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Understanding Bitcoin Network Congestion: High Fees, and What to Do | by Blockchain.com | @blockchain

The Bitcoin network is currently experiencing significant congestion, leading to high transaction fees and delays in confirmation times. Why is the Bitcoin Network Congested? The growing popularity of Bitcoin has resulted in an increased number of transactions, straining the network’s capacity. Additionally, the limited block size of 1MB means that only a fixed number of […]

Understanding Bitcoin Network Congestion: High Fees, and What to Do | by Blockchain.com | @blockchain Read More »

Genesis Completes Redemption of GBTC Shares, Buys 32K Bitcoins with Proceeds

On Feb. 15, Genesis received permission from a New York bankruptcy court to sell the nearly 36 million shares in GBTC, as well as additional shares in two Grayscale Ethereum trusts. At the time of the application, lawyers for the estate valued the Grayscale shares at a collective $1.6 billion – nearly $1.4 billion in

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