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Bitcoiner Pays $3.1 Million Transaction Fee; Analysts Debate Possible Factors


Source: Pixabay / Michael Wuensch A Bitcoin (BTC) user has reportedly paid $3.1 million in transaction fees to transfer 139.42 BTC sparking vast community reactions and opinions by on-chain analysts. On-chain data on Nov 23 shows a Bitcoiner paid a shocking transfer fee of 83 BTC approximately $3.1...

Grayscale Updates Bitcoin ETF Prospectus After Discussing with SEC


Grayscale continues efforts to secure regulatory approval for a Bitcoin ETF. Image by Ascannio, Adobe Stock. On Wednesday, digital asset manager Grayscale submitted an updated prospectus to the Securities and Exchange Commission (SEC) for converting its Grayscale Bitcoin Trust into a spot bitcoin...

Satellite Images Show Bhutan’s Secret State-Owned Bitcoin Mining Facilities


Image Source: Pixabay Satellite images have uncovered Bhutan’s undisclosed state-owned Bitcoin (BTC) mining operations.  The landlocked Himalayan nation, known for its seclusion and breathtaking landscapes, has transformed itself into a crypto haven under the rule of King Jigme Khesar Namgyel...

Bitcoin Hash Rate Taps All-Time High Ahead of Next Year’s Halving


Source: Pexels Bitcoin’s (BTC) hash rate is at an all-time high few months away from the next halving with bulls anticipating another run to wipe the losses of the bear market. According to data from blockchain.com, the Bitcoin hash rate hit 491 exahashes per second (TH/s) on Nov...

Is the world’s response to Crypto defining the future of mass adoption?


With their leader, Bitcoin, at the forefront, Cryptocurrencies have emerged as a feasible alternative to the established and outdated centralized financial system. The global impact of this phenomenon is evident in the diverse reactions from various countries and regions. While certain nations...

SEC Meets with Grayscale to Discuss Spot Bitcoin ETF Listing


Source: Grayscale The U.S. Securities and Exchange Commission (SEC) has recently held discussions with Grayscale about converting the Grayscale Bitcoin Trust (GBTC) into its spot Bitcoin exchange-traded fund (ETF). A memorandum published by the SEC indicates that officials from the agency’s...

Bitcoin Price Prediction: BTC Surge Over $37,000 Amid Record Transactions


In a remarkable turn of events, Bitcoin’s price surged to $37,444, marking nearly 1% increase on Tuesday, signaling robust investor confidence and market dynamics. This notable ascent coincides with significant developments in the cryptocurrency sphere, including Tether’s unprecedented...

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