Bitcoin News

The $70B Meme Coin Market: Dogecoin Skyrockets Past a Half Dollar, DOGE Market Cap Eats Into BTC Dominance

The popular meme-based crypto-asset dogecoin has seen incredible gains during the last 24 hours jumping over 40% since yesterday. After just recently capturing a $50 billion market valuation, Dogecoin’s market cap now exceeds $71 billion. Moreover, the meme-coin has been eating away at bitcoin’s market dominance, as dogecoin captures 3% of the entire crypto-economy at…

Bitcoin News

Top Auction House Sotheby’s to Accept Cryptocurrencies via Coinbase for Physical Art

Sotheby’s, the world’s largest auction house, will start accepting cryptocurrencies for physical art. The first auction for which bitcoin and ether will be accepted is Banksy’s Love is in the Air image at the Contemporary Art Evening Auction. The piece is estimated to sell for between $3 million and $5 million. Sotheby’s Accepts Bitcoin and…

Bitcoin News

Bitcoin Miners Brought In $56 Million Per Day In April

Bitcoin miners generated more than $56 million on average per day in April 2021, making it the industry’s second strongest month ever. The Bitcoin mining industry saw its second strongest month ever in April 2021, generating total revenue of $1,702,531,320, or $56,751,044 per day on average, as a spike in transaction fees helped make up…

Bitcoin News

Running Bitcoin: A Sculpture Celebrating Hal Finney’s 65th Birthday

A touching sculpture dedication pays tribute to the legendary cryptographer Hal Finney and his love of running. “Running Bitcoin” is a sculpture in commemoration of Hal Finney — celebrating his 65th birthday and his contributions to Bitcoin. It will be up for auction beginning today, May 4, 2021, Hal’s birthday, and 50% of the sale…

Bitcoin News

Nearly Half Of Bitcoin Hash Rate Now Signaling For Taproot Activation

Bitcoin mining pools have begun signaling for the Taproot soft fork activation, with almost half of network hash rate currently doing so. The path to activation for Bitcoin’s Taproot protocol upgrade is underway after the recent Bitcoin Core version 0.21.1 release included its activation code, and the largest mining pools are already signaling support. Bitcoiners…

Bitcoin News

Sotheby’s Accepting Bitcoin For A Banksy

The legacy fine arts auction house Sotheby’s International would accept bitcoin in exchange for a Banksy painting being auctioned soon. 276-year-old fine arts auction house Sotheby’s International is open to bitcoin payments for a Banksy piece estimated to fetch $3 million to $5 million during an upcoming sale. “What better combination to introduce crypto than…

Bitcoin News

A Comparison Of Bitcoin’s Environmental Impact With That Of Gold And Banking

The impacts of gold and banking on the environment relative to Bitcoin are much greater than mainstream narratives suggest. The following is a republishing of Hass McCook’s “Comparing Bitcoin’s Environmental Impact…,” which was first published here. NOTE: The methodology and underlying figures (specifically, emission rates for gold and banking) mentioned throughout are generally derived from…

Bitcoin News

Interview: Reflections On Satoshi With Adam Back And Pete Rizzo

Pete Rizzo discussed the earliest days of Bitcoin and Satoshi Nakamoto’s influence with Blockstream’s Adam Back. Watch This Episode On YouTube Listen To This Episode: Apple Spotify Libsyn Overcast This week for the “Bitcoin Magazine Podcast,” we have a replay of last week’s interview between Adam Back and Pete Rizzo on Satoshi’s legacy. Back is…

Bitcoin News

After A Needed Break, The Bitcoin Price Still Has Gas In The Tank

What’s been behind the recent dips in the price of bitcoin, and what might the future potentially hold? Navigating the stormy seas of the bitcoin markets can be a challenge. Luckily, Bitcoin uses a publicly available blockchain that contains valuable information about all transactions that were ever made on the network. By combining this on-chain…