Bitcoin Blockchain and Cryptocurrency News Center
Responding to a tweet by a Lightning Network developer, the CTO of Tether Paolo Ardoino explained what has been the source of the collateral for the USDT it has been printing regularly in tens and hundreds millions of coins. However, the users in the comment thread are still doubtful. ‘Tether receives wires to make new […]
Bitcoin miners enjoyed a 7% increase in revenue during July, driven by higher network fees and increased transaction volume as bitcoin (BTC) rallied to new yearly highs above $11,400, the CoinDesk reported. BTC miners generated an estimated $300 million in revenue in July, up from $281 million in June, and the first monthly increase in […]
On-chain data shows miners have sold more than they mined in the past week, but this might not necessarily impact BTC price for three reasons. The latest on-chain data from July 30 suggests miners are preparing to sell Bitcoin (BTC). According to data analytics resource Glassnode, miners’ outflows to exchanges increased significantly in the last […]
Crypto mining can harm the country’s electricity distribution, says a Venezuelan minister. Venezuelan Minister of Habitat and Housing Ildemaro Villarroel announced today that crypto mining operations won’t be allowed in any state-owned housing or neighborhoods that are part of the “Gran Misión Vivienda” project (Great Home Mission). During an official speech on July 15, Villaroel stated that […]
About 86 million ETH is held on non-exchange wallets containing enough Ether for staking on ETH 2.0, the Cointelegraph reported. As the crypto community is anticipating Ethereum 2.0, a large number of Ether (ETH) holders already have enough ETH for staking on the network. Nearly 80% of total Ether (ETH) supply is being held by non-crypto […]
Ever since Charles Hoskinson issued an update on “Shelley,” Cardano’s price and community have adopted a bullish mood, the Cointelegraph writes. Cardano (ADA) has seen its value increase by around 50% since May 25. This recent value hike comes in the wake of project co-founder Charles Hoskinson revealing the roadmap for Cardano’s much-hyped “Shelley” upgrade via a […]
Ethereum’s consensus algorithm is not the only thing changing with the launch of Eth 2.0. The underlying cryptography itself is getting an overhaul based on leading research out of the Electric Coin Company. Called BLS12-381, the new elliptic pairing curve will securely coordinate transactions on the proof-of-stake (PoS) Eth 2.0 network, while opening up opportunities […]
Once Ethereum becomes a proof-of-stake blockchain, what will happen to the ETH miners, and what will they do? As Ethereum is finally set to launch its Ethereum 2.0 upgrade later this year, putting an end to a long streak of delays, the network will start moving toward a proof-of-stake model. Consequently, the network will abandon the proof-of-work consensus algorithm, leaving Ether (ETH) […]
The transaction fees on the Bitcoin network have increased by more than 1,300% since the beginning of the year, with the halving pushing the amount necessary to perform a transaction all the way up to $5.1 on May 11. However, despite the huge increase in fees, many pointed out that Bitcoin is still a lot […]
While Bitcoin has seen its fair shares of rallies and crashes since the 2017 highs of $20,000, the cryptocurrency has not yet entered its fourth macro market cycle. Though a crucial on-chain indicator signals that this is changing, the NewsBTC reported. Bitcoin on Verge of Its Third Macro Bull Market Crypto analytics firm Glassnode noted […]