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CATEGORY: bitcoin transfer


Feb 24, 2024 05:50

Bitcoin Miners Face Adapt or Perish Scenario as Halving Approaches in Under 60 Days

Data indicates that we’re 96% through the journey to the next Bitcoin halving event, with under two months remaining until the reward for mining a block is reduced from 6.25 to 3.125 bitcoins. Although it’s still premature to pinpoint the precise date—given the average ten-minute interval between blocks—the event is anticipated to take place in [...]

The post Bitcoin Miners Face Adapt or Perish Scenario as Halving Approaches in Under 60 Days appeared first on Crypto Breaking News.

Feb 19, 2024 05:50

Bitcoin Network Faces Downturn in Transactions and Fees as Halving Approaches

The volume of daily transactions on the Bitcoin network has seen a significant decline since Jan. 28, 2024, with numbers falling from peaks above 600,000 to below 300,000 transactions per day. This downturn is in sync with a decrease in the daily creation of Ordinal inscriptions, overall easing congestion and reducing onchain fees. Network Activity [...]

The post Bitcoin Network Faces Downturn in Transactions and Fees as Halving Approaches appeared first on Crypto Breaking News.

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