Ethereum EIP-1559 Upgrade Adopted 34x Faster than Bitcoin Segwit

beincrypto.com The adoption of the latest Ethereum upgrade appears to have outpaced that of Bitcoin’s Segwit by multiple factors. It has been a little over three weeks since Ethereum’s London upgrade was deployed on Aug 5. In that short time, it has seen rapid adoption according to Yearn Finance developer “banteg.” In a tweet on …

Bitcoin (BTC) Price Takes A Dip Under $47,000 Amid Record Exchange Inflow

coingape.com After shooting all the way $52,000 last week, the world’s largest cryptocurrency Bitcoin (BTC) has resumed the downward trajectory once again. Since last week’s high, the Bitcoin price is down by more than 10%. At press time, BTC is trading 1.8% down slipping under $47,000. As per on-chain data provider Santiment, the Bitcoin sell …

Bitcoin price prediction: rising wedge points to a drop to $42,500

invezz.com The Bitcoin (BTC/USD) price tumbled in the overnight session as sentiment in the industry deteriorated. The coin fell to $46,313, which was substantially lower than this week’s high of more than $50,000. This decline brings its total market capitalization to more than $879 billion.  Bitcoin rally fades Bitcoin price rallied to more than $50,000 …

Why Breaking $49K Is Important For Bitcoin To See Another All-Time High

www.newsbtc.com Bitcoin has once again dipped back down below its $47K resistance point. This time, the price of the digital asset looks to have turned its attention downwards. While this downward correction continues, it is important to know where this correction might lead. Price dips are not a novel concept in bull markets. In fact, …

China’s Central Bank Says Bitcoin Has No Actual Value

u.today China’s central bank is not willing to change its long-standing hawkish stance on cryptocurrencies. Yin Youping, deputy director of the Financial Consumer Rights Protection Bureau, recently said that digital assets of the likes of Bitcoin are not legal tender and have no “actual value,” according to Chinese government mouthpiece People’s Daily.  He added that …

Bitcoin Exchange Inflow Is Increasing Rapidly

www.financemagnates.com The overall exchange activity of Bitcoin has increased significantly since the start of this week amid a jump in the price of BTC. According to the recent data published by Santiment, leading digital exchanges saw an inflow of approximately 1.68 million BTC on Wednesday 25 August 2021, the highest level since 19 June 2019. …

TA: Bitcoin Resumes Decline, Why BTC Could Dive To $45K

www.newsbtc.com Bitcoin price failed to settle above $48,500 and corrected lower against the US Dollar. BTC is now facing many hurdles near $47,500 and $48,000. Bitcoin extended its decline and tested the $46,500 support zone. The price is now trading below $48,500 and the 100 hourly simple moving average. There is a connecting bearish trend …

Crypto payment gateway ForgingBlock to integrate Polygon

www.cryptoninjas.net ForgingBlock, a decentralized cryptocurrency payment gateway, announced today that they have started to integrate Polygon, a platform for Ethereum scaling and infrastructure development. The payment gateway includes e-commerce plugins, payment APIs, a checkout page, and servers with high security and can be easily integrated for both merchants and the Polygon developer community. This development supports …

NFT Mania Sends Ethereum Gas Prices to 14 Week High

cryptopotato.com Ethereum users are suffering again as transaction fees have spiked to their highest levels for 3 months. According to Bitinfocharts, the average transaction fee has surged to $27.23 yesterday an increase of around 240% since the beginning of August. The last time gas was this expensive was on May 19 when average prices spiked …