The recent CryptoQuant report exposed a significant drop in the percentage of Bitcoin miner revenue derived from transaction fees. Initially surging to 75% on the day of the last halving event, transaction fees now only make up 35% of total miner revenue. This decline is a cause for concern, especially considering the impact of the
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The Bitcoin network has recently experienced a significant surge in trading activity following the halving event. While the halving did generate considerable attention for Bitcoin, the increase in trading activity can be attributed to other factors. Data from on-chain analytics platform IntoTheBlock reveals that the number of daily BTC transactions has spiked to a new
Recent on-chain data has revealed a concerning trend in the Bitcoin network, indicating a consistent decrease in high-value transactions over the past few weeks. This decline in activity has been reflected in the price of Bitcoin, which has been struggling to break out of consolidation throughout the month of April. Despite multiple attempts to hold
Upbit, a cryptocurrency platform based in South Korea, has established itself as a dominant player in the country’s crypto market. With over 80% of the country’s trading activity, Upbit has emerged as one of the top five exchanges globally in terms of trading volume. However, the platform’s dominance has raised concerns and criticism, especially as
Institutional investors in Canada have significantly increased their exposure to cryptocurrency over the past year. A recent survey conducted by accounting firm KPMG revealed that 39% of institutional investors reported having direct or indirect exposure to crypto assets in 2023, which is a notable increase from 31% in the firm’s 2021 study. This demonstrates a
The meme coin sector has been experiencing significant growth during the latest bull cycle, evidenced by its market capitalization briefly exceeding $60 billion. This surge can be attributed to popular assets like Dogecoin (DOGE) and Shiba Inu (SHIB) leading the way, along with newer tokens such as dogwifhat (WIF), Bonk Inu (BONK), and Pepe (PEPE)
Peter Brandt, a well-known crypto expert, recently suggested that the Bitcoin top for this market cycle may have already occurred. He based his conclusion on his “exponential decay” thesis, which he believes could actually benefit the Bitcoin ecosystem. Brandt pointed to historical data indicating that Bitcoin’s price has peaked, referencing an “exponential decay” pattern that
Recently, the Bitcoin network achieved a remarkable milestone as its daily transactions peaked at 927,000, exceeding the previous record of 724,000 set in December 2023. This surge in transaction volume can be attributed to the introduction of Runes, a new token standard on the Bitcoin blockchain. The increased activity indicates a growing interest and utility
The cryptocurrency community is buzzing with excitement following a recent prediction made by a deep learning model regarding Bitcoin’s price trajectory in the near future. Despite the AI’s optimistic forecast, financial experts are urging caution when interpreting these projections. Bitcoin has remained relatively stagnant around the $64,000 mark, leaving many investors puzzled about its next
The world of digital collectibles is evolving rapidly, with projects like ARdinals paving the way for immersive augmented reality experiences. ARdinals offer a unique platform where individuals can create their own AR-driven Ordinal collection, bridging the gap between the digital and physical worlds. By enhancing existing Ordinals with AR technology, ARdinals allow collectors to interact
Verasity, a leading ad-tech company, has recently revealed a strategic partnership with Creo Engine, a rapidly growing web3 gaming platform. This collaboration aims to incorporate VeraViews’ video player capabilities and in-game rewards into Creo Play’s extensive gaming library. The CEO of Verasity, RJ Mark, expressed his excitement about this partnership, highlighting it as the first
US Senators Elizabeth Warren (D-Mass.) and Bill Cassidy (R-La.) have jointly called for authorities to take decisive action against the utilization of cryptocurrency in the distribution of child sexual abuse material (CSAM). In a bipartisan letter penned on April 26 to Attorney General Merrick Garland and Secretary of Homeland Security Alejandro Mayorkas, the lawmakers emphasized
In the recent week, there has been a significant increase in Ethereum withdrawals from centralized exchanges, indicating a shift in investor sentiment. The amount of ETH withdrawn is worth almost $800 million, raising questions about the potential impact on the cryptocurrency’s price. Investors appear to be taking action to secure their positions amidst the uncertain
The Spot Bitcoin ETFs have been experiencing a decline in demand since the beginning of this month, leading to significant outflows recorded on April 26. Farside Investors highlighted in a post on X (formerly Twitter) that the Spot Bitcoin ETFs saw $217 million of net outflows on April 25, marking one of the largest outflows