Cryptocurrency Analysis and News Portal
Congestion is building on the Ethereum blockchain, the second-largest blockchain, thanks to the recent popularity of dollar-linked “stablecoins” and “decentralized finance” applications like Compound. And now fees to process transactions, which escalate when congestion is high as some users pay up for faster execution speeds, are soaring to levels not seen since the initial coin
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Goldman Sachs has warned that the U.S. dollar may lose its status as the world’s reserve currency. The investment bank is bullish on gold as fears over governments debasing their fiat currencies grow and real interest rates are pushed to all-time lows.Goldman Sachs’ Dollar and Gold PredictionsAmerican investment bank
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Rising congestion on the Ethereum blockchain has driven up transaction fees tenfold this year to the highest since early 2018. That’s pressuring the network’s developers to speed up crucial upgrades, while possibly creating an opening for competitors to lure away project developers. It’s a lucky problem to have, since the congestion
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While bitcoin prices stay steady, Ethereum transactions are skyrocketing. Holding on to $9,200 after a weekend in the $9,100 range is the best traders could hope for in a weaker-than-normal market for bitcoin. “After a brief consolidation in the region of $9,000, bitcoin began to adjust upward,” said Constantin Kogan, partner
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[sociallocker id="55298"] Peer-to-peer cryptocurrency trading data shows digital assets like bitcoin are growing extremely popular in Russia, despite the State Duma’s opinions and regulations aimed at crypto assets. On Monday, the Russian government published a draft version of litigation mandates called “On Digital Financial Assets,” and lawmakers are looking
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Dow Jones Industrial Average (DJIA) futures rocket 550 points higher on Tuesday. The S&P 500 looks set to open above the huge psychological level of 3,000. Breaking and holding this level could act as a launchpad for a return to previous highs. After the long Memorial Day weekend, traders
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Bitcoin treaded water in the high $9,000 range Monday as stocks rallied and traders wondered when the cryptocurrency would break the five-digit barrier again.Stocks, meanwhile, got a boost a day after Federal Reserve Chair Jerome Powell talked about continued stimulus efforts for the U.S. economy during a television interview Sunday.At
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The average transaction cost for Bitcoin (BTC) soared 414% in the days before the halving, peaking at $3.19 on May 8, from as low as $0.62 on April 26. This is the highest price bitcoiners have paid for a transaction on the network in ten months, according to data
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A new fiat-crypto exchange has launched in India, two months after lifting the country’s stringent ban on banks’ dealings with crypto businesses.The Bangalore-headquartered exchange, dubbed BitPolo, went live on May 6. It was originally founded in March; the same month the Supreme Court ruled against the central bank’s longstanding moratorium
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Argo Blockchain, a bitcoin mining firm listed on the London Stock Exchange, reported stellar 2019 earnings Wednesday. The company attributed its success to cutting off its consumer-facing arm and focusing on mining some 1,330 bitcoin (BTC) on the year.In its full-year results, Argo said 2019 revenue was up 11-fold from
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