Lockheed Martin adopts blockchain for supply chain management in Switzerland

The defense contractor has secured access to SyncFab’s supplier intelligence platform to help manage OEMs in Switzerland.

Nvidia triples revenue forecast for crypto mining GPU sales

The California chipmaker says Q1 financials for fiscal 2022 are on track to surpass initial estimates with demand for crypto mining graphics cards on the rise. Nvidia says the positive performance of its various market segments has seen the company revise its initial forecasts for Q1 of fiscal 2022. The company made this known during its annual investor day on Monday revealing total revenue for Q1 is already tracking above the $5.30 billion forecast included in its previous end-of-year earnings call. This positive market performance has also extended to Nvidia’s graphics processing unit, or GPU, sector with the company raising its Q1 revenue estimate for its cryptocurrency mining processor, or CMP, product three-fold to $150 million. Indeed, as previously reported by Cointelegraph, Nvidia had set its initial forecast for crypto miner sales for Q1 at $50 million back in February. According to Nvidia’s press release, surging demand is at the heart of its optimistic outlook with Colette Kress, executive vice president and chief financial officer of the chipmaker adding: “Overall demand remains very strong and continues to exceed supply while our channel inventories remain quite lean.

Bitcoin is 'caged bull' ready to escape at $60K — Bloomberg Intelligence

Bitcoin is stuck in a "tame" post-halving scenario and has far to run before reaching its cycle peak, says the popular research outlet. Bitcoin (BTC) is a "caged bull" and the end of its current price run is nowhere near at $60,000, says Bloomberg Intelligence. In a tweet on April 12, senior commodity strategist Mike McGlone delivered his latest bullish verdict on the state of Bitcoin this month.  Analyst: 2021 bull market is "tame" According to McGlone, who eyed a declining BTC supply coupled with roaring demand from new investors, Bitcoin has far to go before it reaches a cycle top, or "plateau." "Still in Price-Discovery Mode, Bitcoin Plateau Appears Distant — Bitcoin supply is declining and demand is rising, leading us to expect continued price appreciation and the establishment of a higher plateau as the crypto matures," he commented. BTC/USD with Bollinger Bands and 30-day moving average chart.

Canaan reports $33M net loss for 2020 despite bullish Bitcoin price action

The Bitcoin miner manufacturer saw its year-on-year revenue tumble amid supply chain disruptions and a global chip shortage. Bitcoin’s bullish 2020 closeout was not enough to prevent Canaan from incurring a net loss in 2020. According to the company’s unaudited financial report for Q4 2020, the Bitcoin (BTC) miner maker’s net loss for 2020 was about $33 million.

Bitcoin on-chain data suggests no bull market top at $60K, selling activity declining

Bitcoin on-chain data reveals that speculators and long-term holders have become increasingly confident of higher prices as their selling activity has slowed down significantly. For the very first time in a Bitcoin (BTC) bull market, not only long-term investors but also short-term speculators who usually add to the daily sell pressure toward the end of a market cycle have become increasingly confident of higher prices as they hold on to their Bitcoin. This only adds to the already existing supply shock.

Why's Bitcoin stuck under $60,000? The gold market cap may hold the answer

Both Bitcoin's daily volume and the amount held by large addresses roughly match 10% of gold's. After rallying more than 100% in 2021, Bitcoin (BTC) seems to be struggling to turn the $60,000 level into support.

Cardano’s Anti-Counterfeit Solution Sees First Successful Implemetation

Cardano aims to fight counterfeit products by enhancing traceability with the release of a blockchain-based supply chain solution.

Binance Coin, Cosmos, Stacks Price Analysis: 08 April

Binance Coin could be temporarily rebuffed at a region of supply in the hours to come, and Cosmos climbed back above an important level at $19.8.

Binance Charity announces first crypto-donation to UNICEF

Binance Charity has announced what is the first crypto-donation to UNICEF to aid with its vaccine procurement and supply operation.

