Hououin Kyouma

Blog Info Bitcoinist.com
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Stats Has written 116 posts about cryptocurrency

Dec 07 2021

Data: Bitcoin Crash Flushed Out $5.4B In Futures Within Hours

Data shows the Bitcoin crash from a few days ago flushed out $5.4 billion from futures open interest within the matter of hours. Cascade Of Long Liquidations Lead To 24.5% Reduction In Futures Open Interest As per the latest weekly report from Glassnode, when the price of Bitcoin crashed down to $42k a few days back, futures open interest dropped by around...

Data: Bitcoin Crash Flushed Out $5.4B In Futures Within Hours

Data shows the Bitcoin crash from a few days ago flushed out $5.4 billion from futures open interest within the matter of hours. Cascade Of Long Liquidations Lead To 24.5% Reduction In Futures Open Interest As per the latest weekly report from Glassnode, when the price of Bitcoin crashed down to $42k a few days back, futures open interest dropped by around...

Dec 06 2021

Quant Explains How This Bitcoin Crash Is Different From May’s

Dec 06 2021 Published at Bitcoinist.com under tags  bitcoin bitcoin crash btc btcusd

A quant has explained how the Bitcoin exchange reserve on-chain indicator differs between the current crash and that of May's. After Spiking Ahead Of The Crash, Bitcoin Exchange Reserves Have Resumed Downtrend As explained by an analyst in a CryptoQuant post, the current trend in BTC exchange reserves is quite different...

Dec 03 2021

Blockchain.com To Launch New NFT Marketplace

The crypto exchange and wallet company Blockchain.com has announced that it's launching a new NFT marketplace soon. Blockchain.com Announces NFT Marketplace, Opens Early-Access Registrations The firm has announced today that a new non-fungible token marketplace is soon coming to the platform, and those looking to get early access can register themselves in...

Dec 02 2021

Report Says India Will Regulate “Private Crypto,” Not Ban

A report suggests that India's new crypto bill will aim to regulate "private cryptocurrencies," rather than banning them. India's Crypto Bill Will Regulate All Private Cryptocurrencies Earlier, there were reports that the nation may be planning to ban all "private cryptocurrencies," and allow only certain exceptions like the country's own...

Dec 01 2021

Newegg To Accept Shiba Inu From “Early December,” Puts SHIB Ad On Billboard

Dec 01 2021 Published at Bitcoinist.com under tags  crypto news newegg shib shiba inu shibusd

Retail giant Newegg has announced the company will start accepting Shiba Inu as payment from "early December." Newegg To Accept Shiba Inu Starting Early December A couple of days back, the tech-focused retailer posted a teaser on their Twitter announcing that SHIB is "coming soon" to the platform. Now the company has revealed a few...

Nov 30 2021

Sony & AMC Offer NFTs To “Spider-Man: No Way Home” Advance Ticket Buyers

AMC and Sony are offering limited edition NFTs to advance ticket buyers of the upcoming movie "Spider-Man: No Way Home." AMC Partner With Sony To Bring NFTs To Early Spider-Man Ticket Buyers As reported by BoxOfficePro, the two companies are currently running an offer that...

Nov 29 2021

Newegg To Start Accepting Shiba Inu Payments Soon

Nov 29 2021 Published at Bitcoinist.com under tags  crypto news newegg shib shiba inu shibusd

Online retail giant Newegg has announced on Twitter that Shiba Inu payments are "coming soon" to the platform. Newegg Set To Add Shiba Inu Payment Option Soon The retail website announced on its official Twitter a couple of days back that the memecoin SHIB is coming to the platform. Coming soon to Newegg…$SHIB...

Nov 25 2021

Elon Musk Defends Binance DOGE Holders, CZ Fires Back

Elon Musk has defended DOGE holders on Twitter by calling the Binance Dogecoin situation "shady." CEO Changpeng Zhao has fired back with a response. Elon Musk Says Binance DOGE Situation Sounds "Shady" The SpaceX CEO recently posted a tweet asking the crypto exchange's CEO Changpeng Zhao about what has been going on with the...

Nov 24 2021

What Is The Reason Behind Plummeting Bitcoin Transaction fees?

The average amount of Bitcoin transaction fees has declined around 26% over the past week. Here are some possible reasons behind the trend. Why Are Bitcoin Transaction Fees So Low Right Now? As per the latest weekly report from Arcane Research, the average transaction fees per day was around $966k last week, but it has now fallen down to just above $700k....

