This rise in interest is predominantly due to developers attempting to answer the question of whether Bitcoin’s use cases can stretch beyond P2P electronic cash or a store of value and how much more we could accomplish with the original blockchain and cryptocurrency. The integration of Bitcoin into traditional financial…
The difficulty of mining bitcoin has reached an all-time high of 92.6 terahashes, increasing by over 10% since early July, which could strain miners’ profitability due to higher operational costs. Increased mining difficulty might pressure miners financially, potentially leading to more bitcoin being sold to cover costs. However, some say…
While innovations are emerging across the crypto industry to address environmental concerns, Bitcoin’s contribution to global carbon emissions remains a major point of contention. Bitcoin’s Environmental Problem Bitcoin’s PoW mechanism relies on miners solving complex cryptographic problems, consuming vast amounts of computational power and energy. According to estimates from the…
A hot and highly anticipated Bitcoin scaling network went live this week, although its code is almost indistinguishable from Bitcoin’s own layer-1 blockchain. What gives? On Sunday, Fractal Bitcoin announced the mainnet launch of its Bitcoin sidechain network. As a tribute, Fractal included in its genesis block the same message…
Since Ethereum underwent the Merge two years ago, its performance relative to Bitcoin has declined significantly. From gradually losing its reputation as ultra-sound money, ether (ETH) is currently a few steps away from falling into the undervaluation territory. Blockchain analytics platform CryptoQuant has identified the major drivers of Ethereum’s underperformance…
Crypto market expected to remain highly correlated to stocks, the report said. The bank noted that network activity has been falling on Ethereum and stalling on the Bitcoin blockchain. Both bitcoin and ether spot ETFs have seen outflows, the bank said. The cryptocurrency market has continued to underperform other risk…
Bitcoin mining profitability is at a record low, the report said. The aggregate market cap of the U.S.-listed bitcoin miners tracked by the bank fell 15% last month, JPMorgan said. The bank noted that mining difficulty rose 9% from the previous month. Bitcoin (BTC) mining profitability is stuck at record…
Quick Take The Ethereum 2.0 deposit contract has reached a significant milestone, with its balance surpassing 50 million ETH in USD value, according to Glassnode. Ethereum Total Value Staked: (Source: Glassnode) Of this, over 24 million ETH—almost 48%—is controlled by the top 11 staking providers. I believe this highlights a…
The cryptocurrency market has grown significantly in the past few years due to its high decentralization, security, and throughput compared to traditional financial systems. Bitcoin’s (BTC) decentralization has largely been achieved through its proof-of-work (PoW) consensus method, which allows anybody to participate in the mining process. The altcoin industry- led…
However, as the third quarter of the year enters its final month, some altcoins are beginning to show signs of potentially surpassing their previous peaks. This analysis highlights the top four altcoins with the potential to achieve new ATHs and the reasoning behind this optimistic outlook. Kaspa (KAS) Kaspa (KAS),…