Crypto news

Bitcoin miners are beginning to feel the adverse effects of the latest halving, with industry revenues at their lowest point since early 2023. The tighter profit margins raise questions about which industry firms can stay afloat during Bitcoin’s next halving epoch, as well as how Bitcoin’s market price might be impacted. Steep Decline In Miner Revenue According to data shared by on-chain analytics platform CryptoQuant, Bitcoin’s “Puell Multiple” plummeted sharply immediately...

While Bitcoin has been recognized as a commodity, the same cannot be said for Ethereum’s status, which has been more ambiguous due to its initial coin offering (ICO) in 2014. However, a new report suggests that the Securities and Exchange Commission (SEC) and its chairman, Gary Gensler, seem to have believed that Ethereum is an unregistered security for a long period of time. SEC and Gensler’s Beliefs Exposed According to the latest FOX report, court documents filed by...

CoinspeakerSolana-Based Meme Coin Bonk Killer Hits $328T Market Cap to Trap Investors Bonk Killer amassed a market value swiftly. Howeve­r, this growth halted abruptly when traders found the­y couldn't sell their tokens. Solana-Based Meme Coin Bonk Killer Hits $328T Market Cap to Trap Investors

[PRESS RELEASE – Santa Clara, California, April 30th, 2024] CARV, the largest modular data layer for gaming and AI, today announces its highly anticipated debut node sale. This is another major milestone towards CARV’s mission to maximize data innovation while ensuring individuals can share the value created in a user-owned internet. Starting May 13, users worldwide can become part of CARV’s decentralized data network, contributing to the redistribution of value and earning...

CoinspeakerBinance France: CZ’s Conviction Puts EU Access at Risk Although the AMF extended its transitional period for compliance to December 2025, which allows Binance to operate in France until then, beyond this point, a MiCA license will be required to maintain EU market access. Binance France: CZ’s Conviction Puts EU Access at Risk

CoinspeakerIndonesia’s Election Results Could Boost Crypto, Say Observers Indonesia conducted its presidential election in February 2024, with Subianto and  Rakabuming emerging winners. During the presidential campaign, both Subianto and Rakabuming declared their support for the crypto economy. Indonesia’s Election Results Could Boost Crypto, Say Observers

According to Glassnode data, Runes transactions generated $117 million in cumulative Bitcoin network fee revenue post-halving, with $62.4 million amassed on the day of the halving itself. However, this rise proved to be short-lived, recent data reveals that on April 28, Runes transactions only contributed $1.03 million in fees. Runes Dominates Bitcoin Network Post-Halving On April 20, the day of the halving, transaction fees within the Bitcoin network saw a notable spike....

TL;DR Despite the recent market downturn and XRP’s price falling below $0.50, analysts like Dark Defender predict it could still reach highs of over $5 if key support levels are maintained. The outcome of the ongoing legal battle between Ripple and the SEC remains a critical factor for the asset’s future prospects, with recent court activities adding to the case’s complexity. XRP Goals Remain Unchanged Ripple’s XRP is among the severely-affected cryptocurrencies during the...

After experiencing a significant plummet, Ripple broke below its multi-month ascending trendline and retraced toward the breached level, completing a pullback. This price action suggests a bearish sentiment in the market, potentially leading to a continuation of the downward retracement. By Shayan The Daily Chart Upon thoroughly examining the daily chart, it’s apparent that XRP underwent a substantial decline below the multi-month ascending trendline, subsequently moving...

CoinspeakerGrayscale Shifts Over 4000 BTC to Coinbase Worth $245M Grayscale’s move to shift over 4000 BTC to Coinbase follows the steady fall in BTC price today. Grayscale Shifts Over 4000 BTC to Coinbase Worth $245M