Right from Arbitrum to Optimism, a host of scaling solutions have been launched over the past few months and, yet, there’s no full stop. Individual networks have been able to reap benefits from the launches, OMG being the latest one to do so.
Bitcoin BTC’s price surged by 9.88% on the first day in October ’21, as it heads for Plan B’s October $63K price target. PlanB, famous for the stock-to-flow model predicts that Bitcoin as a store of value would attain the $98K mark in November and the $135K mark in December. He also mentioned a floor model (Worst-case scenario), that’s not based on S2F-Stock to flow, but on-chain and price data as the S2F already suggests $100K at the current time.
The International Monetary Fund (IMF) released a set of actionable policies for the emerging markets and developing economies to ensure financial stability amid global crypto adoption.
Kazakhstan is facing electricity shortages and cryptocurrency mining has been singled out as the main culprit. Amid an ongoing crackdown in China, the Central Asian nation has become a magnet for crypto miners who are taking advantage of its low electricity rates.
On Oct. 1, the cryptocurrency market experienced a 9.5% pump that drove Bitcoin (BTC) and Ether (ETH) to their highest levels in 12 days. A variety of reasons have been attributed to the price move, including the U.S. consumer price index, exchanges' diminishing supply, and a "cup and handle" bullish continuation chart formation.
For a brief period today, Binance coin (BNB), the native token of Binance’s Smart Chain (BSC) ecosystem, topped Cardano to clinch 3rd place ranking among cryptocurrencies by market valuation according to data from Coinmarketcap.
Investors are moving to Solana, and Cardano as the second-largest cryptocurrency by market cap shows signs of continued weakness. This is because investors who bet their money on Ether had a harsh month in September.