Coin Metrics reports that this quarter, because of the rise in the value of BRC-20 tokens and Ordinals, Bitcoin miners have reaped an unexpected profit of several million dollars in transaction fees. Crypto analytics company claimed a previously “tepid fee market” for Bitcoin miners has been unexpectedly disrupted with its
The crypto market has gained significant attention around the world. Countries are continuing to utilize digital assets and carry out strategies to attract traders, investors, and cryptocurrency companies. As the world continues its rapid shift towards digital currencies, the United Arab Emirates (UAE) has emerged as a leading destination for
It seems that Elon Musk’s Twitter business, Twitter Payments LLC, has been granted its first money transmitter licenses in the states of Michigan, New Hampshire, and Missouri. A money transmitter license is required before a business may provide money transfers or other forms of electronic payment. This is not the
Binance, one of the leading cryptocurrency exchanges, recently announced the addition of Verge (XVG) as a new borrowable asset on their Isolated Margin platform. This development comes at a time when Verge has experienced significant price fluctuations, reaching an all-time high of $0.0076 earlier this year. However, the coin has
Over the past few months, the crypto industry has seen extraordinary growth, with several assets experiencing substantial increases in value and network activity. Shiba Inu (SHIB) was among the cryptocurrencies that flourished during this period. Shiba Inu (SHIB) has garnered considerable attention in the second quarter of this year, evident
BlackRock CEO Larry Fink expressed his positive outlook on cryptocurrencies in a recent interview with Fox Business, specifically referring to Bitcoin (BTC) as an “international asset” and endorsing the idea of crypto serving as “digital gold.” Further, Fink highlighted the potential of cryptocurrencies. Saying, “I do believe that the role
Despite the recent surge in Ethereum (ETH) prices, network activity on the blockchain has not experienced a significant boost, according to a recent report by Glassnode. The report highlights that gas prices, which serve as a measure of blockspace demand, have remained relatively low despite the price rally. Ethereum Prices
Mark Lamb, co-founder of OPNX, announced the creation of a credit currency for margin trading on July 5 in a statement. The “phase 1” release of the oUSD currency requires users to put crypto assets into the exchange before they may obtain oUSD. To facilitate potential “bankruptcy remoteness,” Lamb said
Recent analysis of the Shiba Inu network has revealed a significant downturn in the rate of token burning, even during a relatively calm weekend trading period. The burn rate of SHIB has witnessed a considerable drop, dropping by over -79.%. Token burning involves deliberately removing tokens from circulation, thereby reducing
Assets under management (AUM) for the ProShares Bitcoin Strategy ETF (ticker symbol: BITO) have risen back beyond $1.04 billion thanks to massive inflows over the last few weeks. According to ETF.com, on June 29 investors put in $14.9 million, and on July 3 they put in another $11.9 million. Since
