The next Bitcoin halving, scheduled for April 20, is poised to significantly impact the mining landscape. Below Jaran Mellerud, of Hashlabs Mining, forecasts for what lies ahead. Source
6 Ways the Halving Will Impact Bitcoin Mining
Day: April 8, 2024
Skybridge CEO Says Bitcoin Can Reach Half Of Gold Market, How Much Will BTC Be?
The future price and valuation of Bitcoin is a hot topic of debate, with varying predictions from different camps. One sentiment is maintained by most, though, and that is the fact that the cryptocurrency is going to trade at a much higher valuation than it is currently. Skybridge Capital CEO Anthony Scaramucci shares this sentiment, predicting that the Bitcoin market cap will eventually reach half of the gold market cap. Batting For Bitcoin To Capture 50% Of Gold Market Cap Anthony Scaramucci has long been a proponent of Bitcoin and…
Arthur Hayes $10M GMX Unstaking Shakes Market: Investors Unphased as Price Recovers
CoinspeakerArthur Hayes $10M GMX Unstaking Shakes Market: Investors Unphased as Price Recovers Co-founder of BitMEX Arthur Hayes caused bearish fallout for GMX price this morning after unstaking 237,672.8 GMX, worth almost $10 million, and transferring it to the market maker of NFT marketplace Blur. Hayes was set to make over $3 million in profit from the potential selloff, as reported by Lookonchain. The market responded quickly, resulting in a sharp 10% price drop as GMX fell from highs of around $41 to $37. The unstaked GMX tokens cannot be tracked…
Crypto Gainers of the Week: Nervos Leads With a 47.1% Jump, Bitget Token and Bittensor Follow
In the recent week, bitcoin and ethereum have regained their pace, with a specific set of nine cryptocurrencies posting significant gains in the double digits. During this period, CKB enjoyed a 47.1% uptick, BGB ascended by 21.6%, and TAO increased by 19.3%. Highlighting the Week’s Crypto Victors and Losers On Monday, April 8, 2024, the […] Source CryptoX Portal
Bitcoin Price Eclipses $72,000: 5 Major Factors
In the early US hours of Monday, Bitcoin witnessed a significant surge, with its price climbing above the $72,000 mark. The ascent, marked by a more than 4.5% increase within a mere five-hour window from below $69,500 to an intra-day high of $72,579, can be attributed to a confluence of factors that have stirred the crypto market. #1 Strong Bitcoin Spot Demand The rally appears to be fueled by robust demand in the Bitcoin spot market, hinting at the potential sustainability of the move. Crypto analyst Daan Crypto Trades (@DaanCrypto)…
Detained Binance Exec Pleads Not Guilty to Money Laundering Charges in Nigeria: Reports
The head of Binance’s financial crime compliance was detained in the country along with another executive at the company, Nadeem Anjarwalla, back in February amid accusations by Nigeria’s government that Binance had helped process illegal funds worth billions of dollars and that it had manipulated the exchange rate for the Nigerian naira. Source
Bitcoin nears all-time high as daily trading volume rises 70%
Bitcoin is up by over 4% today as the largest cryptocurrency nears its all-time high after a month. After dipping below $66,000 following wider liquidations in the crypto market, BTC made a strong comeback this week, driven by nearly $570 million total net flow in Bitcoin ETFs last week. On Thursday and Friday, Bitcoin ETFs consecutively saw more than $200 million in net inflows. Market sentiment is also highly positive, as the fourth halving is approaching later this month. The anticipation has been further driven by the halving of Bitcoin…
ENA Rises 15% as Ethena Labs Increases Staking Rewards
ENA, the native token of Ethena Labs, surged by 15% on Monday following the announcement of “season 2,” which includes a 50% increase in rewards for some users. Source
Which Crypto Protocols Will Airdrop Next?
Eigenlayer has captured the biggest mindshare, however. Over $56,000 is betting on whether the platform will release a token before June 30 on the general airdrop market, with a 66% probability. A separate market that ends on April 30 has attracted even more money—$63,000—but with just a 17% chance of an airdrop. Source
DeFi Firm 1inch Introduces Web3 Debit Card in Partnership with Mastercard and Baanx
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as…