The Bitcoin network has reached a major milestone, processing its one billionth transaction yesterday, an achievement comes 15 years and 4 months after Bitcoin’s genesis block was mined on January 3, 2009. JUST IN: #Bitcoin has officially processed over 1 billion transactions. pic.twitter.com/bFbSW5NEAW — Bitcoin Magazine (@BitcoinMagazine) May 5, 2024 At an average rate of…
Marathon Digital Holdings, the largest publicly traded bitcoin miner by market capitalization, has launched Slipstream, a service for individuals to easily submit complex and non-standard transactions to the Bitcoin network. Slipstream is the first instance of a public bitcoin mining company facilitating direct transaction submission services, made possible by the fact that Marathon operates its…
The presiding judge did not issue a ruling or signal the outcome but a win for Coinbase could be a huge blow to the SEC, which has lost several crypto-related cases. With the United States Congress having failed to provide clear guidelines for the nascent cryptocurrency market, the key crypto players in the country have…
The new routing tech is developed by the ConsenSys-backed Special Mechanism Group (SMG) to enable smart swaps on the MetaMask wallet. ConsenSys Inc, a private blockchain software technology company that has focused on building web3 infrastructure, is on the verge of releasing a game-changer feature for the MetaMask wallet. According to a report by CoinDesk,…
The partnership between Immutable and Transak will grant all games built on the Immutable zkEVM access to Transak’s suite of products, enabling players to make seamless transactions across games and marketplaces. Web3 game development platform Immutable is set to integrate Transak into its gaming development infrastructure. The integration will make Transak the primary payment service…
Olivier Le Moal We’re nearing the end of the Q3 Earnings Season for the Gold Miners Index (GDX) and one of the most recent companies to report its results was Wheaton Precious Metals (NYSE:WPM). Overall, the company had a solid quarter given the impact of significantly lower sales from its Penasquito silver stream related to…
In 2023 so far, USDT transactions totaled $271 billion Brazilian reais (approximately $55 billion) and surpassed Bitcoin (BTC) transactions, which accounted for $151 billion reais ($30 billion). Tether (USDT) stablecoin has become the most widely used cryptocurrency in Brazil, with its adoption incredibly soaring this year. According to the report from Brazil’s Receita Federal (the Special…
Binance is currently in the process of finding partners for dealing with fiat transactions in the UK, as British users are still unable to deposit GBP. Leading global cryptocurrency exchange Binance has successfully onboarded fresh fiat partners to facilitate euro transactions after halting the services earlier this year due to regulatory challenges. In an official…
The new MoneyGram non-custodial wallet will provide a more flexible way for users to handle funds and make transactions cheaper. International peer-to-peer payments and money transfer giant MoneyGram International has announced its intention to launch a non-custodial wallet to bridge crypto and fiat. According to MoneyGram, users will be able to exchange funds between fiat…
Last week, the Base Layer 2 network hit its ATH in daily transactions of about 1.88 million, higher than Optimism and Arbitrum combined. Coinbase Global Inc (NASDAQ: COIN) launched its Ethereum-based layer two (L2) network dubbed Base earlier in August. Less than two months later, the layer two network has registered exponential growth following high…
Today, the U.S. Department of the Treasury and the Internal Revenue Service (IRS) have jointly announced a set of proposed regulations focusing on the sale and exchange of digital assets by brokers. The is part of the broader strategy set forth by the Biden-Harris Administration’s bipartisan Infrastructure Investment and Jobs Act (IIJA), in attempt “to…
Today, Thibaud Marechal and Gustavo Flores announced the launch of Coinjoins.org, an open-source project focusing on educating Bitcoin users on the privacy functionality of collaborative transactions, per a press release sent to Bitcoin Magazine. Born from the observation of heated discussions surrounding popular iterations of coinjoin tooling, Coinjoins.org aims to bring clarity to the differing…
The collaboration between FedNow and Dropp has garnered mixed reactions from the crypto community. The United States Federal Reserve’s instant payment system FedNow has added support for Dropp, a cutting-edge payment application based on the Hedera Hashgraph (HBAR) Network. The company, which uses advanced blockchain technology to expedite payment processes and enhance financial transactions, has…
Binance, one of the world’s leading cryptocurrency exchanges, has successfully integrated Bitcoin (BTC) onto the Lightning Network, enabling faster and more efficient transactions. As of today, users can now deposit and withdraw Bitcoin (BTC) using the Lightning Network on the Binance platform. The integration of Bitcoin on the Lightning Network marks a significant milestone for…