The data compiled by Lookonchain reveals that Ethereum has surpassed Bitcoin in terms of 1-year fee revenue, with an impressive $2.728 billion. Despite the emergence of various blockchain networks offering lower fees and faster transaction times, users seem willing to pay higher fees on Ethereum. This highlights the strong network effect and user loyalty that
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Bitcoin recently faced a significant correction, dropping below $54,000 in a short period of time. This has sparked debates among investors and analysts regarding the future of the cryptocurrency. While some are quick to label this as the end of the bull market, others view it as a normal part of Bitcoin’s growth trajectory. It
Bitcoin’s price has been experiencing stagnation since its peak in March, and according to analysts at CryptoQuant, this is largely attributed to the tight U.S. monetary policy. The analysts reported that the tightening monetary policy in the U.S. since March 2022 has led to a reduction in stablecoin supply, which has had a direct impact
Real-World Assets (RWA) have been gaining popularity in the cryptocurrency market in recent months. These assets represent physical objects or properties that are tokenized and operate on blockchain technology through smart contracts. At one point, the market capitalization of RWA soared to nearly $9 billion. However, a recent correction in the broader cryptocurrency market has
Opeyemi is a talented writer with a passion for the world of cryptocurrency. While he did not originally plan to delve into the digital asset industry, he has since become deeply engrossed in all it has to offer. For over two years, Opeyemi has dedicated himself to understanding and explaining the complexities of blockchain technology
The cryptocurrency industry is filled with innovation and excitement on a daily basis. However, it’s also a breeding ground for hackers and wrongdoers who prey on the vulnerability of inexperienced users when it comes to safeguarding their crypto assets. This vulnerability is particularly prevalent in the meme coin sector, where projects like Shiba Inu (SHIB)
Semilore Faleti is a cryptocurrency writer who has made a name for himself in the field of journalism and content creation. With a keen interest in the complexities and intricacies of blockchain technology and digital assets, Semilore has become a staunch advocate for the adoption of cryptocurrency. Through his writing, he aims to improve the
Bitcoin’s price has been on a rollercoaster ride, with significant drops and rebounds in a short period of time. The recent plunge below $54,000 on July 5 has highlighted the intense volatility that investors in the market have to deal with. While some traders and analysts remain optimistic about the long-term bullish cycle, others have
Olubukola Akinwumi, the deputy director of the Central Bank of Nigeria (CBN), recently made allegations against Binance, a popular cryptocurrency exchange platform. Akinwumi claimed that Binance was conducting transactions that should only be reserved for authorized banks and financial institutions, going against the rules set by the CBN. Akinwumi’s accusations were part of his testimony
Bitcoin investors have been eagerly anticipating the restitution from the now-defunct Mt. Gox exchange for over a decade. However, the uncertainty surrounding the distributions has caused anxiety among market players. Despite modest ETF inflows, Bitcoin has been on a declining trend since the beginning of June, failing to gain significant upward momentum. The recent price