On May 7, 2023, the Bitcoin network was plagued with an overwhelming 500,000 unconfirmed transactions, causing a major bottleneck in the system. However, the good news is that the congestion has been clearing, resulting in a significant reduction in onchain fees, which have now dropped below $5. As of now, there are only slightly over 300,000 unconfirmed transactions awaiting confirmation,…
An often overlooked aspect of the cryptocurrency market’s reputation for volatility is the effect sudden market changes can have on the mental health of traders and investors. Addiction to day trading, or pathological trading, is already well-known among stocks and commodities traders and has been extensively documented by medical professionals. There are even rehab programs devoted to treating day-trading addiction.…
As the hype surrounding the PEPE memecoin intensifies, bad actors within the space have started to take notice, resulting in various scam attempts plaguing the crypto space. According to blockchain security firm PeckShield, there were at least ten meme coin scams created in the last three days alone. The firm detected and reported scam tokens that recently had their liquidity…
The ‘mainstreamification’ of NFTs initially gained traction in the art world, addressing the industry’s inherent problems and presenting a use case that was relatively easy for the average consumer to grasp. Since then, new trends have emerged, shaping the face of NFT art today and impacting its future trajectory. Notably, the recent popularity of Bitcoin NFTs and open edition collections…
Bitcoin Ordinals, a technology that enables adding text, images and code on a satoshi — the smallest unit of Bitcoin (BTC) — continues to inspire debate among the Bitcoin community. Soon after the introduction of Bitcoin Ordinals in January 2023, the technology’s opponents began to raise concerns over its perceived flaws, citing issues like rising transaction costs and slower speeds.…
Texas lawmakers on Wednesday voted overwhelmingly in favor of an update to the state’s Bill of Rights to include the right of the people to own, hold, and use digital currencies. Introduced by State Representative Giovani Capriglione, Bill HJR 146 states that “the right of the people to own, hold, and use a mutually agreed upon medium of exchange, including…
A new crypto wallet has just launched in Apple’s App Store store that uses Web2 trickery to ensure users don’t need to interact with seed phrases or passwords. According to a May 11 announcement from the app’s developer, Kresus, the new wallet stores users’ private keys in an Amazon Web Services Hardware Security Module (HSM) and uses “magic links” and…
Artizen, a Web3 culture-focused crowdfunding platform, announced Thursday that it has raised $2.2 million to help creators fund projects at the intersection of art, technology, science, and design. Thursday’s raise included participation from leading Web3 funds, including Consensys Mesh, Animoca Brands, and Protocol Labs, as well as from individuals including Blank Street Coffee’s Dan Hill, PleasrDAO’s Matt Condon, and Juan…
Ethereum Cancun-Deneb (Dencun) is the next planned upgrade to the Ethereum blockchain. The upgrade will improve the scalability, security, and usability of the Ethereum network. Cancun represents an additional upgrade to Ethereum’s execution layer following the recent activation of Shanghai. This first step went live at epoch 194048, on April 12. Deneb represents the upgrade to Ethereum’s consensus layer. The…
Ethereum fell below $1,800 in today’s session, as markets continued to react to the latest U.S. consumer price index. Inflation in the United States fell to 4.9% in April, less than the 5% sum many had expected. Bitcoin was also lower on the data, falling below $27,000. Bitcoin Bitcoin (BTC) briefly dropped below $27,000 late on Wednesday, as markets reacted…
