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Bitcoin miners are the main beneficiaries of current sky-high transaction fees, data shows, but many longtime market participants have little time for complaints. Commentators: High Bitcoin fees are inevitable The latest wave of Bitcoin Ordinals inscriptions has resulted inelevated transaction feesfor all network users â but some believe that they are here to stay. Per BitInfoCharts, it currently costs just...
BONK Phone, Who Dis? The Saga smartphone. (Danny Nelson/CoinDesk) The once-struggling Solana phone is turning into a sellout. And the memecoin BONK is almost certainly the reason why. Arbitrage traders appear to be chasing a 30 million BONK token airdrop that's available to every owner of the Saga phone. At current prices that much BONK is worth nearly $700 for...
A change to the structure of proposed spot bitcoin ETFs would enable authorized participants (APs) to create new shares in the fund with cash, rather than only with cryptocurrency, essentially opening the door to banks who cannot hold crypto directly. A change to the mechanics of BlackRock's proposed spot bitcoin(BTC)ETF opens the door for Wall Street banks, which face restrictions...
Google will allow ads for U.S. based-crypto trusts from January, with the change seemingly coming in the same month that spot Bitcoin ETFs are predicted to be approved. Decentralized finance (DeFi) protocol Venus confirmed it was impacted by an issue with one of its price feed oracles, resulting in borrows totaling around $270,000 on Dec. 11. However, it has downplayed...
Ether, Solana Hit 19-Month Highs as Bitcoin Rally Halts with Traders Fearing 'Bull Trap'. BitMex founder Arthur Hayes speculated about SOL hitting near $100 in a bullish weekend for altcoins. Solana price (CoinDesk) Ether, solana rallied to new 2023 highs as bitcoin dipped to $43,000. Bitcoin traders fear "bull trap," growing fear could propel BTC towards $50,000, Santiment said. Bitcoin's(BTC)rally...
Short traders betting against higher bitcoin (BTC) prices lost some $90 million on Tuesday alone, adding on to the $70 million in short liquidations on Monday. (Alexander Grey/Unsplash) Bitcoinâs ever-growing prices are leaving at least one group startled by the rapid bumps: Those placing highly leveraged short futures bets aimed at profiting from potential price reversal. Short traders betting against...
Ether also rose past $2,200 for the first time in months. The price of bitcoin(BTC)moved past $41,000 during the Monday business day in Asia, for the first time since April 2022 âprices not seen before the crash of Terraâ while Ether(ETH)moved past $2,200. Bitcoinâs price had been toying with the $40,000 level in recent days, but finally breached it Monday...
Bitcoin Going From Boiling the Oceans to Draining Them, According to Critic Swimming pool water (Aquilatin/Pixabay) Longtime Bitcoin(BTC)critic Alex De Vries said each transaction on the Bitcoin network uses over 16,000 liters of water, enough to fill a small swimming pool. De Vries yesterdaypublished a research paperwith his findings, arguing that a combination of miner cooling systems and the water...
Armstrong said the recent enforcement action against bad actors such as Binance or former crypto exchange FTX could âclose the chapterâ on that part of cryptoâs history. Coinbase CEO Brian Armstrong (Coinbase) Coinbase (COIN) CEO Brian Armstrong says the industry can finally close the chapter of bad actors after the recentsettlementbetween Binance and the U.S. Department of Justice. âThere certainly...
The U.S. Department of Justice (DOJ) argues that Binance's former CEO should remain free until sentencing â but only in the U.S. Department of Justice (Shutterstock) The U.S. Department of Justice doesn't want Changpeng 'CZ' Zhao locked up until sentencing, but it doesn't want him to leave the United States either, arguing in a new filing that he's a "flight...
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