Author: NBTC

Bitcoin transaction fees have reached their lowest point since early November 2023, roughly six months ago. The average fee is now about $2.77 per transaction, with low-priority to high-priority transfers costing between $0.38 and $0.95 per transaction on May 24. Bitcoin Transfer Fees Reach Lows Not Seen Since November 2023 Transferring BTC onchain is now more affordable than it has been all year or since November 2023, as indicated by data from bitinfocharts.com. Currently, the average transaction fee stands at 0.000041 BTC or $2.77 per transfer. A median-sized transaction on the Bitcoin blockchain costs 0.00002 BTC or $1.34 per transaction.…

While altcoin whales have been active in recent days, there are both sellers and buyers. Wintermute, one of the giant market makers, also deposited $12 million worth of Arbitrum (ARB) to Binance hours ago. According to a post by on-chain analyst The Data Nerd, three wallets belonging to Wintermute deposited 12.3 million ARB worth $12 million to Binance. Notably, Wintermute had withdrawn all these ARB tokens from Coinbase two days ago. “3 hours ago, 3 wallets belonging to Wintermue deposited 12.3 million ARB (worth approximately $12 million) to Binance. All of the above tokens were withdrawn from Coinbase 2 days…

MetaMask announces Bitcoin integration, sparking mixed reactions from users who debate the focus on new features against improving current ones. MetaMask, a digital wallet in the Ethereum ecosystem, is set to expand its reach by integrating Bitcoin support. While the timeline for this integration remains uncertain, sources indicate that Bitcoin functionality could be available on MetaMask in the next month. Initially, this support may be limited, with plans for feature expansion over time. 🚨 METAMASK TO ADD BITCOIN SUPPORT Popular self-custodial wallet MetaMask, which is primarily an Ethereum wallet, has expanded beyond Ethereum with Snaps and plans to add Bitcoin…

Based Brett is off to a ripper onchain summer. Base’s biggest memecoin has gone from under $10 million market capitalization to nearly $2 billion in 101 days. BRETT is now a whisker away from flipping Solana dog coin BONK (there’s less than 7% between them this morning). BONK hit an all-time high in March and has since retraced by about 40%, while BRETT — which launched only days earlier — has gone 200x. BRETT would still need to flip WIF to properly unseat the Solana dog coins Read more: These cryptocurrencies hit all-time high alongside bitcoin’s recent pump It’s rare…

Unfortunately, it’s not looking good for FTX customers looking to raise the tragically low bitcoin price that the bankruptcy estate will use to calculate their repayments. Yesterday, a US bankruptcy judge denied a victim’s request to use a higher price than $16,871. Specifically, the judge denied Australian Bitcoin miner NuGenesis Ou’s request to vacate a January 31 ruling that set the USD calculation date for crypto asset pricing to November 11, 2022. On a separate and unrelated issue, NuGenesis also complained about FTX calculating the price of its proprietary token, NuCoin, at $0 as of November 11, 2022. More relevant…

Shibburn shared recent data that shows astounding growth in one of the key SHIB metrics – the burn rate. Since last morning, it has suddenly skyrocketed. Meanwhile, a SHIB team executive has shared her take on the potential launch of SHIB ETF in the future. In the meantime, SHIB has failed to recover after a recent price decline. Shib burn rate explodes The aforementioned platform, Shibburn, tracks SHIB transactions made to dead-end wallets on Etherscan and then accumulates them on its own website for the Shiba Inu community. After the latest update, the web page showed that over the last…

The appetite Bitcoin whales have for more coins has returned for the first time since the price of Bitcoin reached its all-time high in March, according to blockchain data. “They are now returning with a strong buying force again, indicating that the current prices are suitable for purchasing and accumulating despite the widespread fear,” market intelligence firm CryptoQuant tweeted on Friday. Analysts cited a rise in the 30-day percentage change in whale address holdings, alongside a rising total BTC balance held by whales. In on-chain terms, a ‘whale’ is the owner of any Bitcoin address holding between 1,000 BTC and…

Neo has partnered with Echooo Wallet, which will integrate support for the Neo X EVM sidechain once MainNet is live. The partnership marks the first wallet provider offering account abstraction-enabled solutions for the Neo ecosystem. With account abstraction, user safety and security over self-custodial wallets is improved by removing dependence on private key solutions and offering wallet recovery functions. Echooo Wallet currently supports the Neo X TestNet. Echooo is a Wallet-as-a-Service company developing a “seed phrase-fee” self-custody wallet solution by leveraging smart contracts and social recovery capabilities. At the time of press, approximately 5.7 million Echooo wallets have been created…

New data reveals that spot market Bitcoin (BTC) exchange-traded funds (ETFs) have brought in nine straight days of inflows totaling one billion dollars. According to data from London-based investment firm Farside Investors, BTC ETFs have seen positive inflows every day since May 14th, totaling more than $1.75 billion. May 15th and May 21st marked the days with the largest inflows, as they saw $303 million and $305.7 million, respectively. The data also unveils that the Grayscale Bitcoin Trust (GBTC) is the only BTC ETF that saw outflows during the nine-day period. On May 14th, it saw $50.9 million worth of…

Filecoin Foundation proposes adoption initiatives like user-friendly apps, hot storage, and data verification tools. The Filecoin network experienced massive growth, with 2,000+ clients, 3,000 storage providers, and 1,900 PiB data stored in Q1 2024. The Filecoin Foundation, a key player within the Filecoin ecosystem, is spearheading initiatives to drive substantial growth and foster its advancement throughout 2024. Three years after the mainnet launch, Filecoin’s ecosystem is at a pivotal growth stage. Adoption, data on the network, and utilization are all on the rise, driven by interest in DePIN, computing, and the burgeoning data economy. According to a recent Messari report,…