In the ever-evolving world of Bitcoin mining, the difficulty metric has reached unprecedented levels in 2023. At block height 818,496, the Bitcoin network underwent a notable adjustment, resulting in a staggering 5.07% increase in mining difficulty. This remarkable surge propelled the metric to a new all-time high of 67.96 T. The mining difficulty of Bitcoin
Bitcoin
Bitcoin, the world’s most popular cryptocurrency, has experienced substantial growth in price performance this year. With the cryptocurrency currently up over 125% in 2023, many analysts, including the well-known crypto analyst PlanB, believe that this upward trend will continue. Based on his analysis of Bitcoin’s realized price, PlanB suggests that we might be nearing the
Shiba Inu (SHIB) burn tracker, Shibburn, has recently raised concerns about the creator of the meme coin, who goes by the pseudonym “Ryoshi”. The community project has alleged that Ryoshi’s actions are not in the best interest of the SHIB ecosystem. These allegations highlight potential dishonesty and greed that may have hindered the growth of
XRP price recently underwent a downside correction and tested the $0.572 level. However, the price is now experiencing an upward movement and could potentially gain bullish momentum if it manages to clear the $0.642 resistance zone. XRP’s Decline and Support Levels After facing rejection near the $0.740 zone, XRP initiated a fresh decline, slipping below
Bitcoin, the largest cryptocurrency in the market, has faced another setback in its journey towards reaching the $38,000 level. With a 3% pullback, many in the community are speculating that a significant retracement might take place before the bullish momentum resumes and the next uptrend begins. Renowned crypto analyst Adrian Zdużyć has shed some light
Ethereum price has shown signs of strength recently as it started a fresh increase above the $1,950 resistance level. This upward momentum has allowed ETH to consolidate above $2,000 and the 100-hourly Simple Moving Average. One notable move for Ethereum was the break above a major bearish trend line with resistance near $2,010 on the
In a momentous historical event, Argentina has made a groundbreaking stride by electing its first-ever pro-Bitcoin President. The results of the presidential election, announced on November 19, showcased a victory for Javier Milei, a right-wing libertarian and an advocate for Bitcoin. With nearly 56% of the votes, Milei emerged victorious, paving the way for a
In a recent incident, Kronos Research, a market maker, trading firm, and venture capital fund based in Taipei, suffered a breach of its security system, resulting in the withdrawal of significant amounts of crypto assets. The company disclosed the security incident on social media, announcing that unauthorized access had been made to its API keys.
In a groundbreaking move, tech firm Republic has recently announced its mission to democratize private market investing. The company has selected Avalanche as the platform to launch its profit-sharing digital asset, the Republic Note (R/Note). This innovative digital security is backed by Republic’s extensive private equity portfolio, which encompasses over 750 assets. Choosing Avalanche: The
The current crypto market has witnessed a significant shift in sentiment among Ethereum (ETH) holders. Some of these investors are reportedly panic selling their ETH holdings and diversifying into alternative layer-1 altcoins such as Solana (SOL) and Cardano (ADA). Their concern stems from the possibility that ETH may not outperform the market as it did