Miners are hoarding Bitcoin from record daily earnings

Miners are back in accumulation mode, with 5,000 BTC added to Bitcoin’s unspent supply since the start of February. Bitcoin miners are stashing away their coins for higher prices, with direct transfers from miners to exchanges plummeting nearly 40% since mid-March. Data from on-chain analytics provider Glassnode shows that miners’ BTC balances have been increasing since late March, following heavy outflows throughout January and consistently reduced selling during February and earlier in March. Glassnode CTO Rafael Schultze-Kraft, notes several metrics pointing to recent miner accumulation — including flows from miner addresses, unspent BTC supply, and miner position net change. Glassnode’s data shows that unspent supply — BTC that has never been transferred from the (miner’s) original recipient address — has begun to rise after seeing a sharp drop in January, when 15,000 previously dormant coins were moved from mining addresses for the first time.

Sweden’s central bank completes first phase of digital currency pilot

The Sveriges Riksbank said that CBDC technology still requires further investigation. After completing the first phase of its digital currency pilot project, Sveriges Riksbank has found some critical issues that must be addressed before Stockholmers can buy coffee and kanelbullar with e-krona. In a recent study, Sweden’s central bank presented the first results of its central bank digital currency pilot on a network based on R3’s Corda blockchain. The Riksbank simulated core aspects of a potential CBDC system, including liquidity supply via the Riksbank’s settlement system, RIX, and network members serving as e-kronor distributors.

Ethereum, BitTorrent Token, Chiliz Price Analysis: 05 April

Ethereum dipped back to the $2000 area of demand while Chiliz was unable to climb past supply at $0.5 and could be forced to drop below support in the coming hours.

Supply crunch incoming? Bitcoin miners stop selling

Bitcoin continues to consolidate in the high $50,000 area, meanwhile, its fundamentals are strengthening and seem to point towards a price breakout.

Stellar Lumens, BitTorrent Token, FTX Token Price Analysis: 03 April

Stellar Lumens flipped an area of supply to demand and looked to climb toward $0.5.

Bitcoin Facing Unprecedented Supply Shock, Will Surpass $2,000,000 Per Coin: On-Chain Analyst Willy Woo

Bitcoin trader and analyst Willy Woo says a growing Bitcoin supply crisis will launch the asset towards a multi-trillion dollar evaluation.

EOS, NEM, SUSHI Price Analysis: 01 April

EOS broke out past an area of supply and would look to retest it to confirm its flip to demand.

Banking Giant BNY Mellon Says Bitcoin’s Supply and Demand ‘Aligns Nicely’ With Gold

America’s oldest bank BNY Mellon has compared Bitcoin to gold, and cited the controversial stock-to-flow (S2F) model that puts a $288,000 price tag on BTC in 2021.

Bitcoin market cap exceeds Canada's M1 money supply once again

The Bitcoin market capitalization is once again sufficient to cover the M1 money supply of either Australia or Canada. Another day of gains for Bitcoin (BTC) has seen the price of the largest crypto by market capitalization go beyond the $1.1 trillion mark — $1.105 trillion to be precise. This market capitalization growth now means that Bitcoin’s market size has surpassed Canada’s M1 money supply which stands at $1.104 trillion according to data from CEIC. At the present figure, Bitcoin’s market capitalization is also greater than the M1 money supply of the Australian dollar which currently stands at $1.079 trillion. By exceeding Australia and Canada, Bitcoin's market capitalization is once again large enough to make BTC appear in the top-10 “stock of narrow money” rankings. M1 or narrow money refers to the total supply of physical currency in circulation as well as traveler's check and other forms of demand deposits held by non-banking institutions, public firms, private sector organizations among others. Bitcoin’s climb to the top-10 of the global M1 money supply charts offers yet another indication of the pace of BTC’s growth as a currency.

Stellar Lumens, Hedera Hashgraph, Ethereum Classic Price Analysis: 29 March

Stellar Lumens climbed back above the $0.38 level and was likely headed to test the $0.43 supply level in the coming days.

Bitcoin HODLers are not selling: Inactive BTC supply hits 3-month low

Bitcoin supply that has not moved for over two years has hit a 3-month low, indicating conviction from long-time HODLers. Long-time Bitcoin (BTC) HODLers are refraining from selling their holdings, on-chain data from Glassnode shows.

