Short cryptonews for this week 19/52 (2023)

Short cryptonews for this week 19/52 (2023)

By Pasucaru | Crypto on fire | 13 May 2023


- The Bitcoin network has seen its block generation time extended to block 788,759. There was 1 hour between the generation of 2 blocks, which is higher than usual (~10min). In the past already, on June 11, 2021, the generation time at block 687,143 had been 119 minutes and 122 minutes in April 2021.

- BRC20 tokens created on Bitcoin have surpassed a combined market value of $900 million. $Ordi leads with a value of $540 million. 

- Tether reported net profit of $1.5 billion for the first quarter.

- Arkham analysts reported that the US government currently holds over $6 billion in Bitcoin.

- Total Ethereum volume on centralized exchanges fell to its lowest level in six months, at 26.5 million ETH (~$49.4 billion) and ETH locked reach an ATH with 19.4 million ETH.

- Saga, the mobile from Solana Labs is now available to the public.

- Binance suspends operations in Canada due to "new stablecoin guidelines and investor limits".

- The Kingdom of Bhutan raises $500 million to fund hydropower-powered Bitcoin mining operations.

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Pasucaru
Pasucaru

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Crypto on fire
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