deflationary – DIGIT INFO

Arthur Hayes Predicts Bitcoin Boom as Central Banks Cut Interest Rates

DIGIT — Sun, 01 Sep 2024 00:30:52 +0000

Bitmex co-founder Arthur Hayes is optimistic about bitcoin’s future, citing recent interest rate cuts by central banks. He believes further rate cuts by the U.S. Federal Reserve, Bank of England, and European Central Bank could expand the money supply and drive inflation. Hayes argues that while inflation may negatively impact some businesses, it would benefit […]

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Ether turns inflationary for the first time since Merge

DIGIT — Thu, 09 May 2024 13:51:49 +0000

This marks the first period of Ethereum becoming inflationary in the past year and a half since the Merge took place.

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Bitcoin Halving Inches Closer With Fewer Than 2,900 Blocks Remaining

DIGIT — Sun, 31 Mar 2024 15:41:16 +0000

The next Bitcoin halving is on the horizon, drawing closer with each passing block and anticipated to take place anywhere between April 18 to April 22, 2024, at the milestone of block 840,000. Following this event, the reward for mining a block will halve from 6.25 bitcoins to 3.125 bitcoins. The following is a thorough […]

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Ethereum’s Transition to Proof-of-Stake Yields Deflationary Results

DIGIT — Mon, 20 Feb 2023 19:00:57 +0000

After the transition from proof-of-work (PoW) to proof-of-stake (PoS), Ethereum’s annual issuance rate has been reduced to negative 0.057%, according to statistics 158 days after The Merge. The metrics indicate that more ethereum tokens have been removed than issued, and if the chain were still under PoW consensus, 1,823,678 ether would have been minted to […]

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Ethereum price eyes 35% rally after 6,000 ETH gets burned in one week

DIGIT — Fri, 14 Oct 2022 09:50:00 +0000

A new crypto project aiming to mint tokens from burning Ether is behind Ethereum’s deflationary turn.

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‘Ultra Sound Money’ — Post-Merge Stats Show Ethereum’s Issuance Rate Plunged After PoS Transition

DIGIT — Mon, 19 Sep 2022 18:30:08 +0000

Months before Ethereum transitioned from proof-of-work (PoW) to proof-of-stake (PoS), a simulation of The Merge had shown the network’s issuance rate would drop following the ruleset change. Statistics now show that the simulation’s predictions have come to fruition as the network’s issuance rate has slowed significantly since September 15, following the Paris Upgrade that triggered […]

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$5.8 Billion Burned: Second Largest Crypto Network Records 2 Million Ethereum Destroyed in 7 Months

DIGIT — Mon, 21 Mar 2022 16:00:17 +0000

This week, the Ethereum network’s burn rate reached a milestone by surpassing 2 million ethereum burned worth $5.81 billion since August 5, 2021. Metrics show the crypto network has a 24-hour burn rate of 1.74 ether per minute, which equates to roughly $5K worth of ether destroyed every 60 seconds. 2 Million Ethereum Burned, More […]

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Ethereum After 1559: Network Nears 2 Million ETH Burned Worth Over $6.9 Billion

DIGIT — Sat, 26 Feb 2022 14:30:11 +0000

Approximately 205 days ago, the Ethereum network upgraded via the London hard fork which implemented the packaged Ethereum Improvement Proposal (EIP) 1559. Since then, the EIP-1559 upgrade made it so a fraction of gas is destroyed during the transaction process and to date, 1,915,220 ether has been burned worth over $6.9 billion using today’s exchange […]

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Ethereum Has Burned 1.2 Million ETH in 4 Months, Close to $5 Billion in Ether Destroyed

DIGIT — Tue, 28 Dec 2021 19:00:01 +0000

With three days left until the end of 2021, the Ethereum network and its native token ether have had a phenomenal year as ether has increased more than 450% in value in 12 months. 145 days ago, on August 5, the Ethereum network implemented the London hard fork and since that day, 1,283,226 ether worth […]

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Ethereum Might Dethrone Bitcoin as Best Crypto Store of Value, Study Argues

DIGIT — Sat, 04 Dec 2021 09:30:31 +0000

A recent paper authored by members of several universities, including Sydney and Macquarie, argues that recent changes in Ethereum monetary policy are making it a better store of value than bitcoin. The deflationary effect that the EIP-1559 proposal has caused in the issuance of the currency is said to be the main cause of this. […]

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