New numbers show two of the largest banks in the US are witnessing billions of dollars in deposit flight. Quarterly earnings data shows Citigroup’s deposits dropped from $1.3305 trillion in Q1 of 2023 to $1.3072 trillion in Q1 of this year – a reduction of $23.3 billion in a span of 12 months. Meanwhile, deposits […]
Embassy of China in Angola has warned Chinese citizens to stop mining cryptocurrencies
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With Bitcoin finally completing its fourth-year halving cycle, many users are aggressively competing for halving blocks, paying exorbitant amounts of fees to mine a single block. Bitcoin Mining Pool Pays Over $2.4 Million In Block Fees Earlier today, the 840,000th block was added to the Bitcoin blockchain, triggering the onslaught of the highly anticipated halving […]
Morgan Creek Capital founder Mark Yusko thinks that we have not yet seen the FOMO (fear of missing out) phase grip Bitcoin (BTC) market participants. Speaking at the Bitcoin Investor Day, the hedge fund veteran says that Bitcoin’s latest halving kicked up BTC’s fair value from $50,000 to about $80,000. According to Yusko, he sees […]
BlockDAG’s Moon Keynote Teaser Orchestrates Over 4.7K Home Mining Rigs Sale As Cardano & Litecoin See Price Movements BlockDAG is revolutionising the cryptocurrency landscape, demonstrated by the impressive sale of over 4,700 home mining rigs, ignited by the anticipation around its latest technical whitepaper and a unique teaser for an upcoming moon-based keynote. This innovative […]
TL;DR The Bitcoin halving has slashed the miners’ block rewards in half, reducing the daily issuance of BTC and likely resulting in a price rally. While it is speculative to predict which meme coin will perform best post-halving, Dogecoin and Shiba Inu have historically done well, with potential boosts from technological advances, celebrity endorsements, and […]
A Nigerian startup specializing in blockchain-based payments and remittances has entered into a partnership arrangement with the stablecoin issuer Tether. The arrangement is expected to extend the benefits of stable digital transactions to a larger number of consumers and businesses across the African continent. Ivorypay, Tether Partnership Aims to Boost User Confidence Ivorypay, a Nigerian […]
A Bank of America customer says he lost tens of thousands of dollars after bad actors found a way to hijack his account. California resident Jeff Drobman says the theft began when his phone abruptly came alive with multiple notifications from his Bank of America app, reports NBC Los Angeles. “I started to get notifications […]
As crypto community celebrates completion of BTC halving, Peter Schiff issues warning for Bitcoin holders
S&P Global also announced earlier this month that it will launch cryptocurrency asset indices in 2021 — further proof that Bitcoin is going more …
The DOGE price has largely struggled to make a return to $0.2 since losing this price level early in April. And the meme coin has mostly been on a descent over the past few weeks, going as low as $1.4 at some point. However, the tides appear to be shifting for the Dogecoin investors, with […]
A popular crypto trader says the top decentralized exchange (DEX) Uniswap (UNI) is flashing a short-term bullish signal. The analyst Ali Martinez tells his 59,400 followers on the social media platform X that the Tom DeMark (TD) Sequential indicator recently presented a buy signal for UNI on the daily chart, which he says suggests the […]
Riding in the coattails of a broader market resurgence, the NFT trading space witnessed in 2024 Q1, with volumes across the top 10 marketplaces soaring to $4.7 billion. According to CoinGecko’s latest report, Blur maintained its stronghold as the leading NFT marketplace during this period. During the first quarter of 2024, Blur recorded $1.5 billion […]
Following the Bitcoin halving event, onchain fees climbed to over $240 per transaction just an hour later, and as of now, a high-priority transfer costs between $52 and $78 per transaction at 10:30 a.m. Eastern Time on Saturday. The increasing fees have prompted a flood of comments from individuals in the crypto space, as this […]
Binance is unveiling a new “megadrop” token launch platform with Bitcoin (BTC) “restaking” chain BounceBit (BB) as its first project. In a new announcement, the world’s largest crypto exchange platform by volume says that the Binance Megadrop is a new platform that integrates both Binance Simple Earn and Binance’s Web3 Wallet and will grant investors […]
