NFT News Official TheBitTimes.com

Whale Alert brought to light that a dormant address containing 1,005 BTC was activated recently after a period of almost 12.8 years. The coins were worth around $29.75 million when they were moved. The address paid 0.00004013 BTC [$1.18] as a fee to execute the transaction. The address was created in 2010, and these coins were mined a year after Bitcoin’s birth. The coins were valued at $328 in 2010. Commenting on the movement of the 1005 ‘virgin’ Bit coins , Blockchain Researcher Kirill Kretov posted on LinkedIn, “That is quite a remarkable awakening that we see lately, not only by the date of creation but also by the amount that has been transferred.” Such transfers are usually not welcomed by the people because they perceive that an influential holder has lost confidence and intends to liquidate holdings. Diamond hands selling the asset have triggered market sell-offs in the past. Keeping the optimistic door open, and laying out an...

Bitcoin transactions and fees are at high levels, and 400,000 of them are still unconfirmed on the blockchain. Increased fees and a backlog of transactions are besieging the Bitcoin (BTC) network and it’s due to a popular new “token” standard according to a CryptoQuant analyst . On May 9, Axel Adler Jr, an analyst with the crypto data firm, explained that BRC-20 memecoin minting on the BTC blockchain is causing the surge in block space demand, adding: “Unlike conventional token standards, such as Ethereum's ERC-20, BRC-20 does not utilize smart contracts and operates only with wallets supporting the Bitcoin blockchain.” According to CryptoQuant, the average fee per transaction skyrocketed, exceeding $16 and peaking at $29 on May 9. Bitcoin under siege from BRC-20 "junk" coins : record fees and thousands of unconfirmed transactions! "Unlike conventional token standards, such as Ethereum's ERC-20, BRC-20 does not utilize smart contracts and operates only with ...

Mar 19, 2023 at 09:59 // Price Author Coin Idol The following cryptocurrencies had the worst week of all altcoins. In the last few days, the price of Bitcoin has seen a dramatic rise as it broke above the overhead resistance level. Many cryptocurrencies have been performing well and climbing to new highs. The prices of the following cryptocurrencies failed to rise despite the recent upward trend . We will discuss a handful of these additional coins in more detail later. Huobi Token Huobi Token (HT) is in a down trend but consolidating above the $4.00 ...