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Stepping into 2022, Bitcoin (BTC) falls below the psychological price of $50K, and the leading cryptocurrency has been consolidating between $46,000 and $49,000 ever since.
As a result, profitability in the BTC market has slipped to a 5-month low.
On-chain metrics provider Glassnode confirmed:
“The number of Bitcoin addresses in...
Ethereum’s Low Median Fees Triggering more Utility, Burn Rate Stands at 6.16 ETH Per Minute
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Ethereum (ETH) recently experienced a bullish momentum that drove the price above $3,900 for the first time in 2022.
One of the contributing factors is that utility is rising thanks to low median fees.
Crypto analytic firm Santiment confirmed:
“The median fee per ETH transaction has remained low, allowing utility...
Canaan Deploys 10,300 Mining Machines in Kazakhstan, Expanding its Mining Operations
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Canaan, a Chinese Bitcoin mining manufacturer engaged in independent AI chip research and development as well as providing high-performance computing services, announced that it has signed strategic cooperation agreements with a number of crypto mining companies and plans to launch joint mining operations in Kazakhstan.
According to the official...
Despite Price Battery, Bitcoin Still Ranks as One of the World’s Most Valuable Assets
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The 13 year anniversary of Bitcoin, created by Satoshi Nakamoto, and its strides on all fronts have positioned it as one of the most valuable assets in the world nowadays.
When Bitcoin’s price was trading at its All-Time High (ATH) above $68,700 as of November last year, the cryptocurrency was...