Ethereum miners made 450K ETH from high network fees during DeFi peak

Ether (ETH) miner revenue skyrocketed during the month of September according to data from glassnode, an onchain analytics resource. While the price of Ether did not rise significantly during this time, miners on the Ethereum network saw their revenue increase due to high fees.  Miners took home 450,089 ETH in fees ($168.7 million) and this represents a 39% increase over last month in which miners made roughly $113 million in fees. During the same period, Bitcoin miner revenue from fees not… Source link

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South Korea to replace Black Hawks with homemade Surion helos, says lawmaker

“We knew it was going to be good, but dadgum …,” exclaimed Stifel analyst Ben Nolan upon seeing the preliminary third-quarter 2020 results from Matson Inc. (NYSE: MATX). Matson’s disclosures offer the first signals of how solid Q3 2020 earnings will be for container lines across the board. Container-line profits exceeded expectations in Q2 2020, a period when volumes were weak. In the third quarter, volumes and rates surged — and not just in the trans-Pacific trade. “The… Source link

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$12K Bitcoin price back on the table after BTC rallies above $11.4K

On Friday Bitcoin (BTC) price finally managed to break above the symmetrical triangle where the price had been compressing for the last 30 days. After holding the $11,000 level into the daily close, the price rallied to $11,448 on multiple high volume surges.  Cryptocurrency daily market performance snapshot. Source: Coin360 On Oct. 8 Cointelegraph contributor Micheal van de Poppe explained that in his view: “If the price of Bitcoin breaks through the $11,100-$11,300 resistance zone, further… Source link

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Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – October 10th, 2020

Ethereum Ethereum rallied by 4.04% on Friday. Following on from a 2.79% gain on Thursday, Ethereum ended the day at $365.36. A bearish start to the day saw Ethereum fall to a mid-morning intraday low $347.15 before making a move. Steering clear of the first major support level at $339.25 Ethereum rallied to a late afternoon high $366.50. Ethereum broke through the first major resistance level at $358.3 and the second major resistance level at $365.34. A late pullback saw Ethereum briefly fall… Source link

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Forget Jack Dorsey And Square—Is This The Real Reason Bitcoin Has Suddenly Soared?

The bitcoin and cryptocurrency community was yesterday set alight by news payments company Square SQ , led by Twitter TWTR chief executive and outspoken bitcoin advocate Jack Dorsey, had bought $50 million worth of bitcoin. The bitcoin price, which had been hovering at just over $10,000 per bitcoin since early September, has jumped more than 5% following the news, climbing over $11,000 and potentially resuming the bull run that drove it from lows of under $4,000 in March… Source link

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Blockchain Bites: Bitcoin Crosses $11K While DOJ Takes Aim at Crypto

Ethereum’s success drives imitation.  Just take a look at the latest report from the crypto-industry publication DappRadar: In the third quarter of 2020, Ethereum accounted for 96% of the total transaction volume over decentralized applications, including the blockchain-based trading and lending networks that have exploded in popularity in recent months.  Prices for ether (ETH), the Ethereum blockchain’s native token, have nearly tripled in 2020 to about $350. Such returns make… Source link

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Bullish trend reversal underway as Bitcoin price holds above $11,000

Within the last few hours, Bitcoin (BTC) price surpassed $11,000 in a swift turnaround from its swing low at $10,500 in early October. Analysts have attributed three major factors to BTC’s abrupt trend reversal. The potential catalysts are whale accumulation, a spike in institutional demand and the strength of the $10,500 support. Whales are either accumulating or refusing to sell Earlier this week, Cointelegraph reported that activity within whale clusters pointed to strong buying demand… Source link

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What Is Litecoin's Price Prediction in 2020? – Market Realist

Robinhood is a platform for trading cryptocurrencies. Based in San Fransisco, the company offers services in five states in the U.S. — California, Massachusetts, Missouri,  Montana, and New Hampshire. The platform allows users to buy and sell cryptocurrencies like Bitcoin, Ethereum, Dogecoin, and other digital assets. The platform also offers its users a commission-free investing and trading app.  Investors need to have an account with Robinhood to be able to buy or sell digital assets on… Source link

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First Mover: Bitcoin Hits $11K as Square Exposes $2.3T Corporate Money Pot

Payments company Square’s announcement that it would put some $50 million, or 1% of its assets, into bitcoin has touched off speculation that more corporations might do the same.  Jack Dorsey, the Twitter CEO who also helms Square, is a longtime bitcoin bull, so it wasn’t a huge surprise his company would put some of its corporate liquidity into the cryptocurrency. He’s following the path of MicroStrategy CEO Michael Saylor, who has invested at least $425 million of the company’s… Source link

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Bitcoin price breaks $11K, crypto traders optimistic about BTC’s action

The price of Bitcoin (BTC) has seen a recovery during the past week, surging by nearly 6.5% since Oct. 2. The resilience of the dominant cryptocurrency has traders pleasantly surprised, as many analysts anticipated a larger pullback. Following BTC’s rebound above the critical $10,500 support level to just over $11,000, the sentiment is turning optimistic. In the near term, traders believe $10,500 remains the most critical level for Bitcoin for numerous reasons. Most notably, it represents a… Source link

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