In another example of crypto using the courts to fight back against unwarranted regulatory interference, blockchain advocates stopped a U.S. statistics agency from issuing an “emergency” request for mining energy metrics. Source
Having achieved its highest value ever on March 5, 2024, precisely at 10:03 a.m. Eastern Time (ET) on Tuesday, the price of bitcoin has declined by more than 11% against the greenback at 3:00 p.m. ET. Currently, bitcoin boasts a global trading volume of $52.34 billion, contributing to the total $275 billion exchanged throughout the […] Original
Binance just announced the listing of Dogwifhat (WIF), the Solana-based coin climbing up in the memecoins ranking. The price of the dog-themed coin positively reacted to the announcement news and reached a new all-time high. WIF Now Trading On Binance Today, Binance announced the highly anticipated listing of Dogwifhat. WIF has been experiencing a crazy bull run the past few weeks that has catapulted the coin even higher after the memecoin frenzy that started over the weekend. The hat stays on, on #Binance$WIF will be live for trading at 14:00…
Bitcoin soared after the last halving in May 2020, and miners joined in. At the time, there weren’t many large-scale miners. This time around, though, the market is crowded with many large-scale miners, who will compete for bitcoin rewards that will be cut to 3.125 from 6.25 bitcoin. On top of that, the difficulty of mining a block has also risen to an all-time high, which will make things even tougher post-halving. Original
Traders liquidated their profits as soon as Bitcoin reached its all-time high today, withdrawing over $142 million in an hour. The leading cryptocurrency reached its all-time high of $69,000 today after rallying over 50% throughout February. Today marked Bitcoin’s highest price since November 2021, just a month away from the impending coin’s halving. According to spot market data, traders did not wait to cash in on profits, as more than $142 million was swapped for USDT on Binance alone. This indicates that short-term traders feared a correction, as the market…
As Bitcoin surges towards its all-time high (ATH) of nearly $70,000, analysts are closely watching Ethereum, the world’s second-largest cryptocurrency, wondering how quickly it will follow suit and break its record ATHs of approximately $5,000 printed in late 2021. How Will Ethereum React When Bitcoin Breaks Above $70,000? One analyst, posting on platform X, highlights the difference in the two coins’ positions compared to the last time Bitcoin broke above 2017 highs of $20,000 in December 2020. Then, Ethereum was trading at $600, a full 57% below its previous ATH of about…
Cardano’s price hit a 2-year peak of $0.78 on Mar. 5, which saw ADA’s weekly timeframe gains exceed Solana’s performance. Cardano and other altcoins have been on a tear over the past week, while Bitcoin’s dominance (BTC.D) slipped into a downtrend. On-chain analysis examines how the rapid growth of Cardano’s defi ecosystem could help ADA prices capture more value in the coming days. ADA price has outperformed SOL in the past week Bitcoin has grabbed most of the media headlines in March 2024 so far. However, Bitcoin dominance over the…
BTC momentarily plunged to €48,529 from €60,000 on Coinbase, while on Kraken, for instance, the price only went as low as €58,400. The reason for the flash crash remains unclear and it took 10 minutes for the price to rebound back to parity with other exchanges. Original
Right now, the kind of fully digital end-to-end systems that smart contracts enable are the province of the world’s biggest companies. With scale and deep pockets, big companies have built integrated systems without blockchains. However, because they are highly customized and built on private systems, they are too costly and complex for most smaller firms to manage. As blockchain access spreads through the business world, we will see more than just efficiency, we will see a more level playing field between small firms and large enterprises. Source
On Coinbase, the U.S.-based cryptocurrency exchange popular with retail traders, bitcoin got to a new high of $69,325. But Bloomberg says the fresh record is $69,191.94, Reuters says $69,202 and the CoinDesk Bitcoin Index (XBX) says $69,208.79. CoinGecko reports that bitcoin only reached $68,912.84 on Tuesday, which is not a new record, according to its tally. Source