Bitcoin Users – DIGIT INFO

Bitcoin Makes Progress in Clearing Backlog, but Lightning Network Capacity and Channels Dropped Amid Congestion

DIGIT — Sun, 14 May 2023 16:19:57 +0000

In the past week, the Bitcoin network has made progress in resolving its congestion issues. On May 7, 2023, the number of unconfirmed transactions reached an all-time high of over 500,000 transfers, causing a major backlog. However, as of today, that number has been reduced to 263,406. Currently, 184 blocks need to be cleared to […]

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Three-quarters of BTC addresses still in profit despite market decline: Glassnode

DIGIT — Tue, 12 Apr 2022 04:47:55 +0000

The report by Glassnode also revealed that up to 60% of the transaction volume is in what it calls “profit dominance”, and long-term holders are the most likely to be in the green.

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US Court Authorizes IRS to Summon Cryptocurrency User Records From Circle and Poloniex

DIGIT — Sun, 04 Apr 2021 15:30:24 +0000

The Internal Revenue Service (IRS) has obtained authorization from a federal court to seek information on cryptocurrency users from Circle and Poloniex exchange platforms. The tax authority wants records identifying crypto users who conducted $20,000 or more in crypto transactions during the years 2016 to 2020 as well as other documents relating to their crypto […]

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Is Bitpay Bullying Other Bitcoin Wallets and Hurting Users’ Privacy?

DIGIT — Mon, 08 Jan 2018 21:30:11 +0000

Bitpay is facing a backlash against its decision to implement a controversial feature it says is meant to protect bitcoin users. The leading payment processor is accused of abusing its dominant position to bully wallet providers into supporting its plans, degrading users’ privacy and hurting the use of bitcoin altogether. Also Read: Cryptocurrency Hedge Fund […]

The post Is Bitpay Bullying Other Bitcoin Wallets and Hurting Users’ Privacy? appeared first on Bitcoin News.

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