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| Author | Adrian Mathieu, Adrian S. Mathieu, Daniel Philips, John P. Njui, |
| Stats | Has published 741 posts about cryptocurrency |
El Salvador, the first country to make bitcoin legal tender, has officially mined the first bitcoin using volcanic energy. This was revealed when President Nayib Bukele shared a screenshot of a mined bitcoin on Twitter. We’re still testing and installing, but this is officially the fist Bitcoin mining from the volcanode - tweeted Bukele. Almost 22% of the country’s power market is geothermal....
Binance has reduced daily withdrawal limits for unverified accounts from 2 BTC to 0.06 BTC Binance has also reduced leverage on new futures accounts to 20x There is also a new tax reporting tool on Binance for users who are obligated to report their capital gains The exchange has implemented the new changes as it works towards complying with regulators globally The popular...
The Ethereum 2.0 network now has over 200k validators The Ethereum 2.0 deposit contract now has 6.42 million ETH staked worth $14.857 Billion Kraken is the largest single depositor with 12.5% of all ETH in the contract Ethereum is back to trading above the 200-day moving average and could keep pushing higher with the London Upgrade on the 4th of August The Ethereum...
Zilliqa's bridge to Ethereum will wait for the successful launch of ETH's London hard fork before going live This is because the London hard fork changes Ethereum's fee structure Once implemented, the team at Zilliqa will observe the London hard fork before upgrading the Zilliqa mainnet to support the bridge ZIL/USDT has escaped from the jaws...
Bitcoin seems to have recaptured the 50-day moving average as support Bitcoin is now firmly above the $34k price area, trading at the $34,720 at the time of writing Bitcoin's weekly close tonight will provide more information as to whether its bullish trajectory can be sustained Twitter sentiment surrounding Bitcoin has returned to bullish territory and could have entered a slight FOMO phase...
Litecoin whales holding 1k to 100k LTC have increased their holdings by 270k in the month of July Unique addresses on the Litecoin network have also grown by 47.5% in the last 10 days Litecoin's on-chain metrics are bullish. However, LTC's fate is tied to Bitcoin's Litecoin has pushed above a descending triangle that had formed since mid-May The 50-day moving average is...
The Purpose Ethereum ETF now holds over 62,000 ETH worth roughly $133.9 million The Ether ETF offers investor exposure to Ethereum and is listed on the Toronto Stock Exchange Interest in ETH continues to grow grown as Ethereum transitions to a Proof of Stake algorithm Ethereum might not dump after the London Upgrade on August 4th due to fundamentals and future growth The...
Bitcoin supply on crypto exchanges has once again started to drop, almost equaling January lows Bitcoin outflows from exchanges have exceeded inflows by 2,333 BTC in the last 7 days Elon Musk and 'The ₿ Word' Bitcoin conference is one reason BTC is bullish once again Jack Dorsey stating that Bitcoin will be a big part of Twitter's future, is another fundamental reason...
The daily transaction count on the Binance Smart Chain has increased by 92% in one month Active daily addresses on the Binance Smart Chain have increased by 33% in the same time period Dapps on the Binance Smart Chain are growing with games and play-to-earn applications leading the rest in unique wallet interactions 4 of the top 5 games on the Binance Smart...
Zilliqa is taking a strong lead amongst layer-1 protocols on a technical level Zilliqa is also being built from the ground up with sharding at its core Zilliqa, therefore, is in a unique position till Ethereum can implement its own scaling solutions Scilla, the programming language being used on Zilliqa, is also an easier, safer alternative to Solidity The Zilliqa ecosystem continues to...
Theta Network will release version 3.1.0 of its mainnet on July 25th with the hard fork occurring on July 30th The new iteration of the Theta Network mainnet will support the Ethereum RPC API The compatibility with Ethereum RPC API will lower the learning curve of users migrating from Ethereum and open the doors for the development of a cross-chain bridge between Theta...
Elon Musk has revealed that he personally owns Ethereum, Bitcoin and Dogecoin Mr. Musk made the revelation during 'The ₿ Word' virtual conference Elon Musk also revealed that both Tesla and Space X own Bitcoin Ethereum is currently attempting to reclaim the $2k price area as support The founder of Space X and CEO of Tesla, Elon Musk, has revealed that he personally...
Tether CTO, Paolo Ardoino, has emphasized that Tether will keep leading the pack in transparency Mr. Ardoino also pointed out that Tether is working on a full audit with regulators His comments on Tether come after the team at Paxos, stated that USDT and USDC are not regulated digital assets since they are backed by illiquid and risky debt obligations The CTO at...
Elon Musk has stated that Tesla will most likely resume accepting Bitcoin for car payments He pointed out that Bitcoin mining had shifted more towards renewables as China clamped down on coal-powered BTC mining within its borders Mr. Musk made the comments during 'The ₿ Word' virtual conference that was attended by Cathie Wood, Jack Dorsey, Elon Musk and moderated by Steve Lee...
There is a new WordPress plugin that allows websites to accept IOTA According to Weiss Ratings, the WordPress plugin could increase accessibility and mainstream adoption for IOTA IOTA (MIOTA) is trading in bearish territory below the 50-day, 100-day and 200-day moving averages However, there is a possibility of a trend reversal for IOTA (MIOTA) in the crypto markets Website owners and developers who...
The Shiba Inu subreddit community of r/Shibarmy has exceeded 200k subscribers r/Shibarmy now has over 201,521 members ShibaSwap is now listed on DappRadar's DeFi rankings coming in at number 11 with $1.49 billion in total value locked SHIB/USDT has bounced off the $0.0000057 support zone to post a local high of $0.00000653 The Shiba Inu (SHIB) subreddit community of r/Shibarmy has hit a...
Grayscale's Litecoin Trust (LTCN) is trading at a 463.95% premium Each LTCN is trading at $59.83 in pre-market trading Each LTCN represents 0.09187613 LTC which is an actual value of roughly $10.42 using a Litecoin rate of $113.40 Grayscale's Litecoin Trust now holds LTC worth $168.45 Million Litecoin has bounced off the $100 support but remains in bear territory According to Bybt.com, Grayscale's...
Binance recently carried out its 16th BNB coin burn worth $393,673,653 This was the second coin burn of 2021 with the 15th coin burn (Q1) being worth $595,314,380 The two coin burns add up to a total of roughly $1 Billion of BNB destroyed The reduction in supply is bullish for the long term value of BNB However, short-term, Binance Coin faces a...
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 of the $28k support will open the door...
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 be allocated the lions share of the fund...
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