The cryptocurrency Market has exploded, featuring over 10,000 different coins. However, not all cryptocurrencies are created equal. Some, like memecoins, might seem exciting due to social media buzz, but they often lack real value and can drop in price just as fast as they rise. For newcomers, the best approach is to invest in well-established ...
Bitcoin has seen a significant drop in realized profit, down 76% after briefly reaching $100,000. Following this surge, the price fell nearly 10% within a day, causing over $303 million in liquidations. Analysts suggest that this decline points to reduced sell-side pressure, which may lead to less dramatic price drops in the future. Despite a ...
As the value of Bitcoin skyrockets, the environmental impacts of its mining process come under scrutiny. Bitcoin mining consumes a staggering amount of electricity—155-172 terawatt-hours each year—producing around 96 million tonnes of carbon dioxide annually. The shift of mining operations from China to countries like Kazakhstan and the U.S. has decreased the share of renewable ...
Cryptocurrencies are changing how we trade and invest, thanks to their decentralized and accessible nature. With blockchain technology gaining traction across various sectors, it’s essential to know how to choose the right cryptocurrencies for your portfolio. Important factors include Market capitalization, technology, the strength of the development team, real-world use cases, and growth potential. Currently, ...
Google’s CEO Sundar Pichai has announced the launch of Willow, a quantum computing chip with significant advancements. This breakthrough has raised concerns in the crypto community about its potential to crack Bitcoin’s security algorithms. However, many Bitcoin enthusiasts had anticipated this scenario and believe that any threat from Willow is still years away. The chip, ...
A member of Russia’s State Duma has suggested establishing a national Bitcoin reserve, aiming to use cryptocurrency to combat economic sanctions and achieve financial stability. This proposal, introduced by Anton Tkachev, comes after President Putin’s positive remarks about Bitcoin. Tkachev believes that a Bitcoin reserve could serve as a safeguard against inflation and currency instability, ...
Ava Labs co-founder Emin Gün Sirer has raised concerns about the security of Bitcoin holdings, especially those that were stored in the early days. He noted that while current quantum computing technology doesn’t yet threaten Bitcoin, future advancements could jeopardize the encryption protecting these assets. Sirer suggested possible solutions like freezing Satoshi Nakamoto’s coins or ...
In 2024, despite Bitcoin’s price falling below $100,000, it has surged over 120%, boosting Coinbase’s stock by 80% year-to-date. As the leading cryptocurrency exchange in the U.S., investors view Coinbase as a potential buy-the-dip opportunity, especially with its recent stock decline of 9%. Coinbase’s Q3 earnings showed remarkable growth, with sales reaching $1.2 billion, up ...
Monero (XMR) is a revolutionary cryptocurrency that emerged in 2014, designed for those seeking true privacy in online transactions. Unlike Bitcoin, which is transparent, Monero provides complete anonymity through advanced cryptographic features, such as ring signatures, stealth addresses, and confidential transactions. As governments increase surveillance, Monero acts as a safeguard for financial freedom, allowing users ...
Tether’s recent report reveals that there are now 109 million on-chain wallets holding USDT, making it one of the most popular digital assets. This growth positions USDT in close competition with Ethereum, vastly exceeding Bitcoin’s wallet numbers. The report notes that USDT is heavily integrated into centralized platforms, with 86 million accounts receiving on-chain deposits ...
