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Optimism transaction volumes surpass Abitrum’s for the first time in six months
27.7.2023
Optimism lost the top spot to Arbitrum in January, after the end of its season one “quest," but has regained it after Worldcoin launched on July 25
Ordinal Inscriptions Approach 19 Million Amid Stagnant Fees, Bitcoin NFT Sales Drop
23.7.2023
The number of Bitcoin Ordinal inscriptions on the blockchain is nearing 19 million, a trend that has continued for the past 218 days since December 16, 2022. Statistics indicate that miners have accrued roughly 1,847.66 BTC in fees, worth about $55.29 million, confirming the millions of Ordinal...
Dormant $30 Million Bitcoin Cache Roused After 11 Years: 8 Sleeping Wallets From 2012 Stirred to Life in July
23.7.2023
Under the cover of darkness early Saturday morning, July 22, 2023, precisely at 12:51 a.m. UTC, a former dormant bitcoin address, home to 1,037.42 BTC—valued at $30 million—stirred to life for the first time since 2012. Long-dormant Bitcoin Address Springs to Life, Moving $30 Million...
Charting Bitcoin’s Predictable Course: A Comprehensive Review of the Next 29 Reward Halvings
22.7.2023
In under 280 days, Bitcoin’s blockchain will undergo its fourth reward halving event, slicing the block subsidy from 6.25 BTC to 3.125 BTC. The crypto community is abuzz with chatter, contemplating how these substantial decreases in block rewards will transpire over the ensuing two decades...
China's Digital Yuan Hits $250 Billion Transaction Volume, Central Bank Governor Reports
21.7.2023
The People’s Bank of China (PBoC) revealed that $250 billion worth of transactions have taken place using the country’s central bank-backed digital currency (CBDC) digital yuan in 18 months since the start of its pilot.
Speaking at a conference in Singapore, China’s central bank governor Yi Gang...
China’s digital yuan nears $250B transaction volume: Central bank governor
20.7.2023
While the adoption and use cases of China’s e-CNY are expanding, the digital yuan still only represents 0.16% of China’s monetary supply
US Dollar Shortages: Ethiopia and Nigeria in $100 Million Currency Swap Transaction
17.7.2023
According to a report, the central banks of Ethiopia and Nigeria recently consummated a $100 million currency swap transaction. Under the arrangement, an Ethiopian airliner was paid local currency equivalent to $100 million while Dangote Cement is said to have received a similar amount of nairas....
Ethereum’s Fiery Path: $6.6 Billion Ether Burned Since the London Hard Fork
16.7.2023
Drawing upon recent data, the Ethereum network has incinerated close to 3.46 million ether, translating to a staggering $6.68 billion in value burned since the London hard fork’s implementation on August 5, 2023. Taking into account the 710-day period that followed, the Ethereum network...
Crypto scams are down 77% — but this exploit is making a huge comeback
12.7.2023
Attackers of this kind are supposedly "big game hunting” large-scale organizations with deep pockets to extract ”the most money possible” out of these firms
Santiment Indicates An ETH Rally As Transaction Fee Drops
12.7.2023
According to Santiment, Ethereum gas fees have experienced a notable decrease that could put ETH in a breakout range of $1,900.
This decline in transaction costs is a much-needed respite, especially considering the sudden fee surge observed earlier this month.
In the early days of July, users...
MiCA's stablecoin transaction cap stifles crypto adoption, say lawyers
10.7.2023
With a $216 million cap to be imposed on stablecoins such as USDT and USDC, some say crypto adoption could be “stifled” under MiCA unless it changes
Bitcoin miners raked up $184M in fees in Q2, surpassing all of 2022
6.7.2023
It's been one of the most lucrative quarters for those that profit from Bitcoin transaction fees in nearly two years
Bitcoin Blockchain Clears Over 187,000 Unconfirmed Transactions Since Last Week
5.7.2023
Throughout the past week, the Bitcoin blockchain has successfully confirmed over 187,000 unconfirmed transactions, as shown by recent statistics. This has not only reduced a significant portion of the congestion but also led to a decrease in onchain fees within the same period. Bitcoin Fees...
HSBC trialing quantum-safe financial transaction network in the UK
5.7.2023
The venerable British bank became the first to join BT (formerly British Telecom) and Toshiba’s secure quantum “metro” network in the United Kingdom
Crypto Exchange Kraken Ordered to Submit User Transaction Data to IRS – Here's the Latest
2.7.2023
Cryptocurrency exchange Kraken has been ordered by a judge to submit a vast amount of user information to the Internal Revenue Service (IRS) for an investigation into potential tax evasion.
The United States District Court for the Northern District of California issued the order on Friday...
Court Orders Kraken to Turn Over History Transaction and Account Information to IRS
30.6.2023
A federal court ordered crypto exchange Kraken to turn over account and transaction information to the IRS, which said it needed that information to see if any of the exchange's users had underreported their taxes
Ledger Unveils Tradelink: A Custodial Crypto Trading Platform Tailored for Institutions
28.6.2023
On June 28, the crypto hardware wallet manufacturer and security firm Ledger unveiled its latest offering, a digital currency exchange and custodial solution service, specifically tailored for institutions. The new service, known as Tradelink, has been heralded by Ledger as “the first open network...
Bitcoin’s Average Transfer Fee Surged 92% in 4 Days With More Than 330,000 Unconfirmed Transactions in the Backlog
22.6.2023
With 13.15 million ordinal inscriptions on the Bitcoin blockchain, demand has continued to keep network transfer fees high, as the average fee to transact onchain is 0.00012 BTC or $3.54 per transaction. Moreover, since June 18, 2023, average fees on the Bitcoin blockchain have increased by more...
Kyber Network Expands to zkSync Era: Deploying KyberSwap Aggregator and Classic Liquidity Protocols
22.6.2023
Kyber Network, a pioneer in the decentralised finance (DeFI) space, is excited to announce the deployment of its flagship product, KyberSwap, on zkSync Era. The deployment of KyberSwap Aggregator and Classic Liquidity Protocols on zkSync marks the 14th chain integration for Kyber Network, providing...
Exploring the World of Rare Satoshis: Collectors Embrace the Value of Unique Bitcoin Artifacts
21.6.2023
With 13 million Ordinal inscriptions linked to the Bitcoin blockchain, enthusiasts have turned their attention to a distinct digital artifact subject known as “rare satoshis” or “satributes.” The latest trend involves collectors assigning greater worth to satoshis...