25281
We have the best crypto news feed on Telegram ▶️ Bitcoin Updates ▶️ Trading Signals ▶️ Crypto News ▶️ upcoming ICOs ▪️Join Now: @CryptoNewsSource Admin: @Crypto_Marcus
💰 BitMEX's bitcoin perpetual swap now offers 250x leverage ahead of halving
Crypto derivatives exchange BitMEX has increased the leverage on its bitcoin perpetual swap, XBTUSD, from 100x to 250x ahead of the halving event. "The increased leverage came upon requests from traders to profit from the volatility as the next Bitcoin Halving happens," BitMEX said Friday. The bitcoin halving event is expected to occur within the next 24 hours and will reduce the issuance rewards for bitcoin miners from the current 6.25 BTC per block to 3.125.
Source
/channel/CryptoNewsSource
🪙 Tether announces plan to reorganize into four new divisions
Tether, the issuer of the stablecoin, announced it is reorganizing to venture into broader digital asset sectors. The company's USDT stablecoin will be managed by a group called "Tether Finance," while another division, named "Tether Power," will manage the company's investments in bitcoin mining. A third division, "Tether Data," will oversee strategic investments in technology, including artificial intelligence (AI). Finally, a division called "Tether Edu" will house various educational initiatives.
Source
/channel/CryptoNewsSource
💰 Bitcoin’s Outperformance Means Some of Expected Post-Halving Rally May Have Come Early: JPMorgan
Recent weakness in mining stocks ahead of the bitcoin (BTC) halving offers an attractive entry point for investors, JPMorgan (JPM) said in a research report on Tuesday. The total market cap of the 14 U.S.-listed bitcoin miners tracked by the bank fell 28%, or $5.8 billion, to $14.2 billion, from March 31 to April 15, the report said. All of the stocks underperformed bitcoin and all lost at least 20%. The quadrennial reward halving slows the rate of growth in bitcoin supply and is expected to occur around April 19-20.
Source
/channel/CryptoNewsSource
💰 New legislation in Arkansas singles out Bitcoin miners introducing targeted state fee
The Arkansas Senate has greenlit a resolution introducing legislation to impose fees on crypto miners for excessive energy consumption, Arkansas Times reported on April 15. The proposed legislation introduces a tiered fee structure to the emerging industry. Miners consuming 1 MW to 2.49 MW of energy would face a fee of $25,000. For energy usage between 2.5 MW and 4.99 MW, the cost would be $50,000. Miners utilizing 5 MW to 10 MW would incur a $75,000 fee, while those exceeding 10 MW would pay $100,000.
Source
/channel/CryptoNewsSource
💰 Bitcoin back above $66k after weekend of panic selling
The digital asset ecosystem experienced a shaky weekend, with Bitcoin plummeting to around $65,000 from its $70,000 trading price on Friday, April 12. The downward trend continued into the weekend, with Bitcoin further declining to $60,800 amidst geopolitical tensions in the Middle East on Saturday evening. However, following a reduction in tension and the approval of Hong Kong ETFs Bitcoin has recovered back above $66,000.
Source
/channel/CryptoNewsSource
📊 US, UK, Germany Among Countries With Largest Government Crypto Holdings, Arkham's Data Shows
The United States, United Kingdom, and Germany rank among the top countries holding cryptocurrencies at the government level, according to data from Arkham Intelligence. The crypto analytic firm’s onchain analysis shows that the U.S. government holds 212,847 bitcoins while El Salvador has been purchasing one bitcoin daily as announced by its president.
Source
/channel/CryptoNewsSource
💰 CleanSpark to add 23EH/s new BTC miners amid potential hash rate drop post-halving
Institutional Bitcoin data provider Block Scholes anticipates a novel impact from next week’s Bitcoin halving on the network’s performance. The company believes that it may lead to an immediate drop in the network’s hash rate by roughly 25% within the first two weeks. The firm predicts this event will have a unique effect on the network compared to previous years, particularly in how quickly the difficulty adjusts post-halving.
