A separate graph also saw USDC and BUSD supply drop sharply in May, however both have since rebounded and are close to being back to their respective all-time high levels.
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Ethereum supply shock: Exchange ETH reserves continue to fall after a 26% drop in 2021
To date, 92,595 ETH have been burned following Ethereum’s London hard fork upgrade.
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Analysts: Institutional Investor Interest Fueling BTC Rally, Liquidity Crunch Narrative Debunked
Crypto analysts are pushing back against the narrative that the current BTC rally is being fuelled by a liquidity crunch afflicting bitcoin mining pools in China. The liquidity crunch, which is caused by an ongoing regulatory crackdown in that country, has reportedly left miners unable to sell their BTC holdings. Miners Are Selling The analysts […]
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Ethereum’s top 10 DApps hit 1M users this month
Ethereum’s top 10 most-popular DApps have collectively amassed more than 1 million active users over the past 30 days.
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Privacy Options Underutilized in Cryptocurrency Usage: Report
Advances in cryptography have not met with user enthusiasm, suggesting a disconnect between the cryptocurrency community and its cypherpunk ancestors. According to Coin Metrics, transactions of privacy-focused cryptocurrencies zcash (ZEC), monero (XMR), and grin only add up to 6% of bitcoin’s transactions. Zcash’s privacy feature is significantly underutilized, with less than 2% of transactions fully […]
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Stablecoin Supply Doubles to 12 billion Following a 50% Cryptocurrency Market Price Drop
The total supply of stablecoins in existence has doubled to 12 billion, following an increased demand sparked off by the March 12 (Black Thursday) 50% crypto price crash. The findings from the latest research study by Coin Metrics, which is sponsored by Bitstamp, show that it took a period between March 12 and the first […]
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Bitcoin Miners Double Revenue: Fees Spiked Over 200% in 10 Days Since the Halving
Bitcoin (BTC) miners earned 44% more in transaction fees in the nine days since the halving than they did for the whole of April. If this continues miners will have more than doubled their income from transaction fees going forward. According to data from Coinmetrics, miners have collected the equivalent of 1,176 BTC in transaction […]
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The Daily: BTCP Bug Exploited by ‘Bad Actor’, Binance Lists New Pairs
The main story featured in today’s edition of The Daily is an official conformation from the Bitcoin Private team that someone has premined millions of BTCP. We also report about the latest currency pairs made available for trading on the Binance exchange. Also Read: Report: Over 300 British Blockchain Companies Shut Down in 2018 Bitcoin Private […]
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New Tools Help Crypto Traders Make Smarter Decisions
If knowledge is power, today’s traders are stronger than they’ve ever been. The range and function of analytical tools is improving by the day, presenting investors with a smorgasbord of options. Sites such as Onchainfx are continually adding new features, empowering traders to make more informed decisions based on more data sets. Also read: 8 Alternatives […]
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Transaction Data Suggests a Crypto Recession Is Brewing
Charts can reveal a lot about crypto assets. Past performance and future indicators can be gleaned at a glance, but there’s also a lot more that can be ascertained. A study of several of the most popular blockchains, including bitcoin and ethereum, has shown transaction velocity to have reached its lowest in years. Cryptocurrency is […]
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