In a recent development within the Bitcoin community, a griefing attack on the Bitcoin testnet caused a significant surge in network activity. This attack was orchestrated by Jameson Lopp, the co-founder and Chief Security Officer of Casa. Lopp publicly admitted to being behind the incident, leading to backlash from other Bitcoin developers. He described the
Crypto
Bitcoin has recently seen a significant drop in value, falling more than 15% from its mid-March peak and hitting a ten-day low of under $62,000. Analysts have been quick to point out that the Bitcoin halving has concluded, yet the cryptocurrency continues to print red candles. This has raised concerns among investors who are unsure
After the recent halving event, Bitcoin experienced a dip to $62,500, causing concern among traders. While the price briefly surged above $67,000, it has since been fluctuating in the $63,000-$64,000 range and currently sits at $62,000. The market saw over $100 million in liquidations due to this downturn. Despite this, analysts are hopeful for a
The recent CryptoQuant report has highlighted a significant drop in the portion of Bitcoin miner revenue derived from transaction fees. This decline comes after a surge on the day of the last halving event. The fourth Bitcoin halving, which occurred last Friday, resulted in miner block rewards being cut in half to 3.125 bitcoins (BTC).
The cryptocurrency platform Upbit, based in South Korea, has established itself as a dominant player in the country’s trading activity, accounting for over 80% of the market. However, its growing influence has raised concerns, especially as South Korea prepares to implement new legislation aimed at safeguarding investors in the aftermath of the TerraUSD stablecoin collapse
In a recent survey conducted by accounting firm KPMG, it was found that institutional investors in Canada have significantly increased their exposure to cryptocurrencies compared to the previous bull market cycle. This trend indicates a growing interest in alternative asset classes as a hedge against debasement and as reliable stores of value in the face
The meme coin sector has seen a significant surge in growth, with coins like Dogecoin (DOGE) and Shiba Inu (SHIB) leading the way. Alongside these well-established tokens, newer players such as dogwifhat (WIF) and Pepe (PEPE) are also gaining traction within the market. This growth has resulted in the sector’s market capitalization briefly reaching over
Bitcoin has reached a new milestone in its transaction activity, with daily transactions peaking at 927,000. This surpasses the previous record of 724,000 set in December 2023, showcasing the network’s growing popularity and utility. The introduction of Runes, a new token standard on the Bitcoin blockchain, has played a significant role in driving this surge
Jabara Igbara, also known as “Jay Mazini,” recently faced the consequences of his fraudulent actions as he was sentenced to seven years in prison by U.S. District Judge Frederic Block. This sentence came after Igbara pleaded guilty to wire fraud and money laundering charges, admitting to scamming investors of at least $8 million. The United
Bitcoin (BTC) has faced significant pullbacks since the bear market of 2022, with drops as high as 23% in value. These declines, while daunting, present an opportunity for investors to maximize their returns by buying at discounted prices and benefiting from subsequent rebounds. Crypto trader and analyst Rekt Capital highlighted the potential for good returns