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On Friday, the publicly listed firm Hut 8 announced the purchase of $30 million worth of Nvidia’s dedicated crypto mining GPUs called the Cryptocurrency Mining Processor (CMP). Nvidia CMPs mine the crypto asset ethereum and Hut 8 expects its aggregate operational power will be 1,600 gigahash. Hut 8 Purchases $30 Million Worth of Nvidia’s Dedicated … Read more
The price of bitcoin dropped around 8% during the last seven days, but prices started to improve during Friday’s mid-afternoon trading sessions. Today, bitcoin is swapping for prices between $54,400 to $54,800 per unit and commands a $1.02 trillion market valuation. The overall market capitalization of all 8,500+ coins in existence is around $1.59 trillion … Read more
Bitcoin price bounced off the 50-day moving average but the real test is near $57,500 where the bears are likely to push back. Go to Source Powered by WPeMatico
It is one of the first steps towards Phase 1.5 that will ‘dock’ Eth1 with Eth2. Go to Source Powered by WPeMatico
Roughly 28 months ago, the decentralized exchange (dex) Uniswap version one (v1) was released and then in May 2020, version two was launched with new features. The dex is by far the largest decentralized trading platform among its competitors, as the exchange swapped $7.1 billion during the last seven days. On March 23, Uniswap launched … Read more
Bitcoin price is still meeting strong sell pressure near a key trendline, indicating the possibility of further downside for BTC and altcoins in the coming days. Go to Source Powered by WPeMatico
Ethereum price is trading near a critical support level but derivatives data suggests pro traders expect more downside in the short term. Go to Source Powered by WPeMatico
Hermez users will be able to transact with ETH, USDT, WBTC on a scalable layer-two network. Go to Source Powered by WPeMatico
Consistently full blocks are the primary reason that gas prices have reached all-time highs. Go to Source Powered by WPeMatico
Analysts frequently correlate a high perpetual futures funding rate with market crashes, but is this the best way to analyze the metric? Go to Source Powered by WPeMatico