Tag: transfer

Fewer Transfers, Greater Debate: Bitcoin’s Low Transfer Volume Puts Network Incentives in Question

coiner

This weekend, proponents of bitcoin and digital asset enthusiasts have fixated on a striking development: the blockchain’s mempool—a holding zone for pending transactions—has nearly evaporated, while daily transfer volumes have plunged to notable lows. Though many proponents cheer this shift as a sign of operational efficiency, dissenters argue it signals troubling stagnation for the protocol’s […] Source link

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X (Twitter) Obtains License To Store, Transfer, And Trade Bitcoin And Crypto

coiner

Rhode Island has officially approved a license requested by Twitter Payments LLC, X’s payment branch, to be able to store, transfer, and exchange Bitcoin and other digital assets on behalf of its users. The currency transmitter license is required for companies who want to perform these activities related to Bitcoin and crypto on behalf of its users. This license also includes related service providers, such as wallets, payment processors, and exchanges. Elon Musk has previously stated that he wants to turn X into the “everything app,” sharing that the platform “will add comprehensive communications and the…

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Voyager’s token transfer to Coinbase sparks sell-off suspicions

coiner

Bankrupt cryptocurrency lender Voyager Digital transferred 1,500 Ether (ETH), worth around $2.77 million and an additional 250 billion Shiba Inu (SHIB), worth roughly $2.7 million, to crypto exchange Coinbase on Aug.11, according to Etherscan. The motive behind the transactions has triggered speculation within the broader crypto community. One theory suggests a probable sell-off, given that the transfers have diminished the distressed crypto lender’s wallet holdings to $81.63 million of digital assets. The transactions occurred at one-hour intervals, according to Etherscan. The abrupt movement of the tokens has triggered discussions regarding…

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