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Hashrate Climbs 25 EH/s in 8 Days as Bitcoin Miners Adjust to Network Difficulty Reduction
18.8.2024
While Bitcoin’s hashprice has been languishing below $44 per petahash per second (PH/s) each day, the network’s hashrate is beginning to climb once more. Between Aug. 9 and Aug. 17, the hashrate increased from 612 exahash per second (EH/s) to 637 EH/s, adding 25 EH/s over eight days....
Microstrategy’s Bitcoin Holdings Catch Up to Theoretical Ether Profits Without Staking
17.8.2024
After Michael Saylor, Microstrategy’s executive chairman, disclosed that the company now holds 226,500 BTC valued at $13.4 billion, it turns out the firm’s bitcoin (BTC) holdings have gained 61% profit. Interestingly, while blockchaincenter.net’s ‘There Is No Second...
Remembering Hal Finney’s Vision: The 20th Anniversary of Reusable Proofs of Work
17.8.2024
This week marks the 20th anniversary of Hal Finney’s introduction of Reusable Proofs of Work (RPOW), a groundbreaking concept that paved the way for today’s digital currencies. Finney’s visionary work continues to echo throughout the cryptocurrency community, underscoring...
Dormant Bitcoin Wallet From 2014 Moves $10.2M—After a Decade
16.8.2024
On Aug. 16, 2024, with bitcoin (BTC) hovering above the $58,000 mark, a bitcoin wallet that had been untouched since Jan. 8, 2014, moved 174.88 BTC for the first time in over a decade. Back when the funds were initially secured by the P2PKH (Pay to Public Key Hash) address, they were valued...
Tough Times for Bitcoin Miners: First Half of August Yields Just a Fraction of July’s Profits
15.8.2024
With the first half of August in the rearview mirror, it’s clear that bitcoin miners are facing a challenging month, having only accumulated 36.36% of the total revenue they made in July. A combination of bitcoin’s price fluctuations and reduced onchain fees has left miners in a much...
Massive $593.5M Bitcoin Move: US Government Shifts Silk Road Stash to Coinbase Prime
14.8.2024
A transaction unearthed by Arkham Intelligence revealed that bitcoins linked to the Silk Road have been moved to Coinbase Prime. “10K Silk Road BTC ($593.5M) moved to Coinbase Prime,” Arkham posted on X. The firm further explained, “Wallet bc1ql received 10K BTC from a known...
7 Indicted in $300,000 Queens Bitcoin Theft, Say Prosecutors
14.8.2024
Seven individuals have been indicted for stealing over $300,000 in bitcoin from a Queens resident. The charges against them include grand larceny, money laundering, and identity theft, stemming from a lengthy investigation into a cryptocurrency wallet hack. Using advanced hacking techniques,...
Bitcoin Holders Tighten Their Grip, Glassnode’s Latest Report Reveals
14.8.2024
The latest onchain report from the analytics firm Glassnode highlights a resurgence in the holding (referred to as ‘HODLing’ in the report) behavior among bitcoin market participants, particularly long-term holders, despite the ongoing market volatility. Onchain data reveals that...
Internet Computer Protocol Implements Threshold-Schnorr Signatures, Enhancing Bitcoin Integration
13.8.2024
The Internet Computer Protocol (ICP) has integrated threshold-Schnorr signatures and onchain Bitcoin block headers as part of its Deuterium milestone. This development aims to expand the utility of Bitcoin within the decentralized economy, allowing for new applications previously hindered...
Several 2017 Wallets Reactivate in August: $28.2 Million in Bitcoin on the Move
4.8.2024
In July, numerous dormant bitcoin wallets, established in 2017, showed substantial activity. This trend continues into August, with 467.63 BTC spent so far, amounting to approximately $28.2 million. Millions on the Move: What’s Behind the Reawakening of 2017 Bitcoin Wallets? Last month...
July NFT Sales Plummet for Second Consecutive Month
2.8.2024
In July, the non-fungible token (NFT) market experienced a 36.6% drop in sales compared to June. Over the month, NFT sales reached $429.46 million, while the number of NFT buyers fell by 46.24% from the previous month. NFT Market Sees Continued Decline in July With Fewer Buyers and Sellers July...
Bitcoin Network Faces Toughest Mining Difficulty Increase Since 2022
31.7.2024
The Bitcoin network has recently experienced its most significant difficulty adjustment since October 2022, with a 10.5% increase driving the metric to a record 90.67 trillion. This heightened challenge, combined with falling bitcoin prices, is intensifying the strain on miners. Miners Struggle...
Mempool.space Introduces New Bitcoin Transaction Accelerator With Major Mining Pools
30.7.2024
This week, the open-source bitcoin explorer and onchain parser, mempool.space, unveiled its new bitcoin transaction accelerator. The team shared on X that it has collaborated with several major mining pools that contribute significantly to the network’s overall hashrate. Mempool.space...
US Government Transfers $2 Billion in Bitcoin to Unknown Wallet
29.7.2024
According to onchain data, a Department of Justice (DOJ) labeled bitcoin wallet transferred 29,799.99 BTC, valued at just over $2 billion. This move by the U.S. government follows Germany’s sale of its bitcoin and a growing belief among U.S. politicians that seized coins should be held...
7-Year-Old Sleeping Bitcoin Wallet Activates, Transfers $14M in BTC
29.7.2024
Before bitcoin (BTC) hit an intraday peak of $70,016 per unit on Bitstamp on Monday, a dormant bitcoin wallet from July 27, 2017, moved 210 BTC, valued at over $14 million. 2017 Bitcoin Wallet Activity Resurfaces, 210 BTC Moved Ahead of $70K Peak In recent days, several long-inactive bitcoin...
Bitcoin 7-Day Hashrate Average Hits Record 677 EH/s, Surpassing May 25 High
28.7.2024
According to recent data, bitcoin’s total hashrate achieved a record high this week, based on the seven-day simple moving average (SMA). On July 25, the hashrate, measured by the seven-day SMA, reached 677 exahash per second (EH/s), surpassing the 659 EH/s recorded on May 25. Bitcoin Hashrate...
Here’s what happened in crypto today
24.7.2024
Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation
Here’s what happened in crypto today
23.7.2024
Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation
TON Foundation to Launch Bitcoin Bridge on The Open Network
18.7.2024
The TON Foundation has announced the upcoming launch of TON Teleport BTC, a bridge designed to facilitate trustless and secure transfers of bitcoin to and from The Open Network (TON). This initiative aims to expand bitcoin’s utility by enabling its use in decentralized finance (defi)...
Hiro Systems Applauds SEC Decision to Close Stacks Investigation
12.7.2024
The U.S. Securities and Exchange Commission (SEC) has concluded its investigation into Stacks, a Bitcoin scaling network, and its original developer, Hiro Systems, with no recommended enforcement actions. This investigation began in 2021 despite claims by network contributors that Stacks’...