The Bitcoin network facilitated a transaction worth over $500 million on Oct. 27, transferring around 24,530 BTC. The entire transaction was sent, processed, and confirmed for a fee of just $0.83. According to data from mempool.space, the 24.5 sat/vB fee was significantly overpaid, as only around 10 sat/vB would have been enough to include the…
The Swiss city of Lugano has announced today that it will recognize cryptocurrencies as legal tender. According to Michele Foletti, the mayor of the City of Lugano, Bitcoin (BTC), Tether (USDT), and Lugano’s own LVGA Points token will be recognized as de-facto currencies. The announcement was made at Lugano’s Plan B event, where the city’s…
The world is growing increasingly pro-Bitcoin as the latest data has shown that the flagship digital asset settled over $30 billion worth of transactions in one day beating that of other payment gateway systems like that of MasterCard and Visa. Bitcoin settled $31 billion transactions in a day While the network has witnessed a drop…
The adoption of Bitcoin in Africa has swelled immensely over the past year, making it the third fastest-growing Bitcoin economy globally. BTC adoption up by 1200% in Africa A report produced by Chainalysis estimated the growth to be over 1,200%, which means there has been an increase in Bitcoin activities carried out by retail investors…