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Mt. Gox's Looming $9B Payout Could Weigh on Bitcoin Prices, K33 Research Warns
23.4.2024
The defunct crypto exchange will distribute 142,000 BTC and 143,000 BCH to creditors later this year, 10 years after its implosion due to a hack
Bitcoin’s ‘DeFi Summer’ surge mimics Ethereum’s 2020 boom
23.4.2024
In a seismic development within the cryptocurrency sphere, Bitcoin is currently basking in what analysts describe as a “DeFi summer” moment, akin to the surge witnessed by Ethereum in 2020. Analysts at Bernstein have highlighted this phenomenon, attributing it to the launch of a...
Blackrock Bitcoin ETF Sees 70 Straight Days of Inflows — Holdings Near 274K BTC
23.4.2024
The world’s largest asset manager with $10.5 trillion in assets under management, Blackrock, has seen 70 consecutive days of inflows into its spot bitcoin exchange-traded fund (ETF). This achievement places Ishares Bitcoin Trust (IBIT), which has amassed approximately 274K bitcoins since...
Magic Eden introduces a fresh platform for Bitcoin
23.4.2024
Magic Eden introduced a fresh platform, Runes Platform, in beta, which allows users to swap for BTC and purchase Runes and Ordinals via their Magic Eden wallets. Additionally, It will come with a Swaps View, enabling users to keep a required BTC amount for spending while purchasing Runes. Magic...
Ground-breaking Project in Finland Uses Bitcoin Mining to Heat Homes
23.4.2024
A new ground-breaking project in Finland is turning energy from Bitcoin mining into energy to heat homes.
The post Ground-breaking Project in Finland Uses Bitcoin Mining to Heat Homes appeared first on Cryptonews
Ether ETFs Are Unlikely to Be Approved in May: Standard Chartered
23.4.2024
The bank reiterated its year-end bitcoin and ether targets of $150,000 and $8,000, respectively
Paypal Promotes Low-Carbon Bitcoin Mining With New Research Paper
23.4.2024
Paypal, in collaboration with Energy Web and DMG Blockchain Solutions Inc., has introduced an approach to promote environmentally sustainable practices in bitcoin mining. This research-backed initiative encourages miners to utilize low-carbon energy sources by offering financial incentives. Paypal...
Michael Sullivan predicts Bitcoin to reach $245,000 in 5 years
23.4.2024
In a recent post on X, leading financial expert Michael R Sullivan predicted that Bitcoin’s price would soar to a whopping $245,000 in the next five years. Ten years from now, it will be worth $909,000; by 2039, the value of every coin in circulation will reach an incredible $3.37 million....
Bitcoin outperforms Tesla stock for the first time since 2019
23.4.2024
Bitcoin price is outperforming Tesla stock for the first time since 2019, though the EV giant still maintains a sizeable BTC stash
All eyes on PEPE following Bitcoin halving
23.4.2024
Bitcoin Halving was potentially a success, as it has set BTC on the path to surpass the milestone of $100k by the end of this year, that is, 2024. Although an actual impact has yet to be registered by the crypto market, all eyes are turning to everyone’s favorite cryptos. PEPE is on the list …
Exclusive ‘Epic Satoshi’ Auction Launches, Bids Already Double to 2 BTC
23.4.2024
Coinex has launched the auction for the ‘epic satoshi’ from the fourth halving, originally mined by the mining pool Viabtc. This event, marking Sat # 1,968,750,000,000,000, commenced with a starting bid of 1 bitcoin. Following ten subsequent bids, the highest offer has reached...
Ali Charts shares his opinion on Bitcoin Halving
23.4.2024
Bitcoin is rallying above the mark of $66,000 as the article is being drafted. There is speculation that it could go as high as $100k by the end of this year. Alternate speculation suggests that the token could even surpass the mark of $150,000 before entering the next year. Some of it is linked...
Post-Halving Fallout: Bitcoin Hashprice Slides 30%, Miners’ Earnings Hit
23.4.2024
Following a peak in onchain fees, bitcoin miners experienced a significant decline in the hashprice, which fell from a daily rate of $114 per petahash on Sunday to a markedly lower $79 per petahash by Tuesday. To date, the network’s hashrate has experienced a modest decline, though nothing...
First Mover Americas: Venezuela Looks to Tether for Oil Sales as Sanctions Return
23.4.2024
The latest price moves in bitcoin (BTC) and crypto markets in context for April 23, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets
Developing Countries Need Decentralized Physical Infrastructure Networks – Karam Lakshman
23.4.2024
Karam Lakshman, CEO of Wifi Dabba, asserts that a country like India, which is the world’s fifth-largest economy, needs enhanced connectivity and innovation. He suggests that Decentralized Physical Infrastructure Networks could be the solution for the country, which currently trails other...
Bitcoin breaks $66k resistance, making short-term losses appealing
23.4.2024
Bitcoin began its fresh increase around the 64,500 and 65,000 dollar resistance levels. The world’s largest cryptocurrency even pushed past the 66,000-dollar resistance mark. BTC managed to hit its weekly high of 67,200 dollars and is trying to consolidate its gains. Its price is gradually...
Bitcoin's 200-Day Average Is Approaching a Record High; Here's Why It Matters
23.4.2024
The 200-day simple moving average is one of the most widely tracked indicators of the long-term trend
Bitcoin Price Prediction as BTC’s Market Cap Reaches $1.3 Trillion – Can it Overtake Gold?
23.4.2024
As Bitcoin navigates complex fiscal and technical landscapes, its price hovers at a crucial pivot, signaling potential shifts in investor strategy and market dynamics.
The post Bitcoin Price Prediction as BTC’s Market Cap Reaches $1.3 Trillion – Can it Overtake Gold? appeared first...
Malaysian State Records Largest Number of Power Theft Cases Linked to Crypto Mining
23.4.2024
Sarawak state of Malaysia's Miri region has accounted for more than half of power theft cases linked to crypto mining since 2018.
The post Malaysian State Records Largest Number of Power Theft Cases Linked to Crypto Mining appeared first on Cryptonews
PancakeSwap & Ethereum Classic enthusiasts drawn to Fezoo exchange presale during Bitcoin halving
23.4.2024
Many crypto fans expect Bitcoin’s halving to herald a price increase. However, the event will not necessarily lead to erratic price movements. With multiple altcoins and stable coins seeing staggering dips, PancakeSwap and Ethereum Classic investors are seeking a new haven. The Fezoo Platform...