Bitcoin Magazine

2024-04-25 11:05:20 Spot Bitcoin, Ether ETFs Get Official Approval in Hong Kong; 'Potential Fee War' Unfolding, Says Analyst

Hong Kong’s market regulator has officially approved the first batch of crypto-related spot exchange-traded funds (ETFs), a first for the city and a move that could establish it as Asia’s leading digital-asset hub and unleash further growth in the sector. The funds could start trading on April 30, Bloomberg Intelligence analyst Eric Balchunas said Wednesday, adding that the management fees are lower on average than previously expected.

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2024-04-24 20:01:35 Bitcoin options worth over $6.3 billion set to expire this Friday on Deribit

Approximately $9.4 billion in cryptocurrency options are set to expire this Friday on the Deribit derivatives exchange. The majority of the options set to expire are bitcoin contracts, with a notional value of $6.35 billion. The put-call ratio ahead of Friday's end-of-month expiry is elevated at 0.68 — an increase in the amount of puts versus calls when compared to the previous week.

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2024-04-24 08:35:13 Mining pool ViaBTC auctions rare Bitcoin ‘epic sat’ from recent halving event on CoinEx

ViaBTC, the world’s third-largest mining pool, is initiating an auction for the “epic sat” it uncovered during Bitcoin’s fourth halving event on April 20. “Epic sat” refers to the initial satoshi generated following each halving event, occurring approximately every four years after 210,000 blocks. With just 32 epic sats expected to exist, these units carry exceptional significance within the Bitcoin network. According to the auction page, the highest bid for the asset is 2 BTC, approximately $132,000, as of press time.

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2024-04-23 18:30:32 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 08:31:05 Pro-Bitcoin presidential candidate RFK Jr. says he will "put the entire US budget on blockchain" if elected in 2024.

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2024-04-22 21:02:09 Why Coinbase holding 90% of Bitcoin ETF's should worry you says Adam O'Brien

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2024-04-21 21:45:33 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 10:34:57 The Bitcoin Halving explained.

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2024-04-20 20:29:57 Grayscale Reveals 0.15% Fees For Its Bitcoin Mini Trust ETF

Bitcoin ETF provider Grayscale has provided some details of its spin-off fund, the Bitcoin Mini Trust (BTC), including a more competitive 0.15% fee than the uplisted mothership GBTC product, according to a pro forma financials in its latest filing. The filing also provides an illustrative example of the amount of Bitcoin (BTC) Grayscale will contribute to the mini fund: 63,204 bitcoin, or 10% of existing assets in GBTC, as per the filing. Shares of the BTC trust are to be issued and distributed automatically to holders of GBTC shares.

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2024-04-20 09:50:17 Bitcoin's fourth halving block sees additional $2.4 million reward paid as fee

The fourth-ever Bitcoin halving block has been confirmed. The halving block appears to be from the crypto mining pool ViaBTC with an additional 37.6256 BTC ($2,401,399) "reward paid as fees of the 3,050 transactions which were included in the block," according to a bitcoin blockchain explorer from Blockchain.com. To be sure, it's possible this block can be changed after it's been confirmed.

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