On April 14, the price of Ether (ETH) just hit an all-time high at $2,400 and although the price has increased more than three-fold since the beginning of this year, the current speculative premium suggests, there is a lot of room for upside.Ether's speculative premium is far from overheatedWhile the current price of Ether is at around $2,375, the Realized Price, meaning the … [Read more...] about $5,000 Ethereum by the end of May? On-chain data suggests so
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Bitcoin inches to $61,000, but on-chain data turns ‘mostly bearish’
Bitcoin inched closer to its $61,711 all-time high price over the weekend amidst strong adoption and favorable sentiment for the world’s largest cryptocurrency by market cap.Booming Bitcoin and uptrending chartsSeveral companies have dipped into the asset last year, with names like business analytics firm MicroStrategy and electric maker Tesla picking up billions of dollars … [Read more...] about Bitcoin inches to $61,000, but on-chain data turns ‘mostly bearish’
Riot Blockchain is set to acquire a Texas data facility for $650M
Riot Blockchain is continuing its Bitcoin (BTC) mining expansion efforts. Reports suggest that the United States-based miner is set to purchase Whinstone US Inc, currently owned by Northern Data.The planned purchase was announced by Riot Blockchain on Thursday via a press release, with the U.S. Bitcoin miner paying $80 million in cash. The remainder will come from the sale of … [Read more...] about Riot Blockchain is set to acquire a Texas data facility for $650M
Bitcoin on-chain data suggests no bull market top at $60K, selling activity declining
For the very first time in a Bitcoin (BTC) bull market, not only long-term investors but also short-term speculators who usually add to the daily sell pressure toward the end of a market cycle have become increasingly confident of higher prices as they hold on to their Bitcoin.This only adds to the already existing supply shock. If demand remains strong, this is a recipe for … [Read more...] about Bitcoin on-chain data suggests no bull market top at $60K, selling activity declining
Paxful denies reports of customer data leak
An anonymous online source was recently spotted trying to sell private customer and employee data allegedly obtained from crypto exchange Paxful. A spokesperson from the company told Cointelegraph that no customer data has been jeopardized, however.“Our customers’ data has not been compromised in any way,” said the spokesperson on Friday. “There has been no data breach of the … [Read more...] about Paxful denies reports of customer data leak