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Bitcoin Difficulty Hits Record 64.68 Trillion Amid 5 Straight Increases Since September
12.11.2023
On Sunday, November 12, 2023, Bitcoin’s difficulty metric climbed 3.55%, reaching a new peak of 64.68 trillion at block height 816,480. This adjustment marks the fifth consecutive rise in the network’s difficulty since September 19. Bitcoin Difficulty Rises 3.55% Higher The quest...
Arthur Hayes Insists Bitcoin Has ‘Proven to Outperform Bonds During Times of War’
11.11.2023
In an environment of surging U.S. deficits and monetary easing, former Bitmex CEO Arthur Hayes delivered a critical review this week of Treasury Secretary Janet Yellen’s fiscal and monetary strategies. Hayes highlighted the complexity and rise of bond yields and the role of bitcoin as...
As PEPE2 Dumps After 1,000% Move, But This Audited Bitcoin Project Has Secured $200,000 in Funding – 100x Potential?
10.11.2023
As copycat tokens rise on DEX markets, the latest spin-off PEPE2 token has undertaken a +1,000% move, yet, amid the surge a breakout, warning signs reveal a potential scam, while safer Bitcoin project is capturing the attention of traders. Recent months have seen a huge trend in explosive...
Lloyds Bank Warns Over Rising Threat of Crypto Scams
10.11.2023
Source: AdobeStock / JeromeMaurice Lloyds Bank has issued a warning over a significant surge in crypto scams, revealing a 23% rise from the previous year. As per the UK bank’s report, victims are losing an average of $13,130, marking a notable rise from the previous year’s average of $8,570....
Marathon Digital Reports $97.5 Million Revenues in Q3 2023 With Massive Surge in Bitcoin Production
9.11.2023
Source: AdobeStock / Photocreo Bednarek Marathon Digital Holdings, a prominent Bitcoin mining company, has announced a remarkable financial performance in the third quarter of 2023. The company reported a substantial 670% year-on-year increase in profit, primarily driven by a nearly five-fold rise...
Bitcoin Call Skew Hints at Further Price Rise as Spot ETF Optimism Energizes BTC
9.11.2023
The one-month call-put skew has risen above 10%, indicating a strongest bullish bias in 31 months
Cryptocurrency Confiscation on the Rise: Impact of IRS’s Surveillance Plans
8.11.2023
Source: AdobeStock / Vitalii Vodolazskyi As the Internal Revenue Service (IRS) moves forward with its plans to enhance surveillance of cryptocurrency transactions, some worry that it might lead to a surge in crypto confiscations. A 2022 report published by the Department of Justice (DOJ)...
Why Institutional Allocation to Crypto Is on the Rise
7.11.2023
Financial insitutions have been slow to get into digital asset markets. But, as regulatory clarity improves, that’s about to change, says Erik Anderson, Global X’s Senior Digital Assets Research Analyst
Bitcoin’s Transaction Backlog Swells With Latest Inscription Wave, Pushing Fees Up 4,000%
7.11.2023
After a quiet period post-September 15, Bitcoin transaction backlogs are surging anew, with a noticeable resurgence of Ordinal inscriptions starting October 24. The number of pending bitcoin transactions in the mempool has surpassed 157,000, prompting a rise in high-priority transaction fees...
Billionaire Investor Charlie Munger Sees Bitcoin’s Rise as Disruptive Threat to Traditional Finance
6.11.2023
Berkshire Hathaway’s Vice Chairman, Charlie Munger, recently reiterated his harsh critique of Bitcoin, labeling it as a threat to traditional finance in an interview with the Wall Street Journal. Munger, the long-time business partner of Warren Buffett, didn’t mince words in expressing...
NFT Markets Rebound With 18% Rise to $106M; Bitcoin NFTs Take Second Place Under Ether’s Lead
5.11.2023
Between October 29 and November 5, 2023, sales of non-fungible tokens (NFTs) rose by 18.30% compared to the week before, reaching a high of $106.32 million. This week’s NFT statistics reveal an uptick in activity, with the number of buyers and sellers climbing by 17.77% and 15.82%...
Smart Contract Platform Tokens Command 26% of Crypto Economy Amidst Market Gains
5.11.2023
It’s been a strong week for smart contract platform tokens, with the top ten performers all notching growth against the U.S. dollar. The rise ranged from ethereum’s (ETH) 4.2% jump to solana’s (SOL) 32.5% surge. The smart contract coin sector witnessed 32 crypto assets...
Bitcoin Price Prediction as Weekend Trading Volume Pushes Past $10 Billion – Here are Key Levels to Watch
5.11.2023
Over the weekend, Bitcoin‘s trading volume surpassed $10 billion, reflecting its robust activity in the market. The cryptocurrency experienced a modest gain of nearly 1.50% on Sunday, with its price reaching $35,228. The rise in Bitcoin’s value accompanies positive endorsements from...
NFTs on the Rise Again: October Saw 32% Growth in Trading Volume – Trend to Continue This Month?
4.11.2023
The market for non-fungible tokens (NFTs) is experiencing a resurgence, with October witnessing a substantial 32% growth in trading volume compared to the previous month. According to data released by crypto data firm DappRadar, NFT trading volume surged by $99 million, reaching $405 million...
Rosfinmonitoring: Crypto Popularity Soars in Russia, 185K Transactions Registered in 2023
3.11.2023
Director of Rosfinmonitoring Yuri Chikhanchin referred to the rise in popularity that crypto is experiencing in Russia in a recent interview, stating that more than 185,000 cryptocurrency transactions were completed during the first nine months of 2023. Chikhanchin also called for regulation in...
Georgia National Bank Partners with Ripple to Host New Digital Lari CBDC Pilot – Adoption on the Rise?
3.11.2023
The National Bank of Georgia (NBG) has partnered with Ripple as the official technology provider for its Central Bank Digital Currency (CBDC) pushing for a pilot in the near term. In a Nov 2 press release, blockchain payment firm Ripple announced that it has been selected to power the Digital Lari...
Sponge Price Poised For Breakout As Highly Anticipated Staking Mechanism Goes Live With Alluring Variable APY
3.11.2023
Friday, November 3, 2023 – As meme coin markets bounce back with a 4.53% rise in volume, Sponge token’s new staking mechanism has triggered a bullish posturing in the $SPONGE price chart. The strengthened position of the Sponge token price appears to have been triggered by renewed...
Kotaku’s Weekend Guide: 6 Games To Welcome In November
3.11.2023
Oh my god, it’s November. Don’t ask me how or why. I don’t make the rules and I have no answers. What I do have, however, is a solid list of game recs for your weekend.Read more
Analyst Predicts Bitcoin Price Rising to $150,000 by 2025 — ‘Imminent’ Approval of Spot Bitcoin ETFs Expected
2.11.2023
Global asset management firm Alliance Bernstein expects the price of bitcoin to reach $150,000 by 2025. The firm’s analyst has predicted “imminent” approvals of spot bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC), including those by leading...
Bitcoin Price Prediction: November’s Peak After Uptober’s Rise?
31.10.2023
Bitcoin price trajectory has once again captured the attention of the financial world. Bitcoin price closing at $34,296 on Tuesday with a marginal decrease of less than0.10%, the cryptocurrency’s performance continues to intrigue both skeptics and proponents. The recently-coined term...