Post-halving, transaction fees will be pivotal for sustaining Bitcoin miners amid reduced block rewards.
Bitcoin transaction fees have surpassed Ethereum's for three consecutive days as investors increase activity ahead of the Bitcoin halving and the introduction of the Runes token standard.
Transaction fees will play an important role in keeping Bitcoin miners afloat after the halving as the subsidy for mining a block is set to fall from 6.25 BTC to 3.125 BTC.
The average fee on the Bitcoin network jumped to $19.48 as the halving approaches.
According to recent data, bitcoin transaction fees have significantly increased since the first week of April. Metrics show that the average fee has escalated to 133 satoshis per virtual byte or $19.48 per transaction.
Analysts Forecast Bitcoin's Potential Bounce Back Amid Market Uncertainty
Bitcoin faced a correction on May 1st, dropping below $60,000. Analysts suggest its dominance in the crypto market may have peaked. Some analysts pred
US Senators Push For Action On Crypto Regulation And Security Concerns
Senators Warren and King are urging stricter crypto regulations amidst concerns of Iran using cryptocurrency to bypass sanctions and fund illicit acti
Bitcoin Miner Stronghold Considering Sale Amidst Market Challenges
Following the recent Bitcoin halving, Stronghold Digital Mining is considering selling all or part of the company to cope with reduced profits, sparki
Manhattan Man Arrested By FBI For $43M Crypto Ponzi Scheme.
The FBI arrested Idin Dalpour, a New York resident, for running a multi-year Ponzi scheme that defrauded investors of at least $43 million, involving
Binance Nigeria Trial Postponed To May 17th
The trial involving Binance and its executives on money laundering allegations in Nigeria has been postponed to May 17. The adjournment was due to mis