Here's my reasoning, please share your thoughtful responses and perspectives. I'm trying to find a reason why not to hedge against the dollar. So I've been wondering if in the event of economic downturn if crypto will boom since it's not tied to the US dollar and countries around the world are supporting crypto? What…
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On Thursday, Uniswap Labs, the company behind the popular decentralized finance (defi) protocol, Uniswap, launched a tool called the Swap Widget. Essentially, the widget allows developers and decentralized app (dapp) operators to embed the Uniswap decentralized exchange (dex) app with “one line of code.” Software Engineers Can Now Embed Uniswap Swapping Functionality Into Web3 Dapps […]
Even though mobile Android users have been able to access the browser for the past few months, over a billion Apple users can now download it via the App Store.
Like it or hate it, this statement is true. Ethereum did A LOT of hard work establishing itself as the first and best multi-use chain on the market and cemented its reputation as one of the safest chains out there. However, becoming the best in one thing, and maintaining that status is another. And so…
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As the dust settles following the release of the Conibase exploration list, MITX, KROM and BDP have emerged as the big winners with triple-digit price gains.
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submitted by /u/zippyteach [link] [comments]
The event included commentary from CZ, Brad Garlinghouse and Paolo Ardoino on topics of crypto regulation, the SEC lawsuit and European nations adopting digital assets.
Just wondering peoples thoughts on what could ignite the next bull run? We have clearly been on a continuous downtrend for the past 6 months which has been a little depressing and bitcoin is over 30% down from this point 1 year ago. What can get us out of this? Could it be the Russia…
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Bitcoin miners are celebrating the third break this year as their computational power increased due to a decrease of 1.26% in difficulty. This means that they will be able to mine more Bitcoins, and with it comes an endless supply of new coins. Miners also have another 108,160 blocks left until halving happens on or around May 3rd, 2024, which could bring some significant profits if prices keep going up. On March 03, Bitcoin’s difficulty adjustment algorithm (DAA) dropped by 0.35% and again on March 17 by 1.49%. This is the third time in 2022 that the DAA dropped by 1.26% on Thursday at a block height of 731,808. Related Reading | Can The 600-Day MA Support Line Push Bitcoin Again? Bitcoin saw a significant reduction in the difficulty adjustment algorithm on March 7, 2021. As a result, the DAA went down by 27.94%. This was one of the largest reductions in Bitcoin’s lifetime. However, since this change, the hashrate has increased. With a 1.26% drop in DAA, miners find it easier to find the blocks. Two weeks ago, the difficulty was 28.59 trillion, and today with this decrease, the figures are 28.23 trillion. There are still 1,982 blocks left until the following DAA change. Presently, the difficulty adjustment algorithm is expected to increase in the following change. The next DAA is estimated on April 28th. So the following change will happen two weeks from now. Using today’s Bitcoin price, the current block subsidy of 6.25BTC is worth $252,781. More Bitcoin Pools Joining As Just Over 100,000 Block Rewards To Go Until The Halving Bitcoin miners get closer every day toward the block reward halving expected to occur on or around May 4, 2024. Some estimates assume it may appear on May 3, 2024. As a result, things are turning favorably for miners. Miners can expect a significant boost in revenue with this new halving schedule. After halving, miners will see their reward cut in half, from 6.25 Bitcoins per block to 3.125 BTCs per block. The network produces about 900 coins daily (144 blocks), and Bitcoin’s inflation rate is 1.74%. So far, 90% of all imaginable bitcoins have already been minted- there are only 988481.23 left. Related Reading | TA: Why Bitcoin Price Could Eye Strong Recovery Above $41.5K It’s been a smooth few days for the mining community as difficulty continues to change, making it easier to find Blocks. Foundry USA currently holds top honors among all other pools over the last three days. They found 72 blocks and 16.63% or 33.54 EH/s of hashpower. In recent days, some more pools have joined. For example, there were 11 known Bitcoin mining pools two weeks ago, but now the numbers are 14. Price Analysis Bitcoin is currently trading at $39,775 at the time of writing. The coin is below its $40,000 support level. Bitcoin price has decreased 3.35% in the past 24 hours and 8.48% in the past week. Featured image from Flickr.com, chart from Tradingview.com
