After the recent halving event, Bitcoin experienced a dip in price to $62,500, causing concern among traders. However, analysts are still optimistic about a potential rally in the near future. Factors such as financial institutions’ involvement and historical trends suggest that Bitcoin may be poised for a significant surge. The halving event, which reduces mining
Crypto
The recent Bitcoin halving event has had a significant impact on miner revenue, particularly in terms of transaction fees. Following the halving, which occurred last Friday, miner block rewards were reduced by half to 3.125 bitcoins (BTC). This resulted in a sharp decline in daily issuance from an average of 900 BTC to 450 BTC.
Upbit, a leading cryptocurrency platform in South Korea, has established itself as a dominant player in the country’s crypto market. Responsible for over 80% of the trading activity in South Korea, Upbit has also been ranked among the world’s top five exchanges in terms of trading volume. However, the platform’s dominance has raised concerns and
Institutional investors in Canada have shown a significant increase in their exposure to cryptocurrency in the past year, according to a recent survey by KPMG. The consulting firm’s bi-annual survey, titled “Institutional Adoption of Cryptoassets,” received responses from 65 participants, which included 31 institutional investors managing assets over $500 million and 34 financial services organizations.
In the realm of cryptocurrencies, meme coins have been on the rise, especially during the latest bull cycle. The market capitalization of this sector briefly surged past $60 billion, driven by popular assets like Dogecoin (DOGE) and Shiba Inu (SHIB). These two coins alone account for over 60% of the market capitalization, with DOGE and
Recently, the Bitcoin network hit a milestone with its daily transactions peaking at 927,000. This surpasses the previous record set in December 2023, showcasing a surge in interest and utility in cryptocurrencies. The launch of Runes, a new token standard on the Bitcoin blockchain, has played a significant role in driving this increase. Since its
Jabara Igbara, or “Jay Mazini” as he was known on Instagram, once flaunted his status as a crypto millionaire to his nearly one million followers. However, his lavish lifestyle and seemingly generous acts of distributing cash to strangers in grocery stores and airports were all part of a facade. In November 2022, Igbara’s charade came
In the tumultuous world of cryptocurrency, bitcoin (BTC) has experienced significant price fluctuations in recent years. From the bear market of 2022 to the volatile periods of 2023 and 2024, the value of BTC has not been stable. These fluctuations have presented both challenges and opportunities for investors looking to maximize their returns. According to
The cryptocurrency market is seeing a surge in meme coins such as Bonk Inu, dogwifhat, and others, with significant price increases being recorded. However, the leaders of the meme coin sector, Dogecoin and Shiba Inu, are showing more modest gains compared to their counterparts. This disparity in performance among meme coins is indicative of the
In recent reports, it has been revealed that Venezuela’s state-owned oil and gas company PDVSA is planning to accelerate the use of cryptocurrency, particularly USDT, to bypass US sanctions. The company has gradually started integrating USDT for oil sales since 2023. Moreover, PDVSA now has a new policy in place that mandates new customers to