The number of addresses active on the Bitcoin network has crashed roughly 60% in the past six weeks from 1.3 million to roughly 500,000. The collapse in activity has seen Ethereum overtake Bitcoin by number of active addresses, with the Ethereum network hosting roughly 200,000 more active wallets than Bitcoin on July 27. It is …
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Ether’s (ETH) $1.5 billion monthly expiry on June 25 was slightly favorable for bears, and at the time, Cointelegraph reported that the $2,200 price was critical to eliminate 73% of the neutral-to-bearish put options. However, bulls were not able to sustain their advantage because the expiry price was near $1,950. In the end, the protective …
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The launch of the energy efficient Ethereum 2.0 network will popularize the proof-of-stake consensus mechanism and make staking yields a more attractive source of income for both institutional and retail investors according to a new JPMorgan report. The authors estimate that holders of staked coins on PoS blockchains are currently generating some $9 billion in …
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The global Bitcoin mining sector has reached a 56% sustainable power mix in Q2, according to estimates from a Bitcoin Mining Council (BMC) report. “Bitcoin mining uses a negligible amount of energy, is rapidly becoming more efficient, and is powered by a higher mix of sustainable energy than any major country or industry,” a July …
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Crypto analytics firm Santiment is drawing attention to a trio of altcoins. Santiment reports that, along with Ethereum, crypto projects The Graph (GRT) and Sentivate (SNTVT) are looking strong heading into July. ADVERTISEMENT Highlighting address activity for the indexing protocol The Graph, which has a market cap of $1.7 billion, Santiment points out that …
The U.S. Department of State’s Under Secretary of State for Political Affairs Victoria Nuland said El Salvador should ensure Bitcoin is well regulated under its new legal framework. In a Wednesday press conference following a meeting with President Nayib Bukele, Nuland said the United States was taking a “tough look at Bitcoin” following the ransomware …
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Elon Musk tweeted about the recently launched Baby Doge Coin token leading to a huge price spike. Similarly, Musk earlier tweeted “Release the Doge!” accompanied by a meme from The Godfather movie. The price of Dogecoin responded by painting a big green hourly candle. Baby Doge, doo, doo, doo, doo, doo,Baby Doge, doo, doo, doo, …
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Decentralized finance (DeFi) project WhaleFarm joins the fast-growing list of exit scams, hijacking millions as its native token’s value plummeted by almost 100% in minutes. Recently, the project’s anonymous developers launched yield farming, a staking opportunity for investors to lock up their crypto in return for high rewards. Fast exit The project witnessed growth as …
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The Mark Cuban-backed non-fungible token (NFT) marketplace Mintable has raised $13 million in a Series A funding round, according to an announcement on Thursday. The Singapore-headquartered Mintable, plans to use the funds to expand its offerings, as the application already features 700,000 NFTs minted on the Mintable platform. NFT Marketplace Mintable Raises $13 Million On …
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sponsored If you ever wondered why crypto projects rise and fall so quickly, you are not alone. In fact, barely 7 months after the 2017 bull run ended, over 800 projects have ceased to exist like a puff of smoke. To understand the reason why 90% of crypto startups are going to fail, there are …
Continue reading “Torum, the Swiss Army Knife of the Crypto Ecosystem”
Sir Timothy John Berners-Lee, the English computer scientist who is well known for inventing the world wide web has sold a non-fungible token (NFT) in an online auction hosted by the auction house Sotheby’s. The NFT is basically a video of the World Wide Web’s source code created in Python and the collectible sold for …
The Hungarian-born American billionaire investor George Soros’ investment fund is actively trading bitcoin investment products, according to reports. Undisclosed sources reveal that bitcoin trading got the green light from the Soros Fund Management chief investment officer (CIO) Dawn Fitzpatrick. Soros Fund Management Reportedly Has ‘Greenlight’ to Trade Bitcoin At the end of March, Bitcoin.com News …
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U.S. House Representative Bill Foster says the US should work to ensure it can unmask crypto investors and reverse transactions. Foster, a Democrat from Illinois, says in a new interview with Axios that criminals are wising up to the fact that because Bitcoin’s transaction ledger is public, BTC is not a great tool for illicit …
Senator Cynthia Lummis says that Bitcoin (BTC) allows Americans to diversify their assets amid concerns that the value of the US dollar may decline. ADVERTISEMENT Despite the US dollar’s dominance as the world’s reserve currency, the legislator from Wyoming tells her 34,700 followers on Twitter that current government spending is threatening its value. I …
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A historical artifact connected to the creation of the internet just sold as a non-fungible token (NFT) for a whopping $5,434,500. Sir Tim Berners-Lee is an English academic and scientist who contributed immensely to the innovation of the World Wide Web. He is responsible for developing HTML, URL, and HTTP, three fundamental technologies that remain …
