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⛏According to Hashlabs, the distribution of mining power in the world is as follows: 40% is concentrated in the USA, primarily due to significant investments in modern and energy-efficient equipment. Despite the cryptocurrency ban in China, it still accounts for 15% of the global Bitcoin mining hashrate. Europe lags behind in this regard due to expensive electricity costs.
Top countries by hashrate distribution:
1. USA: 40%
2. China: 15%
3. Russia: 12%
4. Canada: 5%
5. Kazakhstan: 3.5%
6. UAE: 3%
7. Malaysia: 3%
8. Norway: 1.5%
9. Ethiopia: 0.3%
#Mining
📈Crypto_whales
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Crypto security tip: Spam scam coins
If you actively interact with your noncustodial wallet, you’ll soon start receiving various scam coins in varying quantities.
Scammers use them for a variety of purposes—e.g., to confuse you into sending funds to their wallet. Or to get you interested in the coin and visit their site.
We recommend you never visit sites representing these suspicious scam tokens. Crypto beginners are curious and interested when they see that a few thousand coins were sent to them “just for fun”; however, don’t believe everything at face value—99.99% of the time, it’s to deceive you.
📈Crypto_whales
📉💸 Grayscale Outflows Surge to $7 Billion, Signs of Slowing 🐌
Grayscale's Spot Bitcoin ETF, GBTC, has witnessed massive outflows 🌊 of over $7 billion, yet it still boasts a hefty treasure chest 🏦 of $23 billion in assets.
Although the bleeding has slowed, experts like Nate Geraci, President of ETF Store, brace for possible further dips 📉. A staggering $5.64 billion exited GBTC in January alone, with February seeing a somewhat lighter drain 💼 of $1.37 billion so far.
📈Crypto_whales
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🔵 Coinbase Global reported robust financial results for Q4 2023, exceeding expectations and demonstrating strong growth across key metrics:
⚫️Revenue reached $953.8m, marking a 51.6% increase year-over-year
⚫️Earnings per share (EPS) stood at $1.04, a significant improvement from -$2.46 in the previous year
⚫️The company surpassed Wall Street estimates with revenue and EPS surprises of +30.31% and +1255.56%, respectively
⚫️Key metrics such as trading volume and net revenue from transaction revenue and subscription services demonstrated notable growth compared to the previous year
📈Crypto_whales
💡💡💡
US announced the inflation figures:
⚫ CPI: 3.1% YoY, 0.3% MoM
⚫ Forecasted CPI: 2.9% YoY, 0.2% MoM
Stock futures, with contracts tied to the tech-heavy Nasdaq-100 are falling further after the inflation data came in hotter than expected. Core prices, which exclude food and energy items, rose 3.9%. That was also above the 3.7% increase economists expected.
📈Crypto_whales
The data indicates that the top companies with the largest debt outstanding leading to bankruptcy since 2016 are:
⚫ Evergrande - $80.6bn
⚫ AIG - $37.7bn
⚫️ CEFC China Energy - $32.1bn
⚫️ Eskom - $31.0bn
⚫️ iHeartMedia - $22.5bn
📈Crypto_whales
Spain is proposing tax law reforms to enable the seizure of cryptocurrency assets for settling tax debts.
The plan designates electronic money entities as tax collection agents with the authority to execute embargoes on digital money and crypto assets as required by the government.
📈Crypto_whales
The 💰 BTC purchases by BlackRock aren’t slowing down.. in fact in the last update they’ve increased
2 days ago they bought 4604 BTC, bringing their holdings to 56,629
Yesterday they added 6859, bringing their total holdings to 63488 BTC
The latest daily buy amount was 7.6x larger than daily supply (900 BTC)
After the halving in April that would be equivalent to 15x daily supply
And this is just one ETF. Fidelity isn’t far behind IBIT in volume
There’s been $700 million of net inflows in the 3 days of this week so far
📈Crypto_whales
BREAKING: 🚨 German Police Seize 50,000 💰 Bitcoins Worth Over 2.17 Billion Euros, Allegedly Purchased with Money Earned from Operating a Film Piracy Website Until 2013 🎥
In a groundbreaking operation, the German police have confiscated around 50,000 Bitcoins, valued at approximately 2 billion euros. This incident marks one of the largest seizures of its kind in the country.
🇩🇪 The Bitcoins were seized following investigations into two individuals suspected of operating a piracy website and engaging in money laundering activities. The suspects voluntarily transferred the Bitcoins to a federal authority. Investigations are ongoing, with more details to be released soon.
