After the Bitcoin halving occurred at block height 840,000, Bitcoin transaction fees experienced a substantial increase. This surge was primarily due to the introduction of the Runes protocol on the Bitcoin network. Consequently, the typical fee for each block reached a peak of approximately 18.62 Bitcoins. Runes Launch Escalates Bitcoin Transaction Fee Right now, the … Read more
The long-awaited Bitcoin halving occurred, reaching a major moment in the cryptosphere. Happening approximately every four years, this event brought about a decrease in the rate at which new Bitcoins are created. Specifically, at 8:10 p.m. New York time, and with a block height of 840,000, mining rewards for each Bitcoin mined were reduced by … Read more
According to on-chain information, this is the current estimated profit for various large Bitcoin holders (whales) and miners. Bitcoin Whale & Miner Profits Compared Across Cohorts Ki Young Ju, the founder and CEO of CryptoQuant, recently shared on X his insights about the aggregate profits that are yet to be realized by different groups in … Read more
On April 19, the anticipated Bitcoin halving took place, leading to a decrease in the production rate of new Bitcoins. This event occurs approximately every four years and reduces mining rewards by half. The change became effective at around 8:10 p.m. New York time, with the block height reaching 840,000 according to data from sources … Read more
On April 20, 2021, there was significant interest among crypto traders and investors in Shiba Inu, a well-known meme cryptocurrency based on dogs. The coin’s weekly burn rate experienced a notable increase, coinciding with the broader crypto market’s recovery following the halving event. This surge in Shiba Inu’s weekly burn rate brought renewed optimism to … Read more
Today, the prices of leading cryptocurrencies bounced back. Bitcoin (BTC) broke through the $64,000 barrier, while Ethereum (ETH) came close to hitting $3,100. Furthermore, notable recoveries were seen in other major altcoins like Cardano (ADA), XRP, and Solana (SOL). Major Crypto Prices Today The price of Bitcoin rose by 2.81%, or $17,350.40, to reach $64,188.42 … Read more
This week, Ripple‘s Chief Technology Officer (CTO), David Schwartz, took to clarifying some misunderstandings and rumors surrounding him. Specifically, he was queried about his affluence and supposed billionaire standing, following reports linking him to expensive NBA basketball court seats. Currently, there’s speculation within the cryptocurrency sphere about Schwartz’s continued importance at Ripple and if his … Read more
The SEC, or United States Securities and Exchange Commission, has recently submitted fresh papers to the court for its ongoing case against Justin Sun, the creator of the TRON blockchain, and the suspected businesses under his management. In their more recent submission to the Securities and Exchange Commission (SEC), further details have been given to … Read more
When Bitcoin undergoes its fifth halving in April 2021, CryptoQuant’s founder Ki Young Ju has revealed intriguing profitability data for various investors. By examining X, Ju highlighted the substantial unrealized profits among different investor categories. Notably, old whales have emerged as the most profitable group. Bitcoin Rewards Old Whales, Miners Based on the information available, … Read more
Since the SEC’s approval, the Blackrock Bitcoin ETF has set new records and is poised to overtake Grayscale as the biggest Bitcoin investment fund in the world. Blackrock Bitcoin ETF Inches Close to Surpass Grayscale Based on Bloomberg’s report, the gap between Grayscale and BlackRock’s iShares Bitcoin Trust (IBIT) has narrowed down to roughly $2 … Read more