New data suggests that Bitcoin mining may not be as profitable as it once was. Declining Hashprice The “hashprice,” which measures the revenue miners earn for their computing power, has dropped to near record lows. This decline comes despite the recent Bitcoin halving, which usually boosts the cryptocurrency’s value. Challenges for Miners The low hashprice…
Thin Sell-Side Liquidity An analyst predicts a potential spike in Ethereum’s price due to a decrease in sell-side liquidity on major exchanges like Binance and Coinbase. With fewer sellers, a small increase in demand could result in a significant price increase. Factors Influencing ETH’s Price Despite the thinning liquidity, market makers could balance the market….
Bitcoin Halving and Miner Revenue After the recent Bitcoin halving, which cuts block rewards in half, miner revenue spiked to a record $100 million. This was due to an explosion in transaction fees, which are the other main source of income for miners. Runes Protocol and Transaction Fees The release of the Runes protocol, which…
Pomona, California is set to launch a $2.25 million guaranteed income program for young parents facing financial challenges. Flourishing Families Program The 18-month program, called Flourishing Families, will provide $500 per month for a year and a half to 250 families. Another 350 families will form a control group and receive stipends for completing tasks…
Memecoin Meltdown Analyst Credible Crypto warns that memecoins, cryptocurrencies inspired by internet memes, are on the verge of a sharp decline. He attributes the recent surge in memecoin prices to a lack of enthusiasm for other cryptocurrencies and a belief that fundamentals don’t matter. Bitcoin’s Next Move Credible Crypto believes Bitcoin could retest the $60,000…
Crypto expert Altcoin Sherpa is optimistic about memecoins in this market cycle. He believes retail investors will drive their prices higher. Top Memecoin Picks Altcoin Sherpa has identified the following memecoins as his top picks: Large Cap: Dogecoin (DOGE) Shiba Inu (SHIB) Pepe (PEPE) Bonk (BONK) dogwifhat (WIF) Mid Cap: Brett (BRETT) Joe Boden (BODEN)…
Memecoin BODEN Soaring Cryptocurrency trader Crypto Dog predicts a breakout for memecoin Jeo Boden (BODEN). Despite a recent consolidation period, BODEN is testing a resistance level and is currently trading at $0.639, a staggering 2,466% increase since March 9th. Bullish Signals for Memecoins Crypto Dog also highlights bullish signals for other memecoins, including dogwifhat (WIF)….
Key Price Levels for Profit-Taking Crypto analyst Crypto Noan has shared a strategy for taking profits on Shiba Inu (SHIB) investments. Here are the target prices he recommends: First Target: $0.000028181 Second Target: $0.000032816 Third Target: $0.000039035 Fourth Target: $0.000043609 The first and second targets have already been reached earlier this year. The third and…
Investments in Grayscale and BlackRock The Bank of New York Mellon (BNY Mellon), the oldest bank in the US, has invested in Bitcoin Exchange Traded Funds (ETFs). According to SEC filings, BNY Mellon has purchased: 3 shares of Grayscale’s Bitcoin Trust (GBTC) for $166 7,105 shares of GBTC for $448,823 1 share of BlackRock’s IShares…
Strict Deadline for SEC Response In the ongoing legal battle between Ripple and the SEC, Judge Sarah Netburn has ordered the SEC to respond to Ripple’s motion to strike by Monday, April 29, 2024. Ripple has three business days to file a response. Background Ripple filed a motion to strike the SEC’s expert materials, arguing…
