Category: Bitcoin
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A Mysterious Dogecoin Address Absorbed 27% of the Supply, the Top 20 Addresses Captured 50%
Just recently, the crypto asset dogecoin has seen some significant price gains and on Wednesday, Tesla’s founder Elon Musk tweeted about the digital currency incessantly. While people have been discussing the dogecoin pumps and Elon’s suggestive tweets, crypto supporters have been discussing a single dogecoin address that holds 36 billion tokens or more than 27%…
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African Hip Hop Artist Davido ‘Thinking of Starting a Bitcoin Trading Company’
Popular Nigerian hip hop artist Davido has sparked off a buzz about crypto assets after tweeting about his intention to start a bitcoin trading company. With the short tweet, Davido becomes the latest African celebrity to express interest in starting a crypto business. Senegalese singer Akon is another prominent African personality to embrace crypto assets.…
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4 reasons Bitcoin is about to reclaim $38K putting all-time highs back in play
Bitcoin will likely break out of the dreaded $38,000 resistance areas if four factors buoy the momentum of BTC.
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Sky High Bitcoin and Ethereum Fees: While Prices Jump the Cost to Transfer Follows Suit
While a number of digital currencies have seen price gains the two leading crypto assets, bitcoin and ethereum have seen transaction fees skyrocket. For instance, data shows that the median fee for a bitcoin transaction is $8.58, while the median fee is $9.35 when spending ether. Meanwhile, the average transaction fee for both networks has…
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Hedge or cyclical? Eternal debate on Bitcoin’s status sees a new twist
Crypto might not be a great hedge in the strict traditional sense, but it can guard investors against policy and currency risks.
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Doge Token Pumps After Elon Musk Tweets ‘Dogecoin Is the People’s Crypto’
Elon Musk has tweeted that dogecoin is people’s crypto shortly after the billionaire pledged to go off the social media platform for while. Incidentally, the token, which traded at $0.0411 on February 3, surged to $0.0588 just as Musk was tweeting. However, at the time of writing, the token appeared to have retreated to $0.0541,…