Cryptocurrency

As a result, the Bitcoin network saw a large increase in transaction fees, surpassing Ethereum’s total fees. In this comparison, Bitcoin fees increased by 60%, while Ethereum fees increased by nearly 50%.A combination of factors appears to be driving the increase in network fees for Bitcoin, including a Bitcoin price climb that saw the cryptocurrency reach yearly highs of $45,000 on Dec. 5 before settling above $43,000, where it presently traded, and an uptick in Bitcoin Inscriptions, which increased demand for network capacity.Because of the popularity of inscriptions, the cost of sending a Bitcoin transaction has risen.Bitcoin’s total fees for the week amounted to $43.8 million, representing a 61.4% increase. Ethereum total fees amounted to $83.3 million, which represents 48.3% growth, according to IntoTheBlock data.In today’s trading, Ethereum Bitcoin in daily gains, reaching new yearly highs of $2,390. ETH went up 4.58% in the last 24 hours to $2,360 at the time of writing. In this time frame, Bitcoin was only up 1.26% to $43,937.Despite its recent bullish climb to new yearly highs, IntoTheBlock sees a worrying indication for Ethereum. It observes that Ethereum is not experiencing a major surge of new users, as the number of new addresses and the new adoption rate show no significant spikes.Despite this, Ethereum is the only major layer-1 network where the percentage of supply held by whales has increased significantly. According to IntoTheBlock, whales now hold 35% of the ETH supply, up from 22% in January.This article was originally published on U.Today More

The inclusion of PIVX prompted an immediate price rally, peaking above $0.40 before settling around $0.37. Alongside this integration, Binance introduced new trading pairs under both its Cross Margin and Isolated Margin services.The newly added Cross Margin pairs now feature AST/USDT and PIVX/USDT, providing traders with more options for leveraging their trades. Additionally, an array of new pairings for Isolated Margin has been unveiled, including ADA/FDUSD and DOGE/FDUSD, as well as LINK/FDUSD and PIVX/USDT. The launch of ADA/FDUSD and DOGE/FDUSD coincided with a significant 14% increase in Cardano’s price and a 4% rise in Dogecoin’s value.This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. More

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Bitcoin has set a new high in its total number of addresses with a balance.According to on-chain analytics startup , there are now more than 50 million addresses that hold Bitcoin. This represents a significant milestone, which marks 17% growth since the start of the year.The number of total Bitcoin addresses with a balance has seen a steady increase, reaching 50.21 million.The total number of addresses with a balance suggests long-term interest in holding and investing in a given crypto asset.Bitcoin has also seen a continuous increase in total addresses, which refer to all addresses that have ever been created and, at any point, owned a certain crypto asset, including those that still do. This currently stands at 1.25 billion for Bitcoin.At the time of writing, BTC was down 1.41% in the last 24 hours to $43,418.According to crypto analyst , the Bitcoin price sits on stable support at $42,700. This level is significant, as 642,000 wallets have bought 347,000 BTC here. Hence, if the $42,700 support breaks, all eyes will be on the $38,000 level as the next crucial area to watch.On the other hand, should the bullish trend continue, Bitcoin might push toward the next major supply zone at $47,300, where 614,000 wallets hold 427,000 .This article was originally published on U.Today More

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According to shared on X (formerly Twitter) by Greeks.live, a prominent analytics platform in the crypto space, the options landscape is painted with significant figures. Approximately 33,000 BTC options are on the cusp of expiration, carrying a Put Call Ratio of 0.84. The max pain point is identified as $40,000, with a notional value of $1.43 billion.Simultaneously, 210,000 ETH options are nearing expiration, featuring a Put Call Ratio of 0.59, a max pain point of $2,150, and a notional value of $490 million. This imminent expiration occurs against the backdrop of a remarkable week for cryptocurrencies. BTC, in particular, by surpassing the $44,000 mark at one juncture.However, the options data reveals an intriguing pattern, signaling a concentration of trading activities in BTC options. The short-term volume of BTC options is notably higher, indicating that the week’s primary trading focus has been on Bitcoin. Moreover, the percentage of put options, typically considered bearish bets, is not negligible, suggesting nuanced market sentiment.The reference to reflects the ongoing speculation and anticipation within the crypto community regarding regulatory approvals, which could potentially provide a significant boost to the market in the coming year. As reported by U.Today, the U.S. Securities and Exchange Commission (SEC) is in the final stages of deliberating the approval of Bitcoin ETFs.This development follows extensive discussions between the SEC and prominent asset managers, with industry giants such as Grayscale Investments, BlackRock (NYSE:BLK) and others actively participating in these conversations. Overall, the intricate interplay of market forces and investor sentiment during this period could potentially set the tone for the closing weeks of 2023 in the ever-dynamic world of digital assets.This article was originally published on U.Today More

In professional circles he is known as 50 Cent. Hoskinson posted a link to 50 Cent’s song “In Da Club,” adding: “We are both in the same club.”At the time of this writing, Cardano’s ADA is trading at $0.5184, thus entering the “50 Cent Club.”Notably, in November, ADA also demonstrated an impressive rise, soaring by 28.4% within that month and reaching the highest price level since May this year. Data published by CryptoRank suggests that in December an may await ADA this month.Aside from that, a wave of interest from cryptocurrency whales has hit Cardano’s coin, as over the last three months, ADA saw a massive increase in transactions, each worth more than . Santiment on-chain data company’s team believes that this signifies growth in interest from financial institutions and whales and may be considered as a sign of upcoming price surges.Back in 2010-2011, Hoskinson stated, there was only Bitcoin, and all crypto enthusiasts were on more-or-less friendly terms with each other, sharing their ideas in peaceful talks. They mostly occurred on the bitcointalk forum, and a younger Hoskinson was also there.He revealed that Bitcoin started as a completely centralized venture since Satoshi was the only one who kept 100% of BTC mining (and therefore, the network) under his control, and he could change anything he wanted.The reason why he chose not to reveal his real name was, per Hoskinson, that he wanted to avoid the legal ambiguity of issuing a currency.This article was originally published on U.Today More

Exved has received regulatory approval from the Bank of Russia and the Federal Financial Monitoring Service, ensuring compliance with Anti-Money Laundering and Counter-Terrorism Financing (AML/CFT) standards. The system’s launch comes after successful internal testing and regulatory clearances as disclosed by Sergey Mendeleev of InDeFi Smart Bank.The platform is set to significantly reduce transaction fees for its users. Traditional international settlement fees, which typically hover around 6-7%, are slashed to just 2-3% with Exved. This reduction in costs represents a substantial saving for businesses engaged in foreign trade.To further support B2B users, Exved collaborates with brokers and technical specialists who provide comprehensive assistance, including help with transaction documentation and escrow services. The system is not limited to USDT; it also incorporates multiple currencies such as offshore rubles and USD for settlements.The move follows an agreement endorsed by Russian authorities on September 22, 2022, as reported by Kommersant, which allowed the use of cryptocurrencies in international trade. This agreement laid the groundwork for platforms like Exved to emerge, offering legal entities within Russia an alternative means to engage in cross-border commerce amid a challenging economic landscape.Exved’s introduction marks a progressive step towards integrating digital assets into Russia’s financial ecosystem, potentially setting a precedent for other markets looking to adopt cryptocurrency solutions for international trade.This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. More