According to Messari analyst's OnChainFx rating dated May 10, Bitcoin miners, on transaction processing fees alone, received $ 580,000 per day.
For comparison, all of the miners of other cryptocurrencies, also analyzed by Messari, for the same period, earned 8 times less.
Joseph Lubin said that the blockchain scalability of Ethereum would grow 1,000 times in the next two years.
Co-founder of Ethereum expressed his opinion in an interview with Cointelegraph last weekend. Lubin specified that such a significant increase in scalability will be ensured by the next iteration of the Ethereum 2.0 blockchain network. He explained that the development divided into four stages and that eight groups are already creating clients for the new chain.
The famous cryptocurrency enthusiast and head of Galaxy Digital, Michael Novogratz, said that Bitcoin is only a means of storing wealth, and the world will change Web 3.0.
Speaking at the summit of ConsenSys Ethereal, a former top manager from Wall Street said that Bitcoin was the first to enter the industry and take the place of an asset to accumulate wealth. However, the investor believes that Bitcoin "has already practically fulfilled its use case." At the same time, Novogratz compared the first cryptocurrency with gold, noting that both assets have value as a social concept.The US Federal Trade Commission (FTC) sued a startup that promised crowdfunding participants a smart backpack, but instead spent money to buy BTC and pay for credit cards.
The lawsuit states that Douglas Monahan and his company iBackPack of Texas raised $ 800,000 to "develop several products," including a smart backpack with batteries for charging phones and laptops. However, instead of releasing the iBackpack, as the FTC claims, Monahan was spending money "on personal goals." The commission also claims that Monahan threatened displeased customers on the Internet.
After hacking of the Binance cryptocurrency exchange, which resulted in 7,000 BTC stolen, founder of Tron Justin San announced his intention to make a deposit on Binance in the amount of USD 40 million.
"To support Binance, I will personally deposit 7000 BTC worth USDT (40 million USDT) into Binance to buy BNB, BTC, TRX, & BTT if CZ agrees. No need to FUD! Funds are #SAFU," he wrote on Twitter.
One of the largest cryptocurrency exchanges, Binance, reported a burglary, as a result of which hackers were able to obtain some user data and withdraw 7,000 BTC from the hot wallet of the exchange.
The official report says that the attackers managed to get hold of a significant number of API-keys of users, as well as codes of two-factor authentication. Perhaps they were able to obtain other user data.
The analytical company Delphi Digital has conducted a study, according to which the bottom of the cryptocurrency market has already been passed and a new cycle of Bitcoin exchange rate growth has arrived.
The researchers analyzed the blockchain first cryptocurrency, macroeconomic trends and several options for technical analysis. Judging by the analysis of the bitcoin blockchain, especially by the distribution of unspent transactions by age (UTXO), the bottom of the current cycle has already been passed.
A few days ago, Bitcoin updated the annual maximum, rising above $ 5,800. Some analysts have already stated that Bitcoin is preparing for the campaign to the level of $ 400,000.
Today, "digital gold" on most exchanges is trading at about $ 5,700. Market capitalization exceeded $ 100 billion, and daily trading volume is more than $ 14 billion.
Stablecoin, which is allegedly developing the social network Facebook, will serve as the foundation for the creation of a new payment system.
Project Libra - the internal name of the new blockchain-initiative Facebook - will use a stable cryptoasset, secured by fiat currency. Various sources report that the company is already working on attracting financial companies that will support the project.
According to a study conducted by the Value Walk news website, 46.7% of users prefer to invest in Bitcoin, rather than other cryptocurrencies.
As part of the survey, respondents were asked a few questions. When answering the question "What is your favorite coin?" 46.7% chose Bitcoin, 31.4% - Ethereum, and 21% - Ripple.
Mati Greenspan, a senior analyst at eToro, expressed the opinion that for Bitcoin growth, it is not necessary that the Bitcoin ETF is approved by the US Securities and Exchange Commission (SEC).
"The idea of the SEC approving a Bitcoin ETF is basically saying that the government is going to approve something that the banks made. I don't think Bitcoin cares very much about that," Greenspan said.
Amber Baldet, former CEO of JP Morgan, said that decentralized applications should be easy to use, and users do not need to know about the underlying technology.
According to Amber Baldet, users do not need to know exactly how the application works. For them, the ease of use and the functions provided by the application are important, not the blockchain on which it was created.
Binance Exchange announced the possibility of buying multiple cryptocurrencies with credit cards through a mobile application on Android. The function is available after updating the application to version 1.5.8.0.
The possibility of buying cryptocurrency using plastic cards in a mobile application has become a continuation of the cryptocurrency exchange's cooperation with the payment startup Simplex. According to company representatives, currently BTC, ETH, XRP, LTC and BCHABC are available for purchase.
Japan Minister of Finances and Deputy Prime Minister Taro Aso called on journalists to stop using the term "virtual currencies" and opt for "crypto assets".
Taro Aso gave a speech at a press conference after the government meeting. The full transcript of questions and answers dated March 26 was published by the Japan Financial Services Agency (FSA) on April 25th, along with an English translation.
South Korean giant Samsung is developing its own blockchain based on Ethereum and plans to release a coin in the future.
According to CoinDesk Korea, citing a person "familiar with the internal state of affairs at Samsung," the company's target group for the blockchain creates a network based on Ethereum. The work, however, is still at the "inner experimental" stage.
The founder of Morgan Creek Digital, Anthony Pompliano, believes that Bitcoin can show parabolic growth for five years.
"Bitcoin is the only $95 billion market cap asset I have ever seen that has a realistic chance of a 20-50x increase in value over a 5 year period," Pompliano wrote on the social network Twitter.
The Bitcoin price volatility has increased by almost 200% over the last month, as BTC has risen above the $ 5,000 mark.
According to Bitvol.info, the price volatility of the first cryptocurrency increased by almost 200% from a monthly low of 1.26% to 3.31% for the period from April 1 to 2. Currently, the volatility indicator is at the level of 3.54%.
After the Bitcoin rate jump at the beginning of the month, the price of the first cryptocurrency is in the consolidation phase. However, some traders believe that Bitcoin will soon reach $ 5,800.
Despite the fact that in recent days, the rate of the first cryptocurrency has slightly increased, the main resistance is at around $ 5,400. Bitcoin price is approaching this mark, but so far, it cannot break through the wall of orders placed by sellers.
