Author: Crypto News
Last updated: April 17, 2024 21:44 EDT | 5 min read The Lightning Network empowers small-scale Bitcoin miners with instant, low-cost payouts as the halving approaches. Momentum around Bitcoin (BTC) continues to build as the Halving Event quickly approaches, and the Lightning Network is playing an important role in supporting small-scale miners. Bitcoin miners, in particular, have been paying close attention to how this year’s halving may impact operations.For instance, as mining rewards decrease due to the halving, miner efficiency has become more important. As a result, large-scale miners have been seeking energy-efficient ways to carry out operations. The halving will also…
Last updated: April 17, 2024 19:30 EDT | 1 min read A Ukrainian lawmaker is set to stand trial after allegedly trying to bribe a government official with $10,000 worth of Bitcoin, anti-corruption officials said on April 16.The case centers around serving lawmaker Andriy Odarchenko. In a Telegram post from the National Anti-Corruption Bureau of Ukraine (NABU), the nation’s anti-corruption agency said it had sent the case to the High Anti-Corruption Court (VAKS).Ukrainian Lawmaker ‘Offered Official $50k’ in BTCOdarchenko is an MP for the Kharkiv Oblast constituency. He represents the ruling Servant of the People Party.In November last year, NABU…
Last updated: April 17, 2024 18:20 EDT | 2 min read Emerging stablecoin Ethena (USDe) poses unique risks for holders compared to other dollar-denominated tokens, argued CryptoQuant in a new report on the matter.The Unique Risks Of Ethena (USDe)Boasting a market cap of over $2.3 billion today, Ethena emerged in late February and quickly became the fastest-growing stablecoin in history. One of its most attractive features is that it generates yield for its holders, unlike leading stablecoins whose issuers keep all profits for themselves.However, the same mechanism that pays holders with returns also gives the protocol’s business model a hint…
Last updated: April 17, 2024 17:52 EDT | 2 min read Justin Sun’s latest Tether transfer adds to a recent surge in large-scale crypto whale movements. On April 17, blockchain investigator Lookonchain revealed a large transfer of USDT to Binance by Tron Founder Justin Sun. This move follows a pattern of USDT deposits to Binance and ongoing Ether acquisitions by Sun.Justin Sun Continues Whale Deposits of Tether’s USDTLookonchain’s post on X detailed the transfer of $196 million worth of USDT from Huobi to a Binance wallet address by Justin Sun. This transfer occurred in three separate batches: $40 million, $56…
Last updated: April 17, 2024 17:31 EDT | 2 min read Bullish momentum returns to the cryptocurrency market as prices start pushing upward. What is the best crypto to buy now? On another bearish day in the crypto market that saw Bitcoin (BTC) knocking on the door of the $60,000 level and Ether (ETH) at the $3,000 level, crypto investors are scouring altcoin markets for coins that might be the best crypto to buy now.The near-term outlook for major cryptocurrencies is downbeat due to recent bearish macro developments. Additionally, the upcoming Bitcoin halving has the potential to be a “sell-the-news”…
Last updated: April 17, 2024 16:12 EDT | 2 min read Following FTX’s collapse and amidst ongoing legal challenges, FTX Europe’s future hangs in the balance as CySEC extends its license suspension. Following FTX’s collapse, the Cyprus Securities and Exchange Commission (CySEC) extended the suspension of FTX Europe’s license until September 2024.CySEC Directive Requires FTX Europe to Fulfill Obligations Amidst Legal ChallengesAs per the CySEC directive, the extended suspension prohibits FTX Europe from offering investment services, entering new business transactions, advertising its services, or accepting new clients until September 2024.This directive compels FTX Europe to focus on fulfilling its existing…
Last updated: April 17, 2024 15:23 EDT | 3 min read Bitcoin Price PredictionAs Bitcoin trades at $61,577, down by approximately 2.50% with a $42 billion trading volume over the last 24 hours, market watchers are paying close attention.Riot Platforms and CleanSpark Poised for Growth Amid Bitcoin Halving, Says BernsteinAhead of the upcoming Bitcoin halving, the “miner fear factor” is at an all-time high, driving investor focus towards Riot Platforms (RIOT) and CleanSpark (CLSK). Bernstein, in a recent research note, highlighted these companies as top picks, applauding their exceptional performance and leadership in self-mining hashrate.Despite Bitcoin mining stocks lagging behind…
Last updated: April 17, 2024 15:22 EDT | 2 min read The Reserve Bank of New Zealand is exploring the potential of a central bank digital currency (CBDC), known as “Digital Cash,” to address declining cash usage and foster innovation in the payments sector. The Reserve Bank of New Zealand (RBNZ) has begun its public consultation on “Digital Cash,” a proposed central bank digital currency (CBDC), as disclosed in a consultation paper released by the central bank on April 17.The consultation is in its second stage and will last 101 days, between April 17 and July 26. After feedback and…
Last updated: April 17, 2024 14:54 EDT | 4 min read Crypto Investors are Moving Funds into This Virtual Reality Project Before it Lists on Exchanges – What Does it Do? / Source: Cryptonews As cryptocurrency markets dip amid growing macro headwinds and as sentiment wanes amid slowing spot Bitcoin ETF inflows, crypto investors are moving funds into an exciting new virtual reality project called 5thScape (5SCAPE) ahead before it lists on exchanges.Bitcoin (BTC) is probing for a potential near-term break under $60,000. Ether (ETH), meanwhile, is knocking on the door of a possible break below $3,000. Both are down…
Last updated: April 17, 2024 12:15 EDT | 2 min read Upbit, one of South Korea’s largest cryptocurrency exchanges, has temporarily suspended deposits and withdrawals exceeding 1 million Korean won ($721).This decision, outlined in an official statement released today (April 17), follows modifications to the operations of Ten&Ten, a local VASP facilitating high-value transactions.Upbit Halts High-Value Transactions Following Ten&Ten Service SuspensionEffective immediately, Upbit has announced the suspension of processing deposits and withdrawals exceeding 1 million Korean won. This decision is attributed to the recent suspension of Ten&Ten’s Travel Rule Solution service, a crucial component that enabled Upbit to facilitate high-value crypto…