What’s the Deal with Difficulty? Bitcoin mining difficulty is a fancy way of saying how hard it is for miners to find new blocks on the Bitcoin network. It’s like a thermostat for the Bitcoin network, keeping things running smoothly. Every two weeks, the network automatically adjusts the difficulty. The goal is to make sure…
A new cryptocurrency for a Web3 infrastructure project has been on a roll this week, surging by a whopping 38% despite the wider crypto market taking a dip. AVAIL, the fuel for the Avail ecosystem, is now trading at $0.151, up from $0.109 just a week ago. This impressive jump puts it in the top…
Synapse, a platform that lets you move crypto between different blockchains, is having a great day. The price of its token, SYN, jumped 32% after Binance, the biggest crypto exchange, announced it would add futures contracts for Synapse. What is Synapse? Synapse is a relatively new project, launched in August 2021. It’s designed to be…
Ethereum (ETH) might be on the verge of a correction, according to a popular crypto trader. Ali Martinez, a well-known analyst with over 69,000 followers on X (formerly Twitter), believes that ETH is forming a “rising wedge” pattern. This pattern is often seen as a bearish signal, suggesting that ETH could drop in price after…
Crypto analysts at Glassnode are predicting a big jump for Bitcoin, with a price tag of $100,000 by 2025. However, they’re also warning investors to be cautious. Bitcoin’s Risk is Rising While the price of Bitcoin is expected to soar, the analysts say that its risk index is also on the rise. This means that…
Bitcoin is currently stuck in a sideways trading pattern, but some analysts believe this could be a sign of a major price surge. Bitcoin Whales Are Accumulating Bitcoin is currently trading below its recent highs, but some analysts are optimistic about the future. They point to the fact that Bitcoin whales, or large investors, are…
The “Crypto For Harris” campaign held a virtual town hall, hoping to mend fences with the crypto industry and showcase Vice President Kamala Harris’s commitment to a “crypto reset.” However, the event, featuring Democratic heavyweights and tech influencers, fell short of its goal. No Harris, No Love Despite the presence of prominent figures like Senate…
The Shiba Inu (SHIB) burn rate has been on a wild ride lately, and it’s not looking good for the meme coin. The number of tokens burned in the past 24 hours has plummeted, and things haven’t been much better for the past few days. No More Burning? The burn rate has been all over…
Crypto experts are buzzing about Solana (SOL), predicting it could follow in Ethereum’s footsteps and reach a whopping $1,000. Solana’s Path to $1,000 One expert, known as “Kaleo” on X (formerly Twitter), sees a strong resemblance between Solana’s current price chart and Ethereum’s in late 2020. Back then, Ethereum surged to new highs, and Kaleo…
The IMF is proposing a huge tax increase on cryptocurrency mining, aiming to curb its growing energy consumption. They’re suggesting a 85% hike in electricity costs for miners, which they say could generate over $5 billion in tax revenue annually. The Big Picture: A Lot of Energy, A Lot of Emissions The IMF claims that…
