The Bitcoin network hashrate has topped 1 Zetahash per second (ZH/s) for the first time in Bitcoin’s 16-year history, according to several blockchain data sources. Bitcoin’s hashrate crossed the milestone on April 5 at a peak of 1.025 ZH/s, according to mempool.space data, while BTC Frame data said it hit 1.02 ZH/s a day earlier….
Bitcoin continues to trade inside a narrow range with no clear signs of a breakout from it. Trading platform QCP Capital said in its latest market update that Bitcoin (BTC) may remain quiet for a few more weeks before making its move in September. Delphi Digital co-founder Kevin Kelly believes that the cryptocurrency markets are in the…
A tight range usually resolves with a range breakout, and that is what happened in Bitcoin on Aug. 17. Bitcoin (BTC) fell sharply, resulting in $1 billion in liquidations for derivatives traders, the biggest amount since the FTX collapse in 2022. It is difficult to pinpoint any specific reason for the sell-off, but analysts believe that the confusion arising…
While some digital assets have stood the test of time, others have tumbled below the thousands of new digital currencies that exist today. Price of Bitcoin on Christmas Day 2023: $43,2542022: $16,8492021: $50,8882020: $23,7602019: $7,2662018: $4,0212017: $14,3022016: $8942015: $4562014: $3182013: $669 — CoinGecko (@coingecko) December 25, 2023 On Dec. 28, the total market capitalization for…
Crypto exchange Coinbase believes Dogecoin’s (DOGE) “enduring popularity” suggests it has transcended its meme origins to become a staple in the cryptocurrency industry, with the exchange now planning to launch futures trading products for the cryptocurrency. In three separate letters to the United States Commodity Futures Trading Commission (CFTC) on March 7, Coinbase Derivatives announced its…
Equity exchange network Cboe Global Markets has announced plans to reorganize its digital assets trading operations, including eliminating its digital spot market. Cboe said it will remove digital asset derivative trading from Cboe Digital and integrate it into its Global Derivatives and Clearing businesses. The Cboe Digital Spot Market will close in the third quarter…
The number of cryptocurrency ATMs installed worldwide has spiked 17.8% to 38,279 over the last 12 months — inching closer to its record of 39,541 set in December 2022. As of 2024, there have been 2,564 new cryptocurrency ATMs installed, indicating a positive trend compared to the net loss of 2,861 machines in 2023, according…
Update (Aug. 8 at 1:48 am UTC): Lookonchain deleted the X post that is the subject of this article after analysts argued the X post was inaccurate as most of the funds had been sold in 2021. A new article covering that latest development can be found here. Hundreds of cryptocurrency wallets that have remained…
Charlie Lee, the founder of Litecoin (LTC), made an appearance at this year’s Proof of Work Summit in Frankfurt, Germany, to contrast Litecoin’s privacy-enhancing features with the nearly inescapable transparency of the Bitcoin (BTC) network. Lee explained that the unspent transaction outputs (UTXOs), which underpin the Bitcoin ledger, carry a history of how the transactions…
Asset manager Canary Capital has filed registration documents for a spot Litecoin (LTC) exchange-traded fund (ETF) with United States regulators, according to Oct. 15 documents. The filing is the latest in a proliferation of proposed ETFs holding alternative cryptocurrencies ahead of the US presidential election in November. Canary’s proposed ETF aims to hold spot LTC…