Próspera ZEDE, the Honduras special economic zone, has officially recognized Bitcoin (BTC) as a unit of account. This move effectively acknowledges the legitimacy of the cryptocurrency in diverse commercial, tax, and financial transactions. The announcement, disclosed on January 5 by Jorge Colindres, the acting manager and Tax Commissioner of the zone, outlined the conditions under which legal entities can adopt ...
XRP has undergone a sharp short-term price correction after trading within a consolidated zone for several months despite gaining partial legal clarity that deemed it not a security. As the new week begins, XRP and the broader cryptocurrency market face critical moments, with all eyes on the anticipated spot Bitcoin (BTC) exchange-traded fund (ETF) approval. This event is closely monitored ...
Network scalability and transaction capacity are common topics of fundamental analysis on cryptocurrencies. In this context, sharding started becoming a popular solution, implemented by promising blockchains. Essentially, sharding transforms and optimizes blockchain scalability and performance. This technique partitions a blockchain into smaller, more manageable pieces, or “shards.” Each shard holds a segment of data, lightening the load for individual nodes. ...
Dozens of investment firms have filed within the Security and Exchanges Commission (SEC) to launch a Bitcoin spot ETF. If approved, this would be the first United States ETF to offer exposure to Bitcoin (BTC) in the spot market. VanEck is one of these investment firms, with $76.4 billion in assets under management (AUM) as of September 2023. Interestingly, the ...
Ethereum (ETH) surged 90% in 2023, from January 1 to December 31, closing the year at $2,281 per token. At the time of publication, ETH is changing hands by $2,233 while whale investors increase their positions. In particular, SpotOnChain spotted a huge purchase of $48 million in 30 minutes by ‘Whale 0x931’ on January 5, 2024. The mysterious whale used ...
Bitcoin (BTC) and Ethereum (ETH) transaction fees surged in 2023 and continue at higher levels. Facing expensive transaction costs, people started seeking more efficient cryptocurrencies to use as payment, like Litecoin (LTC). In this context, monthly payment data by one of the largest cryptocurrency payment services, BitPay, evidences this phenomenon. Notably, the platform’s users favored Litecoin by 38.25% in December, ...
The assessment of Dogecoin’s (DOGE) value remains a key focus, with investors monitoring whether the meme coin can reach the highs seen in 2021. Notably, as the market anticipates a potential bull run, particularly with the possible approval of a spot Bitcoin exchange-traded fund (ETF) in the US, it is intriguing whether Dogecoin can capitalize on this momentum to achieve ...
The past year has generally been favorable for Bitcoin (BTC) as it recouped most of the losses incurred during the 2022 bear market. Bitcoin is currently focused on reclaiming and sustaining gains above the $45,000 resistance level. This surge is supported by several bullish sentiments, with anticipation around the potential approval of the spot exchange-traded fund (ETF) ranking high. Notably, ...
Usually, the most precious gems are the hardest ones to find. This logic can also be true for cryptocurrency investing, with valuable cryptocurrencies sometimes going unnoticed by the majority. In this reasoning, Finbold looked to the cryptocurrency market low-cap projects with sub-$1 billion in capitalization. Notably, we found three cryptocurrencies with solid fundamentals and relatively low perceived value. In the ...
Bitcoin (BTC) miners constantly generate hashrate in a highly competitive business to mine the next valid block. The mining difficulty might increase on January 6, propelling the already high costs of mining Bitcoin. Essentially, the mining difficulty adjusts automatically every 2,016 blocks — around two weeks. This keeps a 10-minute block interval, despite the network’s global hashrate changes. The more ...
