Halving

On April 20, 2024, the latest Bitcoin halving finally took place, cutting the rewards per Bitcoin block in half. This event, which takes place every few years, is one of the most anticipated events in the crypto calendar and has far-reaching implications on virtually every part of the industry. One application of Bitcoin that is bound to be impacted is gambling. While it is often underrated as a use of Bitcoin, the crypto gambling space has been on the rise…

Cryptocurrency enthusiasts are on the edge of their seats as a significant market event looms. Previous BTC halving events have historically sparked considerable interest and activity, leading to speculation about which alternative currencies might experience a surge as the market heats up. As the year 2024 unfolds, investors are eager to learn which altcoins hold the potential for impressive moves in this anticipated phase. The following analysis provides a look into the contenders poised to capture the attention of the…

An analyst makes an audacious prediction for XRP, foreseeing the asset hitting $246 after the end of the ongoing cycle.  According to him, XRP’s weekly chart discloses the repetition of a pattern that triggered the significant surge to $3.3 in January 2018 and $1.9 in April 2021.  XRP’s steady surge over the years and consistent struggle since the commencement of the legal dispute between the US Securities and Exchange Commission (SEC) and Ripple Labs has forced market analysts to resort…

The post Why Does Bitcoin Still Require Correction After ETF and Halving? Why Are Markets Perplexed Following a Bullish Event? appeared first on Coinpedia Fintech News A fresh wave of volatility has hit the crypto markets as the prices of the majority of the cryptos have been fluctuating close to their support levels. Meanwhile, the Bitcoin price is also facing equal bullish and bearish pressure, which suggests a major price action is on the horizon. However, the question remains why…

In April, Hut 8, a major player in North America’s Bitcoin mining scene, reported a significant 36% reduction in its Bitcoin production. This drop has come in the wake of the latest Bitcoin halving event and the relocation of the company’s mining operations.  Unlike the broader decline across the industry, which saw a decrease in production by 6-12%, Hut 8 experienced a steeper reduction, with its April output totaling only 148 Bitcoin, as compared to March. Hut 8 and the…

The post BTC Price Continues to Trade Within Narrow Range: Here’s Why There Is No Growth After the Bitcoin Halving appeared first on Coinpedia Fintech News Crypto markets are super volatile at the moment. Although the prices of the popular tokens remain within a descending trend, the likelihood of a fine upswing continues to hold upright. The start of the year was extremely bullish, as the markets were screaming for more upside. Further, two months down the line, the altcoins…

The recent Bitcoin halving has ignited a fresh fervor in the crypto market, marking a pivot towards AI cryptos. Among these, Akash Network, Theta Fuel, and Raboo are gaining particular attention for their unique contributions and promising futures. Let's delve into why savvy investors are placing their bets on these AI cryptos. Akash Network (AKT) Akash Network stands out as a top decentralized cloud computing marketplace. Akash Network leverages unused cloud capacities in data centers to offer secure, private, and…

In yet another milestone for the Bitcoin network, its daily transactions peaked at 927,000, surpassing the previous record of 724,000 set in December 2023, according to findings by Intotheblock. The launch of Runes sparked a rapid increase, demonstrating growing interest and utility in cryptocurrencies, setting a new all-time high in Bitcoin’s transaction activity. Runes, a new token standard on the Bitcoin blockchain, has dominated transactions since its launch following the halving on April 20, accounting for over two-thirds of all…

An “epic sat,” an extremely rare satoshi (the smallest unit of Bitcoin) from the network’s fourth halving block, was recently sold for over $2 million. On April 25, the crypto mining pool ViaBTC successfully auctioned off “Sat 1,968,750,000,000,000” for 33.3 BTC, approximately $2.13 million, on the cryptocurrency exchange CoinEx Global. ViaBTC’s Rare Satoshi Auctioned CoinEx Global announced that its partner, the ViaBTC mining pool, successfully mined the 840,000th block. This milestone marked Bitcoin’s fourth halving and featured a block identified…