Limited Bitcoin Supply Will Push Price to Incredible Numbers, Says Ark Invest’s Cathie Wood

ARK Invest CEO Cathie Wood believes Bitcoin is set to surge, propelled by its finite supply and growing demand.

Bitcoin no longer a fringe asset due to US dollar debasement, says Soros Fund exec

Soros Fund Management's CIO said that Bitcoin is no longer out on the fringes, thanks to the debasement of the US dollar over the past year. Soros Fund Management chief information officer Dawn Fitzpatrick said Bitcoin (BTC) may once have been considered a fringe asset, but the inflation of the United States dollar has changed that. Speaking to Bloomberg, Fitzpatrick said her firm — an asset management fund created by global investor George Soros — had recently begun to take an interest in Bitcoin. “We think the whole infrastructure around crypto is really interesting, and we’ve been making some investments into that infrastructure — and we think that is at an inflection point,” said Fitzpatrick. That inflection point is coming as a result of fiat inflation, which has seen the US dollar money supply increase by 25% in the past year alone.

Australian government offers $6M in grants to innovative blockchain teams

The Australian government has made two grants of up to $3 million available to blockchain teams targeting minerals certification and excise taxation solutions. The Australian government has opened applications for grants  up to $3 million each in funding to blockchain projects targeting supply chain tracking in the minerals industry and tax tracking in the food and beverage sector. Applications are open until April 29, with any sole trader, partnership, publicly-funded research organization, or entity incorporated in Australia that possesses an Australian Business Number eligible to apply. The money will be used to fund two distinct pilots.

XRP, Aave, VeChain Price Analysis: 25 March

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice XRP briefly ascended past a region of supply and flipped it to d The post XRP, Aave, VeChain Price Analysis: 25 March appeared first on AMBCrypto.

India's central bank claims govt. shares its 'major concerns' about cryptos

Indian government and regulators have been trying to take a firm position on the use and supply of cryptocurrencies in the country.

Stablecoin Supply Rising, Diminishing Bitcoin Reserves Ready To Fuel Next Leg Up

Bitcoin price is back in the mid-$50,000 range, unable to push any lower despite bears best efforts and overheated technical indicators pointing to a potential trend reversal.

Long-term investors continue to hodl despite $1T Bitcoin market cap

Only 36% of Bitcoin’s supply has moved in the last 6 months, down from 50% during last bull season Bitcoin’s liquid supply continues to shrink, with only 36% of circulating BTC being moved on-chain in the past six months. According to data shared by on-chain crypto data aggregator Glassnode on March 21, the peak of the 2017 bull market saw 50% of Bitcoin’s supply circulating within the preceeding six months. In bull markets old coins tend to move more.

How Ethereum low supply on exchanges could drive up ETH price

Research firm Santiment has determined that Ethereum’s supply radius on exchange platforms is at a 28-month low.

Ethereum Supply Crunch Will Fuel Rise Above $10,000, According to Crypto Trader Lark Davis

Crypto analyst and trader Lark Davis says he expects Ethereum to appreciate by at least 400%.

Want to be rich? Data and Bitcoin’s supply cap show you only need 0.01 BTC

In 10 years Bitcoin’s finite supply will be nearly exhausted, meaning holders might only need 0.01 BTC to become filthy rich. Saving 0.01 Bitcoin (BTC) might cost only $5,000 today but according to the current global wealth distribution and the digital asset's limited supply, 0.01 BTC just might be enough to make one a millionaire in the future. According to Credit Suisse's "Global Wealth Report 2020", there are 51.9 million individuals with a net worth surpassing $1 million.

Pumpy Finance Protocol (PMP) Launches Yield Farming

[PRESS RELEASE – Please Read Disclaimer] Pumpy finance announced the launch of a low-fee Yield Aggregator with Limited Supply on the Binance Smart Chain.

Industry Forecast Reveals Impact of Corporate Adoption on Bitcoin Price and Supply

Diginex chief executive Richard Byworth is revealing his expectations on the impact of corporate adoption on Bitcoin’s price and supply.

Is Bitcoin breaking past 2017's market fractals?

Over the past few months, Bitcoin supply held by hodlers has changed hands on a regular basis as the digital asset navigated through a bullish rally.

