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Block Demand Leads to Fee Spike as Bitcoin-Based Meme Coins Flourish

[May 8, 2023 5:21 AM] Over 11,000 tokens have been issued and traded on the Bitcoin network, data shows.

Liechtenstein Plans to Accept Bitcoin for Payments to State, Prime Minister Says: Report

[May 8, 2023 5:00 AM] Under the plans, any crypto received will immediately be exchanged for Swiss francs, Prime Minister Daniel Risch told German news publication Handelsblatt.

Meme Coin Trading Volume Surges to Two-Year High, Signals Caution for Bitcoin Bulls

[May 8, 2023 4:13 AM] Speculative mania in meme coins has historically presaged bearish reversals in bitcoin.

Binance ‘FUD’ meets CPI — 5 things to know in Bitcoin this week

[May 8, 2023 3:57 AM] A spike in transaction fees and repeated BTC withdrawal outages at Binance provide a fraught backdrop to a week of Bitcoin volatility triggers.

Bitcoin Block 788695: The Day Transaction Fees Took The Crown

[May 8, 2023 3:18 AM] Bitcoin, the largest cryptocurrency by market capitalization and trading volume, sets another record with Block 788695 as transactions on its blockchain network spiral out of control. Recently, there has been an alarming rise in user transactions…

Why Is Bitcoin Down Today? Crypto Market Takes Another Hit

[May 8, 2023 1:00 AM] The Bitcoin price lost 4.2% over the past weekend and slid again to $28,000. The broader crypto market is also consistently in the red. The second largest cryptocurrency by market cap, Ethereum, is down 6% since Friday. Why Are Bitcoin And Crypto…

‘Bitcoin is not under attack:’ BTC maxis allay fears of a DoS offensive

[May 7, 2023 10:39 PM] Concerns circulated on Crypto Twitter of a denial of service (DoS) attack on the Bitcoin network.

Russia May Take Up 18% of Bitcoin Hashrate in Next Big Migration of Crypto Miners, Experts Say

[May 7, 2023 10:30 PM] Increasing regulatory pressures, tax burden and energy costs in countries like the U.S. and Kazakhstan are likely to result in a new great migration of crypto miners, Russian analysts believe. Under such a scenario, Russia has what it takes to…

If Over 2,300 Banks In America Are Bankrupt, Will Bitcoin Break Above $40,000?

[May 7, 2023 8:41 PM] The United States banking system is in trouble as over 2,300 financial institutions could have more liabilities than assets, recent analysis reveals. Subsequently, analysts say this could boost Bitcoin prices in the weeks and months ahead if the…

Binance Resumes Bitcoin Withdrawals After Second Pause, Says Its Adjusting Fees and Integrating Lightning Network

[May 7, 2023 8:31 PM] The second pause comes less than eight hours after its first pause as the crypto exchange grapples with unprecedented Bitcoin network congestion.

Bitcoin Price Faces Another Rejection, Risk of Renewed Downtrend Increases

[May 7, 2023 8:31 PM] Bitcoin price failed to clear the $30,000 resistance. BTC is declining and remains at risk of a move toward the $27,200 support zone. Bitcoin is moving lower from the $29,750 resistance zone. The price is trading below $28,800 and the 100 hourly…

First Mover Asia: Bitcoin at $28.6K Remains Unstirred by Binance Temporary Withdrawal Pause

[May 7, 2023 6:23 PM] PLUS: Bitcoin maximalists find Ordinals annoying. But they are a good thing for the network in the long run.

Bitcoin Network Congestion Causes Binance to Pause Withdrawals

[May 7, 2023 1:06 PM] The world’s biggest crypto exchange has now resumed withdrawals, but problems continue to linger for the bitcoin protocol.

5 cryptocurrencies with the best upside potential in the week ahead

[May 7, 2023 10:42 AM] Bitcoin and Ethereum's ETH are finding buyers at lower levels, which may be a bullish sign for XMR, OKB and RPL.

