Some of the major developments in the world of cryptocurrencies
Bitcoin fees have exceeded Ethereum fees for the third day in a row as miners and traders prepare, albeit to a lesser extent, for the upcoming Bitcoin halving and the introduction of runes into Bitcoin. . On April 17, Bitcoin miners collected $7.47 million in fees, nearly $160,000 more than the $7.31 million paid for Ethereum stock, according to Crypto Fees.
However, Ethereum maintains a significant lead in seven-day average fees at $8.55 million, compared to Bitcoin's $7.57 million. Bitcoin transaction fees are determined by the size or amount of data of the transaction and the block space demand at the time of the transaction request. Bitcoin (BTC) fee increases are important for Bitcoin miners as the Bitcoin halving event on April 20th will reduce mining rewards from 6.25 BTC ($398,000) to 3.125 BTC ($199,000). It is done at the appropriate time.
Miners will therefore become more reliant on higher fees and continued increases in Bitcoin prices to compensate for the decrease in revenue they will experience, at least in the short term, due to the halving. Meanwhile, the introduction of NFT-like Ordinals engravings in January 2023 will help Bitcoin miners earn more revenue from transaction fees, and Runes, the new Bitcoin token standard, will Once released, new revenue streams will be available.
Also Read: Crypto Market Slightly Up, Trading Volume Surges 5.12%;Bitcoin, Ethereum rise
DAO secures rights to iconic Doge meme image
Own the Doge, the decentralized autonomous organization (DAO) associated with the Shiba Inu meme behind the $0.15 Dogecoin (DOGE) token, announced that it has secured legal rights to the iconic image. They said more clarity on the copyright of Doge images, which had seemed to be done freely for years, would create opportunities to partner with big brands.
The project said it contacted Sato about three years ago and, working with Japanese and American legal experts, was able to reach a deal to purchase the rights to Kabosu's images. In cooperation with Mr. Sato and others, the project has already released materials. A documentary about the history of Doge and the evolution of its image inside and outside the crypto space. The foundation for Doge's image dates back to 2010, when Sato took a casual photo of Kabosu sitting on a yellow sofa at his home in Japan. According to Cointelegraph.
Monarch suggested that he was the first person to use the term “Doge” on social media, which eventually led to additional memes, Dogecoin tokens, and various crypto-themed products. Tridog said the purchase of the license rights is unlikely to affect the Dogecoin Foundation, which continues to use the image, or his token Meme. Kabosu will celebrate his 19th birthday on November 2nd at a celebration in Japan. She is old for a dog, but she has some catching up to do. The world's oldest Shiba Inu lived to be over 26 years old.
Akira ransomware raised $42 million from over 250 companies, FBI reports
Akira, a year-old ransomware group, has compromised more than 250 organizations and extracted nearly $42 million in ransomware payments, the world's top cybersecurity agency has warned. A US Federal Bureau of Investigation (FBI) investigation revealed that Akira ransomware has been targeting businesses and critical infrastructure in North America, Europe, and Australia since March 2023. . This ransomware initially targeted Windows systems, but the FBI recently also targeted Akira's Linux version.
The FBI is collaborating with the Cybersecurity and Infrastructure Security Agency (CISA), Europol's European Cybercrime Center (EC3), and the Netherlands National Cyber Security Center (NCSC-NL) to make joint cybersecurity recommendations to “spread” threats. announced. public. Ransomware groups demand payment from victim organizations in Bitcoin (BTC) to regain access. Such malware often disables security software after gaining access to avoid detection.
The FBI, CISA, EC3, and NCSC-NL recommend that security systems be continuously tested at scale in production environments to ensure optimal performance against the MITER ATT&CK tactics identified in this advisory. The agencies have concluded that there is. The report notes that some of the data extracted by the malware included information in the directories of the Binance and Coinbase exchange applications and the Trust Wallet application.
