By CD Read more: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data ALSO: A crypto market analyst calls bitcoin’s travails of the past two days “growing pains,” and says the largest crypto by market cap “will be fine in the long run.”Publish at: May 09, 2023 at 01:36AM
First Mover Asia: Binance Congestion Chaos Weighs Heavy on Bitcoin
Bitcoin’s ‘BRC-20’ Explosion Sends Users Scrambling for Options, Including Lightning
By CD Read more: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data The effects of the BRC-20 mints range from halting of bitcoin withdrawals on Binance to frustration with the sudden high costs of making bitcoin payments in places like Africa and South America.Publish at: May 09, 2023 at 12:32AM
Ordinals Upend Bitcoin Mining, Pushing Transaction Fees Above Mining Reward for First Time in Years
By CD Read more: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data Several mining pools such as Luxor Technologies and AntPool mined blocks on Monday where fees exceeded Bitcoin’s block subsidy of 6.25 BTC.Publish at: May 08, 2023 at 11:43PM
U.S. Crypto Exchange Bittrex Files for Bankruptcy in Delaware
By CD Read more: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data Crypto exchange Bittrex has filed for bankruptcy in the U.S. state of Delaware, months after announcing it would wind down operations in the country and weeks after being sued by the Securities and Exchange Commission.Publish at: May 08, 2023 at 10:38PM
Bitcoin Falls Below $27.5K as Investors Weigh Meme Mania, Binance Congestion Issues
By CD Read more: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data Ether’s deflationary narrative continues despite Monday’s price drop. Major crypto assets traded down on Monday.Publish at: May 08, 2023 at 09:03PM
Bit4You’s Affairs in Doubt Even Before CoinLoan Collapse, Belgian Regulator Says
By CD Read more: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data FSMA’s concerns meant the exchange could have lost its license or even faced prosecution, even before the Estonian platform which held its funds filed for insolvencyPublish at: May 08, 2023 at 08:00PM
P2P Bitcoin Exchange Paxful Back Online After Temporary Suspension
By CD Read more: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data Peer-to-peer (P2P) bitcoin exchange Paxful has resumed operations after being shut down for over a month, the company said in a blog post.Publish at: May 08, 2023 at 06:49PM
PEPE Meme Coin Craze Spreads Wealth to Ethereum Validators Running Blockchain
By CD Read more: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data As risk-taking crypto traders sought to make tremendous profits off of surging prices for the suddenly-hot PEPE, a resulting surge in transaction fees brought a windfall to validators running the Ethereum blockchain.Publish at: May 08, 2023 at 06:24PM
Private-Equity Giant Apollo Is Part of a Bid to Buy Bankrupt Crypto Firm Celsius
By CD Read more: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data The $500 billion-plus firm is involved in NovaWulf’s offer for Celsius, according to a person familiar with the matter.Publish at: May 08, 2023 at 06:11PM
Fractional Reserve Banking Is a Fraud (but It’s Genius)
By CD Read more: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data Publish at: May 08, 2023 at 05:45PM
