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Binance likely updated bitcoin confirmation process, on-chain data reveals

0xMain
June 3, 2023

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New on-chain data has picked out activity surrounding Binance’s consolidation transactions. As observed, the latest batch of these transactions has been subjected to a replaced-by-fee (RBF) shift, escalating from 13.5 sats/vb to 56.4 sats/vb. It is despite these transactions failing to “signal BIP125...

Stably USD stablecoin enters bitcoin’s on-chain economy

0xMain
May 25, 2023

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To facilitate efficient trading within bitcoin’s (BTC) evolving on-chain economy, crypto startup Stably has introduced Stably USD, a new dollar-backed stablecoin. In a significant development for bitcoin‘s rapidly developing on-chain economy, a new dollar-backed stablecoin named Stably USD has been launched. Stably, the...

Bitcoin on-chain metrics suggest an early bull market

0xMain
May 17, 2023

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Developments like the introduction of bitcoin-based smart contracts and other key on-chain metrics suggest the global cryptocurrency market is in the early stages of another bull cycle, according to Bitfinex analysts. Bitcoin network activity and transaction fees Despite the current decline in the...

More ethereum holders moving coins to centralized exchanges, on-chain data shows

0xMain
May 7, 2023

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A crypto trader expects ethereum (ETH) prices to fall or slow down in the days head. This comes after on-chain monitor, LookOnChain, revealed that more ETH holders are moving coins to centralized cryptocurrency exchanges like Binance and Kraken. Ethereum prices consolidate Presently, ETH...

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Tenet unveils testnet for on-chain liquid staking derivatives

0xMain
May 4, 2023

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Tenet, a liquid staking derivatives (LSD) hub created by former executives from Ankr and Blockdaemon, has unveiled its testnet for developers to engage with the platform. Tenet: enhancing LSD liquidity and yield Co-founded by Greg Gopman, former CMO at major LSD protocol Ankr, and Dan...

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Bitcoin on-chain fundamentals stay solid as investors hold tight amid exchange outflows

0xMain
April 19, 2023

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Glassnode data reveals long-term holding trends and exchange net outflows for bitcoin, indicating increased investor confidence. As the world of cryptocurrency continues to evolve, recent data from blockchain analytics firm Glassnode paints an intriguing picture for bitcoin investors. The number of addresses holding...

Bitcoin on-chain analysis suggests a correction may be coming

0xMain
April 14, 2023

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The crypto market has recently experienced a period of relative stability, halting the bear market. However, recent on-chain data analysis of bitcoin indicates that a correction may be looming. Several key metrics from the blockchain data platform Glassnode have reached noteworthy levels. One...

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Bitcoin is in the middle of accumulation, on-chain data shows

0xMain
April 7, 2023

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In recent developments, multiple indicators by Glassnode suggest that bitcoin (BTC) is currently in an accumulation phase. Several on-chain data points have reached all-time highs (ATH), indicating increased interest and long-term holding among the investors. This metric measures the percentage of the total...

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Cardano’s integrations to improve on-chain gaming and smart contracts

0xMain
April 5, 2023

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As the crypto universe buzzes with excitement, Cardano (ADA) is enjoying a rollercoaster of success, with its price reaching a 30-day peak of $0.3994 as of April 4. The coin has seen a 2.8% surge in one week. But that’s not the whole...

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DappRadar says on-chain blockchain gaming and DeFi activity up in Q1

0xMain
April 4, 2023

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DappRadar’s decentralized applications (dApps) and DeFi ecosystem report for the first quarter of 2023, shows the leading blockchain gaming chains like Wax, BNBChain, and others saw increased on-chain activity, with the total value locked (TVL) in DeFi protocols also increasing significantly. Blockchain gaming...