Bitcoin, the biggest cryptocurrency, is experiencing a decline for the third day in a row, even as more people are becoming Bitcoin owners. Bitcoin’s price began to fall on May 6th, when it was valued at approximately $29,700. As the total value of the global cryptocurrency market decreased from around $1.2 trillion to $1.13 trillion…
Gbitcoins Cloud Mining Makes Expensive Hardware Unnecessary. Gbitcoins Enhances Security and Protects Investments from Malicious Entities. As cryptocurrencies gain broader acceptance and popularity, investors are looking for new opportunities to profit from digital assets. In the current era, “cloud mining” has emerged as a significant method to earn various cryptocurrencies, such as Bitcoin and Ethereum,…
Binance recently made an important announcement about pending Bitcoin withdrawals. Here’s a simplified version of the statement Binance, which is the biggest exchange for digital money worldwide, has declared that all the Bitcoin withdrawals that were waiting have now been completed. We have finished processing all the Bitcoin withdrawals that were waiting. We appreciate your…
A recent chain fork at block height 788686 caused an unexpected event in the Bitcoin network, resulting in the double spending of nearly 10 bitcoins (BTC), as reported by Fork Monitor, a platform that monitors chain forks. Today, prominent Chinese blockchain reporter Colin Wu highlighted a significant development in a tweet, referencing data from Fork…
According to Prime Minister Daniel Risch, under the proposed plans, any cryptocurrency received will be promptly converted into Swiss francs, as stated in an interview with German news publication Handelsblatt. According to a report by German news outlet Handelsblatt, Liechtenstein intends to introduce bitcoin (BTC) as a payment method for government services. Liechtenstein’s Prime Minister…
A large investor who bought approximately $3 million worth of Pepe tokens just a few days ago is currently facing an unrealized loss of approximately $600,000. The price of the newly introduced memecoin Pepe (PEPE) has plummeted by over 42% shortly after achieving its record peak on May 6, resulting in substantial paper losses for…
Worries spread on Crypto Twitter about a potential denial of service (DoS) attack targeting the Bitcoin network. Over the weekend, a sudden increase in Bitcoin transaction fees and unconfirmed transactions, causing Bitcoin BTC prices to drop to $28,307, raised concerns on Crypto Twitter about a possible Denial of Service (DoS) “attack” on the network. Several…
Binance Freezes Bitcoin Withdrawals Again, This Time Within 8 Hours of the First Pause. Binance has once again temporarily stopped allowing users to withdraw bitcoins due to a significant increase in congestion on the Bitcoin network. We've temporarily closed #BTC withdrawals due to the large volume of pending transactions. Our team is currently working on…
On May 7, the Bitcoin transaction backlog reached a high point, with more than 400,000 transactions waiting to be processed in the Bitcoin mempool. On May 7, crypto exchange Binance temporarily halted Bitcoin (BTC) withdrawals, citing an alleged surge in transactions overwhelming the Bitcoin network. At the time of writing, the Bitcoin mempool contained more…
Bloomberg reports that PacWest Bancorp, which is based in California, is considering different strategic choices. Image source “CoinDesk” The banking crisis doesn’t seem to be ending soon. PacWest Bancorp’s stocks dropped by over 50% during after-hours trading on Wednesday, following a Bloomberg report. The report said that the bank, which is based in the US,…