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2024-04-20 18:39:57 Tether brings USDT and gold stablecoins to the TON blockchain

Stablecoin issuer Tether is launching its U.S. dollar-backed USDT and gold-backed XAUT stablecoins on The Open Network blockchain. USDT on TON will go live on April 20, and XAUT on TON will follow in the coming months, Tether CEO Paolo Ardoino told The Block. While USDT is available on over a dozen blockchains, TON is the second blockchain XAUT is expanding onto after Ethereum, Ardoino said.

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2024-04-20 10:05:19 Halving Milestone: Block 840,000 Mined, Ushering in a New Chapter as Bitcoin Miners Face Shrinking Rewards

Bitcoin’s latest halving event occurred at block 840,000 which was mined by Viabtc on Friday evening. Additionally, the mining pool SBI Crypto unearthed the final 6.25 BTC block reward at block height 839,999. Starting with block 840,000, the reward has been reduced to 3.125 BTC per block. The mined block also achieved a whopping 37.626 BTC in transaction fees.

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2024-04-20 06:29:51 Bitcoin network completes the fourth-ever ‘halving’.

The Bitcoin network completed its fourth "halving," reducing the rewards earned by miners to 3.125 bitcoins from 6.25.

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2024-04-19 19:40:33 Bitcoin soars to $65,000 as Israel-Iran sparring looks to conclude

Bitcoin’s price momentarily exceeded $65,000 as the market reacted to seemingly reducing geopolitical tensions between Israel and Iran. During the past week, the crypto industry slumped amid escalating tensions in the Middle East and plunged again in the early hours as news broke of Israel’s retaliation on Iran. However, following the muted response from Iran and tempered action from Israel, this morning saw a turnaround as the broader crypto market rose by more than 4%.

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2024-04-19 08:50:25 Kraken acquires online brokerage TradeStation's crypto arm amid U.S. expansion

Kraken has acquired the cryptocurrency arm of online brokerage TradeStation. The acquisition is part of the exchange's push to broaden its services in the U.S., a Kraken representative said in a statement to The Block. Kraken's stateside growth forms part of the company’s broader expansion strategy that has seen the exchange pick up licenses in several key European markets, such as Spain and Ireland, earlier this year.

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2024-04-18 19:10:00 Bitcoin to Hit $122,000 in 2024, Predicts Finder’s Latest Survey of Experts

Finder’s latest survey on bitcoin’s (BTC) price involved a unique panel of 31 crypto and fintech experts. The results suggest that BTC could reach a peak of $122,000 in 2024, and then settle at $109,000 by year’s end. Nick Ranga, the senior crypto and forex analyst at Forextraders, attributes the current uptick in BTC’s value to growing institutional engagement. Ranga is among those experts who foresee BTC reaching its zenith once more in 2024, ultimately closing the year around the $100,000 mark per unit.

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2024-04-18 09:20:15 Ethereum Is More Correlated To Stocks Than Bitcoin: IntoTheBlock

According to recently published data from IntoTheBlock, the correlation between ETH and several traditional market indexes is now far higher than those between its larger rival, Bitcoin (BTC), and the same markets. The firm’s figures show a correlation coefficient of 0.7 between ETH and the DAX – a stock index tracking 40 over the largest and most liquid German companies traded on the Frankfurt exchange. The equivalent correlation for BTC is 0.63. ETH’s correlations to both indexes are 0.77 and 0.7 respectively, versus Bitcoin’s 0.56 and 0.44 correlations.

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2024-04-17 21:04:58 Buy Bitcoin Miners Ahead of the Halving, Bernstein Says

The “miner fear factor” is at its peak ahead of the imminent halving, and investors should buy outperform-rated Riot Platforms (RIOT) and CleanSpark (CLSK) because the market will reward these companies for their superior execution and for being market leaders by self-mining hashrate, broker Bernstein said in a research report on Wednesday.

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2024-04-17 10:15:18 Bybit Report Suggests Bitcoin Exchanges to Run Dry in 9 Months

As the crypto landscape evolves, a significant tightening in bitcoin’s available supply on exchanges has emerged, hinting at just nine months of reserves left. Bybit’s latest halving report unveils the reasons behind this tightening grip, indicating a looming scarcity that could reshape market dynamics.

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2024-04-16 20:45:36 Grayscale's GBTC reaches its own halving, down 50% in bitcoin holdings since spot ETFs launch

Grayscale’s GBTC bitcoin holdings have halved in around three months since the U.S. spot bitcoin exchange-traded funds launched on Jan. 11. In contrast to the newborn nine ETFs from BlackRock, Fidelity and others, Grayscale’s pre-existing Bitcoin Trust was converted into an ETF rather than launching from a standing start — holding around 619,220 when spot bitcoin trading began.

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