Bitcoin’s Transaction Backlog Surges Past 400,000


A fortnight ago, unconfirmed BTC transactions dipped under 300,000. However, they’ve since rebounded, surpassing the 400,000 mark. While the average network fee remains under $1, since August 6, it’s fluctuated from $0.77, peaking at $2.59 per transaction just two days later on August...

Weekly NFT Sales Dip by 1.18% Despite Rising Buyers and Transactions


Based on the most recent week-long data, non-fungible token (NFT) sales experienced a slight decline of 1.18% from the previous week. Despite a recorded $107.05 million in NFT sales, there was a noteworthy rise of 86.71% in the number of buyers. Additionally, NFT transactions increased by...

Banks Allowed to Issue Crypto Mastercard Cards in Uzbekistan


Authorities in Uzbekistan have authorized two local banks to issue payment cards allowing users to spend their digital coins. The move is part of a pilot project to launch virtual cards linked to cryptocurrency wallets on an exchange that will facilitate instant conversion to fiat money. Uzbekistan...

China's Deflationary Woes and the Ripple Effect on Bitcoin


China's economy slipping into deflation for the first time in more than two years might have negative near-term impacts on Bitcoin (BTC).  In the latest episode of Macro Markets, analyst Marcel Pechman argued that deflation in China, which economists believe is an issue, would leave short...

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