Cryptocurrency Archives - Page 75 of 79

7Apr

By Cryptolifedigital3 Comments

Cryptocurrency

Best cryptocurrency to invest in 2022

1. Bitcoin (BTC) Market cap: $880 billion Created in 2009 by someone under the pseudonym Satoshi Nakamoto, Bitcoin (BTC) is the original cryptocurrency. As with most cryptocurrencies, BTC runs on a blockchain, or a ledger logging transactions distributed across a network of thousands of computers. Because additions to the distributed ledgers must be verified by solving a cryptographic puzzle, a process called proof of work, Bitcoin is kept secure and safe from fraudsters. Bitcoin’s price has skyrocketed as it’s become a household name. In May 2016, you could buy a Bitcoin for about $500. As of April 1, 2022, a single Bitcoin’s price was over $46,300. That’s a growth of more than 9,000%. Related: With Global Ambitions, VC Firm Maniv Mobility Raises $100...

Billionaire Mark Cuban stated why the forthcoming Bullish on Ethereum.

6Apr

By CryptolifedigitalNo Comments

Cryptocurrency

Billionaire Mark Cuban stated why the forthcoming Bullish on Ethereum.

Billionaire and crypto fan Mark Cuban has announced that he feels "very bullish" on the upcoming crucial Ethereum upgrade referred to as "Merge," according to a recent article by Fortune. Cuban believes the upgrade will be very important for ETH and he suggested two reasons for it, The "Merge" is expected this summer (although this has not been confirmed yet), and it will make the second biggest blockchain more green, as well as introduce changes to its infrastructure. https://twitter.com/FortuneMagazine/status/1511605345856233472 Two reasons why Cuban believes "Merge" to be important The billionaire and owner of the Dallas Mavericks team believe that the upcoming Ethereum upgrade is important for two reasons. The first is that...

Reasons why the Dogecoin plunges by 10% in just one hour

6Apr

By CryptolifedigitalNo Comments

Cryptocurrency

Reasons why the Dogecoin plunges by 10% in just one hour

Following Elon Musk's purchase of 9.5% of Twitter stocks and rumors about Dogecoin implementation on the platform, the price of the first meme coin on the market spiked by 21% in a matter of hours, but it has already lost a large portion of its value. "Buy the rumor, sell the news" The first potential reason behind such a swift retrace of the meme coin could be tied to the general belief of traders that says that you should buy the asset when rumors about it appear in the space and sell it after bullish news hit the public space Read Also: Elon Musk is called to join the Twitter board, what could this do to Doge? The first rumors about Musk's large purchase appeared on April 4 and, as we can see on the Doge chart, a large green hourly ca...

Cardano (ADA) Transaction Volume Retraces Towards All-Time High with $65 Billion.

5Apr

By CryptolifedigitalNo Comments

Cryptocurrency

Cardano (ADA) Transaction Volume Retraces Towards All-Time High with $65 Billion.

According to the fundamental growth of the Cardano Network, the transaction volume has recently peaked at $86 billion and then quickly retracted down. but from the Messari data on-chain provider, the Network seems to be gaining momentum back. Read Also: Breaking News: Just Yesterday, The World's Leading Cryptocurrency Bitcoin Fall Dropped To An Intraday Low Of $39,621 On The Bitstamp Exchange At 8:01 P.M. UTC. This last month, March has been a great month for Cardano as more than $300 million flowed into the Ecosystem as a result of the more project and solutions that appear. With the rise of the TVL, the network saw a never-seen volume increase totaling $86 billion. ADA Such a strong spike in volume also correlated with the price of the underlying coin, ADA which rallied by o...

Elon Musk is called to join the Twitter board, what could this do to Doge?

5Apr

By Cryptolifedigital1 Comment

Cryptocurrency

Elon Musk is called to join the Twitter board, what could this do to Doge?

Just today, It has just been reported that Elon Musk has been called to join the Twitter board of directors and this happened after he declared his ownership of 9.2% of the company’s stake Monday, which makes him the biggest single investor in Twitter with a share of 75.3 million. According to the investment term, 14.9% is what he is allowed to own overall, while he can be an individual investor, member of an investment group, or the director of Twitter. Now, Twitter CEO Parag Agrawal who took over from Jack Dorsey has spread the word that Musk will be joining the company’s board. He will serve as a Class II director and his term will expire in two years during the meeting of Twitter shareholders in 2024. https://twitter.com/BloombergTV/status/15113238064843816...

