Micropayments were all the rage in the 1990s. The idea of allowing customers to pay tiny fees for physical or online products was thrilling and received a lot of attention. However, early micropayment models failed to solve the problem of incurring large costs on processing tiny transactions. This is why micropayments haven’t taken off, years later after the idea was…
Watch This Episode On YouTube Listen To The Episode Here: In this episode of “Bitcoin, Explained,” hosts Aaron van Wirdum and Sjors Provoost discuss URSFs, which stands for either User Rejected Soft Forks or User Resisted Soft Forks, depending on who you ask. URSFs are a recently introduced tool in Bitcoin’s upgrade mechanism toolkit. In the first part of the…
The below is an excerpt from a recent edition of Bitcoin Magazine Pro, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now. UST Dollar Peg Collapses What’s been developing over the weekend and has been amplified today is the depegging of the Terra…
Last week, Yuga Labs’ massive Otherdeed NFT mint, for virtual land deeds in the Bored Ape Yacht Club metaverse realm Otherside, clogged the Ethereum mainnet with transaction demand. This triggered a gas war and network chaos that could have been prevented altogether, according to E.G. Galano, the co-founder and general manager of Ethereum infrastructure provider Infura. While Yuga Labs saw…
Pop culture icon Madonna and the digital artist Beeple announced a three-video NFT collaboration today featuring a naked, CGI Madonna giving birth. It’s called “Mother of Creation.” Madonna—whose current Twitter profile picture is her Bored Ape Yacht Club NFT—shared in a video with Beeple that the pair began collaborating on her first-ever NFTs a year ago. “We set out to…
In brief The Luna Foundation Guard deployed $1.5 billion in reserve assets to shore up UST’s peg. Nonetheless, the price of the stablecoin, which should be $1, continued to drop. The de-pegging comes amid a general market decline. Terra’s UST, the third-largest stablecoin by market cap, dropped to below $0.90 in Monday trading, according to CoinMarketCap data, even after the…
Watch The Whiteboard Video Here In this article, we are going to dive into Bitcoin’s impact on the environment. Since the rise of Bitcoin, the media has relentlessly attacked it based on its energy consumption. A popular argument comes from The Guardian, “A single bitcoin transaction uses the same amount of power that the average American household consumes in a…
While bitcoin’s price has dropped to levels not seen since January 2022, a number of detractors think bitcoin is on its death bed. Data stemming from the Bitcoin Obituaries list shows the leading crypto has died seven times in 2022, outpacing the first three years of obituaries by year written by bitcoin haters. The last obituary written about bitcoin, opined…
As cryptocurrencies continue to lose ground, with the total market cap falling to $1.4 trillion and Bitcoin’s price dropping to $30,000, blockchain analysts at CoinShares and Glassnode have spotted an interesting mix of investor activity. There’s evidence that investors were using price turbulence last week to move more assets into Bitcoin, Ethereum, and exchange-traded products that are based on other…
The largest corporate bitcoin holder is on the red.Bitcoin dipped to $30,330 on Monday.MicroStrategy paid an average of $30,700 for each bitcoin it holds. The largest corporate holder of bitcoin, MicroStrategy, was at a loss as bitcoin dipped below its average purchase price of $30,700 on Monday. The bitcoin price hasn’t had a good performance in the past few weeks,…
