Rafael Schultze-Kraft, CTO of blockchain analytics company Glassnode, recently tweeted that the recent rise in Bitcoin on-chain transactions can be attributable to the sharp rise in text inscriptions pertaining to the new BRC20 token standard.
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Former CEO of Coinbase and cryptocurrency investor Balaji Srinivasan lost $1 million on a wager about US inflation. According to Quartz, the winner of the wager, the fictitious Twitter account @jdcmedlock, intends to spend some
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Senior macro strategist at Bloomberg Intelligence Mike McGlone has made a gloomy forecast for the bitcoin sector. He thinks that given the rapid decrease in commodity prices and bank deposits, cryptocurrencies may be the next
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According to statistics from BTC.com, the hashrate of Bitcoin (BTC) has just reached a record high of 440.71 exahashes per second (EH/s). The fact that it is currently getting close to half a terahash demonstrates
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Long-dormant Bitcoin whales have recently shown a remarkable uptick in activity. 3,200 BTC of Ancient Supply, which had been dormant for more than seven years, were awakened last week, of which 1,1K were from before
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The creator of the American business intelligence and analytics company MicroStrategy Inc., Michael Saylor, has gone public to discuss the company's objectives about its position on Bitcoin. Saylor stated that his software company, which had
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Since Bitcoin's creation, miners have reached a staggering financial zenith, generating $50.2 billion in total revenue through fees and block subsidies. The all-time projected input cost for miners is $36.6 billion, according to Glassnode, a
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The leading cryptocurrency, Bitcoin, saw a 1.6% increase in price, hitting an intraday high of $28,621 on the Bitstamp platform. On Tuesday, regional banks' stock prices continued to decline. This is probably what caused Bitcoin's
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The co-founder of Glassnode recently discussed his predictions for Bitcoin's (BTC) future, claiming that the $30,000 price level is approaching and that market bears would be disproven. The market appears to be oversold right now,
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In 2023, Bitcoin has had a stunning comeback, with daily transaction volumes approaching all-time highs. Analysts must ascertain how much inscriptions are driving this expansion in comparison to monetary transfers because the rise of inscriptions
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