China News Today TheBitTimes.com

Bitcoin (BTC) miner s have achieved a new revenue milestone from validating transactions, following the 2024 halving. As Bitcoin fees surge, these miner s are making high earnings, sparking discussions about the future dynamics of the network. Following the recent Bitcoin halving on April 20, 2024, miner revenue surged to an all-time high of $106.7 million , with 75.444% of it stemming from network transaction fees. This highlights a pivotal shift in miner compensation strategies post-halving. Percent Miner Revenue from Fees. Source. Glassnode Surge in revenue amidst reduced block rewards The recent halving, which took place on April 20, 2024, drastically reduced the block reward from 6.25 to 3.125 Bitcoin. This strategic adjustment is designed to slow the increase of the total Bitcoin supply, which is capped at 21 million coins. Picks for you SHIB key support and resistance levels to watch this week 3 mins ago Buy signal for two strong cryptocurrencies this ...

A Russia n crypto miner was reportedly kidnapped on Christmas day and was told he would be framed for drug Crime s if a 15 million ruble ($164,000) ransom wasn’t paid. The events were reported by Russia n news outlet Ren TV. The 23-year-old was kidnapped outside his home in Izhevsk and bundled into a car by three men, reports say. The kidnappers drove to an unknown location before calling the victim’s brother on Telegram, demanding over 15 million rubles in exchange for his freedom. The men reportedly threatened to frame the victim by planting drugs and handing him over to the police if the brother failed to comply. According to the outlet, one of the kidnappers is said to have known the hostage personally. The car used to carry out the kidnapping may have also been stolen, as it appears to be registered to a pensioner living in Perm.  Ontario ‘crypto king’ allegedly held ransom by investor who lost $740K Read more: ‘Crypto millionaire’ found dead in Ozarks was inv...