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Soaring Sell Orders Contrast Sharply with Bitcoin’s Renewed Bull Run
2.2.2021
Alongside the cryptocurrency’s meteoric climb over the back half of 2020 and early 2021, a curious phenomenon has unfolded; heightened profit-taking and conversion to fiat currencies. Data collected by Simplex, a fiat-crypto gateway, underscores this seemingly paradoxical development....
$45B DeFi market cap and soaring TVL suggest the best is yet to come
25.1.2021
The decentralized finance market cap reached $45 billion as the total value locked in DeFi continues to rise to new highs
China’s Coal Standoff Causes Power Shortages, Chinese Bitcoin Miners ‘Heavily Affected’
28.12.2020
Regional reports from China detail that bitcoin miners located in certain areas in South China are running short on electricity. The country has been having massive issues with coal prices soaring across the mainland, as the Chinese government hasn’t been allowing coal carriers into ports....
Iran Adopts Bitcoin for International Trade Amid Heavy Sanctions, Falling Rial, Soaring Inflation
6.11.2020
The Iranian government has adopted bitcoin for international trade as the country’s economic crisis deepens, with rising Covid-19 cases, depreciating rial, and intensifying sanctions imposed by the U.S. government. Iran’s Economic Troubles Magnified Iran is undergoing a severe economic...
As DeFi Deflates, Ethereum Users Get Reprieve From Soaring Fees, Congestion
7.10.2020
The popularity of decentralized cryptocurrency exchanges had backed up the Ethereum blockchain, raising questions about its ability to scale
Soaring decentralized exchange volume suggests the DeFi craze is not over
29.9.2020
Data shows decentralized exchange volume skyrocketed in the last 6-months and Uniswap leads the pack
Ethereum Smashes Records as DeFi Hype Sends Transactions and Miner Revenue Soaring
18.9.2020
Miners may be the real winners from DeFi as a surge in Ethereum activity sees them earn a record $16 million in a day
OKEx goes all in on Uniswap's new token amid soaring DeFi fees
17.9.2020
They're the first exchange to offer such a robust set of trading tools for the day-old asset
Buterin, Ethereum Developers Focus on Congestion as Fees Spike Over 600% in One Month
3.9.2020
Median fees have spiked nearly 900% in the since Aug. 2
Soaring, Plunging, Being Indecisive, and 20 Crypto Jokes
22.8.2020
This week in crypto, bitcoin couldn’t make up its mind about staying above USD 12,000 as price went up to new yearly highs, while the hashrate dropped 25% in three days, as floods hit Southwest China. Then YFI exceeded BTC’s price, Tron dropped while JustSwap went live, while OMG soared on Tether...
10Ks, 11Ks, Launching, Soaring and 20 Crypto Jokes
1.8.2020
This week, the Cryptoverse saw BTC finally going over USD 10,000, and hitting USD 11,000 along the way, while BTC mining difficulty dropped. Also, XRP soared, LEND jumped, Solana rallied as FTX used its blockchain a basis for a new ecosystem project, Maker became the first DeFi protocol to reach...
First Mover: Chainlink’s Soaring Token Shows Lucrative ‘Oracle’ Role in Fast-Growing DeFi
31.7.2020
Chainlink's LINK token soared almost 60% in July as cryptocurrency traders fawned over DeFi projects and their rapid growth
Soaring DeFi Usage Drives Ethereum Contract Calls to New Record
28.7.2020
Coin Metrics reported the daily number of smart contract calls on Ethereum jumped to 3.11 million – a new record
DeFi Hype Has Sent Ethereum Fees Soaring to 2-Year High: Coin Metrics
22.7.2020
The knock-on effects of the DeFi hype include high fees and less active users on Ethereum, according to Coin Metrics
Stocks Are Soaring, Time to Short Bitcoin?
7.7.2020
Jay Hao. Jay Hao is the CEO of crypto exchange OKEx.
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When I woke up this morning, I received many messages from my friends, who told me, "Stocks have skyrocketed. Can we short bitcoin (BTC)?" Then I opened my Bloomberg and saw the following chart. The Shanghai Shenzhen CSI...
India to Significantly Increase Crypto Market Share This Year: Report
1.6.2020
India’s cryptocurrency market is set to gain significant market share this year, according to an industry report. The regulatory environment, the instability of the rupee, and remittances are key drivers that will send the Indian crypto industry soaring. Indian Crypto Sector Flourishing...
Square’s Cash App Reports BTC Quarterly Revenue Exceeds Fiat’s, Soaring 367% to $306 Million
8.5.2020
Square’s Cash App reported Wednesday, that bitcoin (BTC) revenue during the first quarter of the year, soared 367% to $306 million from $65 million a year ago. Quarter-on-quarter, the figure is up 71%. The increase is thanks “to growth in the number of active bitcoin customers, as well...
Puppets, Pundits and Partnerships: Why Crypto Sentiment and Prices Are Soaring
12.2.2020
With blockchain puppets (we really mean it) on TV, CNBC pushing the bitcoin-as-gold narrative and The Guardian seeing connections between coronavirus and bitcoin's recent rally, we've got a lot to talk about on today's episode of The Breakdown
Deutsche Bank Strategist Predicts Crypto Could Replace Fiat Money
8.12.2019
Deutsche Bank analysts have made some predictions regarding the future of cryptocurrency. Strategist Jim Reid explained why cryptocurrencies are inevitable and how the existing fiat money system could crumble over the next decade, leading to soaring demand for cryptocurrencies. Also read: Swiss...
Bitcoin Bulls Weaken a Bit; BTC/USD Trades Around $10,550 After Soaring at $10,800
5.9.2019
BTC/USD fell from the upper range of $10,600 and $10,800 to trade around $10,550. Bitcoin price will face the major and key support at $10,000 only, with immediate support area being around $10,300. Bitcoin price has a bearish crossover at present after having a trade above $10,800 in the latter...