Search
Sleeping Bitcoin Wallet Transfers 1,000 BTC Worth Over $56M After a Decade
6.7.2024
On Friday, July 5, 2024, at 8 p.m. EDT, as bitcoin’s price hovered around $56,500 per unit, a dormant wallet, created on Nov. 24, 2013, transferred over 1,000 BTC, valued at $56.5 million, at block height 850,855. Long-Inactive Bitcoin Wallet Transfers Over $56M At 8 p.m., or Bitcoin block...
Kucoin to Implement 7.5% VAT on Transaction Fees for Nigerian Users
5.7.2024
Nigeria-based KuCoin users will begin being levied a 7.5% value-added tax (VAT) on transaction fees starting on July 8. Some observers believe that Kucoin’s decision to implement this tax is intended to enhance its chances of securing an operating license. A Lagos-based crypto industry player...
Mt Gox Trustee Transfers $2.7B in Bitcoin, Creating 19th Largest BTC Wallet
5.7.2024
On Thursday, the trustee overseeing the Mt. Gox bitcoins transferred about 47,228.73 BTC to an undisclosed address. The transfer, valued at approximately $2.7 billion, leaves Mt. Gox with around 141,687 BTC worth nearly $8.1 billion. This significant transaction came after several test transfers...
South Korean government to launch crypto transaction monitoring system
4.7.2024
Crypto exchanges subject to a new South Korean law have implemented a system allowing authorities to receive reports on suspicious transactions
KuCoin VAT charge raises concerns among Nigerian crypto community
3.7.2024
The approving authority behind this taxation remains unclear, whether it's the Nigerian government or an agency like the Federal Inland Revenue Service (FIRS)
Coinmetrics Report: Bitcoin Mining Faces Turbulence in Q2 2024
2.7.2024
Bitcoin miners experienced a challenging second quarter in 2024, marked by a 7% decline in hashrate following the halving event. Despite this, the industry saw significant efficiency improvements and notable market activity, according to a Coinmetrics report. Bitcoin Mining Faces Pressures...
Aave DAO Launches GHO Stablecoin on Arbitrum Network
2.7.2024
Aave DAO has introduced its multi-collateralized stablecoin, GHO, on the Arbitrum network. This move marks the first step in the DAO’s phased strategy for cross-chain expansion. Aave DAO Begins Cross-Chain Expansion With GHO on Arbitrum According to an announcement, Aave DAO has launched...
Low Bitcoin and Ethereum fees may not necessarily be good news
2.7.2024
Bitcoin and Ethereum users are experiencing exceptionally low fees, but why?
Runes TXs on Bitcoin have tanked over 88% this month
30.6.2024
Bitcoin miners have earned less than 2 Bitcoin combined from Runes transactions over the last six straight days — an enormous drop from its record 884 Bitcoin on April 24
CleanSpark acquires GRIID for $155M stock transaction
27.6.2024
CleanSpark has acquired GRIID in an all-stock transaction. The deal is expected to add more than 400 megawatts to the company’s power grid over two years
Despite Fee Reduction, Bitcoin Network Faces Stubborn Transaction Backlog
27.6.2024
Bitcoin transaction fees have stayed below $7 since Jun. 9, 2024, and have fallen under $3 in the last five days. Even with this decrease in fees, over 200,000 unconfirmed transactions have persisted in the backlog, as the queue has not come close to clearing since October 2023. Bitcoin’s...
Bitcoin and Ethereum transaction fees plummet to lowest level in 7 months
24.6.2024
In 2024, Bitcoin transaction fees have stayed relatively low, particularly since the April Bitcoin halving, which reduced the BTC mining reward by half
Bitcoin reclaims blockchain dominance post-BTC halving
21.6.2024
Bitcoin’s blockchain bandwidth usage surpasses 90% post-halving, driven by new token standards and increased transaction volume
Stablecoin transfer volume increased by 16x during past 4 years
19.6.2024
Increased stablecoin usage could be a sign of growing crypto adoption for a maturing industry
Bitcoin block size hits yearly low: Impact of BTC halving?
19.6.2024
Despite Bitcoin’s block size hitting a yearly low, the Runes minting market continues to show strong activity and profitability
Turkey targets Crypto with new 0.03% transaction tax
14.6.2024
Turkey introduced a 0.03% tax on crypto transactions as part of a major fiscal reform to address the budget deficit caused by recent earthquakes
Bitcoin Runes outperforms BRC-20 in onchain activity
12.6.2024
Since April 2024, Runes have led Bitcoin network activity, outpacing both Ordinals and BRC-20 in transaction share
MultiversX boosts layer-2 transaction speed with Sovereign Chains
11.6.2024
Existing L2 networks can increase their transaction and smart contract throughput by 100 times by utilizing Sovereign Chains
Rapid Fluctuations in Bitcoin Fees Cause Brief Spike in Hashprice
9.6.2024
Bitcoin’s hashprice, representing the anticipated value of one petahash per second (PH/s) per day of hashing power, climbed to $95 per petahash on June 8, marking the highest level since the halving. The increase derived from a rise in onchain fees. However, by the following day, bitcoin...
Bitcoin network transaction fees temporarily soar to nearly $52
7.6.2024
The network is currently experiencing temporary congestion due to over 300,000 unconfirmed transactions waiting to be processed on Friday morning