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Historic Drop in Bitcoin Revenue Leaves Miners Struggling
4.8.2024
After peaking at 677 exahash per second (EH/s) on July 25, Bitcoin’s network hashrate declined to 629 EH/s as of Aug. 4. The recent uptick in Bitcoin’s mining difficulty, coupled with the subsequent drop in its price, has driven bitcoin mining revenue to record lows. Monthly Bitcoin...
Galaxy Research warns of sustainability issues for Bitcoin layer-2 rollups
4.8.2024
The future of Bitcoin rollups will depend on continued innovation and optimization in data compression and scalability
Bitcoin Mining Squeeze: July Revenue Hits Lowest Monthly Intake of the Year
3.8.2024
In July, bitcoin miners earned $951.11 million, marking the lowest monthly revenue of the year. Out of this total, $24.9 million was generated from transaction fees, reflecting a trend of low onchain fees. July Bitcoin Mining Revenue Plummets to a 2024 Low The month was particularly challenging...
Polymarket founder hints at potential fees in the future
1.8.2024
Polymarket might add fees to its platform in the future, but it is currently focused on growing the marketplace, according to the CEO
Polymarket founder hints at potential fees in the future
1.8.2024
Polymarket might add fees to its platform in the future, but it is currently focused on growing the marketplace, according to the CEO
South Korean crypto exchanges face unexpected supervisory fees
1.8.2024
Introducing supervisory fees marks a crucial step toward increased regulation and oversight
South Korean crypto exchanges face unexpected supervisory fees
1.8.2024
Introducing supervisory fees marks a crucial step toward increased regulation and oversight
What needs to happen for Ethereum (ETH) price to reach $4K?
1.8.2024
Ethereum’s Achilles heel is institutional adoption, scalability, and sustainable DApp ecosystem growth
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...
Solana beats Ethereum in weekly total fees for the first time — Research
29.7.2024
On July 28, Solana topped $5.5 million in daily total fees, the highest for the network in three months
Ethereum and layer-2 addresses surge 127% this year — Glassnode
25.7.2024
While Bitcoin saw a 20% drop in daily active addresses in Q2 2024, Ethereum and L2s posted a 127% increase in such addresses in H1 2024
TON introduces gasless fees with new smart wallet
25.7.2024
The W5 smart wallet will allow gasless transactions on the TON blockchain using USDT and Notcoin, enhancing user experience and accessibility
AgriDex Settles First Agricultural Trade on Solana Blockchain
24.7.2024
AgriDex, a Solana-based marketplace aiming to bring the global agricultural market on-chain by tokenizing various crops has settled its first agricultural trade on the Solana blockchain, it told CoinDesk on Wednesday
Spot Ethereum ETFs debut with over $1B in trading volume
24.7.2024
Bloomberg ETF analyst Eric Balchunas said the $625 million in trading volume excluding Grayscale’s ETHE was “healthy” and expects a “sizeable chunk” of that sum will convert to inflows
Spot Ethereum ETFs seen with over $1B in trading volume on debut
24.7.2024
Bloomberg ETF analyst Eric Balchunas said the $625 million in trading volume excluding Grayscale’s ETHE was “healthy” and expects a “sizeable chunk” of that sum will convert to inflows
Ethereum-Based Protocol Alkimiya Creates Market for Hedging Bitcoin Fees
23.7.2024
One question is whether the protocol can pull in loyal bitcoin users – or if it will eventually end up on an Ethereum-compatible layer-2 network atop Bitcoin
Bitcoin Runes protocol sees sharp decline in popularity
18.7.2024
The Bitcoin Runes protocol initially dominated daily transactions post-launch but is now seeing a decline, with BTC reclaiming its network dominance
21Shares Ether ETF to waive fees for up to 6 months as issuers prep for listings
17.7.2024
21Shares joins other Ethereum exchange-traded fund issuers that are slashing fees to woo investors
Average Onchain Bitcoin Fees Drop Below $2, Lowest in Over 250 Days
14.7.2024
Since July 1, the average transaction fee on the Bitcoin blockchain has remained below $2, with current onchain fees at 15.5 satoshis per virtual byte (sat/vB), translating to $1.54 per transfer. Bitcoin Fees Hit 10-Month Low Onchain Bitcoin fees have fallen to levels not seen since October 2023...
Bitcoin transfer costs fall to 2020 lows
10.7.2024
Bitcoin transaction fees hit a four-year low on July 7, falling to $38.69. Miners remain profitable due to reduced network difficulty and lower computational power needs