A phased-in 30% tax on cryptocurrency mining electricity costs has been proposed by United States president Joe Biden in his administration’s 2024 fiscal year budget. A Department of the Treasur...
Tag: usage
Ethereum’s NFT gas usage heads towards a two-year low as inscription demand takes over
Definition The relative amount (share) of gas consumed by the Ethereum network by category. Transactions are classified into one of the following categories: NFTs: Transactions interacting with non-fu...
Bitcoin memory usage full, number of transactions waiting in the mempool exploding to new highs.
Quick Take Bitcoin memory usage has exceeded 300MB, with a capacity of 545 MB We are currently seeing <3.00 sat/vB being purged, while high priority is up to a whopping amount of 32 sat/vB Inscript...
Brazil to Launch Experimental CBDC to Ensure More Secure & Private Customer Usage
Brazil recently launched the experimental phase of its CBDC project, with plans to see adoption by the end of 2024. The central bank of Brazil has officially launched its experimental central bank di...
BNB’s network usage and key metrics have something important for you
The number of active users of BNB increased considerably last week. However, market indicators suggested a further price drop. Token Terminal’s data revealed that Binance Coin’s [BNB] fees and revenu...
Ethereum gas usage spikes for stablecoins; primarily inflows in USDT
Definition The relative amount (share) of gas consumed by the Ethereum network by category. Transactions are classified into one of the following categories: Stablecoins: Fungible tokens with value pe...
China reportedly approves crypto usage in Hong Kong, details inside
China is reportedly onboard with Hong Kong’s recent push to embrace crypto. Representatives from mainland China are closely following and reporting on the crypto developments in the island city. The i...
Bitcoin Ordinals’ adoption, utilization, memory usage drop
Quick Take Since introducing Ordinals and inscriptions in January 2023, Bitcoin block space, usage, and transactions have grown exponentially. Last week, the 100k Ordinal was inscribed, which shows th...
Bing put caps on usage after it gives offensive replies
Microsoft’s search engine, Bing, has placed caps on new usage after its AI-powered chatbot was found to offer unhinged responses. The move is a response to the widespread criticism the chatbot receive...
Ethereum total gas usage just hit a 4-month low amid a price slump
The ethereum network is witnessing a drastic reduction in the amount of gas used, as total gas usage recently plummeted to 4,507,912,628 – a low last witnessed in October 2022. This gradual reduction ...
UAE set to issue CBDC for cross-border payments and domestic usage
The Central Bank of the United Arab Emirates is set to launch its CBDC. The CBDCs are part of a larger program called FIT, which seeks to accelerate digital transformation. The Central Bank of the Un...
SBF lawyers reach agreement on messaging apps usage
Sam Bankman-Fried’s (SBF) attorney Mark Cohen said an agreement had been reached with prosecutors to allow the arrested FTX founder to use some messaging applications — excluding Signal. U.S. pr...
Taproot Usage Soars Amid Rising Interest in Ordinals on Bitcoin
Ordinals – a new and controversial Bitcoin-based protocol – is making its mark on-chain with a record number of Taproot-related transactions, according to the blockchain data provider Glassnode. Neve...
China Launch Activities to Reiterate Digital Yuan’s Usage
China organises extra curricular activities to boost CBDCs adoption. Senior ruling party official says CBDCs adoption is decreasing. Over 180 million yuan worth $26.6 million were distributed in se...
Ethereum Network Usage Skyrockets As ETH Hits Two-Month High
Despite the crypto market conditions, crypto assets and blockchains have continued to amass new highs pushing the global cryptocurrency market forward. In today’s news, Ethereum on-chain activity reco...
NFTs accounted for 28% of the ETH gas usage in January
CryptoSlate analysts examined the gas usage shares of different transaction categories on the Ethereum (ETH) network and found that the NFTs category accounted for 28% in the first month of the year. ...
Ukraine Receives Military Equipment To Counter Russia’s Expected Surge In Landmine Usage
The recent military aid package from the United States to Ukraine included equipment specifically designed for mine warfare, including mine rollers, Mine Resistant Ambush Protected Vehicles (MRAPs), a...
Massachusetts bill for special blockchain commission to assess government usage
Two bills related to crypto were introduced to the Massachusetts House of Representatives on Jan. 19. The first related to a new “special commission on blockchain” and the second on “protecting consum...
Bitcoin mining council Q4 2022 briefing shows a drop in sustainable energy usage
The Bitcoin Mining Council (BMC) recently released its Q4 2022 briefing, showing a current sustainable energy mix of 58.9% – a half percent decrease from the previous quarter’s 59.4% figure. The BMC w...
IPwe, Casper Labs converting 25 million patents to NFTs as enterprise blockchain usage grows
During the World Economic Forum meeting in Davos, IPwe Inc. and Casper Labs announced a historic move to convert 25 million patents to dynamic NFTs. The announcement marks one of the most significant ...
Salesforce Customers Not Swayed by Slack, Analysts Say
When Salesforce Inc. bought the messaging application Slack for $27.7 billion almost two years ago, it said the marriage would “transform the way everyone works in the all-digital, work-from-anywhere ...
Digital Yuan Pilot on Course Despite Claims of Low Usage
The People’s Bank of China assured the public that the digital yuan (renminbi) pilot is running steadily. The CBDC is currently expanding its pilot areas and undergoing more developments. The People’s...
Chinese Digital Yuan Usage Needed to be Widened, Says Former PBOC Official
Recently a former official of a Chinese financial institution reported to highlight the current situation of the central bank digital currency (CBDC) in the country. He said the ‘digital currency is l...
CBRT sticks along & accelerates usage of Digital Lira
Turkey is determined to go ahead with the test on its Digital Lira after the central bank announced that it had concluded the first test. The Central Bank of the Republic of Turkey has added that it p...
Former Chinese central banker says digital yuan ‘usage has been low’
A former official of the People’s Bank of China (PBOC), the country’s central bank, has expressed disappointment that China’s digital yuan is seeing little use. Xie Ping, a former PBOC research direct...
BTC Usage to be Legalized in Nigeria
Nigeria will soon pass a bill to legalize BTC and cryptocurrency usage. The African nation had banned crypto usage in February 2021. Bitcoin is gaining popularity worldwide; the idea of cryptocurrenc...
JPMorgan Chase Publishes Research On Crypto Usage
American multinational investment bank and financial services holding firm JPMorgan Chase has published the results of a research project it has engaged in. The report highlights how trends have emerg...
Nigeria Seeks to Legalize Bitcoin, Crypto Usage With New Bill
Nigeria is planning to push a law to legalize the usage of bitcoin and cryptocurrencies, backpedaling its stance on the industry. According to a local newspaper, Babangida Ibrahim, chairman of the Hou...
Nigeria set to legalize Bitcoin usage
While Bitcoin (BTC) has dropped to its lowest level in the last two years, many organizations throughout the world have always considered it as a tool against inflation. Africa has, nevertheless, been...
Snowfall Protocol (SNW) Shoots at the Moon; Dai (DAI) and ApeCoin (APE) Hitting New Usage Lows
Place/Date: – December 17th, 2022 at 7:34 am UTC · 3 min read Source: Snowfall Protocol The unpredictability of crypto markets continues to confound crypto investors. At a time when most of the ...
Verizon stock has had a tough year. Is a ‘drastic’ shakeup in order?
At a time when AT&T Inc. is winning praise for disentangling itself from recent deals, is it time for rival Verizon Communications Inc. to actually think about a merger of its own? LightShed Partn...