Cryptocurrency Analysis and News Portal
Over the last few weeks, Americans have read about the U.S. Internal Revenue Service (IRS) upping its tax enforcement to catch cryptocurrency users who have not paid taxes. According to one report, the IRS may get access to bank inflows and outflows via Joe Biden’s American Families Plan. On top
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On-chain data shows despite the Bitcoin drop to $47k, Coinbase saw outflows of around 31k BTC, a sign that the market could still be bullish. Outflows Of 31k BTC On Crypto Exchange Coinbase As pointed out by a CryptoQuant post, the popular crypto exchange Coinbase has observed huge Bitcoin outflows today. As is
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Bitcoin on-chain data shows that miners have transferred a huge amount of coins to cryptocurrency exchanges. On-chain Data Suggests Miners Transferred 11,816 BTC To Exchanges As pointed out by a CryptoQuant post, 20 July saw a huge outflow from Bitcoin miners. The total outflow from that day is around 12k. Here is a
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Bitcoin price is still hanging onto $18,000 and is only a couple of grand shy of finally taking
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Cryptocurrency exchange OKEx recorded a major bitcoin outflow just minutes after it lifted a five-week-long withdrawal suspension at 08:00 UTC Thursday.About 2,822 bitcoins were moved from OKEx in block number 658,728 mined at 08:12 UTC. That’s the biggest single-block outflow since May 2019, according to blockchain analytics firm CryptoQuant. Of
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Bitcoin as a cryptocurrency underpinning a blockchain network secured by miners leaves the asset’s price susceptible to sell
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Onchain data shows that bitcoin miners are hoarding despite the 50% loss in revenue that started on May 11, during the third reward halving. The seven-day average of bitcoin miners’ outflow volume and mining funds sent to exchanges remains significantly low.Roughly four weeks ago on June 19, the total
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Miner outflows of bitcoin have dropped to decade lows, with analysts suggesting a hoarding mentality is partly responsible. The seven-day average of the total amount of bitcoin transferred out of miners’ addresses declined to 987 on Thursday, hitting the lowest level since Feb. 3, 2010, according to data source Glassnode. The
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Cryptocurrency exchange FCoin, which revealed its insolvency this week, may have already been leaking bitcoin as early as July 2018 – just two months after its debut.On-chain analysis and security startup PeckShield released a report on Friday, suggesting FCoin's bitcoin (BTC) wallets had a significant outflow of nearly 10,000 BTC
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On December 17, when the bitcoin price fell to as low as $6,500 across major crypto exchanges, the outflow of BTC from exchanges spiked to $606 million.According to data from TokenAnalyst, the outflow of bitcoin nearly tripled on Tuesday from the day prior. Coincidentally, the bitcoin price surged to $7,490
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