Crypto news

Would you be willing to overpay to have your stalled Bitcoin transaction processed more quickly? Data shows that you most certainly would. The use of Replace by fee —a transaction feature on the Bitcoin network that allows increasing the fee once the transaction is submitted— more than doubled in 2021, in what may be a sign that Bitcoin adoption has also led to increased competition among users to put their transactions on the next block. Replace By Fee: The Old Hidden Secret...

Elon Musk has come out in support of Dogecoin once again. This time, he’s saying it’s superior to bitcoin primarily because all the latter has done is give power to new rich people. Elon Musk On Why He Supports Doge Musk has long been a proponent of Dogecoin. He has referred to it as the “people’s coin” and at one point, was in line to become the newest CEO of the asset. This later turned out to be internet fluff, though it sure had investors going. In a recent...

FTX US, the United States division of global cryptocurrency exchange, FTX.com, revealed today that its customers will soon be able to access crypto derivatives and non-fungible token (NFT) services on the platform. According to Brett Harrison, the president of FTX US, the exchange is building a self-hosted wallet that will support FTX NFTs and NFT gaming. The crypto exchange is also looking to offer tokenized stock trading to US customers. – derivatives for US customers–...

Mike Novogratz – the CEO of Galaxy Digital Holdings Ltd. – says that bitcoin doesn’t consume nearly as much energy as everyone seems to think it does. Mike Novogratz Discusses How Much Energy BTC Really Uses Energy consumption has been a big topic in the world of bitcoin and cryptocurrency over the past year or so. Environmentalists everywhere seem to believe that mining crypto is somehow going to destroy the planet or render it unusable in some way. Even big names in...

One of the largest cryptocurrency mining companies – Marathon Digital Holdings – bought 78,000 Antminer S-19 XP Miners from the Chinese manufacturer – Bitmain. To acquire the equipment, the firm spent nearly $900 million. Marathon Deepens Its Mining Efforts According to the filing with the Securities and Exchange Commission, Marathon Digital Holdings (NASDAQ symbol: MARA) will receive the machinery in the second half of 2022. Bitmain will deliver 13,000 units per month in...

The MDEX Foundation recently announced the establishment of a special fund for metaverse projects, to pay close attention to the developing trends around the metaverse concept. The fund intends to support all kinds of quality start-up META, GameFi and NFT projects in their incubation phase by expanding access to a broad array of ecological resources. If there are new things that make both the crypto and the non-crypto circle heed attention to at the same time, Metaverse...

The world of NFTs continues to boom as more and more people seem attracted to the idea of scarce digital art. However, while some projects are surging in value, others are on a rather downward slope. Data reveals that over the past three months, the floor price, which is the lowest price for a non-fungible token (NFT) from a certain collection, for the Board Ape Yacht Club NFTs increased by a considerable 35%. As CryptoPotato reported earlier in December, the floor price for...

Christine A. Parlour is the Sylvan C. Coleman chair at UC Berkeley’s Haas School of Business. She has taught investing courses for years and has recently introduced crypto into some of her courses to help students better understand this risky yet growing industry. Christine Parlour Discusses the Crypto Market In a recent interview, Parlour offered some thoughts on the significance of crypto and how it can potentially change the world of finance. She says: Over time, as...

XRP is approaching a key support level after losing most of the gains from last week. Key Support levels: $0.75 Key Resistance level: $0.89, $1 XRP broke below the critical level at $0.89 on Tuesday when most of the crypto market took a downturn, as Bitcoin plunged below $50K. Now, the key level – $0.89 – has immediately turned into key resistance. On the other hand, the next support is lies at $0.75. As long the overall market sentiment remains bearish, XRP is likely to...

Non-Fungible Tokens (NFTs) are becoming an essential part of the digital landscape. They are unique and non-interchangeable crypto assets issued on the blockchain, and the most popular ones are on Ethereum and Solana. As of 2022, their market has grown from $350 million to roughly $15 billion in just one year. Quick Navigation Unlike standard tokens, NFTs are non-interchangeable. They serve as digital representations of items, such as artworks, images, videos, or anything...