Day: January 3, 2023

Ol’ Reliable Litecoin Up By 7% As LTC Flexes Muscles For 2023

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Known to be one of the oldest cryptocurrencies in the world, Litecoin (LTC) has been making headlines as it reported record high transaction numbers. According to the altcoin’s official Twitter account, it has serviced 39 million transactions as of December 29.  Add on to this the accompanying news that it has also hit second place in the unique addresses metric which grew to 52 million. These very bullish developments led to the token pumping 7% in the weekly timescale, according to Coingecko data.  The Litecoin Network completed over 39 million…

The Genesis Block: The First Bitcoin Block

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Bitcoin blocks have changed a lot since 2009. They contain thousands of transactions, instead of one. They take 10 minutes to mine. Miners are rewarded with 6.25 BTC, after three “halvings” of the reward, which occur roughly every four years on a predetermined schedule. As of December 2022, there were more than 750,000 blocks in the Bitcoin blockchain. They form an unbroken sequence, each specifically referencing the previous one, stretching all the way back to the Genesis Block. Original

Bitcoin & Ethereum Lack Volumes To Justify Caps: Santiment

Data from Santiment reveals both Bitcoin and Ethereum currently lack the trading volumes to justify their market caps. Bitcoin And Ethereum NVT Ratios Are Both Bearish Right Now According to the on-chain analytics firm Santiment, both the bitcoin and ethereum networks will need to see a pickup in activity this year. The relevant indicator here is the “Network Value to Transaction” (NVT) ratio, which measures the ratio between the market cap of any crypto and its transaction activity. Usually, the trading volume is considered as the transaction activity of a…

Understanding the Development of DAO-Enabled NFT Platforms

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Everyone is interested in investing because the market for non-fungible tokens has strengthened. People make millions of dollars by investing in decentralized app development and launching their own DAO-based NFT platform. Customers use NFT to purchase real estate and homes, and businesses sell virtual clothing and accessories. NFTs have been able to expand the industrial sectors through tokenizing digital assets. Millions of NFTs are created, minted, purchased, and sold daily. By 2025, the NFT industry will generate over $80 billion. Blockchain technology has come a long way since its inception.…

Gemini’s Cameron Winklevoss Insists Digital Currency Group Needs to Resolve Liquidity Issues in Open Letter to CEO Barry Silbert – Bitcoin News

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Cameron Winklevoss, co-founder of the cryptocurrency exchange Gemini, published an open letter to Digital Currency Group (DCG) CEO Barry Silbert on Jan. 2, 2022, stating that it had been 47 days since withdrawals from Genesis had been halted. In the letter, Winklevoss claimed that DCG owes $1.675 billion to Genesis. Silbert, however, responded on social media, denying the claim. Gemini Co-Founder Publishes Open Letter to DCG Chief Executive Barry Silbert Demanding He Resolves Liquidity Issues by Jan. 8, 2023 Gemini co-founder Cameron Winklevoss shared an open letter on Twitter on…

New Narrative Could Skyrocket These Altcoins

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A look at the top performers over the past 24 hours reveals a trend that could trigger a boom among certain altcoins in 2023. We’re talking about Lido Finance (LDO), which has risen 7% in the past 24 hours and 17% over the past seven days, making it the 37th largest cryptocurrency by market cap. Lido Finance is a decentralized liquid staking application that allows users to generate additional yield for staking their assets. The application currently offers support for five cryptocurrencies: Ethereum (ETH), Polygon (MATIC), Solana (SOL), Kusama (KSM),…

Community celebrates Bitcoin Genesis Day by sending BTC to the genesis block

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As Bitcoin (BTC) has its 14th birthday, Bitcoiners from around the world are celebrating in various ways, with some opting to send BTC to the address containing the rewards for mining its genesis block. On Jan. 3, 2009, pseudonymous Bitcoin creator Satoshi Nakamoto mined the genesis block, which led to the minting of the first 50 BTC. This instance paved the way for an entire industry to be developed, with millions of people working toward a similar vision for the future of money. 14 years later, many are showing their…