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There was a significant uptick in ETH exchange outflows on Friday, with over 180,000 withdrawn, according to data from IntoTheBlock, a crypto data firm. "The last time such a magnitude of ETH left exchanges was in October 2021, which preceded a 15% price increase within 10 days," the firm tweeted. Source
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Push past $40,000 comes as major Asian equity markets open in the green at the start of Wednesday's trading session and the market awaits Fed decision. Source
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The firm’s new valuation coincides with its flagship Ethereum wallet and browser extension, MetaMask, reaching over 30 million monthly active users, while Infura, a widely used infrastructure tool created by ConsenSys, now boasts some 430,000 developers, according to a press release on Tuesday. Source
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Currently, it costs 32 ETH (about $82,000) to become a validator, though Swell and others are looking to lower that barrier to entry. Swell’s minimum commitment is 1 ETH. Significantly, the protocol will provide stakers with liquidity by granting them an interest-bearing token representing their stake. Original Source
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Bitcoin (BTC) rallied early on Wednesday, pushing the broader crypto market higher after U.S. Treasury Secretary Janet Yellen's leaked remarks revealed that President Joe Biden's impending crypto order would take a constructive approach in regulating the digital assets industry. Source
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Of the $220 million of bitcoin put on the company balance sheet in late 2020 and early 2021, Block didn’t book an impairment loss in Q4, leaving the full year impairment charge at $71 million, and carrying value at $149 million. As of year's end, the fair value of the
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A key player behind decentralized applications on Ethereum and other chains continues to swell. Source
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The price of bitcoin (BTC) dipped Friday after the U.S. jobs report for January revealed faster-than-expected growth, but the direction reversed as traders grew more confident that downside is limited. Source
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Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cryptox in one link.Top Stories This WeekNFT-focused Animoca Brands valued at $5B following
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Bitcoin (BTC) investors seem uncomfortable with adding positions after the most recent 40% correction from the $69,000 all-time high made on Nov. 10. In addition to the prolonged downtrend, remarks from the United States Federal Reserve on Dec. 15 about rising interest rates are also weighing on risk-on assets.The Fed
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