Source
/channel/CryptoNewsSource
💰 Fidelity’s FBTC Gains Ground, Absorbing Over 1,000 BTC Amid Wednesday’s $123M Inflow
On Wednesday, U.S. spot bitcoin ETFs reversed a two-day trend of negative outflows, attracting $123.7 million. The ETFs amassed $3.04 billion in total volume, with Blackrock’s IBIT securing $1.55 billion and GBTC achieving $626.97 million in trades. Blackrock’s IBIT added 478.4 BTC, raising its holdings from 266,101.68 to 266,580.08 BTC. As of Wednesday, GBTC’s reserves stood at 318,451.70 BTC and by Thursday, had decreased to 316,193.43 BTC, indicating a reduction of 2,258.27 BTC since the previous day’s trading.
Source
/channel/CryptoNewsSource
💰 Bitcoin falls below $68,000 amid higher-than-expected inflation
The latest US Consumer Price Index (CPI) data for March has surprised economists, revealing that inflation remains persistent despite aggressive monetary tightening by the Federal Reserve. On a month-over-month (MoM) basis, the inflation rate came in above expectations at 0.4%. The core inflation rate, which excludes volatile food and energy prices, exceeded projections. The core inflation rate YoY was 3.8%, higher than the anticipated 3.7%, while the core inflation rate MoM came in at 0.4%, surpassing the projected 0.3%, according to Trading Economics.
Source
/channel/CryptoNewsSource
🇺🇸 SEC delays decision on spot 💰 bitcoin ETF options
The Securities and Exchange Commission published a notice Monday saying that it "designates May 29, 2024 as the date by which the Commission shall either approve or disapprove, or institute proceedings to determine whether to disapprove," allowing the New York Stock Exchange to start listing options on spot bitcoin ETFs. Two spot bitcoin ETFs named specifically were Bitwise Bitcoin ETF and the Grayscale Bitcoin Trust, but the proposal also opened the door to "any trust that holds Bitcoin."
Source
/channel/CryptoNewsSource
🇨🇳 China's Largest Fund Managers Eye Spot Bitcoin ETFs in Hong Kong's Financial Markets
Two of China’s largest fund management firms have recently been reported to be filing applications for spot bitcoin exchange-traded funds (ETFs), according to regional sources on Monday. Harvest Global Investments and Southern Fund are seeking approval from Hong Kong’s Securities and Futures Commission (SFC), aiming to obtain authorization to introduce spot bitcoin ETFs.
Source
/channel/CryptoNewsSource
💰 Bug in Discontinued Lido Staking Service Blocks User Access to Tokens Valued at $24.4 Million
A bug in the smart contract of Lido’s discontinued Solana staking service is reportedly preventing users from withdrawing digital assets valued at more than $24 million. Lido attributes this issue to “a problem with the maintainer bot and the recent update of rent-exempt terms for Solana staking accounts.”. A report said the staking service’s financial unsustainability and low fee revenue were some of the reasons why Lido ended the service more than five months ago. Before that, 92.7% of the Lido community voted in favor of discontinuing the service rather than funding it.
Source
/channel/CryptoNewsSource
💰 Bitcoin as 'digital gold' could enable continued demand as ETFs mitigate volatility: Coinbase
Hawkish views on the potential for U.S. Federal Reserve interest rate cuts have bolstered gold among traditional investors — a fact that may lead to more demand for bitcoin, in Coinbase's opinion. "In our view, bitcoin's increased acceptance as a form of "digital gold" could enable demand from a new subset of investors in this market regime," David Han, an institutional research analyst at the crypto exchange, wrote in a report published yesterday.
Source
/channel/CryptoNewsSource
🇰🇷 South Korea to tighten crypto exchange listings with upcoming guidelines: report
New guidelines imposing tighter regulations for token listings on centralized crypto exchanges will be released by South Korean financial authorities, news agency News1 reported. Additionally, the report stated that the Financial Services Commission in the country may mandate that foreign token projects develop specific whitepapers for the local market to get listed on domestic exchanges. Yet, tokens already listed on a licensed exchange for over two years may not need to meet these new criteria.
Source
/channel/CryptoNewsSource
🚀💎 Dive into the Next Breakthrough Altcoin! SWCH Token - Powering SwissCheese Finance. 🧀🌟
💰 Price Rockets to $0.56! Listing on Gate.io Imminent! Big Names Await - Targeting $5 Soon! 🚀🔥
🔥 Unleash the World's Premiere DEX for Stock Trading Tokens!
💰 Seize 100% Premium Staking Rewards & Elevate Your Portfolio!
