Author: News Room

According to February 2024’s latest inflation data, Turkey faces an inflation rate exceeding 67%, amid ongoing currency devaluation and a declining lira against the U.S. dollar. Recent findings suggest that in an effort to safeguard their wealth, Turks are increasingly turning to gold, with smuggling hitting unprecedented levels. Additionally, there is a growing interest among […] Read the full article here

SkyBridge Capital founder Anthony Scaramucci is optimistic that demand for Bitcoin (BTC) will continue to increase in the coming years. In a new interview at the Bitcoin Investor Day conference in New York City, Scaramucci says the $84 trillion great wealth transfer from the baby boomers to the younger generation will have a bullish impact on Bitcoin. The Wall Street veteran notes that 25-year-old investors today already have “a lot of Bitcoin” while their older counterparts own just “a little bit” of BTC, suggesting that demand for the flagship digital asset will ramp up in the coming years as new…

All eyes are on the upcoming Bitcoin halving scheduled for mid-April 2024, which will reduce the rewards granted to miners for validating transactions by half. This will mark the fourth occurrence of a halving event in Bitcoin’s history. Although the market is currently experiencing a downturn, Bitcoin has seen significant growth of more than 150% since mid-October last year. According to the latest “handbook” by Coinbase, this strong performance will continue up to and after the upcoming halving. Coinbase Warns of Limited Historical Evidence Even though there’s a chance the halving could positively influence Bitcoin’s performance, Coinbase pointed out that…

Bitcoin Cash (BCH) has successfully implemented the CHIP-2023-04 Adaptive Blocksize Limit Algorithm on chipnet, addressing an economic vulnerability dating back to 2010. This update automatically adjusts the block size limit of BCH, optimizing infrastructure costs during varying network usage levels. While the Bitcoin community is eagerly awaiting the upcoming halving event, the first hardfork version of Bitcoin Cash (BCH) is also gearing up for a major update. The May 2024 upgrade for Bitcoin Cash (BCH), known as CHIP-2023-04 Adaptive Blocksize Limit Algorithm, has been successfully activated on chipnet at block number 174519. This upgrade addresses an economic vulnerability introduced in…

Coin98, the leading multichain crypto wallet, has announced the integration of Conflux eSpace Network into its latest Mobile App and Extension. Conflux eSpace is a blockchain ecosystem on the Conflux Network. This marks a significant milestone towards unified crypto experiences for over 9M users. Coin98 is making continuous improvements with new integrations. It has improved user experience significantly with its recent integration of Linea. Coin98 Super Wallet now integrates Conflux eSpace – a fully EVM-compatible chain of @Conflux_Network with a much lower gas fee and higher TPS than Ethereum.Coin98 users can not only create/ restore Conflux wallets but can also…

In a recent exchange on social media, Justin Bons, a prominent figure in the cryptocurrency industry, addressed criticisms of the Solana blockchain, urging a more nuanced understanding of the platform’s evolution. Bons acknowledged historical critiques of Solana (SOL) but emphasized the need to recognize the platform’s advancements and current capabilities. He encouraged critics to update their perspectives, noting that Solana has undergone significant development since its inception in 2020 and what may be called a renaissance in 2023. Responding to concerns raised by another participant in the discussion, Bons clarified that he does not advocate ignoring Solana’s flaws. Instead, he…

The asset management giant BlackRock’s (BLK) clients have “a little bit” interest in Ethereum, compared to bitcoin (BTC), head of digital assets Robert Mitchnick said. “I can say that for our client base, bitcoin is overwhelmingly the number one focus and a little bit Ethereum,” he said during a fireside chat at the Friday Bitcoin Investor Day conference in New York. For every other crypto asset, he said, demand is “very, very little.” Perhaps it’s only fitting that when asked about if BlackRock will be launching an exchange-traded fund (ETF) related to memecoin dogwifhat (WIF) anytime soon, Mitchnick said he…

The European Union Parliament has taken a significant step by outlawing unidentified self-custody crypto wallets for making payments across the region. A recent social media post by Patrick Breyer, an EU Parliament member, revealed that the ban received approval from most of the parliament’s leadership committee on March 19. This move is part of the EU’s broader anti-money laundering (AML) legislation. How Europe’s New AML Regulations Impacts Crypto The new regulations ban all anonymous crypto payments and cash transactions above certain limits. Specifically, they prohibit cash payments exceeding €10,000 or anonymous cash transactions beyond €3,000. The ban also targets self-custody…

Bitcoin exchange-traded funds (ETFs) have significantly impacted the crypto market since their debut in January. Even marker observers have been impressed with the record performance of these financial products. However, Grayscale’s Bitcoin Trust (GBTC), one of the prominent products, has experienced consistent outflows, sparking concerns about its future trajectory. Grayscale’s GBTC Bitcoin Reserve Depletes Arkham Intelligence, a blockchain analytics firm, has forecasted that GBTC could deplete its Bitcoin reserves within the next 96 days if the current rate of redemptions persists. Since its conversion into a spot Bitcoin ETF in January, Grayscale’s Bitcoin balance has plummeted by 266,470 BTC. This…

In recent weeks, Bitcoin.com News has chronicled the significant number of dormant bitcoin addresses that have sprung to life in March after years, if not a decade, of inactivity. Similarly, we’ve observed a resurgence of activity from older ethereum addresses. This Saturday highlighted a noteworthy event: an individual who took part in the Ethereum initial […] Read the full article here