Day: April 12, 2024

Bitcoin Pizza Day: History & Celebration

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Explore the significance of Bitcoin Pizza Day, marking the first documented Bitcoin transaction for physical goods, and its impact on the crypto world. Every year, the crypto community celebrates a Bitcoin Pizza Day, a key event in the history of cryptocurrencies. But when is Bitcoin Pizza Day exactly, and why is it significant to the crypto community? The day falls on May 22, and it’s the date when in 2010, Laszlo Hanyecz, a programmer and early Bitcoin (BTC) miner, made a transaction that would be remembered as the first documented…

The Halving Highlights Why Bitcoin Needs to Upgrade

To unlock the possibilities that the best talent in Web3 has to offer, developers need to be given the tools to build easily, efficiently and interoperably on top of Bitcoin. However, to achieve this, changes will need to be addressed at a Layer 1 level. Fortunately, there are some paths forward being explored right now that aren’t built on Layer 2’s. For example, there has been a proposal to reintroduce the “OP_CAT” opcode that would allow for multiple script variables to be concatenated into one, which would significantly improve the…

Ripple’s 500 Million XRP Escrow Unlock Threatens Price As Bulls Struggle To Hold $0.61

XRP has struggled to a higher degree compared to the others in the top 10 cryptocurrencies by market cap and it seems like the bearish sentiment is far from over. Ripple just unlocked a massive amount of tokens from escrow, which could threaten the price further. Ripple Unlocks 500 Million XRP In the early hours of Friday, on-chain whale tracking platform Whale Alert posted two transactions carrying a notable number of XRP tokens. The first transaction saw 200 million tokens unlocked from the escrow wallet, worth $122.63 million at the…

Hong Kong to reportedly approve first Bitcoin, Ethereum ETFs

Hong Kong regulators are poised to authorize the launch of Bitcoin and Ethereum ETFs. According to Bloomberg’s insights, the approval could be announced as early as April 15. If ETFs are approved, Hong Kong will become the first country in Asia to provide functioning Bitcoin and Ethereum ETFs.  An international division of Harvest Fund Management Co. from China and a joint venture between Bosera Asset Management (International) Co. and HashKey Capital are expected to be among the first recipients of approval for the spot crypto ETFs. The approvals are currently pending final checks. Both…

Asset Tokenization, AI Draw Focus From IOSCO Fintech Task Force

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Analyst Outlines 3 Phases For Market Dynamics

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Bitcoin is now hovering around the $70,000 threshold after a notable recovery it witnessed a few days ago. Due to the recent momentum, crypto enthusiasts are becoming less pessimistic about the digital asset’s growth prior to the halving event. With the fast approaching much-anticipated Bitcoin Halving, Rekt Capital, a well-recognized cryptocurrency analyst and aficionado, has offered his market insights mapping out three distinct stages of the event for investors. 3 Distinct Aspects Of The Bitcoin Halving Rekt Capital’s analysis delves into Bitcoin‘s movement before and after the halving takes place,…

While Some Think Bitcoin’s 12th-Largest Wallet Hides a Nation State, Onchain Data Shows an Exchange

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This week, the crypto community on social media has once again been buzzing about a bitcoin wallet called ‘Mr 100’ following a significant deposit of 100 bitcoin on April 10, 2024. Despite numerous assertions that the wallet is associated with the South Korean cryptocurrency exchange Upbit, a faction continues to believe that it is owned […] Original

Bitcoin Technical Analysis: BTC Traders on Edge as Mixed Signals Keep Market Guessing

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As of April 12, 2024, bitcoin’s price exhibits resilience, trading at $70,748, with oscillators showing mixed signals while moving averages firmly suggest a bullish trend heading into the weekend. Bitcoin The relative strength index (RSI) on the daily scale sits at a neutral 56, indicating neither overbought nor oversold conditions, suggesting that BTC has room […] Original