Although Bitcoin’s price has dropped recently and there have been rumors that the euphoria around Bitcoin NFTs has faded down, ordinary inscriptions remain in control of network activity as per recent statistics. Ordinals developer “Leonidas” said on August 21 that out of Bitcoin’s 530,788 transactions in the previous day, 450,785
XRP, the fifth largest cryptocurrency by market capitalization, has surged by over 3.5% in the past 24 hours. This rally comes on the heels of a recent decline that saw XRP’s value plummet to a low of $0.47, marking a new low from its recent stable range of around $0.60.
Recent data from blockchain analytics firm IntoTheBlock reveals that two altcoins, Litecoin (LTC) and Dogecoin (DOGE), have seen notable increases in on-chain activity, even as major cryptos like Bitcoin stagnate. Specifically, Litecoin boasted 231,270 daily active addresses, while Dogecoin saw 46,080, according to IntoTheBlock’s metrics. The firm highlighted these unexpected
According to DappRadar, trading volume for the Bitcoin Ordinals NFT has plummeted by about 98% since May, indicating a severe decline in user engagement. DappRadar reported on August 17 that the overall sales volume of Bitcoin Ordinals has dropped from $452 million in May to under $3 million as of
Today, Shiba Inu’s primary developer Shytoshi Kusama released a second update on the condition and scalability of the Shibarium network. After extensive internal testing, Shytoshi Kusama offers his thoughts on getting the Layer-2 chain ready for high volumes of traffic, scalability, and decentralization. After the network saw huge traffic after
Algorand (ALGO) hit a new all-time low of $0.09 yesterday, reflecting a general negative trend in the market according to statistics from CMC. Since breaking below the previous set level in June, the ALGO price has been trying to find a new support level. The token’s value, however, hit a
A US judge has approved the SEC’s request to work with the South Korean government in its investigation of the alleged illegal scheme involving Daniel Shin, co-founder of Terraform Labs, and Chai Corp, a payments firm. As part of its investigation against Terraform Labs and its ex-CEO, Do Kwon, the
The act of Tesla CEO Elon Musk’s SpaceX selling its giant Bitcoin (BTC) lump — worth $373M — turned about to be a striking Bitcoin FUD of the day. Amid this, distressing traders and investors, Bitcoin (BTC) dropped to its 2-month low, reaching below the $26,500 level. Notably, according to
Ethereum, the second-largest cryptocurrency, is imprisoned in the prevalent battle between bullish and bearish forces. This largest altcoin breached the $1,800 level, marking its new low since late June. While the question arises of who will win — bears or bulls— a sense of bullish hope emerges in the market
Online payment giant PayPal is making changes to its platform in the UK so that it is in line with local financial legislation. In order to comply with new rules, PayPal notified on August 16 that it is temporarily halting the capacity for its U.K. clients to acquire cryptocurrencies. A