BTC’s ‘Hands of Steel’- 37% of Bitcoin’s Supply Hasn’t Moved Since 2017, 55% Sat Idle After 2018’s Bottom

Just recently, the onchain data and research company Glassnode published a report that introduces variations of Bitcoin’s Spent Output Profit Ratio (SOPR) and Market Value to Realized Value (MVRV) Ratio.

Bitcoin now the prize for this sailing event

Another sign of BTC adoption? Touted as a digital store of value with scarce supply, Bitcoin has seen its fair share of comparisons to gold over the years.

Why it's crucial to keep track of Bitcoin exchange deposits at the moment

The discussion on Bitcoin supply liquidity has given rise to various debates over the course of 2020.

Supply chain tokens see triple-digit gains as the global economy recovers

Supply chain projects like OriginTrail, Waltonchain and Wabi have rallied in excess of 250% as blockchain interoperability comes into focus. Over the last few weeks, blockchain projects focused on supply chains and logistics have seen tremendous growth as the coronavirus-induced economic gridlock begins to loosen and future concerns related to the global pandemic subside.

Have we arrived at the peak of Bitcoin's price rally?

Bitcoin's short-term holder supply has historically increased in the past bull markets and it has acted as an important trend reinforcer.

On-Chain Analyst Willy Woo Updates Bitcoin Outlook, Says 35% of Available BTC Supply Bought in Last Three Months

On-chain analyst Willy Woo is predicting that Bitcoin’s ongoing consolidation phase is nearly over as strong hands buy the most recent BTC dip.

Bitcoin Conquers USD 60,000 As Demand Exceeds Supply

The most popular cryptocurrency, bitcoin (BTC), reached another milestone today, surpassing the USD 60,000 level for the first time in its history.

What should you know about Bitcoin's supply shortage?

Following a massive recovery from the drop below the $49,000-level, Bitcoin made a comeback to hit $54,000 on the charts.

Over 3% of Ethereum’s supply is now locked up in the ETH 2 deposit contract

Over 3% of Ethereum’s supply is now locked up in the ETH 2 deposit contract.

Glassnode: $47k showed strongest on-chain support since BTC broke $11k

Approximately 6.5% of Bitcoin’s circulating supply moved on-chain while the markets found support at $47k, representing “one of the largest on-chain BTC accumulation levels” ever. On-chain crypto analytics firm Glassnode has reported significant on-chain support was found for BTC at the roughly $47,000 level, describing the event as the largest on-chain support identified since Bitcoin broke above $11,000 in late 2020. According to a March 8 report from Glassnode, approximately 1.2 million Bitcoin were moved on-chain as BTC’s price traded between $45,500 to $48,900 after bouncing off a local low near $45,000 last week. Glassnode CTO Rafael Schultze-Kraft noted that roughly 6.5% of Bitcoin’s circulating supply moved on-chain as support was established. This support is holding nicely.And it got stronger! We now have a wall of 1.2M $BTC that moved on-chain between $46.6k and $48.6k.That's 6.5% (!) of the circulating supply.I'd be surprised if we go below anytime soon.I was long at <$50k, and am long now anyways.#Bitcoin https://t.co/eXcOhSmzbF pic.twitter.com/Gj3TFHVADW— Rafael Schultze-Kraft (@n3ocortex) March 7, 2021 While Glassnode suggested the large Bitcoin movements could be indicative of accumulation, the firm acknowledged the spike in on-chain activity could also be attributed to sellers racing to get their coins onto exchanges: “An important question we must ask is whether this volume on-chain is associated with accumulation, or is it instead a rush for the exits by sellers.” However, the report’s authors noted that the number of Bitcoin held on exchanges has continued its recent trend of decline, with 32,500 BTC being withdrawn from centralized platforms this past week. Bitcoin UTXO Realized Price Distribution. So

Anticipating Ethereum 2.0? ETH Whales Hold Nearly 70% of the Total Supply

Ethereum whales have been on a buying spree since November 2020, currently holding 68.7% of the total supply, while Grayscale has doubled their ETH stack.

Ethereum To Become a Deflationary Asset and See Its Supply Reduced with Proposed EIP 1559 Upgrade

Ethereum has a planned upgrade for July through which its cryptocurrency supply will be reduced.

