Cryptocurrency Analysis and News Portal
Russia will start to purchase Chinese yuan for its international reserves as soon as this month, according to reports from Russian economists. While analysts state that the purchases will be small and symbolic in the beginning, these will supposedly demonstrate a turnaround in the economy of the country. Russia to Purchase
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Despite a 9.95% increase last week and the all-time high difficulty, bitcoin’s hashrate has averaged around 305 exahash per second (EH/s) over the past 30 days. According to current data, the hashrate has been around 308 EH/s over the past 2,016 blocks. The next difficulty change, set to occur on
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According to an Orbit Markets analyst, the upcoming Ethereum Shanghai upgrade could bring sustained Ether price volatility. Reports suggest that the upcoming Ethereum Shanghai upgrade could induce Ether (ETH) price volatility in a way the Merge could not. According to institutional liquidity provider OrBit Markets, the Shanghai upgrade would facilitate withdrawals of over 16.5
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The Argentine peso has fallen consistently against the U.S. dollar this month, losing almost 12% since Jan. 1. The behavior of the exchange rate for the informal “blue” dollar keeps bringing concerns about a possible escalade in inflation rates, that are predicted to reach almost 100% this year, similar to
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The global Bitcoin (BTC) payments market will reach $3.7 billion by 2031, registering a compound annual growth rate (CAGR) of 16.3% from 2022 to 2031, with private keys and hardware driving the sector expansion, Allied Market Research forecasted in a report published on Oct. 24. According to the document, operational demand
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A new report is predicting that the total value of the NFT market will reach $200 billion in 2030. The report, issued by Grand View Research, a multinational market insights company, found that the rising demand for this kind of instrument — due to its growing number of applications —
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Last week, Ethereum’s Sepolia testnet successfully switched to PoS. Goerli, the third and final of three public testnet will run through the Merge process on August 11. The parameters that trigger the test will be determined in the next Ethereum Foundation All-Core Developers call. These testnet merges, which served as
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Bitcoin price recently set a new high for 2020 but has since pulled back to just under $12,000.
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