CryptoNews

The Great Shift to Self-Custody: 800,000 BTC Worth Over $20 Billion Pulled From Exchanges in 3 Years – Exchanges Bitcoin News

September 4, 2023
Over the past three years, there’s been a notable movement in bitcoin holdings. Since September 1, 2020, a whopping 804,000 bitcoin, equivalent to $20.79 billion, has been pulled from centralized exchanges. Notably, 184,000 BTC of that sum, valued at $4.75 billion, was withdrawn in just the last three months. Billions in Bitcoin Withdrawn from Centralized Exchanges Amid Rising Self-Custody…
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CryptoNews

Defi Sector Navigates an Extended Crypto Winter: TVL Dips to February 2021 Levels – Defi Bitcoin News

September 3, 2023
The realm of decentralized finance (defi) is grappling with the aftermath of the sweeping crypto market slump that marked the close of August. As it stands, the total value locked (TVL) in defi, pegged at $37.59 billion, has plummeted to a low last witnessed in the second week of February 2021. Crypto Winter’s Grip on Defi: TVL Stumbles to $37 Billion The total value locked in defi is on a…
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CryptoNews

NFT Sales Slide for Third Consecutive Week Amid Crypto Downturn – Markets and Prices Bitcoin News

September 3, 2023
Sales of non-fungible tokens (NFTs) have taken another hit, declining over 10% from the previous week, with transactions totaling $85,046,840 since Saturday, August 26, 2023. This marks the third consecutive week of falling NFT sales, reflecting the broader crypto economy’s downturn and its significant impact on the NFT marketplace. Can NFTs Rally in September? Recent 3-Week Sales Trend Casts…
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CryptoNews

Cambridge Revises Bitcoin Mining Index, Lowers BTC’s Estimated Power Use – Bitcoin News

September 2, 2023
Cambridge Centre for Alternative Finance has significantly revised its Bitcoin Electricity Consumption Index, lowering its estimates of the cryptocurrency’s energy use after finding its previous model greatly overstated power consumption. Cambridge Centre Revises Bitcoin Energy Estimates Downward: Corrected Index Reflects More Accurate Power Consumption In a report published this week, the…
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