Bitcoin mining difficulty has once again reached a new all-time high in 2023, indicating the increasing demand for the Bitcoin network. This article will analyze the recent adjustment in mining difficulty, discuss the factors contributing to its rise, and explore the potential challenges faced by miners in maintaining profitability. The recent adjustment in mining difficulty
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Crypto analyst PlanB, known for his bullish outlook on Bitcoin and the stock-to-flow model, recently expressed his optimism regarding the long-term prospects of the cryptocurrency. According to him, we might be witnessing the final days of Bitcoin trading below the $40,000 mark. This statement serves as a call to action based on his analysis of
The Shiba Inu (SHIB) burn tracker, Shibburn, has raised serious concerns about the creator of the popular meme coin, known by the pseudonym “Ryoshi.” According to Shibburn, Ryoshi’s actions may not have always been in the best interest of the SHIB ecosystem. In a series of posts, the community project pointed out that the founders
XRP price recently experienced a downside correction, dipping to the $0.572 mark. However, the price has now embarked on a rising trend, potentially gaining bullish momentum if it manages to surpass the $0.642 level. This correction came after XRP failed to breach the $0.740 resistance zone, which sparked a new decline. It slid past the
Bitcoin (BTC), the largest cryptocurrency on the market, has once again encountered difficulties in consolidating and reaching the $38,000 level. In fact, it is currently experiencing a 3% pullback, raising concerns among the community. Speculations regarding a possible retracement before the bullish momentum resumes and the next uptrend begins have started to emerge. Renowned crypto
Ethereum (ETH) has shown signs of a fresh increase as it broke above the crucial $1,950 resistance level. The digital asset is now consolidating its gains and aims to surpass the $2,070 resistance in the near term. Following a period of stability, Ethereum initiated a decent increase above the $1,900 level. In line with Bitcoin’s
In a historic moment for both the nation and the crypto community, Argentina has inaugurated its first-ever pro-Bitcoin President. The recently concluded presidential election on November 19 saw right-wing libertarian and Bitcoin advocate Javier Milei securing a significant victory, with nearly 56% of votes counted. His rival candidate, Minister Sergio Massa, garnered 44% of the
In a recent security breach, Taipei-based market maker and trading firm Kronos Research experienced unauthorized access to its API keys, resulting in the withdrawal of a substantial amount of crypto assets. The company promptly addressed the incident via a post on X (formerly Twitter), acknowledging the breach and halting all trading operations to conduct a
In a bold move to revolutionize the private market investing landscape, tech firm Republic has recently teamed up with Avalanche, a leading blockchain platform. This strategic partnership aims to democratize investing by introducing a profit-sharing digital asset called the Republic Note (R/Note), backed by Republic’s extensive private equity portfolio. The collaboration between these two entities
There is a growing concern among Ethereum (ETH) holders as some of them have started panic selling and diversifying their portfolios into layer-1 altcoins like Solana (SOL) or Cardano (ADA). This trend is primarily driven by the fear that Ethereum may not be able to outperform the market as it did in the last bull
The price of Solana (SOL) has witnessed a remarkable rally in recent days, surging over 50% and outperforming both Bitcoin and Ethereum. As SOL surpasses the $60 mark, investors are eagerly anticipating if the price will continue to rise, with $75 being the next significant level to watch. Solana’s upward movement began with a breakthrough
In a recent X (formerly Twitter) post, a dedicated XRP and crypto enthusiast named Krippenreiter unveiled the latest version of the XRP Ledger, showcasing core updates and exciting new functionalities. This upgraded ledger brings forth a range of improvements and enhancements designed to bolster the XRPL ecosystem. Let’s delve into the details of this new
Ethereum (ETH), the second-largest cryptocurrency, has experienced an extraordinary surge in price over the last month. This surge has been fueled by a bullish market trend and an unexpected involvement from BlackRock, pushing ETH to reach its year-to-date high, surpassing the $2,000 mark, and peaking at $2,139. As indicated by market data provider Kaiko, Ethereum
In a surprising turn of events, a mysterious wallet orchestrated a massive transfer of 17,895,970 MATIC tokens, equivalent to an astonishing $14.7 million, directly into Coinbase. This unexpected crypto twist shook the digital landscape and sent shockwaves throughout the entire cryptocurrency universe. As a result of this significant transaction volume, the price of MATIC experienced
