Research: BTC, ETH address momentum shows significant divergence
Research: BTC, ETH address momentum shows significant divergenceThe new address momentum metrics indicate a sturdy network growth for BTC while showing an opposite sentiment for the ETH network.
Happy Thursday!The global crypto market cap is $1.05 trillion with a 24-hour volume of $67.08 billion. The price of Bitcoin is $22,501.02 and BTC market dominance is 41.3%. The price of Ethereum is $1,620.26 and ETH market dominance is 18.9%. The best performing cryptoasset sector is Oracle, which gained 5%.
Latest NewsResearch: BTC, ETH address momentum shows significant divergence
The new address momentum metrics indicate a sturdy network growth for BTC while showing an opposite sentiment for the ETH network. UK’s most violent prisoner Charles Salvador ‘Bronson’ set to release NFT collectionThe controversial 10,000 piece collection is scheduled for a Feb. 12 release on OpenSea. NEO price breaks out, posting 25 week high to $10.70NEO outperforms Bitcoin off the back of news the project is moving into Web3 gaming in a big way. Bitfarms pay off $21M debt with one-time cash payment of $7.75MThe loan repayment freed up over 6000 Bitcoin mining machines Bitfarm had used as collateral. World Mobile team contains social media hack incidentWorld Mobile social media channels were hacked leading to unauthorized, malicious posts. Russian government gives green light to crypto mining operation in SiberiaThe $12 million planned facility will include 30,000 dedicated crypto mining rigs. Umami Finance token crashes by over 50% as CEO dumps holdingsSeveral members of the Umami team resigned in a move designed to push the project "back towards decentralization and a DAO structure," according to Discord messages seen by CryptoSlate. MetaMask set to launch Onramp.money integrationThe Onramp.money integration will enable Indian MetaMask users to buy cryptocurrencies directly using their API. LocalBitcoins P2P marketplace to shutter servicesLocalBitcoins is set to suspend all platform functionalities from Feb. 17 onwards — except to allow customers to withdraw their Bitcoins. Tether reports $700M profit for Q4’22Tether said it has an excess reserve of at least $960 million as of Dec. 31. Its total assets stood at $67.04 billion, while its liabilities were $66.08 billion. US authorities allegedly using banks to crack down on crypto – Nic CarterCoinMetrics co-founder Nic Carter said crypto firms are finding it increasingly difficult to obtain access to onshore banking systems due to unfriendly government regulations. CryptoSlate Daily wMarket Update: Polygon shows strength amid wider market downturnThe wMarket Update condenses the most important price movements in the crypto markets over the reporting period, published 07:45 ET on weekdays.
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IRS broadens tax requirements for crypto to encompass everyone
Wednesday, February 8, 2023
The IRS said tax and reporting requirements are now mandatory for everyone who received, earned, transferred, or sold cryptocurrencies.
Turkish watchdog stretches rules and allows crypto wallets to collect aid
Tuesday, February 7, 2023
A Turkish singer convinced the country's watchdog to allow three wallets to collect funds, even though the act isn't currently legal in Turkey.
Binance is suspending USD-based bank transfers
Monday, February 6, 2023
Binance said its users' could use all other methods of buying and selling crypto, including bank transfers in other fiat currencies like Euros.
UK looks to launch digital pound by 2030, roadmap to be released soon
Sunday, February 5, 2023
The Bank of England and the Treasury believe that the UK will "likely" need a digital pound amid declining cash usage.
London tops crypto hub rankings with 2nd highest number of crypto companies in the world
Saturday, February 4, 2023
The city of London was praised for having over 800 crypto companies.
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