In a new episode of cryptocurrency recap of the week with Coinquista exchange: Bitcoin chart analysis (exceptionally today, discussed only as a video attached to the article). Bitcoin's computing power has increased by about 30% after its recent decline. The spike, after the last apparent bump, is attributed to the end of the rainy season in China's Sichuan Province. It is estimated that the province's cheap hydropower attracts about 80% of China's miners during the rainy season. The increase in mining activity indicates that the network will likely have to undergo a significant change in difficulty once again. Bitcoin is once again proving that it can function as a self-correcting machine that naturally attracts new interest to the mining network during periods of increased profitability. According to data released by Santiment, the amount of ETH held on exchanges is currently 13.35% of the total supply. The low percentage of ETH on exchanges is a bullish sign for Ethereum holders. This could mean that investors are storing their tokens in private portfolios in anticipation of the success of Ethereum 2.0. In addition, according to DeFiPulse.com, there are already 9.8 million ETH locked up across the sector, which is about 7.84% of the total supply. Chainalysis has created a comprehensive solution to track, prevent third-party seizure, handle, store, release and monitor assets seized by law enforcement. Chainalysis targets government agencies, as well as companies that collect debts from entities with which they have a debt relationship. Central bank digital currencies, or CBDCs, will replace cash in the future. This is the conclusion of a new report prepared by experts at Deutsche Bank. It is also believed that if other countries do not catch up with adapting their own monetary system to digital requirements their companies could be forced to adopt other countries' digital policies and currencies as default means of payment. Quoting at the same time: "after centuries of a cash economy, we are becoming ready to move into the next era of money." Tags coinquista cqx crypto news
No comments:
Post a Comment