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Bitcoin Magazine - Bitcoin News, Articles and Expert Insights
1 month ago
Cryptocurrency

MicroStrategy Announces Decentralized ID Platform On Bitcoin Called MicroStrategy Orange

MicroStrategy introduced MicroStrategy Orange, a decentralized ID platform on the Bitcoin network, enabling organizations to build and manage identity applications. [ more ]
Bitcoin Magazine - Bitcoin News, Articles and Expert Insights
1 month ago
Cryptocurrency

OP_CAT: The Purr-fect Solution for Covenants?

OP_CAT relates to Bitcoin Script limitations, hindering advanced smart contracts. [ more ]
Coindesk
2 months ago
Cryptocurrency

Why Bitcoin Halving Calculators Are Out of Sync

The Bitcoin halving event is scheduled to occur every four years, and its exact time can be unpredictable due to variations in the current block height and average block time. [ more ]
Coindesk
2 months ago
Cryptocurrency

Ordinals Defy Bitcoin's Design Principles but Offer Miners Huge Post-Halving Advantages

Bitcoin network seeing influx of major developments with BRC-20 enabling BTCFi - DeFi.
Ordinals inscriptions contributing over $438 million in fees to secure the Bitcoin network. [ more ]
Bitcoin Magazine - Bitcoin News, Articles and Expert Insights
4 months ago
Cryptocurrency

Swan Bitcoin Launches Mining Division, Targets Over 8 Exahash by March

BTC-only exchange Swan Bitcoin has unveiled its mining division, Swan Mining, which aims to secure the Bitcoin network and contribute to energy production.
Swan Mining has already purchased and deployed mining equipment, with plans to enhance its capacity from 4.5 exahash to over 8 exahash. [ more ]
#lightning-network
Coindesk
1 year ago
Cryptocurrency

NFT Marketplace DIBA Goes Live on 'Really Good for Bitcoin' Smart Contracts

DIBA, a new marketplace meant for exchanging Bitcoin-based NFTs, went live on Thursday, the firm said in an e-mail to CoinDesk.The marketplace will allow users to trade any asset issued on Bitcoin smart contracts on layer 2 networks, such as Lightning Network.DIBA also released a Bitcoin-only wallet - which can store music files and art - in partnership with crypto miner Hut 8 Mining (HUT).
news.bitcoin.com
1 year ago
Cryptocurrency

Binance Announces Lightning Network Withdrawal Implementation Amidst Bitcoin Network Congestion Issues Exchanges Bitcoin News

Binance has announced its intention of implementing Lightning Network, a layer 2 Bitcoin scaling protocol, on its platform after experiencing an episode of congestion regarding withdrawals on the Bitcoin network.The exchange had to pause bitcoin withdrawals twice due to a large backlog of operations stuck as a consequence of high transaction fees.
Coindesk
1 year ago
Cryptocurrency

NFT Marketplace DIBA Goes Live on 'Really Good for Bitcoin' Smart Contracts

DIBA, a new marketplace meant for exchanging Bitcoin-based NFTs, went live on Thursday, the firm said in an e-mail to CoinDesk.The marketplace will allow users to trade any asset issued on Bitcoin smart contracts on layer 2 networks, such as Lightning Network.DIBA also released a Bitcoin-only wallet - which can store music files and art - in partnership with crypto miner Hut 8 Mining (HUT).
news.bitcoin.com
1 year ago
Cryptocurrency

Binance Announces Lightning Network Withdrawal Implementation Amidst Bitcoin Network Congestion Issues Exchanges Bitcoin News

Binance has announced its intention of implementing Lightning Network, a layer 2 Bitcoin scaling protocol, on its platform after experiencing an episode of congestion regarding withdrawals on the Bitcoin network.The exchange had to pause bitcoin withdrawals twice due to a large backlog of operations stuck as a consequence of high transaction fees.
morelightning-network
#cryptocurrency
news.bitcoin.com
1 year ago
Cryptocurrency

Despite Transfers Lingering in the Mempool, Bitcoin's Daily Transaction Rate Taps All-Time High Bitcoin News

Bitcoin is on a roll in 2023, breaking records left and right.For instance, on May 2, at block height 787,895, the cryptocurrency's hashrate soared to 491 exahash per second (EH/s).Moreover, on April 20, at block height 786,240, the difficulty hit a new high of 48.71 trillion.But that's not the only thing that's been skyrocketing this month.
Coindesk
1 year ago
Cryptocurrency

Among Bitcoin Developers, Debate Is Raging Over Whether to Censor Ordinals BRC-20s

