On April 19, the anticipated Bitcoin halving took place, leading to a decrease in the production rate of new Bitcoins. This event occurs approximately every four years and reduces mining rewards by half. The change became effective at around 8:10 p.m. New York time, with the block height reaching 840,000 according to data from sources … Read more
On April 20, 2021, there was significant interest among crypto traders and investors in Shiba Inu, a well-known meme cryptocurrency based on dogs. The coin’s weekly burn rate experienced a notable increase, coinciding with the broader crypto market’s recovery following the halving event. This surge in Shiba Inu’s weekly burn rate brought renewed optimism to … Read more
Today, the prices of leading cryptocurrencies bounced back. Bitcoin (BTC) broke through the $64,000 barrier, while Ethereum (ETH) came close to hitting $3,100. Furthermore, notable recoveries were seen in other major altcoins like Cardano (ADA), XRP, and Solana (SOL). Major Crypto Prices Today The price of Bitcoin rose by 2.81%, or $17,350.40, to reach $64,188.42 … Read more
This week, Ripple‘s Chief Technology Officer (CTO), David Schwartz, took to clarifying some misunderstandings and rumors surrounding him. Specifically, he was queried about his affluence and supposed billionaire standing, following reports linking him to expensive NBA basketball court seats. Currently, there’s speculation within the cryptocurrency sphere about Schwartz’s continued importance at Ripple and if his … Read more
The SEC, or United States Securities and Exchange Commission, has recently submitted fresh papers to the court for its ongoing case against Justin Sun, the creator of the TRON blockchain, and the suspected businesses under his management. In their more recent submission to the Securities and Exchange Commission (SEC), further details have been given to … Read more
When Bitcoin undergoes its fifth halving in April 2021, CryptoQuant’s founder Ki Young Ju has revealed intriguing profitability data for various investors. By examining X, Ju highlighted the substantial unrealized profits among different investor categories. Notably, old whales have emerged as the most profitable group. Bitcoin Rewards Old Whales, Miners Based on the information available, … Read more
Since the SEC’s approval, the Blackrock Bitcoin ETF has set new records and is poised to overtake Grayscale as the biggest Bitcoin investment fund in the world. Blackrock Bitcoin ETF Inches Close to Surpass Grayscale Based on Bloomberg’s report, the gap between Grayscale and BlackRock’s iShares Bitcoin Trust (IBIT) has narrowed down to roughly $2 … Read more
More recently, Binance CEO Richard Teng announced that the company is working closely with Nigerian officials after the arrest of their head of financial crime compliance, Tigran Gambaryan. Gambaryan and another Binance representative are under investigation for allegedly laundering approximately $35 million. Based on a Reuters article, the Nigerian court has postponed the hearing of … Read more
XRP is currently making an effort to surpass the $0.5 mark in its price, a significant hurdle that may influence its upcoming trend. This level holds both technical and psychological significance. The bounce back of XRP from its low at $0.41 indicates that there are investors eagerly anticipating to purchase it. However, the hesitancy in … Read more
Bitcooin mining stocks have picked up speed again just before the halving event, after experiencing setbacks for several weeks. On the other hand, tech stocks have seen limited progress in the market, with tensions in the Middle East causing unease and leading to a connection between stock and crypto asset prices. Today marks the Bitcoin … Read more