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Africa Moves to Lightning, Stablecoins as Bitcoin Transaction Fees Soar
9.5.2023
Those already using stablecoins and lightning transactions are not affected, but for many in Africa, higher bitcoin fees are a problem
Binance Announces Lightning Network Withdrawal Implementation Amidst Bitcoin Network Congestion Issues
9.5.2023
Binance has announced its intention of implementing Lightning Network, a layer 2 Bitcoin scaling protocol, on its platform after experiencing an episode of congestion regarding withdrawals on the Bitcoin network. The exchange had to pause bitcoin withdrawals twice due to a large backlog...
Crypto Trader Pays $120K in Fees to Buy $156K of Meme Coin Four
9.5.2023
The move worked out in the end as the entity is sitting on a fat profit of several hundred thousand
Worth it? Trader spends $120K on gas buying $155K worth of a memecoin
9.5.2023
A user spent an additional 76% of their total purchase price in gas fees on a single memecoin trade
Ordinals Upend Bitcoin Mining, Pushing Transaction Fees Above Mining Reward for First Time in Years
9.5.2023
Several mining pools such as Luxor Technologies and AntPool mined blocks on Monday where fees exceeded Bitcoin’s block subsidy of 6.25 BTC
PEPE Meme Coin Craze Spreads Wealth to Ethereum Validators Running Blockchain
8.5.2023
As risk-taking crypto traders sought to make tremendous profits off of surging prices for the suddenly-hot PEPE, a resulting surge in transaction fees brought a windfall to validators running the Ethereum blockchain
Average Bitcoin Transaction Fees Skyrocket to $19.20 per Transfer as Over 440,000 Transactions Remain Unconfirmed
8.5.2023
Bitcoin transaction fees have surged significantly in the past 24 hours, with the average fee reaching $19.20 per transfer. The increase in fees can be linked to a backlog of transactions trapped in the mempool, as over 440,000 unconfirmed transactions are currently awaiting confirmation. Block...
Binance 'FUD' meets CPI — 5 things to know in Bitcoin this week
8.5.2023
A spike in transaction fees and repeated BTC withdrawal outages at Binance provide a fraught backdrop to a week of Bitcoin volatility triggers
'Bitcoin is not under attack:' BTC maxis allay fears of a DoS offensive
8.5.2023
Concerns circulated on Crypto Twitter of a denial of service (DoS) attack on the Bitcoin network
Bitcoin Network Overwhelmed by 390,000 Unconfirmed Transactions and Surging Fees
7.5.2023
In just under two weeks, the number of unconfirmed transactions on the Bitcoin network has skyrocketed from 134,000 to over 390,000, causing a bottleneck in the mempool. This surge in unconfirmed transactions has resulted in a staggering 343% increase in transaction fees, which have risen from...
Memecoin sends BTC fees to the moon, miner profits top $50B and more: Hodler’s Digest, April 30-May 6
6.5.2023
Memecoin hype fuels Bitcoin transaction costs, BTC miners block rewards surpass $50 billion and AI’s “Godfather” warns of technology dangers
Bitcoin Transaction Fees Surge to 2-year Highs – Where Next for the BTC Price?
6.5.2023
The mean fee to conduct a transaction on the Bitcoin network just shot to its highest level in nearly two years, as per data presented by crypto on-chain analytics firm Glassnode.
On Friday, the average transaction fee clocked in at 0.00032814 BTC, up more than ten-fold from a dip to 0.00003161...
Crypto Miners Pay Kazakhstan $7 Million in Taxes Amid Uncertain Future for Sector
6.5.2023
The government of Kazakhstan has collected over $7 million in taxes this and last year from enterprises mining cryptocurrency in the country. The news comes amid growing regulatory pressure that is limiting the industry’s access to low-cost energy while increasing its tax burden. Miners Face Higher...
Memecoin hype drives Bitcoin transaction fees to multi-year highs
5.5.2023
Despite the latest spike in Bitcoin transaction fees, the current BTC transaction cost is still far from the all-time high levels
What is profit and loss (PnL) and how to calculate it
5.5.2023
PnL refers to the financial gain or loss from buying and selling cryptocurrencies. To calculate it, use various method like the FIFO, LIFO, YTD, and more!
Bitcoin’s Frenzy of Activity Pushes Average Transaction Fee Over $7, Nearly 2-Year High
4.5.2023
The average transaction fee on Bitcoin has shot above $7, pushing total fees up nearly five-fold in two weeks– thanks to a surge in Ethereum-style “BRC-20” tokens and NFT-like “inscriptions” on the increasingly popular Ordinals project
Bitcoin Miners Breathe a Sigh of Relief as Difficulty Drops 1.45% After Five Consecutive Increases
4.5.2023
Bitcoin’s network has been putting miners through the wringer lately, with five straight difficulty increases that had them on edge. However, on May 4, 2023, at block height 788,256, the network difficulty level took a dip, dropping by 1.45% and bringing the overall difficulty down to 48.01...
BRC20 Token Standard Sparks Frenzy in Bitcoin Community With Market Cap Surpassing $95 Million
3.5.2023
As of May 3, 2023, the Bitcoin blockchain has witnessed a staggering 3.35 million Ordinal inscriptions, and a new experimental token standard known as “Bitcoin Request for Comment,” or BRC20, has garnered substantial attention in the past week. With 10,487 BRC20 tokens built using...
Bitcoin miners earned $50B from BTC block rewards, fees since 2010
3.5.2023
They may have seen some hard times, but overall, estimates conclude that Bitcoin miners are up 37% from their activities
FTX advisors billed the bankrupt firm for a whopping $103M in Q1
3.5.2023
After Sullivan & Cromwell, Consulting firm Alvarez & Marsal billed the second largest invoice for its finance and accounting work