The latest Glassnode report focuses on the topic of the day: bitcoin mining. While bitcoin’s price has been suspiciously flat for a while, the difficulty adjustment came in and registered an all-time high. Do the miners know something we don’t? Or is there a transfer of power going on behind the scenes? Glassnode poses a … Read more
Bitcoin’s (BTC) long-term profitability has declined to levels last seen during the previous bear market in December 2018. According to data shared by crypto analytic firm Glassnode, BTC holders are selling their tokens at an average loss of 42%. Bitcoin long term holders, Source: Glassnode The Glassnode data indicate that long-term holders of the top … Read more
Bitcoin has seen an incredible 24 hours after the price of the digital asset added more than $1,500. This jump in price has come with a number of positive implications, including the profitability for investors who are holding the cryptocurrency. Where less than half of all investors had been in profit when BTC had … Read more
Profitability in digital assets such as Ethereum is important to investors in the space. With the decline following the bull market, a good number of ETH investors have seen the profitability of their holdings decline significantly. It had fallen below 50% when the price of ETH had broken below $1,000 last month. However, with the … Read more
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Ethereum has been at the forefront of the crypto market recovery in recent times. This is because the price of Ethereum had rallied following an important update regarding the upcoming Merge, and the market had recovered in kind. ETH’s price had quickly grown to one-month highs and had seen its value grow beyond $1,700. This … Read more
Paytm-founder Vijay Shekhar Sharma said that the company is witnessing “excellent momentum” in its businesses and is on track to achieve operating profitability in 2023. The company, on Thursday, released its first annual report for FY2021-22 as a publicly-listed company. The company, Sharma said, is focusing on the app, and offerings such as FASTag and … Read more
The ongoing cryptocurrency bear market has triggered a massive decline in Bitcoin (BTC) mining profitability as BTC mining expenses outpace the price of Bitcoin. Closely tied to the drop in the BTC price, Bitcoin mining profitability has been tanking since late 2021 and reached its lowest multi-month levels in early July 2022. According to data … Read more
But the good news for airline investors was bad news for airline passengers. The amount passengers paid to fly each mile on the airlines in the quarter was up just over 20% compared to 2019, by far the highest per-mile fares paid since the start of the pandemic. The spike was driven by a combination … Read more