The number of BTC held on exchanges crashed 20% in 12 months

Long-term accumulation and the increasing popularity of DeFi yield protocols is siphoning Bitcoin away from centralized exchanges. Data from on-chain crypto information aggregator Glassnode indicates the number of Bitcoin held on centralized exchanges has fallen by roughly 20% in 12 months. The data suggests investors are accumulating BTC and withdrawing them from exchanges into cold storage, creating a supply crunch.

Want to be rich? Bitcoin’s limited supply cap means you only need 0.01 BTC

In 10 years Bitcoin’s finite supply will be nearly exhausted, meaning holders might only need 0.01 BTC to become filthy rich. In 10 years Bitcoin’s finite supply will be nearly exhausted, meaning holders might only need 0.01 BTC to become filthy rich. Saving 0.01 Bitcoin (BTC) might cost only $5,000 today but according to the current global wealth distribution and the digital asset's limited supply, 0.01 BTC just might be enough to make one a millionaire in the future. According to Credit Suisse's "Global Wealth Report 2020", there are 51.9 million individuals with a net worth surpassing $1 million.

Satoshi’s 21 Million Mystery: One-Millionth of the Bitcoin Supply Cap Is Now Worth $1 Million

On Sunday, March 7, 2021, the price per bitcoin jumped over the $50k handle once again, as the digital asset’s overall market capitalization is around $925 billion.

Bitcoin Already Started to Replace Gold, Next Target $100,000: Bloomberg Report

Bitcoin could top $100,000 as institutions and corporations prefer its digital finite supply better than gold, according to a new report by Bloomberg.

An Upgrade to Reduce the Supply of Ethereum Gets a Launch Date

EIP-1559 will go live this July.

This expert offers a new reason why Bitcoin will reach $100,000 in 18 months

It's not just a demand and supply narrative that will propel Bitcoin's price to $100,000.

Tether's Supply Dominance Hits Record Low as USDC & Co Rise

As USD coin (USDC) strengthens its positions, tether (USDT) is losing its market share, according to crypto intelligence firm Coin Metrics.

17% of Bitcoin's Supply Hasn't Moved for Over 7 Years

A huge chunk of Bitcoin's supply hasn't moved in a long time.

Stellar Lumens, Elrond, Ethereum Classic Price Analysis: 01 March

Stellar Lumens climbed past the $0.39 level on its way to the $0.42 region of supply, while Elrond saw a breakout from a descending channel.

Chainlink, FTX Token, Synthetix Price Analysis: 01 March

Chainlink was trading within a region of supply as bulls sought to flip it into an area of demand.

Where's the Trust in the $150 Million NFT Art Market?

Pest Supply made nearly a million dollars and kicked up a stink by appropriating Banksy's style.

Stellar Lumens, Algorand, Aave Price Analysis: 27 February

Stellar Lumens climbed towards a region of supply at $0.42, while Algorand attempted to flip the $1.01-level to support.

Bitcoin's Illiquid Supply Continues to Grow - What This Means

Crypto trader Carl Martin believes that Bitcoin (BTC) may be getting ready for a monumental move because the current price correction may be a temporary pullback before BTC surges higher.

Chicken and greens: $97B retail firm uses IBM blockchain to track food supply

Multinational retail giant Carrefour will use IBM's blockchain tech to track two major food categories as part of a growing reorganization of global supply lines. IBM’s food-tracking blockchain technology will be used by the Carrefour multinational retail firm to track food supply lines from the farm to the store.

JP Morgan: Put 1% In Bitcoin as a Hedge as Demand is ‘Massively Outstripping’ Supply

The demand for bitcoin is significantly higher than the actual supply and investors could put 1% of their portfolio in BTC, advised JPM.

Stellar Lumens, Aave, Decred Price Analysis: 25 February

Stellar Lumens saw an area of former demand in the vicinity of $0.425 flipped into an area of supply.

Nvidia supply shortage won’t stop $50M Q1 crypto miner sales, says CFO

A perfect storm consisting of COVID-19, supply shortages and surging crypto prices has resulted in the best financial quarter in Nvidia's history, as the stock hits all-time highs. Nvidia’s ongoing supply problems won’t stop the company from selling $50 million worth of its new CMP chip range in the first quarter of 2021, the company’s chief financial officer Colette Kress forecasted on Feb.

