Stormgain

Stormgain

StormGain is a crypto trading platform for everyone.


Ripple is up 9% in just 12 hours as court decision approaches

18 May 2023 1 minute read 1 comment Stormgain

The Ripple trial is important for the company and the entire cryptocurrency market as regulators are trying to label XRP as a security. But the lack of clear criteria for dividing cryptocurrencies into different classes leads to a consequent weakness...

New highs for the Bitcoin network

17 May 2023 1 minute read 0 comments Stormgain

Introduced in 2023, the Ordinals protocol gave users the ability to mint NFTs and meme tokens on the Bitcoin network (read more on the mechanics on the creator's blog). This led to excitement and some new record highs. Daily transactions Last week, t...

Bitcoin network overload leads to surge in demand for Litecoin

16 May 2023 1 minute read 1 comment Stormgain

Bitcoin is the slowest yet most protected network. Cryptocurrency is recognised by financial analysts as a store of value, but it isn't very suitable for frequent payments. To confirm payment, the transaction must be included in a block that's formed...

Why a US default would lead to the collapse of the crypto market

15 May 2023 2 minute read 3 comments Stormgain

Bitcoin welcomed the bank collapse in March, moving up 21% to $28,400, as volatile monetary policy and the risk of new bankruptcies boosted interest in the decentralised asset. But in the event of the US defaulting on its national debt, the situation...

Ethereum staking yields up 55% in a month

12 May 2023 1 minute read 2 comments Stormgain

It's been a month since implementing the Shanghai hardfork and allowing validators to withdraw both rewards and staked deposits. During that time, users have withdrawn 1 million ETH in rewards and another 1.2 million ETH due to the full withdrawal of...

Bitcoin fever: skyrocketing fees and suspension of Binance withdrawals

11 May 2023 1 minute read 0 comments Stormgain

The Bitcoin network overload resulted in a surge in fees, which averaged $31 per transaction on 8 May. Miners were excited by the news because, for the first time since 2017, the fees exceeded the reward for mining a block. But users have encountere...

Interest surges: Bitcoin network fee hits a one-year high

10 May 2023 1 minute read 1 comment Stormgain

Four US banks have gone bankrupt, and a dozen more are struggling. For example, PacWest shares collapsed by 50% in the past day, and Western Alliance saw a 40% drop. According to polls by Gallup, the world's largest polling agency, half of US citizen...

Crypto bombs worth 4.3 million BTC

5 May 2023 1 minute read 1 comment Stormgain

The upcoming changes in the form of the de-dollarisation of the global economy and a potential default on US debt offer tempting prospects for Bitcoin, which stands as an alternative to the traditional financial system. But the cryptocurrency has its...

The number of ETH whales declined after the Shanghai hardfork

4 May 2023 1 minute read 0 comments Stormgain

The Shanghai hardfork, which allowed validators to withdraw funds, continues to have a mixed impact. On the one hand, the long-awaited upgrade is attractive to more cautious investors. On the other hand, a number of participants continue to leave the...

Support level for Bitcoin short-term holders is $24,400

3 May 2023 1 minute read 0 comments Stormgain

On the heels of Bitcoin's 80% increase in 2023, crypto exchanges have experienced an influx of coins brought on by some holders wanting to take profits. On certain days, it reached a rate of 30,000 BTC/month. Peak indicators either coincided with a c...