📈Crypto_whales
Harvest Fund Management’s Hong Kong has reportedly filed for a spot 💰 Bitcoin exchange-traded fund (ETF)
The report suggests that the SFC is leaning towards approving the ETF for listing on the Hong Kong Stock Exchange post the conclusion of the Chinese New Year, slated to end on Feb. 11. According to Tencent News, there is a possibility that the SFC might follow the U.S. in the way of approving applications from multiple companies simultaneously.
📈Crypto_whales
According to Glassnode’s Bitcoin risk assessment:
⚫️Over 90% of BTC holders are profitable, signaling potential market demand exhaustion and increased rollback risk
⚫️Demand for BTC block space is growing
⚫️Over 90% of new investors are profitable, indicating high risk, with a recent downward trend
⚫️Transition from speculative ETF peaks to cautious trading suggests weakening profit-taking
⚫️Long-term holders face high risk with substantial unrealized profits, despite a steady trend over the last 7 days, signaling an early bull market stage
📈Crypto_whales
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AlphaQuest counted the number of “dead” cryptocurrencies.
For crypto projects, 2023 was the hardest year over the last 4 years. During this period, developers abandoned 59.35% of tokens tracked on CoinMarketCap.
Analysts studied more than 12,000 projects, identifying the “dead” ones based on four criteria:
— Low liquidity/trading volume
— Dysfunctional site
— Delisted from CoinMarketCap
— Deleted X account (no updates in X for more than three months).
It turns out that almost 60% of projects have been abandoned.
This is why we constantly remind you that any investment in crypto is high risk and to always DYOR.
📈Crypto_whales
The SEC postponed the approval decision for Invesco and Galaxy's spot Ethereum ETF.
Bloomberg's Seyffart sees SEC's delay on Invesco Galaxy Ethereum ETF as expected, pinpointing May 23rd as the crucial date for the next focus.
📈Crypto_whales
🔷Ethereum-based ETFs are increasingly popular around the globe. Here's a quick overview of the countries that have embraced this financial movement:
- Sweden
- Canada
- Switzerland
- Jersey
- Liechtenstein
- Germany
- United States
- Bermuda
- Brazil
- Hong Kong
- Guernsey
- Australia
- Malaysia
This list clearly illustrates the growing acceptance of cryptocurrency through ETFs on a worldwide scale.
📈Crypto_whales
🥇 Fact: Bitcoin network has a 99.99% uptime since its launch in 2009.
📈Crypto_whales
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📈Crypto_whales
🚀 Will Bitcoin Follow Its Previous Trajectories? 🌟
The current price action in BTC, based on the pre-halving year low, is tracking similarly to the movements observed in 2015 leading up to the 2016 halving and in 2019 leading up to the 2020 halving. 📈
After 364 days from the 2023 low, the BTC price has rebounded by 154%, compared to 151% from the 2015 low and 186% from the 2019 low at the same point in time. 🎢
The previous three halving events occurred between 376 and 542 days after the low was reached: the 2012 Halving took place 376 days after the 2011 low, the 2016 Halving occurred 542 days after the 2015 low, and the 2020 Halving happened 459 days after the 2019 low. 📅
Anticipated for 467 days after the 2023 low, the 2024 halving is expected to fall within 75 days of the 2016 halving date from the low and within 8 days of the 2020 halving from the low. 🚀
This will be the true start of the bull market, as historical data shows a bullish trend starting right after the halving… 💸
🗣 Share Your Thoughts with the Community! What do you think, will Bitcoin follow its previous trajectories? Let us know in the comments! 💬👇
📈Crypto_whales
Rich Dad, Poor Dad author: "💰Bitcoin is protection against the theft of our wealth via our money. That is why I save in BTC, not stocks and fake dollars." 🔥
📈Crypto_whales
BREAKING: 🆘 A Hong Kong court has ruled that Evergrande, China's largest real estate developer, must be liquidated.
The stock is now down another 20% today on the news and trading has been halted.
The Real Estate Giant Owes Over $300 Billion
📈Crypto_whales
Banned BTC cycle indicator 😃
Bitcoin Rainbow Chart Indicator uses a logarithmic BTC growth scale with a rainbow superimposed on it to visualize the current market phases.
Following this indicator:
🔵 - buying zone.
🟢→🟡 - active growth phases.
🟠→🔴 - peak of the bull market.
So, if your long-term bitcoin strategy involves a price of $100k and above, now is still a good time to buy.
Note that this indicator has performed well the past three cycles, but market conditions change and this can affect its accuracy.
Also, each successive cycle has had a lower peak, and in 2021, price did not even enter the maximum market overheating zone (🔴). If the trend continues, the next ace will end in the $129k - $241k range.
Save it so you don't forget 🆗
📈Crypto_whales