962 days ago
The total market value of cryptocurrencies rose above $2 trillion again as Bitcoin continued to climb and the likes of Cardano, XRP and Dogecoin advanced as well. The global value of crypto climbed to $2.06 trillion on Saturday according to CoinGecko, a website tracking over 8,000 coins. Bitcoin is at its highest since May 16 at $48,152. Source: Bloomberg
962 days ago
There appears little can stop the process of ethereum ‘flippening’ to take the top spot by market cap, even it takes years rather than months at current trajectories. Ethereum appears on an enduring path as the go-to platform for the crypto ecosystem and decentralization of finance akin to Amazon Inc. and e-commerce. Source: Coindesk.com
965 days ago
Bitcoin has regained lost ground following a 2.4% sell-off on Thursday, when the crypto fell to lows of approximately $43,800. By press time, the world's largest cryptocurrency by market value had gained 1.5% in a 12-hour period and was trading for around $46,100. Source: Coindesk
965 days ago
Bitcoin resets the difficulty of mining every 2016 blocks, or around every two weeks, the bitcoin code automatically made it around 7.3% more difficult to solve a block early Friday morning, as planned. The difficulty adjustment also reflects the reality that, in terms of global hashrate, the mining industry has already reached its bottom. Miners have been quickly resuming operations since the end of June: Source: CNBC
966 days ago
The cryptocurrency industry has regained sight of a $2 trillion market cap, a figure last seen in May, but future advances are hampered by the possibility of new tax reporting requirements in the U.S. The crypto industry failed to adjust the tax reporting rules, which are projected to raise about $28 billion in revenue. Source: Bloomberg
