Cryptocurrency Analysis and News Portal
Like most crypto projects this year, non-fungible tokens (NFTs) felt the pain of 2022’s crypto winter as sales are down a great deal and blue-chip NFTs have been slashed in value. For instance, last month, there was roughly $534 million in NFT sales compared to the $2.77 billion in NFT
Read More
Why did the algorithmic stablecoin UST experience severe price de-anchoring?TerraUSDT (UST) is—though “was” might be better—an algorithmic stablecoin whose stability mechanism stemmed from the promise of a payout with LUNA. Traders mint and burn tokens as needed to ensure the stability of UST out of trust in the Terra blockchain.However,
Read More
Miners' income from processing transactions on the Ethereum blockchain more than halved in October as the mania for DeFi cooled. Source
Read More
Bitcoin’s hash rate has tumbled about 40% on September 23, which is a record. The crash remains unexplained and surprising, given that the hash rate used to move upwards and update the record high again and again.Bitcoin’s (BTC) network hash rate dipped a record 40% on Sept. 23, that pretty
Read More
As soon as Bitcoin dropped below the $10,600 level and failed to climb over heavy resistance, it demonstrated a steep fall to $10,068 within a span of minutes. According to some analysts, the drop could possibly signal a short term trend line breakdown if the asset fails to close above
Read More