Day: April 20, 2024

How to generate defi passive income through lending crypto

Learn how to earn defi passive income by lending crypto, including Bitcoin, on decentralized finance platforms. One of the biggest buzzwords in the crypto space today—defi, short for decentralized finance—has made finance cool again. Apart from making financial products decentralized and easily accessible to users from all walks of life, defi platforms also offer them the option to generate passive income from their crypto holdings, including Bitcoin (BTC). In a previous live Q&A broadcast, prominent crypto personality Andreas Antonopoulos shared the best ways to generate passive income with defi on…

New Stablecoin Bill Faces Criticism for Stifling Innovation and Breaching First Amendment 

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 […] Source CryptoX Portal

Bitcoin Users Spend Record $2.4 Million On Block 840,000

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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 event. While the price of BTC did not witness a dramatic change following the halving, transaction fees spiked to unprecedented highs.  Amidst the massive competition, a mining pool identified as ViaBTC had successfully mined the…

93 Blocks, $71 Million in Fees: Bitcoin Mining Revenue Booms Post-Halving

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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 […] Original

Shiba Inu (SHIB) Price Jumps On Growing Support From 1.4 Million Holders

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Shiba Inu (SHIB), the self-proclaimed “Dogecoin Killer,” is making headlines again. After a rollercoaster year in 2023, the canine-themed meme coin is exhibiting signs of life in the first half of 2024. With a growing holder base, a strategic support network, and a recent price jump, SHIB seems poised for a potential climb. However, lingering sell pressure and the ever-present shadow of its all-time high keep investors cautious. Shiba Inu Finds Strength In Numbers SHIB’s popularity continues to rise. The number of Shiba Inu holders on the Ethereum blockchain has…

Bitcoin Halving Sparks Next Bull Run: Cogwise Leads the Charge in Financial Prediction

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In the ever-evolving landscape of cryptocurrencies and financial markets, few events generate as much anticipation and excitement as the Bitcoin halving. As this phenomenon approaches, there’s a palpable buzz in the air, with enthusiasts and investors alike speculating about its potential impact on the market. This time around, however, a new player has emerged on […] Original

Bitcoin Market Update: Post-Halving Price Dynamics and Market Movements

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Bitcoin’s market value has experienced significant shifts following the recent halving event at block height 840,000, which saw onchain fees soar beyond $240 per transaction. This pivotal change coincides with a notable fluctuation in price, demonstrating a complex interplay of supply and demand forces at work. Currently, bitcoin is trading at $64,488, down 4.5% this […] Original

Fourth Bitcoin Halving Completed – Here Are The Implications

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The long-awaited fourth Bitcoin halving finally occurred after BTC posted its 840,000th block. This event is significant as it is expected to have several implications for the Bitcoin ecosystem and the crypto market going forward.  What To Expect Following The Bitcoin Halving The Bitcoin halving slashed miners’ rewards from 6.25 BTC to 3.125 BTC for each block mined. This means that Bitcoin miners are set to earn a reduced income of 450 BTC instead of the 900 BTC they earned before the fourth halving. This development is expected to have…

Stellar, XRP, whales bet on Kelexo for substantial profits before Bitcoin halving

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Amid April’s market trends, Stellar (XLM) and XRP are navigating through volatile terrains, facing fluctuations in their respective values.  Stellar (XLM) has encountered significant fluctuations, witnessing both ups and downs in its price trajectory over the past few months. While the coin experienced a moderate increase in its year-to-date performance, recent data reveals a downturn, with its value plummeting by over 19% in the last 30 days.  Similarly, XRP…