Scarcity – DIGIT INFO

Eric Trump predicts Bitcoin will hit $1 million, praises scarcity

DIGIT — Tue, 10 Dec 2024 12:36:23 +0000

Eric Trump predicted governments and institutions will adopt Bitcoin, highlighting that the early movers are set to win.

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Bitcoin Rockets to $63.8K: $6.36B in BTC Pulled From Exchanges in 30 Days

DIGIT — Thu, 19 Sep 2024 17:59:04 +0000

On Thursday, bitcoin (BTC) soared to a peak of $63,882, marking a 7.8% increase against the U.S. dollar over the past month. During this same period, approximately $6.36 billion worth of BTC was pulled from crypto exchanges, hitting levels not seen since early November 2018. More Than 100,000 Bitcoin Removed From Digital Currency Trading Platforms […]

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Bitcoin Scarcity Grows as Miner and Exchange Reserves Drop by 183,253 BTC Since January

DIGIT — Fri, 07 Jun 2024 12:52:47 +0000

Over the past 158 days, starting from the beginning of the year, the quantity of bitcoin held by exchanges and miners has decreased by 183,253 BTC, valued at nearly $13 billion. Roughly 90.95% of this bitcoin withdrawal originated from cryptocurrency exchange reserves. Exchanges and Miners See Massive Reductions From Jan. 1 to June 7, 2024, […]

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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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The economics of Bitcoin halving: Understanding the effects on price and market sentiment

DIGIT — Thu, 13 Jul 2023 11:07:00 +0000

Discover how a reduction in supply affects the price of Bitcoin, and how market participants perceive and react to halving events in the dynamic cryptocurrency market.

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Bitcoin Halving Approaches: Less Than 400 Days Until Block Reward Subsidy Is Cut in Half

DIGIT — Wed, 29 Mar 2023 17:15:01 +0000

According to current statistics, the Bitcoin network is fewer than 56,000 blocks away and less than 400 days away from the next reward halving. After the next halving, the block reward will be reduced by 50%, and the current block subsidy of 6.25 bitcoins will drop to 3.125 bitcoins per block post-halving. In addition to […]

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Bitcoin Records Largest Mined Block to Date, 4 MB Block Containing NFT Causes Unease Among Small-Block Supporters

DIGIT — Thu, 02 Feb 2023 19:00:05 +0000

Amid the controversy surrounding the Ordinals project and the debate over what types of data should be stored on the Bitcoin blockchain, the network mined its largest block, nearly 4 MB in size, containing just 63 transactions. One of the transactions was a 3.94 MB Ordinal inscription featuring an image of a wizard, and the […]

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Nearly $13 Billion in Sales: Breaking Down 5 NFT Collections by Sales Volume

DIGIT — Sun, 29 Jan 2023 15:30:26 +0000

Non-fungible token (NFT) assets have existed since at least 2014, but interest in them began to rise in January 2021, according to Google Trends data. Approximately one year later, the search term “NFT” reached its highest score on Google Trends. During that time the top five NFT collections, in terms of all-time sales volume, have […]

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FTX Debtors’ List of Assets Omits Mention of Large Stash of NFTs and ENS Names Owned by Alameda

DIGIT — Fri, 20 Jan 2023 19:30:19 +0000

This week, FTX debtors issued a press release and a 20-page document noting that bankruptcy administrators had located $5.5 billion in liquid assets. The document details that investigators discovered fiat currencies, crypto assets, and securities as part of FTX’s and Alameda Research’s cache. However, the disclosure to unsecured creditors does not mention the extremely large […]

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Trump’s NFT Prize Collection Surfaces on Secondary Markets, Generates $53K in 24-Hour Sales

DIGIT — Thu, 12 Jan 2023 21:00:00 +0000

Following the launch of Donald Trump’s non-fungible token (NFT) card collection, winners of the Trump-themed prizes are selling prize NFTs on secondary NFT marketplaces such as Opensea. The Polygon-minted NFTs act as passes for a one-on-one Zoom meeting with the 45th president of the United States and a gala dinner with Trump. During the past […]

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