Solana’s Old Hands Are Moving—Is Trouble Brewing?
On-chain data shows the Solana network has just seen a large movement of dormant coins. Here’s what this could mean for the cryptocurrency. Solana Coin Days Destroyed Has Witnessed A Huge Spike In a new post on X, the on-chain analytics firm Glassnode has talked about the latest trend in the “Coin Days Destroyed” (CDD) indicator for Solana. A ‘coin day’ is a quantity that one token of the asset accumulates after having stayed dormant (that is, not being involved in any transaction activity) for one day. When a token carrying some number of coin days is moved,....
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Data shows the 14-day Bitcoin Relative Strength Index (RSI) has dropped into the oversold region. Here’s what this could mean for the asset. Bitcoin RSI Has Breached Below The 30 Mark In a new post on X, analyst Axel Adler Jr has talked about the latest trend in the RSI of Bitcoin. The “RSI” refers to an indicator from technical analysis (TA) that measures the speed and magnitude of changes occurring in any given asset’s price over a specific period. In the current case, the period is 14 days. This metric is generally used for spotting oversold or overbought....
Trouble may be brewing for some of the leading bitcoin faucet operators, as problems persist with three of the main micro wallets used by sites in this area of the bitcoin ecosystem. The market has been dominated up to now by three different operators - Microwallet.org, Coinbox.me and BitChest.me - which for years have steadily churned out bitcoins to thousands of bitcoin users. However, in recent weeks Bitchest stopped dispensing, and their bitcoin wallet address has gone quiet. Now in the last few days, Microwallet.org put up a notice that there was a bug with the Blockchain.info API,....
Blockstream CEO Adam Back has refuted claims by Swedish Pirate Party founder Rick Falkvinge that the company “has patents in SegWit.” Pirate Party’s Falkvinge: Blockstream SegWit Support Driven By Patents. In a Twitter response Monday, Back stated Blockstream “does not have any patents, patent applications, provisional patent applications, or anything similar, related to segwit.” Falkvinge, who is a staunch supporter of bigger blocks proposed by rival scaling solution campaigners Bitcoin Unlimited, had earlier Monday released a dedicated post on his website arguing Blockstream’s SegWit....
The Solana Foundation’s first international conference will be held in Lisbon, Portugal this November 7-10. Breakpoint will be the first event to gather Solana’s builders, partners, and supporters in one place to share ideas and network on a global scale. Hundreds of participants will attend the sold-out event featuring a schedule packed with talks and […]
The treasury market is spelling trouble in the broader financial system, making the case for bitcoin investment.