Bitcoin News

2024-04-24 09:06:10 Mt. Gox's Looming $9B Payout Could Weigh on Bitcoin Prices, K33 Research Warns

The crypto market has mostly shrugged off last week's correction, but there's a possible catalyst ahead that could weigh on prices through the next few weeks, putting a rally higher in jeopardy. Mt. Gox, a crypto exchange that imploded due to a hack in 2014, is gearing toward distributing 142,000 bitcoin (BTC) worth roughly $9.5 billion and 143,000 bitcoin cash (BCH) worth $73 million to creditors, posing a substantial overhang on digital asset prices.

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2024-04-23 19:33:52 Bitcoin transaction fees surge to make up 75% of miner revenue post-halving

Bitcoin’s fourth halving introduced a long-term and a short-term shift in miner revenue composition as it reduced the amount of BTC rewarded to miners for each mined block by 50% — directly impacting miner incentives and, by extension, the broader Bitcoin economy. On April 19, just before the halving, transaction fees constituted 11% of total.

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2024-04-23 08:35:45 100k signatures can trigger Swiss national referendum on adding Bitcoin to country reserves

Bitcoin advocates in Switzerland have initiated a campaign to trigger a National Referendum urging the Swiss National Bank (SNB) to include the flagship digital asset in its asset reserves. The campaign is spearheaded by Yves Bennaïm, the founder and chairman of 2B4CH, a nonprofit think tank, and enjoys support from Luzius Meisser, the chairman of asset manager Bitcoin Suisse.

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2024-04-23 04:01:03 DAVE PORTNOY: I wouldn’t buy Bitcoin at these levels. I’m don’t think I can stomach getting back in until it’s in the 40’s again

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2024-04-21 13:32:07 We post daily the best Bitcoin, Cryptocurrency & Blockchain News.

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2024-04-21 12:28:00 “If you look historically at halving events, the price rally over the next year has been substantial after each of the past three,“ says Bitwise CIO Matt Hougan

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2024-04-20 20:49:57 Bitcoin mining stocks saw spikes across the board ahead of halving event

Several Bitcoin mining firms listed on the Nasdaq stock exchange closed the trading week with a noticeable 24-hour increase in share prices in the lead-up to the Bitcoin halving event. On April 20, Bitcoin celebrated its fourth-ever halving event, and the date was likely firmly marked in the calendars of Bitcoin mining firms as it can significantly disrupt business operations.

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2024-04-20 09:56:41 Bitcoin ushers in fourth halving as miners' block subsidy reward drops to 3.125 BTC

Bitcoin’s latest halving is now complete, seeing miners’ block subsidy rewards drop from 6.25 BTC to 3.125 BTC. Bitcoin’s fourth halving occurred at block height 840,000, ushering in a new epoch for the network. Hopes of many in the community that the halving would land on the memeable date of 4/20 failed to materialize for the U.S. market as miners appeared to ramp up their hash rate on the network ahead of the subsidy drop.

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2024-04-20 04:09:43 Bitcoin has officially halved!

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2024-04-19 20:13:24 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.

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