Bitcoin Miners Hold Strong Despite Revenue Drop Post-Halving

Bitcoin Miners Hold Strong Despite Revenue Drop Post-Halving

In A Nutshell Despite a significant drop in revenue following the Bitcoin halving event in April, Bitcoin miners are showing resilience. CryptoQuant CEO Ki Young Ju points out that there is no apparent signs of miner capitulation, a scenario where miners sell off their holdings due to unprofitability, despite facing reduced profits. This determination comes…

Lost Bitcoin: Boosting Scarcity & Market Challenges

Lost Bitcoin: Boosting Scarcity & Market Challenges

In A Nutshell Understanding the fate of lost Bitcoin is crucial in the digital currency world. Bitcoin, a decentralized digital currency, becomes “lost” when its owners cannot access or control it due to various reasons such as private key compromise, user error, or malicious activities. With a maximum supply of 21 million BTC, the loss…

SEC Chair Gensler Under Fire Over Ethereum Stance

SEC Chair Gensler Under Fire Over Ethereum Stance

In A Nutshell U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler has come under fire from Rep. Patrick McHenry, chairman of the House Financial Services Committee, for allegedly misleading Congress about the SEC’s stance on Ethereum (ETH) during a hearing. Despite the SEC investigating ETH as a security, Gensler abstained from commenting on its…

Coinbase Integrates Lightning for Faster BTC Trades

Coinbase Integrates Lightning for Faster BTC Trades

In A Nutshell Coinbase, a leading cryptocurrency exchange, has announced the integration of the Lightning Network for Bitcoin transactions. This new feature offers users the option for faster and more cost-efficient transfers by leveraging the layer-2 Lightning Network technology. The move aims to enhance the user experience by providing instantaneous Bitcoin transfers, contrasting the traditional…

Crypto Titans Clash Over ‘ETHGate’ Allegations

Crypto Titans Clash Over ‘ETHGate’ Allegations

In A Nutshell A recent debate has emerged between Ripple’s CTO, David Schwartz, and Cardano’s co-founder, Charles Hoskinson, primarily focused on the alleged regulatory favoritism towards Ethereum, dubbed as ‘ETHGate’. This discussion highlights concerns over fairness and transparency within cryptocurrency regulation and questions the influence of Ethereum community members on regulatory decisions impacting Ripple’s XRP….

MicroStrategy Buys More Bitcoin Despite $53M Q1 Loss

MicroStrategy Buys More Bitcoin Despite $53M Q1 Loss

In A Nutshell MicroStrategy, recognized as the largest corporate holder of Bitcoin, faced a $53.1 million net loss in Q1 of 2024, driven by a significant digital asset impairment loss. Despite the financial downturn, the company persisted in its Bitcoin acquisition strategy, purchasing an additional 122 Bitcoin in April. This move comes amidst a backdrop…

USDC Surpasses USDT in Transactions, Visa Reports

USDC Surpasses USDT in Transactions, Visa Reports

In A Nutshell In an unexpected development within the stablecoin sector, Visa’s on-chain analytics reveal that Circle’s USD Coin (USDC) has surpassed Tether’s USDT in terms of transaction count. As of April 2024, USDC recorded 166.6 million transactions, edging past USDT’s 163.6 million. This shift marks a significant milestone, given Tether’s dominance as the largest…

Crypto User Base to Hit 1 Billion: Woo vs. BCG Debate

Crypto User Base to Hit 1 Billion: Woo vs. BCG Debate

In A Nutshell The cryptocurrency sector is on a remarkable trajectory, with projections indicating the potential to reach one billion users by the end of 2025, as per Bitcoin analyst Willy Woo. This prediction rests on an extensive analysis aggregating numerous prior studies, offering a comprehensive view into the future of crypto adoption. Meanwhile, a…

Blockchain Rollups Boost Efficiency and Cut Costs

Blockchain Rollups Boost Efficiency and Cut Costs

In A Nutshell Blockchain rollups are innovative scalability solutions designed to enhance the efficiency of blockchain networks. By processing and bundling multiple transactions off-chain before finalizing them on the main blockchain, rollups effectively reduce congestion and lower transaction costs—all while preserving the security and integrity of the network. This technology, encompassing Zero-knowledge (ZK) rollups and…