Bitcoin Transactions by BTC Miners to Exchanges Hit One Year High

Summary: The number of Bitcoin transactions by BTC miners to all crypto exchanges has hit a yearly high Selling could be linked to profit-taking ahead of the Chinese new year that begins next month Bitcoin analyst, MagicPoopCannon, forecasts a dip to $22k before any further growth by BTC The month of January 2021, has seen record levels of Bitcoin transactions by BTC miners to all crypto exchanges. This is according to the team at Unfolded who made the observation via the following statement and two charts courtesy of CryptoQuant.com. Miner…

Read More

Uniswap (UNI) Added to the Bitwise 10 Large Cap Crypto Index

Quick take: Uniswap (UNI) has just been added to the Bitwise 10 Large Cap Crypto Index The protocol now owns the @Uniswap and @UniswapProtocol handles on Twitter Uniswap has been live for over 818 days with zero downtime and $75 Billion in trading volume UNI has just set a new all-time high of $16.40 The digital asset of Uniswap (UNI) has been added to the Bitwise 10 Large Cap Crypto Index. The team at Bitwise made the crypto-verse aware of the rebalancing of the index via the following tweet. As…

Read More

Bitcoin Cash Transactions Intensify, Daily Count Nears BTC, Big Blocks Help Clear Throughput

Just recently, the Bitcoin Cash community has been discussing the large number of transactions the network has been seeing on a daily basis during the last month. Statistics show that bitcoin cash daily transactions have been increasing every day since the last week of 2020. Bitcoin Cash miners have processed upwards of 300,000+ daily transactions on various days during the past week. The crypto economy and myriad of blockchain networks have been getting a lot more attention during the last few months. Not only has a number of digital assets…

Read More

How is Bitcoin valued in our society?

Bitcoin is ruling as an efficient alternative to fiat currencies. This is a currency that can be transferred digitally across the world without complications of exchanging, is free from the boundaries of a centralized network, and functions on a very transparent technology. The question arises, what can be the value of this digital currency once it becomes widely adopted?  How is the value of currencies calculated?  Currencies are only relevant if they are a store of value. People should be able to rely on them to maintain their relative value…

Read More

Uniswap (UNI) and Compound (COMP) hit new highs as DeFi TVL reaches $27.6B

The governance tokens for Uniswap and Compound reached new 2021 highs as altcoins and DeFi tokens pushed higher today. On Jan. 30 Uniswap (UNI) and Compound (COMP) both rallied to new all-time highs as the entire DeFi sector continued to heat up. UNI soared to a new all-time high at $19.93 and COMP price did the same as it briefly traded at $340.  COMP/USDT 4-hour chart. Source: TradingView In the past 30 days the entire decentralized finance sector has been in a strong uptrend and data from DeFi Pulse shows…

Read More