CRYPTOCURRENCIES
Transition to PoS will Improve Ethereum Efficiency 2000 Times: Ethereum Foundation
A greener future is expected on the horizon for Ethereum, thanks to the PoS consensus mechanism, which increases the network's efficiency 2000 times more.
Bitcoin’s Institutionalization Increases 4-Fold to Hit Weekly Average of $1.9T
Since institutional investments started trickling into the Bitcoin (BTC) network, the leading cryptocurrency has prompted exponential growth.
CNBC Survey: Most Millennial Millionaires Own Cryptocurrencies at 83%
Based on the technological innovations revamping the world like cryptocurrencies, millennials have been at the forefront to embrace them, as cited by CNBC Millennial Millionaire Survey findings.
Proof of Stake Networks to Help Staking-as-a-Service Providers
The proof of stake (PoS) consensus mechanism has gained steam in 2021 because it is more environmentally friendly and cost-effective compared to the proof of work (PoW) framework used in networks like Bitcoin (BTC).
Is Bitcoin Getting Ready for a Breakout?
There seems to be light at the end of the tunnel for a breakout in the Bitcoin market because the multi-month downtrend witnessed on the momentum indicator has broken out to the upside.
New Wave of Green Energy Programs Influence Crypto Mining Sector
The mass exodus of crypto mining operations out of China based on intensified crackdowns has triggered the urge for sustainable and environmentally friendly mining activities.
53% of the Top 100 Cryptocurrencies are Trading Below Their 200-Day Moving Average
Due to massive liquidations experienced nearly two weeks ago, 53% of the top 100 cryptocurrencies have not fully recovered because they are still trading below their 200-day moving average.
Retail Investment Slips as New Bitcoin Addresses Drop
Retail investment in the Bitcoin (BTC) market seems to have dried up based on the drop in new addresses.
Ethereum Whales Continue Ramping up, Despite Price Slip Below $4,000
Active whales in Ethereum (ETH) have taken advantage of the retracement happening in the market by accumulating more coins.
Russian Central Bank Bars Mutual Funds from Investing in Cryptocurrencies
Under the new ban, Russia’s mutual fund companies must not invest in crypto assets.
Europe Takes the Major Share in terms of Global Crypto Distribution
As crypto adoption continues to gain steam, Europe is at the helm when it comes to crypto distribution worldwide.
Ethereum’s Median Fee Hit a 4-Month Low, while Address Activity Soaring to a 7-Month High
Ethereum users have a sigh of relief because median fees have dropped to $5.50 per transaction from highs of $34.18 last month.
Bitcoin Hashrate Has Almost Completely Recovered after Dropped by 93%
Bitcoin miners have been on the right footing after relocating other areas like the United States, Kazakhstan, and Iraq because the hashrate has nearly fully recovered based on a 93% surge.
More Money has Flowed into Ethereum than Bitcoin in 2021
Ethereum has emerged as the victor because more money has trickled into its network than Bitcoin in 2021 based on the market capitalization metrics.
NFT Secondary Sales Surpass $15b amid Monthly Volume Constantly Topping $1b
The non-fungible tokens (NFTs) sector continues to take the world by storm based on the massive growth experienced.