Day: April 23, 2024

Binance loses 25% of Bitcoin market share as offshore markets shrinks

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As offshore markets diversify, Binance’s Bitcoin market share has declined to 55%, while Bybit emerged as a frontrunner with a surge from 2% to 9.3% Binance‘s dominance in Bitcoin trading outside the U.S. market appears to be shrinking, as its share dropped from 81.3% to 55.3% over the past year as the exchange faced increased competition following the removal of its large-scale Bitcoin zero-fee promotion. According to data from Kaiko, the same trend can also be observed with smaller altcoins, where Binance’s share declined from 58% to 50.5%. Altcoin market…

Bitcoin and Solana prices dip as investors explore Raboo ICO

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. As Bitcoin and Solana prices dip, investors turn their focus to Raboo’s unique ICO amid its promising ecosystem features. ICOs and crypto presales of new businesses are always of interest to profit-seeking investors. Such investors include holders of Solana and Bitcoin.  With its presale, Raboo has gained the attention of these investors as Bitcoin and Solana are experiencing broader market downturns. Here’s why its presale and ecosystem features could…

Vitalik Buterin Among Several High-Profile Names With Over $1 Million Locked in Bridges

Vitalik Buterin, co-founder of Ethereum, reportedly has over $1 million trapped in the Optimism bridge, a situation highlighted in a broader analysis by Arkham, which exposes numerous wallets with significant funds locked on various bridge contracts. Among these, a wallet associated with Bofur Capital has $1.8 million in wrapped Bitcoin stuck on an Arbitrum bridge […] Source CryptoX Portal

Bitcoin miners’ revenue drops amid declining transaction fees

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The Bitcoin (BTC) miners’ revenue has been consistently declining after the halving event. The downtrend comes as the average transaction fee on the network plunges. According to data provided by YCharts, the average transaction fee on the Bitcoin network declined by 28% in the past 24 hours, hovering around $24.99 at the time of writing.  Data shows that the average Bitcoin transaction fee surged from $19.76 to $128.45 between April 19 and 20. It’s important to note the transaction fee was sitting at $5 a month ago and dropped to…

Fezoo Exchange presale gains popularity with EOS, Wrapped Bitcoin investors 

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Investors from EOS and Wrapped Bitcoin sectors are turning to Fezoo Exchange’s presale, drawn by its promising prospects amid a bearish market. As Fezoo’s popularity continues to soar, the cryptocurrency exchange platform keeps seeing an influx of investors. Investors in projects like EOS and Wrapped Bitcoin, who have endured a bearish market, are also tuning in. Apart from diversifying their portfolios, its presale’s return prospects have also led to…

PayPal to offer BTC rewards to sustainable Bitcoin miners

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Paypal plans to reward Bitcoin mining firms who take steps to reduce the environmental effects of their operations. PayPal’s Blockchain Research Group, in partnership with Energy Web and DMG Blockchain Solutions, has proposed utilizing “cryptoeconomic incentives” to encourage Bitcoin miners to use low-carbon energy sources, according to a blog post from April 22. The company expects that the experimental incentive will spark greater discussion and innovation around Bitcoin, and it is soliciting industry feedback on potential improvements. Bitcoin mining is the process by which individuals known as “miners” solve cryptographic…

Animoca Brands Japan Teams up With Square Enix to Market ‘Symbiogenesis’ and Its NFT Collection

Animoca Brands Japan, a subsidiary of Animoca Brands, has signed an Memorandum of Understanding with Square Enix to assist in the marketing of the upcoming game Symbiogenesis and its related NFT collection. Square Enix, known for high-profile games like Final Fantasy and Kingdom Hearts, will leverage Animoca’s experience in Web3 to facilitate Symbiogenesis’s overseas expansion, […] Source CryptoX Portal

Nvidia, defense sector stocks outperform Bitcoin in post-COVID era, data reveals

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New research reveals Nvidia’s 180% surge in stock price, with BAE Systems and Meta closely trailing, while Bitcoin registers a conservative 8.26% increase in the post-COVID period. A recent study conducted by Banking Methods has shed light on the dynamics of both stocks and cryptocurrencies, with a keen focus on Bitcoin‘s performance. According to the findings, Nvidia emerged as the frontrunner in the list of best-performing investments, boasting an impressive 180% increase in value during the post-COVID period. The tech giant’s shares skyrocketed from $293 in 2021 to a staggering…