Category: Uncategorized

[ad_1] FTX-backed layer-1 blockchain Aptos is facing backlash for failing to deliver on its promise of scalability from launch day. The layer-1 blockchain developed by ex-Meta employees launched its mainnet “Aptos Autumn” on Oct. 17. Before launch, it had promised to deliver an unparalleled speed of up to 160,000 transactions per second (TPS). However, a…

[ad_1] Bitcoin (BTC) prices during the coldest winter in crypto history have been very discouraging for investors. At specific points, the prices were lower than they were almost five years ago. Nevertheless, this doesn’t mean that the Bitcoin price is degrading if we zoom out. If we look at significant price drops and Bitcoin’s recovery…

[ad_1] One of the most frequently used on-chain metrics to determine Bitcoin’s performance is the behavior of its long-term holders. Defined as addresses that haven’t moved any BTC in six to twelve months, long-term holders often indicate market tops and bottoms. The short-to-long-term realized value (SLRV) ratio looks at the behavior differences between short and…

[ad_1] Bitcoin Archive tweeted that BTC volume is “climbing to bull market levels,” while highlighting a continuous monthly uptick since August. Source: @BTC_Archive on Twitter.com That in itself cannot be taken as a definitive sign of the bull market returning. Nonetheless, in conjunction with Bitcoin’s Consumer Price Index (CPI) snap back on Thursday, a degree…

[ad_1] Former U.K. Independence Party (UKIP) Leader Nigel Farage likened his experience as a political outcast to what is happening with the Bitcoin movement. Known as a Euro-skeptic, the ex-Member of the European Parliament (MEP), who served until the U.K.’s exit from the EU, has voiced numerous “anti-establishment” opinions in the past, including condemning the…

[ad_1] The price of Bitcoin tanked by 3% following the release of September’s Consumer Price Index (CPI) data showing inflation at 8.2% year-over-year. This came in worse than the 8.1% expected rate, extending fears of a drawn-out bear market while adding pressure for further rate hikes. The pressure is on On October 7, the U.S.…

[ad_1] The U.S. national debt reached its all-time high this month, surpassing $31 trillion. Over $11 trillion of the debt was added in the past 10 years alone, $5 trillion of which was a direct result of the debt spending initiated by the Biden administration in 2020. Graph showing the size of the U.S. debt…

[ad_1] Despite intense rivalry for the title of “the next Singapore,” Bitcoin maximalist Max Keiser has high hopes El Salvador can rise to the challenge. El Salvador made Bitcoin legal tender in September 2021, much to the dismay of the international community, including organizations such as the International Monetary Fund (IMF) and the World Bank.…

[ad_1] A group of U.S. lawmakers led by Senator Elizabeth Warren has asked the Electricity Reliability Council of Texas (ERCOT) to provide operational and financial information about Bitcoin miners in Texas. Texas is home to about 30 crypto-mining companies consuming about 9% of the global mining power. By the end of 2023, the emission rate…

[ad_1] The total cryptocurrency market cap saw net outflows totaling $12.75 billion. As of press time, the industry’s market cap stood at $911.14 billion, down 1.45% over the last 24 hours. Bitcoin’s market cap fell 0.5% over the reporting period to $365.65 billion from $367 billion Ethereum’s market cap decreased 1.05% to $157.7 billion from…