Bitcoin

Summary: The average cost of sending a single transaction on Bitcoin’s blockchain soared to almost $20, its highest point since April 2021.It seems that increased demand for BTC blockchain space was triggered by heightened activity […]

The number of addresses holding 1 BTC or more has now crossed the one million mark. Glassnode’s data reveals that the number of wallet addresses holding one whole BTC or more has exceeded one million. […]

Crypto mining firm Riot Platforms – formerly Riot Blockchain – has taken legal action against Texas-based Bitcoin (BTC) miner, Rhodium Enterprises, in an effort to recover “more than $26 million” in alleged unpaid mining facility […]

Summary: A trader splurged almost $1 million buying Bitcoin Inscription #5232025 amid growing debates about congestion on the BTC network.This particular BTC Inscription holds 50,000 ORDI coins, the native asset of Ordinals Protocol which was […]

Binance is considering using the Lightning Network to tackle network congestion. The exchange first announced its temporary pause of Bitcoin withdrawals last weekend, citing the massive amount of transactions in handling leading to network congestion. […]

The number of Ordinals inscriptions on the Bitcoin (BTC) network has witnessed another meteoric rise, almost doubling from 2.5 million to 4.78 million in just the last eight days.  While the Ordinals protocol was initially […]

Binance has resumed Bitcoin withdrawals on its trading platform. The exchange suspended withdrawals earlier today, citing congestion in the Bitcoin network. Binance’s Bitcoin wallets have seen outflows of more than 157,000 BTC over the past 24 hours.  […]

Fintech firm Block, owned by Twitter founder Jack Dorsey, has reported a staggering $2.16 billion in Bitcoin (BTC) revenue on its bellwether product Cash App in Q1. According to a shareholder letter announcing its Q1 […]

Summary: U.S. authorities sold over 9,000 Bitcoin forfeited by Ross Ulbricht in the Silk Road case, a darknet marketplace shut down in 2013. The government liquidated $216 million in BTC, paying around $215,000 in fees […]

Summary: South Africa-based Cornelius Johannes Steynberg was fined $3.4 billion for running an unregistered Bitcoin commodity pool operation, the CFTC announced in a Thursday statement.Steynberg founded Mirror Trading International (MTI), a BTC pool operator that […]