Frederick Munawa is a Technology Reporter for Coindesk.He covers blockchain protocols with a specific focus on bitcoin and bitcoin-adjacent networks.The soaring fees have forced some bitcoin users in Africa to seek alternative payment options including stablecoins, while crypto exchange Binance said it's in the process of integrating the "layer 2" scaling solution for Bitcoin known as Lightning Network.
Coindesk
1 year ago
Cryptocurrency

Block Demand Leads to Fee Spike as Bitcoin-Based Memecoins Flourish

Shaurya is the Deputy Managing Editor for the Data & Tokens team, focusing on decentralized finance, markets, on-chain data, and governance across all major and minor blockchains.Fees on the Bitcoin blockchain have surged to two-year highs as the 'Bitcoin Request for Comment' (BRC-20) tokens and the rising popularity of the Ordinals protocol drives demand for block space.
Coindesk
1 year ago
Cryptocurrency

Binance Pauses Bitcoin Withdrawals for the Second Time in 24 Hours

Binance has once again paused bitcoin withdrawals as the Bitcoin network suffers from unprecedented congestion.Binance briefly paused bitcoin withdrawals for around two hours Sunday afternoon U.S. time as the number of unconfirmed transactions hit a record high.It is not yet known when Binance will resume withdrawals after the second pause.
news.bitcoin.com
1 year ago
Cryptocurrency

Bitcoin Miners Breathe a Sigh of Relief as Difficulty Drops 1.45% After Five Consecutive Increases Mining Bitcoin News

Bitcoin's network has been putting miners through the wringer lately, with five straight difficulty increases that had them on edge.However, on May 4, 2023, at block height 788,256, the network difficulty level took a dip, dropping by 1.45% and bringing the overall difficulty down to 48.01 trillion for the next two weeks.
news.bitcoin.com
1 year ago
Cryptocurrency

Bitcoin Network Hits 75% Progress Towards Next Reward Halving Featured Bitcoin News

At 11:06 a.m.Eastern Time (ET) on April 29, 2023, at block height 787,500, the number of blocks left to discover until the next Bitcoin blockchain halving is now fewer than 52,500 blocks.This means the network has progressed 75% through the 210,000-block halving cycle, which will ultimately result in a reduction of the block reward from 6.25 bitcoins per block to 3.125 bitcoins per block.
news.bitcoin.com
1 year ago
Cryptocurrency

Despite Transfers Lingering in the Mempool, Bitcoin's Daily Transaction Rate Taps All-Time High Bitcoin News

Bitcoin is on a roll in 2023, breaking records left and right.For instance, on May 2, at block height 787,895, the cryptocurrency's hashrate soared to 491 exahash per second (EH/s).Moreover, on April 20, at block height 786,240, the difficulty hit a new high of 48.71 trillion.But that's not the only thing that's been skyrocketing this month.
Coindesk
1 year ago
Cryptocurrency

Among Bitcoin Developers, Debate Is Raging Over Whether to Censor Ordinals BRC-20s

Frederick Munawa is a Technology Reporter for Coindesk.He covers blockchain protocols with a specific focus on bitcoin and bitcoin-adjacent networks.The soaring fees have forced some bitcoin users in Africa to seek alternative payment options including stablecoins, while crypto exchange Binance said it's in the process of integrating the "layer 2" scaling solution for Bitcoin known as Lightning Network.
Coindesk
1 year ago
Cryptocurrency

Block Demand Leads to Fee Spike as Bitcoin-Based Memecoins Flourish

Shaurya is the Deputy Managing Editor for the Data & Tokens team, focusing on decentralized finance, markets, on-chain data, and governance across all major and minor blockchains.Fees on the Bitcoin blockchain have surged to two-year highs as the 'Bitcoin Request for Comment' (BRC-20) tokens and the rising popularity of the Ordinals protocol drives demand for block space.
Coindesk
1 year ago
Cryptocurrency

Binance Pauses Bitcoin Withdrawals for the Second Time in 24 Hours

Binance has once again paused bitcoin withdrawals as the Bitcoin network suffers from unprecedented congestion.Binance briefly paused bitcoin withdrawals for around two hours Sunday afternoon U.S. time as the number of unconfirmed transactions hit a record high.It is not yet known when Binance will resume withdrawals after the second pause.
news.bitcoin.com
1 year ago
Cryptocurrency

Bitcoin Miners Breathe a Sigh of Relief as Difficulty Drops 1.45% After Five Consecutive Increases Mining Bitcoin News

Bitcoin's network has been putting miners through the wringer lately, with five straight difficulty increases that had them on edge.However, on May 4, 2023, at block height 788,256, the network difficulty level took a dip, dropping by 1.45% and bringing the overall difficulty down to 48.01 trillion for the next two weeks.
news.bitcoin.com
1 year ago
Cryptocurrency

Bitcoin Network Hits 75% Progress Towards Next Reward Halving Featured Bitcoin News

