Fears of a Denial of Service (DoS) “attack” on the Bitcoin network were voiced on Crypto Twitter over the weekend due to a dramatic increase in transaction fees and unconfirmed transactions. In response to these concerns, several Bitcoin experts and pundits have sought to reassure their individual communities. According to
Cryptocurrency exchange Binance restarted bitcoin withdrawals on Monday after stopping them for the second time in a day due to high volume. Binance had stopped withdrawals earlier in the day for approximately one hour, alleging a significant delay in pending withdrawal requests as the reason. $BTC withdrawals are now resumed
The week starts with a red note for the cryptocurrency market. Every asset listed in the crypto sphere is showing a red movement in its price as well as a market capitalization graph. Pioneers in the trade, Bitcoin (BTC) and Ethereum (ETH) are 2.45% and 1.86% down in the last
On Thursday, Western Alliance Bank, the latest bank to be alleged to be approaching collapse amid mounting pressure on the US banking system, released a statement. Bank executives denied seeking buyers and claimed they had no plans to employ an outside consultant to evaluate strategic alternatives. The announcement was made
The Bitcoin (BTC) trading price has been on the move since the beginning of 2023. Bitcoin has steadily risen since the digital token recorded a price below the $6,000 level in 2020. Pierre Rochard, VP of Research at Riot Platforms, recently claimed on Twitter that data invalidates the belief that
The White House has formally suggested a 30% tariff on power used for crypto mining. The tax is a key part of the Biden Administration’s proposed budget for FY 2024. The administration’s tax strategy was outlined in a blog post on the White House website. Digital Asset Mining Energy (DAME)
This year, the price of Bitcoin (BTC), the largest cryptocurrency in the world by market cap, has surged more than 73%. The Bitcoin price rally resulted from the ongoing banking crisis and macroeconomic concerns in the US. Also, the upcoming Federal Open Market Committee (FOMC) meeting is expected to have
In the year 2023, banking has become very difficult. It all started with the failure of many major financial institutions, including Silvergate Bank, Signature Bank, and Silicon Valley Bank. The US government seized First Republic Bank earlier this week, and trading in the bank’s shares was temporarily stopped. The First
Balaji Srinivasan, the former CTO of Coinbase, revealed that he settled a notable Bitcoin bet made in March by contributing $1.5 million of his own money. When Srinivasan initially made his $1 million bet public in March, he claimed that because the world economy is about to experience an enormous
Job opportunities in the United States dropped by 9.6 million in March, according to data from the Bureau of Labor Statistics, below market forecasts of 9.775 million. Due to increasing interest rates, job openings have dropped to their lowest level since April 2021. Bitcoin’s price shows continued volatility, as it
