143258
We have the best crypto news feed on Telegram ▶️ Bitcoin Updates ▶️ Trading Signals ▶️ Crypto News ▶️ upcoming ICOs ▪️Join Now: @CryptoNewsSource Admin: @Crypto_Marcus
💰 ViaBTC auctions 'epic sat' after mining Bitcoin's halving block and holding back rewards
Bitcoin mining pool ViaBTC is auctioning the "epic sat" after mining Bitcoin's fourth halving block on Friday and setting aside 40.75 ($2.6 million) in rewards. "The auction for Sat 1,968,750,000,000,000 — 1 of only 4 epic sats in the Bitcoin ecosystem — has officially begun!," ViaBTC posted on its official X account earlier on Tuesday. "We're thrilled to partner with [crypto exchange] CoinEx Global for this monumental event.".
Source
/channel/CryptoNewsSource
💰 Grayscale Announces Low-Fee Bitcoin ETF Spinoff for Investors!
Grayscale, renowned for its spot Bitcoin ETF GBTC with a 1.5% fee, is shaking up the market with a new spinoff fund boasting a drastically reduced fee of 0.15%. This move, announced through Grayscale’s latest filing, aims to introduce the lowest fee among all available spot Bitcoin ETFs. The forthcoming Grayscale’s Bitcoin Mini Trust (BTC) is set to inherit 10% of GBTC’s assets, providing shareholders with a tax-free transition into the new fund, shielding them from capital gains tax liabilities.
Source
/channel/CryptoNewsSource
💰 Grayscale’s Mini Bitcoin ETF ‘cheap’ fees are ‘hypothetical’ — analysts
Grayscale Investments' has declared its upcoming "mini" version of the Grayscale Bitcoin Trust (GBTC) exchange-traded fund (ETF) will be almost a tenth cheaper than the current GBTC fees, making it the most cost-effective option among the approved spot Bitcoin ETFs. “This is pro-forma financials and as such hypothetical,” Balchunas explained in an April 20 post on X, arguing that while changes are possible before launch, the fees were intended to catch investors’ attention.
Source
/channel/CryptoNewsSource
💰 Halving Milestone: Block 840,000 Mined, Ushering in a New Chapter as Bitcoin Miners Face Shrinking Rewards
Bitcoin’s latest halving event occurred at block 840,000 which was mined by Viabtc on Friday evening. Additionally, the mining pool SBI Crypto unearthed the final 6.25 BTC block reward at block height 839,999. Starting with block 840,000, the reward has been reduced to 3.125 BTC per block. The mined block also achieved a whopping 37.626 BTC in transaction fees.
Source
/channel/CryptoNewsSource
💰 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
💰 Grayscale’s Mini-Bitcoin ETF to Have Lowest Fees on The Market
Grayscale’s new mini-Bitcoin exchange-traded fund will be a market leader in terms of fees, according to a recent filing. The world’s largest asset manager is aiming to retain its position as leader of the spot Bitcoin ETF market following a massive exodus of capital from its flagship GBTC product. In order to do this, Grayscale has applied for a smaller Bitcoin ETF with highly competitive fees to compete with its ten rivals.
Source
/channel/CryptoNewsSource
📊 CEX Trading Volumes Nearly Triple Since October 2023: Bybit
Bybit’s Institutional Report 2024 revealed a significant increase in monthly trading volumes across several centralized exchanges (CEXs) from October 2023 to March 2024. Bybit Exchange emerged as one of the fastest-growing platforms, showing a remarkable 264% growth in trading volumes. Additionally, the U.S.-based exchange Coinbase experienced an uptick in volumes, rising by 193%, slightly below the industry’s average growth rate of 255%.
Source
/channel/CryptoNewsSource
🇰🇷 Crypto.com denies reports that South Korean regulator is delaying local unit leadership change
Crypto.com has denied a local media report that said the firm might have encountered a roadblock in entering the South Korean crypto market, as the local financial regulator could be deferring the approval of a local entity's transition of executive leadership. The global cryptocurrency exchange announced on April 2 that it is launching a local trading platform in South Korea, which hosts one of the largest crypto markets in the world. The
Source
/channel/CryptoNewsSource
💰 Bitcoin network completes the fourth-ever ‘halving’.
The Bitcoin network completed its fourth "halving," reducing the rewards earned by miners to 3.125 bitcoins from 6.25.
/channel/CryptoNewsSource
💰 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