The average transaction fee for Bitcoin peaked at $3.19 on May 8, an increase of over 300% from the average fee of $0.62 on April 26. With the third Bitcoin rewards halving scheduled in approximately 14 hours at the time of press, the average value of transaction fees has surged more than 300%. According to…
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While the fear and uncertainty surrounding BTC has decreased quite substantially before the upcoming halving, experts have noted that the greed aspect of the F&G Index has increased greatly over the past couple of days. With Bitcoin’s (BTC) third mining rewards halving just over 24 hours away, mainstream market hype surrounding the event has grown…
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Representatives from the Loom Network have clarified that, though they have pivoted to an enterprise solution, the project remains active. On May 9, we wrote that the Loom Network, a platform-as-as-service blockchain project, appeared to no longer be active. Representatives from the platform have since responded publicly to Cointelegraph, indicating that the project is, in…
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Positive signs for Bitcoin have been increasing in different spaces, and the bullish trend seems to be more and more realistic. This is not the first time an event called halving has happened on the Bitcoin (BTC) network. The first halving took place in 2012; the second halving took place in 2016. Now, the third…
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Binance’s entrance to the Bitcoin mining industry could create a great disparity for the Bitcoin community. Binance has launched its own mining pool. This could spell bad news for miners, but probably not for the reason you’re thinking of. We’re all aware that Binance is continuing to extend its reach across the industry. The exchange’s…
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Check out this week’s Bad Crypto News. Only a few more days to go now before the halving! Less than a week and all those miners will be taking a giant pay cut. And it comes after a great week for Bitcoin. The price has risen by more than 6 percent over the last seven…
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Available information seems to indicate that Loom’s future is shaky. According to available information at press time, sources show a highly uncertain future for the Loom Network, a platform-as-as-service blockchain project. Cointelegraph investigated a number of Loom Network communication channels, finding no firm proof of a live project. A May 8 tweet from Bruno Skvorc,…
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A recent play sees international fiat digital asset exchange, OKCoin, bringing top brass from Blockchain.com and Coinbase to its front office. Global crypto exchange, OKCoin, has added two new members to its top bass — Haider Rafique, Blockchain.com’s former head of growth, and Megan Monroe-Coleman, Coinbase’s previous compliance executive. Megan Monroe-Coleman comes on board as…
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Looking at the perpetual funding rate, put–call ratio and Spend Output Profit Ratio to gauge the current market view leading up to crypto’s most-anticipated event. As Bitcoin (BTC) fast approaches its scheduled third halving, several metrics are now pointing toward positive market sentiment going into this most-anticipated event. The perpetual funding rate turns to positive…
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Former Google analytics advocate and current CMO for software startup Think3, Adam Singer, went on a rant about the crypto space recently. In the midst of rising prices, Adam Singer showed his disapproval of the entire crypto space, describing it as cultlike. “Bitcoin went from a creative economic experiment to cult of over exposed, get…
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