People who bought Bitcoin in 2017 becoming the strongest HODLers, new data shows

Investors who began their Bitcoin journey three to five years ago have stronger hands than you might think. Bitcoin (BTC) may be worth almost three times more than at the height of its 2017 bull run, but a lot of hodlers from that time refuse to sell. The latest data from Bitcoin financial services firm Unchained Capital shows that 2017 buyers control an increasingly large amount of the BTC supply. 2017 hodlers are not "weak hands" According to Unchained’s HODL Waves chart, which ranks the supply according to when coins last moved, those who bought three to five years ago are sitting on their investment. Since the cross-asset crash of March 2020, when BTC/USD fell to lows of $3,600, the percentage of the BTC supply that last moved between February 2016 and February 2018 increased from 5.57% to 13.38%. In other words, the uptrend in price during 2019, much of 2020 and all of 2021 has not made 2017 bull run investors sell after surviving the multi-year bear market. By contrast, the five to seven-year and seven to ten-year hodl crowd has been reducing its presence over the past year. “At the beginning of January, 59% of all bitcoin in the network were sitting for longer than 1 year without moving, and by the end of the month, that number dipped to 57%, a decrease of 2% or around roughly 372,320 bitcoin,” Unchained wrote in an update earlier this month.

Skybridge Capital Founder Predicts $100K Bitcoin Price This Year Due to ‘Heavy Demand’ and Diminishing Supply

The founder of asset management firm Skybridge Capital, Anthony Scaramucci, has predicted that the price of bitcoin will reach $100,000 before the year-end simply due to supply and demand.

Chainlink, Aave, SushiSwap Price Analysis: 20 February

Chainlink broke out of a bullish pattern over the past 48 hours and was once more testing a region of supply in an attempt to move above it.

Bitcoin: How have the coin's Hodling patterns changed

Bitcoin's amount of supply last active in the past 10 years just hit an ATH of 1.9 Million.

Venus (XVS) rallies 900%, TVL hits $3.54B after Binance Smart Chain launch

Venus protocol becomes the top-ranked DeFi platform on the Binance Smart Chain as XVS price and the total value locked in the platform reach new highs. As decentralized finance continues to increase it hold on the wider cryptocurrency market, Binance Smart Chain (BSC) is beginning to emerge as a suitable option for traders looking to escape from high transaction fees on the Ethereum (ETH) network.  With more attention being paid to BSC, DeFi projects operating on the chain have also seen an influx of buying activity in recent weeks as token holders rush to supply liquidity for recently launched protocols.

How will Bitcoin's active supply affect price discovery?

Bitcoin's active supply has played a key role in the price since the beginning of the current market cycle.

Bitcoin: Will its price correspond to the hike in exchange-traded volumes?

Bitcoin's growth story this season has been fueled by low Bitcoin supply on exchanges and high stablecoin supply.

38 Million XRP Tokens Dumped by Ripple Co-Founder Jed McCaleb, When Will His Supply Run Out?

Amid the SEC lawsuit, Ripple’s former Chief of Technology Officer (CTO) and co-founder Jed McCaleb has been getting rid of his XRP stash at a steady rate.

Top 5 cryptocurrencies to watch this week: BTC, BCH, EOS, XMR, XTZ

Bitcoin is facing minor resistance near $50,000 but if this psychological barrier is crossed, a major breakout could occur in select altcoins. Demand and supply metrics determine the price of an asset and data from Glassnode, an on-chain data firm, shows that Bitcoin’s (BTC) liquid supply has been decreasing since June 2020.

Bitcoin goes mainstream as institutions hold 3% of BTC’s circulating supply

The growing appetite of institutional investors means companies now hold more than 460,000 BTC, which is 3% of the total supply in circulation. Institutional investors are rapidly gobbling up Bitcoin, and at the time of writing, nearly 3% of the Bitcoin (BTC) in circulation are locked up in long-term holdings by these investors. Data shows that 24 entities have amassed more than 460,500 BTC, which is equivalent to $22 billion at Bitcoin's current price. According to Michael Novogratz, this figure excludes the 3 million BTC forever lost, who estimates that a supply shortage could occur shortly if institutions keep up their current buying spree. The current list of holders includes MtGox K K, which has close to 141,690 BTC ($6.6 billion).

