Bitcoin dominance is rising as crypto investors attempt to decipher the impact of the recent SEC lawsuits against Coinbase and Binance. Investors appear to be converting tokens proposed as securities by the SEC into less disputable assets such as Bitcoin. Crypto dominance Since the lawsuits were filed on June 6, the total market cap of the…
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What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Oops…you must lock a minimum of 20,000 ACS If you don’t have enough, buy ACS on…
What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Oops…you must lock a minimum of 20,000 ACS If you don’t have enough, buy ACS on…
The Bitcoin hash rate continues trending upwards, having experienced a spike last weekend(May 27-28, 2023) that puts it on track to re-test its all-time high of 400 TH/s. Source: bitinfocharts.com The hash rate quantifies the computing power within a Proof-of-Work (PoW) network. In addition, it serves as an indicator to gauge a network’s general health…
Bitcoin’s (BTC) brief climb above $28,000 during the early trading hours of today led to liquidations of roughly $130 million in positions held on the crypto market. According to Coinglass data, the flagship digital asset saw $55 million in liquidations for traders who held positions in it in the last 24 hours. Roughly $130 million…
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Algorand Foundation CEO Staci Warden played down the significance of ALGO’s underwhelming performance, saying, “We don’t think about price.” In a recent interview with Real Vision Crypto, Warden brushed aside the relevance of price, instead highlighting the Foundation’s success in attracting developers to the ecosystem and ensuring their success. “We are having a Cambrian explosion…
The United Kingdom’s core inflation reached 6.8% in April, its highest level since 1992, as CryptoSlate reported in a recent insight. This surge in inflation has occurred alongside a backdrop of declining interest rates for over 40 years, which has inflated asset bubbles across the board. Core inflation represents the fluctuation in the cost of…
According to a report on ZeroHedge, the Central Bank of Nigeria’s (CBN), efforts to move the country towards replacing physical currency with eNaira faced significant resistance, leading to protests nationwide. With a continuous struggle to gain public acceptance and increased scrutiny of the government’s “forceful measures,” the CBDC test run in Nigeria appears to have…