In my opinion, Bitcoin may even be even scarcer than I thought, because the data shows that in the past 10 years, there were less than8% of the total traffic is dormant.
#Bitcoinmining difficulty dropped 1.5% last week, following the full reinstatement of China’s mining ban last year. #China accounts for about 75% of the "average monthly hashrate share", a term used to calculate the computing power required to mine #Bitcoin
The #Bitcoin MPI indicator has seen a recent uptick and is now at the same value as in March 2021. Past patterns may suggest a bull rally could be in the offing here. What this metric tells us is how miners are selling now compared to the average over the past year.
Monthly transaction volume shows #NFT value is falling, but blockchain gaming projects ignore the downturn by improving their games and earning mechanics. The non-fungible token #NFT was in a strong bull run from January 1st to mid-February
#OpenSea traded over $5 billion before falling to $3.6 billion at the end of February. This may indicate that the overall sentiment in the #cryptocurrency and #NFT markets is correcting.
#NFT will be a "key component" of the sports industry - PwC, #NFT is a unique,non-fungible digital asset stored on the blockchain, creating a scarce element in the digital world for the first time in the history of the Internet, There are at least three use cases for these assets
I got a private letter from a rude person that read: I gave you a chart of bitcoin and you drew the trend of bitcoin on it, why is that? Are you directing me to do something?
If the EU passes this PoW ban, they will pull yet another China & essentially hand Texas the keys to the kingdom 🤣
No self-respecting sovereign nation outside of NATO, Russia, China is going to allow themselves be DoS-attacked by EU's surveillance CBDCs or other PoS altcoins.
Banning #Bitcoin mining is like the fiat version of a 51% attack.
They don't want to put in the work to DoS attack the network via hash, so they just use regulatorily captured politicians to attack honest hashers using oppressive laws.
It will backfire in their faces
The Russian army is paying a terrible toll due to Putin’s stupid miscalculations. Won’t be long till the Russian army’s fighting capabilities will be severely diminished with little ability to replenish.
Russia is BK by my book. The damage they have caused in Ukraine they can never afford to pay for. With no foreign financing. Russias economic collapse will put them into the Stone Age. It’s over for Russia