‘Boring’ Bitcoin Market Sends Miners’ Fee Earnings to 3-Month Low
Bitcoin's transaction activity has cooled amid the recent lull in price action – and that's hurting miners' earnings.
Related News
Since July 2022, the Bitcoin ecosystem recovered across numerous determinants, including miners’ revenue in dollars, network difficulty and hash rate. The Bitcoin (BTC) mining industry endured immense financial stress throughout the year 2022 as a prolonged bear market directly impacted their earnings when translated to the U.S. dollar. However, miners resilient to the year’s lowest mining revenue day, June 13, witnessed a 68.63% increase in mining revenue within a month.Over the year, revenue from Bitcoin mining dropped due to a multitude of factors centered around investor sentiment —....
Tron pulled ahead of rivals in blockchain earnings last year, generating $3.6 billion, a figure that highlights how stablecoin activity can outweigh sheer market value when it comes to network income. According to Token Terminal, that tally places Tron well above larger rivals on pure revenue terms. Related Reading: Bored Ape NFTs Win Big: Court […]
Supreme Court precedent shows that New York’s moratorium on proof-of-work mining violates Bitcoin miners’ First Amendment rights.
OKEx withdrawal suspension sends bitcoin lower, China becomes hotbed of DeFi development, Filecoin first-day trading leaves market cap above $800M.
For the first time since its direct listing on the NASDAQ this April, crypto exchange Coinbase published its first quarter earnings. In its earnings call, Coinbase announced that it had seen tremendous results since its public debut. “The wind is in our sails right now, and it feels good,” the investor letter read. The exchange […]