Shiba Inu Achieves New Milestone as Whales increase Activities By 75%

5Apr

By CryptolifedigitalNo Comments

Cryptocurrency

Shiba Inu Achieves New Milestone as Whales increase Activities By 75%

In the course of jubilation, a tweet was don on the SHIB Twitter account of a new milestone for the meme cryptocurrency community as Shibtoken’s official Instagram marks more than 150000 followers. The team behind the meme cryptocurrency then went on to appraise the SHIB community for its handful of support. https://twitter.com/Shibtoken/status/1511098351982309381 Per intoTheBlock data, Shiba Inu whales have been on their move in the previous 24 hours, with a 75% increase in large transactions, huge transaction spikes are usually associated with increased activity from institutional players or whales, who are either buying or selling. Read Also: The Crypto Market Has Been Under Selling Pressure Since, Fighting To Break Out To Sustain Its Bullish Period. According to IntoThe...

Australian convenience store, OTR to allow crypto as a means of Exchange.

4Apr

By CryptolifedigitalNo Comments

Cryptocurrency

Australian convenience store, OTR to allow crypto as a means of Exchange.

On The Run(OTR) – an Australian convenience store with an international location will reportedly allow the clients to use crypto as a means of exchange, this was made possible by partnering with the digital asset exchange Cryptocom. According to the reporter, OTR will enable customers to pay for all kinds of goods and services sold by this store as they also have 170 locations in South Australia. Not long ago, the convenience store stretched its operations to Victoria. However, it remains unknown whether those will also allow payments in crypto. Read Also: The Cryptocurrency Market Has Been Through A Lot Of Market Stress. Once the move is finalized in July, OTR will become the largest bricks-and-mortar retailer in Australia to accept digital currencies as a payment method. In...

Baby Dogecoin had just burnt 3.2 quadrillions tokens worth $10 million which makes it 17 quadrillions burned in 2022.

4Apr

By Cryptolifedigital1 Comment

Cryptocurrency

Baby Dogecoin had just burnt 3.2 quadrillions tokens worth $10 million which makes it 17 quadrillions burned in 2022.

Baby Dogecoin (BabyDoge), the doge-Themed meme token built on the BNB Chain has made known another whopping burn, which has reduced the circulating supply of the token. Baby Dogecoin known as BabyDoge has been burning tokens in quadrillions every month since the start of this year. Even last month BAbyDoge burned a total of four quadrillion tokens. The last BabyDoge burn exercise removed 3.2 quadrillions of the meme token completely from its present ongoing supply. The recent development was shared through the official Twitter handle of Baby Dogecoin a couple of hours ago. Which was equal to a total of $10880000 at the time of the transaction as gotten from the BSC Scan. https://twitter.com/BabyDogeCoin/status/1510768668782866437 In the last three months, a total of 13.8 ...

Ethereum Miners made a total of $1.29 billion in March.

4Apr

By CryptolifedigitalNo Comments

Cryptocurrency

Ethereum Miners made a total of $1.29 billion in March.

After a long time, the down-trending Ethereum block experiences an uptrend in revenues. New data shows that the Ethereum miners made a total of $1.29 billion in revenue in March. Though this is still nothing to compare to the one made in November last year. According to the block data, the Total monthly revenue made by Ethereum miners increased by roughly 7.2% from February to March 2022. Maybe, more importantly, this meant that they have managed to break a descending trend in November 2021. At that junction, the second largest blockchain operator made over $2billion in revenue, but the numbers started to come down in the following months. Nearly all of the 1.29 billion came from the block subsidy while less than $100 million were from the transaction fees which is a direct co...

Bitcoin calms at around $4600 while most altcoin experience surge in price.

4Apr

By Cryptolifedigital1 Comment

Cryptocurrency

Bitcoin calms at around $4600 while most altcoin experience surge in price.

Bitcoin has once again claimed over the $46000 mark while some other altcoins have reduced their dominance over the market's impressive profits. Terra is among those as LUNA move almost by 10% in a day and charted a new all-time price at close to $120. Altcoins experience price surge Just yesterday, the surge in price occur to most of the altcoins, for example, the Ethereum dipped to $3300 before yesterday, and yesterday it shot to its all-time price of $3500, presently the coin calmed around $3500. Also, Terra recorded its all-time price surge yesterday and according to CoinGecko, the latest peak comes at just shy of $120. Cryptocurrency Market Overview. Source: Quantify Crypto NEAR Protocol and Cosmos have also painted substantial price increases on a daily scale. As such, N...