Bitcoin Miner Selloff: BTC.com Pool Sent 186,000 BTC To Binance In October
On-chain data shows the Bitcoin mining pool BTC.com deposited a huge amount of the cryptocurrency to Binance in October. BTC.com Mining Pool Has Potentially Been Selling Bitcoin This Month As explained by an analyst in a CryptoQuant Quicktake post, Bitcoin miners connected with BTC.com have made large transactions to Binance recently. The on-chain metric of […]
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Binance users can now sign up to mine Ether as well as Bitcoin via the exchange’s mining pool. After launching its Bitcoin (BTC) mining pool in April, crypto exchange Binance has now launched an in-house mining pool for the market’s largest altcoin by market cap, Ether (ETH).For the first month, between Nov. 12 and Dec. 12, Binance is trying to attract miners by offering a zero-fee regime. After that, those contributing their hashin power to the pool will be charged a competitive 0.5% commission on their earnings.Binance’s instructions for setting up a mining pool account note that....
The bitcoin miner will leverage Luxor's suite of pool services on its under-construction 100 megawatts farm.
Cryptocurrency exchange Binance has set out to support crypto miners through a lending program established by its mining pool. Presenting the initiative this week, the coin trading platform also unveiled that Binance Pool intends to launch cloud mining products.
Leading Exchange Binance Looking to Help Bitcoin Miners in Difficult Times for Crypto Business
Binance, the world’s leading crypto exchange by daily trading volume, has announced a plan to extend financial support to companies involved in the extraction of cryptocurrencies. The lending project was recently....
According to on-chain trackers, bitcoin miners have moved a huge amount of coins to a major exchange in recent days, signaling a clear change in behavior that the market will watch closely. Related Reading: Michael Saylor Issues Rally Cry To Bitcoin Army: “Starve The Bears!” Reports have disclosed miner transfers totaling 51,000 BTC — worth over $5.7 billion — to Binance since October 9. That is a very large flow of supply into a place where coins can be sold quickly. Miners Move Large Amounts To Exchanges On October 11, there was a dramatic spike when miners deposited more than 14,000 BTC....
On-chain shows Bitcoin miner outflows have been elevated recently, suggesting miners were involved in the recent selloff that took the price of the crypto below $42k. Bitcoin Miner Outflows Spiked Up Before The Crash Below $42k As pointed out by an analyst in a CryptoQuant post, BTC miners seem to have been one of the sellers behind the price drop to $42k. The relevant indicator here is the “miner outflow,” which measures the total amount of Bitcoin exiting wallets of all miners. When the value of this metric spikes up, it means miners are moving a large number of coins out of....