Three-quarters of BTC addresses still in profit despite market decline: Glass...
The report by Glassnode also revealed that up to 60% of the transaction volume is in what it calls “profit dominance”, and long-term holders are the most likely to be in the green. The price of Bitcoin (BTC) has been on the decline again recently, but new insights from blockchain analytics firm Glassnode show that up to 75% of Bitcoin addresses are in profit.In its Week-On Chain report published on Monday, April 11, Glassnode analyzed the number of Bitcoin wallets that are in profit and found that around 70% to 75% of addresses are seeing an unrealized profit, much higher than the 45% to....
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Since I first got involved in Bitcoin, I’ve sought a simple means of explaining Bitcoin and the technology that underpins it, the Blockchain, to my friends and family, looking for a simple yet true-to-life analogy that illustrates something so complex. My understanding of the actual technological aspects of them is somewhat limited, so forgive the fact that this analogy inevitably has its own limitations, but I hereby present it to you - the glass deposit box analogy. Addresses, keys and the Blockchain. One of the first things people ask me when I talk to them about Bitcoin is, ‘if it’s on....
The top-10 Ethereum non-exchange addresses have seen an 11% decline in their holdings while on-exchange whale addresses have seen a 78% increase over the past three months. Ethereum blockchain is slated for one of the biggest updates since its inception, as it will transition to a proof-of-stake (PoS) mining consensus from its current proof-of-work (PoW) one. The Merge date is scheduled for Sept. 15, after the successful Goerli test net integration — the final test net merger before the actual transition. Ether (ETH), the native token, was on a bullish surge after the announcement of the....
Startup Eaze has released the public beta of its innovative bitcoin payments app designed for wearable technology. Nod to Pay was designed for Google Glass and an early public beta is now available for download directly from the developer. The app currently supports bitcoin wallets from Blockchain and Coinbase, and Eaze says it plans to add support for other wallets in the future. OK Glass, make a payment. Due to the unique Google Glass user interface, Nod to Pay is somewhat different to set up than your average smartphone payments app, and sending bitcoin involves a bit more than a simple....
Ethereum active addresses have continued to decline. This follows the market crash where the price of Ethereum had dropped to below $1,000 before staging another recovery. This decline has shown various implications for the digital asset and also points towards how investors could be feeling towards the digital asset. Activity Falls To 2020 Lows Data from the Block shows that the active addresses on the Ethereum network on a seven-day basis are down. These active addresses had hit a new all-time high back in June 2021 when the bull market had been in full bloom. The rise in active....
Earlier this week, a bill was introduced in Washington state to ban pot shops from accepting Bitcoin. Some of the biggest names in cannabis, however, have already dipped their toes into the digital currency market. One of the most storied functional glass makers in the history of glass (he’s done works for the Dalai Lama and Snoop Dogg) accepts Bitcoin....