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On Thursday, the Arbitrum airdrop claiming process went live and ARB markets dropped more than 85% lower than pre-IOU market prices recorded the day before. Arbitrum airdropped just over a billion ARB tokens, or 11.6% of the total supply. At noon ET, more than 474 million tokens had been claimed. Wild Volatility for ARB Token: [...]
The post Arbitrum Airdrop Goes Live: ARB Price Drops More Than 85% appeared first on Crypto Breaking News.
On April 1, 2022, records show that 19 million bitcoin have been mined into circulation. With the max supply set at 21 million, there’s only two million bitcoins left to be found by mining participants. Satoshi’s Mathematical and Predictable Design — 19 Million Bitcoins Have Been Issued The Bitcoin (BTC) network reached a milestone on […]
A new study shows that only about 10,000 Bitcoin (BTC) holders own as much as 5 million of the total 18.9 million BTC in circulation. (Read More)
Ethereum’s record-breaking surge is being attributed to diminished supply and high token circulation. (Read More)
On-chain metrics provider Santiment believes Bitcoin’s dominance and price have been driven by a surge in token circulation. (Read More)
On-chain metrics provider Santiment believes that Bitcoin’s price could witness a surge given that its circulation reached levels last seen in July. (Read More)
Quantum Computing Poses a Threat to Bitcoin Wallet Security In a recent interview, Tether CEO shed light on the potential risks that the rise of quantum computing could pose to the security of Bitcoin wallets. With the computing power of quantum computers advancing rapidly, traditional encryption methods used to secure Bitcoin wallets may no longer [...]
The post Tether CEO predicts quantum computing to recover lost Bitcoin and boost circulation appeared first on Crypto Breaking News.
Over the last six months, the value of an ounce of gold has witnessed a 3.8% surge in relation to the U.S. dollar. Within the realm of cryptocurrencies, there exist two noteworthy tokens backed by gold: pax gold (PAXG) and tether gold (XAUT). Together, these tokens amass a considerable worth of nearly $1 billion. Although [...]
The post Scarce Open Market Supply of Top Two Gold Tokens as Concentration Levels Run High Among Top Holders appeared first on Crypto Breaking News.
During the past 11 days, over 7 billion USDC stablecoins have been withdrawn from circulation, with most of the redemptions occurring following the depegging event of USDC on March 11, 2023. Furthermore, since March 6, a total of 439.48 million BUSD stablecoins have been redeemed. Stablecoin Depegging Event Triggers Billions in Redemptions The stablecoin landscape [...]
The post Stablecoin Supply Plummets After Depegging Event: $7.4B Dollar-Pegged Tokens Withdrawn From Circulation appeared first on Crypto Breaking News.
Statistics recorded on April 15, 2023, show that the number of coins in circulation for the stablecoin BUSD dropped below the 7 billion range to 6.68 billion, marking the lowest number of BUSD in circulation since April 2021. Furthermore, data indicates that the supply of BUSD has shrunk by 19.8% over the past 30 days. [...]
The post With Close to 10 Billion Stablecoins Redeemed, BUSD’s Supply Drops to Lowest Level Since April 2021 appeared first on Crypto Breaking News.
The crypto winter inflicted a brutal toll on the digital currency landscape, leaving numerous coins with values utterly obliterated. Within this ravaged financial terrain, one specific category — rebase tokens — suffered a tremendous deflation in worth over the previous 20 months. In a stark illustration of this downturn, the total value of the leading [...]
The post Rebase Tokens: A Stunning Collapse From $8 Billion to $351 Million in 20 Months appeared first on Crypto Breaking News.
On-chain data shows the Bitcoin circulation rate has continued to be low recently, something that may be bad news for the current BTC rally. Bitcoin Circulation Has Remained Low Despite Recent Price Surge According to data from the on-chain analytics firm Santiment, 105,000 BTC is moving per day currently. The relevant indicator here is the [...]
The post Bitcoin Circulation Rate Remains Low, Why This Could Be Bad For Rally appeared first on Crypto Breaking News.
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