Bitcoin leads by number of transactions
CoinsPaid has released its Q1 2023 report, which states that the number of Bitcoin (BTC) transactions on the platform is 62.5% compared to the rest of crypto assets. Therefore, Bitcoin is in the lead, followed by USDT and ETH.
Bitcoin: transactions on CoinsPaid lead BTC by 62.5%.
Coins Paida platform dedicated to crypto payment solutions for the B2B sector, has launched its report for the 1st quarter of 2023.
Regarding number of transactions on the platformCoinsPaid has compiled a crypto ranking that sees Bitcoin (BTC) in first place.
Basically, while it appears that the crypto queen has lost 6% in popularity compared to Q4 2022, the number of BTC transactions accounts for 62.5% of total crypto transactions.
Then CoinsPaid sees transactions Tether (USDT) in second place with 10.4% of the total. Bronze medal for Ethereum (ETH)which in the platform’s Q1 2023 was total only 10.2% of total transactions.
Overall, the total number of transactions on CoinsPaid in Q1 2023 increased 3.5 times to 212637. This may be due to the recovery of the cryptocurrency market, which is starting to attract more users.
In total during this period, the crypto B2B platform accounted for 6.4 million transactions worth €3.7 billion.
Bitcoin: record mining did not affect BTC price
Recently, the queen of crypto Bitcoin recorded one new all-time record for miningbut it does not seem to have had a positive impact on the price of BTC.
Basically, according to the seven-day moving daily average of Bitcoin’s hashrate, 360 EH/s was touched for the first time. Looking at individual hourly data, the maximum peak exceeded 440 EH/s for the first time ever.
However, the current records are in Bitcoin mining didn’t get the price to stay above $30,000. And indeed, as of April 19, 2023, the price is on BTC started to fall and stood at $27,500 at the time of writing.
Nevertheless, the previous record was set with the crossing of 260 EH/si in October 2022, also above 270 at the beginning of November. With the collapse of the FTX crypto exchange and the disastrous consequences for the crypto market in general, BTC’s hash rate also fell below 230 EH/s, only to resume in 2023, along with the crypto bull run.
Also ranked first for misleading and deceptive crypto videos on TikTok
From what emerged from DappGamble’s study of the social video network, TikTok, and crypto, Bitcoin seems to be in first place for misinformation on the social network.
In fact, when analyzing 53 different cryptoassets that are most talked about in videos on TikTok with the hashtag CryptoK (which has 1.6 billion views), Bitcoin was cited in misleading and deceptive videos by 35%.
Next, the study reveals that next is Ripple with 13% mentions and Ethereum by 11.60%. Not only that, Cardano, Shiba Inu, Solana, Dogecoin are also in the top 20 positions in this ranking. With DappGamble’s data, it is easy to see that there is no control by TikTok over the reliability and veracity of the content of the videos it publishes. In fact, it is in this context many crypto scammers who can find their exposure in TikTok.
