Tag: Blocks

Bitcoin Halving Inches Closer With Less Than 2,900 Blocks Left

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The Bitcoin Halving is fast approaching, with less than 2,900 blocks left before miners’ rewards are cut in half. This event, projected to take place sometime in April, is significant as Bitcoin’s price could enjoy a parabolic move to the upside after it takes place.  Bitcoin Halving Set For April 19 Data from Coinwarz shows that the Bitcoin Halving is set to take place on April 19 at Block 840,000. This projection is based on Bitcoin’s current block time average, which means the Halving can come a little earlier or…

Philippines Blocks Binance, Citing Threat to Security of Investor Funds

The Philippines has proceeded to block crypto exchange Binance. The country’s Securities and Exchange Commission (SEC) has concluded that the public’s continued access to Binance’s websites and apps “poses a threat to the security of the funds of investing Filipinos.” The Philippine SEC Warns Against ‘Investing in and Using Binance’ The Philippine Securities and Exchange […] Source CryptoX Portal

Spain Blocks Worldcoin Project Over Data Privacy Concerns, WLD Token Slides 7%

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The cryptocurrency project Worldcoin, spearheaded by Sam Altman, has faced another setback as Spain takes steps to block the venture. The Spanish data protection regulator, AEPD, has ordered Worldcoin to immediately halt the collection of personal information within the country and cease using the data it has already gathered.  Concerns Over Worldcoin Eyeball-Scanning Data Collection According to a Financial Times report, the AEPD expressed concerns about the project’s use of an eyeball-scanning “orb” to collect customers’ data. The regulator is expected to announce a “precautionary measure” on Wednesday, and Worldcoin…

Vanguard blocks spot Bitcoin ETF purchases

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Asset manager Vanguard will not allow the purchase of spot Bitcoin (BTC) ETFs on its platform. A Jan. 11 Wall Street Journal report claims Vanguard has no plans to offer new instruments on its brokerage platform because they do not match its traditional offerings. “Our perspective is that these products do not align with our offer focused on asset classes such as equities, bonds, and cash, which Vanguard views as the building blocks of a well-balanced, long-term investment portfolio.” Vanguard statement Tony Spencer, one of Vanguard’s clients, noted that a…

Next Bitcoin halving just 15k blocks away 

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Only 15,000 blocks remain until the much-anticipated Bitcoin halving.  The halving is projected to occur on April 19, approximately 99 days away, marking a pivotal moment in the life cycle of the leading cryptocurrency. Historically, halving events have had significant impacts on the Bitcoin market. Previous trends show that Bitcoin will experience a major rally shortly after every halving. This is often due to increased public interest, speculative trading, and discussions about the future of cryptocurrencies.  Source: CoinGecko Analysts closely observe these periods, as past halvings have been followed by…

Bitcoin Halving 2024 Is Just 100 Days and 15,000 Blocks Away

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Bitcoin has shown a tendency to experience steady price increases in the months following the halving. The countdown to the Bitcoin (BTC) Halving in 2024 has begun, with just 100 days remaining until the event takes place. While the crypto market eagerly anticipates the approval of a spot Bitcoin Exchange-Traded Fund (ETF), Bitcoin miners will experience a 50% reduction in block rewards, marking the next block subsidy halving. The Bitcoin halving is scheduled to occur in the second quarter of 2024, tentatively around April 19. Various countdown tools, such as…

India Names Binance among 9 Crypto Exchanges Violating Its AML Rules, Blocks Their URLs

Presently, India is working on a crypto regulatory framework that is scheduled to take effect in 2024. The framework is based on a joint recommendation of both the International Monetary Fund and the Financial Stability Board. The Indian government, through its Financial Intelligence Unit (FIU), has moved to block a total of 9 URLs belonging to various global crypto exchanges. The move is said to be in line with the government’s efforts to ensure that digital asset service providers comply with its Anti-Money Laundering regulations. In this regard, India has…

‘Concerning precedent’ — bloXroute Labs’ MEV relays to reject OFAC blocks

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One of the largest producers of censorship-resistant blocks on Ethereum has made a complete u-turn, announcing it will start censoring OFAC-sanctioned blocks across all of its MEV relays in compliance with local laws. The firm, bloXroute Labs — which has produced at least 400,000 Ethereum blocks from its two leading Maximal Extraction Value (MEV) relays — made the announcement of its policy change on Dec. 18 in a post on X (formerly Twitter), noting:  “Effective immediately, all bloXroute relays will reject block bids if they contain OFAC transactions.” An “OFAC…