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As Ordinal Transaction Dominance Soars, NFT Advocates Question Bitcoin’s Reported Downturn
21.8.2023
Metrics reveal a significant day for the Bitcoin blockchain as 411,511 Ordinal inscriptions were minted Sunday, clinching the title of the second most prolific day for inscriptions ever. Additionally, over the past seven days, Ordinal inscriptions represented a hefty 53.9% of all transaction...
Bitcoin’s Transaction Backlog Surges Past 400,000
20.8.2023
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...
Kiyosaki: Buy Silver Before It’s Gone; Michael Burry Bets Against Stocks — Week in Review
20.8.2023
Rich Dad Poor Dad author Robert Kiyosaki urges buying silver before it’s gone, hedge fund manager Michael Burry has bet $1.6 billion on the stock market collapsing, and mining rig manufacturer Bitmain is set to reveal a cutting-edge BTC miner at the 2023 World Digital Mining Summit. This...
Bitcoin’s resilience: Insights into its price action and future
17.8.2023
In the ever-evolving landscape of cryptocurrencies, the second quarter of 2023 has emerged as a defining period for digital gold: Bitcoin. The data paints a vivid picture of Bitcoin’s triumphant ascent, with its price surging by an impressive 85% year-to-date (YTD). This surge not only...
Bitcoin's 2023 Bullish Trendline in Focus as Traders Search for Directional Clues
17.8.2023
A bullish trendline is a an upward-sloping diagonal line connecting two or more higher price lows
What is Bitcoin’s fee-to-reward ratio?
16.8.2023
The Bitcoin network’s fee-to-reward ratio refers to the proportion of the miner’s income coming from transaction fees compared to the total block reward
Dormant Since 2010, Bitcoin Address Awakens to Move 1,005 BTC Worth $29.7 Million
14.8.2023
On the morning of Monday, August 14, 2023, at the precise block height of 803,135, a dormant bitcoin address — created on November 9, 2010 — stirred to life. After lying in slumber for an exacting 12.9 years, it awoke to spend a staggering 1,005 bitcoin, a sum swelling to...
A Tumultuous August: Peaks and Valleys in Bitcoin’s Ordinal Inscription Saga
14.8.2023
Statistics reveal a continued trend in the number of Ordinal inscriptions, which recently eclipsed the 23 million mark. The month of August, however, has experienced two notable dips, each registering fewer than 100,000 inscriptions per day. These low points in August occurred specifically...
InQubeta thrives in presale amid Bitcoin’s sub-$30k performance, wooing institutional interest
13.8.2023
While Bitcoin (BTC) prices have failed to hold above the $30k mark multiple times this year, InQubeta (QUBE) has raised over $2.1 million in token sales despite how bearish cryptocurrency markets have been. Even institutional investors are starting to monitor the project’s market-defying...
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...
Unidentified Miners, F2pool Lead All-Time Bitcoin Mining Rankings: A Comprehensive Review of Bitcoin’s Historic Block Discovery
12.8.2023
Since the inception of the Bitcoin blockchain by Satoshi Nakamoto, the network has diligently processed in excess of 800,000 blocks. An examination of data from 99 distinct mining pools, spanning the previous 14 years, reveals that unidentified mining participants discovered 28.37% of...
Microstrategy’s Stock Soars 206% After Adopting Bitcoin Strategy
12.8.2023
Microstrategy’s stock (Nasdaq: MSTR) has risen 206% after the company adopted bitcoin as its primary treasury reserve asset. The business intelligence firm now holds 152,800 bitcoins, acquired for a total cost of $4.53 billion, and it has plans to buy even more. Microstrategy’s Stock...
Bitcoin Network’s Inherent Properties Can Be Leveraged to ‘Enhance the Security of PoS Chains’ — Babylon Chain CTO
11.8.2023
Fisher Yu, the co-founder and chief technology officer (CTO) at the bitcoin staking protocol Babylon Chain, has argued that when staking bitcoin, stakers “do not need to trust or give their bitcoins to any third parties.” According to Yu, such an attribute helps to “eliminate...
Bitcoin’s remarkable rise: Unveiling the second quarter triumph
11.8.2023
In the ever-evolving landscape of cryptocurrencies, the second quarter of the year has emerged as a defining period for the digital gold: Bitcoin. The data paints a vivid picture of Bitcoin’s triumphant ascent, with its price surging by an impressive 85% year-to-date (YTD). This surge...
Bitcoin Lightning Network is growing, but 3 major challenges remain
9.8.2023
The Lightning Network is growing, but liquidity issues and a need for greater user awareness continue to hinder mainstream adoption
What Is Crypto's 'Bart' Chart Pattern and Does It Mean Bitcoin's Price Is Heading Towards a Rally?
9.8.2023
Exploring Bitcoin’s future: factors, impact, and implications
9.8.2023
Bitcoin, a global phenomenon with far-reaching implications, was introduced as an experimental digital currency in 2009. The cryptocurrency’s decentralized nature, scarcity, and potential for financial innovation have generated widespread interest. As conventional financial systems experience...
Bitcoin's 'Taker Buy-Sell Ratio' Surges Signals Renewed Bullish Vigour
9.8.2023
The taker buy-sell ratio measures the buy volume divided by the sell volume of takers in perpetual swap trades
Analyzing Bitcoin’s price volatility impact on the crypto industry
9.8.2023
Price volatility continues to be a part of the crypto-economy, with no specific prediction about its conclusion. As for BTC, volatility is evident from the most recent numbers, wherein the token has slipped way below the expected mark of $30k. BTC was dancing around $65,000 in 2021, which is nearly...
Bitcoin’s Historic Surge: Record 682,281 Transactions in a Day Mark 2023 as Year of Increased Activity
6.8.2023
In a year marked by historic milestones, the Bitcoin network has recorded its most active period ever, processing the highest number of confirmed transactions per day. The network reached an all-time high on May 1, 2023, with 682,281 transactions. This unprecedented activity began its upward trend...