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The post This Is Why Bitcoin And Ethereum Mining Revenue Has Crashed To This Low In 2022 appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide The miners of Bitcoin and Ethereum have suffered a significant drop in revenue in May. The reason being, the values of both Bitcoin & Ethereum prices plunging to new lows in their respective markets. May 2022, was one of the awful months for Bitcoin miners. BTC miners made $906.19 million in income in May, according to the reports. Bitcoin miners made a loss of $253.81 million in May, compared to a value of roughly $1.16 billion in April 2022. Since May 2021, when $1.45 billion in profit was reported, Bitcoin’s overall profitability has dropped by 37% in the last year. The best single-day high in May 2022 was 11% lower than the greatest single-day high in April. According to YCharts, for April $46.01 million was the single-day high. May’s single-day high was at $40.53 million, which was 32% lower tha...
The post Bitcoin Price To Drop At $14k, Yet A Good Buy Option, Quotes Analyst! Here Is Why appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide Bitcoin (BTC) price is expected to hit a “cycle bottom” this year, with a decline of nearly 50% from present levels, according to research. On June 1, there was a prediction from Venturefounder, a contributor at on-chain analytics platform CryptoQuant, that Bitcoin will “capitulate” around 2022 in a Twitter conversation. The year 2022 looks like bearish black sheep, according to historical trends regarding Bitcoin’s halving cycles, Venturefounder stated. BTC/USD should find a macro floor in 2022, similar to 2018 and its bear market. Based on prior falls from all-time highs, this may be from between $14,000 to $21,000. “We are still on time to BTC performance compared to previous cycles with 670 days till the next Bitcoin halving,” one tweet explained: BTC will succumb in the next 670 days and str...
The post Why Cardano May, not Mirror the Price Rally it Underwent After the Alonzo Hard Fork Ahead of Vasil Hard Fork? appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide Cardano has lost more than 40% of its value since the beginning of this month, but still, the crypto-verse is still bullish on the ADA price . Now when the fresh monthly trade has ignited with a significant bullish move, the upcoming Vasil Hard Fork may turn the tables for the asset. It is believed to improve the scalability and usability of the network. However, the price was severely impacted negatively soon after the Alonzo Hard Fork and since then the IOHK, EMURGO & the Cardano Foundation have elevated their development efforts. And hence, the Total Value Locked (TVL) has flipped in the last few days of May that stand at $144.78 million at the press time. The growth of the various DApps locked on the Cardano blockchain has deeply impacted the ADA price. An...
The post KuCoin Exchange Eyes Web 3.0 Environment With Launch of KuCoin Wallet appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide The global KuCoin exchange has entered the Web 3.0 market with the announcement of KuCoin Wallet – a fully decentralized self-custodian wallet application. KuCoin Wallet is set to go live later in June. The KuCoin Wallet official website will be launched on June 1. The parent exchange has already announced that open beta testing of KuCoin Wallet is scheduled to start in the coming days, fast-tracking the KuCoin ecosystem into the Web 3.0 environment. The announcement also reveals that KuCoin Wallet is set to be a convenient and intuitive wallet application with multi-chain aggregation support and the functionality giving users the ability to buy, store and exchange various cryptocurrencies, as well as NFTs. KuCoin Wallet is expected to provide a one-stop solution for Web 3.0 accessibility, giving users the chance to lever...
The post Ripple vs SEC : The Case Gets A New Twist As SEC Claims Hinman Was A Client appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide The long-running legal battle between the Securities and Exchange Commission (SEC) of the United States and Ripple is still going on. A fresh meeting between the US Securities and Exchange Commission and Ripple attorneys has been arranged. This is done by Magistrate Judge Sarah Netburn to consider further allegations of attorney-client privilege. Confidential records relating to William Hinman, a former SEC official, will be at the center of the debate. As per the reports, the SEC filed a second move in late April to keep the Hinman communications under wraps by alleging attorney-client privilege Ripple vs SEC Case Gets Intense The SEC claims the records were in preserve because they contain sensitive discussions between Hinman and SEC attorneys. Bill Hinman, SEC employee at the time, at the Fintech Week Conferen...
The post This Is Why Coinbase & Microstrategy Is Set To Face The Music, Per This Renowned Short Seller appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide Jim Chanos, a renowned short seller, anticipated that Coinbase and MicroStrategy will see serious challenges this year. Jim Chanos recently mentioned on a Corner podcast that he expects the shares of cryptocurrency exchanges to see severe pressure owing to decreased fee revenue. Chanos further says, when compared to standard brokerages, Coinbase’s trading commission margins are too high. Due to increased competition in the market, he believes Coinbase’s 1.5% trading commission margins will likely decrease to 0.5%. Chanos acknowledged that in March he held a short position in the company. MicroStrategy is a “high wire act,” according to Chanos, who notably shorted the Enron crash in 2001. Large-scale accounting fraud was made by the $74 billion Wall Street favorite. CEO Jeffrey Skilling...
The post With Luna 2.0 Price Being Hit By Wild Volatility, Gamblers Hop in For Opportunity appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide Three days after its release, the new LUNA 2.0 price is seeing significant swings, making it a gambler’s dream. Many crypto exchanges have also been reporting different values since the airdrop on Saturday. The data from Kraken reveals that new LUNA currency began its trading at $17 before fluctuating between $30 and $4.80. Meanwhile, LUNA got listed on OKX exchange with the currency starting its trade at $1 before rising $5 to $20. Binance Lists LUNA Also there was a listing of new LUNA coins on Binance exchange on May 31. Despite the fact that cryptocurrency is vulnerable to high volatility, such extreme fluctuations in both areas are uncommon. Investors have been profiting as LUNA is rising in value. However, holders of the prior LUNA version and the UST stablecoin are repaying losses from the Terr...
