According to the latest data, the countdown to the Bitcoin network’s halving event shows fewer than 10,000 blocks from becoming a reality. Further analysis suggests that the halving is anticipated to take place between April 19 and April 21, 2024, reducing the block rewards from the existing rate of 6.25 bitcoins per block to 3.125 […] Original
When Wright protested, presiding Judge James Mellor intervened, saying arguments about the current state of the Bitcoin system were not going to help him make a judgment on the case – which is focused on whether or not Wright is Satoshi Nakamoto, the pseudonymous author of Bitcoin’s manifesto, called the white paper. Original
Bitcoin surged to $50,000, marking its highest point in over two years. Since the beginning of last year, Bitcoin’s value has seen a threefold increase, rebounding from a significant 64% drop in 2022. The last instance Bitcoin reached the $50,000 milestone was in December 2021, though it still has not surpassed its peak of nearly $69,000 from November 2021. This surge comes from a positive Bitcoin ETF market, as the new funds have attracted over $8 billion in inflows within just a month of trading. Despite Grayscale’s Bitcoin Trust experiencing…
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South Korea’s local media, Newsis, recently reported the case of certain crypto traders who had sent about $3 billion overseas in a bid to profit from the ‘Kimichi Premium.’ Interestingly, the court found 14 out of 16 of these traders not guilty despite their alleged actions. How This Group Of Crypto Traders Operated These crypto traders are said to have sent these sums of money through local banks under the guise of these transactions being foreign exchange remittances. However, this was allegedly not the case, as they would then use…
DCI was initially bought to provide custodial services for FTX.US and U.S.-based LedgerX, but due to the collapse of the FTX empire, it was never integrated into either operation. Following the sale of LedgerX – and after FTX said it wouldn’t restart or sell its exchange – DCI had “relatively few operations,” according to the court filing. Still, DCI remains a valuable franchise, given it has already acquired a custody license from South Dakota, according to the filing. Source
New rules from the SEC and FCC, and the former’s own SIM swap incident, are likely to raise scrutiny on crypto firms to clamp down on a scourge of identity-hacks, says Andrew Adams, partner at Steptoe. Source
The action of the past couple of weeks though has seen slowing outflows out of GBTC, while sizable inflows have continued into the new products. On Feb. 8, Grayscale shed just 1,850 bitcoin, while the other nine ETFs added nearly 11,000 tokens to their funds. Then on Feb. 9, Grayscale lost 2,252 coins, while the other nine ETFs added more than 13,000. For perspective, just 900 newly mined bitcoin hit the market each day (soon to decline to 450 per day when the Bitcoin halving occurs in April). Source
Bitcoin’s spot market value leaped over the $49K threshold on Monday, breaking free from its initial trading confines of the day. The leading digital currency by market cap swiftly reached $50,000, marking a 3.7% increase over the past day and a notable 15.6% rise throughout the week. Bitcoin Breaks $49K Barrier, Bulls Seek to Tackle […] Original
On-chain data shows the Dogecoin volume and whale activity have plummeted recently, a possible indication that investors no longer have interest in the memecoin. Dogecoin Transaction Volume And Whale Transaction Count Have Declined As pointed out by analyst Ali in a new post on X, DOGE trading activity has become lower recently. There are two on-chain metrics of relevance here: the Transaction Volume and Whale Transaction Count. The former keeps track of the total amount of Dogecoin (in USD) involved in daily transaction activity on the network. A high value…