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3232Stablecoin Market Sees Supply Increase for Tether as Competitors Decline in Light of Recent Regulatory Developments
https://www.digit.info/stablecoin-market-sees-supply-increase-for-tether-as-competitors-decline-in-light-of-recent-regulatory-developments/
Tue, 14 Feb 2023 14:00:51 +0000https://www.digit.info/2023/02/14/stablecoin-market-sees-supply-increase-for-tether-as-competitors-decline-in-light-of-recent-regulatory-developments/Read more]]>While the stablecoin market has seen significant redemptions in the past three months, the supply of tether, the largest stablecoin by market capitalization, has increased by 2.46 billion since mid-November 2022. Tether is the only one of the top five stablecoins by market valuation that has seen a supply increase in the past three months. […]
]]>Bitcoin Network Experiences Slight Dip in Difficulty After Record High
https://www.digit.info/bitcoin-network-experiences-slight-dip-in-difficulty-after-record-high/
Sun, 12 Feb 2023 15:00:20 +0000https://www.digit.info/2023/02/12/bitcoin-network-experiences-slight-dip-in-difficulty-after-record-high/Read more]]>Bitcoin’s difficulty decreased 0.49% on Feb. 12, 2023, following a sustained all-time high of 39.35 trillion over the previous two weeks (2,016 blocks). The decrease in difficulty offers a brief respite for bitcoin miners, after the network recorded a 14.94% increase in the last month. Bitcoin Difficulty Drops 0.49% Lower; Top Five Mining Pools Continue […]
]]>NFT Sales Rise 18.43% This Week, Led by Ethereum’s $233.85 Million in NFT Settlements
https://www.digit.info/nft-sales-rise-18-43-this-week-led-by-ethereums-233-85-million-in-nft-settlements/
Sat, 11 Feb 2023 15:30:03 +0000https://www.digit.info/2023/02/11/nft-sales-rise-18-43-this-week-led-by-ethereums-233-85-million-in-nft-settlements/Read more]]>Non-fungible token (NFT) sales rose 18.43% this week, totaling $272.68 million. However, the number of NFT buyers declined by 60.31% to approximately 195,716. Ethereum NFT sales continue to lead the market, accounting for $233.85 million of the total sales, a 25.42% increase from the previous week. Top NFT Collection of the Week: Otherdeed Leads with […]
]]>Stablecoin Market in Flux: More Than $2 Billion in USDC Redemptions in 30 Days
https://www.digit.info/stablecoin-market-in-flux-more-than-2-billion-in-usdc-redemptions-in-30-days/
Fri, 10 Feb 2023 15:00:51 +0000https://www.digit.info/2023/02/10/stablecoin-market-in-flux-more-than-2-billion-in-usdc-redemptions-in-30-days/Read more]]>It appears that the circulation of the stablecoin usd coin has decreased while tether’s has grown, as the latest statistics paint a contrasting picture. Tether saw a 3% increase in coins in circulation over the last month, while the U.S. dollar-pegged crypto asset usd coin recorded a decrease of approximately 4.9% in the same time […]
]]>Next Bitcoin Mining Difficulty Change Estimated to Decrease as Block Times Have Lengthened
https://www.digit.info/next-bitcoin-mining-difficulty-change-estimated-to-decrease-as-block-times-have-lengthened/
Sat, 04 Feb 2023 21:00:22 +0000https://www.digit.info/2023/02/04/next-bitcoin-mining-difficulty-change-estimated-to-decrease-as-block-times-have-lengthened/Read more]]>The last two mining difficulty changes on the Bitcoin network have driven difficulty to an all-time high, causing a decrease in hashrate and block interval speed. Before the latest difficulty retarget increase of 4.68%, block intervals were faster than the 10-minute average, at approximately 8 minutes 54 seconds to 9 minutes 31 seconds. However, since […]
