Amount of ETH held by miners reaches highest level since 2016
Ethereum miners are reluctant to sell their assets and appear to expect further price increases. The amount of Ethereum that is being held by miners has reached record levels in U.S. dollar terms as they remain reluctant to sell.The balance held by Ethereum miners is the largest it has been since shortly after the network was launched five years ago. When converted into USD, it is at a historic peak of $1.85 billion, according to data provided by analytics platform Santiment.The firm stated that the 532,750 ETH is the largest balance held by miners since July 13, 2016. The amount equates....
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Despite the Ethereum burn introduced with the London hard fork, miners are still making a good amount of revenue from mining. For ETH, the balance held by miners had been dropping since 2016. This was mostly a combination of poor market conditions and miners selling their holdings to fund their mining activities. With low prices, the total dollar value of miners’ ETH holdings had dropped. This number picked back up in 2021. Following the bull run which began in 2020, the price of Ethereum has gradually recovered. And by extension, the dollar value of the miner’s ETH holdings had begun to....
2016 has been an excellent year for Bitcoin in many respects. Scalability innovations like Segregated Witness have been introduced to the Bitcoin community, many successful Blockchain and Lightning Network tests have taken place and many new markets have turned to Bitcoin as a viable currency option. The price of Bitcoin has been a major positive in 2016 as well, with its value up by well over 75 percent. Now, Dec. 1, 2016, marks the highest Bitcoin price measured in over two and a half years. New Bitcoin high for 2016. According to BitcoinAverage, the price of Bitcoin passed the $760 mark....
XSwap, a main products of Xfinance ecosystem, has launched Uniswap LP token liquidity mining. This is a fair version, 100% distributed to the community, with No team shares, No Pre-mine. Governed by the Xfinance community. In just a few hours, the funds in the pool are above to 5000ETH. The highest APY reaches 70,000%! XSwap dapp link: https://xswap.app How to participate in XSwap Uniswap liquidity mining? Choose your favorite pair and add liquidity on Uniswap, then approve and deposit UNI-LP token on XSwap. In the first 100,000 blocks, each block will provide 10,000 XSP rewards, after....
The keyword "bitcoin" has reached the highest level on Google Trends since May 2014, amid the sudden extreme price moves of bitcoin and the decline of trading volume in major bitcoin exchanges including OKCoin, BitFinex and BTCC. Interestingly, the most frequently searched query so far, in 2015 on Google was "mining bitcoin." Over the past few weeks, the spike in the price of bitcoin boosted the mining industry in China and the U. S, as Chinese miners experienced a 30% growth during the BTC price surge. Huobi, one of China's largest bitcoin exchange said in an interview: "The current spike....
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