Friday, May 08, 2020 7:24:36 AM
The number of BTC that users store on exchanges has dropped to a 6-month minimum. According to Glassnode, the current balance is 2.36 million coins. The indicator has been declining since March 13, when the price of bitcoin fell below $4,000. At the same time, the network activity has grown to record levels since 2017. According to TokenAnalyst analysts, investors are withdrawing cryptocurrency from exchanges, since they are considering long-term storage of coins.
65% of Twitter users believe in the strengthening of BTC after halving
The topic of halving is growing in popularity on the social network Twitter along with increased Google searches. Over the past two weeks, the number of posts mentioning the word "halving" has grown tweets-fold, reports The TIE. On May 6, users posted 2,500 tweets: 65% of them are positive, that is, their authors expect that the event will positively affect the value of bitcoin. The TIE notes that the topic of halving at the end of April surpassed the popularity of coronavirus among crypto enthusiasts.
Ex-President of Bank of China: digital yuan will replace cash
The digital version of yuan, which is already being tested by the Chinese authorities, may completely replace cash in the future, said Li Lihui, the former President of the Bank of China. He noted that unlike traditional currencies, CDBC will not depend on a third-party bank or payment system. In this case, the virtual currency must meet four key conditions: “Whether the digital yuan can become the dominant form of currency and mainstream payment means, depends on whether it has greater efficiency, lower transaction costs, enough economic scale with commercial value, and people’ acceptance,” said the former President of Bank of China. He added that CDBC will have anonymity, like Bitcoin, but the regulator will set limits on the number and frequency of operations without confirming the identity.
Recent EOSUSD News
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- SEC sues Bitcoin miner Geosyn, accusing founders of $5.6M fraud • Cointelegraph • 04/26/2024 05:49:09 AM
- Raise a Glass to ENO: ENO’s New Era of Wine, NFTs, and Social Connectivity • NEWSBTC • 04/25/2024 06:08:36 PM
- Healix Protocol’s HLX Token Presale Soars as Former Crypto Giants Return • ZyCrypto • 04/09/2024 02:39:13 PM
- History of Crypto: The ICO Boom and Ethereum's Evolution • Cointelegraph • 04/02/2024 04:05:00 PM
- Apple co-founder wins major verdict against YouTube in Bitcoin scam lawsuit • Cointelegraph • 03/20/2024 10:28:49 AM
- Bitcoin Mining Firm CEO Predicts Start Of ‘Supercycle’, What It Means • NEWSBTC • 03/05/2024 05:00:37 PM
- Two AI-Related Crypto Assets Rally As OpenAI Launches Text-to-Video Artificial Intelligence Model • The Daily Hodl • 02/18/2024 01:00:35 AM
- Ordinals Could Create Completely Different Bitcoin Ecosystem, Says Binance Research – Here’s Why • The Daily Hodl • 02/11/2024 09:00:12 PM
- Prosecutors call for hearing over lawyers representing Sam Bankman-Fried and Alex Mashinsky • Cointelegraph • 02/07/2024 04:29:30 PM
- How To Create And Mint Your Own NFTs On The Ethereum Network • NEWSBTC • 02/04/2024 09:00:37 AM
- Algorand Foundation CEO’s X Account Compromised As Spree of Crypto Social Media Hacks Continue • The Daily Hodl • 01/27/2024 09:00:09 PM
- Google releases AI realistic text-to-video generator 'Lumiere' • Cointelegraph • 01/25/2024 02:00:00 PM
- Crypto Analyst Predicts Potential Trend For Bitcoin As Price Slips • NEWSBTC • 01/19/2024 05:00:07 PM
- Bitcoin Bearish Forecast: Analyst Signals Continued Downfall • NEWSBTC • 01/16/2024 11:30:14 AM
- Crypto Research Firm Says ‘Sell All Your Cardano (ADA)’, Here’s Why • NEWSBTC • 01/16/2024 08:30:50 AM
- 1 in 4 CEOs expect to sack staff due to AI this year — PwC survey • Cointelegraph • 01/16/2024 06:23:07 AM
- Michael Saylor has been removing 80 deep fake videos of himself daily • Cointelegraph • 01/15/2024 06:07:54 AM
- Web3 Projects Lose $2,020,000,000 in 2023 to Hacks, Rug Pulls and Phishing Attacks: Crypto Security Firm • The Daily Hodl • 12/30/2023 09:00:39 PM
- Crypto Analyst Predicts Major Price Shift For Cardano (ADA) • NEWSBTC • 12/28/2023 03:30:10 PM
- A Crypto Christmas Special With Jlabs Digital: Past, Present, And Future • NEWSBTC • 12/25/2023 06:01:05 PM
- Crypto's impact is 'tiny': Decentralize with Cointelegraph explores Web Summit 2023 • Cointelegraph • 12/19/2023 01:49:16 PM
- Analyst Thinks DOT Will Reclaim Former Glory With Polkadot 2.0 • NEWSBTC • 11/28/2023 07:00:08 PM
- AVAX Price Boost Could Be From This Department, But Its TVL Sings A Different Tune • NEWSBTC • 11/14/2023 12:44:58 PM
- Radiant Capital’s Earnings Exploding, Time To Load The RDNT Bag? • NEWSBTC • 11/09/2023 01:00:15 AM
NanoViricides Reports that the Phase I NV-387 Clinical Trial is Completed Successfully and Data Lock is Expected Soon • NNVC • May 2, 2024 10:07 AM
ILUS Files Form 10-K and Provides Shareholder Update • ILUS • May 2, 2024 8:52 AM
Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm • AVAI • May 2, 2024 8:00 AM
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM
Cannabix Technologies to Deliver Breath Logix Alcohol Screening Device to Australia • BLO • Apr 30, 2024 8:53 AM
Hydromer, Inc. Reports Preliminary Unaudited Financial Results for First Quarter 2024 • HYDI • Apr 29, 2024 9:10 AM