News
Bitcoin can’t accelerate but it won’t give up trying
Cryptocurrency News
According to SyzCapital, bitcoin ETFs registered in Hong Kong may soon become available to investors in mainland China, leading to an increase in demand for the product. Chinese citizens channel the majority of their savings into real estate and there is an urgent need for more investment opportunities.
The Bitcoin blockchain has processed one billion transactions in the last 15 years of operation. In the 5603 days of the blockchain’s existence, there have been an average of 178,475 transactions per day. The total does not include transactions on second-layer networks such as the Lightning Network.
According to blockchain.com, bitcoin miners’ post-halving revenue has plummeted to the lowest since October 2023. Previously, 10x Research admitted that miners may start selling $5 billion in Bitcoin reserves to support their operations .
The US SEC has warned the broker Robinhood of the possibility of filing a lawsuit. This is a notice from Wells, in which the agency says it has found violations of securities laws and the case may go to court.
According to Bloomberg, over 90% of transactions involving stablecoins are carried out by bots and large traders, suggesting little use of cryptocurrencies as a means of payment. “In the US, people still use checks for 40-60% of business payments, which speaks to where the market really is in terms of technology adoption,” Airwallex noted.