Month: April 2024

Bitcoin-centric app Strike enters Europe

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Strike, a Bitcoin-only app, has expanded support to European customers following massive regional demand and rising cryptocurrency prices.  On April 24, Strike CEO Jack Mallers shared plans to power Bitcoin (BTC) adoption in Europe by allowing users to buy, sell, and send the leading crypto token across the continent.  An official announcement said eligible European customers could buy BTC via bank accounts using uncapped Single Euro Payments Area (SEPA) deposits. As of this writing, SEPA’s area consists of 36 countries, including all European Union member states, four countries in the European…

Bitcoin whales accumulated 266k BTC since January

Since the beginning of 2024, large Bitcoin holders have accumulated an additional 266,000 BTC. According to Santiment analysts, this BTC value amounts to $17.5 billion. The company notes that whales with balances ranging from 1,000 BTC to 10,000 BTC received 1.24% of the total asset supply of 21 million during the mentioned period. Santiment also believes institutional investors are helping to reduce industry volatility. In addition, the mentioned market players supported the Bitcoin rate growth before the halving, which experts emphasize will significantly impact the asset’s value after the halving.…

Bitcoin’s First Post-Halving Adjustment Raises Mining Difficulty to Record High

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Bitcoin recently completed its first difficulty adjustment following the fourth halving, recording a 1.99% increase and pushing the mining difficulty to a record high. The network’s difficulty level rose from 86.39 trillion to a new level of 88.10 trillion. Bitcoin Miners’ Strength Tested as Mining Difficulty Jumps 2% Post-Halving As of block 840,672, which occurred […] Original

Coinbase’s Base Chain Set to Propel Crypto Adoption into Mainstream with Layer 2 Innovations

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…

Worldcoin Team Plans To Sell 1.5 Million WLD Tokens Every Week For 6 Months

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Worldcoin (WLD) could be the victim of a significant downtrend in the coming weeks. The team plans to sell as many as 1.5 million WLD tokens over the next six months, which could bring about massive selling pressure and affect the token’s price.  Details About The Proposed WLD Token Sale Worldcoin revealed in a blog post that World Assets (a subsidiary of the Worldcoin Foundation) will sell between 500,000 and 1.5 million Worldcoin tokens weekly to a group of institutional trading firms outside the United States. This token sale will…

The Inevitable Shift to On-Chain Integration

Currently, on-chain RWAs represent a $7.5 billion market. While this might seem marginal relative to the tens of trillions of dollars worth of assets managed traditionally, the pace of growth and the increasing range of assets being tokenized — including treasuries, commodities, private equity, real estate, private credit, and others — suggest a tipping point. A 2022 Boston Consulting Group report estimated that the market for tokenized assets could grow to $16 trillion by 2030, which would greatly enable DeFi protocols catering to these assets to develop entire new financial…

Former Binance Boss CZ Apologizes, Accepts Responsibility Ahead of Sentencing

Changpeng Zhao, the former CEO of Binance, has publicly apologized for his past decisions and accepted full responsibility for his actions. This comes as U.S. prosecutors are seeking a 36-month prison sentence for Zhao in connection with compliance failures at the cryptocurrency exchange. Changpeng Zhao Issues Apology as Sentencing Nears In a letter to the […] Source CryptoX Portal

Tether’s (USDT) Stablecoin Dominance May Wane Following Proposed U.S. Regulation: S&P

“An approval of the stablecoin bill would accelerate institutional blockchain innovation, in particular for tokenization or digital bond issuances involving on-chain payments,” O’Neill said, adding that the “growth of institutional use cases for stablecoins would create opportunities for banks as stablecoin issuers and may also reduce tether’s dominance in the global stablecoin market.” S&P said that USDT is issued by a non-U.S. entity and therefore is not a permitted payment stablecoin under the proposed bill. This means that U.S. entities can’t hold or transact in it, which could reduce USDT’s…

ICO statement on Upper Tribunal ruling

The Upper Tribunal has ruled on the our action to require Experian Limited to change how it handles people’s personal data, dismissing our appeal of the First-tier Tribunal’s ruling of 20 February 2023. The First-Tier Tribunal (Information Rights) has previously ruled on our action to require Experian Limited to change how it handles people’s personal data. The Judgment supported aspects of our decision, while allowing Experian’s appeal in other areas. Stephen Bonner, ICO Deputy Commissioner, says: “The credit reference agency industry holds data on almost every adult in the UK.…

Bitcoin’s issuance rate sinks lower than gold’s after fourth halving

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Bitcoin’s fourth halving event has drawn significant attention to its comparison with gold regarding scarcity, as highlighted by Glassnode analysts. According to Glassnode, this event marked a historic moment where Bitcoin’s (BTC) issuance rate fell below that of gold for the first time, emphasizing a pivotal shift in the narrative surrounding the two assets. As reported, the halving event on Saturday reduced block subsidies, with the issuance dropping from 6.25 BTC to 3.125 BTC per block. This translates to an issuance of approximately 450 bitcoin per day, further underlining the…