Yet the narrative of bitcoin offsetting the devaluing dollar is even weaker than the one about it being a tech-related investment. The correlation coefficient between bitcoin and the U.S. Dollar Index is just -0.13. Against U.S. bonds, represented by the iShares 20+ Year Treasury Bond ETF (TLT), it is just -0.02. In other words, no relationship at all. Source link … [Read more...] about No, Tech Stocks Aren’t Driving Crypto Prices
Driving
Uniswap Preps Polygon Launch, Driving MATIC to All-Time Highs
“Ethereum introduced a noble vision of an open, borderless economic system accessible to everyone,” Mihailo Bjelic, co-founder of Polygon told CoinDesk in a Telegram chat. “With the increased usage, fees on Ethereum layer 1 have effectively ‘priced out’ most of the users.” Source link … [Read more...] about Uniswap Preps Polygon Launch, Driving MATIC to All-Time Highs
What Is Loopring and What’s Driving Its Rise?
You may have heard of other blockchains, such as Avalanche and Solana, that also claim to be faster and cheaper than Ethereum. However, unlike Loopring, these are known as layer 1 blockchains. This simply means they are independent blockchains with their own validators, just like Ethereum. Source link … [Read more...] about What Is Loopring and What’s Driving Its Rise?
What is driving Bitcoin miners to New York’s fading blue-collar towns?
This month, a Bitcoin mining operation is launching northeast of Niagara Falls, on the site of decommissioned coal-fired Somerset Generating Station, The New York Times reported.Leveraging abundant sources of renewable energy and ‘plug and play’ infrastructure, New York State’s fading blue-collar towns became an increasingly popular destination for mining Bitcoin.However, the … [Read more...] about What is driving Bitcoin miners to New York’s fading blue-collar towns?
3 important factors driving Avalanche’s 504% growth
Since the previous article on Avalanche in September—”Avalanche Gains Momentum as Blockchains Battle Breaking Out” by Footprint — Avalanche’s TVL has risen from $2.3 billion to $13.9 billion.Footprint Analytics: Avalanche TVL1. Sustained ecosystem supportThe Avalanche Foundation launched Avalanche Rush on August 18, a $180 million liquidity mining incentive program that drove … [Read more...] about 3 important factors driving Avalanche’s 504% growth