Bitcoin network congested: five hundred thousand pending transactions

May 08, 2023

Crypto exchange Binance decided to pause Bitcoin transactions twice in the past 24 hours. The reason: the large volume of pending transactions, approaching five hundred thousand. With such a long waiting line, transaction fees shoot up. The silver lining: Binance has announced it will make Bitcoin Lightning payments possible.

How the Kingdom of Bhutan is secretly accumulating Bitcoin

May 03, 2023

Some well-known state actors own Bitcoin or other cryptocurrencies. Most of them got BTC in possession because they confiscated them during criminal investigations. However, a few exceptions exist, such as El Salvador, which adopted the Bitcoin standard under President Nayib Bukele. His country became a shining beacon of hope for all Bitcoiners who genuinely believe that Bitcoin can improve the world.

New: BRC20-tokens on Bitcoin’s Ordinals protocol

May 03, 2023

The daily number of inscriptions made through Ordinals protocol on Bitcoin has exploded in recent weeks. In early April, text began overtaking images as the main content type: the scripts for tokens minted of the new token type BRC-20. In recent days, the Bitcoin blockchain is being congested by this new type of transactions. And that’s not necessarily a bad thing.

12 months until the next Bitcoin halving

May 02, 2023

We’re less than 12 months away from the coming Bitcoin halving, which is expected in the final week of April 2024. A nice time to take the pulse of the Bitcoin network. How is it doing in terms of transactions, hash rate, transaction fees? And how is the price doing compared to previous cycles?


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