Following the latest halving event, the percentage of Bitcoin miner revenue generated from transaction fees has seen a significant decrease. According to a recent report from CryptoQuant, transaction fees now only account for 35% of total miner revenue, a stark difference from the 75% recorded just days before the halving took place. The fourth Bitcoin
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Upbit, a cryptocurrency platform based in South Korea, has established itself as a major player in the country’s crypto market. Responsible for over 80% of the trading activity in South Korea, Upbit has also emerged as one of the top five exchanges globally in terms of trading volume. This level of dominance has raised concerns
Institutional investors in Canada have significantly increased their exposure to cryptocurrency assets over the past year, as revealed by a recent survey conducted by accounting firm KPMG. The survey, titled “Institutional Adoption of Cryptoassets,” garnered responses from 65 participants, including 31 institutional investors managing assets exceeding $500 million, and 34 financial services organizations. The findings
The Bitcoin network recently achieved a significant milestone with its daily transactions peaking at 927,000, surpassing the previous record set in December 2023. This surge in activity was attributed to the launch of Runes, a new token standard on the Bitcoin blockchain, which has garnered substantial interest and utility in the world of cryptocurrencies. Runes
Jabara Igbara, widely known as “Jay Mazini,” once flaunted his wealth and success as a crypto millionaire on Instagram, amassing nearly one million followers with his extravagant displays of generosity. However, his facade of prosperity came crashing down when he was sentenced to seven years in prison by U.S. District Judge Frederic Block for wire
Bitcoin’s journey in 2022 was fraught with volatility and significant pullbacks, with the cryptocurrency experiencing a series of declines ranging from 21% to 23%. The bear market that gripped the market led to a substantial loss in value for BTC, causing it to plummet to $16,600, a level unseen since November 2020. The collapse of
Meme coins have been taking the cryptocurrency market by storm in recent months, with significant price increases seen across various tokens. While stalwarts like Dogecoin and Shiba Inu have shown more conservative gains, newer players like Bonk Inu and dogwifhat are making waves with impressive price spikes. As of today, meme coins like Bonk Inu,
Venezuela’s state-owned oil and gas company PDVSA has been in the news for its reported plans to accelerate the use of cryptocurrency, particularly USDT, to bypass US sanctions. This strategy, which began in 2023, includes integrating USDT for oil sales and mandating new customers to have a digital wallet holding cryptocurrency. The decision to ramp
In a groundbreaking announcement, Jack Dorsey’s fintech company Block Inc. revealed the completion of its highly anticipated advanced Bitcoin mining chip. This development marks a significant milestone for the firm’s mining project and sets the stage for the future of Bitcoin mining technology. Block’s three nanometre (3mn) Bitcoin mining chip represents a leap forward in
The recent Bitcoin halving event, which took place on April 20, has signaled the beginning of a tough period for miners in terms of profitability. With the block rewards being cut in half from 6.25 BTC to 3.125 BTC, miners are now producing fewer assets daily. This has put immense pressure on miners as they
