Bitcoin (BTC)

The world’s largest cryptocurrency exchange, Binance, has experienced ailing on-chain activities since its $4.3 billion settlement with the United States Department of Justice (DOJ) less than two weeks ago. According to a report by market analytics platform CryptoQuant, Binance’s reserves have steadily declined as users continue to withdraw their assets. Binance Reserves Decline Binance’s reserves have witnessed a 20% drawdown from their all-time high, accounting for the...

TL;DR Bitcoin’s 2023 Surge: Bitcoin has risen over 130% this year, with upcoming factors including the December 13 FOMC meeting and the December 12 US inflation rate announcement potentially influencing further price movements. Interest Rate Impact: The Federal Reserve’s upcoming decision on interest rates, which might remain stable or decrease, is expected to affect Bitcoin’s value. Lower interest rates could encourage investment in BTC. Spot BTC ETF Prospects: The potential...

TL;DR Ethereum’s Price and Prospects: Ethereum (ETH) currently trades around $2,100, with the potential for a new all-time high influenced by market trends and technological advancements, especially its shift to proof-of-stake (PoS). Regulatory and Economic Factors: Ethereum’s future price could be affected by regulatory changes, with positive developments boosting investments and stricter regulations posing risks. Economic conditions and investor sentiment also play a...

Bitcoin initiated another impressive leg-up in the past 24 hours that resulted in charting a new 19-month peak at $39,000. Most altcoins followed suit, with SOL defending the $60 level, ETH remaining above $2,100, and ADA nearing $0.4. BTC Tapped $39K The business week started on a negative note as BTC slipped below $37,000 on Monday and failed to overcome that level on Tuesday morning. The situation started to change by the end of the day and, particularly on Wednesday, when...

Ripple, ein prominentes Kryptowährungssystem, bekannt für sein digitales Zahlungsprotokoll, anstatt sich auf die übliche Blockchain-Technologie zu stützen, verwendet ein einzigartiges Konsens-Ledger-System. Dieses System ermöglicht schnelle und kostengünstige internationale Geldtransfers, was es von anderen Kryptowährungen unterscheidet. Ein entscheidender Aspekt von Ripple ist die Gesamtzahl der existierenden Ripple (XRP) Token. Bei der Einführung...

A recent report from Grayscale Investments revealed an unexpected diversity in Bitcoin (BTC) ownership, with 74% of addresses holding less than 0.01 bitcoin, equivalent to approximately $380. Grayscale’s research dispels the inaccurate public belief that Bitcoin is predominantly owned by a few individuals, revealing around 40% of BTC’s supply is concentrated among institutions like exchanges, miners, governments, public companies, and long-term holders. Bitcoin’s Widespread...

AntPool – a prominent Bitcoin mining pool – has announced its decision to refund the staggering $3 million transaction fee that made headlines last week. The incident occurred when a user mistakenly submitted an 83 BTC gas fee, prompting AntPool’s risk control system to temporarily freeze the transaction during packaging. AntPool to Reimburse 83 BTC Gas Fee According to an update on November 30th, AntPool has set a deadline for the original owner to verify their identity...

Bitcoiners are blasting the British Broadcasting Corporation (BBC) following the outlet’s recent article discussing the blockchain network’s energy consumption. The public broadcaster cited a study claiming that every Bitcoin transaction consumes “a back yard swimming pool” worth of water, though critics say that the claim is based on “junk science.” Does Bitcoin Use Too Much Water? As published on Wednesday, the BBC’s article claimed that Bitcoin’s water consumption relates...

With the highly-anticipated Bitcoin halving just four months away, the world’s largest crypto asset is witnessing a strong rally driven by expectations of growing institutional demand. On December 1st, Bitcoin briefly surged past $38.8k, a threshold not observed since May 2022. Although it quickly dipped below $38.3k, Matrixport’s report presents a compelling case for Bitcoin’s ascent to $125,000 by the end of 2024, drawing on historical trends, halving events, and...

The cryptocurrency market increased throughout the past seven days, tapping over $1.5 trillion in terms of total capitalization. A lot of the gains are coming on the back of Bitcoin, which tested $39K for the first time in quite a while. With many analysts firmly bullish, let’s dive into what happened over the past week. Bitcoin’s bullish foothold continues, with traders setting their sights at $40K. The cryptocurrency was able to increase by a modest 1.4% throughout the past...