Recently, the Bitcoin network hit a milestone with its daily transactions peaking at 927,000. This surpasses the previous record set in December 2023, showcasing a surge in interest and utility in cryptocurrencies. The launch of Runes, a new token standard on the Bitcoin blockchain, has played a significant role in driving this increase. Since its
Crypto
Jabara Igbara, or “Jay Mazini” as he was known on Instagram, once flaunted his status as a crypto millionaire to his nearly one million followers. However, his lavish lifestyle and seemingly generous acts of distributing cash to strangers in grocery stores and airports were all part of a facade. In November 2022, Igbara’s charade came
In the tumultuous world of cryptocurrency, bitcoin (BTC) has experienced significant price fluctuations in recent years. From the bear market of 2022 to the volatile periods of 2023 and 2024, the value of BTC has not been stable. These fluctuations have presented both challenges and opportunities for investors looking to maximize their returns. According to
The cryptocurrency market is seeing a surge in meme coins such as Bonk Inu, dogwifhat, and others, with significant price increases being recorded. However, the leaders of the meme coin sector, Dogecoin and Shiba Inu, are showing more modest gains compared to their counterparts. This disparity in performance among meme coins is indicative of the
In recent reports, it has been revealed that Venezuela’s state-owned oil and gas company PDVSA is planning to accelerate the use of cryptocurrency, particularly USDT, to bypass US sanctions. The company has gradually started integrating USDT for oil sales since 2023. Moreover, PDVSA now has a new policy in place that mandates new customers to
Block Inc, a fintech company led by Jack Dorsey, has recently announced the completion of its advanced Bitcoin mining chip. This development is a crucial milestone for the firm’s mining project, positioning it to thrive in the fifth mining epoch and beyond. Block’s three nanometre (3mn) Bitcoin mining chip is currently undergoing its full design
The completion of the fourth Bitcoin halving event has brought significant challenges for miners in terms of profitability. With the reduction of block rewards from 6.25 BTC to 3.125 BTC, miners are now producing fewer assets daily. This decreased output has put pressure on miners to rely more on transaction fees and higher BTC prices
As the crypto markets show signs of recovery, it is crucial to pay attention to the upcoming economic calendar events in the United States. These events have the potential to fuel momentum for the bears, impacting market sentiment and ultimately influencing price movements in the crypto space. One of the key events to watch this
The recent Bitcoin halving event has cut the miners’ block rewards in half, leading to a significant reduction in the daily issuance of BTC. This decrease in the supply of Bitcoin is expected to result in a price rally, as the scarcity of the digital asset increases its value in the market. The halving occurs
The NFT trading space experienced a significant surge in volumes during the first quarter of 2024, reaching a total of $4.7 billion across the top 10 marketplaces. Leading the pack was Blur, with a trading volume of $1.5 billion and a 27.6% market share. However, Magic Eden quickly emerged as a major competitor, surpassing Blur