Bitcoin mining operations reached unprecedented daily profit levels shortly after the halving, dispelling concerns about their viability. According to available data, miners earned a total of $107 million in block rewards and transaction fees. This figure significantly exceeds the previous record of $77 million set in April 2021. Why Bitcoin Miners’ Profits Soar The largest portion of this revenue, approximately 75%, or $80 million, came from trading fees. The remaining $27 million came from block grants. Specifically, Bitcoin miners are rewarded for validating transactions and resolving blocks. Noticeable trends emerge when: test Bitcoin’s top 10 most valuable blocks in terms…
Author: Crypto Flexs
Read More
Exchange outflows hit a yearly high, signaling optimistic confidence. The price of ETH may struggle to break above $3,255 in the near term. Unknown to many, Ethereum (ETH) recorded its highest exchange outflow of 2024 on April 18th. On this day, market participants withdrew 143,000 ETH from the platform, per CryptoQuant. Exchange outflows signal a lack of selling appetite, suggesting that the altcoin may not experience a significant capitulation. The last time ETH saw this happen was on February 7th and March 26th. When the accumulation occurred last February, the price of ETH was $2,372, and the value of the…
join us telegram A channel to stay up to date on breaking news coverage The recent Bitcoin halving created optimism and excitement about a meme coin recovery, providing an opportunity to invest in promising meme coins before the end of April. This particular meme coin catches the eye with promising gems worth considering: Pepe (PEPE), dogwifhat (WIF), and Dogeverse (DOGEVERSE). Let’s take a look at why these coins are gaining attention and why you might want to include them in your portfolio soon. Pepper (PEPPER) Pepe, affectionately known as PEPE, has been on a roller coaster ride lately. Despite suffering…
If we do the research, you can get alpha!Get exclusive reports and key insights on airdrops, NFTs, and more! Subscribe to Alpha Reports now and enjoy the game!Go to Alpha ReportBitcoin’s latest bisector An event has occurred. Are you ready for what’s next? The much talked about quadrennial event included in the Bitcoin code occurs approximately every four years. The first happened in November 2012, the second in July 2016, the third in May 2020, and the most recent was Friday, April 19, 2024.With the fourth block down, the next block is already 210,000 blocks away from being mined. This…
A Nigerian court has rescheduled the hearing of a tax evasion lawsuit against Binance and some of its executives to May 17. The delay represents the latest development in the ongoing regulatory saga between various agencies of the Nigerian government and the Malta-based cryptocurrency exchange. Related Read: Is India Imminent? Nigerian Authorities Track Fugitive Binance Executive to Kenya – Report Tax case postponed due to legal stay On March 22, Nigeria’s Federal Inland Revenue Service (FIRS) arrested Binance and two of its executives, Nadeen Ahjarwalla, Head of Financial Crimes Compliance, and Tigran Gambaryan, Regional Manager for Africa. He was indicted…
Disclosure: This article does not represent investment advice. The content and materials presented on this page are for educational purposes only. Crypto analyst Will Woo predicted that Bitcoin’s value could soar to $650,000 in optimistic circumstances. Terra Classic’s community pool balance has reached a new all-time high of 5 billion LUNC. NuggetRush’s gaming platform has become a hot topic due to its Play-to-Ener concept. One cryptocurrency analyst has made an optimistic prediction that the value of Bitcoin could soar to $650,000 in an optimistic scenario. Meanwhile, the Terra Classic community pool balance reached an impressive milestone, reaching an all-time high…
The first four awards, including Finney’s, are intended to retroactively reward those who made the greatest contributions to Bitcoin during the period between the first four halvings: 2009-2012 (Finney), 2012-2016, 2016-2020, and 2020. . 2024. The award will then be awarded to the person who has contributed the most over the intervening four years.
Disclosure: The views and opinions expressed herein are solely those of the author and do not represent the views and opinions of crypto.news editorial. The Markets in Cryptocurrency Assets Regulations (MiCA) was signed into law in June 2023, finally creating a framework for 27 countries. Although this was groundbreaking legislation for a region that accounts for nearly 20% of the global economy, MiCA start A 12-18 month transition, transformation and customization process; This is because, as the European Securities and Markets Authority points out, MiCA contains “a significant number of level 2 and level 3 measures” that still need to…
The United States and Nigeria are ready to explore potential partnership opportunities in the areas of the digital economy, emerging technologies, and advancements in artificial intelligence (AI). The aim of these discussions is to strengthen economic relations between the two countries and promote closer cooperation in this field. The U.S. Embassy’s Deputy Chief of Mission, Arthur Brown, announced that senior U.S. officials will travel to Abuja for meetings under the auspices of the U.S.-Nigeria Bilateral Committee. The meeting will provide a platform for the two countries to discuss the digital economy, emerging technologies and advances…
A widely respected cryptocurrency strategist says a competitor to Solana (SOL) may be preparing for a breakout. Pseudonymous analyst Altcoin Sherpa says 215,200 followers on social media platform “Coins like SEI are in critical territory. The overall increase in the 200-day exponential moving average (EMA) is .618 Fibonacci level. If you like the technology, this might be a good place to bid. I personally would stay away from this, but it could be a decent deal. There will obviously be a heavy reliance on BTC.” Source: Altcoin Sherpa/X SEI is trading at $0.56 at the time of this writing, up…