Bitcoin transfer costs fall to 2020 lows

Michael J. Burry, the financial wizard who was portrayed in the movie "The Big Short", is known for predicting crises. For instance, his investment fund made billions from the 2008 housing crash, and Burry liquidated almost all his entire portfolio during the 2Q of 2022.Given that no one seems to know whether traditional markets will…

Ether transaction fees increased by over 35,000% in the past year, forcing one social media tokenization project to close down. 1909 Total views 16 Total shares An Ethereum-based project has been forced to cease development due to rising gas prices, as the cost of transacting on the blockchain continues to push new highs.The official Twitter account…

Alloy by Tether introduces a new class of digital assets called tethered assets, designed to track the price of various assets using robust stabilization mechanisms.

Joe Weisenthal, the executive editor of news for Bloomberg Digital, said that blockchains are essentially inefficient and that “Bitcoin is for making transactions The Man is against.”The ManThe comments come from Bloomberg’s Markets newsletter, which Weisenthal reproduced in a tweet on Oct. 17. He elaborated that transactions would not be possible without individuals willing to…

The CEO of CryptoQuant says a recent 15,200 BTC outflow at Coinbase is a sign that institutions are accumulating for the next Bitcoin bull break. 1593 Total views 8 Total shares Recent Bitcoin (BTC) outflows from Coinbase are reminiscent of the “proof-of-keys” days and could be a sign of a bullish future, according to CryptoQuant…

The ministry’s panel will reportedly focus on developing a framework for a central bank digital currency based on a technical study carried out by the Bank of Japan over the past two years. 227 Total views 1 Total shares Own this piece of history Collect this article as an NFTJapan's Finance Ministry is planning to…

Fitch warned that mainstreaming Bitcoin without clarity can introduce volatility and operational risks for Salvadorans. 575 Total views 6 Total shares Fitch Ratings has become the latest global credit rating agency to warn El Salvador against adopting Bitcoin (BTC) as legal tender, expressing concerns that crypto assets could cause systemic risks for the Latin American…

A spike in Bitcoin transaction fees has seen the share of miners’ revenues represented by fees tag a two-year high. 712 Total views 11 Total shares Bitcoin (BTC) transaction fees have nearly tripled in three days, from $3.52 to $10.20 on average.According to crypto market data aggregator Glassnode, 22.25% of Bitcoin miners’ income is currently…