Last Week was Bitcoin’s ‘Busiest Week Ever’
During the last week of November the blockchain-monitoring company Blockchain announced Bitcoin had its “busiest” week ever, with over 2 million transactions processed. Blockchain Reports Busiest Week and Network Congestion. November has been a busy month for the decentralized currency bitcoin, as adoption has been on the rise. Over the course of the....
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Blockchain.info, one of the biggest and oldest bitcoin wallet provider, publicly stated that bitcoin experienced its busiest week ever from the 20th to the 27th of November. Antoine Le Calvez, a software engineer at the company, stated: “Between Nov 20th and 27th, Bitcoin faced its busiest week ever with 2 million transactions, a near-constant backlog of tens of thousands of transactions to confirm, and a record 333,466 transactions processed in a day. This resulted in average confirmation times reaching an unusually slow speed of more than 2 hours.” The spike coincides with Black Friday,....
In the wake of inching closer to its 2016 peak, CoinDance indicates that the worldwide weekly volume of popular P2P Bitcoin marketplace, LocalBitcoins, reached a new all-time high on record USD volumes last week with five countries - USA, Malaysia, Brazil, Venezuela, and Sweden - recording all-time highs within the same period. LocalBitcoins CEO Nikolaus Kangas says: “It was certainly one of the busiest weeks on our platform ever.” The highest price of the top digital currency this year stands at $763.33 in June. Last week, the price reached $720.29, the closest to the peak rate for the....
Just as Blockchain.info announced the week between Nov. 20 and 27 to be Bitcoin ’s busiest week ever, several tens of thousands of unconfirmed transactions have popped up on the network again prompting questions about the spike, including: is the journey to mass adoption about to finally take-off? Will this last? Is it a spam attack? Blockchain.info reported that within the week there were two million transactions, a backlog of tens of thousands of transactions to confirm and a record 333,466 transactions processed in a day, resulting in average confirmation times reaching an unusually....
The plateaued movement of Bitcoin’s price can’t keep up for long. What outcome is to be expected for BTC/USD this week, and how should one go about catching the trend? The BTC/USD price has been staying between the two weekly resistance lines for the past week. This indicates an almost even distribution of power between the Bears and Bulls. However, at the end of the week, the sellers had the advantage. The buyers didn’t even have enough strength to break through the level of $422.
September has been one of the busiest months at Binance this year.
Last month the world’s largest crypto exchange by trading volume kicked off the inaugural Binance Blockchain Week Paris, a three-day event exploring the best of Web3. They also expanded their ever-growing suite of products, including introducing a more user-friendly way to earn crypto passive income.
Concurrently, the team has continued to push product innovation — which is something that Binance views as a crucial driving force for industry growth. The team’s values have remained....