Cryptocurrency Analysis and News Portal
The crypto industry is experiencing a massive upswing. With assets like Bitcoin and Ethereum hitting new all-time highs, and other cryptos following in their wake, it seems like a matter of time before mass adoption is imminent. However, the industry needs some technological improvements before it can be broadly accepted by
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A new Chainalysis report shows that the number of decentralized exchanges (DEXs) is growing faster than all other types of crypto exchanges. But Similar Web data shows centralized exchanges are far from unpopular, with Binance seeing 171 million visitors in October. Chainalysis published a report on crypto exchanges on Nov.
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There’s no denying that over the past couple of years, the narrative that Bitcoin (BTC) consumes too much power has continued to garner an increasing amount of mainstream traction. However, what sometimes gets ignored is that in recent months, an increasing number of Bitcoin miners have moved toward the use
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The cryptocurrency is currently trading marginally lower on the day near $57,300, having earlier touched a five-month high of $58,500. It is up 30% this month, though, buoyed by increased expectations that the U.S. Securities and Exchange Commission will soon approve a futures-based bitcoin exchange-traded fund (ETF). Source
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For now, analysts are monitoring blockchain data, which points to continued upside for bitcoin. “Despite China’s crypto ban, it seems miners, including those who were in China, are holding BTC in mining wallets,” Ki Young Ju, CEO of CryptoQuant, wrote in a blogpost, referring to the decline in miner outflows,
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According to a report published by the Bank of International Settlements (BIS) and a group of central banks, digital currencies can lead to faster settlement and cheaper transfers. Moreover, the banking group leveraged a prototype that shows how money transfers can be done in seconds with very little processing fees. Inexpensive
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MIA runs on the Stacks protocol, which in turn runs on top of the Bitcoin network. People can “mine” MIA it by sending STX, the native token of Stacks, to a smart contract, which forwards 30% of those contributions to a wallet reserved for the city. Last month, the city
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The world’s second-largest crypto asset has gained ground on Bitcoin in terms of trading volume growth during the first half of this year according to a new report.Ethereum’s trading volume grew faster than Bitcoin’s in the first half of this year according to a new report from leading U.S. crypto
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Blockchain technology has use in cases beyond cryptocurrencies. It is being used in every industry; be it finance, supply chain, Internet of Things (IoT), and cybersecurity, among others. What about the gaming industry? As gaming enthusiasts, we all wish to play games using cutting-edge technologies like blockchain. And what’s better than our
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Global companies are implementing distributed ledger technologies in an attempt to gain efficiencies in areas such as global payments and supply chain transparency. Blockchain tech can replace slow, paper-based processes, as well as improve security.However, many of the platforms in use today suffer from poor design. Networks become clogged with
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