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Ripple underwent a major correction over the weekend, and its price tanked to $0.59 at press time. XRP was trading at $0.61 and was pushed to lower levels of $0.57 before eventually catching up and hitting $0.59. At press time, the token is down 0.93%, and it seems like it may recover its lost momentum soon. But what caused its correction, and why is it important to know? Let’s find out. Also Read: Cryptocurrency Domain Gains New Ally As Kamala Harris Steps In XRP Plummets Due To Ripple’s Co-Founder 40M Transaction: What’s Happening Despite its major win against the US SEC, the price of Ripple is still undergoing a vital consolidation phase. The token is yet to hit a significant price milestone and is consistently battling an intense resistance level of $0.60 to adopt a bullish pace ultimately. In the middle of it, XRP co-founder Chris Larsen’s wallet was found making an online transaction. The recent transactions have become a centre of speculation and scrutiny, shedding li...

Transaction volume on the Solana network crossed $1 trillion in January, a multi-year high. According to The Block’s dashboard, transaction volume is up 30% from December 2023, at $738.8 billion. Online transaction volume has hit a record high since September 2022, at $1.55 trillion. Source: The Block Experts note that the growth in blockchain activity is significantly higher than in 2023 and through much of 2022. For example, in September 2023, transaction volume on the Solana network reached a low of $40 billion. In January, the number of registered addresses on the Solana blockchain reached a multi-month high. This month, the number of new Solana addresses exceeded 10 million, the highest figure since May 2022, when the number of addresses was 11.72 million. In addition, the naive token Solana (SOL) has shown steady growth. Over the past week, the asset price has increased by about 12%. At the time of writing, the cryptocurrency is trading at around $98. ...

If someone asked you how many blocks (or minutes) they should wait to make sure their Bitcoin (BTC) transaction is irreversible, would you know what to say? The “rule of thumb” would be between three to six blocks (around 30 to 60 minutes), but experts say it should be even more. Different people could give different answers, and a recent post by Luke Dash Jr. (@LukeDashjr) — a Bitcoin Core developer — on X suggests that a 12-block waiting (around 120 minutes) is the safer approach, considering Bitcoin mining‘s current state. Indeed, probably should wait a good 12 blocks now — Luke Dashjr (@LukeDashjr) September 19, 2023 With that in mind, Finbold went deeper into understanding what is the safer confirmation time for a Bitcoin transaction . Bitcoin transactions have probabilistic finality Due to Bitcoin having what is called ‘probabilistic finality’, transaction s’ irreversibility increases for each new block added to the blockchain after the block that inclu...