Bitcoin’s much-anticipated “halving” event has left little impact on its price trajectory, as market observers point to broader economic factors and geopolitical tensions shaping the cryptocurrency’s movements. The halving, a fundamental shift in Bitcoin’s technology that reduces the rate of new bitcoin creation, occurred over the weekend. While some enthusiasts anticipated a price surge similar to past halving events, the market response has been muted. As of Monday afternoon GMT, Bitcoin traded at $66,300, showing modest gains amidst a landscape dominated by geopolitical uncertainties. Mic ..read more

Market volatility has led to over $152 million in cryptocurrency liquidations over the past day, with the wider cryptocurrency market witnessing over $290 million in liquidations within the same period. Of these liquidations, approximately $154 million were from long positions. Bitcoin’s liquidations soared to over $108 million as the asset dipped below the $60,000 mark before rebounding. Presently, it struggles to maintain its position above $64,000. Coinglass data reveals that liquidations were almost evenly split between bitcoin longs and shorts, totaling just over $54 million and $53 mill ..read more

Tether announced its intention to enhance peer-to-peer payments on Telegram by extending its dollar-pegged USDT and gold-backed XAUT tokens to the TON network, catering to Telegram’s vast user base 900 million. Originally initiated by Telegram, the TON network has experienced rapid expansion, fueled by incentives to onboard Telegram users. Tether, the entity behind the $108 billion market cap USDT, disclosed plans to integrate the dollar-pegged stablecoin and its gold-backed counterpart XAUT natively on The Open Network (TON), a blockchain closely associated with the messaging app Telegram. T ..read more

Bitcoin’s forthcoming ‘halving’ is on the horizon, prompting a need-to-know exploration. Here’s a breakdown of what awaits: What is Bitcoin Halving and Why Is it Significant? Bitcoin “halving,” occurring approximately every four years, directly affects bitcoin production. Miners, utilizing specialized computers to solve complex mathematical puzzles, receive a fixed number of bitcoins as a reward upon completion. As the name suggests, halving cuts this fixed income in half, thereby reducing the influx of new bitcoins into the market. Consequently, the supply of available coins grows more gradu ..read more

Bitcoin bounced back from sharp losses triggered by escalating geopolitical tension, regaining ground as the situation eased. After plummeting over 6% to $59,643 earlier on Friday, the digital asset stabilized around $64,450 as of 8:53 a.m. in London. Other cryptocurrencies like Ether, Solana, and Dogecoin also found stability. Israel’s retaliatory strike on Iran, following Tehran’s recent rocket and drone attacks, rattled global markets. However, reports reassuring the safety of nuclear facilities in Isfahan helped alleviate some concerns. Traditional safe-haven assets like bonds, gold, and ..read more

Coinbase, the prominent cryptocurrency exchange, is making a strategic move by relocating its New York office from Hudson Yards to One Madison in Manhattan’s Flatiron District. The decision comes as part of a larger plan to expand its workspace, according to a source familiar with the matter who spoke to The Block. The Commercial Observer recently reported on Coinbase’s new rental agreement, which entails an eleven-year lease for a 67,208-square-foot space at One Madison. This marks a significant upgrade from its previous office at 55 Hudson Yards, which the company has leased since 2021. Whi ..read more

Crypto exchange Binance is reportedly contemplating a comeback to India’s market after being banned in late 2023, with the potential re-entry subject to a penalty of around $2 million, as per the Economic Times report on Thursday. The platform’s prospective return hinges on its registration with the finance ministry’s Financial Intelligence Unit (FIU), responsible for overseeing virtual asset commerce. Binance intends to comply with relevant legislation, including the Prevention of Money Laundering Act (PMLA) and the crypto taxation framework, after previously neglecting these regulations, ac ..read more

BlackRock’s (NYSE:BLK)iShares Bitcoin Trust (NASDAQ:IBIT) is closing in on Grayscale’s dominance in the Bitcoin trust market, with impressive growth despite minimal inflows. According to data released on April 17, IBIT holds a significant market share of 32.6%, just trailing behind Grayscale’s Bitcoin Trust with 36.8%. IBIT’s remarkable rise began since its approval on January 10, amassing $19 billion worth of Bitcoin, showcasing over 10,200% growth. With 272,550 BTC valued at $16.8 billion, IBIT needs about $2.2 billion more to match Grayscale’s holdings. The decline in Grayscale’s market s ..read more

Social media indicators are signaling a shift toward bearish sentiment among cryptocurrency enthusiasts regarding the future trajectory of Bitcoin’s price. Historically, periods of bearish sentiment in the crypto community have often coincided with market bottoms, reflecting a sentiment that aligns with American poet and novelist Charles Bukowski famously asserted that the masses are consistently mistaken, and true wisdom lies in taking actions divergent from the crowd.  This principle applies to Bitcoin as well, as the current prevalence of bearish sentiment suggests the possibility of ..read more

Cryptocurrency exchange Kraken has acquired TradeStation Crypto, the digital asset-focused division of online brokerage TradeStation, to expand its regulatory licensing and presence in the United States. TradeStation Crypto, based in Florida, has obtained money transmitter and other regulatory licenses across most U.S. states in recent years. Kraken’s acquisition of TradeStation Crypto marks a strategic step to accelerate its growth and introduce new product offerings in the U.S. market. A spokesperson for Kraken confirmed the acquisition, stating that it aligns with the company’s objectives ..read more