🔸️Ethereum | Bitcoin & Altcoin News

2024-04-23 20:40:31 Venezuela plans to speed up USDT adoption following US sanctions: Reuters

Venezuela’s state-run oil firm PDVSA is gearing up to increase the use of the Tether stablecoin for exporting crude and fuel oil, as the U.S. has recently decided to reimpose sanctions on the country, Reuters reported Monday, citing sources familiar with the matter. Reuters reported last week that the Biden administration would not renew a license that eased oil sanctions on Venezuela after President Nicolas Maduro failed to measure up to his election promises.

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2024-04-23 09:25:15 SEC lawyers resign following controversial DEBT Box case

Two SEC lawyers have resigned following controversies in the regulator’s legal case against crypto firm DEBT Box. Bloomberg reported on April 22 that Michael Welsh and Joseph Watkins, who served as lead SEC attorneys in the ongoing case, resigned in April. The regulator reportedly intended to terminate both lawyers if they did not resign. Bloomberg said neither Welsh nor Watkins responded to its request for comments.

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2024-04-22 20:35:26 Bitcoin Miner Revenue Reached $106.7 Million On The Halving Day

Bitcoin miner revenue experienced a significant boost following the recent halving event, driven by a surge in transaction fees. According to data from Glassnode, on April 20, Bitcoin miner revenue hit a record high of $106.7 million, with 75.444% of it stemming from network transaction fees. The spike in transaction fees was attributed to increased activity on the Runes protocol, particularly in capturing newly minted runes.

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2024-04-21 22:00:49 MiCA will transform the EU into a crypto adoption hub this year

Markets in Crypto-Assets Regulation (MiCA) was signed into law in June 2023, a framework for twenty-seven countries was finally in place. Although this was a landmark piece of legislation for a region that represents nearly twenty percent of the global economy, MiCA is serving as the beginning of a twelve to eighteen-month process of transition, transformation, and customization; that’s because MiCA includes a “substantial number of Level 2 and Level 3 measures,” as noted by the European Securities and Markets Authorities, that still must be developed and refined.

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2024-04-21 09:49:57 Deutsche Bank Expects Bitcoin Price to 'Stay High' After Halving — JPMorgan Disagrees

JPMorgan Chase and Deutsche Bank have weighed in on potential price movements for bitcoin following the halving. “We continue to expect prices to stay high,” Deutsche Bank analysts said. JPMorgan analysts, however, stated that they “see downside for the bitcoin price post halving for several reasons.”

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2024-04-20 18:59:57 Bitcoin Miners Smash Previous Revenue Records Post-Halving; Over $54M Collected in 60 Blocks

Since the halving, 63 blocks have been mined, and bitcoin miners have accumulated substantial fees following a dramatic increase in the fee rate. This surge took the cost per transaction from $18 to over $245, recorded at 9:00 p.m. EDT on Friday evening. Since then fees have dropped and by Saturday morning at 7:30 a.m. EDT, transfer fees are down to $34 per transaction.

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2024-04-20 08:45:13 After Halving Event, Bitcoin Transaction Fees Soar to Over $240

Upon reaching block height 840,000, when the mining pool Viabtc collected 37.626 bitcoin in fees worth $2.39 million, the expense for onchain transfers climbed, surpassing $240 per transaction. Block 840,003 recorded 16.06 bitcoins in fee payments, and block 840,004 accumulated 24 bitcoins in fees valued at over $1.5 million.

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2024-04-19 20:55:23 Bitcoin Technical Analysis: BTC Faces Volatile Day of Trading and Complex Dynamics

As bitcoin navigates a tumultuous trading range between $60,022 and $65,430, market analysts scrutinize oscillators and moving averages for future price direction clues. The cryptocurrency’s price hovers at around $65,110 on April 19, 2024, reflecting a volatile day for traders after the escalating conflict in the Middle East and ahead of the halving.

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2024-04-19 09:55:16 Coinbase leases larger New York office, abandons Hudson Yards workspace

Coinbase is relocating to a new office in New York, abandoning its Hudson Yards workspace in the process, a source familiar with the matter told The Block. According to the real estate trade publication, the exchange this month signed an eleven-year lease for a 67,208-square-foot space at One Madison in Manhattan's Flatiron District. A source informed The Block that Coinbase will not retain its office at 55 Hudson Yards, which has been leased since 2021.

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