Bitcoin Price Stabilizes at $25,833 Amid Market Volatility and Macroeconomic Data

Bitcoin's price has experienced a steady decline in recent weeks, with some stabilization observed recently. Currently, the price of Bitcoin is around $25,833 on eToro. The decline in Bitcoin's performance has been attributed to factors like volatility and macroeconomic data. At the start of the ...

Bill Introduced to Halt Digital Dollar Testing by U.S. Federal Reserve

House Member Alex Mooney of West Virginia introduced a bill against digital dollar testing that the U.S. Federal Reserve could conduct without congressional authorization. The proposed bill seeks to prevent the U.S. Federal Reserve (Fed) from launching a digital dollar pilo ...

Bitcoin Ordinals Token Issuance Surpasses 10 Million, Boosting Network Transactions and Fees

According to Dune Analytics service, the number of issued tokens based on Bitcoin Ordinals in Bitcoin network exceeded 10 million. About 200,000 tokens are issued daily, including NFTs. The popularity of Bitcoin Ordinals has led to a significant increase in transactions a ...

Fantom Developers Introduce Monetization Program for Cryptocurrency Projects

Fantom developers said that cryptocurrency projects that use this blockchain and contribute to high fees will now receive 15% of the transaction fee. Fantom-based projects will need to submit a special application for additional monetization. The developers stressed th ...

Ethereum-Based Stablecoin Trading Volume Drops to December 2020 Levels

Efirium-based stablcoin trading volume dropped to December 2020 levels. Analysts attribute this to the popularity of memcoins, the increase in the number of transactions and the growth of commissions. According to The Block, trading volume with the popular stablcoin USDC ...

Rising Popularity of BRC-20 and Ordinals Leads to Record Bitcoin Commissions

Bitcoin commissions broke records last week amid rising popularity of Ordinals and BRC-20. What was happening to the network and how did it affect miners' revenues? Last Monday, users began reporting unusually high transaction fees on the Bitcoin network. In some cases, ...

Survey Reveals Complexity as Main Obstacle to DeFi Adoption

Popular decentralized exchange Uniswap conducted a survey of 1,860 American citizens. It turned out that the main obstacle to using DeFi was the complexity of the work. The report reports that many users of centralized platforms are interested in decentralized finance (De ...

Bitcoin Transaction Fees Plummet as Ordinals and BRC-20 Token Hype Subsides

The growth of commissions in the Bitcoin network on the background of the unexpected popularity of Ordinals and BRC-20 tokens, as some analysts predicted, quickly stopped and indicators have almost returned to normal. The average transaction fee per transaction fell to $3 ...

Tether’s CTO Advocates Against Banning Solutions and Highlights Exchange Queue Issues

According to Tether's CTO, the two solutions should not be banned And the current queue problems are a "puncture" of the big CEX The Blockchain Week Rome 2023 conference concluded last week.. Tether CTO Paolo Ardoino was among the speakers at the event. In a p ...

JAN3 CEO Predicts Subsiding Hype Around Bitcoin’s NFT and BRC-20 Tokens

JAN3 CEO Samson Mow thinks the hype around Bitcoin's NFT counterpart and BRC-20 tokens will subside in just a few months. After the emergence of the Ordinals project and the launch of support for BRC-20 standard tokens, the load on the blockchain of the first cryptocurrency ...

Bitcoin Transaction Fees Exceed $10,000 as Demand Increases

Transaction fees in the Bitcoin blockchain on Monday, May 8, exceeded $10,000 in some cases, with block 788762 setting the record for the day with a fee of $15834. The average commission per block on May 8 is, according to Bits.media's own service, ...

ARB Token Faces Crucial Test as Price Threatens to Break Below Support

The Arbitrum exchange rate (ARB) is at an important crossroads. The price risks falling below a significant support area, which could trigger a sharp drop The above-mentioned support is formed by the support line of the long- ...

Bitcoin Mining Revenue Surges to $755M in March 2023

Bitcoin mining companies have reported their best results since May of the previous year, with a combined revenue of $755 million generated in March of 2023. The hashrate of the Bitcoin network continues to rise, and so does the difficulty of mining the first cryptocurrency. Despite these chal ...

Xapo Partners with Lightspark to Offer Lightning Network Bitcoin Payments

Xapo, the cryptocurrency bank, has joined forces with Lightspark to bring Bitcoin payments to its platform using the Lightning Network. According to the CEO of Xapo, Seamus Rocca, this partnership will enable the bank to be the very first licensed private bank to provide payments using the Lightn ...