Bitcoin miners have experienced significant growth in their daily transaction fee revenue in 2023. According to data from Coinmetrics, miners are now collecting an average of $2 million per day, which marks a 400% increase compared to the previous year. This surge in revenue has added to the total of $57 billion that miners have
The Japanese government recently made a significant decision to discontinue the imposition of unrealized gains tax on crypto assets held by corporations. This move, approved in a December cabinet meeting, is expected to come into effect on April 1, 2024, and marks a notable shift in Japan’s taxation policies related to cryptocurrencies. Under the previous
XRP has experienced a frigid December for several years, with red charts and cold winds becoming an all-too-familiar sight. For potential buyers, this can be a cause for concern, as they vividly remember the significant 66% drop that occurred in 2021. However, there was a time, like a distant Christmas carol, when XRP witnessed a
Bitcoin has experienced a remarkable surge in value this year, soaring from around $16,500 at the beginning of the year to nearly $44,000 at present. This impressive growth has led many experts to believe that Bitcoin’s upward trajectory is far from over. In fact, industry data provider Kaiko suggests that Bitcoin is poised for a
XRP, the native token of Ripple, has once again caught the attention of the cryptocurrency market with its upward movement. Over the past day, XRP has risen by over 2%, generating an impressive $1.19 billion in trading volume. Despite the legal challenges it has faced, XRP has shown resilience and made headlines throughout the past
In a landmark decision, the EthereumPoW (ETHW) organization has announced its dissolution, marking a significant step towards its goal of achieving complete decentralization. The move comes after extensive discussions and a consensus among the majority of members, in line with the commitments made during the initial fork. The dissolution of the EthereumPoW Core development team
Paxos, the New York-based stablecoin issuer, has recently announced a strategic expansion of its stablecoin issuance to the Solana blockchain platform. This move marks a significant milestone for Paxos in the competitive stablecoin landscape, as it seeks to reach a wider audience of everyday consumers. With rivals such as Circle and Tether also vying for
On the 30th of July, the Curve Finance community was dealt a severe blow when four of its mining pools fell victim to an exploit, resulting in a staggering loss of $73.5 million. The exploit took advantage of a re-entrancy bug in the Vyper programming language, allowing hackers to siphon funds from the pools. In
Ethereum, the second-largest cryptocurrency and the most prominent altcoin, has experienced significant growth in its market capitalization over the past year. According to a report from crypto analytics firm IntoTheBlock, Ethereum’s market cap has increased by 85%, moving from approximately $149.18 billion to its current value of $275.98 billion. However, when compared to other major
As the year comes to a close, the interest in altcoins, particularly Polkadot (DOT), has significantly increased. With an impressive gain of 47% in December alone, Polkadot has emerged as a standout performer in the cryptocurrency market. Furthermore, in the last two days, the value of DOT has risen by 20%, reaching a new record
