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Crypto News

With Intensified Renewable Energy Transition, Bitcoin Mining HashRate Hits New Record

Despite Bitcoin's (BTC) price struggling to stay over $20,000, mining activity for the commodity appears to be booming, and rivalry among miners is only increasing. As a result, this situation has caused the hash rate of mining Bitcoin to reach a new peak. Based on the 30-day moving average, the Bitcoin mining hash rate surged to a new all-time high of 226.633 EH-s on September 25. Since its lows in early August, the hash rate has been steadily rising.

Finbold - 1435 ngày trước

Skilled Trader Pinpoints The Perfect Buy Zone For Cardano

Crypto investors and traders are examining the price activity of the Cardano (ADA) token to forecast its movements in the near future and choose the best opportunity to buy after the much-anticipated Vasil update was applied on the Cardano (ADA) network. Michal van de Poppe, a well-known cryptocurrency trading specialist, stated that the ideal time to purchase Cardano would be when its price moved into the range of $0.30 and $0.375.

Finbold - 1435 ngày trước

1 Million Australians Will Start Using Cryptocurrencies In The Coming Year

According to a recently published survey, over the course of the next 12 months, over one million Australians will buy cryptocurrencies for the first time, bringing the country's total number of cryptocurrency owners to over five million. Australians will own 21% more cryptocurrencies in 2022, up 4% from the previous year. This number is expected to rise by an additional million new cryptocurrency owners in 2023, the survey claims.

cointelegraph - 1436 ngày trước

Ethereum's Co-Founder, Vitalik Buterin Wants Dogecoin And Zcash To Switch To Proof-of-stake

Vitalik Buterin, the co-founder of Ethereum, hopes that Zcash, a privacy token, and Dogecoin, a popular joke coin, will switch to the Proof-of-Stake (PoS) consensus algorithm from the Proof-of-work. Prior to this year, it was known that Vitalik was collaborating with the Dogecoin organization to transition the cryptocurrency from PoW to PoS. However, The switch currently doesn't have any day for the switch.

BeInCrypto - 1436 ngày trước

Since Last November, Ethereum Transaction Fees Have Significantly Decreased

Since the eye-popping days of 2021's DeFi Summer and the ensuing boom in non-fungible token issuances, the cost of handling transactions on the Ethereum network has considerably decreased. As of September 22, the cost of an Ethereum transaction has fallen to its lowest level over the past two years. The number of transactions on Ethereum and the number of daily active users have not decreased at the same time, despite transaction costs reaching new lows.

theblock - 1436 ngày trước

Moscow Exchange Plans To Enter The Crypto Market

Russia's largest stock exchange, the Moscow Exchange (MOEX), is drafting a bill to allow trading of digital financial assets (DFAs) and securities based on them. MOEX supervisory board chairman Sergei Shvetsov said the bill prepared to allow trading of both DFA and DFA certificates would trade like securities. The stock exchange is writing the bill on behalf of the Central Bank of Russia.

Bitcoin News - 1436 ngày trước

Disney Seeks To Hire Transaction Lawyers As It Expands Into Web3

The Walt Disney Company is looking to hire a transaction lawyer to explore emerging technology opportunities, including NFTs, working at an "accelerated and aggressive timeline," according to a job posting on LinkedIn. The job ad added that the hire would “partner with business teams as they plan new global emerging technology projects" across additional segments like the metaverse and decentralized finance.

theblock - 1436 ngày trước

Shiba Inu Has Added Over 35,000 New Holders In Three Months

SHIB has 1,226,030 holding addresses as of September 23, gaining around 35,834 additional holdings in three months. According to data from analytical tool CoinMarketCap, the new investors represent a 3% increase from the previous day's total of 1,190,196. According to the data presented, the number of SHIB holders increased gradually beginning at the end of June until declining in early August

Finbold - 1436 ngày trước

Charles Hoskinson States Catalyst To End Crypto Winter, Kicking Off Another Bull Run

Charles Hoskinson, founder of Cardano, claims to have uncovered the event that will end the prolonged general "cryptocurrency winter", resulting to market crash and will spark the next major industry-wide rise. Charles Hoskinson, founder of the smart contract platform, said in a new interview with Cheeky Crypto that if the US government passes the Financial Innovation Act, the crypto markets would go on a massive bull run.

