Cryptocurrency

OP_CAT proponents are attempting to meme their own proposal into existence as the ongoing debate surrounding covenants continues. “BIP-420 enables covenants on bitcoin, allowing for smart contracts, secure bridges, on-chain trading, zk proof verification and more,” OP_CAT advocate and co-founder of Taproot Wizards Udi Wertheimer posted late Monday. However, “BIP-420” is not an official Bitcoin Improvement Proposal […]

The fact that the United States has taken an aggressive approach to cryptocurrency regulations — despite giving the green light for Bitcoin ETFs — is basically undeniable. This is particularly true of the Bitcoin mining complex, which has a long history dating back to the earliest days of Bitcoin. Nevertheless, the feds seem hellbent on destroying […]

Imagine a world where the money supply is finite, and there’s no dollars left to print. Sounds bizarre, right? But in the realm of Bitcoin, this scenario is not only possible but inevitable. The Bitcoin network, designed with a finite supply of 21 million coins, just hit a significant milestone: the halving just chopped its […]

Over the course of its 15-year history, Bitcoin (CRYPTO: BTC) has made plenty of millionaires. In fact, data from the blockchain analytics platform Glassnode shows roughly 115,000 wallet addresses with a balance of more than $1 million today. But what are the chances you could one day join this select group? For the patient and […]

Bitcoin (BTC) started the week stable, changing hands above $65,800, as transaction fees have significantly lowered following the halving. On-chain data from Mempool.space shows that medium-priority transactions are now costing $8.48 while high-priority transactions cost $9.32. (Mempool.space) In the initial aftermath of the halving, these fees spiked to over $146 for a medium-priority transaction and $170 for a high-priority transaction. The […]

Bitwise CEO Hunter Horsley has predicted that wealth management firms will increase their holdings of Bitcoin exchange-traded funds (ETFs). The prediction comes at a time when Bitcoin ETFs are expected to gain even more traction after the halving. Horsley’s prediction aligns with the broader market belief that there is increasing demand for ETFs, given that Bitcoin investments in […]

It has now been three months since the first spot Bitcoin (CRYPTO: BTC) exchange-traded funds (ETFs) launched. In that time, they have managed to accumulate more than $30 billion in assets. They have become an easy and convenient way for first-time crypto investors to get exposure to Bitcoin. Arguably, these spot Bitcoin ETFs have become the biggest, new, Wall […]

Bitcoin users have spent a staggering 37.7 Bitcoin in fees — worth just over $2.4 million at current prices — to nab their share of limited space on the fourth-ever Bitcoin halving block. At 12:09 am UTC on April 20, Bitcoin miner ViaBTC produced the 840,000th block, triggering the automated protocol that cuts miner rewards […]

Cryptocurrencies fell heavily and bitcoin broke below $60,000 on Friday in a rush out of risky assets following reports of an Israeli missile strike on Iran. Bitcoin slid more than 5.5% to $59,961 in the Asia session as the U.S. dollar rose broadly. Ether fell by a similar margin, dropping below the $3,000 barrier to […]

The Bitcoin network on Friday evening completed its fourth “halving,” reducing the rewards earned by miners to 3.125 bitcoins from 6.25. The price of bitcoin has been volatile ahead of the event, and fell about 4% this week to trade around $64,100, according to Coin Metrics. Mechanically, the halving itself shouldn’t affect the price of […]