Is Bitcoin's fixed supply a problem? Yes, says this BNP Paribas strategist

Tesla’s $1.5 billion Bitcoin purchase may have finally pushed cryptocurrencies onto the radar of huge financial institutions, but not necessarily onto their balance sheets. This was one of the in The post Is Bitcoin's fixed supply a problem? Yes, says this BNP Paribas strategist appeared first on AMBCrypto.

Why some cryptocurrencies are worth $40,000, while others stay at $0.40

Market capitalization and asset supply factor into prices, but could any token be worth $1 million one day? At the time of publication, one Bitcoin (BTC) values $47,247, while one Dogecoin (DOGE) is worth around $0.068.

Bitcoin bulls eye $50K as data show BTC’s liquid supply in steady decline

Several altcoins surged to new all-time highs while Bitcoin price consolidated in preparation for a renewed push to the $49,000 level. On Feb.

Ethereum 2.0 Deposit Contract Tops $5.5B in Staked Ether

The amount deposited represents 2.67% of Ethereum’s total supply.

Bitcoin News Roundup for Feb. 10, 2021

With the top two cryptos down on the day and a bitcoin supply squeeze seemingly in the cards, CoinDesk’s Market Daily is back with the latest news roundup.

Bitcoin’s Liquid Supply Slides as Institutions and Investors Hodl On

The amount of Bitcoin physically available to buy is continuing to fall as nobody really wants to sell at the moment, despite a new all-time high of $47,600.

Ex-OCC Chief Brooks Calls Tesla’s Bitcoin Buy a Bit ‘Scary News’ for Rest of World

Brooks noted that the US money supply will have risen 40% over the last 12 months once the most recent round of stimulus is done.

A Mysterious Dogecoin Address Absorbed 27% of the Supply, the Top 20 Addresses Captured 50%

Just recently, the crypto asset dogecoin has seen some significant price gains and on Wednesday, Tesla’s founder Elon Musk tweeted about the digital currency incessantly.

Coin Metrics Is Now Tracking the ‘Real’ Supply of Bitcoin

A new methodology by Coin Metrics suggests that the current Bitcoin supply is only 14.5 million BTC.

Glassnode’s On-Chain Metrics Reveal DeFi Tokens Are Being HODLed Amid Price Run

Glassnode's on-chain data reveals the percent supply of DeFi tokens (SUSHI, AAVE, and MKR) are getting lower, suggesting investors are HODLing the assets.

What We Know About the Dogecoin Address That Holds 27% of Its Supply

The largest Dogecoin address holds about 27% of the entire coin’s supply and has been surrounded in mystery since early 2019.

Bitcoin an ‘Emerging Competitor’ to Gold, Says CME’s Chief Economist

Blu Putnam said gold's ongoing production, likely to increase this year, contrasts with bitcoin's fixed supply.

Gas fee proposal could create ‘positive feedback loop’ for ETH price: Grayscale

Grayscale believes EIP-1559, a proposal to burn Ethereum gas fees, could be extremely bullish for Ether’s price. Institutional crypto fund manager Grayscale Investments believes the introduction of the proposed EIP-1559 fee and burn mechanism could create “a positive feedback loop for Ether’s price” should network activity continue to increase on Ethereum. That’s because the proposal could result in Ether being burned at a rate exceeding the creation of new supply, significantly shifting the supply-demand dynamic underpinning the ETH markets. In Grayscale’s Feb.

The Bitcoin Supply Is Surprisingly Well Distributed

According to new research, Bitcoin is distributed among its holders more evenly than is has been reported.

Small and medium hodlers control 40% of the Bitcoin supply — data

Distribution "keeps getting better," says Willy Woo amid continued claims that Bitcoin as a network is too centralized. Bitcoin (BTC) ownership is becoming more decentralized every day, data shows, allaying fears that the supply is being controlled by an elite. Data from Glassnode reproduced by statistician Willy Woo on Feb.

