Bitcoin mining revenue is at $33 million per day, according to Glassnode CTO Rafael Schultze-Kraft—a figure that hasn't been seen since 2017.
Bitcoin mining revenue tracks the total revenue generated by Bitcoin minersminers. At $33 million per day, the rate has increased to a point that has only been beaten for a total of five days during Bitcoin’s famous 2017 bull run in December 2017. The increase also represents a major spike in revenue since Christmas.
“Bitcoin miners are happy,” tweeted Glassnode CTO Rafael Schultze-Kraft.
On December 16, 2020, the total Bitcoin mining revenue was at $17 million, which means the total revenue has increased by over 90% since Christmas and the start of the new year.
This spike however, is not unprecedented. On December 18, 2017, the total Bitcoin mining revenue hit just under $50 million. This spike was achieved just one month after revenue figures were only around $17 million.
Over 35,000 people have signed an online petition asking the US federal government to deem the cryptocurrency XRP a currency.
On December 22, 2020, the Securities and Exchange Commission (SEC) announced an action against Ripple Labs Inc. and two of the company’s executives, alleging they raised over $1.3 billion through an unregistered digital asset securities offering. This has caused mass delistings of the token and caused its price to crash. Now, thousands of frustrated XRP fans are throwing...
Coinciding with the infamous price crash that followed the 2017 Christmas bull run, total Bitcoin mining revenue fell to $16 million by mid-February 2018. Might that happen again?
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WalletConnect Token (WCT) is launching on Solana, with 5 million WCT set to be airdropped to the blockchain's active users.
The launch of WCT as a multichain token aims to open WalletConnect to new users and liquidity, and applications throughout the Solana ecosystem.
$WCT is coming to Solana!
Powered by @wormhole NTT.
To kick off this next chapter, WalletConnect is partnering with @phantom, @jup_dao, @Backpack and @solflare 👀
This is just the beginning. More details coming soon. pic.twitter.c...
The majority of TRUMP meme coin holders that earned VIP status for President Trump’s exclusive gala dinner held none of the tokens in those wallets by the time they arrived for dinner at Trump National Golf Course on Thursday night.
On-chain data gathered from Solana block explorer Solscan shows that just eight of the top 25 VIPs maintain a balance of the president’s official Solana meme coin the day after the dinner, with the bulk of registered addresses having transferred tokens to centralize...
More than a hundred protestors gathered Thursday outside Trump National Golf Club in Sterling, Virginia, as President Donald Trump hosted a controversial private dinner for top holders of his meme cryptocurrency, $TRUMP.
Demonstrators waved placards reading "Stop Crypto Corruption" and chanted "Shame!" as the president arrived.
One group hoisted a giant golden coin bearing Trump’s scowling face, drawing attention to what they labeled a "Grift Gala".
The protest was coordinated by advocacy groups...