
Bitcoin transaction fees surge to 24-month high amid BRC-20 memecoin mania
The average Bitcoin transaction fee has surged to a massive $30.91 in light of degens aping into BRC-20 tokens.
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Blockchain analytical firm Glassnode reported that Bitcoin was "experiencing extremely high demand for blockspace."

The growing popularity of Inscriptions pushed Bitcoin transactions through the roof, revealing the need for a high-speed settlement layer like the Lightning Network.

The UK FCA said no crypto ATM operator was registered with it, making their operations illegal in the country.

The wMarket Update condenses the most important price movements in the crypto markets over the reporting period, published 07:45 ET on weekdays.

There is a growing list of U.S. politicians taking a stand against CBDCs, with many citing risks of financial censorship.

El Salvador's Innovation and Technology Manufacturing Incentives Act is another step towards achieving financial hub status.



