Bitcoin (BTC), the world’s largest cryptocurrency, has shown a continued surge in recent days. Bitcoin’s transaction fee has hit an all-time high in the last two years, reaching the $30 mark. The average cost to send BTC on the mainchain is now $14. Bitcoin transaction fees have come off the
The recent sale of $98K worth of Bitcoin by the US government has caused a stir in the cryptocurrency market. While the amount sold relatively small compared to the total market cap of Bitcoin, it has raised concerns among investors about potential market manipulation and the government’s stance towards cryptocurrencies.
Investors in digital assets are experiencing a shift in sentiment as fund outflows increased in the week ending May 7, 2023. According to CoinShares’ latest digital asset fund flows weekly report, investment products saw outflows of $54 million, marking the third consecutive week of negative sentiment. Bitcoin was the primary
Bitcoin (BTC), the largest cryptocurrency by market capitalization, has shown a lot of ups and downs in recent days. A few days ago, Bitcoin reached the $30 mark even after the Fed’s interest rate hike. But now BTC’s trading price has fallen below the $28K mark, and it has shown
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)
