A Notable Decline in Annual NFT Sales, But Signs of Market Diversification and Growth Remains Recent figures reveal that non-fungible tokens (NFTs) sales took quite a hit as they plummeted to $8.70 billion in 2023, indicating a staggering 63.35% decrease compared to 2022’s $15.04 billion sales. In the previous year of 2023, there was aContinue reading “NFT Sales Plummet by 63% Yearly as Market Dynamics Take a Major Turn”
The Bitcoin Network Sets All-Time High On New Year’s Eve As we bid farewell to 2023, the renowned Bitcoin network attained a noteworthy milestone – an impressive 731,351 transactions were successfully processed in just one day. This achievement smashed the previous record established on December 24, 2023, known as Christmas Eve, when the network corroboratedContinue reading “Unprecedented Bitcoin Network Activity on New Year’s Eve: Daily Transfer Record Topples with 731,000+ Transactions”
The Future of Ethereum: Co-Founder Unveils Latest Roadmap In an intriguing new development, Vitalik Buterin, the co-founder of Ethereum, unveiled the 2023 roadmap for this revolutionary blockchain platform. Although there are some similarities to the roadmap of the previous year, this updated plan of action emphasizes Ethereum’s commitment to evolve its technical approach, and workContinue reading “Future of Ethereum: Vitalik Buterin Reveals Enhancements in Roadmap”
A Grand Sailing: Bitcoin Miners Witness a Phenomenal Spike in Revenue, December 2023 The final month of 2023 was rather fruitful for Bitcoin miners as they raked in their highest recorded monthly revenue of $1.51 billion. This noteworthy accomplishment was bolstered by a significant rise in onchain transaction fees, contributing an additional $324.83 million toContinue reading “Record-Breaking Bitcoin Mining Revenue in December 2023: Soaring Onchain Fees Lead to $1.51 Billion Accumulation”
A Fresh Take on the $5 million Purchase of Btc.com Mining Operations by Bit Mining Recently, Bit Mining Limited has shaken up the cryptocurrency industry with the announcement of a strategic business move. The leading edge organization has successfully transferred the mining pool operations of the renowned Btc.com to a Limited Liability Corporation operating outContinue reading “Bit Mining Trades BTC.com Mining Division at a Whopping $5 Million Value”
The Whirlwind Journey of Meme Coin BONK The recent entrance of meme coins into the cryptocurrency market has proven to be nothing short of dramatic. Take, for instance, the widely discussed BONK token. On the Solana network, users were engrossed with the BONK’s rapid rise, but it abruptly experienced a dive – a 41% slipContinue reading “Wild Ride of Meme Coins: BONK’s Value Drops Amid Market Ups and Downs, New Challengers Emerge”
Call for Inquiry into Cryptocurrency Comments by Senator Elizabeth Warren Perianne Boring, the CEO of the Chamber of Digital Commerce, has urged the Senate Ethics Committee to conduct a thorough investigation on Senator Elizabeth Warren. Boring accuses Senator Warren of propagating misleading and inaccurate claims about cryptocurrency. She asserts that these false narratives are notContinue reading “Probe Sought into Senator Elizabeth Warren Over Misrepresentation of Crypto Facts by Senate Ethics Committee”
Environmental Concerns of Bitcoin Mining and AI: A Comparative Study With the breakthrough of technology, new challenges have also thrusted into the spotlight. The environmental concerns for practices like bitcoin mining and generative artificial intelligence (AI) generation systems have garnered noticeable attention. There are surprising parallels when we discuss the energy consumption of both theseContinue reading “Unraveling the Environmental Impact: AI’s Challenge Mirrors Bitcoin Mining’s Criticism with 2,500 Pools and Unlimited Innovations”
An Unfolding Tale: Former US President, Donald Trump Cashing Out on Ethereum Here’s a surprising tidbit – Donald Trump, renowned as the 45th American President, was recently uncovered to be disposing of his Ethereum holdings, which are speculated to be in millions. This information was brought to the fore by Arkham, a celebrated crypto analysisContinue reading “Analysis Suggests Ex-US President Donald Trump Peddling Millions in Ethereum”