Price Fluctuations – DIGIT INFO

Tough Times for Bitcoin Miners: First Half of August Yields Just a Fraction of July’s Profits

DIGIT — Thu, 15 Aug 2024 13:10:24 +0000

With the first half of August in the rearview mirror, it’s clear that bitcoin miners are facing a challenging month, having only accumulated 36.36% of the total revenue they made in July. A combination of bitcoin’s price fluctuations and reduced onchain fees has left miners in a much tighter spot. Bitcoin Miners Face a Hard […]

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Solana-Based Kamala Token Soars as Biden-Linked Meme Coins Tumble After Race Withdrawal

DIGIT — Mon, 22 Jul 2024 01:24:15 +0000

On July 21, 2024, a Sunday evening around 8:30 p.m. Eastern Time, presidential meme coins experienced notable fluctuations. A Solana-based meme token called kamala horris (KAMA) surged over 78% within 24 hours, while crypto coins linked to the Biden family saw a steep decline. This dramatic volatility followed Joe Biden’s announcement that he would be […]

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BUSD Redemptions Soar Near $290 Million in 8 Hours After NYDFS Consumer Alert

DIGIT — Tue, 14 Feb 2023 02:45:02 +0000

Before Paxos published a press release at 6 a.m. Eastern time Monday, the stablecoin BUSD had approximately 16.16 billion tokens in circulation. In the past eight hours, nearly $290 million has been redeemed, bringing the number of BUSD in circulation to 15.87 billion. Stablecoin BUSD Sees Increased Redemption Activity During Regulatory Scrutiny The stablecoin BUSD […]

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BONK Meme Coin Sees Wild Price Fluctuations and Massive Holder Concentration

DIGIT — Fri, 06 Jan 2023 17:30:40 +0000

After the all-time cryptocurrency price highs in 2021, suffering through the Luna implosion of 2022 and watching countless crypto businesses go belly up, we’ve got a new entrant to the meme coin scene that launched on the Solana network. The crypto asset bonk inu (BONK) has a circulating token supply of around 41.5 trillion and […]

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BTC Ownership in Canada Rises Sharply in 2021, Bank of Canada Study Shows 13% of Canadians Own Bitcoin

DIGIT — Sat, 15 Oct 2022 10:30:55 +0000

This week researchers from the Bank of Canada published the central bank’s Financial System Review which highlights five key statistics tethered to Canadian bitcoin owners. According to the Bank of Canada’s metrics, 13% of Canadians own the leading crypto asset bitcoin, and “most Canadians are aware of bitcoin.” Bank of Canada’s Financial System Review Highlights […]

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A New Line of Sex Toys Lets You ‘Get Off’ With the Price of Bitcoin

DIGIT — Sat, 23 Dec 2017 07:55:34 +0000

Bitcoin markets and the overall value of cryptocurrencies have been going crazy with price swings over the past few months. To add a little more excitement to following the charts, a porn firm called, Camsoda, offers an interactive sex toy that reacts with the price changes of ethereum, litecoin, and bitcoin. Now individuals can literally have sex […]

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