BlockDAG Set for the Moon with Keynote Video Drawing Investors with 30,000x ROI as AVAX Price Surges & DOGE Mining Simplifies BlockDAG is capturing the spotlight in the cryptocurrency market, poised to reach the moon with an upcoming keynote video that is drawing significant investor attention due to its projected 30,000x return on investment (ROI). […]
Tron founder wants exchanges to be regulatory compliant
… cryptocurrency markets. In July 2020, Kasparov created a Binance account for Zacherl to use for storing and trading cryptocurrencies related to …
Uniswap’s native token, UNI, has been struggling in terms of its price action over the past few weeks. Although the general state of the crypto market may be blamed for this gloomy price performance, other factors, such as the Wells Notice from the US Securities and Exchange Commission (SEC) to the Uniswap protocol, have also […]
A group of banking customers in Australia are feeling the repercussions of a shift toward a cashless society, according to a new report. 4,500 Residents living in the town of Kununurra are now facing a 500 mile journey to the closest bank, reports Yahoo Finance. The town, located in Western Australia, used to have brick-and-mortar […]
Hong Kong authorities have arrested over 70 individuals linked to the HK$1.6 billion JPEX cryptocurrency scandal that shook the city-state. According to the latest report by SCMP, approximately HK$230 million – worth around $29.37 million – in assets has been frozen, as disclosed by Police Commissioner Raymond Siu Chak-yee. Hong Kong Authorities Crack Down on […]
Since the halving, miners have successfully extracted 93 blocks, accumulating a significant 1,087.99 bitcoins valued at approximately $71.04 million solely from transaction fees. As of 2:00 p.m. EDT on Saturday, the current metrics indicate a high-priority transaction cost of 492 satoshis per virtual byte (sat/vB), equivalent to $44.83 per transfer. Bitcoin Mining Landscape Transforms With […]
Bitcoin (BTC) demand dropped before the halving, according to the crypto analytics firm CryptoQuant. The firm notes that investors took profits ahead of the halving event, which happened on Friday night and slashed Bitcoin’s block rewards from 6.25 BTC ($398,134) to 3.125 BTC ($199,067). “Traders in the perpetual futures market are locking in gains amid […]
Top Crypto Presale to Buy: BlockDAG Dominates With $18.7M Presale And Targets $30 By 2028, Outshines Dogecoin20 And 5th Scape In the bustling presale market, BlockDAG emerges as a standout with its impressive performance and a potential for a staggering 30,000x ROI, setting its sights on reaching $30 per coin by 2028. As it proceeds […]
Michael Saylor has made important remark on correlation between Bitcoin halving and BTC price
Hong Kong customs officers have arrested 3 individuals in connection with a HK$1.8 billion money-laundering scheme involving a cryptocurrency platform …
This article is featured in Bitcoin Magazine’s “The Halving Issue”. Click here to get your Annual Bitcoin Magazine Subscription. Setting aside certain days for celebration, commemoration or remembrance is a nearly universal practice among humans. While different cultures and religions have their own unique customs and traditions, the entire human race seems to share an […]
Injective Protocol, a blockchain platform dedicated to decentralized finance (DeFi) and derivatives trading, is currently at the center of attention. The platform’s proposed upgrade, Injective 3.0, aims to revolutionize its tokenomics by introducing deflationary measures for INJ. This upgrade seeks to address the issue of token inflation, a common challenge faced by many DeFi tokens, […]
A new bill co-sponsored by Senators Cynthia Lummis and Kirsten Gillibrand, aimed at regulating stablecoins, has drawn criticism for potentially stifling innovation and breaching First Amendment rights. The bill includes a provision that bans all “algorithmic payment stablecoins,” which could have significant implications for software developers and the broader tech community. Lummis-Gillibrand Stablecoin Bill Criticized […]
TL;DR Investors moved more than $1.7 billion to “accumulation” wallets during the recent Bitcoin price drop below $63,000. This record-breaking movement resulted in the transfer of a total of 27,700 BTC in a single day to these wallets. Analysts suggest that this behavior may be related to anticipation of the upcoming BTC halving scheduled for […]
Ernst & Young (EY) has launched OpsChain Contract Manager (OCM), an Ethereum solution that leverages zero-knowledge proofs technology. The solution will help private businesses efficiently manage and execute intricate business agreements while ensuring confidentiality, timeliness, and cost-effectiveness. EY Launches the OpsChain Contract Manager EY, one of the top “big four” accounting firms alongside Deloitte, KPMG, […]