• Market Cap: $2,674,906,040,843.70
  • 24h Vol: $125,701,081,404.93
  • BTC Dominance: 51.10%
Hodler's Digest, April 30-May 6: Miner Profits Exceed $50B as Memecoin Boosts BTC Fees to the Moon and More

Hodler’s Digest, April 30-May 6: Miner Profits Exceed $50B as Memecoin Boosts BTC Fees to the Moon and More

– Memecoin hype has led to a surge in Bitcoin transaction fees, reaching their highest point in two years, as the BRC-20 token standard becomes the latest trend in the crypto ecosystem.

– New figures suggest that Bitcoin miners have earned $50 billion from BTC block rewards and fees since 2010, with miners’ total all-time income almost 40% higher than their estimated costs.

– Artificial intelligence pioneer Dr. Geoffrey Hinton has resigned from Google and warned of the dangers of AI, including the potential threat it poses to humanity and the continuing AI arms race to develop lethal autonomous weapons systems.

Key winners and losers:

– Bitcoin is at $29,618, Ether at $1,991, and XRP at $0.46.

– The top three altcoin gainers of the week are Pepe, FLOKI, and Rocket Pool, while the top three altcoin losers are Sui, Immutable, and Cronos.

– Popular pseudonymous trader Alan is optimistic about Bitcoin’s upside continuation, which could mimic its breakout from late 2020.

FUD of the week:

– Argentina’s central bank has banned payment providers from offering crypto transactions, citing intentions to reduce the country’s payment-system exposure to digital assets.

– Nine digital currency exchanges allegedly aiding and abetting cybercriminals had their domains seized by the FBI and Ukrainian law enforcement.

– Cybercriminals are reportedly selling hacked, verified crypto accounts on the darknet for as low as $30 apiece.

Best Cointelegraph features:

– Experts discuss how AI can be controlled by decentralized networks and how tokens can incentivize humans to prepare data sets.

– Ethereum co-founder Joe Lubin talks about the truth behind ETH founders’ split and the future of MetaMask and Infura.

– A guide to the exhilarating and terrifying world of runaway AI development.

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