A griefing attack on the Bitcoin testnet recently caused a surge in network activity, resulting in the generation of over 165,000 blocks, equivalent to three years’ worth of blocks in just one week. The attacker, Jameson Lopp, co-founder and Chief Security Officer of Casa, publicly took credit for the incident, facing backlash from other Bitcoin developers. Lopp Defends Attack as ‘Trivial Exploit’ Speaking on the decentralized social media platform Nostr, Lopp described the...
Read More »BTC Nosedives to 2-Month Low, ETH Loses $3K Level as Liquidations Skyrocket to $400M
The trading day continues in an even more painful manner for bitcoin as the primary cryptocurrency took another hit and slumped to its lowest price position in over two months of under $59,300. The altcoins’ situation is worse, with ETH dropping below $3,000, SOL dumping by 8%, and a few double-digit price declines. Bitcoin/Price/Chart. Source: TradingViewIt was just earlier today when the bitcoin bulls had taken charge and initiated an impressive leg up that resulted in the...
Read More »Bitcoin Miner Revenue Drops To Yearly Lows: Will They Capitulate?
Bitcoin miners are beginning to feel the adverse effects of the latest halving, with industry revenues at their lowest point since early 2023. The tighter profit margins raise questions about which industry firms can stay afloat during Bitcoin’s next halving epoch, as well as how Bitcoin’s market price might be impacted. Steep Decline In Miner Revenue According to data shared by on-chain analytics platform CryptoQuant, Bitcoin’s “Puell Multiple” plummeted sharply immediately...
Read More »SEC, Gary Gensler Viewed Ethereum as a Security for Over a Year, New Filings Reveal
While Bitcoin has been recognized as a commodity, the same cannot be said for Ethereum’s status, which has been more ambiguous due to its initial coin offering (ICO) in 2014. However, a new report suggests that the Securities and Exchange Commission (SEC) and its chairman, Gary Gensler, seem to have believed that Ethereum is an unregistered security for a long period of time. SEC and Gensler’s Beliefs Exposed According to the latest FOX report, court documents filed by...
Read More »Runes Daily Tx Fees Drop by 98.4% to $1.03 Million Post-Halving: Glassnode
According to Glassnode data, Runes transactions generated $117 million in cumulative Bitcoin network fee revenue post-halving, with $62.4 million amassed on the day of the halving itself. However, this rise proved to be short-lived, recent data reveals that on April 28, Runes transactions only contributed $1.03 million in fees. Runes Dominates Bitcoin Network Post-Halving On April 20, the day of the halving, transaction fees within the Bitcoin network saw a notable spike....
Read More »Grayscale Shifts Over 4000 BTC to Coinbase Worth $245M
CoinspeakerGrayscale Shifts Over 4000 BTC to Coinbase Worth $245M Grayscale’s move to shift over 4000 BTC to Coinbase follows the steady fall in BTC price today. Grayscale Shifts Over 4000 BTC to Coinbase Worth $245M
Read More »Public-Listed Coal Miner Alliance Resource Partners Dabbles into Bitcoin Mining
CoinspeakerPublic-Listed Coal Miner Alliance Resource Partners Dabbles into Bitcoin Mining Popular coal miner Alliance Resource minted 425 Bitcoins by the end of Q1 by using the excess power generated at its facilities. The company has only those Bitcoins on its balance sheet that it minted and has not been actively involved in BTC buying. Public-Listed Coal Miner Alliance Resource Partners Dabbles into Bitcoin Mining
Read More »Spot Bitcoin ETF Capital Exodus: US Offerings See $51.5M Outflow
CoinspeakerSpot Bitcoin ETF Capital Exodus: US Offerings See $51.5M Outflow Despite these recent outflows, the accumulated total net inflows for the US-listed spot BTC ETF products stand at nearly $60 billion. Spot Bitcoin ETF Capital Exodus: US Offerings See $51.5M Outflow
Read More »BEFE Coin’s Market Marvel: The Unprecedented Pumping Surge
The crypto market is gearing up for an exhilarating rally as Bitcoin begins its ascent. While macroeconomic factors are still in the wings, the market is witnessing significant developments, such as the upcoming Hong Kong ETFs and a wave of institutions either listing or preparing to list Bitcoin and Ethereum ETFs. This surge of institutional interest in cryptocurrencies is a testament to their growing acceptance and could provide a secure foundation for future...
Read More »Renowned Economist Predicts Major Upside For Bitcoin, Sets Price Target
Influential economist and analyst Henrik Zeberg has laid an enormous price tag on Bitcoin (BTC), setting the crypto space abuzz with expectations. In a video posted online, the economist suggested that Bitcoin (BTC) could hit a price value as high as $115,000 off the back of Bitcoin’s (BTC) RSI and a bullish run in the third quarter of the year. Bitcoin (BTC) To Sell For $115,000 By August? Economist Answers In a video posted on Trade Gate Hub, economist Henrik...
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