The cryptocurrency market is no stranger to ups and downs, but the past few days have been particularly turbulent for USDC. As a stablecoin, USDC’s value is supposed to remain constant at $1. However, in the past 48 hours, it has experienced a “depeg,” with its value dropping below $0.90 for the first time. Yikes! […]
The past seven days have been a rollercoaster ride in the crypto market. Unfortunately, this rollercoaster ride has mostly been heading downhill, and it’s been a bumpy one at that! The total capitalization of the crypto market has dropped below $1 trillion for the first time since January 14th. Ouch! That’s a lot of money […]
Bitcoin is a revolutionary concept, but as with any new idea, misconceptions often arise. Below, we will explore and dispel some of the most popular myths about Bitcoin. 1. BTC Promotes Crime This statement has been debunked by data revealing that only 0.15% of cryptocurrency transactions are associated with criminal activity. In contrast, 2-5% of […]
The whole global cryptocurrency market is currently being overtaken by worries over Bitcoin’s next direction. The whales’ interest in owning BTC as an asset is waning, according to a Santiment analyst. In fact, during the last rally in the past few days, the whales were heavily offloading their holdings. The total number of Bitcoin whales […]
Crypto investors, prepare to hold on tight to your seats because the cryptocurrency market has taken a nosedive! In just one hour, it lost a whopping $50 billion from its market capitalization. We know, we know, that’s a lot of zeroes. But don’t worry; we’ve got all the details on what went wrong. Firstly, the […]
Leaving just a few developers to maintain the BTC core after Falke’s departure. Falke was well known for his sole contribution to Bitcoin Core. In fact, in his active days, he was responsible for almost 3000 changes on the network; however, he has decided to leave that life behind him. This continues the recent pattern […]
What are Ordinals? Ordinals are a new concept in the Bitcoin world that involves building on top of the Bitcoin blockchain. Originally designed as a cryptocurrency, Bitcoin has failed to meet expectations as a means of payment. This is quite unlike smart contract platforms such as Ethereum, which have become popular among developers who are […]
The fate of Bitcoin hangs in the balance today as the expiration of BTC options worth a whopping $1.8 billion approaches. Will it soar to new heights or crash and burn? That’s the million-dollar question on everyone’s mind, and if the market breaches the $22,000 level, it could mean curtains for Bitcoin’s recent bull run. […]
The current recovery phase of BTC has been quite interesting, following the major events that negated the expansion of its price to the upside. Recall that about $100 billion was cut off from bitcoin’s market cap during the FTX crisis. However, BTC has successfully recovered, even with a $65 billion additional market cap. The increasing […]
