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📣 Goldman Cautions Against Extrapolating Previous Bitcoin Halving Cycles for Price Predictions

Bitcoin's fourth mining-reward halving is just two days away. The quadrennial event will reduce BTC's per block emission to 3.125 BTC from 6.25 BTC, halving the pace of new supply. Previous halvings preceded massive multimonth rallies in BTC, and the crypto community is confident that history will repeat itself. Investment banking giant Goldman Sachs, however, cautioned its clients from reading too much into the past halving cycles.

Source

https://www.tg-me.com/CryptoCalendarNews/com.Bitcoin_Crypto_Coin_Calendar
⚪️ Worldcoin to have its own Layer 2 blockchain called World Chain

Sam Altman's proof-of-humanity project Worldcoin , will soon begin utilizing its own Layer 2 blockchain meant to improve efficiencies as it onboards new users. The new Layer 2, called World Chain, will be secured by Ethereum, according to a statement. Additionally, users who have been verified as human will "enjoy priority blockspace over bots and some free gas," the statement also said.

Source

https://www.tg-me.com/CryptoCalendarNews/com.Bitcoin_Crypto_Coin_Calendar
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💰 Bitcoin to Hit $122,000 in 2024, Predicts Finder’s Latest Survey of Experts

Finder’s latest survey on bitcoin’s (BTC) price involved a unique panel of 31 crypto and fintech experts. The results suggest that BTC could reach a peak of $122,000 in 2024, and then settle at $109,000 by year’s end. Nick Ranga, the senior crypto and forex analyst at Forextraders, attributes the current uptick in BTC’s value to growing institutional engagement. Ranga is among those experts who foresee BTC reaching its zenith once more in 2024, ultimately closing the year around the $100,000 mark per unit.

Source

https://www.tg-me.com/CryptoCalendarNews/com.Bitcoin_Crypto_Coin_Calendar
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🏦 Coinbase leases larger New York office, abandons Hudson Yards workspace

Coinbase is relocating to a new office in New York, abandoning its Hudson Yards workspace in the process, a source familiar with the matter told The Block. According to the real estate trade publication, the exchange this month signed an eleven-year lease for a 67,208-square-foot space at One Madison in Manhattan's Flatiron District. A source informed The Block that Coinbase will not retain its office at 55 Hudson Yards, which has been leased since 2021.

Source

https://www.tg-me.com/CryptoCalendarNews/com.Bitcoin_Crypto_Coin_Calendar
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💰 Bitcoin’s halving event is now less than 100 blocks away

Bitcoin’s next halving event is now less than 100 blocks away, according to The Block’s Bitcoin Halving Countdown page. The estimated countdown is based on Bitcoin's average block generation time of 10 minutes, setting a potential time of just after midnight UTC on April 20 (8 p.m. ET today) to reach the halving block height of 840,000, as things stand.

Source

https://www.tg-me.com/CryptoCalendarNews/com.Bitcoin_Crypto_Coin_Calendar
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💰 After Halving Event, Bitcoin Transaction Fees Soar to Over $240

Upon reaching block height 840,000, when the mining pool Viabtc collected 37.626 bitcoin in fees worth $2.39 million, the expense for onchain transfers climbed, surpassing $240 per transaction. Block 840,003 recorded 16.06 bitcoins in fee payments, and block 840,004 accumulated 24 bitcoins in fees valued at over $1.5 million.

Source

https://www.tg-me.com/CryptoCalendarNews/com.Bitcoin_Crypto_Coin_Calendar
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🟠 Binance tax evasion trial moved to May 17 in Nigeria

The tax evasion trial in a Nigerian court involving cryptocurrency exchange Binance and two of its executives has been adjourned to May 17. This delay occurred because the exchange had not yet been formally served with the charges. The FIRS lawyer argued that Gambaryan should represent Binance as the primary defendant, had been served, given that both Binance and its executives were charged together.

Source

https://www.tg-me.com/CryptoCalendarNews/com.Bitcoin_Crypto_Coin_Calendar
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💰 Bitcoin's halving created the most valuable blocks in history, aside from one

Bitcoin's halving may have split the reward paid to miners in half, but a fierce battle for blockspace generated millions of dollars of payments to miners as the halving commenced. In fact, aside from an apparently accidental $3 million overpayment last November, all of Bitcoin's top 10 most valuable blocks have been mined since the halving, as first flagged by X user Clark Moody, in terms of U.S. dollar value at the time the block was mined.

Source

https://www.tg-me.com/CryptoCalendarNews/com.Bitcoin_Crypto_Coin_Calendar
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🪙 Ethereum (ETH) Price Surges 3.66% Amid Ancient Wallet Activation

The cryptocurrency market has witnessed a surge in Ethereum (ETH) price by 3.66% over the last 24 hours, reaching $3,175. This surge coincides with the reactivation of an ancient Ethereum wallet that had been dormant for nearly 8.7 years, according to data from the crypto tracker Whale Alert. The dormant wallet, holding 197 ETH valued at $622,685, has sparked intrigue and speculation within the crypto community.

Source

https://www.tg-me.com/CryptoCalendarNews/com.Bitcoin_Crypto_Coin_Calendar
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💰 Grayscale Announces Low-Fee Bitcoin ETF Spinoff for Investors!

