Tags : January

Market

Bitcoin Miners Saw Revenue Rise 62% in January From December

Bitcoin miners generated an estimated $1.1 billion in revenue in January, up 62% from December, according to on-chain data from Coin Metrics analyzed by CoinDesk. The surge in revenue came as bitcoin‘s price climbed from $29,000 to just below $42,000 in the first half of the month before levelling off through the last two weeks. […]Read More

Blockchain

Ethereum Miners Earned Record $830M in January

Ethereum miners earned a record $830 million in January as network activity, fees and ether’s price all surged.  Monthly revenue has not reached this level since the previous record from January 2018 near ether’s previous all-time high, according to data estimates by CoinDesk.  Revenue estimates assume Ethereum miners sell their ether immediately.  On-chain data reviewed […]Read More

Regulation

What does the January 15 deadline hold for Tether, the

Tomorrow is an important date for the issuers of Tether, a USD-pegged stablecoin. But what does it mean? Tether, the crypto heartbeat Tether Limited, the company behind the widely-used Tether (USDT) stablecoin, will submit several documents explaining its legality to the New York Prosecutor’s Office tomorrow, Jan. 15, before the deadline expires. It is believed […]Read More

Market

As Bitcoin Regains Lost Ground, Options Traders Bet on $52K

Despite bitcoin’s 20% crash on Monday, some options traders are betting on a continued price rally in coming weeks. At the press time price of $35,580, bitcoin is up nearly 16% from the low of $30,305 observed on Monday. Even so, the number one cryptocurrency by market value is still well short of the weekend […]Read More

Market

Ether Price Passes $1,150 to Hit Highest Since January 2018

Ether, the native cryptocurrency of the Ethereum network, chalked up fresh multi-year highs early on Monday after a double-digit rally last week. At around 06:35 UTC, ether, the second-largest cryptocurrency by market value, reached $1,151 – a level last seen in January 2018, according to CoinDesk 20 data. Prices rose over 40% last week to […]Read More