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Bitcoin User Unwittingly Pays $3.1 Million in Single Transaction Fee
23.11.2023
Onchain data reveals a staggering incident where a bitcoin user inadvertently paid a fee of 83.65 BTC, amounting to a costly mistake of $3.1 million, in a single transaction. This blunder occurred in block 818,087, mined by Antpool, marking the highest fee ever recorded on the Bitcoin blockchain....
Digital Asset Miner Hut 8 Reports 44% Increase in Carbon Credits Amid Sector’s Energy Consumption – Mining Making a Comeback?
21.11.2023
Source: AdobeStock / Photocreo Bednarek Cryptocurrency miner, Hut 8 partnered with Sparta Group’s ERS International to establish neutral carbon emissions in 2025 and has recorded massive wins this year. The Canadian-based crypto miner joined the carbon credit program with a vision toward 2025...
Digital Asset Funds Record $176 Million Inflows as Market Rebounds: Here’s More
20.11.2023
Source: Adobe / Luisa The digital asset market continues to notch multiple wins in recent months as it recovers losses recorded in previous months with multiple assets soaring to yearly all-time highs. A new CoinShares Weekly Asset Flow report shows a massive increase in investor sentiments over...
Ethereum Exchange Outflows Exceed $1 Billion in 3 Weeks, IntoTheBlock Reports
20.11.2023
Ethereum sees significant exchange outflows as investors potentially eye long-term holds. Image by Dennis, Adobe Stock. A torrent of Ethereum has flowed out of centralized crypto exchanges and into private wallets over the past several weeks. ETH recorded $320M in exchange outflows this week,...
AVAX Soars Over 22% as Traditional Firms Increase Tokenization Efforts
20.11.2023
Avalanche (AVAX) has surged over 22% in the last seven data following partnerships with top financial giants to explore real-world asset tokenization. The network’s native token has recorded massive activity in recent weeks becoming one of the top gainers as the market rebounds. Data from...
Institutional Investors Flock to Bitcoin Pushing Inflows Past $1 Billion in 2023
14.11.2023
Source: Adobe / Alex Total inflows into traditional investment funds backed by crypto have finally passed the $1 billion mark for the year, after last week saw investors flocking to Bitcoin. For the week as a whole, crypto investment funds recorded inflows of $293 million, bringing the year-to-date...
Bitcoin Miners’ Daily Profits Top $44 Million, Reaches Highest Point Since April 2022
13.11.2023
Source: AdobeStock / Photocreo Bednarek The cryptocurrency market has recorded soaring prices in recent weeks sparking wins spanning across miners’ profits, decentralized finance (DeFi) numbers, and larger investor appetite. Global Bitcoin (BTC) miners have seen mining profits soar to new highs...
THORChain’s 7-Day Trading Volume Hits $1.32 Billion, Third to Uniswap and PancakeSwap
13.11.2023
Source / Sam Cooling THORChain, a decentralized crypto trading protocol capable of cross-chain swaps, has become the third-largest decentralized exchange (DEX) in terms of trading volume over the past seven days. Over the past week, THORChain recorded a trading volume of $1.32 billion, third...
Weekly Market Recap: Crypto Economy Surges to $1.4T as FTT and ORDI Outshine the Rest
11.11.2023
This week, the crypto economy climbed to the $1.4 trillion range as dozens of virtual assets witnessed gains. From November 4 to Saturday, November 11, 2023, several crypto assets recorded triple-digit weekly gains, and a great deal captured double-digit gains. This week, the top two gainers...
Bitcoin Fees Climb 150% in 3 Days as Block Space Grows More Expensive
9.11.2023
Transaction fees within the Bitcoin network have surged considerably, eclipsing the figures recorded merely three days prior. A transfer deemed high-priority, which formerly cost an average of $3.38, now demands a fee of $8.46. This significant increase was recorded on Thursday, November 9, 2023...
Bitcoin Flips Ethereum for the First Time in 24-Hour NFT Sales Shift
8.11.2023
On Wednesday, November 8, 2023, the Bitcoin blockchain saw its non-fungible token (NFT) asset sales surpass those on the Ethereum platform, marking a historic shift during a single-day span. According to the analytics provided by cryptoslam.io, Bitcoin-based NFT transactions amounted to $17.17...
Spot Trading Volumes Surge in October, Reaches Highest Level Since January 2021: CCData Research
8.11.2023
Source: Pixabay Spot trading volumes on centralized crypto exchanges saw a significant surge last month, marking the highest month-on-month increase since early 2021. According to research from CCData, the total spot trading volume rose by 87.2% to $632 billion in October, the highest monthly...
Digital Asset Funds Record $261 Million in Inflows, Marking Gains for the Sixth Consecutive Week
7.11.2023
The cryptocurrency market continues to pull strings of outsized inflows in recent weeks as investors set sights on a spot Bitcoin (BTC) Exchange Traded Fund (ETF). According to a new CoinShares Market Flow report, the total market products recorded gains of $261 million, its sixth consecutive week...
Bitcoin’s Ordinal Inscriptions Surge to Second-Highest Daily Count, Causing BTC Transaction Spike
5.11.2023
As September 2023 waned, there was a noticeable dip in the creation of Ordinal inscriptions, but as the month of October closed, a significant rebound occurred. This upward trend peaked on November 4, 2023, when the Bitcoin blockchain recorded the second-highest daily total of Ordinal inscriptions...
Crypto Gainers and Losers: This Week’s Market Snapshot
4.11.2023
This week, while bitcoin and ethereum decelerated, they still managed a modest uptick of 2-3% against the U.S. dollar. Meanwhile, a roster of around 50 cryptocurrencies recorded double to triple-digit gains during the same seven-day span. In the race of gains from Saturday, October 28, to Saturday...
Jack Dorsey’s Block Reports Strong Q3 Earnings; Profits from Bitcoin Holdings Surge
3.11.2023
Block, the Bitcoin-focused fintech company led by Jack Dorsey, reported robust financial results for the third quarter of 2023, surpassing analyst expectations and marking a profitable period. The firm recorded $5.62 billion in revenue for Q3 2023, a notable achievement driven by strong growth...
Bitcoin Miners Record 10% Stock Growth As Asset’s Price Surge
3.11.2023
The price growth in the cryptocurrency market has resulted in big wins for several sectors including Bitcoin (BTC) miners, blockchain-based firms, and yield farmers. Bitcoin miners have recorded over 10% stock growth as the asset’s price trades near $35,000, close to its 17-month high. ...
Crypto VC Investments Continue to Take a Hit, Drop Another 10% MoM
1.11.2023
There has been a significant decline in publicly disclosed investment projects by crypto venture capitalists (VCs) during the month of October. Data from RootData indicate a 10% month-on-month decrease, with only 75 investment projects recorded compared to 83 projects in September 2023, as reported...
DeFi Market Soars to $42 Billion, Rises by $6.2 Billion in Just Two Weeks – Is The Bull Market Here Again?
30.10.2023
The digital asset market has recorded several wins this month with Bitcoin (BTC) hitting a 16-month high and surging activities around decentralized finance (DeFI) applications. According to data from DefiLlama, the total value locked (TVL) on DeFi protocols has soared to $42 billion, marking...
Binance’s Stablecoin BUSD Market Capitalization Slides 90% from Peak – Will it Affect Binance Exchange?
26.10.2023
Binance USD (BUSD) , the stablecoin issued by Paxos for crypto exchange Binance, has seen a decline in market capitalization of more than 90% from its peak last year. According to CoinGecko data, BUSD’s market cap has plummeted from an all-time high of $23.5 billion, recorded on November...