2021 has already seen a number of eye-catching milestones reached for the nascent nonfungible token (NFT) market, which has seen an increase in value of 2,100% from Q4 2020, with consumers spending over $2 billion. While headlines have been dominated by record-breaking sales, what’s often overlooked is the growing demand from new investors. According to …
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The Ethereum network witnessed the deployment of its London upgrade on the Ropsten testnet on June 24. This upgrade consists of the highly anticipated Ethereum Improvement Proposal (EIP) 1559. Following the launch on the Ropsten testnet, the London upgrade will be deployed on Ethereum’s Goerli, Rinkeby and Kovan testnets at weekly intervals. This is one …
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A popular crypto analyst believes a specific set of altcoins could steal the show in a renewed crypto bull run. The pseudonymous trader, known in the industry as Altcoin Psycho, tells his 278,000 Twitter followers that crypto projects connected to the interoperable blockchain network Cosmos (ATOM) are poised to outperform the market. ADVERTISEMENT “Prediction: …
As if 2020 didn’t provide enough nail-biting moments, 2021 is shaping up to be quite an interesting year for cryptocurrency. With the price of Bitcoin (BTC) floating around the $35,000 mark, skeptics and pundits are flocking to the streets of social media to celebrate the long-awaited demise of the decentralized economy. Of course, they quite …
Continue reading “DeFi proved resilient during the March 2020 and May 2021 market crises”
Whether a potential sell-off of shares tied to a multi-billion dollar Bitcoin (BTC) investment fund could crash the cryptocurrency’s spot prices has turned into a hotly debated topic among the analysts in the space. Grayscale’s premium remains negative for months The argument concerns Grayscale Bitcoin Trust, the world’s largest digital assets manager that allows institutional …
A leading crypto analytics firm is assessing the state of Bitcoin (BTC) and Ethereum (ETH). According to Santiment, the amount of Ethereum held by crypto exchanges is now at its lowest level in more than two and a half years. ADVERTISEMENT “Ethereum holders continued to make history by lowering the percent of ETH held …
Crypto and blockchain enthusiasts take pride in belonging to a community that is working on the future of financial systems. Yet, the community is innately fragmented thanks to multiple blockchains working independently of each other. The dream of mass adoption of blockchain and decentralized finance faces a major hurdle: a lack of interoperability. Meanwhile, decentralized …
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Bitcoin (BTC) has recorded its biggest mining difficulty drop of nearly 28% on July 3, but one model suggests that the BTC price will not bottom until October. In a series of tweets on July 2, investment manager Timothy Peterson flagged the relationship between Bitcoin price and hash rate as arguable evidence that the dip …
HodlX Guest Post Submit Your Post The debate surrounding the benefits and disadvantages of a cashless economy gained momentum over the past decade. Proponents of going cashless gained new supporters since the Covid-19 pandemic began – and cybercriminals are rejoicing. Online orders and contactless payments soared as lockdowns across the globe kept people at home. Cybercrime …
Popular trader Credible Crypto thinks one large-cap altcoin that some are counting out could see new all-time highs in the coming months. The pseudonymous analyst tells his 222,000 Twitter followers that Litecoin (LTC) could capitalize on the final “legendary” leg of the current bull run. ADVERTISEMENT “Seeing a lot of people saying LTC had …
Prior to the Federal Reserve announcing it would release a discussion paper on a central bank digital currency, chairperson Jerome Powell met with Coinbase CEO Brian Armstrong. According to Powell’s meeting calendar which was made public on Friday, the Fed chair held a 30-minute meeting with Armstrong as well as former House of Representatives Speaker …
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Choppy markets have defined the crypto space since Bitcoin (BTC) sold off on April 19, and indecisive markets like these can test the patience and fortitude of even the most dedicated traders and analysts, especially when the incessant calls for a bottom are met with lower lows. While the periods of low trading volume and …
Continue reading “Altcoin Roundup: Smart investors don’t just buy dips, they dollar-cost average”
Robinhood says Dogecoin (DOGE) accounts for a whopping 34% of its cryptocurrency transaction-based revenue in the first quarter of 2021. In its registration statement for an initial public offering (IPO) filed on Thursday, the company behind the zero-commission trading app reveals that 17% of its total revenue in the first three months of the year …
According to publicly available data from the University of Cambridge Centre for Alternative Finance and the International Energy Agency, or IEA, bitcoin (BTC) carbon emission intensity may have already peaked. The environmental impact of bitcoin’s electricity usage is a favorite talking point of its critics and journalists on the crypto beat. But taking in the …
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Bitcoin (BTC) price remains relatively unchanged on the 24-hour chart, down 0.56% and trading around $33,200 at the time of writing. The overall cryptocurrency market traded flat on July 2 with the approach of the Fourth of July holiday weekend in the United States. The lackluster trading volume coincided with a slight decline in the …
Continue reading “Axie Infinity (AXS) and Waves make gains as Bitcoin flatlines below $34K”
