The mining difficulty for Bitcoin‘s network has increased by almost 4% to reach a new all-time high, just prior to the much-anticipated Halving event. This significant adjustment, now at 86.4 trillion, is an essential milestone in Bitcoin‘s history. Decrypting Bitcoin’s Mining Complexity Significantly, the mining difficulty of Bitcoin refers to the level of complexity required … Read more
In the past day, there have been numerous XRP positions being closed, leading to heightened anxiety among XRP investors. The influence of the derivatives market on cryptocurrency prices is well-known, making this development particularly noteworthy. $1.32 Million XRP Positions Get Liquidated According to Coinglass data, approximately $1.32 million worth of XRP positions were terminated in … Read more
According to some experts, Bitcoin‘s condition appears to have improved significantly since it reached over $70,000 in March 2024, with cryptic all-time highs in sight. This optimistic view is based on the observation that funding rates have decreased to normal ranges, suggesting reduced volatility and a decrease in the sense of urgency or fear of … Read more
Once more, Bitcoin‘s price surged strongly, shattering the $70,000 mark, showing determination for further growth. Bitcoin At $82,000 Remains The Target After a positive turnaround today, noted cryptocurrency guru and Bitcoin supporter, Crypto Jelle, has predicted a bullish trend for crypto assets, pointing to a potential short-term value of $82,000. Crypto Jelle highlighted that after … Read more
With over 80 million users, Trust Wallet, a prominent crypto wallet and Web3 access point, takes a step forward by introducing MEV (Miner Extractable Value) Protection. This innovative feature enhances the safety and impartiality of cryptocurrency transactions. In response to user concerns about technical glitches and hacking incidents, this implementation underscores Trust Wallet’s dedication to … Read more
KuCoin research, the analytics arm of the crypto exchange, has released its monthly report on market trends, sharing insights into the industry’s behavior in the past month. According to the report, the number of financing in the digital asset space increased by 50% in March to reach $1.6 million compared to February. During the past … Read more
In Q1 2024, Bitget, a significant crypto exchange and Web3 company, unveiled its transparency report, highlighting remarkable expansion and commitment to a flourishing cryptocurrency community. The platform experienced a 100% increase in trading volumes for both spot and futures markets compared to the previous quarter. Additionally, the value of Bitget’s native BGB token rose by … Read more
Bitrace, a company specializing in blockchain data analysis, has offered on-the-job training in blockchain fund tracking to the officers of the Hong Kong Police Force. This initiative, undertaken through Bitrace’s Corporate Social Responsibility program, aims to enhance the police force’s knowledge about blockchain technology. With Hong Kong emerging as a significant player in the crypto … Read more
The Democratic Party (DPK) of South Korea’s opposition won a large number of seats in the parliamentary elections. This doesn’t necessarily mean President Yoon Suk Yeol will be removed, but signs suggest his term may only last three years. Additionally, following the DPK’s victory, Han Dong-hoon and Han Duck-soo stepped down as leader of the … Read more
Reaching over 4 million unique wallet addresses is an impressive accomplishment for Shiba Inu, signaling its rising prominence among digital assets. According to data from Glassnode, the number of Shiba Inu addresses has consistently increased in recent months, leading to this noteworthy achievement. Address Growth Signals Potential, But Activity Paints A Different Picture Although the … Read more