The Daily Hodl - 1436 ngày trước

A Guatemalan Town Uses Bitcoin Miners To Clean A Local Lake

A circular Bitcoin economy called as "Bitcoin Lake" in Guatemala is using Bitcoin ASICs to clean the neighboring Lake Atitlán while also earning money for the community. The "Kaboom" mining operation, as Bitcoin Lake Founder Patrick Melder described, repurposes leftover cooking oil to help mine Bitcoin rather than polluting the local environment. The initiative is a follow-up to previous attempts at lake cleaning that were both costly and unsuccessful.

CryptoPotato - 1437 ngày trước

Crypto News

Bitcoin Open Interest Surges by $1.8 Billion as Price Breaks $27,000

Bitcoin's Open Interest has surged by $1.8 billion as its price broke the $27,000 mark, indicating a strong influx of investor interest. Open Interest tracks the total value of Bitcoin futures contracts open on derivative exchanges, with rising figures signifying increased market activity and potential volatility. The recent jump from $11.04 billion to $12.81 billion suggests heightened trading and leveraged positions. The future direction of Bitcoin's price remains uncertain, with the surge potentially fueled by shorts covering positions or longs hoping for further gains. The funding rate suggests a balanced mix of long and short positions.

newsbtc - 1078 ngày trước

Bitcoin Poised for Parabolic Rise with Institutional Capital Inflow, Says Morgan Creek Capital Founder

Morgan Creek Capital founder Mark Yusko predicts a bright future for Bitcoin (BTC) as institutional capital worth hundreds of billions is expected to enter the market. Yusko points to Bitcoin's historical trend of adding a zero to its price following each halving event, with the next one slated for April 2024. He anticipates a 1.5x increase from the current all-time high, potentially reaching $100,000. Additionally, Yusko believes Bitcoin exchange-traded funds (ETFs) will be approved by late 2023 or early 2024, leading to a substantial influx of capital into the cryptocurrency.

The Daily Hodl - 1078 ngày trước

Citigroup Leads the Way with Permissioned Blockchain for Institutions

Citigroup has unveiled Citi Token Services, a permissioned blockchain platform designed for institutional clients, offering access to tokenized deposits, cross-border payments, and automated trade finance around the clock. This move aligns with Citigroup's goal of creating a 24-7, on-chain, programmable financial system. The partnership with Maersk enables instant payments through smart contracts, benefiting companies with numerous vendors. Citi Token Services also aids corporate treasurers in managing global liquidity more efficiently. Meanwhile, JPMorgan is reportedly still in the early stages of exploring a similar private blockchain service, lagging behind Citigroup's innovation.

Blockworks - 1078 ngày trước

Bitcoin Dominance Soars Above 50%, Emerging as the Crypto Safe Haven

Bitcoin is making a strong comeback, currently priced at $26,684 and holding over 50% of the total cryptocurrency market, boasting a market cap of approximately $520 billion. This milestone is significant as it contrasts with the stagnation or decline of many alternative cryptocurrencies (altcoins). Ethereum, the closest rival, sits at $1,632.09, with other altcoins showing modest gains or losses. Bitcoin's resurgence aligns with historical trends, often thriving during bear markets, cementing its status as a digital "safe haven." Despite gains, it remains below its peak dominance levels, but its return to prominence is noteworthy.

U.Today - 1078 ngày trước

Animoca Game Studio Pioneers Bitcoin-Backed Metaverse Token, Ushering in Bitcoin's Next Phase

Animoca Brands subsidiary Darewise Entertainment is set to introduce the first-ever metaverse token on the Bitcoin blockchain. The token is aimed at powering a comprehensive ecosystem for gaming, brands, and real-world experiences. This move represents a significant expansion of Bitcoin's capabilities beyond a store of value. The metaverse token will facilitate in-game assets and virtual lands for the Life Beyond metaverse project, marking a new era for Bitcoin. Darewise Entertainment is partnering with Horizen Labs to develop and expand the Ordinals ecosystem on Bitcoin, with more innovations expected in the coming months.

Bitcoin News - 1079 ngày trước