A FUD regarding Bitcoin miner ‘death spiral’ had been surfacing the crypto community as the halving was underway. However, the latest charts suggest otherwise as hash rate hits an all-time high. Miner’s Miles Away From ‘Death Spiral’ The first and the largest cryptocurrency, Bitcoin was programmed to undergo a process called the “halving” once, every
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There is currently $1.75 billion locked in 10 lending protocols, which represents a 244% YTD growth. Compound has 40% of the total value locked, followed by Maker with 36%, Aave (11.0%), and InstaDApp (10.4%). There is about 3.3 million ETH, 2.95% of the total ETH in circulation, locked in lending protocols
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Following the Bitcoin halving, concerns over miner capitulation have proven unfounded. The week just gone saw the network hash rate reach a new all-time high of