Cryptocurrency Analysis and News Portal
Crypto's first layer 2 solutions were born out of the need to scale layer 1s properly rather than creating hard forks of the base layer blockchains. And ever since, L2s have typically been marketed as the solution to scaling, faster transactions, lower fees and precursors for mainstream adoption of crypto.
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Bitcoin (BTC) has been trading in a narrow 3.4% range for the past three days after successfully defending the $25,500 support on June 10. In this time, investors’ attention has shifted to the macroeconomic area as the U.S. Federal Reserve will announce its interest rate decision on June 14.Cryptocurrencies might
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Connors writes that despite 2023's focus on Bitcoin's increased dominance and surging fees amid a challenging U.S regulatory environment, Ethereum's post-merge performance, including an unexpected non-impact of staking 'unlock,' increased staking demand, and realized deflationary promise with over 250k ETH 'burned,' is garnering market attention. Source
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Almost without exception, other major cryptos spent the day solidly in positive territory with ADA and SOL, the tokens of the Cardano and Solana smart contract platforms, recently rising more than 4% and 3.5%, respectively. Meanwhile, a bevy of small DeFi focused protocols were the big gainers of the past
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Since January, there have been over 10 million inscriptions on the largest blockchain in the world, and this number continues to grow exponentially.To provide some context, the Ordinals Protocol allows for the ordered identification of satoshis, the smallest subdivision of a Bitcoin (BTC), enabling each of them to have an
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After a long period of unusually low volatility, Bitcoin's next major price move is likely imminent and could drive BTC to $32,000, according to James Check, the lead on-chain analyst at Glassnode. That price level is where Bitcoin’s “true cost basis is sitting,” Check explained in an exclusive interview with
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied To facilitate efficient trading within bitcoin’s (BTC) evolving on-chain economy, crypto startup Stably has introduced Stably USD, a new dollar-backed stablecoin. In a significant development for bitcoin‘s rapidly developing on-chain economy, a new dollar-backed stablecoin named Stably
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The latest example comes from Ledger, the Paris-based crypto hardware wallet company, which, following a public-relations firestorm last week, announced Tuesday that it would delay plans to release a controversial new wallet-recovery feature called Ledger Recover. Source
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied In a recent video posted by popular cryptocurrency YouTuber, CryptosRUs, gave a comprehensive analysis of current economic events in the U.S. and their potential implications on the crypto market. US debt ceiling and economic uncertainty A pressing issue
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The broader crypto markets have been tumbling over the past month, with a more profound fall in the first week of May. As the markets fell, bitcoin (BTC) started to drop from its local top of
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