Bitcoin miners have had a record-breaking day, raking in nearly $76 million in revenue. This is the second-highest daily revenue in the history of the cryptocurrency. Block Rewards and Transaction Fees Bitcoin miners earn revenue from two sources: block rewards and transaction fees. Block rewards are given to miners for solving blocks on the network,…
Burn Rate Decline The Shiba Inu burn rate has taken a hit after a week of high activity. The number of SHIB tokens burned daily has dropped, indicating a slowdown in the community’s efforts to burn the meme coin. 10% Drop in Burn Rate According to data from Shibburn, the burn rate has fallen by…
Bitcoin and gold have reached record highs, creating a buzz in the investment world. Divergent Assets, United Surge Bitcoin, the digital currency, and gold, the traditional safe haven, have soared simultaneously, challenging traditional investment strategies. Bitcoin’s Rise: ETFs and Momentum Bitcoin’s surge is driven by investments in exchange-traded funds (ETFs) and short-term momentum trading. This…
What is Charles Derangement Syndrome (CDS)? Charles Hoskinson, the founder of Cardano, has coined the term “Charles Derangement Syndrome” to describe the persistent criticism he faces. He believes that critics have a fundamental bias against him and assume the worst in everything he does. Symptoms of CDS Hoskinson has identified ten symptoms of CDS: Assuming…
Ethereum’s Recovery After Bitcoin hit a record high, Ethereum (ETH) surged above $3,800. However, it later crashed by over 10%. But ETH has bounced back and reached $3,900 for the first time in over two years. The Rally Ethereum surged above $3,800 on Thursday, but then lost momentum and dropped to $3,360. However, it has…
ETH Burn Rate Accelerates The Ethereum Dencun upgrade is on the horizon, and the network has been preparing with a surge in ETH burning. Over 50,000 ETH has been burned since the EIP-1559 upgrade, totaling over 1.5 million ETH (worth $5.6 billion). Deflationary Network The burn rate has outpaced ETH issuance, making the network deflationary….
Cryptocurrency analyst Bluntz, who predicted the end of Bitcoin’s 2018 bear market, is optimistic about two memecoins: Dogwifhat (WIF) and Dogecoin (DOGE). Dogwifhat (WIF) Bluntz believes WIF is showing signs of strength despite a recent market correction. He predicts a significant rally, with a potential surge to $3.50. Dogecoin (DOGE) Bluntz also expects DOGE to…
Government Intervention The Spanish Data Collection Agency (AEPD) has ordered Worldcoin to cease collecting personal data in Spain. This decision comes after receiving numerous complaints alleging that the project’s data-gathering process violated user privacy. Specific Violations The AEPD cited several infringements, including: Insufficient information provided to users Collection of data from minors Inability to withdraw…
A troubled New York bank has received a $1 billion capital injection in an effort to stay afloat. New York Community Bank announced the investment, led by former U.S. Treasury Secretary Steven Mnuchin’s Liberty Strategic Capital. Financial Struggles NYCB has been struggling with exposure to the commercial real estate market and the impact of recent…
Tom Lee, CEO of Fundstrat, believes Bitcoin is on track to break its all-time high and reach $150,000 by the end of 2024. Bitcoin’s Unique Appeal Lee attributes Bitcoin’s volatility to its status as a “trustless” asset in a world where trust is often lacking. This makes it appealing to younger investors but challenging for…
