Bitcoin’s current price stands at $64,520, marking a decline of around 1.65%. This adjustment occurs amid broader market uncertainties but also as the crypto community turns its attention to the forthcoming Bitcoin halving event. This significant moment is anticipated not only for its immediate impact on mining rewards but also for its potential long-term influence...
Andreas Brekken, the founder of SideShift.ai, a platform offering direct-to-wallet trading, sat down (in his hammock) for an exclusive interview with the Cryptonews Podcast. Talking with host Matt Zahab, Brekken recalled how difficult it was for people to buy BTC in 2011, noting that the ease of purchase today contributes to its adoption. He remarked...
Crypto derivatives exchange BitMEX’s Bitcoin perpetual swap XBTUSD is now offering 250x leverage, up from 100x, ahead of Bitcoin halving. The significant increase comes following requests from traders to profit from the anticipated volatility as halving approaches, the company said in a release shared to Cryptonews. A perpetual swap is a type of derivative trading...
Galactic Group to launch AAA Web3 game publisher in the United Arab Emirates (UAE) with the backing of world-class talent from Hollywood and the gaming industry. The recently established business, known as Galactic Entertainment Publishing, is the first division of parent company Galactic Group. It is the brainchild of industry visionary Loren Roosendaal, who intends...
Bitcoin’s fourth halving event is imminent and will occur just after midnight UTC on April 20 (8 pm ET today), which will reduce the block subsidy reward for miners from 6.25 BTC to 3.125 BTC per block, potentially impacting the cryptocurrency’s price and mining operations. Bitcoin halvings occur automatically every 210,000 blocks or approximately every...
The United States Securities and Exchange Commission (SEC) has edited its Tron lawsuit against Justin Sun and his crypto companies, Tron Foundation, the BitTorrent Foundation, and Rainberry, following his attempted dismissal of the litigation late last month, amended court docs filed on Thursday reveal. Tron Lawsuit Edited After Justin Sun’s Attempted Dismissal In the updated...
Veteran trader Peter Brandt suggested the probability of an upward price trajectory for Bitcoin on April 18, citing recurring patterns in its market behavior. His analysis showed that Bitcoin prices tend to follow a repeating pattern, suggesting a bullish trajectory. Peter Brandt Bitcoin Price Prediction Entails Three Phases The seasoned trader analyzed Bitcoin’s market behavior...
A member of the Securities and Exchange Commission (SEC) who is emphatically critical of Bitcoin and crypto may lose her spot at the agency’s high table on June 5, government records suggest. Per the SEC’s website, Commissioner Caroline A. Crenshaw was sworn into her position alongside Commissioner Hester M. Peirce (aka “Crypto Mom”) on August...
Binance co-founder He Yi provided insights into Changpeng Zhao’s (CZ) legal situation at a Dubai event on April 19, expressing optimism despite his upcoming sentencing in the United States. This follows CZ’s plea deal, which resulted in his departure from Binance and the company’s substantial $4.3 billion forfeiture. While there’s potential for a sentence of...
The Mango Markets hacker, Avraham Eisenberg, was found guilty on Thursday in a Manhattan federal court for orchestrating a scheme that resulted in the theft of approximately $110 million from the Solana-based DeFi platform. Prosecutors argued that Eisenberg orchestrated a complex exploit on the platform, leading to substantial financial losses. Eisenberg, who has been in...