Over 200 BTC From 2013 and 2012 Wallets Awaken, Now Valued at Over $14M

June 10, 2024 Bitcoin.com

Over 200 BTC From 2013 and 2012 Wallets Awaken, Now Valued at Over M

Bitcoin

Over the past weekend, 211.51 dormant bitcoins valued at $14.79 million were reactivated after over a decade of inactivity. More than half of these funds originated from bitcoin wallets that had been inactive since 2012. Vintage Bitcoin Wallets Unleash 211.51 Bitcoin Since June 8, 2024, a series of four transactions brought 211.51 dormant bitcoins back […]

Fantom Foundation Commits Over 4,000,000 in FTM to Sonic Labs Accelerator Program

Fantom Foundation Commits Over $144,000,000 in FTM to Sonic Labs Accelerator Program

Sleeping Bitcoins Worth $13.87M Move After 11 Years, Transfer Exposes 2013 Whale

June 3, 2024 Bitcoin.com

Bitcoin

According to data from June 3, an entity with eight wallets created in 2013 moved 200 BTC valued at $13.87 million after the funds remained untouched for over 11 years. If sold today, the value of these bitcoins has increased by 197,785% since their acquisition. Spending 200 Bitcoin Unveils Previous Transactions From 2013 On Monday, […]

Fantom Foundation Commits Over $144,000,000 in FTM to Sonic Labs Accelerator Program

Bitcoin Runes hype fades, transactions plummet 84%

May 23, 2024 Coin Telegraph

bitcoin blockchain

Bitcoin Runes protocol caused an initial surge in Bitcoin transactions, exceeding 50% at its peak. Did the hype clog clear out?

The Bitcoin Runes protocol is struggling to maintain its share of Bitcoin transactions. Since its launch on April 20, Runes transactions have dominated Bitcoin blockchain traffic on eight different days, mostly during the weekends.

The Bitcoin Runes launch coincided with the fourth Bitcoin halving. The resultant hype saw transaction volume shoot up on the Bitcoin blockchain. Revenue from Bitcoin (BTC) mining exceeded the $100 million mark for the first time, recording an all-time high daily earnings of $107.7 million.

Transactions attributed to the Runes protocol accounted for over 50% of all Bitcoin transactions until April 24. The peak occurred on April 23, when these transactions represented 81.3% of the bandwidth. However, by May 2, this figure had dropped to 11.1%.

Fantom Foundation Commits Over $144,000,000 in FTM to Sonic Labs Accelerator Program

32 Vintage ‘Sleeping Bitcoin’ Wallets Spring to Life in May, Surpassing April’s Activity

May 14, 2024 Bitcoin.com

Bitcoin

Following the awakening of numerous dormant bitcoins in March, April was rather uneventful, with just 72 transfers from idle wallets dating between 2010 and 2017. To date, May has seen 32 transfers from vintage wallets, moving about 1,181 more bitcoin in the past two weeks than during the whole month of April. May Outpaces April […]

Fantom Foundation Commits Over $144,000,000 in FTM to Sonic Labs Accelerator Program

The Halving Effect: Bitcoin Hashrate Decreases as Miners Prepare for Probable Difficulty Drop

May 5, 2024 Bitcoin.com

Bitcoin

Just over two weeks have passed since the fourth Bitcoin halving took place. During this period, the network’s hashprice dropped from over $100 per petahash to below $45 at the beginning of May. It has since increased to $50 per petahash. Despite the modest rebound, the network’s total hashrate has experienced a decrease, with a […]

Fantom Foundation Commits Over $144,000,000 in FTM to Sonic Labs Accelerator Program

Financial Squeeze Tightens for Bitcoin Miners as Earnings Continue to Fall

April 28, 2024 Bitcoin.com

Bitcoin

On Friday, Bitcoin’s hashprice was $56.95 per petahash per second (PH/s), but by Sunday, it had dropped to $51.66 per petahash. Over the last 100 blocks, bitcoin miners averaged about 3.55 BTC for each block they mined, indicating that bitcoin miners are receiving less than half a BTC per block in onchain fees. Bitcoin Miners […]

Fantom Foundation Commits Over $144,000,000 in FTM to Sonic Labs Accelerator Program

Despite Runes’ Transaction Dominance, Bitcoin Miners See Continued Revenue Drop

April 25, 2024 Bitcoin.com

Bitcoin

According to recent data, transactions linked to the Runes protocol have been notably high in block utilization since its implementation on April 19. Figures from April 23 show that transactions involving Runes accounted for 81% of block usage on that day. In contrast, traditional financial activities constituted only 18.8% of the transactions processed. As Runes […]

Fantom Foundation Commits Over $144,000,000 in FTM to Sonic Labs Accelerator Program

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

May 14, 2023 Bitcoin.com

Bitcoin

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 […]

Fantom Foundation Commits Over $144,000,000 in FTM to Sonic Labs Accelerator Program

Bitcoin’s Average and Median-Sized Network Fees Rose 40% Higher in March

March 31, 2023 Bitcoin.com

150 bitcoin

In March 2023, Bitcoin’s average and median-sized fees jumped more than 40% higher after rising 122% in 10 days during the first week of February. The fees have followed the Ordinal inscription trend as more than 662,000 inscriptions reside on the Bitcoin blockchain, and 150 bitcoin worth $4.2 million have been added to fees. Bitcoin […]

Fantom Foundation Commits Over $144,000,000 in FTM to Sonic Labs Accelerator Program

Btcpay Introduces New Coinjoin Plugin for Enhanced Bitcoin Privacy for Merchants

February 28, 2023 Bitcoin.com

Anonymity

On Monday, Wasabi Wallet and the open-source bitcoin payment processor Btcpay announced a new plugin for the Btcpay server. The plugin implements Wasabi’s Wabisabi coinjoin coordination protocol, allowing merchants to benefit from privacy enhancement. By activating the newly launched plugin, all the funds that merchants receive and send will be coinjoined, or mixed together with […]

Bitcoin Transactions