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
The price of XRP (XRP) may see a significant rally of over 20% in the coming weeks due to a classic bullish continuation setup known as the bull flag pattern. This pattern typically forms when the price of an asset consolidates within a parallel channel after experiencing a strong uptrend. The bull flag pattern is
Bitcoin, the leading cryptocurrency, has experienced lackluster price movements in recent days, stagnating just below the $38,000 mark. The same can be said for most altcoins, with only minor gains observed in Chainlink and Tron among the larger-cap coins. This stagnation follows a week of volatility driven by developments surrounding Binance and its interaction with
In a surprising move, Justin Sun, a top representative for the crypto exchanges HTX and Poloniex, recently announced plans to reward users and cover losses. On November 24th, Sun took to social media to express his deepest apologies to the users affected by the hacker attacks on HTX and Poloniex and reassured them that all
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
During Binance Blockchain Week, I had the extraordinary opportunity to sit down with Richard Teng, the newly appointed CEO of Binance. As the former Head of Regional Markets for Binance, Teng witnessed the rapid growth of the cryptocurrency industry firsthand. He shared his fascination with the foray of cryptocurrencies into traditional finance circles during a
European Central Bank President Christine Lagarde recently revealed that her own son had experienced significant financial loss as a result of investing in cryptocurrency. Lagarde disclosed that her son had disregarded her warnings and ultimately lost “almost all” of his invested funds. This incident serves as a cautionary tale, highlighting the potential risks and volatility
Web3 protocol Blast network has gained over $400 million in total value locked (TVL) in the four days since it was launched, according to data from blockchain analytics platform DeBank. However, the success of Blast network has not come without controversy. Polygon Labs developer relations engineer Jarrod Watts recently raised concerns about the network’s security
The Investment Association has announced that the U.K. has given the green light to a project that allows authorized funds to develop tokenization within the investment sector. With the aim of enhancing efficiency, transparency, and competitiveness, this initiative is part of a collaborative effort between the Technology Working Group of the government’s Asset Management Taskforce,
In the world of cryptocurrencies, Bitcoin and Cardano are currently attracting the attention of investors and analysts. The crypto analyst behind the popular YouTube channel Crypto Capital Venture has expressed his belief that both Bitcoin and Cardano could be on the verge of significant breakouts in the near future. While he stops short of calling
