The growth of Bitcoin addresses has hit a plateau phase Bitcoin’s daily active addresses have also dropped from April’s peak of 1.366 million There are currently 845k daily active Bitcoin addresses, a drop by 38% from the aforementioned peak Bitcoin has lost the crucial $30k support to post a local low of $29,278 A loss …
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Grayscale Investments is has launched a new DeFi fund The DeFi fund will provide investors with weighted exposure to the top 10 DeFi tokens according to market cap They include Uniswap (UNI), Aave (AAVE), Compound (COMP), Curve (CRV), MakerDAO (MKR), SushiSwap (SUSHI), Synthetix (SNX), Yearn Finance (YFI), UMA Protocol (UMA) and Bancor (BNT) Uniswap will …
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Bitcoin could bottom at around $14k to $15k Bitcoin also has a probability of bottoming at the 50-week moving average The 50-week MA is providing support at current levels around $31k Whichever scenario plays out, beginning to accumulate Bitcoin is not a bad idea $31k is the Bitcoin level to watch during the weekly close …
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Tether’s community has launched a new organization dubbed ‘Tether Impact’ Tether Impact’s role will be to support and incentive the use of USDT in emerging economies and DeFi Dapps The organization will be hosting its first meetup in Paris, tomorrow, July 19th Stablecoins continue to gain popularity with the US Secretary of the Treasury, Janet …
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Binance USD (BUSD) is now ranked 10th on Coinmarketcap Binance USD’s market cap has exceeded $11 Billion There are now three stablecoins in the top 10 rankings according to market cap The use of Binance USD in DeFi is gaining popularity The Binance USD (BUSD) stablecoin is now a top 10 digital asset on Coinmarketcap. …
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Shiba Inu (SHIB) had an impressive performance in the second quarter of 2021 Shiba Inu (SHIB) outperformed the original meme-coin of Dogecoin in Q2, with a quarterly return of 11,566,501% Purchasing $1 of SHIB at the beginning of Q2 would have returned $456,929 when SHIB posted an all-time high of $0.00003791 SHIB is still in …
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Dogecoin rose by a remarkable 366% in Q2 of 2021 The meme-coin outperformed the top 5 digital assets in the same time period Dogecoin is battling to maintain the 200-day moving average as support DOGE has also retraced by 77%since its all-time high of $0.74 set in early May due to Elon Musk hosting Saturday …
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Chainlink has bounced off the $15 support for the third time since May Chainlink continues to trade below the 50-day, 100-day and 200-day moving averages The daily LINK/USDT has printed a descending triangle with a floor at $15 $15 is the level to watch as the week comes to a close on Sunday Chainlink maintaining …
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Bitcoin miners based in China now control less than 50% of the total BTC hash rate Hash rate originating within China is dropping as the government continues to crack down on Bitcoin mining The United States is the biggest beneficiary of the migration of mining away from China Bitcoin’s hash rate has also started to …
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Binance has announced that it will cease the purchase of stock tokens on its platform effective immediately Binance will no longer support stock tokens after October 14th, 2021 Holders of the stock tokens on Binance have until October 14th to sell them manually After which all token positions will be closed on October 15th Hodlers …
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The Binance Smart Chain led the rest in unique active wallets in Q2, averaging 421k Dapps on the Binance Smart Chain continue to grow, hitting 1,464 by the end of Q2 PancakeSwap is the top protocol on the Binance Smart Chain driving 28% of BSC’s total value locked PancakeSwap is also the most used Dapp …
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Willy Woo is of the opinion that Bitcoin is decentralized gold He also adds that over time, the gold standard has failed with the subsequent introduction of fiat Traditional gold is also centralized hence Bitcoin removes the failures of Gold Bitcoin’s $30k continues to be the level to watch moving forward Bitcoin’s $20k is the …
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Ethereum’s London Upgrade has had a successful testnet deployment The Ethereum upgrade is now ready for activation on the mainnet The London upgrade will go live on block 12,965,000 expected to occur between August 3rd and 5th of this year A total of 5 EIPs will be implemented including the highly anticipated EIP1559 Bug bounties …
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Zilliqa’s mainnet was upgraded to fix an issue that was causing mining nodes to run out of memory Zilliqa’s mainnet and testnet had gone down a day earlier when the same nodes run out of memory while processing large smart contracts The team at Zilliqa has thanked its community for understanding the challenges of cutting-edge …
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Bitcoin’s daily active addresses have halved since BTC’s most recent all-time high of $64,854 Bitcoin whales who sold at the top in mid-April are yet to start accumulating BTC New address growth on the Bitcoin network has dropped to levels last seen in early 2018 All these metrics negate what some traders and analysts have …
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