⛏According to Hashlabs, the distribution of mining power in the world is as follows: 40% is concentrated in the USA, primarily due to significant investments in modern and energy-efficient equipment. Despite the cryptocurrency ban in China, it still accounts for 15% of the global Bitcoin mining hashrate. Europe lags behind in this regard due to expensive electricity costs.
Top countries by hashrate distribution:
1. USA: 40%
2. China: 15%
3. Russia: 12%
4. Canada: 5%
5. Kazakhstan: 3.5%
6. UAE: 3%
7. Malaysia: 3%
8. Norway: 1.5%
9. Ethiopia: 0.3%
#Mining
Top countries by hashrate distribution:
1. USA: 40%
2. China: 15%
3. Russia: 12%
4. Canada: 5%
5. Kazakhstan: 3.5%
6. UAE: 3%
7. Malaysia: 3%
8. Norway: 1.5%
9. Ethiopia: 0.3%
#Mining
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Crypto speak: Rip-off
A “rip-off” is plagiarism. It’s what people say when the founders of an NFT project are “inspired” by art from other popular collections and make a thousand parodies. In general, there’s too much inspiration =)
Even in the heyday of NFTs, it was a good idea to stay away from such collecti
A “rip-off” is plagiarism. It’s what people say when the founders of an NFT project are “inspired” by art from other popular collections and make a thousand parodies. In general, there’s too much inspiration =)
Even in the heyday of NFTs, it was a good idea to stay away from such collecti
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When 💰 Bitcoin crashed to below 16K, the sceptics came out of the woodwork to gloat. We held strong.
Bitcoin is now at $51K & valued at more than $1 Trillion dollars.
Look at this chart.
This is not a bubble.
It is an adoption curve.
Bitcoin goes higher...🚀
Bitcoin is now at $51K & valued at more than $1 Trillion dollars.
Look at this chart.
This is not a bubble.
It is an adoption curve.
Bitcoin goes higher...
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According to Glassnode’s Bitcoin risk assessment:
⚫️ Over 90% of BTC holders are profitable, signaling potential market demand exhaustion and increased rollback risk
⚫️ Demand for BTC block space is growing
⚫️ Over 90% of new investors are profitable, indicating high risk, with a recent downward trend
⚫️ Transition from speculative ETF peaks to cautious trading suggests weakening profit-taking
⚫️ Long-term holders face high risk with substantial unrealized profits, despite a steady trend over the last 7 days, signaling an early bull market stage
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The trading volume ranked 11th among all ETFs and among the top 25 for equity trading on the American market.
A total of 9 ETF funds ended the day with a volume of $2.4 billion, breaking the record for the first day of trading set in mid-January.
The outflow from Grayscale also reached a minimum, with only $22 million on February 27, while the rest of the funds saw a combined inflow into BTC ETF of $540.3 million.
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BREAKING: Total Spot Bitcoin ETF trading volume surpasses $7.5 billion today, more than doubling its previous record:
• BlackRock: $3,291,107,443
• Grayscale: $1,836,035,297
• Fidelity: $1,422,191,705
• ARK Invest: $425,812,381
• Bitwise: $252,060,298
• Invesco: $162,039,559
• WisdomTree: $59,402,811
• VanEck: $52,142,656
• Franklin: $31,848,031
• Valkyrie: $14,560,139
• Hashdex: $1,005,824
• BlackRock: $3,291,107,443
• Grayscale: $1,836,035,297
• Fidelity: $1,422,191,705
• ARK Invest: $425,812,381
• Bitwise: $252,060,298
• Invesco: $162,039,559
• WisdomTree: $59,402,811
• VanEck: $52,142,656
• Franklin: $31,848,031
• Valkyrie: $14,560,139
• Hashdex: $1,005,824
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BTC is up +313% since its low at $15k.
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The 9 New 💰 Bitcoin ETFs have $21.17 BILLION in total assets under management.
💬 ALL of them are viable!
1. Blackrock: $10b
2. Fidelity: $6.47b
3. Bitwise: $1.52b
4. Ark: $2.1b
5. Invesco: $386m
6. VanEck: $270m
7. Valkyrie: $192m
8. Franklin: $154m
9. Wisdometree: $50m
1. Blackrock: $10b
2. Fidelity: $6.47b
3. Bitwise: $1.52b
4. Ark: $2.1b
5. Invesco: $386m
6. VanEck: $270m
7. Valkyrie: $192m
8. Franklin: $154m
9. Wisdometree: $50m
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Accordring to CoinMarketCap, 🥇 Bitcoin has risen to become the 9th largest asset by market cap, signaling its growing prominence in the global market.
🥇 Bitcoin has already reached the value of the world's 9th largest asset by capitalization, while others include:
🥇 Gold: $14.32tn
🇺🇸 Microsoft: $3.09tn
🇺🇸 Apple: $2.77tn
🇺🇸 NVIDIA: $2.13tn
🇸🇦 Saudi Aramco: $2.04tn
🇺🇸 Amazon: $1.84tn
🇺🇸 Alphabet (Google): $1.71tn
🥈 Silver: $1.36tn
🪙 Bitcoin: $1.31tn
🇺🇸 Meta Platforms (Facebook): $1.28tn
🥇 Gold: $14.32tn
🇺🇸 Microsoft: $3.09tn
🇺🇸 Apple: $2.77tn
🇺🇸 NVIDIA: $2.13tn
🇸🇦 Saudi Aramco: $2.04tn
🇺🇸 Amazon: $1.84tn
🇺🇸 Alphabet (Google): $1.71tn
🥈 Silver: $1.36tn
🇺🇸 Meta Platforms (Facebook): $1.28tn
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Just about a month ago, it was ranked at #479.
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Media is too big
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“Bitcoin
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Did you know that Bitcoin is 10.32% more expensive in South Korea?
There is a special term for this phenomenon, the “Kimchi premium.” It occurs when the value of a token on Korean exchanges rises above global prices. This happens due to high demand and activity from local South Korean investors. More often than not, a rising “Kimchi premium” indicates an overheated market.
There is a special term for this phenomenon, the “Kimchi premium.” It occurs when the value of a token on Korean exchanges rises above global prices. This happens due to high demand and activity from local South Korean investors. More often than not, a rising “Kimchi premium” indicates an overheated market.
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Smashed the previous record of $612m.
They will be taking in +$1 Billion a day soon
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Crypto speak: Bags
“Bags” are your crypto assets; the term usually implies a fairly large amount of crypto.
For example, “My Bored Ape bags keep growing,” or “I have a fat bag of DOGE.”
If you start saying “I have a big bag of Bitcoin” instead of “I have a lot of Bitcoin,” people will believe you know what you’re doing😅
💸 Crypto Mining
“Bags” are your crypto assets; the term usually implies a fairly large amount of crypto.
For example, “My Bored Ape bags keep growing,” or “I have a fat bag of DOGE.”
If you start saying “I have a big bag of Bitcoin” instead of “I have a lot of Bitcoin,” people will believe you know what you’re doing
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