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93 Blocks, $71 Million in Fees: Bitcoin Mining Revenue Booms Post-Halving
20.4.2024
Since the halving, miners have successfully extracted 93 blocks, accumulating a significant 1,087.99 bitcoins valued at approximately $71.04 million solely from transaction fees. As of 2:00 p.m. EDT on Saturday, the current metrics indicate a high-priority transaction cost of 492 satoshis...
Bitcoin Halving, Runes Proliferation Results in Historic Fee Increases, Crypto Community Reacts
20.4.2024
Following the Bitcoin halving event, onchain fees climbed to over $240 per transaction just an hour later, and as of now, a high-priority transfer costs between $52 and $78 per transaction at 10:30 a.m. Eastern Time on Saturday. The increasing fees have prompted a flood of comments from individuals...
Bitcoin Price Prediction as ‘Bitcoin Halving’ Executes Successfully – Will a New Bull Market Start Now?
20.4.2024
Post-halving, Bitcoin stabilizes at $64,000; experts speculate whether this marks the beginning of a bullish surge or a prelude to more stable valuations
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Bitcoin Halving Sparks Next Bull Run: Cogwise Leads the Charge in Financial Prediction
20.4.2024
In the ever-evolving landscape of cryptocurrencies and financial markets, few events generate as much anticipation and excitement as the Bitcoin halving. As this phenomenon approaches, there’s a palpable buzz in the air, with enthusiasts and investors alike speculating about its potential...
Bitcoin Market Update: Post-Halving Price Dynamics and Market Movements
20.4.2024
Bitcoin’s market value has experienced significant shifts following the recent halving event at block height 840,000, which saw onchain fees soar beyond $240 per transaction. This pivotal change coincides with a notable fluctuation in price, demonstrating a complex interplay of supply...
Analyzing Bitgert coin’s potential after the Bitcoin halving
20.4.2024
What if someone told you that there is a coin that can get to a level much higher than Bitcoin in the future? Well, that is what Bitgert’s BRISE coin aims to achieve in the next few years. The Bitgert chain is here to revolutionize the blockchain world and on the other hand, the BRISE …
Runes Proliferate on Bitcoin, Sparking New Token Sales on Specific Markets
20.4.2024
In the 12 hours following the introduction of the Runes protocol, bitcoin miners have collected substantial fees as the rush to mint runes now dominates block space. Presently, numerous runes exist on the Bitcoin blockchain, with several being offered on marketplaces such as Okx and Magic Eden....
Grayscale Reveals 0.15% Fees For Its Bitcoin Mini Trust ETF
20.4.2024
Bitcoin ETF provider Grayscale has provided some illustrative details of its spin-off fund, the Bitcoin Mini Trust (BTC), including a more competitive 0.15% fee than the uplisted mothership GBTC product, according to a pro forma financials in its latest filing
Bitcoin Miners Smash Previous Revenue Records Post-Halving; Over $54M Collected in 60 Blocks
20.4.2024
Since the halving, 63 blocks have been mined, and bitcoin miners have accumulated substantial fees following a dramatic increase in the fee rate. This surge took the cost per transaction from $18 to over $245, recorded at 9:00 p.m. EDT on Friday evening. Since then fees have dropped and by Saturday...
Nigerian Central Bank Governor Denies Using Forex Reserves to Defend Local Currency
20.4.2024
The Nigerian central bank governor has refuted claims that the bank is using the country’s foreign exchange reserves to shore up the naira. The governor attributes the decline in reserves to debt repayments and other payments, which are made because they help to maintain Nigeria’s...
Reserve Bank of New Zealand Releases Digital Currency Consultation Paper
20.4.2024
The Reserve Bank of Zealand has said the proposed digital version of the country’s physical cash would provide universal access to central bank money, either in physical cash or digital form. According to the central bank, the digital version will not only be government-backed but will also...
Morgan Stanley: US Dollar Has No Credible Challengers; Reserve Currency Status to Endure
20.4.2024
The U.S. dollar is likely to remain the world’s dominant reserve currency due to the absence of credible challengers. Morgan Stanley suggests that the Chinese yuan, often considered a potential rival to the U.S. dollar, currently falls short and is unlikely to dethrone the greenback. Reserve...
Worldcoin Rejects Buenos Aires’ Claims Regarding Abusive User Contract Clauses
20.4.2024
Worldcoin, the digital biometric identification project, has rejected the claims made by Buenos Aires regarding possible infringements of customer protection laws. The organization told local sources that it answered Buenos Aires’ requirements since January to show the transparency...
Legendary Boxer Mike Tyson Joins Blockchain Social Network
20.4.2024
Boxing legend Mike Tyson has become an ambassador for the blockchain-based social networking app, Ready to Fight. Tyson describes Ready to Fight as a boxing-centric social network that assists boxers and the boxing community with their business needs. RTF Aims to Revolutionize the Boxing Ecosystem...
Runes Protocol Launches on Bitcoin, Sending Fees Soaring as Users Rush to Mint Tokens
20.4.2024
After Halving Event, Bitcoin Transaction Fees Soar to Over $240
20.4.2024
Upon reaching block height 840,000, when the mining pool Viabtc collected 37.626 bitcoin in fees worth $2.39 million, the expense for onchain transfers climbed, surpassing $240 per transaction. Block 840,003 recorded 16.06 bitcoins in fee payments, and block 840,004 accumulated 24 bitcoins in fees...
Bitcoin Rally Holds Around $63,700 Following 4th Block Reward Halving
20.4.2024
Bitcoin Blockchain Undergoes Fourth Halving in 15-Year History, in Show of Monetary Policy Set by Code
20.4.2024
Soccer has the World Cup. Athletics and many other sports have the Olympics. Crypto has the halving. The milestone in the blockchain's 15-year history technically means a cut in rewards for crypto miners with each block – a feature designed to minimize inflation
Halving Milestone: Block 840,000 Mined, Ushering in a New Chapter as Bitcoin Miners Face Shrinking Rewards
20.4.2024
At 8:12 p.m. ET on Friday., April 19, 2024, the Bitcoin network marked its fourth block reward halving at block height 840,000. Block 840,000 was mined by Viabtc, securing the notable ‘epic satoshi’ for the fortunate mining pool and a 3.125 BTC reward. The Halving Is Now Complete...
Is The Bull Market Over Before The Bitcoin Halving? Glassnode Report
20.4.2024
The Bitcoin halving is not that significant for price, though on-chain metrics suggest that Bitcoin hasn't quite reached bear market territory.
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