Tag: Bitcoin

Bitcoin’s market dominance index has failed to sustain above 50% since April 2021 — so will this time be any different? Bitcoin’s percentage share in the crypto market has risen to nearly 50% in the aftermath of the last week’s altcoin market rout. On June 13, the Bitcoin Dominance Index (BTC.D), which tracks BTC’s weight against…

If BTC price consolidates in the $25,000 range, ETH, XRP, LDO and RNDR could be the first altcoins to break out with recovery rallies. Altcoin prices crumbled after the United States Securities and Exchange Commission announced lawsuits against Binance and Coinbase at the start of the week. Apart from the action against the two biggest…

University of Kent researchers compared three quantum systems to an ASIC miner, and the quantum machines were demonstrably more energy efficient. A pair of scientists from the University of Kent’s School of Computing in the United Kingdom recently conducted a study comparing energy consumption rates for current ASIC-based miners to proposed quantum-based solutions. According to the team’s…

Besides Ethereum, Bitcoin’s meme frenzy via Ordinals has steeply declined from its high in May. The average gas fee — transaction fee — on the Ethereum network has cooled substantially in the first week of June after reaching a multimonth high in May, owing to the memecoin frenzy and much maximal extractable value (MEV) bot…

Previously unrecognized Ordinals inscriptions will be indexed by the protocol following the upgrade, which will allow them to be traded. Developers behind the Bitcoin Ordinals protocol have rolled out a new upgrade that aims to cure over 71,000 invalid or “cursed” inscriptions — allowing them to be traded. “Cursed inscriptions” was the name given to…

The cryptocurrency market has been experiencing low volatility for the past two months, but does that mean investors should just sit and wait? Cryptocurrency markets are well-known for their volatility, where large price swings help investors create or lose fortunes. Yet there are often periods of relative stability where the tight price action bores some…