Bitcoin Holders Have Now Stashed Away 15% of Circulating Supply

Continued accumulation of bitcoin by investors is causing market liquidity to drop and helping drive prices higher.

Report: Declining BTC Stablecoin Supply Ratio Suggests Exchanges Are ‘Highly Liquid & Ready to Buy’ Crypto Assets

According to a report by Glassnode, bitcoin’s declining stablecoin supply ratio (SSR) indicates an increased supply of newly minted coins on exchanges.

Supply chain and logistics projects dominate additions to Forbes Blockchain 50

The number of major companies using blockchain for logistical purposes is on the rise.

Yearn Finance Votes to Inflate YFI Token Supply by 20%

The vote to mint an additional 6,666 YFI in order to fund future development on the Yearn protocol has passed.

Bitcoin Stablecoin Supply Ratio Drops as Buying Pressure Mounts

As Bitcoin remains in its consolidation channel, more on-chain metrics suggest that it could be time to buy once again.

UBS: Crypto Has Fundamental Flaw, Bitcoin’s Fixed Supply Could Cause Its Value to Collapse

A chief economist at UBS, the largest bank in Switzerland, says cryptocurrency has a fundamental flaw.

Run, blockchain, run! DeFi adoption needs faster block times

Low-cost, low-latency and highly scalable blockchain infrastructure — that is what will lead crypto and DeFi to real mass adoption. Global companies are implementing distributed ledger technologies in an attempt to gain efficiencies in areas such as global payments and supply chain transparency.

Bitcoin Miners Strain Under Semiconductor Supply Crunch, Second-Hand Mining Rig Prices Soar

Bitcoin mining rig manufacturers are dealing with a semiconductor supply crunch according to regional reports stemming from China.

Chainlink, Neo, Enjin Price Analysis: 29 January

Chainlink recovered from the bearish divergence it exhibited a few days ago and rose back above a zone that was one of supply a week ago.

Scarcity Gives Bitcoin Value, but Not the Way You Think

Bitcoin is "scarce" (and therefore valuable) when demand for it exceeds the available supply, not because of its 21 million hard cap, says our columnist.

Ethereum’s realized cap spikes to record highs as capital floods in: Report

Ethereum’s realized cap has surged into new all-time highs this month, indicating that new money is rushing to accumulate ETH. Ethereum’s realized capitalization has increased by nearly 50% in January so far to tag new all-time highs above $70 billion, according to CoinMetrics. The data shows that Ethereum’s realized cap has more than tripled since dropping below $25 billion in during March 2020’s “Black Thursday” crash.. Ethereum’s realized cap: CoinMetricsThe realized capitalization metric calculates the value of a crypto asset’s supply according to when each unit last moved on-chain.

Enjin enters the fashion world with augmented reality NFTs

A limited-supply virtual fashion collection is up for grabs while a new app allows holders to see it in the real world. Enjin and MetaverseMe are partnering to bring virtual fashion items to the Ethereum blockchain, creating a line of tradable non-fungible tokens representing clothing for Metaverse avatars. Enjin will be providing the infrastructure framework to host the NFTs, which can then be visualized in MetaverseMe, an augmented reality platform that lets users create customized avatars and see them interact with their real-world environment.

All risk, no gain? The vague definition of stablecoins is causing problems

It is a sign of our industry’s youth that we routinely fail to provide a coherent descriptive definition of a stablecoin. Sometimes, “stablecoins” and variants such as “algorithmic stablecoins” function like historical names, as they refer to projects that call themselves stablecoins, such as Basis Cash, Elastic Set Dollar, Frax and their clones. The word "stablecoin" can be used as a logical description for “a cryptocurrency designed to have low price volatility” and has “stores of value or units of account,” or “a new type of cryptocurrency that often have their value pegged to another asset… designed to tackle the inherent volatility seen in cryptocurrency prices,” or a currency that can “act as a medium of monetary exchange and a mode of storage of monetary value, and its value should remain relatively stable over longer time horizons.” On the more metaphysically speculative end, some have defined a stablecoin as “an asset that prices itself, rather than an asset that is priced by supply and demand.