Cryptocurrency Analysis and News Portal
Decentralized finance (DeFi) applications on the Ethereum blockchain surged in the second quarter of 2020 as the daily transaction volume reached an all-time high in June.The 2020 Q2 Dapp Market Report published by analytics website Dapp.com showed that the number of active DApp users on Ethereum (ETH) increased by 97%
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There’s been much debate over recent weeks over the work of Bitcoin analyst “PlanB” and his Stock to Flow (S2F) model. Some have argued that his work is valid while others aren’t so sure.On July 3rd, the analyst put the community to a vote, asking whether or not they believe
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The past few weeks have seen Ether stall in terms of price action, with the cryptocurrency trading between $210-240. Not the same can be said about Ethereum’s underlying blockchain activity.Due to a perfect storm of events, the number of users of the network has skyrocketed.Blockchain analytics firm Santiment reported last
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Bitcoin (BTC) miners may have started selling coins once more as data shows two mining pools release over 7,000 BTC in a single day.The figures, from on-chain monitoring resource CryptoQuant, came hours before BTC/USD abruptly fell back to $9,500 on June 24. Poolin nears outflow all-time highThe mining pools under the
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After holding in the low-$9,000s, Bitcoin finally saw a breakout recently.The cryptocurrency liquidated $15 million worth of BitMEX short contracts as it shot as high as $9,800 during Monday’s trading session. This was the highest BTC had traded in 10 days.Bitcoin’s strength came on a swath of positive news.Firstly, while
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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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In summary:Big money in the form of hedge funds, university endowments and pension funds are ready to invest in Bitcoin.However, these institutions have governing charters that prevent them from investing in crypto directly. Investment products pegged to BTC provide an avenue for these institutions to access Bitcoin. Bitcoin need only capture 33%
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Bitcoin expects to extend its recovery rally towards $9,800 as the U.S. futures grows further.Both Bitcoin and the U.S. stocks have fallen and risen in tandem since the beginning of this week.Expectations of a strong retail sales report could push equities higher, assisting Bitcoin in logging similar upside moves towards
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A Grain of Truth in a JokeElectronic Arts’ famous tweet urging people to “invest in Crypto” was merely a joke back in 2019 but now we might be in for an ironic twist. The tweet wittily referred to a guy named Crypto, a new character of EA’s sensational battle royale
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Bitcoin is down more than 5% and it broke the key $9,300 support zone against the US Dollar. BTC traded as low as $9,089 and it is currently correcting higher towards hurdles.Bitcoin declined sharply after it was rejected one more time near the $10,000 level.There was a break below many
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