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Ethereum miners earned a record $830 million in January as network activity, fees and ether’s price all surged. Monthly revenue has not reached this level since the previous record from January 2018 near ether’s previous all-time high, according to data estimates by CryptoX. Revenue estimates assume Ethereum miners sell their ether immediately. On-chain
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The NYSE-listed lottery firm may also acquire another 10,000 miners this year. Source
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Quick take:Bitcoin Miners’ Position Index has hit an 8 year highAccording to the CEO of CryptoQuant, miners have been selling their Bitcoin since BTC hit $42kThe selling is ongoing and the main reason BTC is bearish at least in the short termOver 116k BTC options expire this Friday and could
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Summary:The number of Bitcoin transactions by BTC miners to all crypto exchanges has hit a yearly highSelling could be linked to profit-taking ahead of the Chinese new year that begins next monthBitcoin analyst, MagicPoopCannon, forecasts a dip to $22k before any further growth by BTCThe month of January 2021, has
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Over the last few days, whales and miners have been depositing the largest amount of Bitcoin this year, yet despite all the selling, price is soaring. The reason? Elon Musk has changed his Twitter bio to include the cryptocurrency’s hashtag and it has ignited a flood of FOMO from retail
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Bitcoin’s price dropped as much as 10% during early trading hours on Tuesday as bitcoin miners started selling a large amount of the cryptocurrency for the first time since October. There is not enough demand to absorb the additional coins on the market because institutions want an idea of how
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“Miners are selling” is a popular trope used to explain bitcoin’s occasional downward price action. But on-chain data doesn’t support this narrative, according to analysts and mining pools themselves.After bitcoin’s correction earlier this week to the tune of nearly 30%, miners were a popular scapegoat. But miners have been extremely consistent
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Bitcoin miners representing roughly 91% of the network's hashpower have demonstrated support for Bitcoin’s biggest upgrade in years, Taproot.These activation methods vary the length of time required and whether or not to include a measure that would force the upgrade through full nodes with a “user activated soft fork.”Given miner
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Reps. Rudy and Freeland's bill would exempt crypto miners from paying either Kentucky sales or excise tax. Source
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The recent euphoria in cryptocurrencies morphed into a severe sell-off, as bitcoin prices dove 12% on Monday, which would be the most for a single calendar day since March.Prices for the largest cryptocurrency had soared last week to an all-time high of $41,962, and that level was apparently sufficient to prompt some
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