CRYPTOCURRENCIES
76.7% of Bitcoin Supply is Illiquid- What This Means
On-chain analyst William Clemente III noted that Bitcoin price could continue going up in the long term because 76.7% of Bitcoin is illiquid.
A High Correlation Regime Between Bitcoin and Ethereum Persisted Since 2018
Bitcoin (BTC) and Ethereum (ETH) have had a strong correlation since 2018, despite the emergence of a new bull run last year, as acknowledged by crypto data provider Skew.
South Korea will Impose a 20% Tax on Capital Gains from Cryptocurrencies Next Year
The South Korean administration is not relenting on its quest to levy a 20% income tax on capital gains from crypto transactions in 2022 despite growing investor concerns for the taxation plan to be delayed.
Bitcoin Supply Gets Back to Long-Term Holders
Bitcoin supply is finding its way back in the hands of long-term holders.
Bitcoin Inflows Into Exchanges Hits a 5-Month Low
Bitcoin inflows into crypto exchanges dropped to a 5-month low.
Apple Seeks Crypto Talents In Charge Of Alternative Payments Business
Apple Inc. is on the hunt to hire a business development manager with crypto experience in the alternative payment business.
Analyst Believes Capital Flocks to Ethereum’s DeFi Sector
Market analyst Lark Davis noted that big money flow was piling in Ethereum’s decentralized finance (DeFi) sector, and that's bullish.
China’s Crypto Mining Clampdown Sparked by Illegal Coal Extraction
China’s latest crackdown on cryptocurrency mining was prompted by an increase in the illegal coal extraction.
One in Four South Korean College Students Has Invested in Cryptocurrencies
A study shows 23.6% of South Korean college students are investing in cryptocurrencies.
All Crypto Assets Correlation Meets Greater Than 60% with Bitcoin
The correlation between Bitcoin and other cryptoassets like Ethereum (ETH) and Litecoin (LTC) is above 60%, as acknowledged by Messari Crypto researcher Mira Christianto.
Ugandan FIA Urges Central Government To Regulate Cryptocurrencies
Uganda's FIA urges the central government for comprehensive regulation of the digital currency industry nationwide.
Bitcoin’s Average 30-Day Trader Returns Haven’t Dipped This Low Since Black Thursday
On-chain metrics provider Santiment revealed that the latest correction in the market has made Bitcoin’s average 30-day trader returns slip to lows not seen since Black Thursday.
David Rubenstein Says Cryptocurrencies Are Here to Stay Despite Price Crash
David Rubenstein remained bullish on cryptocurrencies, stating that the burgeoning asset class is not going away any time soon. Rubenstein said that there is an appetite for cryptocurrencies, thus serving as an alternative to the current traditional financial system.
Ethereum Whale Transactions Ballooned to Levels Since January 2018
On-chain metrics provider Santiment acknowledged that ETH whale transactions went through the roof in the past week.
Bitcoin Lost Over $500 Billion in Market Capitalization With the Latest Correction
The downtrend witnessed in the Bitcoin market has caused the top cryptocurrency to shed more than $500 billion in market cap.