Cryptocurrency Analysis and News Portal
Summary: Binance has temporarily paused Bitcoin withdrawals on the exchange due to stuck transactions causing a backlog. The team is currently working on a solution, and further explains that the backlog is being caused by a batch of Bitcoin transactions with low transaction fees. Bitcoin withdrawals on other networks (BEP20 and ERC20) through
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The crypto exchange said the problem had to do with stuck transactions related to some hardware headwinds. Source
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The admission comes after the stunning demise of the Terra blockchain’s flagship project. Source
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State-owned Russian energy giant Inter RAO is now discussing electricity supplies for Kazakhstan where crypto miners have allegedly caused a spike in consumption this year. The country is expecting the power deficit to reach 600 megawatts as demand during the winter increases even further. Kazakhstan Likely to Buy Electricity From
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It is possible that bitcoin is starting off its “traditionally bullish 4Q seasonal rally,” FSInsight said. The firm’s first upside target is $52,956 – the September high – followed by $64,895. Momentum may be overbought on an hourly basis but “dips are likely buyable” daily momentum is not overbought, FSInsight
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Iran’s Ministry of Industries, Mining and Trade has rejected claims blaming illegal cryptocurrency miners for the continuing electricity shortages in the country. The department believes the state-run utility company, Tavanir, has overestimated their role in the power deficit. Illegal Miners Burn Less Energy Than Tavanir Estimates, Ministry of Industries Says An
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SkyBridge is committed to make Bitcoin mining a green industry through renewable energy.SkyBridge Capital, a global alternative investment firm that specializes in hedge fund products, has announced a strategic partnership with MOSS Earth, a climate technology company focused on environmental services especially global operations. According to the partnership details, SkyBridge
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$8.09 Billion in trading positions have been liquidated in the last 24 hours720,927 crypto traders were liquidated in the last dayRetail investors were the main sellers during the dipThe largest single liquidation was a Bitcoin position worth $67 millionBitcoin liquidations top the list at $3.35 Billion in the last dayBitcoin
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After a display of strength in the past weeks, Ethereum dropped below $2,000 for a brief moment. The cryptocurrency seems to be recovered, but the crypto market could still face some resistance to return to its pre-crash levels. A report by Wu Blockchain claims that ETH’s price barely escaped from a
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The crypto market seems to be astonished by yesterday’s season. Dogecoin (DOGE) threw every fundamental out of the window and smashed its way to the 5th position in the crypto top 10 by market cap. DOGE is trading at $0,27 with 20.6% losses in the daily chart. DOGE with heavy losses
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