Tag: High

Bitcoin mining difficulty hit an all-time high even with depressed prices

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Bitcoin’s mining difficulty rose to an all-time high last week for the second time in a month, which is great for the health of the network but has been putting pressure on crypto miners. It now requires 35.6 trillion hashes to mine one bitcoin. That’s about 13.55% higher than the previous difficulty adjustment two weeks ago and the highest adjustment in more than a year, CryptoQuant. The difficulty algorithm is programmed in the Bitcoin code to stabilize the network by ensuring each coin is mined at a steady pace of…

Polkadot hits all-time high in development activity

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According to data from programming repository GitHub, Polkadot recognized more than 500 contributions each day in September — an all-time high for the multichain protocol. Simultaneously, data from Polkadot’s cross-consensus interoperability standard XCM show that a record 26,258 messages were sent between its parachains. In total, 14,930 developers’ contributions were recorded on Polkadot’s GitHub in the month of August. As told by project developers, 66 blockchains are now live on Polkadot and its parachain startup network Kusama. Since its inception, over 140,000 messages have been exchanged between chains via 135…

Bitcoin Futures Market Remains Heated As Leverage Stays High

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On-chain data shows the Bitcoin futures market has remained heated recently as leverage taken on by investors has been quite high. Bitcoin Estimated Leverage Ratio Declines A Bit, But Still Remains Very High Following the rise in derivative activities, the leverage in the market hit a new all-tine high recently, as noted by an analyst in a CryptoQuant post. The “all exchanges estimated leverage ratio” is an indicator that’s defined as the ratio between the open interest and the derivative exchange reserve. When the value of this metric is high,…

QNT Hits 10-Month High on Saturday – Market Updates Bitcoin News

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Quant rose to its highest point since the start of the year on Saturday, as prices climbed for a third straight session. In addition to this, tron was also higher, as the token attempted to break out of a key resistance point. Overall, cryptocurrency markets were down 1.95% as of writing. Quant (QNT) Quant (QNT) was one of the notable movers to start the weekend, as the token surged to a ten-month high. Following a low of $162.00 on Friday, QNT/USD surged to an intraday peak of $184.98 earlier in…

QNT Remains Near Multi-Month High, HBAR 11% Higher – Market Updates Bitcoin News

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Quant continued to trade close to an eight-month high on Wednesday, as prices of the token rose for a second straight day. Hedera was another notable mover in today’s session, as it rose by as much as 11% earlier in the day. Overall, crypto markets are marginally down as of writing. Quant (QNT) Quant (QNT) rose for a second consecutive day on Wednesday, as prices remained close to an eight-month high. On Sunday, the token surged to a peak of $163.83, which is the highest point quant has hit since…

TRX Hits 4-Week High, MKR Remains Close to 2-Month Peak – Market Updates Bitcoin News

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Tron rose to a one-month high in today’s session, hitting a key resistance point in the process. The surge in price comes despite cryptocurrency markets trading mostly lower on Monday. Another exception to this decline was maker, which remained close to an eight-week high. Tron (TRX) Tron (TRX) surged to a four-week high to start the week, hitting a key resistance point in the process. Following a low of $0.06234 on Monday, TRX/USD climbed to a peak of $0.06492 earlier in the day. This saw prices near a collision with…

Bitcoin Mining Difficulty Surges to an All-Time High, Network Prints 2022’s Largest Retarget Increase – Mining Bitcoin News

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Bitcoin’s mining difficulty reached an all-time high on October 10, which means it’s more difficult than ever before to mine the leading crypto asset. Following the difficulty reduction on September 27, the network’s mining difficulty increased 13.55% higher at block height 758,016 as it printed the highest difficulty rise recorded this year. It’s Now 13.55% More Difficult to Discover a Bitcoin Block Reward, as Network’s Mining Difficulty Reaches an All-Time High at 35.61 Trillion Five days ago, Bitcoin’s hashrate reached an all-time high (ATH) when it tapped 321.15 exahash per…

Bitcoin Mining Difficulty Surges to All-Time High, Putting Additional Squeeze on Miners

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Over 12,000 Brazil companies declare crypto holdings in record high

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August figures released by Brazil’s tax authority revealed over 12,000 companies have cryptocurrency holdings, the largest amount ever recorded. The number of companies holding cryptocurrency in Brazil has reached new record highs as of August, amid an increased trust in cryptocurrencies and high inflation rates. According to local media reports, the country’s taxation authority, Receita Federal do Brasil (RFB), also known as the Federal Revenue of Brazil, recorded 12,053 unique organizations declaring crypto on their balance sheets in August 2022. The number is a 6.1% increase from the 11,360 companies…