The latest market crash has left Bitcoin in shambles. Dropping from its November all-time high of $69,000 to its two-year low of just $18,000, Bitcoin dragged the rest of the market with it deep into the red. However, unlike the rest of the crypto market, Bitcoin didn’t see activity on its network subside. The latest data from Glassnode showed that the total number of unique addresses on the Bitcoin network reached its all-time high. Over 1 billion unique addresses currently participate in… Source link

Bitcoin has been recovering of late. Alongside, funds providing exposure to the asset have also started faring well. Take the case of Canada’s Purpose ETF itself, for instance. In mid-July, BTCC was trading at its local lows around 3.7 CAD. However, now, its price stands at 4.7 CAD. US’s ProShares Bitcoin ETF has also increased from $11.6 to $14.8 in the same period. When viewed in conjunction, BTC, BTCC, and BITO have all inclined by the same 26%-27% over the past month. Source:… Source link

According to a fresh prediction from crypto analysis firm Arcane Research, miners will continue to sell more BTC than they earn. Miners sold nearly 30% of record BTC stash since May The trip to $25,000 this month decreased pressure on a Bitcoin mining sector which has struggled throughout 2022. At one point, fears abounded that miners’ production cost was far higher than the Bitcoin spot price, and that heavy sales would result in order for miners to stay in business. Worse still, many may… Source link

Monero price soared to the highest point since June 11 of this year as investors cheered the latest network  The XMR token rose to a high of $173, which was about 78% above its lowest level this month, giving it a market cap of over $3.1 billion. Why is XMR rising? Monero is the biggest privacy-oriented token in the world. It is a leading cryptocurrency that uses advanced technology to ensure that transactions in the network cannot be tracked. As a result, Monero is widely used in the… Source link

Litecoin price has continued to trade within an ascending channel, and in today’s trading session, it is up by less than a percentage point. However, there are signs that the trend will be short-lived due to the recent bearish price action. With the resurgence of the cryptocurrency industry, which started a few weeks ago, Litecoin has strongly trended upwards, following the trend of other major cryptocurrencies such as bitcoin. Part of the reason for this is due to Litecoin being highly… Source link

The global markets remained stable during the weekend as Bitcoin maintained its trend close to $24,000. Over the past few days, the needs underwent tremendous selling pressure as the price surged beyond $25,000. However, since the early trading hours, the bulls appear to have gained some strength that has eased the selling pressure.  Therefore, popular altcoins display their tendency to propel high to reach immediate resistance in the coming days. BinanceCoin(BNB) BinanceCoin price is… Source link

This is an opinion editorial by Ella Hough, a student at Cornell University, pursuing degrees in cognitive science and moral psychology. Recently, I’ve been looking into some of the numbers associated with Bitcoin. While I haven’t exactly come to an overarching conclusion, I find the very common presence of 0, 1, 2, and 6 together fascinating, along with 3 and 9. The reason for my fascination came after reading the following quote and explanation of Nikola Tesla’s theory that “If you… Source link

Monero [XMR], one of the most renowned privacy coins, underwent a successful hard fork on block 2,688,888, this Sunday (14 August). The upgrade incorporated significant changes to make the network more secure and private. But the question is- Did XMR see any interesting happenings on-chain or on its price action? Upgraded life  The team behind the aforementioned protocol shared this development about the hard fork on 14 August. It brought several fixes to the internal… Source link

Monero, the privacy-oriented decentralized cryptocurrency project, underwent a planned hard fork event on Saturday, introducing new features to boost its privacy and security. The network upgrade was delayed from July 13, when it was first planned for release, due to multi-sig security fixes, critical security patches, and more time needed to resolve hardware wallet incompatibility issues. Completed at block 2,688,888, the hard fork now features a larger ring size (from 11 to 16), an… Source link

After three years of dormancy, a massive ethereum whale that participated in the project’s first token sale, also known as the Genesis initial coin offering (ICO), spent 145,000 ether worth just over $276 million using today’s ethereum exchange rates. Mega Ethereum Whale Distributes 145,000 Ether to 9 Different Addresses On August 14, 2022, onchain data indicates that a whale who participated in the Ethereum Genesis ICO has moved 145,000 ETH to various addresses. The funds were… Source link