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Bitcoin Daily Transactions Surge to Record Highs, But These Alternative Metrics Bode Less Well for BTC Price
2.5.2023
The number of transactions taking place on the Bitcoin network hit a record high of 682,099 on Monday, according to data presented by crypto analytics firm Glassnode.
A surge in the last few days has seen the number of Bitcoin transactions fly past its prior record high of around 425,000 printed...
More TPS, less gas: Ethereum layer 2 Starknet outlines performance upgrades
1.5.2023
Starknet makes performance improvements top priority in 2023, aiming to increase throughput, lower latency and reduce transaction costs
Crypto AI Economy Suffers $730 Million Loss in 2 Months as Interest Wanes
22.4.2023
Less than two months ago, a collection of 74 listed cryptocurrencies centered around artificial intelligence (AI) amassed an impressive $4 billion valuation. However, the intervening weeks have seen a sharp decline in crypto-AI economy gains, with losses of $730 million. The three most prominent...
Global Reserves Held in US Dollars Fell to Less Than 50% — Official States It Has Become a ‘Toxic’ Currency
22.4.2023
The percentage of reserves held in U.S. dollars by central banks has fallen to less than half of the global total of reserves, according to a note from Eurizon SLJ Asset Management. The note states that the recent sanctions enacted by the U.S. against the Bank of Russia have eroded trust in...
PEPE achieved a market cap of $86 m in less than 5 days
19.4.2023
PEPE is a newly announced Ethereum-based token. The name is a play on Pepe the Frog, a memetic emblem currently popular in cartoons. It has successfully maintained a market capitalization of $86 million. This was accomplished prior to the five-day timeframe. As a result, according to CoinGecko,...
De-Dollarization: China, Brazil Can Be Instrumental in Building Less Centralized World With No Hegemony, Says Lula’s Adviser
17.4.2023
Brazil’s President Luiz Inacio Lula da Silva’s chief adviser on foreign policy, Celso Amorim, says China and Brazil “are coming closer together” and they could play important roles in building a less centralized world with no hegemony. Commenting on de-dollarization, he stressed:...
Less than 1% of staked ETH estimated to be sold after Shapella: Finance Redefined
14.4.2023
The top 100 DeFi tokens surged along with the broader crypto market as the total value locked peaked at a new yearly high of over $54 billion
Less than 1% of staked ETH estimated to sell after Shanghai upgrade: Glassnode
12.4.2023
The analytics firm backed up its prediction, stating only 253 validators have signed up to fully exit their staked Ether position
Stablecoin less preferable form of tokenized money, BIS paper finds
11.4.2023
Bearer instruments such as stablecoin harken back to the days of pre-central bank “free banking,” with all the risks that implies, a BIS working paper says
Dollar to Play Lesser Role Due to Its Weaponization, Digital Currencies, Economist Jeffrey Sachs Says
10.4.2023
Within the next decade, the U.S. dollar will play a much less dominant role than it is today, according to Jeffrey Sachs. The renowned economist listed a few factors for the diminishing status of the greenback such as its use as a political weapon by Washington, the introduction of currencies like...
Former FTX CEO Seeks $10M Insurance Fund for Legal Defense, Request Opposed by FTX Debtors and Unsecured Creditors
30.3.2023
Court filings reveal that the FTX co-founder is seeking access to a $10 million insurance plan to cover his attorney fees. FTX debtors and unsecured creditors have opposed Sam Bankman-Fried’s request, arguing that every dollar spent on his defense is “one less dollar” available to cover...
Bitcoin Halving Approaches: Less Than 400 Days Until Block Reward Subsidy Is Cut in Half
29.3.2023
According to current statistics, the Bitcoin network is fewer than 56,000 blocks away and less than 400 days away from the next reward halving. After the next halving, the block reward will be reduced by 50%, and the current block subsidy of 6.25 bitcoins will drop to 3.125 bitcoins per block...
Digital Assets Worth 2 Billion Rubles Issued in Russia in Less Than a Year
16.3.2023
Digital financial assets (DFAs) for a total exceeding $26 million have been issued in Russia in the past year. This new market has been developing since it was regulated in 2021 and the country’s monetary authority started licensing issuers in the following year. Volume of Digital Assets Increases...
Meta Discontinues NFTs on Facebook and Instagram Less Than a Year After Launch – Here’s the Latest
14.3.2023
Facebook parent company Meta has decided that, less than a year after kicking off the functionality allowing to buy and sell non-fungible tokens (NFTs) via its two flagship platforms, Facebook and Instagram, it will shut down NFT trade, as announced by senior company representatives. ...
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DeFi Privacy Bridge Aztec Connect Sunsets After Less Than a Year
13.3.2023
The backing Aztec Network is open sourcing the bridge and moving on to next-generation products
Ethereum layer-2 solutions may focus less on token incentives in the future
11.3.2023
Token incentive models may become obsolete as layer-2 networks focus on ease of functionality and low fees, but how will this impact decentralization?
Crypto Accounts for Less Than 2% of El Salvador’s Remittances – Has BTC Adoption Plan ‘Failed?’
2.3.2023
Crypto accounts for less than 2% of all of the remittances made to El Salvador, new government figures show. And critics say this is proof that the nation’s Bitcoin (BTC) adoption plan has failed....
Read More: Crypto Accounts for Less Than 2% of El Salvador’s Remittances – Has BTC Adoption Plan...
UBS Strategists Predict Minimal Impact of Upcoming Mt Gox Payouts on Bitcoin Value
1.3.2023
A recent report published by market strategists from the investment bank and financial services company UBS says that the upcoming Mt Gox payouts won’t destabilize bitcoin’s value. While a new supply will come to the market, UBS strategists insist that “it would be less...
Bitcoin exchanges now own 16% less BTC than the oldest hodlers
28.2.2023
"Wild" data shows that more of the BTC supply has been dormant for at least a decade than that available for purchase on exchanges
Crypto Lobbying Needs a Reset: More FTC, less SEC
24.2.2023
Of all the Securities and Exchange Commission’s actions against crypto entities that have stirred the industry’s ire, the agency’s recent move forcing New York-based Paxos to cease issuing its partner Binance’s BUSD stablecoin is the most deserving of an outcry. How, critics rightfully asked, can...