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New data from crypto analytics firm Glassnode reveals that Bitcoin (BTC) at $30,000 has become the most popular “buy” level to date. Despite the price action of BTC stalling near this mark, buyer behavior indicates a significant demand for the largest cryptocurrency in the market. Glassnode’s Entity-Adjusted URPD (UTXO Realized Price Distribution) metric, which monitors
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South Korean companies that hold or issue cryptocurrencies will need to provide comprehensive information about their transactions to the financial regulator starting from January 2024. The Financial Services Commission (FSC) of South Korea announced this requirement on Tuesday, stating that domestic firms involved in crypto activities must ensure complete disclosure under the new accounting rules.
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Bitcoin’s energy efficiency has long been a concern as mining activities consume significant amounts of electricity. However, a recent report by Coinmetrics reveals that the energy efficiency of Bitcoin has improved significantly over the past five years. The report also highlights that three mining rig models dominate the Bitcoin network’s computing power, reinforcing the need