📈 Acquire $SWCH on OKX DEX, MEXC, BingX, Bitget, BitMart, QuickSwap - Before the Big Exchanges!
🎮 Immerse Yourself in Thrilling NFT Gaming & Join the Lucrative Evolution!
🌐 Step Up Your Investment Game! Join Swisscheese Telegram Group for Exclusive Insights. 💸💎
💰 JP Morgan CEO calls Bitcoin ‘Ponzi Scheme’ despite serving as Authorized Participant for BlackRock ETF
JPMorgan Chase CEO Jamie Dimon reiterated his strong skepticism toward Bitcoin on April 18, calling it a “fraud” and a “Ponzi scheme” despite the lender’s involvement in BlackRock’s spot BTC exchange-traded fund (ETF). Dimon, who has a history of critiquing the digital currency, made the latest comments during an interview on Bloomberg TV, where he expressed doubts about Bitcoin’s utility and legitimacy as a form of money.
Source
/channel/CryptoNewsSource
⚪️ Worldcoin to have its own Layer 2 blockchain called World Chain
Sam Altman's proof-of-humanity project Worldcoin , will soon begin utilizing its own Layer 2 blockchain meant to improve efficiencies as it onboards new users. The new Layer 2, called World Chain, will be secured by Ethereum, according to a statement. Additionally, users who have been verified as human will "enjoy priority blockspace over bots and some free gas," the statement also said.
Source
/channel/CryptoNewsSource
💰 Miners Race to Discover Block 840,000 as Bitcoin Halving Nears
Many enthusiasts in the Bitcoin community were anticipating the next halving to coincide with Saturday, April 20, 2024, but the latest data suggest it will likely occur a day earlier, on April 19. Despite a recent uptick in mining difficulty, miners have managed to maintain a high hashrate, resulting in block times dropping below the average ten-minute mark.
Source
/channel/CryptoNewsSource
🪙 Uniswap volumes approach $3 billion despite Wells Notice
April is proving to be a month to remember for Uniswap. For starters, the decentralized exchange powerhouse crossed $2 trillion in total trading volume on April 5, solidifying its status as a major DEX player as competition heats up across networks, particularly on Solana, where Uniswap does not have a presence. On a more sour note, the platform got served a Wells notice from the Securities and Exchange Commission on April 10, with many thinking this signaled the start of a war on DeFi.
Source
/channel/CryptoNewsSource
💰 Bitcoin is the only way out of feudalism
The US has undergone an immense consolidation of wealth and power in recent years. Americans everywhere are suffering while modern-day robber barons get fat off a 21st-century Gilded Age or roaring Twenties. Unlike the Gilded Age and 1920s, however, the 2020s offer a reprieve. Bitcoin serves as a timely solution for individuals and families to ensure they enjoy their piece of the American Dream.
Source
/channel/CryptoNewsSource
💰 Bitcoin’s halving countdown continues with one week to go
Bitcoin’s next halving event is now just one week or approximately 1,000 blocks away, according to The Block’s Bitcoin Halving Countdown page. The estimated countdown is based on Bitcoin's average block generation time of 10 minutes, setting a potential date of April 20 at around 9 a.m. UTC (5 a.m. ET), to reach the next halving block height of 840,000, as things stand. Bitcoin’s next halving event will see the subsidy reward for miners on the network drop from 6.25 BTC to 3.125 BTC per block.
Source
/channel/CryptoNewsSource
🇹🇭 Thai Crypto Exchange Bitkub May Be Valued as High as $3B in IPO: CEO
The owner of Thai crypto exchange Bitkub Online, which plans to sell shares to the public next year, could be valued as high as $3 billion, Bitkub Capital Group CEO Jirayut Srupsrisopa said. Bitkub Capital signaled its intention to sell shares to the public in a 2023 letter to shareholders that didn't give a timeframe. Jirayut told Bloomberg earlier this month that an IPO was planned for next year and the company was in the process of hiring financial advisers.
Source
/channel/CryptoNewsSource
💰 Independent financial advisors start disclosing Bitcoin exposure via ETFs
Two financial advisors disclosed investments in spot Bitcoin ETFs on April 9. Signal Advisors, a Michigan-based startup serving independent financial advisors, disclosed ownership of 20,571 BlackRock iShares Bitcoin Trust (IBIT) shares. Spot Bitcoin ETF shares comprise a small amount of each firm’s investments. Wedmont has over $1.3 billion in assets under management (AUM), while Signal’s AUM stands at roughly $403 million.
