Category : Market Analysis

Tesla makes $1 billion profit from its Bitcoin (BTC) holdings

Earlier in the year, Tesla made the headlines in the crypto space for its bold entrance into the industry with an investment of $1.5 billion into the leading digital asset, Bitcoin. Tesla makes $1 billion from BTC As of today, with Bitcoin’s price ra...

America, not Asia, is leading in DeFi usage and DEX activity

A new Chainalysis report has revealed that thanks to growth in the DeFi space, North America is now the second-largest crypto market in the world while the dominance of East Asia has dropped significantly as it now ranks fourth in the world. Defi pus...

Report: America, not Asia, is leading in DeFi usage and DEX activity

Shanghai Man: Fiat on-ramps dry up in China, crypto topics censored on social media

DeFi activity on Binance Smart Chain increased 487% since 2020

The activity on Binance Smart Chain (BSC) continues increasing as the number of unique active wallets (UAW) connected to the network surpassed 608,500 per day on average during Q3, according to DappRadar’s recent report. The popular data acquisition...

Shiba Inu (SHIB) is about to drop Shiboshis NFTs. Here’s why it matters

Hoping to replicate the success of NFT collections such as CryptoPunks and Bored Apes, Shiba Inu is set to launch Shiboshis. Source: shytoshikusama.medium.com The initial Shiboshis drop will be available only on Shiba Swap. But no firm release date h...

Shiba Inu (SHIB) is about to launch Shiboshis NFTs

This post was last updated on October 16th, 2021 at 02:38 amHoping to replicate the success of NFT collections such as CryptoPunks and Bored Apes, Shiba Inu is set to launch Shiboshis. Source: shytoshikusama.medium.com The initial Shiboshis drop will...

Bitcoin is primed to be heading to its $64,000 high. Here’s why.

As of October 12th, Bitcoin’s price seems to be climbing to new highs despite a slight drop caused by El Salvador’s announcement to become the world’s first nation to accept the coin as legal tender earlier last month. The optimism generated by El S...

Op-Ed: Here’s why Bitcoin is primed to be heading to its $64,000 high

One of the most calming influences during the summertime Bitcoin downturn was Salvadoran President Bukele, who tweeted: “Buying the dip. 150 new coins added.” As of October 12th, Bitcoin’s price seems to be climbing to new highs despite a slight drop...

“Big Short” famed Michael Burry says Shiba Inu (SHIB) is ‘pointless’

This post was last updated on October 16th, 2021 at 02:38 amShiba Inu continues to buck this week’s alt market downtrend, further suggesting meme coin investors have switched their focus away from Dogecoin. Since the start of October, when SHIB...

On-chain data shows Bitcoin (BTC) whales are ‘hodling’ on as BTC nears $60,000

Bitcoin’s (BTC) recent constructive price action reflects upward trends in accumulation and HODLing behavior, as well as elevated on-chain activity and increased network utilization, Glassnode’s report for the first week of October revealed. However,...

Bitcoin just settled $31 billion worth of BTC transactions in a single day

The world is growing increasingly pro-Bitcoin as the latest data has shown that the flagship digital asset settled over $30 billion worth of transactions in one day beating that of other payment gateway systems like that of MasterCard and Visa. Bitco...

Ethereum (ETH) devs looking to delay difficulty time bomb, what could this mean?

Last week, Ethereum devs Tim Beiko and James Hancock posted proposal 4345 to delay the difficulty time bomb until May 2022. The difficulty time bomb refers to a process that would make Ethereum mining increasingly harder to do. The idea is to arrive...

Almost twice as many Salvadorians have a Bitcoin wallet than a bank account

In just over a month since Bitcoin became legal tender in El Salvador, almost twice as many Salvadorians have a Chivo wallet than a bank account. In his most recent post on the uptake of Chivo on October 3, President Bukele said 3 million Salvadorian...

Why crypto exchange Kraken predicts a $100,000 value for Bitcoin (BTC)?

Bitcoin’s value, from the earliest of days, has always attracted different price predictions from many crypto analysts and sceptics alike. Kraken, a leading US-based crypto exchange, is of the opinion that the price of the flagship asset could touch...