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Recent data from CryptoQuant indicates a steep decline in daily revenue for Bitcoin miners, falling to $63.6 million on Tuesday after excitement for the Runes protocol diminished. This downturn aligns with the effects of the recent Bitcoin halving event, which took place last Friday night. The event halved the issuance of new Bitcoin per block to 3.125. Consequently, new Bitcoin issuance was reduced from 900 to 450. Post-Halving Volatility: Miner Profits Plummet as Fees Drop Despite this reduction, miner revenues…

The post Why is the Crypto Market Down Today? appeared first on Coinpedia Fintech News The total crypto market cap dropped around 4 percent in the last 24 hours to about $2.48 trillion, led by Bitcoin (BTC). According to the latest crypto market data, Bitcoin exchanged around $64,253 on Thursday during the early Asian session after experiencing a significant resistance level of around $67k.  Following the increased crypto volatility, more than $212 million was liquidated, mostly involving long-term traders.  Top…

The post U.S. DOJ Cracks Down on Samourai Wallet for Alleged Money Laundering appeared first on Coinpedia Fintech News Samourai Wallet developers released a beta version in 2024 allowing atomic swaps of bitcoin/monero. This new feature streamlined secure swaps between BTC and XMR using the Tor network. This release came amidst government scrutiny of privacy coins and exchanges delisting them.  In October, FinCEN proposed new rules for crypto-mixing services. This was done to reduce money laundering risks. Also, starting from…

In line with global regulatory trends, Thailand is tightening its oversight of the cryptocurrency sector by primarily targeting unauthorized crypto platforms. Regulatory Action Thailand's Securities and Exchange Commission (SEC) is taking decisive action against unregistered digital asset service providers. In coordination with the Ministry of Digital Economy and Society, the SEC will block access to these unauthorized platforms. The decision, announced after a meeting of the Technology Crime Prevention and Suppression Committee on April 19, signals the government's commitment to…

As war in the Middle East slides closer, the crypto market has suffered some downward movement. Big names like Solana and XRP have seen prices slip as investors nervously await developments between Israel and Iran. However, there is a silver lining in the form of a new crypto ICO defying the current market slump. Raboo is approaching $1 million raised, and its fast-selling presale is flying off the shelves. Can it continue to stave off the threat of war in…

The post FTX Investors Team Up with Sam Bankman-Fried to Take Down Celebrity Who Endorsed FTX appeared first on Coinpedia Fintech News FTX investors and customers have decided to drop their claims against former FTX CEO Sam Bankman-Fried in exchange for his help in taking legal action against celebrities who endorsed FTX. This comes after Bankman-Fried was sentenced to 25 years in prison for fraud related to FTX.  As part of the agreement, investors would drop all current and future…

The post Top Reasons Why Bitcoin Price is Down Today appeared first on Coinpedia Fintech News Bitcoin’s price has been dropping rapidly due to the increasing geopolitical conflict in the Middle East. At the same time, the U.S. economy has proven to be resilient, and this has caused an increase in bets on higher interest rates. This has reduced the market’s risk appetite, further hurting Bitcoin. The Bitcoin Halving 2024 is just two days away, and there is much speculation…

Arbitrum, the largest Ethereum layer-2 scaling solution by total value locked (TVL), is taking steps towards decentralization. In an update on April 16, Offchain Labs–Arbitrum developers–said they have deployed the permissionless version of their fraud proofs, dubbed Bounded Liquidity Delay (BOLD), to testnet. Ethereum Layer-2s Are Popular, But There Is A Big Problem Ethereum layer-2 solutions have been gaining prominence over the years. According to L2Beat data on April 17, these platforms control over $37 billion of assets. Protocol developers…

On-chain data shows the Bitcoin long-term holder selling pressure has been running out recently after an extended selloff from the group. Bitcoin Long-Term Holders Have Sold Huge In Past 4 Months As analyst James Van Straten explained in a post on X, the long-term holders have massively reduced distribution during the last ten days. The “long-term holders” (LTHs) here refer to the Bitcoin investors carrying their coins since more than 155 days ago. The LTHs comprise one of the two…