Crypto Financial News

Bitcoin, a once-every-four-years software update called the «halving» has long been held as one of the keys to propping up its value. This time around, it's also set to trigger multibillion-dollar declines in revenue for the very companies that ensure the digital currency's smooth functioning, right on the heels of a surge in their biggest costs. Around April 20, the halving will cut the amount of Bitcoin that «miners» can earn each day for validating transactions to 450 from 900 now. Based on Bitcoin's current price, it could spell revenue losses of around $10 billion a year for the industry as a whole. Marathon Digital Holdings, CleanSpark, and other miners, which compete for a fixed Bitcoin reward by solving mathematical puzzles using superfast computers, have invested in new equipment and sought to buy smaller rivals in an attempt to cushion the drop-off in revenue.

Ethereum (ETH) is classified as a security, a spot Ethereum exchange-traded fund (ETF) might still be possible. The recent launch of several Bitcoin ETFs by the U.S. Securities and Exchange Commission (SEC) was a positive step for the crypto industry, offering investors a clearer path to participate in the virtual digital asset class. This regulatory progress has fueled optimism within the crypto space, with many anticipating a similar green light for Ethereum ETFs in the near future. The success of Bitcoin ETFs, alongside the ongoing price rally, has undeniably instilled a sense of excitement about the potential of Ethereum and the broader blockchain landscape.

Bitcoin halving events have historically provided global investors with successive bullish momentum that have often resulted in all-time high levels. As the Bitcoin halving event in 2024 approaches on April 19, questions have been raised about whether the market will repeat itself once again or not. Investors are waiting eagerly for the appropriate moment to invest in the world's largest cryptocurrency, with lingering questions about whether it would be the right time to invest. Bitcoin price action history suggests that similar to the halving events of the past, the halving event on April 19 could provide an opportunity for investors to invest their capital in the cryptocurrency. It showed a steep climb from $42,000 at the beginning of the year to $72,000 on March 12 to establish a brand new all-time high level. The development came only a week after it had toppled the 2021 all-time high of $68,729. During this time, the US Federal Reserve maintained the interest rates. However, the rates are expected to be slashed in the later months of 2024.

crypto enthusiasts. Bitcoin has registered seven green months in a row and is aiming to do one better in April – its halving month. The current pullback and consolidation is likely a healthy flush out needed to push for the next leg up. Ethereum, Solana and other top altcoins have registered considerable gains but are still off their all-time highs of 2021 whereas Bitcoin has registered new highs this year.

Bitcoin investors facing pronounced swings in Asia may be grappling with the fallout of automated trading protocols reacting to flows data for US exchange-traded funds holding the cryptocurrency. Daily figures on the level of demand for these spot-Bitcoin ETFs propagate across the crypto market in Asian hours following the close of US share trading. On Tuesday, the digital asset embarked on its worst drop in a month in the Asian morning as the flows numbers pointed to investors pulling money out.

Investors are often grappled with a crucial question — is the market ripe for opportunity or is it on the precipice of a downturn? To determine this, one of the pieces of the puzzle is the ‘Crypto Fear and Greed Index’. This nifty tool is an investor behavioral barometer that measures market sentiment, giving investors a glimpse into the collective emotions of crypto investors.

Crypto entrepreneur Sam Bankman-Fried was sentenced Thursday to 25 years in prison for a massive fraud on hundreds of thousands of customers that unraveled with the collapse of FTX, once one of the world's most popular platforms for exchanging digital currency. Though he described Bankman-Fried as «extremely smart,» U.S. District Judge Lewis A. Kaplan delivered a blistering analysis of Bankman-Fried and his crimes before announcing a sentence that was half of what prosecutors sought and less than a quarter of the 105 years recommended by the court's probation officers.

Binance said on Monday customers would no longer be able to deposit and withdraw the dollar-pegged stablecoin USDC using the Tron blockchain network. Stablecoins are digital tokens that are designed to keep a constant value and are backed by traditional currencies. A stablecoin can be based on various different blockchains.