]]>Metaverse Tokens Outperform Top Crypto Assets in 2023 With Decentraland’s MANA Leading the Pack
https://www.digit.info/metaverse-tokens-outperform-top-crypto-assets-in-2023-with-decentralands-mana-leading-the-pack/
Wed, 01 Feb 2023 07:35:00 +0000https://www.digit.info/2023/02/01/metaverse-tokens-outperform-top-crypto-assets-in-2023-with-decentralands-mana-leading-the-pack/Read more]]>During the first month of 2023, the top two leading cryptocurrencies, bitcoin and ethereum, experienced double-digit gains against the U.S. dollar. Meanwhile, several alternative cryptocurrencies saw even greater increases in value, with metaverse tokens like Decentraland’s MANA and The Sandbox’s SAND rising 92-150% against the greenback. Metaverse Crypto Assets Outshine Bitcoin and Ethereum Metaverse crypto […]
]]>Ethereum Classic’s Hashrate and Price Trend Lower After Ethereum PoW to PoS Transition
https://www.digit.info/ethereum-classics-hashrate-and-price-trend-lower-after-ethereum-pow-to-pos-transition/
Mon, 30 Jan 2023 14:30:03 +0000https://www.digit.info/2023/01/30/ethereum-classics-hashrate-and-price-trend-lower-after-ethereum-pow-to-pos-transition/Read more]]>Just before the Ethereum network transitioned from a proof-of-work (PoW) blockchain to proof-of-stake (PoS), Ethereum Classic’s hashrate saw a significant increase. Three days after The Merge, Ethereum Classic had 214.37 terahash per second (TH/s) of hashrate. However, since then, the network’s hashrate has decreased significantly as 44.33% of it has been lost over the last […]
]]>Axie Infinity’s Monthly Player Count Drops to Low Not Seen Since November 2020
https://www.digit.info/axie-infinitys-monthly-player-count-drops-to-low-not-seen-since-november-2020/
Mon, 23 Jan 2023 02:04:50 +0000https://www.digit.info/2023/01/23/axie-infinitys-monthly-player-count-drops-to-low-not-seen-since-november-2020/Read more]]>After recording $4.26 billion in total non-fungible token (NFT) sales, the play-to-earn game Axie Infinity’s monthly player count has dropped to levels not seen since November 2020, a period of 26 months. Despite the low player count, the project’s native token, AXS, has climbed 62% higher against the U.S. dollar in the last 30 days. […]
]]>NFT Sales Drop 59% in Second Week of 2023; Ethereum Dominates Top 20 Blockchains with 75% of Sales
https://www.digit.info/nft-sales-drop-59-in-second-week-of-2023-ethereum-dominates-top-20-blockchains-with-75-of-sales/
Sun, 15 Jan 2023 18:30:39 +0000https://www.digit.info/2023/01/15/nft-sales-drop-59-in-second-week-of-2023-ethereum-dominates-top-20-blockchains-with-75-of-sales/Read more]]>Non-fungible token (NFT) sales have dropped significantly in contrast to the seven days prior, as NFT sales are down 59.35% this week. During the past seven days, $208.68 million in NFT sales were recorded, with $157.20 stemming from the Ethereum blockchain. The top-selling NFT collection this past week was the Bored Ape Yacht Club (BAYC), […]
]]>Ethereum’s Dominance on the Rise: Market Share Increases by 3% Among Global Crypto Assets
https://www.digit.info/ethereums-dominance-on-the-rise-market-share-increases-by-3-among-global-crypto-assets/
Wed, 11 Jan 2023 19:00:25 +0000https://www.digit.info/2023/01/11/ethereums-dominance-on-the-rise-market-share-increases-by-3-among-global-crypto-assets/Read more]]>Since Dec. 31, 2022, ethereum’s market dominance has increased by more than 3% among the thousands of crypto assets worldwide, valued at roughly $856 billion on Jan. 11, 2023. According to coinmarketcap.com, a popular coin market capitalization aggregation site, ethereum’s crypto market dominance jumped from 18.4% to its current 19% dominance rating. Ethereum’s Market Share […]