Author: News Room
The next Bitcoin halving is estimated to occur around 20 April 2024. These halving events happen roughly every four years, but the exact date can vary slightly due to minor fluctuations in block creation times on the Bitcoin network. Bitcoin halvings are incredibly significant because they directly impact the rate at which new Bitcoins enter circulation. When the next halving happens, the reward miners receive for successfully validating transactions and adding blocks to the Bitcoin blockchain will be cut in half from the current 6.25 BTC to 3.125 BTC. This mechanism is hard-coded into Bitcoin to enforce its finite supply…
An accelerating bull market usually correlates with an increasing influx of new investors. Short-term holders of Bitcoin (STH) – as the on-chain analysis calls them – join the market during the booming bull market. Driven by the desire for a quick profit, they don’t hold assets for long. However, if Bitcoin price corrects, as in the case of last week’s price action, short-term holders quickly lose ground. Despite this, their behavior and presence in the market are crucial to maintaining a healthy bull market. What Is the Significance of Bitcoin Short-Term Holders? Observing the behavior of Bitcoin short-term holders is…
U.S. presidential candidate Robert F. Kennedy Jr. (RFK Jr.) says cryptocurrency is the “best hedge against inflation.” He stressed that crypto “takes control away from the government and from the monopolistic banking system which uses money printing to shift wealth upward to the oligarchy of billionaires while impoverishing regular Americans.” RFK Jr. Says ‘Crypto Equals […] Read the full article here
Veteran investor Luke Gromen says he sees Bitcoin (BTC) rising over the coming months on the back of a favorable macroeconomic backdrop. In a new interview with crypto journalist Natalie Brunell, Gromen highlights the US government’s nearly $35 trillion debt. With the national debt sitting at record-high levels, the macro expert says there’s nothing the Fed can do to stop the resurgence of inflation, which will ultimately drive investors to seek shelter in store-of-value assets like Bitcoin to preserve their wealth. “I’m super bullish Bitcoin for the next six to 12 months at least, tactically and strategically because whether the…
Bitcoin’s price movements over the weekend have been somewhat underwhelming as the asset has calmed at just over $64,000 after the previous week’s volatility. The altcoins are, in general, also less volatile today, with a few exceptions like Dogecoin, which has surged by around 7%. BTC Calms Last business week started on a highly unfavorable note for the primary cryptocurrency, which had recovered most of the losses from the end of the previous one. The asset stood at $69,000 on Monday but quickly dropped by five grand. Tuesday saw even more declines when BTC slipped to a two-week low of…
The Bitcoin (BTC) price is on the ropes once again, struggling to gain enough bullish momentum. Earlier this Thursday, the largest cryptocurrency slipped below the $65,000 level on major spot exchanges, according to data provided by CoinGecko. Over the past four hours alone, more than $37 million worth of long positions have been liquidated, CoinGlass sta shows. However, short positions are still in the lead by liquidations over the past 24 hours, nearing $120 million. A short-lived bounce On Wednesday, Bitcoin bulls gathered enough strength to convincingly push the price of the largest cryptocurrency above the $67,000 level following dovish…
In a major development, Polyhedra Network has unveiled a groundbreaking method for verifying Zero-Knowledge (ZK) proofs directly on the Bitcoin blockchain. The Polyhedra team discovered a new way to verify Zero-Knowledge (ZK) proofs on. With this, the world’s most popular cryptocurrency’s scalability and efficiency will improve greatly. Our team has developed a novel method for verifying ZK proofs directly on the Bitcoin blockchain, promising significant scalability improvements. 🔍 #Bitcoin #ZKhttps://t.co/ymT1EpLEnr — Polyhedra Network (@PolyhedraZK) March 22, 2024 Polyhedra Network Introduces FRI ZK Proofs for Bitcoin Verification Polyhedra’s breakthrough is crucial to Bitcoin’s history. People are getting more excited about important…
Decentralized physical infrastructure networking (DePIN) is one of the quickest increasing sectors within Web3. It is influencing individuals in more ways than one in the physical world. DePIN takes the help of incentives for encouraging the provision for a framework that boosts computer rendering to EV charging. For example, Helium is constructing a decentralized wireless network that will come with the fastest growth option globally. It is a mobile service provider that provides $20 monthly for 5G connections via its Helium Mobile network. In the words of the CEO of Helium Foundation, Abhay Kumar, it connects the providers with the…
Ethereum, a pioneer in blockchain technology, continues to innovate and improve. With each upgrade, the Ethereum network evolves, addressing challenges and expanding its capabilities. The upcoming Ethereum Pectra upgrade promises significant improvements to scalability, efficiency, and functionality. One of the primary focuses of the Ethereum Pectra upgrade is the adjustment of validator stakes. Currently, Ethereum validators face constraints due to the effective balance cap set at 32 ETH. This limitation not only complicates operations for large-scale staking endeavors but also hampers the accrual of rewards on balances exceeding this threshold. For entities managing numerous validators, such as exchanges like Coinbase,…
The crypto market is back to where it started at the beginning of the week when Bitcoin tumbled to $60,500. Almost all altcoins are languishing in immense selling pressure following an abandoned recovery on Wednesday. Manta Network price, for instance, is trading 17% lower on Friday at $2.89 barely a day after the token climbed $3.2. Read the full article here