The recent market surge witnessed a major growth as virtual assets collectively improved the overall market capitalization of crypto assets, which was around $248 billion at press time.
Bitcoin [BTC], the most popular asset, breached the $8000 mark almost after a year, and was consolidating above $7500, at press time.
Ethereum [ETH] received its fair share of good fortune too and according to a recent report by Longhash, the Vitalik Buterin-led crypto asset’s ROI “outperformed” Bitcoin over the past month.
According to data released by Etherscan.io, the number of recorded transactions on the network on 21st May was 812,799. This is a significant increase in the span of three months. On Feb 21st, the transaction witnessed was around 544,817. The present-day numbers are 40 percent higher than the ones recorded in February.
Source: Etherscan.ioFurther, it was also reported that the total daily Gas utilized on the ETH network had exhibited a significant increase. On Feb 21st, the total Gas consumed on the ETH network was around 32 billion, while the Gas utilization was at 46 billion on 21st May.
This increased usage of Gas indicated that the transactions taking place in the network were not solely based for payments. Instead, some of them might have been carried forward to “operate smart contracts.” The average Gas consumption on the Ethereum network was about 67000 on 21st May.
At press time, Ethereum was valued at $253.46 and the market capitalization was recorded to be $26 billion. Over the last 24 hours, the token experienced a minor 0.72 percent hike. However, the hike over the past seven days was significant, with a growth of 10.15 percent.
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Facebook’s Libra hit by more accusations, Balaji Srinivasan on BTC investment and more
Crypto News – 24 June – Facebook’s Libra hit by more accusations, Balaji Srinivasan on BTC investment and more
— AMBCrypto (@CryptoAmb) June 24, 2019
Crypto News – 24 June
Erik Voorhees on Bitcoin: According to the CEO of Shapeshift, Bitcoin’s relative traceability has allowed governments to become comfortable with it
Read more at https://bit.ly/2WVviJW
Max Keiser on gold’s ‘resurgence:‘ Max Keiser made news after he stated that Bitcoin’s growing popularity as a competing store of value and millennials were responsible for gold resurfacing in the conversation about store of value assets
Read more at https://bit.ly/2Xve2zp
Tron back in the top 10: A month after CEO Justin Sun promised to get Tron back in the top 10 of the world’s largest cryptocurrencies, TRX surged by over 6% to achieve the same by overtaking Cardano
Read more at https://bit.ly/31TXekX
Bank of International Settlements on Libra: While talking about Facebook’s Libra, BIS’s report attested to the need for sound public policy, financial regulation, competition regulation, and data privacy regulation
Read more at https://bit.ly/2Fsoptu
Bitcoin short futures position on the rise: According to a Twitter user, 70% of all Bitcoin short futures position are taken by four traders
Read more at https://bit.ly/31Om4CQ
LocalBitcoins’ Russian Ruble trading charts: According to CoinDance, the weekly LocalBitcoins chart revealed that the Russian Ruble [RUB] recorded towering volumes, even after the June 1 cash-exodus announcement
Read more at https://bit.ly/2JgRWYz
Howard Chu on Monero: According to the Founder of Symas Corp., Monero was “outstripping” other projects in the space which have larger budgets, in light of the new features added to Monero
Read more at https://bit.ly/2Y8IsEQ
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