Auto Added by WPeMatico
Bitcoin (BTC) miners earned 44% more in transaction fees in the nine days since the halving than they did for the whole of April. If this continues miners will have more than doubled their income from transaction fees going forward. According to data from Coinmetrics, miners have collected the equivalent of 1,176 BTC in transaction […]
The post Bitcoin Miners Double Revenue: Fees Spiked Over 200% in 10 Days Since the Halving appeared first on Bitcoin News.
Powered by WPeMatico
On May 11, 2020, the Bitcoin network completed it’s third block reward halving and the network seems to be chugging along just fine. However, it may take a while longer to see the halving’s effect on the mining industry and right now bitcoin transaction fees have risen exponentially. Despite the rising fees, the research firm […]
The post 2 Days After the Bitcoin Halving: Network ‘Remains Strong,’ Higher Fees, Bullish Sentiment appeared first on Bitcoin News.
Powered by WPeMatico
Southern Vermont-based hip-hop artist, Krypto Man, has released a new single called “#Freeross” in hopes to get Ross Ulbricht released from prison. Krypto Man is a well known rapper on the east coast and revenue from the song will be donated to the nonprofit Freeross.org. Ross Ulbricht has also gathered more than 279,000 signatures so […]
The post Vermont Rapper Releases Hip Hop Track ‘#Freeross,’ Ulbricht Petition Nears 300K Signatures appeared first on Bitcoin News.
Powered by WPeMatico
The Iranian government has reportedly issued more than 1,000 licenses for cryptocurrency mining since it began regulating the industry. A number of large mining farms have set up in the country, but high electricity tariffs have kept many small investors away. Also read: Regulatory Roundup — New US Crypto Tax Bill, Central Banks Join Forces […]
The post Iran Issues More Than 1,000 Cryptocurrency Mining Licenses appeared first on Bitcoin News.
Powered by WPeMatico
Travala, the online platform that allows crypto users to book hotel rooms in thousands of destinations around the world, has registered remarkable growth in bookings during the Christmas holiday season. More than half of those in December were paid in cryptocurrency, with bitcoin cash among the preferred options. Also read: User Reports Reveal Visa and […]
The post Travala Scores 33% Revenue Growth With 60% of Bookings Paid With Crypto appeared first on Bitcoin News.
Powered by WPeMatico
One peculiar trend in the cryptocurrency industry is how crypto loans can become very lucrative. A lot of platforms and services now offer interest rates of up to 10% for specific currencies and assets. Although this gets many people excited, one has to openly question how sustainable this business model really is. Establishing Interest Rates The cryptocurrency lending business model is not that different from a bank loan. People are looking for funds and need to put up some form of collateral before they receive the money. Based on the amount of funds being lent, as well as the duration
The post High Interest Rates on Cryptocurrency Loans are not Sustainable appeared first on The Merkle Hash.
Powered by WPeMatico
The United States securities regulator has announced hefty fines for two crypto companies. The penalties have been imposed for EOS’ unregistered token sale and a fraudulent public offering. The Securities and Exchange Commission (SEC) intends to use some of the collected money to indemnify investors who suffered damages. Also read: SEC Commissioner Speaks Positively About […]
The post SEC Imposes Multimillion Dollar Fine for Unregistered EOS Token Sale appeared first on Bitcoin News.
Powered by WPeMatico
On August 19, the combined SHA-256 hashrate between the BCH and BTC networks touched a massive high of over 91 exahash per second (EH/s). One notable contribution to today’s network hashrates is the manufacturing of next-generation mining rigs that produce a significant number of terahash. Currently, the top machine released this summer is Pangolin’s Microbt […]
The post High-Powered Mining Rigs Drive Bitcoin’s Accelerating Hashrate appeared first on Bitcoin News.
Powered by WPeMatico
There are many different ways to increase one’s cryptocurrency holdings. Some do it by buying more coins, while others try to mine altcoins with a GPU or ASIC. Another option worth looking into is known as cryptocurrency staking. While not all cryptocurrencies support it, it is a very powerful protocol to earn some passive revenue along the way. What Is Cryptocurrency Staking? As the name somewhat suggests, coin staking revolves around users locking up a specific amount of a supported currency in the hopes of staking it for additional network rewards. This process is very similar to how bank accounts
The post What Is Cryptocurrency Staking? appeared first on The Merkle Hash.
Powered by WPeMatico
22 months since Wells Fargo suspended the processing of withdrawals sent by four Taiwanese banks that service Bitfinex, the platform remains among the top 20 exchanges by adjusted volume. While Bitfinex hosted more than $5 billion in trade this past month, the exchange has struggled to establish reliable banking partners, with traders seeking to deposit […]
The post Bitfinex Partnered With at Least 6 Different Banks During 2018 appeared first on Bitcoin News.
Powered by WPeMatico