Nov 23 2021

Bitcoin Bearish Signal: Whales Now Make Up For 91% Of Exchange Deposits

Data shows Bitcoin whales now account for 91% of the deposits going to exchanges, a trend that could be a bearish signal. Bitcoin Exchange Whale Ratio Surges To 91% As pointed out by a CryptoQuant post, the BTC all exchanges whale ratio has now risen to 91%, a historically bad sign for the crypto. The "exchange...

Nov 22 2021

Puell Multiple Says Bitcoin Miners Don’t Want To Sell At This Level

The on-chain indicator Puell Multiple shows Bitcoin miners don't have much incentive to sell at the current price level. Puell Multiple Values Are Still Relatively Low At The Current Level As pointed out by a CryptoQuant post, Puell Multiple values are still not too high, implying miners may...

Nov 19 2021

Floki Inu Signs Sponsorship Deal With Indian Soccer Club Kerala Blasters

Memecoin Floki Inu has signed a sleeve sponsorship deal with Kerala Blasters FC, one of the top soccer clubs in India. Floki Inu Becomes Indian Soccer Club Kerala Blasters' Official Sleeve Sponsor FLOKI's twitter account announced yesterday that the coin has successfully secured an official partnership with the Indian soccer club Kerala Blasters....

Nov 18 2021

PlanB Clarifies $98k Nov Bitcoin Target Isn’t Based On S2F

Nov 18 2021 Published at Bitcoinist.com under tags  bitcoin bitcoin s2f btc btcusd planb

PlanB has clarified that the $98k Bitcoin target for November isn't based on the famed S2F model, but on his "floor model." PlanB: $98k Nov Prediction Isn't Based On S2F Model Earlier in the year, analyst PlanB tweeted out some price targets for Bitcoin for the coming months. Most of these predictions have ended up being...

Nov 17 2021

Mining Stocks Outperform Bitcoin As Miner Profits Continue To Rise

Data shows most mining companies have outperformed Bitcoin so far in the year, largely contributed by the rising BTC miner profits. Daily Bitcoin Miner Profits Have Risen To $62 Million This Week As per the latest weekly report from Arcane Research, miners have seen another rise in the daily profits this week. They are now raking in $62 million each day. Here...

Nov 16 2021

AMC To Offer Shiba Inu Payment Option With BitPay In 2-4 Months

Nov 16 2021 Published at Bitcoinist.com under tags  amc amc cinemas bitpay crypto news shib

AMC CEO Adam Aron revealed today that the cinema chain will start accepting Shiba Inu through BitPay within 60 to 120 days. AMC Theatres To Accept Shiba Inu In Partnership With BitPay CEO Adam Aron announced on Twitter yesterday that the the theatre company will soon start accepting Shiba Inu as a new payment option. The cinema chain plans to do so through...

Nov 15 2021

Bitcoin Whales Show Largest Movement Since 2017

Nov 15 2021 Published at Bitcoinist.com under tags  bitcoin bitcoin whales btc btcusd

On-chain data shows Bitcoin whales are currently showing the largest movement since 2017. Here's what it might mean for the crypto. Current Bitcoin Whale Activity Is The Largest Since 2017 As pointed out by an analyst in a CryptoQuant post, on-chain data shows signs of big whale activity not seen since 2017. The relevant indicator here is the...

Nov 12 2021

Indian Government Set To Hear Crypto Companies Next Week

Many of the biggest crypto-related businesses in India will meet with the government next week to share their views about the industry. Indian Crypto Companies Set To Meet With Government On Nov 15 As per a report from Business Insider, the leading crypto businesses in...

Nov 11 2021

Bitcoin Daily Miner Revenue Rises To $60 Million As Fees Go Up

Nov 11 2021 Published at Bitcoinist.com under tags  bitcoin bitcoin miners btc btcusd

Data shows Bitcoin daily miner revenue rose to $60 million in the past week as transaction fees observed an increase. Bitcoin Transaction Fees See A 19% Increase Over The Last Week As per the latest report from Arcane Research, BTC mining hashrate has seen further rise in the past week, accompanied by an increase in the transaction fees. This has contributed to...

Nov 10 2021

Why Are Bitcoin Spot Volumes Shockingly Low While Price Soars?

Nov 10 2021 Published at Bitcoinist.com under tags  bitcoin bitcoin volume btc btcusd

Despite the price of Bitcoin soaring and making a new all-time high, the crypto's spot trading volume remains shockingly low. Bitcoin Trading Volume Is Unusually Slow As per the latest weekly report from Arcane Research, while the price of BTC shows strong momentum up, the trading volume has been unusually low. The "...