Drawing from the latest figures, the stablecoin economy saw a notable $ 1.52 billion in redemptions unfold from September 1 through September 30, 2023. Within the top ten standings, two stablecoins notably bore the brunt of these redemptions: FRAX and BUSD. The two assets saw their supplies erode by 16.9% and 26.4% respectively, over …
Bitcoin’s mining difficulty hit a record high after increasing 5.48% to 57.12 trillion. This rise signifies the need for a significant amount of computational power to discover blocks. Meanwhile, the network’s hashrate also reached a record high this past week. Bitcoin Difficulty Jumps to 57 Trillion, Hashrate Spikes to Fresh New Highs On September 19, […]
After weeks of consolidation, bitcoin has started the second half of September in relatively bullish fashion. Prices have once again surged above the $ 27,000 level, which comes as traders attention turns to the upcoming Federal Reserve meeting. Prior to this, we explore how the price of bitcoin may move for the remainder of …
After capturing $ 66.5 billion in May, decentralized exchange (dex) trade volumes have fallen for four consecutive months, with August statistics reaching a 2023 low of $ 41.7 billion. Metrics for the first half of September do not show improvement, with decentralized exchange trade volumes at about $ 16.96 billion as of …
Over the last fortnight, the quantity of unconfirmed bitcoin (BTC) transactions has consistently exceeded the 500,000 mark, nearly touching 700,000 on September 6, 2023. Metrics indicate that Bitcoin’s mempool, a shortened term for “memory pool,” has not completely cleared in more than four months, dating back to April 22, 2023. Bitcoin’s Backlog Swells: Unconfirmed Transactions […]