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Turkey Rules out Taxes on Crypto Profits, Considers Limited Transaction Tax

6.6.2024
Turkish Treasury and Finance Minister Mehmet Simsek has stated that there are no current plans to impose taxes on profits from cryptocurrencies. However, he mentioned that the government is considering implementing a “very limited” transaction tax on these assets, though the specifics...

Bitcoin transaction value hits yearly high with $25B moved

3.6.2024
Bitcoin holders moved over 367,000 BTC on May 18, worth over $25 billion, recording a yearly high in the value of Bitcoin transactions

May Shatters Bitcoin Transaction Records, Highlighting a Year of Unparalleled Achievements

31.5.2024
According to recent data, May has set new records for milestones within the Bitcoin network. Following the record-breaking number of transactions confirmed on April 23, four of the top five days with the highest transaction counts settled on the Bitcoin blockchain occurred in May. 2024: A Banner...

Bitcoin’s Scaling Dilemma: Binance Report Sheds Light on BTC’s Enhancement Hurdles

30.5.2024
Amidst the backdrop of this year’s skyrocketing BTC transaction fees and a congested network, the latest Binance Research report, “The Future of Bitcoin #3 – Scaling Bitcoin,” unveils several approaches to addressing Bitcoin scalability. As average onchain fees have...

Shibarium’s New Checkpoint Mechanism Cuts Ethereum Bridging Time

30.5.2024
The Shiba Inu (SHIB) network development team has dramatically improved the Shibarium network, according to a post from the Shibarium network’s X account. The work reduces the token bridging time to Ethereum from seven days to roughly 45 minutes, aiming to enhance Shibarium’s operational efficiency...

PayPal Expands PYUSD to Solana Blockchain for Lower-Cost Transactions

29.5.2024
PayPal Holdings, Inc. announced the expansion of its stablecoin, PayPal USD (PYUSD), to the Solana blockchain to enhance transaction speeds and reduce costs, providing users greater flexibility and control. The post PayPal Expands PYUSD to Solana Blockchain for Lower-Cost Transactions appeared...

Ethereum Name Service Proposes Protocol Migration to Layer 2 to Reduce Gas Fees

29.5.2024
Domain naming system Ethereum Name Service (ENS) has proposed an ENSv2 upgrade migrating to Layer 2 to reduce gas fees and increase transaction speeds. The post Ethereum Name Service Proposes Protocol Migration to Layer 2 to Reduce Gas Fees appeared first on Cryptonews

Ethereum Name Service plans layer-2 migration to reduce gas fees, boost speed

28.5.2024
The proposed ENSv2 aims to lower gas fees and improve transaction speed by moving out of Ethereum and transferring to a layer-2 network

L1 Blockchain Aptos Sets New Transaction Record, Surpassing Solana with 115.4M Daily Transactions

27.5.2024
Aptos, a layer-1 blockchain platform developed by former Facebook employees, has set a new record in blockchain transactions. The post L1 Blockchain Aptos Sets New Transaction Record, Surpassing Solana with 115.4M Daily Transactions appeared first on Cryptonews

Onchain Fees for Bitcoin Drop to Six-Month Low

24.5.2024
Bitcoin transaction fees have reached their lowest point since early November 2023, roughly six months ago. The average fee is now about $2.77 per transaction, with low-priority to high-priority transfers costing between $0.38 and $0.95 per transaction on May 24. Bitcoin Transfer Fees Reach Lows...

Dormant Dogecoin Whale Becomes Active Again After A Decade

23.5.2024
After more than ten years of dormancy, an inactive Dogecoin (DOGE) Whale with a wallet balance of 893,303 DOGE (about $145,101) became active on May 22. It was the first transaction made by the account since May 2014. The post Dormant Dogecoin Whale Becomes Active Again After A Decade appeared...

Bitcoin Runes hype fades, transactions plummet 84%

23.5.2024
Bitcoin Runes protocol caused an initial surge in Bitcoin transactions, exceeding 50% at its peak. Did the hype clog clear out?

Dfinity Senior Scientist: Bitcoin’s Next Significant Wave of Innovation Will Revolve Around DAOs

22.5.2024
After the introduction of ordinals, BRC-20 tokens, and more recently, Runes, the next significant wave of innovation on Bitcoin will revolve around Decentralized Autonomous Organizations (DAOs). Aisling Connolly, the Senior Research Scientist at the Dfinity Foundation, has asserted this. He stated...

BlockDAG’s Innovative Dashboard Boosts Confidence, Eyes $30 Target by 2030, Overshadows Bittensor & TRON Bullish Trend

20.5.2024
BlockDAG‘s strategic initiatives have significantly elevated its profile in the cryptocurrency market, attracting a growing number of investors. By earning a remarkable $28.6 million as its presale reached batch 13, BlockDAG showcases the effective allure of its innovative Dashboard, which...

XRP Ledger Sees Over 100% Surge in Transaction Activity Amid Decline in Average Costs

20.5.2024
The XRP Ledger (XRPL) has experienced an increase in transaction activity, with the number of transactions more than doubling from the fourth quarter of 2023 to the end of the first quarter of 2024. The post XRP Ledger Sees Over 100% Surge in Transaction Activity Amid Decline in Average Costs...

Bitcoin’s Runes Protocol Hype Falls Short: Significant Drop in Activity and Fees

18.5.2024
It has been 29 days since the halving and the launch of the Runes protocol, and since May 1, Runes activity has been underwhelming, falling short of the expectations set months prior. Similarly, the trend of Ordinals inscriptions has significantly declined over the past month. Runes...

EOS Network Foundation Founder: Bitcoin Halving Spurs Development of Solutions Enhancing Network Efficiency

16.5.2024
With Bitcoin transaction fees recently becoming a more critical component of miner revenue, Yves La Rose, CEO of Exsat, believes there is “an increased incentive to adopt and develop solutions that enhance transaction throughput and network efficiency.” According to La Rose, this...