Bitcoin (BTC): The largest cryptocurrency by market value was recently trading at $16,779, down 0.06% in the past 24 hours. The bitcoin price dropped as low as $16,566 midday Thursday before erasing the losses with a V-shaped recovery. Analysis of past data by Delphi Digital shows that bitcoin tends to lead major stock market bottoms by at least six weeks. “History shows that, on average, BTC has topped ~48 days and bottomed ~10 days before the SPX [S&P 500],” Delphi’s strategists, led by… Source link

Liliya Filakhtova Bit Digital (NASDAQ:BTBT) said Thursday it has begun ethereum (ETH-USD) staking operations as it expands beyond its core bitcoin mining operation. Shares of the company, which ended 8.3% higher on Thursday, climbed 9.6% after the bell. The cryptocurrency miner will stake its ETH holdings to an ethereum validator node to secure the blockchain. Stakers will be compensated with the native network token. Bit Digital (BTBT) expects to derive revenue from the ethereum… Source link

In a world where giants of the conventional financial system like Visa, Mastercard and PayPal employ tens of thousands of employees, Bitcoin continues to be run by a tight ship of just a few dozen active developers. New York Digital Investment Group (NYDIG), a Bitcoin-focused investment firm, published a report in September chronicling Bitcoin’s 14-year evolution from a software development perspective. The report, titled “Developers of Bitcoin,” found that there are only 40 to 60… Source link

NEW YORK, Dec. 22, 2022 /PRNewswire/ — Bit Digital, Inc. (Nasdaq: BTBT) (“Bit Digital” or the “Company”), a digital asset mining company headquartered in New York, is pleased to announce that it has formally commenced Ethereum staking operations. Bit Digital intends to delegate, or stake, its ETH holdings to an Ethereum validator node to help secure and strengthen the blockchain network. Stakers are compensated for this commitment in the form of a reward of the native network token.

Monero receives a strong long-term technical score of 92 from InvestorsObserver analysis. Our proprietary scoring system considers the trading patterns over the past several months to a year by analyzing the coin’s consistency, volatility, and where it is relative to long-term averages to determine whether it’s a strong buy-and-hold investment opportunity. Currently, XMR holds a superior long-term technical analysis score than 92% of… Source link

Unique addresses on the BNB Chain crossed 230 million, surpassing Ethereum and becoming the “largest layer 1 blockchain in the world,” according to a company statement. Meanwhile, the network also witnessed “record-breaking highs” in transactional volume — reaching 9.8 million transactions in May. Growth despite crypto winter BNB Chain reported that the blockchain has “made significant strides in onboarding the next billion users into Web3.” Director of Growth & Ops at BNB… Source link

A widely followed crypto analyst is looking ahead for Bitcoin (BTC), Ethereum (ETH) and one top altcoin as another year comes to a close. In the latest issue of his Cryptocademy newsletter, Justin Bennett first tells traders that the traditional stock index the S&P 500 (SPX500) will soon face a major test. “SPX is approaching a huge test at 3,910. That’s been the pivot for the index for months, and a resistance level that won’t fall easily.” Source: Justin… Source link

This is an opinion editorial by Level39, a researcher focused on Bitcoin, technology, history, ethics and energy. On December 14, the U.S. Senate Committee on Banking, Housing & Urban Affairs received inaccurate testimony regarding Bitcoin from actor Ben McKenzie and Professor Hillary J. Allen. The hearing, entitled “Crypto Crash: Why the FTX Bubble Burst and Harm to Consumers,” had all the markings of political theater and provided a stage to misinform senators and the public. It coincided… Source link

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Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their… Source link