El Salvador made history by adopting Bitcoin on September 7, 2021, as its official currency, a move now celebrated each year as Bitcoin Day. As the second anniversary of this event nears, Bitfinex, a major cryptocurrency exchange, is actively participating in the celebrations, demonstrating its support for El Salvador’s embrace of digital currency. Bitfinex has … Read more
Ethereum (ETH) users recently observed a significant transformation in the blockchain landscape, witnessing a remarkable drop in daily transaction fees on Layer 1 (L1). On August 27th, these fees hit a six-month low, totalling just 1,719 ETH, roughly equivalent to $2.8 million. This plunge was staggering, constituting a jaw-dropping 97% decrease from the all-time high … Read more
Ben Armstrong, the creator of BitBoy Crypto, has departed the company, sparking discussion in the cryptocurrency industry. According to a snapshot released by Bitcoin author Jason A. Williams on X, Armstrong’s departure from “Hit Network/BJ Investment Holdings and all its subsidiary brands, including BitBoy Crypto and Around the Blockchain,” is effective immediately. Armstrong confirmed the … Read more
The worst part of the continuing slide in the price of Bitcoin, in the opinion of a JPMorgan analyst, is now behind us. It’s important to note that not all cryptocurrencies, including Bitcoin, are free of problems. The closure of numerous long positions, according to Nikolaos Panigirtzoglou, is to blame for the recent weakening of … Read more
In an unexpected turn of events for the cryptocurrency world, Finbold has revealed new data from the behaviour analytics platform Santiment that sheds light on the shifting mechanics of Bitcoin supply. A scant 5.8% of the whole Bitcoin supply is currently held on cryptocurrency exchanges as of August 24, which is a historic low last … Read more
The price of Bitcoin may significantly increase and reach $148,000 after the impending halving event expected for next year, according to Pantera Capital, a crypto venture fund. They rely on a crucial indicator known as the stock-to-flow ratio to make this prediction. Pantera claims that this ratio may cause Bitcoin’s price to increase to $35,000 … Read more
In the volatile world of cryptocurrencies, the weekend brought a mix of excitement and disappointment. Bitcoin (BTC) struggled to surpass $27,000, while Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), and Solana (SOL) saw minor fluctuations. Litecoin (LTC) outshone with a 3% 24-hour surge, but Akash Network (AKT) faced a 19% loss. The global crypto market stood … Read more
CME Group, a derivatives marketplace, has launched Bitcoin and Ether reference prices targeted for the Asia Pacific area, highlighting Asia’s growing institutional interest in cryptocurrencies. CME Group aims to offer these region-specific crypto reference rates on September 11 in collaboration with crypto indices supplier CF Benchmarks. These reference rates are critical as reliable sources for … Read more
