BTC

The Bitcoin protocol has been chugging along for about 12 years. It has undergone quite a few upgrades to its code over that period that have introduced functionality and compatibility enhancements. Other minor bugs have also been constantly monitored and fixed by Bitcoin Core developers over the years. Since the code is open-source, any community member can propose changes that are implemented via network consensus. The voting mechanism helps ensure that the network participants are fully involved in approving upgrades…

Bitcoin has lost about half of its all-time high value, reached earlier this year, of around $65,000. On the other hand, the bitcoin price is up over 7%, and it broke the USD 32,000 resistance. At the time of writing, BTC was trading at $32,187.71, and the price might accelerate higher. However, the following key resistance is near USD 33,000, above which the price might continue to rise. Bitcoin has failed to exhibit any significant price movements in either direction…

Many folks see bitcoin as a robust defensive asset akin to gold, which can protect them from the many shortcomings of the legacy financial system. The world's first cryptocurrency has held up better than most traditional investment instruments during the ongoing Covid-19 induced economic meltdown.  The world is slowly shifting from traditional financing to a P2P payments model and decentralized finance. In this article, we look at how its anonymous creator engineered bitcoin to be a haven from the many…

The On-chain data chart shows a bizarre trend whereby entities' net growth is still rising despite the Bitcoin price dropping from its all-time high of $65k.  The current data is even higher than the 2017 net growth before the price of Bitcoin came crashing down after a high of 25k. As expected, the net growth went down, but this is not the case for Bitcoin at the moment. What is Causing the Weird Movement? Net growth of entities is defined…

Tesla billionaire Elon Musk today criticized the scaling efforts of the two most popular cryptocurrencies, Bitcoin and Ethereum. Citing BTC and ETH's Limits He warned over their limitations, branding them as slow with high costs while claiming that the plans to upgrade dogecoin are superior. Musk said that the meme coin's upgrade plans to maximize the base layer transaction rates and minimize transaction costs have merit. However, the billionaire added that Crypto exchanges would act as a "de facto secondary…

IOHK CEO Charles Hoskinson declared on Twitter that there would be hundreds of assets, thousands of dApps, and several exciting projects in addition to the proof-of-stake blockchain. Hoskinson commented to Twitter to shut down critics who recently pounced on his poorly aged tweet last year. Ethereum holders and other Cardano skeptics claim none of this transpired, with only two weeks remaining to deliver on the goals. Hoskinson notes there are already "thousands" of assets on Cardano in response to the…

The crypto market had a rocky time this week that saw most top crypto assets shed significant gains. For instance, BTC briefly plunged to a low of $28,600 on Tuesday, erasing almost all the gains it has accumulated this year. However, at its current price of $31,200, bitcoin is still up approximately 14% from this year's low of $27,730. Ethereum is facing strong resistance near $1,850 and has struggled all week to clear that level. On Friday, the world's second-largest…

Cryptocurrencies are an attractive asset class but remain a puzzle to many. First, it was the complex technology behind the virtual coins, then the decentralized nature of the currency that scared even governments away from the digital assets. Finally, however, people with wits took on this innovation and saw it as an excellent opportunity for wealth accumulation.  However, one more thing came to light, crypto volatility. Cryptocurrencies are notoriously volatile, but this was not the end of the road for…

A new animal-based crypto project is raising excitement within the meme coin market. Orange Cat Token ($OCAT), the cat-themed coin, is currently one of the most popular and fastest-growing animal coins on offer.  In a tweet highlighting this feat, it has teased a Cat Vs. Dog war. The Dog refers to the Elon Musk-backed meme coin Dogecoin (DOGE). OCAT is looking to depose DOGE as the most preferred animal coin. $OCAT's 3000% Pump The project has a unique offering and…