Bitcoin News and Information Today

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?

Mining: Greenidge deploys 6,914 rigs with Core Scientific

Apr 28, 2023

Miners have had a tough time for the last 16 months. They operate in a hostile business environment that forces them to compete with each other. There is no niche or time to take a rest. Miners must increase their hash power and catch up to their competitors. With prices plummeting in 2022, the situation worsened since their revenue nosedived with Bitcoin. But the mining industry is slowly recovering and is helping each other out.

Is Mexico the next country to adopt Bitcoin as legal tender?

Apr 27, 2023

Samson Mow gave a speech in front of the Mexican Congress and shared his appearance on social media. This has raised the question if Mexico is ready to follow El Salvador's example and adopt Bitcoin as a legal tender. Mow is one of many people of public interest to bring this topic up. The Bitcoin community speculates if and when mass adoption will happen in Mexico.

Money, debt and Bitcoin

Apr 27, 2023

Many economists see money as a human invention that followed barter. But according to anthropologist David Graeber, in his book Debt: The First 5,000 Years (2011), it is not the case that we first bartered eight chickens for a goat and then invented money. No, debt existed before it all. What does this tell us our financial system and about Bitcoin as an alternative?

Outrage: Apple removes Bitcoin whitepaper

Apr 26, 2023

When the news broke that the Bitcoin whitepaper was hidden in Apple's macOS, the whole crypto community got excited and started speculating. Did Steve Jobs invent Bitcoin? Who hid the whitepaper and was he or she trying to send a secret message in doing so? Some stories pitched by the media after the news broke were outright hilarious. But it looks like the days of entertainment and hidden Bitcoin education are done.

Dormant BTC waking up

Apr 26, 2023

In the recent week, four addresses that held a thousand Bitcoin or more woke up from a slumber and started moving their BTC. What would bring someone who held their coins a full decade to move them? Could this be a potential hack or are there more like explanations?

Bitcoin donations: Michael Saylor showered in Satoshis via e-mail

Apr 18, 2023

The lightning network is believed to be the solution to overcome the limitations of on-chain transactions. Instead of settling on the blockchain, the sender and recipient transact within a few seconds and finalize the transaction at a later point in time. This technology is not only used on top of Bitcoin but also works with other blockchains such as Litecoin. Lightning adoption is still lagging behind and the community closely monitors those companies that do and cheers over every single new address.

Bitcoin accepted: OpenBazaar teases its reopening

Apr 14, 2023

OpenBazaar was the biggest marketplace in the world that accepted Bitcoin. In early 2021 the platform had to close its business for good because it ran out of money. New investors were nowhere to be found and even donations from its community couldn’t save it. In effect, the Bitcoin community lost one of its most iconic platforms. Nobody stepped up to take OpenBazaars place and it became silent around the marketplace. After a long time, there is sudden movement and it seems that OpenBazaar could reopen after all these years.

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