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Bitcoin faces potential miner capitulation as hash rate continues to drop

Quick Take CryptoSlate’s analysis sheds light on the anticipated hash rate adjustment, with historical trends indicating a potential 20% decrease post-halving. Past cycles reflect significant hash rate corrections: 39% in 2012, 11% in 2016, and 26% in 2020. As of 2024, we’ve observed a 6% decline so far, taking the hash rate from 649 …

This post was published at CryptoSlate

Empire Newsletter: Why CZ and SBF’s sentencings were so different


They both may be in prison for an overlapping 120 days, but the similarities stop there

This post was published at Blockworks

/ Crypto Currency, Sbf

BlackRock doubles down on tokenization via investment in Securitize


The world’s largest asset manager led a $47 million funding round by a blockchain-focused firm it has worked with before

This post was published at Blockworks

Is Bitcoin price bouncing at 57K? Here's why these levels are key

Bitcoin is lingering near the $57,000 mark into FOMC, but is that the last the market will see when it comes to snap BTC price downside?

This post was published at Cointelegraph

Bitcoin L2s set to explode as Runes congest BTC network

High transaction fees and network congestion from the Runes protocol are increasing demand for Bitcoin layer-2 solutions.

This post was published at Cointelegraph

/ Bitcoin, BTC, Crypto Currency

Bitcoin ETFs endure outflows, totaling $635 million over five trading days

Quick Take Farside data shows that Bitcoin (BTC) exchange-traded funds (ETFs) experienced another outflow of $161.6 million on April 30. Currently, BTC ETFs are seeing a joint record stretch of outflows, with investors pulling money for the fifth consecutive trading day on April 30. Over this five-day period, the total outflow has reached a …

This post was published at CryptoSlate

Anchorage, Arca Labs link up in bid to advance tokenization adoption


The tokenization of real-world assets is set to continue as a ‘defining trend’ for institutional crypto in 2024, Anchorage Digital CEO says

This post was published at Blockworks

/ Crypto, Crypto Currency

FanSociety creator explains how NFTs can bring musicians and fans together

Fans want to journey alongside their favorite musicians as they explore their creativity and expand their catalog. FanSociety hopes to be the Web3 platform that makes this possible.

This post was published at Cointelegraph

/ Crypto Currency, Nft, Society

Tether nets record $4.5B profit in Q1 2024 — majority from Bitcoin and gold

The majority, or $3.52 billion, of the profit stemmed from the firm’s financial gains on Bitcoin and gold, while the additional $1 billion came from operating profits.

This post was published at Cointelegraph

Restrictive OTC regulations for institutions amid Hong Kong ETF launch – BitGo APAC director

Hong Kong has emerged as a key player in the race to become Asia’s premier crypto hub, as it launched the region’s first spot crypto ETFs on April 30 with a day-one inflow of over $130 million across Bitcoin and Ethereum. To gain deeper insight into the implications of this milestone and Hong Kong’s evolving virtual asset …

This post was published at CryptoSlate

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This post was published at What Bitcoin Did

/ Crypto Currency

Chainlink to join Rapid Addition in building blockchain adapter for institutions

Chainlink Labs’ Vince Turcotte told Cointelegraph that they expect digitally-native institutions to be the first to adopt the integration.

This post was published at Cointelegraph

/ Blockchain, Crypto Currency

The reasons Bitcoin price is down 11% since the halving

Bitcoin’s current price action is ‘hardly a surprise’ given the extraordinary bullish action leading up to the fourth halving.

This post was published at Cointelegraph

/ Bitcoin, Crypto Currency

Extradition papers ready for Binance’s Anjarwalla, says Interpol Nigeria

The Interpol official did not confirm if the Binance executive is currently held in Kenya but did say that he was last seen in the country.

This post was published at Cointelegraph

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