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Onchain Bitcoin Fees in 2024: A Closer Look at Transaction Costs and Delays

Bitcoin Network's Average Transfer Fee in 2024 Recent data analysis spanning the last 36 days indicates that the average transfer fee on the Bitcoin network has consistently remained above $3.68. Even for median-sized transactions, the costs have not gone below the $1.67 threshold. As of February 6, 2024, there is a significant backlog of 221,799 […]

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The Decline of Bitcoin-to-Gold Ratio: Is Gold Outshining Bitcoin?

Introduction Commodity market expert Mike McGlone from Bloomberg has recently expressed concerns about the declining performance of Bitcoin compared to gold. According to McGlone, the bitcoin/gold ratio has dropped by approximately 40% since its peak in 2021. Bitcoin's Underperformance against Gold Mike McGlone, a renowned commodity analyst, has pointed out that Bitcoin has failed to

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Latam Insights: El Salvador to Maintain Bitcoin as Legal Tender, Milei Drops Crypto Tax Opportunities, and Venezuela Hit by Gold Sanctions

El Salvador to Maintain Bitcoin as Legal Tender El Salvador's Vice President Felix Ulloa confirmed that bitcoin will continue to be recognized as legal tender in the country even if President Nayib Bukele gets reelected. This decision comes despite the International Monetary Fund (IMF) urging El Salvador to abandon the use of cryptocurrency as legal

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Bitcoin Pioneer Nayib Bukele Reelected in El Salvador by a Landslide

Bitcoin Advocate Nayib Bukele Gets Reelected With 85% of the Popular Vote President Nayib Bukele, a pioneer in introducing the law that made bitcoin legal tender in El Salvador, has been reelected as president of the country in the ballot completed on Sunday. The Latam leader, who will reportedly continue implementing bitcoin-related policies, won by

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Genesis Settles SEC Lawsuit for $21 Million Over Unregistered Securities

Genesis Strikes $21 Million Deal With SEC to Resolve Lawsuit Genesis Global Holdco, a subsidiary of Digital Currency Group, has reached a $21 million settlement to resolve a lawsuit brought against it by the Securities and Exchange Commission (SEC). The lawsuit alleged that Genesis engaged in the unregistered offer and sale of securities through its

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Tether’s Audit Report Reveals Over $2.8 Billion in Bitcoin Holdings

Tether, the leading stablecoin issuer, has announced today that it possesses a robust balance sheet with ownership of over $2.8 billion in Bitcoin. This valuable information has been revealed following an audit conducted by BDO, a renowned auditing firm. The official auditor's report provides a comprehensive analysis of Tether's financial standing, including detailed information on

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Robert Kiyosaki Reveals Why Bitcoin is Essential for Wealth Protection

Renowned author Robert Kiyosaki, famous for his book Rich Dad Poor Dad, has recently shed light on why he believes owning bitcoin is crucial. Kiyosaki argues that the cryptocurrency serves as a safeguard against the theft of wealth through the manipulation of traditional financial systems. In particular, he highlights the actions of the Federal Reserve,

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Inaccuracies in Court Lead SEC to Drop Fraud Case Against Crypto Firm Debt Box

The U.S. Securities and Exchange Commission (SEC) has decided to abandon its lawsuit against Debt Box, a crypto company previously accused of defrauding investors of millions. This decision comes after the SEC acknowledged presenting misleading information in court, which undermines the agency's case and credibility. SEC Requests Dismissal of Lawsuit The lawsuit, originally filed against

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