The Bitcoin Runes protocol, hailed as a game-changer for faster and cheaper transactions, has seen a significant decline in activity and fee revenue since its much-anticipated launch following Bitcoin’s fourth halving. Despite an explosive start, with over 85,000 token issuances and $3 million in fees within its first 10 days,
The UK elections scheduled to happen later this year, are expected to maintain currents in the crypto sector. Industry stakeholders and Government officials have made statements on the UK’s approach to crypto. Amidst the crypto tug-of-war in the US Elections, the UK has steered clear of controversies. The country has
Today, Bitcoin (BTC) experienced a notable uptick, gaining 4.3% in the past 24 hours and reaching $63,422. This surge comes ahead of the eagerly anticipated release of macroeconomic data from the United States later this week. Despite recent volatility, Bitcoin managed to maintain its position above the crucial $62,800 support
Bitcoin whales are making waves with significant accumulation moves. Today, two notable whales bought a staggering 791 BTC, equivalent to $49.8 million, seizing the opportunity at the market’s bottom. This strategic move comes amidst ongoing volatility and uncertainty in the digital asset space. One such whale, identified by the wallet
A recent SEC filing by Bank of Montreal revealed the bank’s exposure to spot Bitcoin ETFs. A number of issuers’ spot ETF holdings were revealed by the bank in a recent disclosure. This follows the trend of conventional financial institutions purchasing Bitcoin ETFs. The fourth-largest bank in Canada, the Bank
The iShares Bitcoin Trust (IBIT), an exchange-traded fund (ETF) for bitcoin owned by BlackRock, has surpassed all of its rivals in terms of the number of corporations that have invested in it. There are already 250 corporate investors of the BlackRock Bitcoin ETF, which began operations on January 11 after
As a hedge against Japan’s ongoing economic woes, the Tokyo-listed crypto investment and consultancy business Metaplanet Inc. has decided to accommodate Bitcoin in its strategic treasury reserve. The company stated: “The move is a direct response to sustained economic pressures in Japan, notably high government debt levels, prolonged periods of
The cryptocurrency market has sustained a downward trajectory over the past week. The overall market has seen a decline of 3.6%, coupled with a significant 27% decrease in trading volume compared to the previous week. Despite this gloomy backdrop, hope flickers among traders, largely fueled by the resilience of select
Due to a precipitous drop in transaction volumes, Bitcoin’s on-chain activity has been approaching record lows throughout the last two months. This slump follows Bitcoin’s all-time high earlier this year and is more a result of market uncertainty and apprehension than a foreshadowing of future price declines. The on-chain transaction
Bitcoin (BTC) has been yet again endorsed by Rich Dad Poor Dad author Robert Kiyosaki. Despite his penchant for making such predictions, he is of the opinion that the cryptocurrency may mitigate the effects of the US dollar downfall this time. South Africa is one of the original members of
