The inventor of Bitcoin Ordinals has proposed a new fungible token protocol called Runes as an alternative to the BRC-20 token standard. The BRC-20 standard has gained popularity but has been criticized for spamming Bitcoin with unnecessary transactions. Runes is a UTXO-based protocol that aims to minimize the creation of “junk” transactions and promote responsible … Read more
Exploring 9 Ways to Make Money with Bitcoins Believe it or not, bitcoins offer multiple avenues for earning money. With a limited supply of 21 million coins and a fluctuating market, the value of each bitcoin can rise over time, presenting opportunities for profit. Here are some strategies for making money with bitcoins: 1. Micro … Read more
Beware of These Eight Common Bitcoin Scams Bitcoin, a decentralized cryptocurrency, has revolutionized the world of finance. However, the lack of stringent regulation in the Bitcoin sphere has given rise to various scams. Here are eight common Bitcoin scams you should be aware of: 1. Fake Bitcoin: Scammers offer to pay you with bitcoins, knowing … Read more
The next Bitcoin halving is set to occur in April 2024, which will cut the production of new coins by 50%. While the halving historically leads to an increase in Bitcoin’s price, it poses challenges for miners who rely on block rewards for revenue. Miners must adapt their strategies to compensate for reduced rewards, focusing … Read more
Blockchain infrastructure firm Paxos has confirmed that it made a mistake in paying over $500,000 in Bitcoin transaction fees, and the Bitcoin miner who received the funds has returned them. A bankruptcy court has approved the sale of FTX digital assets, excluding Bitcoin and Ether, which can be sold separately. Digital Currency Group has proposed … Read more
Accounting firm Paxos accidentally overpaid $500,000 in fees for a Bitcoin transfer on September 10. Initial speculation on social media suggested that PayPal was responsible, but Paxos later clarified that the error was its own. The mistaken transaction was discovered shortly after it occurred, with fees of approximately 20 BTC paid to send just 0.07 … Read more
Building Trust in the Bitcoin Network in El Salvador Alex in El Salvador has established four pillars of Bitcoin education. The foundation is Mi Primer Bitcoin, offering basic knowledge. He left CUBO+ to start Node Nation, aiming to install Lightning nodes in high schools and teach technical classes to gifted teenagers. Afterward, students can apply … Read more
Bitcoin Shows Signs of Life Bitcoin experienced a slight boost in price, rising 3% to reach $26,400 before dropping back down below $26,000. The CoinDesk Market Index also saw a 2% increase before retracting. Throughout the month, Bitcoin has struggled to surpass $26,000 as traders awaited regulatory clarity, such as the SEC’s decision regarding the … Read more
Bitcoin (BTC) hovered around its key long-term trendline as the US dollar gained strength, reaching its highest level in six months. The BTC price focused on the $25,700 area, showing less volatility compared to the previous day. Bitcoin market participants remained cautious with predictions of a further decline in price. Traders and analysts identified the … Read more
Bitcoin’s on-chain metric, the Spent Output Profit Ratio (SOPR), suggests that there may be more downside for the cryptocurrency before a rebound occurs. Currently, short-term holders (STH) are selling their coins at a loss, indicating that loss-taking is dominant in the market. The 30-day moving average (MA) Bitcoin SOPR has recently dipped below the support … Read more
