The mining complexity for Bitcoins has reached an all-time high of 86.39 trillion following a 3.4% rise on April 10, just prior to the upcoming halving event. This latest increase surpasses the previous record of 83 trillion, set on March 28. The Bitcoin network’s hash rate determines the adjustment of the problem complexity approximately every … Read more
According to CryptoQuant’s analysis, the desire for Bitcoin among long-term investors, or “permanent holders,” surpassed its supply growth for the initial time ever. This could be a significant indicator boosting the likelihood of an increase in Bitcoin‘s value. According to a study by CryptoQuant, the desire for Bitcoins among long-term investors currently exceeds the rate … Read more
Investors have been drawn to the concept of earning passive income for a long time. Some market analysts contend that cryptocurrencies are unable to deliver this type of income. However, this is not entirely true. Through staking and certain rewards programs, investors can actually earn interest on their existing cryptocurrency holdings. By staking your cryptocurrency, … Read more
On Thursdays, Luno, a cryptocurrency trading platform, received regulatory approval from South Africa’s Financial Sector Conduct Authority (FSCA), becoming one of the first legally recognized crypto businesses in the country. This approval falls under the Financial Advisory and Intermediary Services Act (FAIS) of 2002. Christo de Wit, South Africa’s country manager at Luno, commented, “This … Read more
A recent study conducted by the European securities regulator reveals that approximately 90% of all cryptocurrency trades are handled by just ten exchanges. This suggests a significant level of concentration in the crypto market. A new report from the European Securities and Markets Authority (ESMA) reveals a high degree of dominance in the crypto trading … Read more