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Onchain Bitcoin Fees in 2024: A Closer Look at Transaction Costs and Delays
6.2.2024
Data gathered over the last 36 days reveals that the Bitcoin network’s average transfer fee has consistently exceeded the $3.68 mark, while costs for median-sized transactions have not dipped below the $1.67 threshold. As of Feb. 6, 2024, insights from Bitcoin’s transaction queue...
Grayscale’s 4K Bitcoin Transfer, Blackrock CEO Favorable on Bitcoin, Ripple’s XRP Ousted, and More — Week in Review
21.1.2024
Grayscale stirred speculation by transferring 4,000 bitcoins, while Blackrock CEO Larry Fink endorsed bitcoin as “digital gold,” surpassing government influence. In regulatory news, Ripple’s XRP was removed from Hong Kong Virtual Asset Consortium’s top crypto index....
Spot Bitcoin ETF Approvals, Ethereum’s Outperformance, BTC Mystery Transfer, and More — Week in Review
14.1.2024
The SEC approved spot bitcoin ETFs, sparking a lukewarm market response despite ethereum’s rising prominence. Meanwhile, intrigue swirled around a mysterious $1.19 million bitcoin transfer to the genesis address linked to Bitcoin’s creator, Satoshi Nakamoto. The launch day of U.S....
Grayscale’s 4,000 Bitcoin Transfer Worth $175M Stirs Market Speculation Amid Record ETF Trading Volume
13.1.2024
Recent blockchain analytics reveal that 4,000 bitcoins, valued at approximately $175 million, have been transferred from addresses believed to be controlled by Grayscale’s Bitcoin Trust, commonly referred to as GBTC. Records indicate that these transfers occurred in four separate batches...
Mysterious Million-Dollar Bitcoin Transfer Sparks Wave of ‘Dust’ to Satoshi’s Genesis Wallet
7.1.2024
After the enigmatic transaction on Jan. 5, 2024, in which an unidentified bitcoin wallet transferred 26.917 bitcoin worth $1.19 million to Satoshi Nakamoto’s Genesis wallet, there has been a surge of about 34 dust transfers to the same address in the past 24 hours. A Slew of Micro...
Crypto Blunder: User Accidentally Pays $500,000 in Fees for a $200 Bitcoin Transfer
12.9.2023
A Bitcoin (BTC) user paid around $500,000 in transaction fees to send just $200 of BTC last weekend, setting a new record in Bitcoin transaction fees.
The transaction, made on September 10 at 5.10 PM UTC, was sent from a well-experienced Bitcoin user, which many believe must be either an exchange...
Idle No More: $11.4 Million in ‘Sleeping Bitcoins’ Wake up After Years of Dormancy
13.8.2023
Hovering just above the $29,000 mark, bitcoin’s value remained relatively stable while an interesting event occurred on Saturday afternoon: a dormant cache of 195.79 bitcoins, untouched for over seven years, was transferred for the first time since 2016. This action was followed by another...
U.S. Government's $1B Bitcoin Transfer Spooks Investors, Bitcoin Dips
9.3.2023
The price of bitcoin dipped below 22,000 early Wednesday after authorities moved some of the bitcoin to Coinbase-controlled wallets
A Look at the First Phone-to-Phone Bitcoin Transfer Using a Nokia N900 Smartphone
23.10.2022
When Satoshi Nakamoto created Bitcoin, the full node client came with a wallet often referred to as Bitcoin-Qt. Nakamoto’s simplified payment verification (SPV) concept was not available until two years later, after the former Bitcoin Core developer Mike Hearn published BitcoinJ in 2011....
Coinbase_Cloud collab: A frictionless bitcoin transfer web3 space
12.10.2022
Google Cloud and Coinbase have entered into a long-term partnership by joining hands with the main purpose of driving innovation in the Web3 sphere. Both partners look to greatly benefit from the collaboration. While Coinbase will now be able to build a global data platform, Google Cloud will...
Coinbase_Cloud collab: A frictionless bitcoin transfer web3 space
12.10.2022
Google Cloud and Coinbase have entered into a long-term partnership by joining hands with the main purpose of driving innovation in the Web3 sphere. Both partners look to greatly benefit from the collaboration. While Coinbase will now be able to build a global data platform, Google Cloud will...
China’s Crackdown Spurs Massive Onchain Transfers, Cold Wallets Move $3 Billion in Bitcoin and 800K Ether
26.9.2021
Following the latest statements from China’s central bank concerning cryptocurrencies and offshore crypto exchanges, massive amounts of funds have been moving onchain. On September 26, at approximately 1:00 a.m. (UTC) 72,999 BTC or $3.1 billion in bitcoin was dispersed to unknown wallets....
Swiss Crypto Firms Say First Automated, AML-Compliant Bitcoin Transfer Completed
21.8.2020
The new bitcoin transaction automatically complies with the FATF Travel Rule and will save intermediaries from doing it all manually