Day: June 4, 2024

Is there life after halving? Challenges and opportunities for Bitcoin miners

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Post-halving, Bitcoin (BTC) miners face a squeeze as rewards drop and costs soar. Can innovative strategies and market dynamics help them stay profitable? The Bitcoin halving is an event built into the Bitcoin protocol that occurs approximately every four years. It results in the reduction in the reward miners receive for adding new blocks to the blockchain. The latest halving, which took place in April 2024, slashed the block reward from 6.25 BTC to 3.125 BTC.  This event, central to Bitcoin’s deflationary nature, impacts the supply of new Bitcoins and…

Edward Snowden on NYSE Trading Halts: ‘Bitcoin Fixes This’

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On Monday, the New York Stock Exchange (NYSE) encountered a series of unexpected trading halts affecting stocks such as Chipotle and Berkshire Hathaway. Berkshire shares plummeted 99.7%, while Chipotle’s stock fell 66%. In response to the event, renowned whistleblower Edward Snowden took to social media, asserting that “bitcoin fixes this.” NYSE Disruptions Trigger Stock Falls; […] Original

Crypto Pundit Shares “Inevitable” Prices For Bitcoin And 5 Altcoins

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With the crypto market expected to enter a bull run later this year, and Bitcoin, alongside altcoins, are already expected to be responding to it. As crypto investors eagerly await this bull run, a crypto analyst has revealed where they expect the prices of six cryptocurrencies to reach. Bitcoin And Altcoins Set To Move As Bitcoin and altcoins begin their move up, Crypto Emily, an analyst, has revealed where she expects the price of major cryptocurrencies to go. The analyst starts out with Bitcoin, giving it a major price tag…

Crypto.com Among 11 Digital Asset Exchanges on the Verge of Getting Licensed in Hong Kong: Report

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Hong Kong’s Securities and Futures Commission (SFC) reportedly says that nearly a dozen crypto exchanges are on the cusp of getting their trading licenses approved. The SFC’s website showed on June 1st that the 11 applicants, including the Singapore-based Crypto.com and the Hong Kong-based Bullish, are “deemed to be licensed,” according to a Bloomberg report. Hong Kong introduced new digital asset exchange regulations last year and set a June 1st deadline for crypto exchanges to obtain a virtual asset trading platform license or get the “deemed to be licensed” status.…

Bitcoin Ready To Takeoff? Analyst Eyes $85,000 as Fundamentals Align

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Bitcoin prices are hovering near $70,000, bouncing from a critical dynamic support line, evident in the daily chart. Even though bulls have yet to breach $72,000 and break above March 2024 highs, traders are optimistic about what lies ahead. Bitcoin Bulls In Charge: Analyst Targets $85,000 Taking to X, one analyst believes the world’s most valuable coin is preparing for a decisive breakout above the local resistance levels and all-time highs at around $74,000. In a post, the analyst notes that Bitcoin has been consolidating, moving sideways and even lower…