Cryptocurrency Market

  • Market Cap: $2,516,059,484,915.44
  • 24h Vol: $109,711,822,938.38
  • BTC Dominance: 51.67%

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stablecoin-market-sees-supply-increase-for-tether-as-competitors-decline-in-light-of-recent-regulatory-developments

Stablecoin Market Sees Supply Increase for Tether as Competitors Decline in Light of Recent Regulatory Developments

While the stablecoin market has seen significant redemptions in the past three months, the supply of tether, the largest stablecoin by market capitalization, has increased by 2.46 billion since mid-November 2022. Tether is the only one of the top five stablecoins by market valuation that has seen a supply increase in the past three months. […]

Stablecoin Market Sees Supply Increase for Tether as Competitors Decline in Light of Recent Regulatory Developments Read More »

bitcoin-network-experiences-slight-dip-in-difficulty-after-record-high

Bitcoin Network Experiences Slight Dip in Difficulty After Record High

Bitcoin’s difficulty decreased 0.49% on Feb. 12, 2023, following a sustained all-time high of 39.35 trillion over the previous two weeks (2,016 blocks). The decrease in difficulty offers a brief respite for bitcoin miners, after the network recorded a 14.94% increase in the last month. Bitcoin Difficulty Drops 0.49% Lower; Top Five Mining Pools Continue

Bitcoin Network Experiences Slight Dip in Difficulty After Record High Read More »

nft-sales-rise-1843%-this-week,-led-by-ethereum’s-$233.85-million-in-nft-settlements

NFT Sales Rise 18.43% This Week, Led by Ethereum’s $233.85 Million in NFT Settlements

Non-fungible token (NFT) sales rose 18.43% this week, totaling $272.68 million. However, the number of NFT buyers declined by 60.31% to approximately 195,716. Ethereum NFT sales continue to lead the market, accounting for $233.85 million of the total sales, a 25.42% increase from the previous week. Top NFT Collection of the Week: Otherdeed Leads with

NFT Sales Rise 18.43% This Week, Led by Ethereum’s $233.85 Million in NFT Settlements Read More »

stablecoin-market-in-flux:-more-than-$2-billion-in-usdc-redemptions-in-30-days

Stablecoin Market in Flux: More Than $2 Billion in USDC Redemptions in 30 Days

It appears that the circulation of the stablecoin usd coin has decreased while tether’s has grown, as the latest statistics paint a contrasting picture. Tether saw a 3% increase in coins in circulation over the last month, while the U.S. dollar-pegged crypto asset usd coin recorded a decrease of approximately 4.9% in the same time

Stablecoin Market in Flux: More Than $2 Billion in USDC Redemptions in 30 Days Read More »

next-bitcoin-mining-difficulty-change-estimated-to-decrease-as-block-times-have-lengthened

Next Bitcoin Mining Difficulty Change Estimated to Decrease as Block Times Have Lengthened

The last two mining difficulty changes on the Bitcoin network have driven difficulty to an all-time high, causing a decrease in hashrate and block interval speed. Before the latest difficulty retarget increase of 4.68%, block intervals were faster than the 10-minute average, at approximately 8 minutes 54 seconds to 9 minutes 31 seconds. However, since

Next Bitcoin Mining Difficulty Change Estimated to Decrease as Block Times Have Lengthened Read More »

metaverse-tokens-outperform-top-crypto-assets-in-2023-with-decentraland’s-mana-leading-the-pack

Metaverse Tokens Outperform Top Crypto Assets in 2023 With Decentraland’s MANA Leading the Pack

During the first month of 2023, the top two leading cryptocurrencies, bitcoin and ethereum, experienced double-digit gains against the U.S. dollar. Meanwhile, several alternative cryptocurrencies saw even greater increases in value, with metaverse tokens like Decentraland’s MANA and The Sandbox’s SAND rising 92-150% against the greenback. Metaverse Crypto Assets Outshine Bitcoin and Ethereum Metaverse crypto

Metaverse Tokens Outperform Top Crypto Assets in 2023 With Decentraland’s MANA Leading the Pack Read More »

ethereum-classic’s-hashrate-and-price-trend-lower-after-ethereum-pow-to-pos-transition

Ethereum Classic’s Hashrate and Price Trend Lower After Ethereum PoW to PoS Transition

Just before the Ethereum network transitioned from a proof-of-work (PoW) blockchain to proof-of-stake (PoS), Ethereum Classic’s hashrate saw a significant increase. Three days after The Merge, Ethereum Classic had 214.37 terahash per second (TH/s) of hashrate. However, since then, the network’s hashrate has decreased significantly as 44.33% of it has been lost over the last

Ethereum Classic’s Hashrate and Price Trend Lower After Ethereum PoW to PoS Transition Read More »

axie-infinity’s-monthly-player-count-drops-to-low-not-seen-since-november-2020

Axie Infinity’s Monthly Player Count Drops to Low Not Seen Since November 2020

After recording $4.26 billion in total non-fungible token (NFT) sales, the play-to-earn game Axie Infinity’s monthly player count has dropped to levels not seen since November 2020, a period of 26 months. Despite the low player count, the project’s native token, AXS, has climbed 62% higher against the U.S. dollar in the last 30 days.

Axie Infinity’s Monthly Player Count Drops to Low Not Seen Since November 2020 Read More »

ethereum’s-dominance-on-the-rise:-market-share-increases-by-3%-among-global-crypto-assets

Ethereum’s Dominance on the Rise: Market Share Increases by 3% Among Global Crypto Assets

Since Dec. 31, 2022, ethereum’s market dominance has increased by more than 3% among the thousands of crypto assets worldwide, valued at roughly $856 billion on Jan. 11, 2023. According to coinmarketcap.com, a popular coin market capitalization aggregation site, ethereum’s crypto market dominance jumped from 18.4% to its current 19% dominance rating. Ethereum’s Market Share

Ethereum’s Dominance on the Rise: Market Share Increases by 3% Among Global Crypto Assets Read More »