Market Analysis

zkSync Is About to Launch Its Mainnet 2.0. Here’s What to Expect

Key Takeaways zkSync 2.0 is set to launch this Friday. The upgrade will bring added smart contract functionality, allowing developers to deploy their own DeFi apps, NFTs, and games on the Layer 2 network. zkSync also has plans to launch a token, with some speculating that it will follow Optimism’s lead in rewarding early users. […]

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Market Analysis

Dogecoin price jumps 40% on Elon Musk, Twitter’s crypto wallet rumors

Dogecoin’s (DOGE) price rallied to its best levels in two months as traders assessed Twitter’s potential to create a cryptocurrency wallet product. Elon Musk fuels Dogecoin rally again DOGE’s price jumped to $0.081 on Oct. 27. The price gained roughly 40% two days after Jane Manchun Wong, a popular tech blogger, claimed that Twitter is […]

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Market Analysis

A record 55,000 Bitcoin, or over $1.1 billion, was just withdrawn from Binance

Bitcoin (BTC) has seen record buying activity as BTC/USD returns to six-week highs. The latest data from on-chain analytics firm CryptoQuant shows more BTC leaving major exchange Binance in a single day than ever before. Binance finishes the day 55,000 BTC lighter Despite warnings that a macro bottom may not yet have occurred, Bitcoin investors […]

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Market Analysis

Ethereum Can Be Used for Cancer Research. Here’s How It Works

Key Takeaways A medical team made the case in a paper this year that blockchains were useful for cancer researchers to share information with each other for their AI systems. According to the team, blockchains allow AI model parameters to be shared simultaneously across all collaborators without the help of a centralized coordinator. The team […]

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Market Analysis

Bitcoin price reaches $21K as crypto market cap nears $1T

Bitcoin (BTC) returned to $21,000 for the first time since September after the Oct. 26 Wall Street open as buyers solidified gains. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC bulls “eat” ask liquidity Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it hit local highs of $21,012 on Bitstamp. At the time […]

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Market Analysis

Why is the crypto market up today?

Bitcoin (BTC) volatility is finally giving BTC bulls what they want — but why now? After drifting lower for months and spending recent weeks in a tiny trading range, BTC/USD has delivered 24-hour gains in excess of 7%. Hitting its highest levels since mid-September, the largest cryptocurrency is rewarding those who refused to sell and […]

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Market Analysis

The Crypto Market Is Surging. Here Are the Rally’s Top Performers

Key Takeaways The crypto market is breaking out for the first time in weeks, sending the global value of the digital assets space back above $1 trillion. Bitcoin has reclaimed the crucial $20,000 level, helping other assets soar. Solana, Cardano, and Ethereum-related tokens are also outperforming. The latest rally has sent the total crypto market […]

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Market Analysis

Apple’s New NFT Policy Sparks Controversy

Key Takeaways Apple has updated its App Store policy to allow certain apps featuring non-fungible tokens (NFTs). The policy only permits NFTs without in-app functionality and disallows redirection to external services. The updated policy has received mixed reactions from the tech and cryptocurrency community. Recent changes to Apple’s NFT policy have sown division within the […]

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Market Analysis

Bitcoin price crosses $20K as daily crypto short liquidations pass $400M

Bitcoin (BTC) spiked above $20,000 on Oct. 25 as risk assets benefited from new U.S. dollar weakness. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin taps three-week highs Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting highs of $20,191 on Bitstamp. The move came in tandem with rising United States equities, these in […]

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Market Analysis

Public Bitcoin miners’ hash rate is booming — But is it actually bearish for BTC price?

The share of the Bitcoin (BTC) network controlled by publicly held mining companies could grow to 40% by mid-2023, according to a new report by Hashrate Index. But this could bring more stress to an already bearish BTC market. Public Bitcoin miners’ hash rate jumps 295% in a year The outlook appeared after assessing the hash rate […]

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