ETMarkets Emerging Investment Opportunities' event, held in collaboration with Mudrex, concluded on March 20, 2024, in Bengaluru, marking a successful gathering of investment advisors, mutual fund advisors, equity traders, wealth advisors, and distributors of wealth products. This event served as a platform for participants to glean insights into diversification, risk management, and cryptocurrency prospects from esteemed wealth experts. With the vision of India's Amrit Kaal, an era promising significant growth and attracting 14 crore new investors, 'ETMarkets Emerging Investment Opportunities' provided a comprehensive platform to explore diverse asset classes beyond traditional equities.

crypto universe, Bitcoin’s (BTC) fourth halving event (expected around April 18) stands out as a pivotal moment. It augments the functioning of Bitcoin’s economic model wherein a calibrated reduction in mining rewards leads to a supply crunch. This event, occurring approximately every four years, is not only a procedural milestone but also a change that influences BTC’s scarcity, thereby impacting its value and the broader investment landscape. It is even more pertinent given the approval of Bitcoin spot ETFs in the US earlier this year. Bitcoin is already in a price discovery mode after breaching $72,000 this week. This is the first time that BTC hit an all-time high even before the halving. This bullish market sentiment can even extend into late next year giving a portfolio boost to all crypto investors.

Bitcoin’s record-breaking rally appears to be creating around 1,500 new “millionaire wallets” daily, according to crypto analytics firm Kaiko Research. The wallets are digital addresses on the Bitcoin blockchain, in which users can store cryptocurrency. Data such as the number of tokens a wallet holds is accessible since the network is public and not controlled by any centralized intermediaries. However, the addresses are anonymous, making it hard to distinguish whether they’re controlled by individuals or entities.

Bitcoin raced to an all-time peak above $72,000 Monday as the world's most popular cryptocurrency won further support on greater trading accessibility and dollar weakness. The virtual unit struck $72,234 as dealers also eyed an upcoming industry event that traditionally boosts bitcoin's price.

Launched in 2015, Ether, also known as Ethereum, is by far the second-largest digital currency in terms of total value, now estimated at over $460 billion.

Bitcoin rallied to a record high on Friday in volatile trade, as crypto mania continued to sweep through the investment community. The leading cryptocurrency topped the $70,000 mark for the first time, boosted by investor demand for new U.S. spot exchange-traded crypto products and expectations for global interest rates to fall.

meme coins has spiked on Indian cryptocurrency exchanges, taking a cue from a resurgence in the global crypto market where the blue-chip Bitcoin and Ethereum currencies have scaled to new record highs after a year and half of falling prices. Popular meme coins such as Shiba Inu (SHIB), Dogecoin, Floki, Vita Inu, Doge Bonk and PepePAD accounted for around half the total trading value of $113 million on the top three Indian crypto exchanges in the 24 hours till 7 pm Tuesday, according to data from global crypto data platform CoinMarketCap.

Bitcoin touched a record high on Tuesday, fueled by investors pouring money into U.S. spot exchange-traded crypto products and the prospect that global interest rates may fall. The world's largest cryptocurrency hit a high of $69,202, topping November 2021's all-time peak of $68,999.99. Investor interest has increased since the Securities and Exchange Commission approved 11 spot bitcoin ETFs in late January. It then reversed course and was recently down around 7% at $63,400.

Tether toasts $100 billion in circulation this week, the rapid rise of the world's biggest stablecoin has highlighted concerns about potential risks to wider financial markets. The digital dollar-pegged token is designed to keep a constant value, something Tether says that it does by holding dollar-denominated reserves for every token it creates.

Bitcoin rallied to a two-year high on Monday, breaking above $65,000 as a wave of money carried it within striking distance of record levels. The price hit a session high of $65,537 early in Europe, having already hit a new two-year high in Asian trading. It was last up 4% at $65,045. Bitcoin hit a record $68,999.99 in November 2021.

Bitcoin advanced for a fifth straight day, putting the biggest cryptocurrency on track for its biggest monthly gain since October 2021. Bitcoin rose as much as 4.1% to $59,053 on Wednesday at 8:50 a.m. in London. It has risen on all but eight trading days so far in February, rallying 39% for the month.

Portofino Technologies has announced that its UK entity received the regulatory permit to act as a registered crypto asset firm.

Nigeria’s crypto community has slammed the recent anti-industry stance of a government that previously lifted the ban on crypto trading.