Known to be one of the oldest cryptocurrencies in the world, Litecoin (LTC) has been making headlines as it reported record high transaction numbers. According to the altcoin’s official Twitter account, it has serviced 39 million transactions as of December 29.  Add on to this the accompanying news that it has also hit second place in the unique addresses metric which grew to 52 million. These very bullish developments led to the token pumping 7% in the weekly timescale, according to… Source link

Bitcoin moved closer to the $17,000 level on Tuesday, as market volume begins to pick up following the New Year’s celebrations. This comes as traders turn their attention to tomorrow’s Federal Open Market Committee (FOMC) minutes report. Ethereum also continued to trade above $1,200 in today’s session. Bitcoin Bitcoin (BTC) edged closer to the $17,000 level on Tuesday, as traders turned their attention to Wednesday’s FOMC minutes report. BTC/USD hit a high of $16,760.45… Source link

Among the countless criticisms of crypto that emerged during its rise over the last several years, the environmental footprint of major blockchains like Bitcoin and Ethereum has been a major sticking point. But for Ethereum, those concerns are no longer valid thanks to a blockchain upgrade called “the Merge” that Ethereum’s global network of developers implemented on September 15, following years of planning and delays. The Merge changed what security model Ethereum uses to process the… Source link

Vitalik Buterin, the founder of smart contract protocol Ethereum (ETH), is breaking down what he’s bullish on for 2023. The crypto pioneer says that he’s hopeful Ethereum will reach the “basic roll-up scaling” milestone in his roadmap diagram shared on Twitter. Buterin says that milestone includes rolling out Ethereum Improvement Proposal (EIP) 4844. Explains EIP-4844’s website, “EIP-4844 introduces a new kind of transaction type to Ethereum which accepts ‘blobs’… Source link

Bitfarms Ltd. – 496 BTC mined in December 2022 –– 4.5 EH/s and 188 MW operating capacity at year end –– BTC-backed loan facility paid off in full – This news release constitutes a “designated news release” for purposes of the Company’s prospectus supplement dated August 16, 2021, to its short form base shelf prospectus dated August 12, 2021. TORONTO, Ontario and BROSSARD, Québec, Jan. 03, 2023 (GLOBE NEWSWIRE) — Bitfarms Ltd. (NASDAQ: BITF // TSX: BITF), a global Bitcoin self-mining… Source link

Monero Classic receives a strong long-term technical score of 96 from InvestorsObserver‘s research based on historical trading patterns. The proprietary scoring system weighs price movement from recent months to a year, analyzes the coin’s support and resistance levels, and where it is relative to long-term averages to determine whether it’s a strong buy-and-hold investment opportunity. XMC currently holds a superior long-term technical… Source link

“Shorts have stacked on (in LDO) following the outperformance in hopes that early investors sell (as per on-chain evidence),” crypto hedge fund Ouroborus Capital told CoinDesk. “However, it is likely as well that shorts can be squeezed, ushering another leg up as these on-chain sellers were merely closing their perp shorts/spot longs.” Source link

For several years, money has evolved and changed form; adapting to new technology as it goes. From the trade by barter concept to cowries and shillings, money has been conjured into one of the most important things in the world. This has influenced how value is perceived and instigated a digital movement researching if money can stretch and take form as other things other than fiat. As a result, cryptocurrency was birthed as a means to look into how non-monolithic money is and how… Source link

Bitcoin’s mining difficulty level fell 3.59% on Tuesday morning in Asia, after some U.S. mining firms unplugged due to deadly winter storms over the holiday season on top of continued cash shortages mainly caused by low Bitcoin prices and high energy costs. See related article: Bitcoin hashrate drops nearly 40% as deadly U.S. storm unplugs miners Fast facts The mining difficulty reading came in at 34.09 trillion at block height 770,112 in Tuesday’s biweekly adjustment, following a 3.27%… Source link

The Ethereum network eclipsed Bitcoin in terms of total transaction volume last year, though the king of crypto has managed to retain its crown when it comes to online search interest. According to data from Nasdaq and Ycharts shared on Reddit on Jan. 2, there were 338% more Ether (ETH) transactions in 2022 (408.5 million) Bitcoin (BTC) ones (93.1 million). ETH vs BTC transaction volumes – Nasdaq/Ycharts via Reddit The values shown in the chart are in millions of transactions, with the average… Source link