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The company’s gross mining margin during the year was $50.1 million compared to $8.5 million the year before, which Hive attributes to taking control of its operations in Sweden and ending bitcoin cloud mining, as well as switching to independent mining in Quebec. Source
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Ethereum has been on an impressive growth path recently. The digital asset recently broke a three-month high after it broke through $3,400 in the early hours of Tuesday. Usage on the Ethereum network has increased drastically in the recent weeks, causing fee rates to surge 200% in the space of
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Bitcoin price has been unable to get back to $50,000, but with momentum at its back for the first time on weekly timeframes since March, the top cryptocurrency might blast right on through it. Here’s a closer look at the significant bullish crossover brewing, but also what crypto investors might need
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Ethereum's native asset Ether (ETH) faces prospects of closing above $14,000 sometime in 2021 based on its current trend's striking similarity with the one from last year.Ether price fractalFirst spotted by user TradingShot, the Ethereum fractal involves three technical indicators: a 50-day simple moving average (50-day SMA), a Fibonacci channel,
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The 916,000 jobs added in March features about 280,000 new workers from the hospitality and leisure industry, while construction and manufacturing reported 110,000 and 53,000 added jobs respectively.Stock futures showed a varying reaction or growth tickers as the United States job report for March was unveiled. The futures on the
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In brief:Bitcoin’s 30-day rolling correlation with the S&P 500 has increased to levels last seen in March and October of 2020Bitcoin’s correlations with gold, bonds and the dollar index (DXY) have decreasedBitcoin price is currently more influenced by the global macro eventsBTC is currently challenging gold as an ideal hedge
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Finance Redefined is Cryptox's weekly DeFi-centric newsletter, delivered to subscribers every Wednesday.Uniswap V3 was publicly announced yesterday and I didn’t really get a chance to write about it, so I wanted to dedicate this newsletter to a review of V3 and the AMM space in general.My initial reaction to Uniswap
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Summary:117k Bitcoin Options expire this Friday, March 26thThe maximum pain point for the expiry is $44k according to the team at Deribit InsightsBitcoin has lost the $55k support zone with $53k the level to watch moving forwardA drop to $49k seems likelyBitcoin will undergo a big quarterly expiry of options
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Editor's noteAfter taking a bit of a break and skipping a week for the newsletter, I’ve returned with the feeling that something big is brewing for the crypto space.To people who follow me on Twitter or here, it is probably no secret that I believe the fate of the crypto
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Bitcoin has had its most profitable quarter on record dollar for dollar, rising more than $25,000 in Q1 alone. But despite the enormous bullish impulse, the price action has left behind the first ever bearish divergence on quarterly timeframes in the asset’s history. Making matters worse, March is historically be worst
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