At 11:06 a.m.Eastern Time (ET) on April 29, 2023, at block height 787,500, the number of blocks left to discover until the next Bitcoin blockchain halving is now fewer than 52,500 blocks.This means the network has progressed 75% through the 210,000-block halving cycle, which will ultimately result in a reduction of the block reward from 6.25 bitcoins per block to 3.125 bitcoins per block.
morecryptocurrency
#responsible
news.bitcoin.com
1 year ago
Cryptocurrency

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

Blockchain by Jamie Redman 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 $279 million.More Than 13,000 BRC20 Tokens Built on Bitcoin Are Now Worth $279M The BRC20 token standard, which is built on top of the Bitcoin network, is gaining momentum and the BRC20 token economy is flourishing.
news.bitcoin.com
1 year ago
Cryptocurrency

Bitcoin's Average Transfer Fees Experience Sharp Increase: 122% Rise in 10 Days Bitcoin News

Statistics show transfer fees on the Bitcoin network have increased 122% since the end of last month, as the average transaction fee has climbed from $0.767 to $1.704 per transaction.The rise in onchain fees coincides with the new Ordinals digital collectible trend on the network, with the number of inscriptions nearing 20,000.
news.bitcoin.com
1 year ago
Cryptocurrency

Bitcoin Difficulty Surges 4.68%, Taps New All-Time High; Metric Set to Surpass 40 Trillion Mining Bitcoin News

The Bitcoin blockchain recorded another difficulty increase on Sunday, Jan. 29, 2023, at block height 774,144.The network's difficulty increased by 4.68%, from 37.59 trillion to an all-time high of 39.35 trillion.Bitcoin Difficulty Reaches New All-Time High as Mining Gets Tougher Bitcoin's difficulty reached another all-time high, surpassing the record set two weeks ago, after rising 4.68% on Sunday.
news.bitcoin.com
1 year ago
Cryptocurrency

Bitcoin Difficulty Set to Rise 3.82% to All-Time High of 39 Trillion Following Recent Increase Mining Bitcoin News

The Bitcoin network is set to record another meaningful difficulty increase on Sunday, Jan. 29, 2023, as current estimates expect it to rise 3.82% higher.The change follows the last difficulty retarget, which advanced by 10.26% to the current all-time high of 37.59 trillion.Block Time Breakdown: How Faster Discovery is Impacting Bitcoin Difficulty In just over a day, the Bitcoin network will see a difficulty increase of around 3.82%, according to current estimates.
news.bitcoin.com
1 year ago
Cryptocurrency

Bitcoin Miners Discovered 53,240 Blocks This Year, Foundry Led the Pack, Hashrate Tapped an All-Time High Mining Bitcoin News

As the new year approaches, more than a dozen bitcoin mining pools still dedicate a total of 238 exahash per second (EH/s) toward the Bitcoin blockchain in order to secure the network and reap mining rewards.Statistics indicate that the mining pool Foundry USA discovered the most block rewards this year, as the operation found 11,779 bitcoin blocks out of the 53,240 rewards mined during the last 365 days.
news.bitcoin.com
1 year ago
Cryptocurrency

While Miners Deal With Low BTC Prices, Bitcoin's Mining Difficulty Target Expected to Increase 3% Higher Mining Bitcoin News

Bitcoin's mining difficulty target is expected to increase on Dec. 19, 2022, after printing the largest reduction recorded in 2022 on Dec. 5, at block height 766,080.During the last 2,016 blocks, Bitcoin's hashrate has been around 254.3 exahash per second (EH/s), and block intervals have been faster at 9:41 minutes per block.
news.bitcoin.com
1 year ago
Cryptocurrency

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

Blockchain by Jamie Redman 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 $279 million.More Than 13,000 BRC20 Tokens Built on Bitcoin Are Now Worth $279M The BRC20 token standard, which is built on top of the Bitcoin network, is gaining momentum and the BRC20 token economy is flourishing.
news.bitcoin.com
1 year ago
Cryptocurrency

Bitcoin's Average Transfer Fees Experience Sharp Increase: 122% Rise in 10 Days Bitcoin News

Statistics show transfer fees on the Bitcoin network have increased 122% since the end of last month, as the average transaction fee has climbed from $0.767 to $1.704 per transaction.The rise in onchain fees coincides with the new Ordinals digital collectible trend on the network, with the number of inscriptions nearing 20,000.
news.bitcoin.com
1 year ago
Cryptocurrency

Bitcoin Difficulty Surges 4.68%, Taps New All-Time High; Metric Set to Surpass 40 Trillion Mining Bitcoin News

