OP Is Up 32% In the Past Week Layer 2 adoption is booming, with Optimism setting new records for activity and the combined transaction volume of optimistic rollups closing in on Ethereum’s mainnet. On Jan. 7, Optimism’s daily transaction count hit a new all-time high of almost 700,000, according to Etherscan. The milestone marks a 700% increase in activity since September 2022. “As blockchain technology is gaining more mainstream recognition, L2s will outshine Ethereum Mainnet,… Source link

Ethereum Layer-2 (L2) on-chain activity has been increasing to the extent that the leading two networks now process more transaction volume than the Ethereum network. Layer-2 networks Arbitrum and Optimism have seen an increase in transactions over the past three months. Comparatively, aside from a few spikes, transactions on the Ethereum network have declined by around 33% since late October according to Etherscan. This has enabled the two L2s combined to flip Ethereum for this metric,… Source link

Bitcoin was the world’s most pollutive cryptocurrency of 2022 after producing almost a ton of carbon dioxide (CO2) in emissions per transaction, according to a report from Forexsuggest.com, a foreign exchange and education platform based in Luxembourg. See related article: Can Ethereum’s proof-of-stake transition save the planet? Fast facts The Bitcoin network saw a substantial increase in CO2 emissions last year after pollution was reduced in 2021, the report said. The entire Bitcoin… Source link

Investors piled money into bitcoin futures ETFs in 2022, even though the price of the cryptocurrency plunged 65 per cent. Investors ploughed $241mn into the six US bitcoin futures ETFs during the first 11 months of 2022, according to data from Morningstar Direct. And most of that money — $198mn — was added after June, which bitcoin payment service provider Bitpay marks as the start of a crypto “deep freeze”. ProShares in October 2021 launched the ProShares Bitcoin Strategy ETF,… Source link

Bitcoin and Ether prices rose in Wednesday morning trading in Asia along with most other top 10 non-stablecoin cryptocurrencies, continuing a strong start to the year on signs inflation is slowing in the U.S. Leading memecoin Dogecoin saw the biggest daily gains, while Cardano led the pack for the week. Litecoin and Solana were the only losers on the list. See related article: Coinbase to cut 20% of its remaining workforce Fast facts Bitcoin rose 1.5% to US$17,452 in the 24 hours to 8 a.m. in… Source link

As we head into a new year, 2023 is set to be the best time to look for cryptos to buy. The turbulence last year due to rate hikes and the selloff of cyclical assets such as cryptos might make it look all doom and gloom. But the bottom has historically been the best time to buy. Of course, it is difficult to predict the actual bottom, but many projects now sit well below pre-pandemic prices, with little downside risk. Moreover, Bitcoin (BTC-USD) will halve its mining rewards sometime… Source link

The average crypto investor probably isn’t planning on dying of old age anytime soon, but that doesn’t mean they shouldn’t have a plan in place to pass on their crypto in the event they meet an unlikely demise, lawyers warn. Speaking to Cointelegraph, Dubai-based crypto lawyer Irina Heaver believes that “billions” worth of Bitcoin (BTC) has been lost due to a lack of proper death-related planning by hodlers. She noted that many families have been unable to access their loved one’s… Source link

The average crypto investor probably isn’t planning on dying of old age anytime soon, but that doesn’t mean they shouldn’t have a plan in place to pass on their crypto in the event they meet an unlikely demise, lawyers warn. Speaking to Cointelegraph, Dubai-based crypto lawyer Irina Heaver believes that “billions” worth of Bitcoin (BTC) has been lost due to a lack of proper death-related planning by hodlers. She noted that many families have been unable to access their loved one’s… Source link

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Bitcoin’s price has taken a hit since it hit its all-time high back in 2021, and as a result, the number of bitcoin millionaires has dwindled dramatically since then. These addresses holding more than $1 million in BTC peaked in November 2021 and have been on a steady decline since then. Bitcoin Millionaires Suffer Losses Back in November 2021, when the bitcoin bull market was in full bloom, the number of BTC millionaires had crossed 100,000 wallets. At its highest point, there were… Source link