The number of transactions on Shiba Inu’s layer-2 blockchain, Shibarium, has rapidly increased and is close to reaching one million. According to data from Shibariumscan, there was a significant jump in transaction volume, which grew by approximately 229% in just 24 hours, leading to a total of 958,440 transactions. In simpler terms, this achievement surpasses … Read more
Michael Saylor, the founder of MicroStrategy and previously its CEO, holds significant influence within the Bitcoin community. After relinquishing his CEO role, he has dedicated himself to MicroStrategy’s Bitcoin strategy, a commitment the company adopted in 2020. More recently, he took to his X or Twitter account to highlight the potential influence of the upcoming … Read more
During significant diplomatic dealings between the United States and Iraq, Iraq’s Deputy Prime Minister, Muhammad Ali Tamim, has made statements that have sparked curiosity among Bitcoin enthusiasts about the possibility of Iraq joining large-scale Bitcoin mining as a national entity. Will Iraq Start Mining Bitcoin? At a recent press event with US Secretary of State … Read more
Bitcoin‘s price in the cryptocurrency market has caused worry recently, as it dropped by 16.65% within a short time. This happened just before Bitcoin’s upcoming fourth halving event. The decrease has sparked curiosity and apprehension among traders. However, upon closer examination by CryptoQuant, this price drop is not unusual but rather a regular occurrence leading … Read more
The S&P 500 has dropped below its moving average of the last 50 days for the first time since it started rising five months ago. This could be seen as a positive indication for the US stock market, but it may also serve as a warning signal for Bitcoin and the overall cryptocurrency market. Why … Read more
Today, the total value of stocks in the global market took a significant hit, decreasing to $2.31 trillion following a 5.35% drop. The trading volume also saw a decrease of 2.43%. However, Bitcoin‘s dominance remains strong. This situation serves as evidence of the market downturn and uncovers the top cryptocurrencies experiencing gains or losses for … Read more
On April 16, 2023, Dogecoin, the meme cryptocurrency with the largest global market cap, drew notable interest from investors. The reason: A major investor, referred to as a “whale,” acquired an impressive 300 million coins. This purchase came on the heels of an upbeat statement about Dogecoin’s upcoming cryptographic project. Dogecoin Whale Accumulation Ignites Investor … Read more
In the third week of April, the cryptocurrency market continues to correct, influenced by tensions in the Middle East and anxiety surrounding Bitcoin‘s halving event. During Asian trading hours on Tuesday, Bitcoin (BTC) and Ethereum (ETH) experienced a decline of around 1.5%, reaching prices of $62,530 and $3,055 respectively. Additionally, notable altcoins such as Solana … Read more
The cost of Bitcoin (BTC) transaction fees reached an all-time high of $11 million in a day due to heightened network usage as the much-anticipated Halving approaches. Users are hurriedly processing their transactions in preparation for this event, which is predicted to take place in just a few days. BTC Hash Rate Surges Ahead Of … Read more
Bitcoins (BTC) are often subject to misunderstandings, particularly regarding their place in the larger financial market. Lately, CNBC’s Squawk Box host Andrew Ross Sorkin raised a query to the public: Why did Bitcoin decline over the weekend, given its reputation as a shield against inflation and a valuable store? In response to the query, Bitcoin … Read more