HomeCryptoBitcoinBitcoin leading by number of transactions, followed by USDT and ETH

Bitcoin leading by number of transactions, followed by USDT and ETH

CoinsPaid has released its Q1 2023 report, stating that the number of Bitcoin (BTC) transactions on the platform are 62.5% compared to the rest of crypto assets. Therefore, Bitcoin is in the lead, followed by USDT and ETH. 

Bitcoin: transactions on CoinsPaid see BTC leading with 62.5%.

CoinsPaid, a platform dedicated to crypto payment solutions for the B2B sector, has released its report for Q1 2023

Regarding the number of transactions on the platform, CoinsPaid has compiled a crypto ranking that sees Bitcoin (BTC) in first place

Basically, while it would appear 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

Next, CoinsPaid sees transactions in Tether (USDT) in second place with 10.4% of the total. Bronze medal for Ethereum (ETH), which in the platform’s Q1 2023 totaled only 10.2% of total transactions. 

Overall, the total number of transactions on CoinsPaid in Q1 2023 increased 3.5 times to 212637. This could be due to the recovery of the cryptocurrency market, which is beginning to attract more users.

Overall, in this period, the crypto B2B platform totaled 6.4 million transactions worth €3.7 billion. 

Bitcoin: record mining did not affect BTC price

Recently, the queen of crypto Bitcoin recorded a new all-time record for mining, but it does not seem to have had a positive impact on the price of BTC. 

Basically, according to the seven-day moving daily averages 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 in Bitcoin mining did not make its price hold above $30,000. And indeed, starting on 19 April 2023, the price of BTC began to fall, standing at $27,500 at the time of writing. 

Yet the previous record had been set with the crossing of 260 EH/s in October 2022, also exceeding 270 in early November. With the collapse of the FTX crypto-exchange and the disastrous consequences for the crypto market in general, BTC’s hashrate subsequently fell below 230 EH/s as well, only to resume in 2023, along with the crypto bull run. 

Ranked first also for misleading and deceptive crypto videos on TikTok

From what emerged from DappGambl’s study of the social video network, TikTok, and crypto, Bitcoin appears to be in first place for misinformation on the social network

Indeed, when analyzing 53 different crypto assets most featured 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 with 11.60%. Not only that, Cardano, Shiba Inu, Solana, Dogecoin are also in the top 20 positions of this ranking. With DappGambl’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. Indeed, in this context, there are many crypto scammers who might find in TikTok their exposure.

Stefania Stimolo
Stefania Stimolo
Graduated in Marketing and Communication, Stefania is an explorer of innovative opportunities. She started out as a Sales Assistant for e-commerce, and in 2016 she began to develop a passion for the digital world, initially in the Network Marketing sector, where she discovered and became passionate about the ideals behind Bitcoin and Blockchain technology, which lead her to work as a copywriter and translator for ICO projects and blogs, and organize introductory courses.