The Bitcoin blockchain recorded another difficulty increase on Sunday, Jan. 29, 2023, at block height 774,144.The network's difficulty increased by 4.68%, from 37.59 trillion to an all-time high of 39.35 trillion.Bitcoin Difficulty Reaches New All-Time High as Mining Gets Tougher Bitcoin's difficulty reached another all-time high, surpassing the record set two weeks ago, after rising 4.68% on Sunday.
news.bitcoin.com
1 year ago
Cryptocurrency

Bitcoin Difficulty Set to Rise 3.82% to All-Time High of 39 Trillion Following Recent Increase Mining Bitcoin News

The Bitcoin network is set to record another meaningful difficulty increase on Sunday, Jan. 29, 2023, as current estimates expect it to rise 3.82% higher.The change follows the last difficulty retarget, which advanced by 10.26% to the current all-time high of 37.59 trillion.Block Time Breakdown: How Faster Discovery is Impacting Bitcoin Difficulty In just over a day, the Bitcoin network will see a difficulty increase of around 3.82%, according to current estimates.
news.bitcoin.com
1 year ago
Cryptocurrency

Bitcoin Miners Discovered 53,240 Blocks This Year, Foundry Led the Pack, Hashrate Tapped an All-Time High Mining Bitcoin News

As the new year approaches, more than a dozen bitcoin mining pools still dedicate a total of 238 exahash per second (EH/s) toward the Bitcoin blockchain in order to secure the network and reap mining rewards.Statistics indicate that the mining pool Foundry USA discovered the most block rewards this year, as the operation found 11,779 bitcoin blocks out of the 53,240 rewards mined during the last 365 days.
news.bitcoin.com
1 year ago
Cryptocurrency

While Miners Deal With Low BTC Prices, Bitcoin's Mining Difficulty Target Expected to Increase 3% Higher Mining Bitcoin News

Bitcoin's mining difficulty target is expected to increase on Dec. 19, 2022, after printing the largest reduction recorded in 2022 on Dec. 5, at block height 766,080.During the last 2,016 blocks, Bitcoin's hashrate has been around 254.3 exahash per second (EH/s), and block intervals have been faster at 9:41 minutes per block.
moreresponsible
#cryptocurrencies
Cointelegraph
1 year ago
Cryptocurrency

What is a 51% attack and how to detect it?

Despite being underpinned by blockchain technology that promises security, immutability, and complete transparency, many cryptocurrencies like Bitcoin SV ( BSV), Litecoin ( LTC) and Ethereum Classic ( ETC) have been subject to 51% attacks several times in the past.While there are many mechanisms by which malicious entities can and have exploited blockchains, a 51% attack, or a majority attack as it is also called, occurs when a group of miners or an entity controls more than 50% of the blockchain's hashing power and then assumes control over it.
The Verge
1 year ago
Cryptocurrency

Bitcoin's energy use drops following price plunge

After taking a nosedive in June, the price of Bitcoin has stayed solow that it's forcingthe blockchain's massive electricity use to similarly dip.
Cointelegraph
1 year ago
Cryptocurrency

What is a 51% attack and how to detect it?

Despite being underpinned by blockchain technology that promises security, immutability, and complete transparency, many cryptocurrencies like Bitcoin SV ( BSV), Litecoin ( LTC) and Ethereum Classic ( ETC) have been subject to 51% attacks several times in the past.While there are many mechanisms by which malicious entities can and have exploited blockchains, a 51% attack, or a majority attack as it is also called, occurs when a group of miners or an entity controls more than 50% of the blockchain's hashing power and then assumes control over it.
The Verge
1 year ago
Cryptocurrency

Bitcoin's energy use drops following price plunge

After taking a nosedive in June, the price of Bitcoin has stayed solow that it's forcingthe blockchain's massive electricity use to similarly dip.
morecryptocurrencies
Acm
1 year ago
Digital life

Bitcoin Has Emitted 200 Million Tons of CO2 Since Launch

Researchers at the U.K.'s University of Cambridge estimated bitcoin miners have discharged nearly 200 million tons of carbon dioxide into the atmosphere since the cryptocurrency's launch 13 years ago.The researchers calculated that 199.65 million tons of carbon emissions could be attributed to the Bitcoin network by September, of which 92% transpired in the past four years.The Cambridge Bitcoin Electricity Consumption Index (CBECI) factors in cryptocurrency mining volumes for every country worldwide, and a model that covers energy consumption and power of bitcoin-mining hardware, current bitcoin prices, and the point at which certain equipment becomes profitable to operate in various situations.
Cointelegraph
2 years ago
Cryptocurrency

From games to piggy banks: Educating the Bitcoin 'minors' of the future

The crypto winter is here.It's a trying time as prices grind down, but it's the best moment to build and learn.For some Bitcoiners, the bear market is a time to plant trees or create memes.
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