The number of active Ethereum network addresses has surpassed that of Bitcoin for the first time

The number of active Ethereum network addresses has surpassed that of Bitcoin for the first time

The latest information released by the sentiment data analysis platform indicates that Ethereum has surpassed Bitcoin for the first time in terms of the number of active addresses.

Yesterday, Ether reached its highest price of one week, $ 2135, at Bitstamp. Ahead of the EIP-1559 update, which is expected to launch in the coming weeks, the market's second-largest blockchain network has seen an increase in user activity on the network.

At the same time, the number of active Bitcoin addresses is at its lowest level since February. The momentum cryptocurrency lost momentum after the cows failed to overcome the $ 35,000 resistance.

 The ETH / BTC pair is now in the middle of an obvious reversal, rising by almost 7% in the last 24 hours.

Jim Kramer's attention to ether

CNBC presenter Jim Kramer recently said he would continue to buy Ethereum when he only buys bitcoins when they reach $ 10,000. The famous superstar seems to like Ethereum more because people use it to buy "much more".

 

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For the first time in history, the difficulty of the Bitcoin network is likely to decrease by 21%

The first Bitcoin investment fund in the Middle East was launched at Nasdaq Dubai

The average Ethereum transaction fee fell below $ 1

Is Ethereum better than Bitcoin?

 

cryptocurrency market experts warn. Is the winter of this industry on the way?

cryptocurrency market experts warn. Is the winter of this industry on the way?

Analysts at JP Morgan and DailyFX claim that we are in a cryptocurrency winter. However, other analysts, including John Bollinger, disagreed. The creator of the technical indicator of the Bollinger Bands believes that Bitcoin has already recorded a price floor of $ 30,000.

Bitcoin hit a record high of $ 64,804.72 in April, but later, the flagship cryptocurrency has dropped by almost 50% since then and is trading at $ 33,039.01 at the time of writing. The price of Bitcoin has risen 1.5% in the last 24 hours after touching the resistance level of $ 30,000. Although the cryptocurrency appears to be recovering, some experts believe the situation could get worse.

In addition to the downtrend, the bitcoin death intersection pattern was finally formed on June 19. In addition, conflicting news with Bitcoin continues in China, which negatively affects the bitcoin hash rate. On the other hand, the interest of legal investors decreased. These are all factors that lead to a downturn in the market. Likewise, these factors can lead our favorite cryptocurrencies to a deep hibernation.

Bitcoin lovers are raising funds to make a documentary to support it

Bitcoin lovers are raising funds to make a documentary to support it

As news of Bitcoin's devastating environmental impact grows, a group of investors and supporters to defend the world's largest digital asset is filming a FUD (Fear, Uncertainty and Doubt) documentary with the help of massive investment, from Defend the world's largest digital asset.

It was first announced on Twitter by Brad Mills, an investor, podcast host and bitcoin fanatic, that the film aims to serve as a definitive argument for "why Bitcoin puts the world into renewable energy." "Transfers faster than governments."

Miles's choice for director is Jamie King, best known for STEAL THIS FILM, a documentary series about BitTorrent and one of the first examples of massive free investment and sharing. In an interview with Cointelegraph, King said that the story of bitcoin energy consumption has come into play.

"The idea for this new project, for which we are now raising funds, came as a result of increasing attention to bitcoin energy consumption. "Obviously, this comes from Ilan Musk announcing that he will not accept bitcoins for his cars right now, and this is part of the FUD that we are seeing more and more repeated."

Earlier this week, billionaire Ilan Musk tweeted that Tesla would no longer accept bitcoins for payment. A theory that made accusations of hypocrisy, but their content was reflected in the mainstream media.

Despite Ilan's struggles, it is difficult to calculate the amount of "dirty" energy consumption by Bitcoin, and even estimates based on Chinese consumption may only paint a harsh picture.

Regardless, King and crew are not trying to argue that Bitcoin is a clean, green technology.

"I think it's important to know that bitcoin uses a lot of energy. This is part of its design. "The question we have to ask is, is it worth it?"

King said those who instinctively answer "no" to this question may not have done their research, and in the broader social, political and economic context, the state of bitcoin energy consumption is obvious.

So far, the community has reacted warmly, raising bitcoins in just 48 hours. King also notes that while the Bitcoin Lightning Network did not receive the expected acceptance, small sponsors began to flock after the Lightning project was launched.

"I guess what we can see is that Lighting is very real for small bitcoin donations, I'm glad to say," he joked.

In the end, King's goal is not to throw mud at the FUD-stars, but to educate and excel the film.

"I do not want to just argue with the idea that this is a waste of energy. Rather, it creates something that inspires people to know that Bitcoin is truly amazing. That means breaking the FUD with a higher goal! "