Bitcoin Network Overwhelmed by 390,000 Unconfirmed Transactions and Surging Fees

[May 7, 2023 10:30 AM] In just under two weeks, the number of unconfirmed transactions on the Bitcoin network has skyrocketed from 134,000 to over 390,000, causing a bottleneck in the mempool. This surge in unconfirmed transactions has resulted in a staggering 343%…

Bitcoin’s BRC20 Token Economy Skyrockets 192% to $279 Million in Just Four Days

[May 7, 2023 9:30 AM] Four days ago, the market capitalization of all the BRC20 tokens built on top of the Bitcoin network was a modest $95 million. However, over the past four days, the BRC20 market valuation has seen tremendous growth, increasing by 192% and reaching…

Crypto Firms’ Plans To Leave The US Speak Imminent Doom, Says Tim Draper

[May 7, 2023 2:00 AM] The United States is gradually becoming too hot for crypto firms to operate due to unclear and stringent regulatory approaches. For instance, a recent development that sparked an outcry was the proposal to impose a 30% excise tax on crypto-mining…

Bitcoin Struggles To Break $30,000 Resistance Level: Here’s Why

[May 7, 2023 1:00 AM] The cryptocurrency market has been trading sideways in recent weeks, with the leading token, Bitcoin, following a similar pattern. Despite numerous attempts in April, Bitcoin has struggled to break the $31,000 mark. The price is blocked by its…

Cardano Whales Accumulating – Why Is ADA Bearish?

[May 7, 2023 12:00 AM] Despite a massive Cardano whale accumulation, ADA, its native currency, remains bearish, prompting questions about the strength of the underlying fundamentals and whether the leg up of Q1 2023 is over. ADA’s volatility has been dropping in…

Watch these Bitcoin price levels next as BTC dips 3% in choppy weekend

[May 6, 2023 10:46 AM] Some swift downmoves fail to make Bitcoin dislodge a familiar trading range, with one trader calling it "in limbo."

Bitcoin trader eyes $63K BTC price for new Bollinger Bands ‘breakout’

[May 6, 2023 8:20 AM] BTC price action is shaping up to repeat a rare Bollinger Bands breakout, which only happens once per halving cycle, data suggests.

Bitcoin Miners Reap Profits As Mining Difficulty Hits 3-Month Low

[May 6, 2023 2:53 AM] Bitcoin miners have received a boost in profits after the scheduled difficulty level adjustment resulted in a positive balance. This is the first time since February that the difficulty, which controls the issuance of coins on the network, has…

Crypto Miners Pay Kazakhstan $7 Million in Taxes Amid Uncertain Future for Sector

[May 5, 2023 5:30 PM] The government of Kazakhstan has collected over $7 million in taxes this and last year from enterprises mining cryptocurrency in the country. The news comes amid growing regulatory pressure that is limiting the industry’s access to low-cost energy…

BRC-20 Token Standard A Hotspot For New Memecoins As PEPE Soars

[May 5, 2023 5:00 PM] The memecoin ecosystem has once again brought magic to crypto investors as PEPE the frog records massive gains and unbelievable numbers. The now popular PEPE meme token based on Ethereum was originally inspired by the Bitcoin BRC-20 PEPE which…

Bitcoin Breaks Out: Experts Predict $36,000 Target As Market Outlook Remains Positive

[May 5, 2023 2:30 PM] Bitcoin (BTC), the world’s largest cryptocurrency, could be set for a significant price surge in the coming weeks, according to experts at Matrixport, a leading provider of cryptocurrency financial services. The company has projected a target…

Former DoJ Kennedy Jr, Laments on Global Financial Censorship, Shows Support For Bitcoin

[May 5, 2023 1:30 PM] The former US Department of Justice Attorney General Robert Francis Kennedy Jr, recently lamented the growing financial censorship worldwide and showed support for Bitcoin. The financial censorship of political enemies is something we’re used to…

Price analysis 5/5: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, SOL, DOT, LTC

[May 5, 2023 10:32 AM] Ether has broken out of its triangle and that may pull Bitcoin price above $30,000.

Pump the BRCs: The Promise and Peril of Bitcoin-backed Tokens

[May 5, 2023 10:27 AM] A new way of issuing tokens on Bitcoin is growing fast. So why did their creator warn that they “will be worthless”?

Craig Wright Shows ‘Prima Facie Evidence’ of Contemptuous Conduct, U.S. Judge Says

[May 5, 2023 9:51 AM] The computer scientist who claims to be Satoshi Nakamoto is still engaged in a $143 million dispute over bitcoin ownership.

4 Reasons To Be Bullish On Bitcoin In Short-And Mid-Term

[May 5, 2023 7:00 AM] The Bitcoin price continues to consolidate within the trading range between $27,800 and $30,000. Even though the buy side currently seems to have lost momentum and the bears feel in control, there are numerous good arguments why the Bitcoin price…