Opeyemi is a writer who has ventured into the world of cryptocurrency with enthusiasm and passion. While he did not originally choose the digital asset industry, he has become deeply involved and dedicated to unraveling the complexities of blockchain technology and sharing insights about the latest trends in the cryptocurrency world. Opeyemi spends a significant
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After Bitcoin’s rally to the $69,000 range, there has been a notable recovery in the Bitcoin network hashrate. This recovery, as reported by CryptoQuant, has led to a decrease in the drawdown from its all-time high to just 3%, compared to 8% in July. The increased hashrate has also been accompanied by rising profitability for
Bitcoin’s price recently experienced a significant drop after breaking down the $64K support level. This has put the cryptocurrency in a crucial area that could determine its mid-term fate. The daily chart indicates a downward trend since forming a double top pattern at the $68K resistance level. The breakdown of the $64K level has led
The recent economic uncertainty in the United States has had a significant impact on the price of Bitcoin and altcoins. In the past day, Bitcoin’s price plummeted to $60,500, marking its lowest point in almost three weeks. Altcoins such as SOL, TON, and UNI have also experienced sharp declines, with losses exceeding 5%. Additionally, Ethereum
Toronto-based Bitcoin mining company Bitfarms has been making significant strides in increasing its operational hash rate. By the end of July, the company’s hash rate had reached an impressive 11.1 EH/s, representing a remarkable 109% year-over-year increase. This growth is even more striking when considering the 7% rise in hash rate on a month-over-month basis.
MicroStrategy, known for being the largest public Bitcoin holder, recently announced plans to raise up to $2 billion through the sale of its class A shares. This significant move demonstrates the company’s commitment to using stock sales as a means to finance its ongoing Bitcoin acquisitions. With a focus on “general corporate purposes, including the
The mystery of Satoshi Nakamoto’s true identity has puzzled the crypto world for over a decade. Despite numerous theories and speculations, the real creator of Bitcoin remains shrouded in secrecy. Some prominent figures, such as software developer Craig Wright, have claimed to be the mastermind behind Bitcoin. However, others, like Fox Television’s Tucker Carlson, have
Futu Securities International, the largest online broker in Hong Kong, has recently ventured into retail cryptocurrency trading in the city-state. This move aims to attract investors by offering shares of popular companies like Alibaba Group Holding and Nvidia. This development allows residents of Hong Kong to easily trade bitcoin and ether using either Hong Kong
In the world of decentralized finance (DeFi), the Solana network made headlines recently by outpacing Ethereum in monthly decentralized exchange (DEX) volume in July. Data from DefiLlama revealed that Solana’s DEX transactions reached an impressive $55.8 billion, surpassing Ethereum’s $53.8 billion for the same period. This surge in volume marks Solana’s second-highest monthly volume, following
The cryptocurrency market has been witnessing a significant development in terms of large transaction volume, particularly with Cardano (ADA) competing with Ethereum in this aspect. Data from market intelligence platforms like IntoTheBlock and Santiment confirms that Cardano has been experiencing a surge in large transaction volume, indicating a wave of accumulation among the token’s large