In the last 24 hours, the native token of the cross-chain decentralized exchange THORChain, RUNE, has experienced a staggering 31.5% price increase. This recent surge is just one of many positive developments for RUNE, as the token has witnessed remarkable bullish trends over the past few weeks. On the 14-day and 30-day charts, RUNE has
The ongoing legal battle between Ripple and the US Securities and Exchange Commission (SEC) over the classification of XRP has garnered much attention and raised crucial questions regarding regulatory frameworks and investor protection. In a recent interview with CNBC, Brad Garlinghouse, the CEO of Ripple, discussed the latest developments in the case and expressed his
In a period filled with uncertainty, Bitcoin (BTC) has once again surprised everyone by reaching a new yearly high, fueling speculation about its ability to surpass the elusive $40,000 milestone. After a short consolidation phase, the leading cryptocurrency has regained its bullish momentum, climbing to a peak of $38,000 before retracing to its current trading
Radiant Capital, a lending and borrowing protocol, has been gaining significant traction in the decentralized finance (DeFi) space, positioning itself as a strong competitor to established players like Aave. Analyzing the earnings data over the past six months, Radiant Capital has shown remarkable growth, generating $5.8 million in revenue despite having relatively lower liquidity compared
The Bitcoin price has been showing signs of exhaustion on low timeframes, despite still recording some profits. However, when zooming out, recent data shows the massive rally experienced by cryptocurrencies over the past few months and the potential for additional gains in the sector. As of now, the Bitcoin price is trading at $34,800 with
Ripple CEO Brad Garlinghouse is eagerly looking forward to the upcoming DC Fintech Week. This annual event brings together individuals from both the public and private sectors who share a common interest in the world of finance and blockchain. Garlinghouse believes that the event provides a unique opportunity for people to come together and discuss
In recent trading hours, XRP, the popular cryptocurrency, has been experiencing significant strides. Investors and traders have witnessed remarkable gains, as the hourly chart indicates a bullish trend despite a sharp rise. CoinGecko reports an impressive 8.9% increase in the past 24 hours, marking a seven-day rally of 24.4%. Bulls are flexing their muscles on
Ethereum (ETH) has been gaining significant attention in recent weeks as it steadily approaches the $1900 price region. The cryptocurrency has seen a 5.85% increase in the last seven days, contributing to a total price surge of 15.17% over the past four weeks. However, it’s a recent whale movement that has sparked speculation of an
The performance of Bitcoin has been a hot topic in the crypto market, especially in the month of October. While some analysts have expressed bearish projections for the premier cryptocurrency, others have maintained a positive stance on Bitcoin’s performance, not only in November but also beyond. This article aims to provide a critical analysis of
Polygon (MATIC), a Layer 2 (L2) blockchain network, witnessed extraordinary growth in the third quarter of 2023. The platform experienced significant milestones in terms of non-fungible token (NFT) sales, successful network upgrades, and the activation of a new token. This article delves into the remarkable achievements of Polygon during this period and explores the factors
The Solana price has experienced a remarkable surge, propelled by a spike in volatility. This surge has taken the cryptocurrency from its yearly lows to reach a new all-time high. The magnitude of this bullish momentum has left some market participants in disbelief, while others have eagerly embraced the price action to capture substantial profits.
Cardano, one of the prominent blockchain networks, has had a challenging third quarter, leaving investors and enthusiasts intrigued about its future trajectory. While certain metrics have presented a less-than-stellar picture, there are emerging indicators that suggest the potential for a positive turnaround. In the realm of cryptocurrencies, metrics play a crucial role in determining the
In a recent analysis by Ram Ahluwalia, the CEO of Lumida Wealth, he delved into the potential market impacts on Bitcoin, specifically emphasizing the significance of a failed Treasury auction. Lumida Wealth, an SEC registered investment advisor, specializes in alternative investments and digital assets. Ahluwalia’s insights shed light on the need to closely monitor Bitcoin’s