Hodling action on Bitcoin is similar to prior market bottoms: Glassnode
At the time of writing, BTC’s price has just surpassed $21,000; as a result, 45 percent of Bitcoin holders, according to Glassnode, have experienced a “on-paper loss.” According to blockchain analytics company Glassnode, the bulk of Bitcoin has been “hodled” for at least three months in a manner that is very similar to prior Bitcoin […]
Crypto framework in Paraguay is one step closer to becoming legislation
Legislators in Paraguay have been debating a complete legislative crypto framework that takes businesses and dealers into account for a year. On July 14, the Paraguayan Senate approved a bill creating a tax and regulatory crypto framework and crypto mining companies. The legislation, proposed by Senator Fernando Silva Facetti in July of last year and […]
Bitcoin is experiencing its longest ‘extreme fear’ phase ever
The price of Bitcoin has been stuck around $20,000 for seventy days straight, with no sign of an end in sight. Although Bitcoin (BTC) has avoided further declines since hitting $17,600 last month, sentiment is at an all-time low. Now, a well-known mood indicator for the cryptocurrency market is illuminating the length and rigor of […]
Community expectation increases for Otherside’s First Trip demo run
On July 17 at 4 p.m. UTC, The Otherside, a gamified metaverse project connected to the Bored Ape Yacht Club, will launch a technological presentation of the first phase of its roadmap. The Otherside describes the First Trip event as a “celebration of what’s to come and an occasion for Voyagers to gather, explore, and […]
Cred Protocol releases its first decentralized credit scores
Cred Protocol, a decentralized credit rating system, has published the results of its first credit score on the Aave Protocol and plans to extend to Compound and MakerDAO. Cred Protocol, a business engaged in decentralized credit scoring, recently released the findings of its initial automated credit scoring system (DeFi). The findings, as described in a […]