đź’°Bitcoin Miner Revenue Reached $106.7 Million On The Halving Day
Bitcoin miner revenue experienced a significant boost following the recent halving event, driven by a surge in transaction fees. According to data from Glassnode, on April 20, Bitcoin miner revenue hit a record high of $106.7 million, with 75.444% of it stemming from network transaction fees. The spike in transaction fees was attributed to increased activity on the Runes protocol, particularly in capturing newly minted runes.
đź’°Bitcoin Miner Revenue Reached $106.7 Million On The Halving Day
Bitcoin miner revenue experienced a significant boost following the recent halving event, driven by a surge in transaction fees. According to data from Glassnode, on April 20, Bitcoin miner revenue hit a record high of $106.7 million, with 75.444% of it stemming from network transaction fees. The spike in transaction fees was attributed to increased activity on the Runes protocol, particularly in capturing newly minted runes.
Most people buy Bitcoin via exchanges, such as Coinbase. Exchanges allow you to buy, sell and hold cryptocurrency, and setting up an account is similar to opening a brokerage account—you’ll need to verify your identity and provide some kind of funding source, such as a bank account or debit card. Major exchanges include Coinbase, Kraken, and Gemini. You can also buy Bitcoin at a broker like Robinhood. Regardless of where you buy your Bitcoin, you’ll need a digital wallet in which to store it. This might be what’s called a hot wallet or a cold wallet. A hot wallet (also called an online wallet) is stored by an exchange or a provider in the cloud. Providers of online wallets include Exodus, Electrum and Mycelium. A cold wallet (or mobile wallet) is an offline device used to store Bitcoin and is not connected to the Internet. Some mobile wallet options include Trezor and Ledger.
The messaging service and social-media platform owes creditors roughly $700 million by the end of April, according to people briefed on the company’s plans and loan documents viewed by The Wall Street Journal. At the same time, Telegram Group Inc. must cover rising equipment and bandwidth expenses because of its rapid growth, despite going years without attempting to generate revenue.
