Transaction fees for Bitcoin have eased, following their surge to more than $18 per transaction on two separate occasions last week. As of November 24, 2023, the average fee per transaction stood at roughly $5.89, with the median fee per transfer being $2.86. Bitcoin Fees Cool Down — November’s Mining Revenue Has Already Outstripped October’s…
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On Friday, data revealed a notable shift in Grayscale’s Bitcoin Trust, commonly referred to as GBTC, as its discount to net asset value (NAV) contracted to single digits for the first time in 2023. The figures indicate that GBTC’s discount reached 8.06%, a level last observed two years ago. GBTC Discount to NAV Reaches Single-Digit…
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Agustin Carstens, general manager of the Bank for International Settlements (BIS), has discussed tokenization’s significance in modernizing the current siloed financial system. Carstens stated that only through tokenization can the world move to a more interconnected and programmable financial system, where several central bank digital currencies (CBDCs) will be transacted seamlessly. BIS Head Agustin Carstens…
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Martin Shkreli, also known as ‘Pharma Bro,’ directed his attention to former Binance CEO Changpeng “CZ” Zhao’s situation, with CZ having recently pleaded guilty to money laundering charges as part of a $4.3 billion settlement. “Jail ain’t so bad,” Shkreli stressed, speculating that CZ could spend up to 1 year in jail or get probation.…
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As Bitcoin price breaks the $38,000 barrier for the first time since May 2022, the crypto community is abuzz with anticipation: could $40,000 be the next milestone? Currently trading at $37,790, marking a 1.25% increase on Saturday, Bitcoin is showing signs of a robust recovery. This resurgence aligns with PlanB’s projection, emphasizing an average BTC…
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On Friday, Wallet of Satoshi, a provider of Lightning Network payment services, announced its departure from the U.S. market, though it refrained from providing specific reasons. The firm informed its U.S. clientele that they could “withdraw and transfer” their funds to a different wallet. Wallet of Satoshi Halts U.S. Operations A recent update on X…
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In a decision by the Podgorica High Court, ex-Terraform Labs chief executive Do Hyeong Kwon (Do Kwon) is set to be extradited following his four-month incarceration in Montenegro for fabricating travel papers. The extradition bids originate from both the United States and South Korea, with the final determination of Kwon’s destination resting in the hands…
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As Bitcoin market capitalization reaches an impressive $730 billion, the cryptocurrency world turns its gaze towards the future, speculating whether BTC can sustain its current upward trajectory. The current live price of Bitcoin is $36,579, marking a 1.50% decline over the last 24 hours. Despite this slight dip, Bitcoin maintains its dominance in the crypto…
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F2Pool, a Bitcoin mining pool, has admitted to filtering transactions coming from Bitcoin addresses flagged by the Office of Foreign Assets Control (OFAC). After the situation was discovered by 0xB10C, a Bitcoin developer, F2pool co-founder Chun Wang acknowledged that his pool was indeed applying this filter, announcing it would drop the censorship until there was…
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While the recent settlement between Binance, its former CEO Changpeng Zhao, and the U.S. Department of Justice (DOJ) has shocked the entire crypto industry due to the supposed money laundering and terrorism-related financial implications it has, many analysts and execs believe this is ultimately a good outcome, considering that it will cause the crypto space…
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