Crypto Buzz → 90% of BTC has been mined → Best crypto for transactions → A $200,000 mistake → (And More…)
Each week, I’ll be highlighting some of the most important headlines in cryptocurrency to make sure you’re on top of the news, and ahead of the game.
#1 90% of Bitcoin has been mined
According to data from Blockchain.com, 18.89 million of a possible 21 million Bitcoin have already been mined.
Right now, miners are paid 6.25 Bitcoin per block. This amount will be reduced by half in 2024.
Halving occurs about every 4 years – meaning it will take around 100 years to mine the remaining 10% of Bitcoin.
#2 Best digital currency for transactions
Elon Musk tells Time Magazine that, “Fundamentally, Bitcoin is not a good substitute for transactional currency.”
He adds that dogecoin may have been started as a “silly joke,” but it’s the better suited choice for transactions.
#3 Coming soon: Robinhood Crypto Wallets
The waitlist for Robinhood’s crypto wallets is over 1.6 million strong, according to Robinhood Crypto COO Christine Brown.
In preparation for the debut of crypto wallets, blockchain analytics company, Chainalysis, will join Robinhood, providing data and compliance tools for the platform.
#4 A $200,000 Mistake
When the seller of Bored Ape #3,547 listed their NFT for sale at 0.75 ETH ($3,000) instead of 75 ETH ($300,000) it was immediately purchased by an automated buyer and relisted for $250,000.
The Bored Ape Yacht Club is part of a limited edition of NFTs that sell for around $200,000 each.
Editor Daily Crypto Hunter