Author: Farwa Raza

Transfers to exchanges bitcoin miners hit a new record, according to blockchain analytics firm Coinmetrics. “Miners sent 88,000 bitcoins to exchanges”said Kyle Waters of Coinmetrics. “A new all-time record”. The only other time miner transfers reached these levels was in 2016, when the price of bitcoin was much lower. As CryptoQuant also pointed out, miners are selling heavily in recent days. The “total miner output” is an indicator that measures the total amount of Bitcoin that comes out of the wallets of all miners. When the value of this metric increases, it means that miners are taking some coins out…

Celsius reportedly hired banking giant Citigroup to advise him in an attempt to find possible solutions to his financial problems.. Citigroup to act as financial advisor to Celsius That’s how they revealed it two anonymous sources familiar with the matter. Celsius’s financial problems immediately seemed serious when announced a few days ago that it had suspended all withdrawals. .@CelsiusNetwork is pausing all withdrawals, Swap, and transfers between accounts. Acting in the interest of our community is our top priority. Our operations continue and we will continue to share information with the community. More here: https://t.co/CvjORUICs2—Celsius (@CelsiusNetwork) June 13, 2022 Four…

Bitcoin (BTC) has fallen about 70% from its all-time high in November, dragging with it the rest of the markets. The markets responded positively to yesterday’s interest rate hike by the Fed, but the Fear & Greed index remains in “extreme fear”. Despite all that, MicroStrategy CEO, Michael Saylorsays that Bitcoin is still the best store of value in the world, adding: I can’t think of a better idea. “No one lost money invested in Bitcoin for four years” In an interview Wednesday with CNBC’s Squawk On The Street, Saylor notes that Bitcoin’s four-year simple moving average (SMA) is $21,685.…

Axie Infinity It has been one of the biggest fevers in the crypto market in recent months, having even been a great promise to revolutionize the market, a promise that has come to be copied by many. But with the price of the gaming asset falling and different problems in the ecosystem, a Bloomberg column points out that what ended up happening was simply a disaster for investors. “Axie Infinity’s vision of ‘Play2Earn’ has collapsed, and the company behind the game is now telling gamers that the goal was never to make money,” says Bloomberg’s column on Axie Infinity. Axie…

Michael Saylorfounder and CEO of MicroStrategy, is reassured even with his company suffering from $1 billion loss. According to the entrepreneur, they already knew about the volatility of Bitcoin before adopting it and prepared for it. Owner of a stack of 129,218 BTC, today MicroStrategy is the public company with the largest amount of bitcoins in cash. More importantly, it is being watched by many others who are considering ditching fiat currencies. Therefore, the company’s behavior during the first bear market it faces deserves attention. After all, Michael Saylor’s love for Bitcoin I could take it to bankruptcy or to…

Today someone opened a position of 17,919 WBTC on Maker to borrow $278 million of DAI and there is speculation that it may be Celsius Network. 🚨 Celsius Network has 17,919 $WBTC leveraged in Maker protocol. This position faces liquidation at $22,584/$BTC. $278 thousand $DAI debt, making it the largest individual debt position on the protocol. pic.twitter.com/MNF0B3zbQv— Dirty Bubble Media: 🌡⏰💣 (@MikeBurgersburg) June 13, 2022 $278 million in DAI borrowed: 17,919 WBTC as collateral It is suspected that the address that opened this position is that of Celsius. Maker issues the DAI stablecoin using overcollateralized loans. In fact, to borrow…

Decentralized autonomous organizations (DAO) are typically managed using blockchain smart contracts. Furthermore, the governance of ‘these digital companies’ is determined by shareholder votes. Most of these votes are done through discord. The members of these DAOs meet physically from time to time. However, most of its meetings are being held virtually. Using blockchain technology, transactions in DAO are immutable and transparent. DAO Governance Activity Soared in the Past Year: Data from Snapshot Labs Data from Snapshots Labs revealed a huge increase in the amount of DAOs in the past year. The data adds that this number is eight times more…

New research by Finder.com clearly shows the growth in NFT adoption in the Andean countryit is said that one in 10 Peruvians owns an NFT and more than 14% hope to acquire one of these pieces that are so popular today. Today we will be doing an in-depth analysis of the huge adoption of NFT in Latin America and the surprise appearance of Peru as a potential leader on the continent in the coming years. What are NFTs? For those who do not know what NFTs are or (non-fungible tokens), they are unique and immutable digital pieces that represent some…

The percentage of Bitcoin circulating supply that is held on cryptocurrency exchanges has fallen below the 10% mark for the first time since the price of BTC hit a low of $3,200 in December 2018, at the low of the so-called Crypto Winter. According to on-chain analytics firm Santiment, last month’s volatility in cryptocurrency markets “caused a BTC inflection moving to trades on panic selling.” The low supply that remains on the exchanges, the firm says, is a “sign of confidence from the hodlers.” The supply of Bitcoin on cryptocurrency exchanges is a closely watched metric as it is used…

The founder of Twitter, jack dorseyand the American rapper Jay Z are funding a Bitcoin educational program called Bitcoin Academy this Thursday (9). The show will target residents of the Marcy Houses in Brooklyn, where Jay-Z grew up. Although Bitcoin has no barriers, the website cites that lack of financial education remains a major hurdle. Therefore, its goal is quite simple and, at the same time, very important: to transmit knowledge. “Jay-Z and I are funding The Bitcoin Academy, a program for residents of the Marcy Houses in Brooklyn, New York, where Jay grew up.”. Also, this isn’t the first…