Bitcoin user’s $509,563 transaction fee causes stir in crypto community
A Bitcoin user recently paid an exceptionally high transaction fee of 19 Bitcoin (BTC), equivalent to $509,563. Whale Alert, a popular service that tracks large cryptocurrency transactions, brought attention to this exorbitant fee. The average Bitcoin transaction fee currently stands around $1.410, making this incident an extreme outlier. The fee is significantly higher than the […]
Teen hacker faces DOJ’s $5.2 million Bitcoin demand and sports car seizure
The U.S. Department of Justice is pursuing the return of $5.2 million in Bitcoin and a sports car from a teenage hacker who stole the funds from crypto executives four years ago. Ahmad Wagaafe Hared, along with two accomplices, engaged in a SIM-swapping scheme between 2016 and 2018, where they deceived cell phone carriers to […]
JPMorgan lowers Bitcoin’s production cost: what it means for Miners and Investors?
JPMorgan has adjusted its estimation of Bitcoin’s production costs, revising it from $21,000 to $18,000. This adjustment is in response to the Cambridge Bitcoin Electricity Consumption Index (CBECI) updating its methodology for tracking and estimating the electricity consumption of the Bitcoin network. The revised methodology has implications for mining costs, with JPMorgan analysts noting that […]
Crypto analyst predicts Dogecoin to surge over 170%: Is DOGE set to rise?
A well-known cryptocurrency analyst, Crypto Tony, has made a prediction regarding the price of Dogecoin ($DOGE), a meme-inspired cryptocurrency. According to Crypto Tony, based on recurring patterns on DOGE’s chart, the price of the cryptocurrency could surge by over 170% in the near future. The analyst shared a price chart with their followers, indicating that […]
Lyn Alden predicts Bitcoin’s market cap to soar with increased global adoption
Macro expert Lyn Alden believes that Bitcoin (BTC) has the potential to capture a much larger portion of global wealth in the future. In an interview, Alden suggests that individuals may want to allocate a higher percentage of their liquid net worth into a “self-custodial, globally portable” digital asset like Bitcoin. Currently, Bitcoin makes up […]
SHIB whales make waves with $100 Million worth of tokens collected in a week”
In the past week, whales holding Shiba Inu (SHIB) tokens accumulated over $100 million worth of the meme coin, according to market intelligence platform IntoTheBlock. Significant spikes in SHIB’s netflow were observed since the last week of August 2023. Whale Alert, a blockchain tracker and analysis system, reported multiple large transactions involving SHIB. One whale […]
Coinbase’s Base layer-2 network faces unexpected halt in block production
Coinbase’s Ethereum layer-2 network, Base, experienced its first major outage since its launch on August 9. The block production on the Base chain abruptly halted for approximately 43 minutes on September 5, requiring developers to quickly implement a fix. The issue was identified by the developers at 9:36 pm UTC, and block production has now […]
PUBG creator Krafton dives into Blockchain economy with Settlus Platform to empower content creators
Krafton, the well-known South Korean video game company behind games like PUBG: Battlegrounds, is venturing into the world of blockchain with the launch of Settlus. Settlus is a blockchain platform built on Cosmos, specifically designed to simplify transparent settlement processes for content creators. The testnet for Settlus is scheduled to be launched in early 2024. […]
Who is the real Satoshi Nakamoto?
In the search for the true identity of Satoshi Nakamoto, three prominent figures have emerged as potential candidates, according to a redditor. Nick Szabo, a computer scientist, legal expert, and cryptographer, is credited with introducing the concept of smart contracts. He is a pioneer in the field of digital currency and has written extensively about […]
Bitcoin back in the COVID Era – know how?
The recent price movements of Bitcoin (BTC) have drawn comparisons to the volatile period during the COVID-19 pandemic. Analysts have noted similarities in Bitcoin’s consolidation during this cycle and that of the pandemic era. The taker buy/sell ratio, which indicates bullish or bearish sentiment, has spiked similarly to April 2023. However, the extensive involvement of […]