Cryptocurrency Analysis and News Portal
A recent report from ZUBR Research explains that by 2028, retail demand for bitcoin will exceed the new supply. The report highlights that in eight years as Bitcoin’s supply rate decreases “retail size addresses [will] begin to eat up all the new supply alone.” Even the next halving in
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The number of daily transactions on the Ethereum blockchain network surpassed 1 million, a level unseen since January 2018.In recent months, network activity on Ethereum surged as a result of rising demand for decentralized finance (DeFi) applications and growing anticipation towards ETH 2.0.Why is Ethereum Daily Transaction Volume Climbing So
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Another ransomware attack has hit the Australia-based drinks manufacturer, Lion. This is the second attack on the company in less than one week. The cybercriminals behind the attack are threatening to double the ransom amount if Lion does not pay by the specified date. The currency of choice for the
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In 2018, Ethereum rallied as high as ~$1,430 on the back of an influx of demand caused by the then-ongoing initial coin offering (ICO) boom.ICOs had to raise money, and ICOs often raised money so through ETH — a widely-adopted, well-known, and easily-accessible cryptocurrency. Hence, the demand for Ethereum spiked
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Reading Time: 2 minutes by Ash T on June 10, 2020 Bitcoin According to a press release issued on June 10, 2020, Bitcoin (BTC) trading platform Bakkt has joined forces with digital asset investment management firm Galaxy Digital to offer secure and efficient means of buying, selling, and storing the premier cryptocurrency for asset
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Bitcoin’s price is gathering upward momentum as traders buy fewer put options, which are bearish bets on the top cryptocurrency. At press time, bitcoin was changing hands near $9,400, representing a 2% gain on the day, according to CryptoX’s Bitcoin Price Index. On a week-to-date basis, the cryptocurrency is now reporting
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Tether, the oldest and largest stablecoin tied to the U.S dollar, has fallen below par value for the longest stretch since bitcoin hit 12-month lows in March. Tether maintained or exceeded par value consistently during bitcoin’s subsequent two-month rally. The cryptocurrency, also known as USDT, dipped below $1 on Friday and
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Japan-based Media Do Holdings will be investing $2.8 million towards distributed ledger technology for the distribution of its e-books.According to a May 17 article in the Nikkei newspaper, Media Do Holdings plans to invest 300 million yen — roughly $2.8 million at the time of writing — into developing a
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Data published today from Cryptox Markets and Arcane Research found that despite investor concerns over the block reward halving disincentivizing miners and possibly compromising the security of the network, demand for Bitcoin continues to rise globally.Proof of increasing adoption is supported by the total number of functioning Bitcoin ATMs rising
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The value of assets for all stablecoins surpassed $10 billion Tuesday, having surged by over 70% in just two months, according to Coin Metrics. Stablecoin supply growth comes as more cryptocurrency traders choose to trade alternative cryptocurrencies (or altcoins) using dollar-backed digital tokens instead of bitcoin.Most of the stablecoin growth
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