Amid the ongoing regulatory uncertainty to cryptocurrencies in India, a high court in the country’s capital is taking action to regulate advertising by local crypto exchanges.The Delhi High Court has issued notices to local authorities and crypto firms in an effort to enforce guidelines for crypto exchanges advertising on national television, the New Indian Express reported … [Read more...] about Indian high court seeks ad disclaimers from crypto exchanges
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Bitcoin network node count sets new all-time high
The number of reachable Bitcoin network nodes has crossed the 13,000 mark for the first time. As previously reported by Cointelegraph, the previous all-time high was 11,613 achieved back in January.According to data from Bitcoin network statistics dashboard Bitnodes.io, this milestone was reached back on July 5 when the number of reachable nodes clocked in at 13,374. At the … [Read more...] about Bitcoin network node count sets new all-time high
New Bitcoin entities near all-time high as analyst heralds ‘positive whale activity’
Bitcoin (BTC) on-chain activity is "dead" but on-chain indicators are overwhelmingly positive right now, says analyst William Clemente.In the latest edition of Anthony Pompliano's weekly newsletters, Clemente highlighted multiple metrics showing no reason to be bearish about Bitcoin this month.50,000 new Bitcoin entities every dayWith BTC price action failing to impress, there … [Read more...] about New Bitcoin entities near all-time high as analyst heralds ‘positive whale activity’
This crucial Bitcoin metric reached a high. But traders don’t seem to care
Bitcoin spot exchanges outflow transaction count hit a year high, data from CryptoQuant, a popular on-chain data analysis tool for Bitcoin and other cryptocurrencies, showed.$BTC spot exchanges outflow transaction count hits a year highView chart👉https://t.co/GMN0Qjtjqy pic.twitter.com/pBXnnngBaQ— CryptoQuant.com (@cryptoquant_com) July 6, 2021As the network re-adjusted its … [Read more...] about This crucial Bitcoin metric reached a high. But traders don’t seem to care
Bitcoin analyst says ‘supply shock’ underway as BTC withdrawal rate spikes to one-year high
As Bitcoin (BTC) continues trading sideways inside the $30,000–$40,000 range, new data is emerging about the potential for a bullish breakout.Is Bitcoin silently readying for a breakout like in Q4 2020? Willy Woo, an on-chain analyst, anticipates a potential supply shock in the Bitcoin market, as long-term holders continued raking BTC supply from short-term ones. Woo stated in … [Read more...] about Bitcoin analyst says ‘supply shock’ underway as BTC withdrawal rate spikes to one-year high