The Bitcoin network recently achieved a significant milestone with its daily transactions hitting a new peak of 927,000. This surpassed the previous record of 724,000, which was set back in December 2023. These findings, reported by Intotheblock, highlight the increasing activity within the cryptocurrency space, driven primarily by the launch of Runes. Runes, a new
Crypto
Jabara Igbara, famously known as “Jay Mazini,” rose to fame on Instagram as a self-proclaimed crypto millionaire, amassing nearly one million followers with his flashy posts showcasing acts of generosity. He presented himself as a devout Muslim and successful entrepreneur, gaining the trust and admiration of many within the Muslim-American community in New York. The
In the tumultuous world of cryptocurrency, bitcoin (BTC) has experienced significant pullbacks following the bear market of 2022. These pullbacks, some as steep as 23%, have proven to be critical moments for investors looking to maximize their returns. According to crypto trader and analyst Rekt Capital, accumulating BTC after a pullback of around 20% could
In a recent announcement made by Jack Dorsey’s fintech company Block Inc., it was revealed that they have successfully completed the development of an advanced Bitcoin mining chip. This achievement marks a significant milestone for the firm’s mining project and has the potential to revolutionize the mining industry. The Importance of Advanced Technology Block’s three
Venezuela’s state-owned oil and gas company PDVSA has unveiled plans to expedite the use of cryptocurrency, particularly USDT, to evade US sanctions. The company initiated the integration of USDT for oil sales back in 2023 and has now introduced a new policy requiring new customers to possess a digital wallet containing cryptocurrency. The decision to
The recent Bitcoin halving event, which occurred on April 20, has brought about a significant challenge for miners in terms of profitability. With block rewards being reduced by half, from 6.25 BTC to 3.125 BTC, miners are now facing a situation where they need to rely more on transaction fees and higher BTC prices to
The upcoming week in the United States is packed with key economic data releases that could have a significant impact on the direction of crypto markets. New home sales figures are set to be released on Tuesday, providing insights into the overall economy and consumer confidence. Alongside this, April’s S&P Global Manufacturing PMI and S&P
The recent Bitcoin halving event has caused a significant reduction in miners’ block rewards, resulting in a decrease in the daily issuance of BTC. This has a direct impact on the inflation rate of Bitcoin, making the digital asset scarcer in the market. As a basic economic principle, a decrease in supply coupled with steady
In the first quarter of 2024, NFT trading volumes across the top 10 marketplaces reached an impressive $4.7 billion. Leading the pack was Blur, maintaining its position as the top NFT marketplace with $1.5 billion in volume and capturing a market share of 27.6%. This marked a significant increase from the previous quarter, solidifying Blur’s
The recent news of MicroStrategy founder Michael Saylor selling up to 370,000 shares of his brainchild comes as a significant development for the company. This follows his entry into a stock-sale agreement with the company last year, allowing him to unload up to 400,000 shares until April of this year. The total value of the
