‘Paper’ Bitcoin On The Decline: What It Means For BTC
Data shows that the Paper Bitcoin inventory on exchanges has been on a decline recently. Here’s what it could imply for the cryptocurrency’s price. Bitcoin Inventory On Exchanges Has Seen A Drawdown Recently In a new post on X, analyst Willy Woo has discussed the latest trend in the Bitcoin inventory sitting on centralized exchanges. Such platforms have two types of reserves: Spot BTC and Paper BTC. Related Reading: Why Is Bitcoin Price Down Today? Key Reasons Explained The former of these is simply the actual tokens that the exchanges are holding on behalf of their users. This....
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On-chain data shows Bitcoin, XRP, and other top cryptocurrencies have been witnessing notably lesser activity from the whales recently as compared to earlier in the year. Bitcoin, XRP Among Assets Observing A Decline In Whale Transactions In a new post on X, the on-chain analytics firm Santiment has discussed about how the latest trend in the Whale Transaction Count has been looking like for the various top coins in the sector. Related Reading: ‘Paper’ Bitcoin On The Decline: What It Means For BTC The “Whale Transaction Count” here refers to an on-chain metric that keeps track....
Steven Nerayoff, an active participant in Ethereum’s (ETH) Initial Coin Offering (ICO), who is believed to know where the “bodies are buried,” has made further revelations in the ongoing ETH Gate saga, which boils on whether or not the US Securities and Exchange Commission (SEC) gave Ethereum a ‘regulatory free pass.’ Lubin’s Piece Of Paper Appears In ETH Gate After being pressured by a member of the XRP community to release the dirt that he claims to have, Nerayoff released a follow-up tweet that contained transcripts from an email that Ethereum’s co-founder Joseph Lubin sent to him....
A turn to decline didn’t happen, which means that the upward trend is to continue. Bitcoin’s price now stands a chance to reach $445. Will the upward trend continue? The lack of a downward trend means that the bulls are holding the advantage. The majority of the traders were expecting the price to grow, at least in the medium-term scale. Thus, the turn to decline didn’t happen. The $424 resistance remains a critical point. That level is the most likely for a turn of the trend towards the next target of $415. A rebound from the level of $424 has only confirmed its significance. Thus, if a....
When J.R. Willett unveiled “The Second Bitcoin White Paper” – the first whitepaper that introduced the concept of initial coin offering (ICO) in January 2012, none really paid any attention to the document. It was not until 2017, where the little crazy idea of the Seattle-based software developer will give birth to the ICO craze […]
Cryptocurrencies will be best suited to be the mainstream means of exchange in future extra-terrestrial settlements, according to a white paper written by Dr. Kartik Hegadekatti, Bangalore divisional commerce manager at the Indian Ministry of Railways and a colleague, Dr. Yatish S. G. The paper, titled “The K-Y Protocol: The First Protocol for the Regulation of Crypto Currencies,” posted on the Social Science Research Network website, contends that regulated sovereign-backed cryptocurrencies (RBCs) will be the most commonly used currencies in societies on other planets settled by humans.....