Source
/channel/CryptoNewsSource
🇺🇸 US senator claims Biden administration uses crypto as ‘scapegoat’ to mask failures in halting illicit finance
In a pointed critique during a Senate hearing on April 9, Senator Tim Scott accused the current US administration of making digital assets the “scapegoat” in efforts to combat terrorism financing, ignoring more significant, more traditional sources of such funding, particularly those benefiting Iran. Addressing Deputy Treasury Secretary Adewale Adeyemo, Scott voiced concerns over the Treasury’s exclusive requests for expanded authority over cryptocurrencies to the Senate Committee on Banking, Housing, and Urban Affairs.
Source
/channel/CryptoNewsSource
💰 Only 1% of consumers still think Bitcoin is a passing ‘fad’
Bitcoin and crypto are no longer seen as a fleeting “fad” among consumers — the majority now consider them an integral part of the financial system, Reuters reported on April 8, citing a Deutsche Bank survey. The survey gathered responses from 3,600 individuals and revealed a slow yet noticeable shift in consumer attitudes towards bitcoin and cryptocurrencies, balancing cautious skepticism with a cautiously optimistic outlook for their future in the financial market.
Source
/channel/CryptoNewsSource
⬜️ Ripple CEO expects crypto market cap to double by year-end: CNBC
Ripple CEO Brad Garlinghouse said the entire cryptocurrency market capitalization will likely double by the end of 2024, according to a CNBC report on Sunday. The current global crypto market cap stands at around $2.59 trillion, CoinMarketCap data showed. Garlinghouse told CNBC that he is “very optimistic” about macroeconomic trends in crypto such as the emergence of spot bitcoin exchange-traded funds (ETF), which he said has brought forth “real” institutional investments in crypto for the first time.
Source
/channel/CryptoNewsSource
💰 US Bitcoin ETFs Bounce Back With $569.4M in Net Inflows After Initial Dip
U.S. spot bitcoin ETFs experienced a streak of four days of net inflows. The influx began modestly with $39.5 million on April 2, escalated to $113.5 million the next day, and soared to $213.4 million on April 3. The week’s culmination saw Friday pulling in an impressive $203 million, as reported by coinglass.com figures. Despite overall market positivity, Grayscale‘s GBTC encountered the day’s largest outflow among the ETFs. Trading volume for the ETFs on Friday summed up to approximately $2.37 billion, marking a 31.5% decrease from Thursday’s $3.46 billion.
Source
/channel/CryptoNewsSource
🇺🇸 SEC Gains Court Victory Against Terraform Labs and Do Kwon: Report
Although the US has yet to win the extradition victory against South Korea for Do Kwon, a New York court has already ruled against the fallen former crypto mogul in a legal case launched by the Securities and Exchange Commission. Do Kwon and his crypto brainchild – Terraform Labs – were found guilty of misleading investors in the 2022 crash. The Terra collapse from two years ago was among the loudest in the cryptocurrency industry, which resulted in an investor loss of around $40 billion. This unfolded when unknown actors found a way to explore the project’s algorithmic stablecoin UST, and the other native token – LUNA.
Source
/channel/CryptoNewsSource
💰 Banks Seek to Purchase Bitcoin Directly From BTC Mining Firm Hut 8, Says CEO
Per the CEO of Hut 8, a bitcoin mining company listed on the Toronto stock exchange, major financial institutions have made inquiries to purchase bitcoin directly from the firm. Additionally, the Hut 8 executive emphasized the forthcoming halving event’s “big impact,” noting a surge in demand juxtaposed with a reduction in available bitcoins.
Source
/channel/CryptoNewsSource
🔵 VanEck predicts Ethereum Layer 2 tokens will reach $1 trillion valuation by 2030
VanEck calculated its $1 trillion base case valuation for Layer 2s by applying a free cash flow multiple of 25 to its expectations of future cash flows, assuming an Ethereum ecosystem smart contract market share of 60%. VanEck estimated the cash flows by projecting transaction revenues (inclusions of transactions on a blockchain) and maximal extractable value (revenue derived from the ordering of transactions) for the Layer 2 networks’ anticipated total addressable market.
Source
/channel/CryptoNewsSource