Crypto

Amid the United States President Joe Biden signing legislation to raise the government’s debt limit to $28.9 trillion, Senator Cynthia Lummis said that Bitcoin (BTC) is a blessing of God. Senator Lummis gave a speech to the Senate on Thursday, providing her perspective on how digital currencies like Bitcoin could potentially help countries like the U.S. address the looming crisis when the state runs out of cash. Lummis said that one of the reasons she had become so interested in non-fiat digital currencies like Bitcoin is because they are not issued by the government and thus aren’t beholden to the debts that are “run up by governments” such as the United States. As cryptocurrencies are not beholden to governments and political elections, they should grow and be there, allowing people to s...

Amid the United States President Joe Biden signing legislation to raise the government’s debt limit to $28.9 trillion, Senator Cynthia Lummis said that Bitcoin (BTC) is a blessing of God. Senator Lummis gave a speech to the Senate on Thursday, providing her perspective on how digital currencies like Bitcoin could potentially help countries like the U.S. address the looming crisis when the state runs out of cash. Lummis said that one of the reasons she had become so interested in non-fiat digital currencies like Bitcoin is because they are not issued by the government and thus aren’t beholden to the debts that are “run up by governments” such as the United States. As cryptocurrencies are not beholden to governments and political elections, they should grow and be there, allowing people to s...

Cryptocurrency data aggregator CoinGecko has released its Q3 2021 report showing massive gains across several crypto market sectors. Following the May market crash, Q3 began on a low ebb for the crypto space, with market capitalization even dipping further in late July below the $1.2 trillion, less than half of the $2.5 trillion all-time high recorded only two months prior. However, market capitalization did recover in Q3, even rising as high as $2.3 trillion in early September. According to the CoinGecko report, Bitcoin (BTC), gaming “coins,” and nonfungible tokens (NFTs) dominated the crypto market space in Q3. Bitcoin recorded a 25% increase between Q2 and Q3 and has continued on this upward trajectory, even reaching $60,000 for the first time in five months. The network’s hash rate als...

Cryptocurrency data aggregator CoinGecko has released its Q3 2021 report showing massive gains across several crypto market sectors. Following the May market crash, Q3 began on a low ebb for the crypto space, with market capitalization even dipping further in late July below the $1.2 trillion, less than half of the $2.5 trillion all-time high recorded only two months prior. However, market capitalization did recover in Q3, even rising as high as $2.3 trillion in early September. According to the CoinGecko report, Bitcoin (BTC), gaming “coins,” and nonfungible tokens (NFTs) dominated the crypto market space in Q3. Bitcoin recorded a 25% increase between Q2 and Q3 and has continued on this upward trajectory, even reaching $60,000 for the first time in five months. The network’s hash rate als...

Bitcoin (BTC) is now free to surge not only to existing all-time highs but beyond, analysts have said. Analyzing orderbook data on Oct. 15, monitoring resource Whalemap revealed that Bitcoin had already beaten all major resistance levels. Bitcoin is already moving in thin air  With $60,000 hitting for the first time since April, the odds are on for new all-time highs — and the timeframe for these keeps getting smaller. Now, a look at exchange conditions shows just how easily BTC/USD should jump into uncharted territory beyond $64,500. “Price discovery shall commence very soon,” Whalemap commented on a chart showing BTC supply levels by price. “Almost no supply at prices above 59k.” Bitcoin supply vs. BTC/USD chart. Source: Whalemap/Twitter Short squeeze or resistance slap at $64,000? ...

Bitcoin (BTC) is now free to surge not only to existing all-time highs but beyond, analysts have said. Analyzing orderbook data on Oct. 15, monitoring resource Whalemap revealed that Bitcoin had already beaten all major resistance levels. Bitcoin is already moving in thin air  With $60,000 hitting for the first time since April, the odds are on for new all-time highs — and the timeframe for these keeps getting smaller. Now, a look at exchange conditions shows just how easily BTC/USD should jump into uncharted territory beyond $64,500. “Price discovery shall commence very soon,” Whalemap commented on a chart showing BTC supply levels by price. “Almost no supply at prices above 59k.” Bitcoin supply vs. BTC/USD chart. Source: Whalemap/Twitter Short squeeze or resistance slap at $64,000? ...

The age of digital transformation has arrived, leading traditional industries to adopt new technologies to accommodate a fully digital future. As such, it shouldn’t come as a surprise that the trillion dollar oil and gas industry has quietly started to leverage blockchain technology for business success.  Douglas Heintzman, chief catalyst at the Blockchain Research Institute, told Cointelegraph that the oil and gas sector is particularly ripe for blockchain development due to its uniquely positioned supply chain: “There are many participants in downstream and upstream operations within the oil and gas industry.” He added further: “The industry must now look at all the processes built and developed over the last 80 years and ask themselves how to drive radical amounts of productiv...

When Nicholas Merten saw a video explaining Bitcoin in November 2011, he brushed it off, later lamenting that “I unfortunately did not do the right thing.” It’s hard to blame him, after all, he was only 13.  Now 23, he runs DataDash, a YouTube channel with over 470,000 subscribers, making it among the largest focused on the cryptocurrency industry. There, he shares tips about trading and makes thoughtful, balanced, and interesting commentary on various relevant topics along with occasional speculation. What is notable about his channel is that it is almost entirely absent of hype, preferring calculated and tempered analysis.  Merten is also the CEO of Digifox, a DeFi startup that aims to act as a one-stop shop for new cryptocurrency investors, soon allowing them to automatically ...

The number of crypto wallets participating in blockchain games has surged in recent months according to new research. According to DappRadar’s Q3 ‘Blockchain Game Report’, unique active wallets connected to gaming decentralized applications reached a total of 754,000 for the period. This represents almost half of the industry’s activity with the blockchain industry registering 1.54 million daily unique active wallets on average over the three-month period. The unique active wallet metric refers to unique addresses that interact with a given smart contract, so it does not necessarily translate to daily active users. The increase in gaming activity has been largely driven by the play-to-earn movement and in-game nonfungible tokens. These in-game NFT collectibles generated $2.32 billion in sa...