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According to Luxor, a bitcoin mining company, the hashprice has skyrocketed. In the last 24 hours, the hashprice, Luxor's measurement of profitability for bitcoin miners, rose from $90 to $125. CoinDesk Senior Research Analyst George Kaloudis analyzes how high transaction rate fees contribute to this growth in “The Chart of The Day.”

8 may 2023

XBTO Group head of trading Paul Eisma joins "All About Bitcoin" to explain what's causing the recent drop in bitcoin's (BTC) price as the largest cryptocurrency by market capitalization touched its lowest level in two weeks, according to CoinDesk data. Plus, Eisma discusses how looming U.S. inflation data this week could impact the broader crypto markets.

8 may 2023

Bitcoin (BTC) has dropped below $27,500 as investors apparently react to crypto exchange Binance halting bitcoin withdrawals twice on Sunday. The world's largest crypto exchange has since resumed bitcoin withdrawals. CryptoQuant Head of Research Julio Moreno discusses his key takeaways on Binance and current activity on the Bitcoin network.

8 may 2023

Binance resumed bitcoin withdrawals after a second pause, as the Bitcoin network suffers from congestion. This comes as fee rates on the bitcoin blockchain surged to a 2-year high after Taproot enabled inscriptions and BRC-20 to take up coveted block space. Sam Reynolds, CoinDesk Senior Markets Reporter for Asia, breaks down this developing story.

8 may 2023

Independent freelance software developer Super Testnet tweeted on Friday, "I did not break ordinals, just crashed the ordinal explorer used by unisat and ordinalswallet (that explorer is now fixed) and uncovered a bug in another that lets you misnumber inscriptions." Separately, Montana's governor has signed a bill into law that effectively preserves the rights of crypto miners in the state.

5 may 2023

Troy Cross, professor of Philosophy and Humanities at Reed College and Fellow at Bitcoin Policy Institute, joins "All About Bitcoin" to discuss the energy usage of bitcoin mining and the White House's proposal to push for a punitive tax on crypto mining tax.

5 may 2023

On Wednesday, the average fee per Bitcoin transaction rose to $7.25, the highest since July 2021. For comparison, the rate so far this year has fluctuated between roughly 50 cents and $4, data from BitInfoCharts shows. CoinDesk Senior Research Analyst George Kaloudis presents “The Chart of The Day.”

5 may 2023

Coinbase Borrow’s customers received an email on Wednesday informing them that May 10 will be the last day to take out new loans with the exchange's borrowing program. Plus, in separate announcements, Fedi announced it raised $17 million in Series A funding, while OpenSats tweeted it received $10 million in additional funding.

4 may 2023

According to TradingView data, bitcoin's (BTC) dominance rate, measuring the cryptocurrency's share in the broader market, has risen sharply since the onset of the ongoing U.S. banking sector instability almost two months ago. CoinDesk Senior Research Analyst George Kaloudis presents "The Chart of The Day."

4 may 2023

Bitcoin (BTC) remains in a tight range on Thursday amid low trading volume and undisturbed by the Fed’s widely expected 25 basis point interest rate hike the previous day and the latest mildly encouraging data that suggests the hot jobs market might be weakening. Digital asset strategist Joe Orsini weighs in on bitcoin's dominance rate and how the largest cryptocurrency by market capitalization is reacting to recent U.S. banking sector jitters.

4 may 2023