As Bitcoin (BTC) gets adopted globally led by institutional investors, Web3 developers have channeled focus to build smart contracts on the oldest blockchain.
Many analysts have been bullish about Bitcoin over the next few months and Peter Brandt is one of them.
The primary goal of Saturn is to promote greater fungibility within Bitcoin by enabling users to exchange coins without relying on centralized intermediaries.
The upsurge in trading activity is ascribed to several factors, including FOMO, which was driven by Michael Saylor’s disclosure that MicroStrategy had expanded its BTC holdings
The recent spurt of institutional interest in Ethereum comes as the network proceeds to a major Dencun upgrade scheduled for mid-March.
Hong Kong’s crypto licensing regime began in June 2023 to set the tone for the way exchanges would offer retail trading services.
BTC whales have been on a buying spree with MicroStrategy adding 3,000 Bitcoins to its kitty on Monday. Bitcoin ETF trading volumes hit all-time high.
The change in market sentiment towards Ether is in stark contrast to previous months when institutions were more bullish on Bitcoin.
Saylor and MicroStrategy appear to have concluded that the benefits inherent in the BTC acquisitions far outweigh any potential risks.
While Bitcoin remains the focal point for many investors, other cryptocurrencies have also experienced notable inflows.
One of the main topics of discussion will be whether NFTs should be legally considered virtual assets in South Korea.
CoinGecko data reveals a substantial drop in BitForex’s trading volume from $2.5 billion to $1 billion between February 22 and 24 before stabilizing. However, scrutiny of normalized data suggests an overstatement of volumes by up to 100 times.
Since its mainnet launch in July last year, the Mantle Network has experienced substantial growth, currently ranking as the seventh largest Layer 2 chain with a TVL exceeding $217.5 million.
Locking FXS tokens grants users veFXS tokens, preserving their utility and governance rights. Users can stake veFXS tokens on Ethereum or Frax Finance’s layer 2 solution Fraxtal.
An analyst from Grayscale argued that the crypto market is anticipating Ethereum’s transaction throughput and cost reduction through the Dencun upgrade more, making it more competitive with other layer-1 blockchains.