Bitcoin’s average daily transactions over seven days reached a record high yesterday for the first time since December 2017.
According to IntoTheBlock data, the average number of daily transactions over the week starting April 24 was 396,350.
Bitcoin Transactions Hit Peak
Per the blockchain analytical firm, the increased numbers suggested a growing active usage of the blockchain network.
Another blockchain data aggregator Glassnode reported th...
According to dataroma data, Armstrong sold 59,460 shares for $3.46 million in 11 transactions between April 12 and April 26. A breakdown of the sales showed that Armstrong sold 29,730 shares for $1.86 million in six transactions on April 10 before making five further transactions on April 24. Before now, the Coinbase CEO sold 89,196 COIN for $5.8 million in March.
All these sales continue Armstrong’s trend of dumping COIN stocks since November ...
A crypto analyst revealed in a tweet that BTC miner reserves have experienced a major decrease.
Miners sold around $172,060,000 worth of BTC over the last week.
In related news, BTC experienced a price increase of 4.09% over the last day.
The popular crypto analyst and Bitcoin (BTC) fan Ali published a post on Twitter earlier today to share an observation he made about the mining reserves of the crypto market leader. According to the ...
The CFTC recently won a record-breaking $3.4 billion lawsuit.
MTI’s CEO was ordered by a Texas District Court Judge to pay out the sum.
In related news, BTC printed a 24-hour gain according to CoinMarketCap.
The US Commodity Futures Trading Commission (CFTC) recently won a record-breaking $3.4 billion penalty in a lawsuit involving a fraudulent Bitcoin scheme. Texas District Court Judge, Lee Yeakel, ordered the implicated Cornelius ...
The crypto trader Ali recently shared on-chain data from Glassnode via a tweet.
Ali’s post shows that more than 50% of BTC’s supply has remained untouched for 2+ years.
In related news, BTC traders are preparing themselves for this week’s FED interest rate decision.
The crypto trader Ali shared recent data from Glassnode via a tweet this morning. In the tweet, Ali stated that the supply for Bitcoin (BTC) continues to tighten as around...
A shift by India to a less onerous crypto tax regime may be two years away, according to one of the nation’s key digital-asset exchanges.Indian officials last year imposed a 1% levy — known as TDS — on crypto transactions, causing trading volumes at exchanges to crash as market makers and high-frequency investors pulled back due to higher costs. One of WazirX’s main competitors has said the tax contributed to a 97% collapse in volumes at domestic...
Bitcoin's price soared to a new record, reaching over $70,000 for the first time amid a frenzy in the crypto market. The spike reflects escalating investor interest in newly launched US spot exchange-traded crypto products and the anticipation of declining global interest rates.Why it mattersThis surge marks a significant recovery from the crypto winter triggered by the collapse of the FTX exchange, renewing faith in digital currencies.The rally ...
The US has seen significant growth in industrial-scale Bitcoin mining facilities, with at least 137 such operations currently across the country. This surge is driven by the increasing acceptance of cryptocurrencies and potential for substantial financial gains. As demand for Bitcoin rises, more investors are establishing sophisticated mining facilities with powerful computing hardware. However, this growth raises environmental concerns due to su...
Bitcoin hit its highest level in a year amid renewed fervor for digital assets despite a slew of challenges for the industry.The original digital currency crossed above $31,013, its 2023 peak, to reach its highest level since June 2022, Bloomberg data show. The surge brought Bitcoin to as high as $31,410 before the gain was pared. The token is up by almost 90% since the start of the year, though still more than 50% below an all-time high of almos...
Bitcoin reversed an earlier gain of as much as 10% after BlackRock said that its application for an exchange-traded fund that invests directly in the cryptocurrency is still under review.“The iShares Spot Bitcoin ETF application is still under review by the SEC,” a spokesperson said. Bitcoin was up about 3% to $28,000 as of 10:12am in New York on Monday after briefly jumping to $30,000. Speculation swirled on social media that BlackRock, which in...
