Month: April 2024

Pro-XRP Lawyer John Deaton Files Amicus Brief in Support of Crypto Exchange Coinbase: Report

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Pro-XRP lawyer and Senate hopeful John Deaton is reportedly filing an amicus brief in support of top US-based crypto exchange Coinbase. According to court documents revealed by Fox Business journalist Eleanor Terrett, Deaton has filed for permission to appear in court in support of 4,701 Coinbase customers in the U.S. Securities and Exchange Commission’s (SEC) lawsuit against the crypto exchange. Terrett says that before launching his Senate campaign in Massachusetts, Deaton said he would file an amicus brief on behalf of the customers if the case ever went to the…

Bitcoin Halving Successfully Completed, Fueling Expectations of Price Surge – Blockchain News, Opinion, TV and Jobs

The so-called ‘bitcoin halving’ was completed in the night from Friday to Saturday. This halving takes place once every four years and aims to counteract bitcoin inflation by making the currency scarcer. During the halving, rewards for creating a new bitcoin (also known as mining) are reduced. This has a slowing effect on the rate at which new bitcoins enter the market. It makes the cryptocurrency scarcer, which drives up the price. Miners play a crucial role in the Bitcoin network. They use powerful computers to solve complex mathematical problems,…

Ethereum Enters Accumulation Phase

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Investors are accumulating Ethereum in droves amidst what could become a return to bullish sentiment for the cryptocurrency. Ethereum is currently ranging around $3,170, with its price undergoing volatility in the past seven days. Amidst this price volatility, on-chain data has revealed an accumulation trend from Ether investors during the week. Additionally, transaction data has shown an uptick in whale movement of ETH to and from exchanges, with recent market happenings indicating a transformation in the price of the crypto asset. Ethereum Sees Major Accumulation As Investors Stock Up Ethereum…

The Runes Economy: Navigating the Booming Market of Bitcoin-Derived Tokens

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While the BRC20 token economy’s market valuation surpasses $2.8 billion, according to one leading market cap aggregation website, tokens derived from the Runes protocol are beginning to experience price discovery following the launch of the new token standard. The following is a look at several popular runes tokens, detailing their supplies and present market values. […] Original

Were Bitcoin Miners Behind The BTC Price Crash Below $60,000?

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The price of Bitcoin fell drastically towards the $60,000 mark in the days leading up to the just concluded halving. On-chain data has shed light on what could very well be the reason for this price dip in the middle of all the excitement around the halving. Particularly, data has revealed that some miners have been selling their holdings in the days leading up to the halving event, with the entire BTC holdings of miners hitting a 12-year low.  Miners’ Bitcoin Holdings Hit 12-Year Low On-chain analytics platform IntoTheBlock noted…

Massive BTC Market Turbulence, Analyst Predicts $650K BTC Price, and More — Week in Review

Last weekend witnessed a significant decline in Bitcoin prices that continued throughout the week, resulting in a $4,500 drop and erasing $167 million in BTC long positions within just an hour. Despite this turbulence, onchain analyst Willy Woo forecasts a potential rise in Bitcoin’s price to $650,000. Robert Kiyosaki, author of “Rich Dad Poor Dad,” […] Source CryptoX Portal

MiCA will transform the EU into a crypto adoption hub this year

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. When the Markets in Crypto-Assets Regulation (MiCA) was signed into law in June 2023, a framework for twenty-seven countries was finally in place. Although this was a landmark piece of legislation for a region that represents nearly twenty percent of the global economy, MiCA is serving as the beginning of a twelve to eighteen-month process of transition, transformation, and customization; that’s because MiCA includes a “substantial number…