Bitcoin

Bitcoin’s blockchain is undergoing a historic transformation, spearheaded by the introduction of the Runes token standard. This new development enhances the functionality of Bitcoin by enabling the creation of fungible tokens. It also significantly boosts transaction fees and miner revenue, reshaping the economic landscape of the network. Altcoins on Bitcoin Mark a New Milestone Lucas Outumuro, Head of Research at IntoTheBlock, recently highlighted the seismic impact of Runes, describing it as “absolutely insane.” He pointed to the surge in daily…

The trustee overseeing the bankruptcy proceedings of the defunct crypto exchange Mt. Gox has reportedly taken a significant step forward in facilitating Bitcoin repayments. Several users of the social media platform Reddit reported that Mt. Gox’s official website was amended to include crypto payment options. Mt. Gox’s Bitcoin Payout The recent update has sparked mixed reactions among creditors. While some remain skeptical, others speculate that the crypto exchange might initiate repayments sooner than expected, potentially concluding before October 31, 2024.…

The post How Will Bitcoin (BTC)’s Halving Impact Meme Coins Shiba Inu (SHIB) and Furrever Token (FURR)? appeared first on Coinpedia Fintech News The long-awaited Bitcoin halving, occurring on April 20th, has sparked anticipation across the crypto sphere, with investors eagerly awaiting its impact on the market landscape. As attention focuses on the flagship cryptocurrency, questions arise about how this significant event will influence the trajectories of meme coins like Shiba Inu (SHIB) and Furrever Token (FURR). Amidst the buzz…

The price of Bitcoin fell drastically towards the $60,000 mark in the days leading up to the just concluded halving. On-chain data has shed light on what could very well be the reason for this price dip in the middle of all the excitement around the halving. Particularly, data has revealed that some miners have been selling their holdings in the days leading up to the halving event, with the entire BTC holdings of miners hitting a 12-year low.  Miners’…

Bitcoin mining operations reached unprecedented daily revenue levels immediately following the halving, dispelling concerns over their viability. According to available data, miners collectively earned around $107 million from block rewards and transaction fees. This figure significantly surpasses the previous record of $77 million established in April 2021. Why Bitcoin Miners’ Revenue Soared The lion’s share of this earning, approximately 75% or $80 million, stemmed from transaction fees. The remaining $27 million originated from the block subsidy. Notably, Bitcoin miners earn…

The post Bitcoin Halving Event Completed: Here’s What To Expect Next For Crypto Market. appeared first on Coinpedia Fintech News With the Bitcoin price making a strong intraday comeback, the Bitcoin Halving brings a bullish relief. However, the broader market sentiment shows minimal changes as the market remains under bearish influence.  After the successful Bitcoin Halving this past Friday, the blockchain reached a total of 840,000 blocks. The halving event also reduced the mining reward to 3.125 Bitcoin per block.…

The post Bitcoin, Ethereum and XRP Price Prediction:  Can we See Post-Halving Rally This Week? appeared first on Coinpedia Fintech News With the successful Bitcoin Halving this Friday, the blockchain completes 840,000 blocks. Further, the halving reduces the mining reward to 3.125  Bitcoin per block. As the event is known for creating bull markets, the fourth halving comes at a rather wrong turn in global markets.  As the U.S. markets stand at a vulnerable stage and the Iran-Israel conflict creates…

The post Top Altcoins to Stack This Week Post Bitcoin Halving appeared first on Coinpedia Fintech News Following the most-anticipated event in crypto history, the fourth Bitcoin Halving successfully occurred this Friday. However, the bulls are quite silent, considering the past performances around Halving. Nevertheless, the altcoins are stepping into the game and preparing for the next bullish surge. The shift in the underlying sentiments is partially visible in the price action in these altcoins, teasing a moonshot. So, let’s examine our…

The post Crypto Market Prediction Next Week: What To Expect From Altcoins And Bitcoin appeared first on Coinpedia Fintech News Bitcoin completed its fourth halving event yesterday, and subsequently, the cryptocurrency market began to trend upwards, attempting to restore its bullish momentum. Contrary to the expectations of several analysts who predicted immediate selling pressure post-halving, the market reacted oppositely. With cryptocurrency prices continuing to rise, there is a strong likelihood of a bullish week ahead for Bitcoin and major altcoins.…