2020 – DIGIT INFO

Bitcoin whale accumulation echos 2020: CryptoQuant CEO

DIGIT — Fri, 31 May 2024 08:04:46 +0000

CryptoQuant CEO Ki Young Ju highlights similarities between Bitcoin whale accumulation in 2024 and mid-2020, suggesting potential bullish trends as high on-chain activity continues despite low price volatility.

Go to Source

Former Bitcoin Dev Gavin Andresen Revises 2016 Blog Post, Calls Trust in Craig Wright a ‘Mistake’

DIGIT — Tue, 07 Feb 2023 04:49:57 +0000

During the first week of Feb. 2023, the United Kingdom Court of Appeal overturned a High Court decision from March 2022 in the case of Craig Wright’s Tulip Trading Limited (TTL) vs. 16 cryptocurrency developers. The case will proceed to trial as Wright, who claims to be Satoshi Nakamoto, stated his team was “delighted” with […]

Go to Source

Axie Infinity’s Monthly Player Count Drops to Low Not Seen Since November 2020

DIGIT — Mon, 23 Jan 2023 02:04:50 +0000

After recording $4.26 billion in total non-fungible token (NFT) sales, the play-to-earn game Axie Infinity’s monthly player count has dropped to levels not seen since November 2020, a period of 26 months. Despite the low player count, the project’s native token, AXS, has climbed 62% higher against the U.S. dollar in the last 30 days. […]

Go to Source

Coinbase Agrees to $100 Million Settlement With New York Financial Regulator for Anti-Money Laundering Violations

DIGIT — Wed, 04 Jan 2023 20:30:13 +0000

Coinbase has agreed to pay a $100 million settlement with the New York Department of Financial Services (NYDFS), according to a consent order signed by the NYDFS superintendent Adrienne Harris on Jan. 4, 2023. New York’s financial regulator said compliance problems were detected and the exchange’s anti-money laundering controls were inadequate from 2020 through 2021. […]

Go to Source

BTC Wraps up 13 Consecutive Years of Recorded Market Value, With No Santa Rally in 2022

DIGIT — Sun, 25 Dec 2022 16:30:49 +0000

By the end of this year bitcoin will have 13 consecutive years of recorded market value under its belt. Seven of those years saw Santa rallies all the way up until New Year’s Eve, and five of the 13 years saw bearish returns from Dec. 1 to Dec. 31. There’s still six more days left […]

Go to Source

Historical Bitcoin Price Trends Are Traditionally Bearish in September, While BTC Market Revivals Follow in October

DIGIT — Sat, 17 Sep 2022 17:30:49 +0000

Half of September has passed and bitcoin traders are curious about where the price is headed next, as September is traditionally a bearish month for crypto prices. Furthermore, October is known to be a bullish month as bitcoin has been profitable in October more than 77% of the time. Data shows the leading crypto asset’s […]

Go to Source

Crypto Market Turning Point — Most Cryptocurrencies Down 57% to Over 80% From Price Highs

DIGIT — Wed, 25 May 2022 18:00:19 +0000

Roughly six months ago, bitcoin and a number of digital assets reached all-time highs and the crypto economy crested above $3 trillion in value. Today is a different story as a great majority of cryptocurrencies are down between 57% to over 80% against the U.S. dollar. While Cryptos Are Down From the ATHs, 2020 Holders […]

Go to Source

2022 Bitcoin Obituaries List Outpaces First 3 Years, Schiff Says Its ‘Highly Likely Bitcoin Will Crash Below $10K’

DIGIT — Mon, 09 May 2022 22:30:50 +0000

While bitcoin’s price has dropped to levels not seen since January 2022, a number of detractors think bitcoin is on its death bed. Data stemming from the Bitcoin Obituaries list shows the leading crypto has died seven times in 2022, outpacing the first three years of obituaries by year written by bitcoin haters. The last […]

Go to Source

Chainalysis Study Shows ‘Criminal Whales’ Hold $25B in Digital Assets, Entities Represent 3.7% of All Crypto Whales

DIGIT — Thu, 24 Feb 2022 22:30:32 +0000

According to research published by Chainalysis, criminal entities hold more than $25 billion in cryptocurrencies. The blockchain intelligence firm’s study shows that there was a significant increase in crypto balances held by criminals in 2021 as the metric jumped by 266% since the year before. Chainalysis Studies Crypto Whales Holding Balances Tied to Illicit Addresses […]

Go to Source

The Miner Capitulation Number: A Look at When Bitcoin’s Price Crashed Below the Cost of Production

DIGIT — Mon, 07 Feb 2022 14:30:53 +0000

Over the last 30 days, Bitcoin’s hashrate has been coasting along at the highest levels ever recorded during the network’s lifetime. Bitcoin’s price improved recently but it is still down 38% from the crypto asset’s high, making bitcoin less profitable to mine. However, bitcoin mining is still profitable, in contrast to ten years ago, when […]

Go to Source