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Bitcoin fees top Ethereum for 3 days in a row as halving approaches

Transaction fees will play an important role in keeping Bitcoin miners afloat after the halving as the subsidy for mining a block is set to fall from 6.25 BTC to 3.125 BTC.

Fees on Bitcoin have surpassed Ethereum for three consecutive days as miners and traders prepare for the upcoming Bitcoin halving, and, to a lesser extent, the introduction of Runes on Bitcoin.

Bitcoin miners have cashed in $7.47 million in fees on April 17 — about $160,000 more than the $7.31 million paid to Ethereum stakers, according to Crypto Fees.

Bitcoin miners also raked in $9.98 million and $5.91 million across April 15 and 16 — beating out Ethereum stakers by $3.5 million and 1.1 million on those respective days.

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Top Analyst Benjamin Cowen Issues Bitcoin Alert, Says BTC Could Plunge by Over 30% – Here’s His Timeline

Ethereum Gaming Altcoin Rallies As Massive Whale Withdraws From Binance: On-Chain Data

Ethereum Gaming Altcoin Rallies As Massive Whale Withdraws From Binance: On-Chain Data

One Ethereum (ETH)-based gaming altcoin soared as a crypto whale suddenly moved a massive amount of the project’s tokens off an exchange, on-chain data shows. As reported by blockchain tracking firm Lookonchain, layer-2 scaling solution ImmutableX (IMX) shot up 20% as a crypto whale made big moves. “The price of IMX increased by 20% today. […]

The post Ethereum Gaming Altcoin Rallies As Massive Whale Withdraws From Binance: On-Chain Data appeared first on The Daily Hodl.

Top Analyst Benjamin Cowen Issues Bitcoin Alert, Says BTC Could Plunge by Over 30% – Here’s His Timeline

MicroStrategy’s Saylor fuses work email address with Bitcoin Lightning

Fans of the Bitcoin bull have been transferring him 21 Satoshis as a way to test out the feature.

The Bitcoin (BTC) Lightning Network has integrated into the corporate email address of Michael Saylor, a Bitcoin bull and co-founder of business intelligence software firm MicroStrategy.

In an April 17 tweet, the former chief executive of the firm shared a screenshot with his 3 million Twitter followers of a few transactions sent to “saylor@microstrategy.com” from others in the form of Satoshis or “Sats” — the smallest denomination of Bitcoin.

MicroStrategy’s integration is enabled by the Lightning Address protocol, which allows users to link an “Internet Identifier” like an email address rather than having to copy wallet addresses or use QR codes.

It is unclear if MicroStrategy integrated the feature into all corporate emails at the firm.

The Lightning Network is a popular Bitcoin layer 2 scaling solution, which is capable of processing 1 million transactions per second (TPS) for a base fee of 1 Satoshi, or around four cents.

Saylor, who now serves as executive chairman at the firm, has been the mastermind behind MicroStrategy’s Bitcoin investment strategy that aims to strengthen the firm’s balance sheet.

Related: Coinbase CEO says Bitcoin Lightning is 'something we’ll integrate'

MicroStrategy has spent $4.17 billion to accumulate 140,000 BTC since the company began buying in March 2021. The firm’s average purchase price is $29,800 according to data from Buy Bitcoin Worldwide.

With the price of Bitcoin currently sitting at $29,400, MicroStrategy is down a mere 1.3% on its total investment.

However, the firm was in the green again for a short period of time last week when Bitcoin broke through the $30,000 mark.

Cointelegraph contacted MicroStrategy for comment on its plans to integrate the Lightning Network in more of its corporate email addresses but did not receive an immediate response.

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Top Analyst Benjamin Cowen Issues Bitcoin Alert, Says BTC Could Plunge by Over 30% – Here’s His Timeline

Veteran Trader Peter Brandt Suggests All BTC Acquired in 2021 Is ‘a Losing Trade’ — Reignites Feud With Laser Eyes Movement

Veteran Trader Peter Brandt Suggests All BTC Acquired in 2021 Is ‘a Losing Trade’ — Reignites Feud With Laser Eyes MovementVeteran trader Peter Brandt’s latest remarks which mock crypto traders still using laser eyes crypto memes have sparked an immediate and angry response from bitcoiners on Twitter. One very famous bitcoiner, Michael Saylor, reminded Brandt that the laser eyes signify “a long-term commitment to bitcoin based on its ethical, technical, and economic superiority to alternative […]

Top Analyst Benjamin Cowen Issues Bitcoin Alert, Says BTC Could Plunge by Over 30% – Here’s His Timeline

Sat Symbol Initiative Attempts to Get Satoshi Design Widely Adopted by the Bitcoin Community

Sat Symbol Initiative Attempts to Get Satoshi Design Widely Adopted by the Bitcoin CommunityOver the last few days, cryptocurrency advocates have been discussing the Sat Symbol initiative, a goal that aims to get a specifically designed symbol to represent the smallest unit of bitcoin and also get the symbol widely adopted. The Sat Symbol has been promoted by a number of crypto luminaries but others have offered alternative […]

Top Analyst Benjamin Cowen Issues Bitcoin Alert, Says BTC Could Plunge by Over 30% – Here’s His Timeline