Bitcoin Miners Report Highest Revenue Since May 2022 – March 31

📈 30 Second Cryptocurrency Price Summary

Current Bitcoin Price$28,251

Bitcoin price is ranging in the $28,000s near local highs, as the market sees an uptick in participation.

Top-20 altcoins are mostly in the green, as Ether gains 2%, BNB rises 1% and Cardano leads with an 8% advance.

Top Stories for March 31, 2022 🔥

👉 Bitcoin Miners Report Highest Revenue Since May 2022

Bitcoin miners have generated more revenue in March than in any month since May 2022, bringing in at least $718 million so far.

The increase has been attributed to an increase in hashrate and a reversal of declining trends in revenue and Bitcoin prices earlier this year. Transaction volume on the Bitcoin blockchain has also increased during the month of March.

👉 FTX EU Launches Withdrawal Website To Repay Users

FTX EU, the European arm of FTX, has launched a new website enabling customers in Europe to submit withdrawal requests for fiat balances.

The new domain was reportedly approved by the Cyprus Securities and Exchange Commission, and FTX EU has stated that it will not offer any products or services other than allowing impacted customers to claim their balances.

FTX EU only became available in March 2022, so it is not expected that many users were impacted by the global collapse of FTX in November 2022.

👉 Mass Adoption Of Crypto Will Be Driven By CBDCs: Citi

A report from Citi analysts speculates that blockchain technology is approaching an inflection point, and will soon see billions of users and trillions of dollars in value.

The report suggests that the rise of central bank digital currencies (CBDCs) and the tokenization of real-world assets will power the next influx of crypto adoption.

Citi’s future of finance lead, Ronit Ghose, has suggested that there will be $5 trillion circulating in the economy in CBDCs “by the end of this decade.”