Grayscale, renowned for its spot Bitcoin ETF GBTC with a 1.5% fee, is shaking up the market with a new spinoff fund boasting a drastically reduced fee of 0.15%. This move, announced through Grayscale’s latest filing, aims to introduce the lowest fee among all available spot Bitcoin ETFs. The forthcoming Grayscale’s Bitcoin Mini Trust (BTC) is set to inherit 10% of GBTC’s assets, providing shareholders with a tax-free transition into the new fund, shielding them from capital gains tax liabilities.

Source

https://www.tg-me.com/CryptoCalendarNews/com.Bitcoin_Crypto_Coin_Calendar
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🪙 Over $500M Ethereum (ETH) Left CEXs as Market Prepares for Impulsive Move: Data

Data from IntoTheBlock revealed that investors withdrew approximately half a billion ETH from centralized exchanges last week, the highest the asset has seen since February. The withdrawal of large amounts of ETH from centralized exchanges signals investor confidence in the long-term price trajectory of the asset. Market participants usually withdraw their cryptocurrencies from centralized trading platforms to hold the assets in their private wallets or cold storage in anticipation of higher prices.

Source

https://www.tg-me.com/CryptoCalendarNews/com.Bitcoin_Crypto_Coin_Calendar
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💰 Spot bitcoin ETFs continue net inflows after a rough last pre-halving week

After breaking a five-day streak of consecutive net outflows on Friday — when the foremost cryptocurrency's block rewards officially halved — spot bitcoin exchange-traded funds in the United States recorded another day of net inflows on Monday. The total net inflow for spot Bitcoin ETFs yesterday was just over $62 million, with the Fidelity Wise Origin Bitcoin Fund garnering the most significant single-day net inflow at $34.83 million, according to data from SoSoValue.

Source

https://www.tg-me.com/CryptoCalendarNews/com.Bitcoin_Crypto_Coin_Calendar
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💰 Mining pool ViaBTC auctions rare Bitcoin ‘epic sat’ from recent halving event on CoinEx

ViaBTC, the world’s third-largest mining pool, is initiating an auction for the “epic sat” it uncovered during Bitcoin’s fourth halving event on April 20. “Epic sat” refers to the initial satoshi generated following each halving event, occurring approximately every four years after 210,000 blocks. With just 32 epic sats expected to exist, these units carry exceptional significance within the Bitcoin network. According to the auction page, the highest bid for the asset is 2 BTC, approximately $132,000, as of press time.

Source

https://www.tg-me.com/CryptoCalendarNews/com.Bitcoin_Crypto_Coin_Calendar
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💰 Bitcoin Runes made up 57.7% of transactions on halving day

Bitcoin halving, Runes have sparked intense debate and speculation by embedding rich data within Bitcoin's ledger, shifting how users interact with the blockchain. By leveraging transaction augmentation, Runes can enhance transactions with diverse data, from simple messages to complex scripts, showing a remarkable capability distinct from other Bitcoin-enhancements like Ordinals and BRC-20 tokens.

Source

https://www.tg-me.com/CryptoCalendarNews/com.Bitcoin_Crypto_Coin_Calendar
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💰 Bitcoin miner revenue holding steady following halving

Perhaps the most significant moment of the past week was the bitcoin halving, which happened late in the day on Friday, April 19. As a reminder, the halving happens every 210,000 blocks, or roughly every four years, given that a block gets mined around every 10 minutes and decreases the reward for mining a bitcoin block by half, slowing bitcoin’s issuance.

Source

https://www.tg-me.com/CryptoCalendarNews/com.Bitcoin_Crypto_Coin_Calendar
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🇪🇺 Europe tightens crypto regulations with new anti-money laundering laws

Crypto Asset Service Providers (CASP) in Europe would have to implement stringent Know Your Customer (KYC) procedures to combat money laundering following the European Parliament greenlight of new Anti-Money Laundering Regulations (AMLR), according to an April 24 statement. Under the AML, a new regulatory body called the Authority for Anti-Money Laundering and Countering the Financing of Terrorism (AMLA) will oversee and enforce compliance with the revamped protocols.

Source

https://www.tg-me.com/CryptoCalendarNews/com.Bitcoin_Crypto_Coin_Calendar
🇺🇸 SEC cold-shoulders Ethereum ETF applicants in meetings, dashing hopes of May approval

The US SEC is expected to reject several applications for exchange-traded funds (ETFs) based on Ethereum, the world’s second-largest cryptocurrency, Reuters reported on April 25, citing industry insiders. Firms such as VanEck and ARK Investment Management, among others, have submitted applications to the SEC for ETFs that would directly track the spot price of ether.

Source

https://www.tg-me.com/CryptoCalendarNews/com.Bitcoin_Crypto_Coin_Calendar
💰 Bitcoin miner Marathon Digital targets its hash rate to double in 2024

Bitcoin miner Marathon Digital has raised its 2024 hash rate growth target in response to Bitcoin’s fourth halving event, which reduced miners’ block subsidy rewards from 6.25 BTC to 3.125 BTC. Starting 2024 with a total hash rate of around 24.7 exahash per second (EH/s) across its mining facilities, Marathon initially planned to increase its hash rate by around 46% during the year, targeting 35-37 EH/s.

Source

https://www.tg-me.com/CryptoCalendarNews/com.Bitcoin_Crypto_Coin_Calendar
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🟠 Binance’s defense against SEC could be aided by Mango Markets case

Binance could strengthen its defense against the US Securities and Exchange Commission (SEC) by drawing on an unrelated case. On April 26, Binance and related parties filed a government document from an unrelated case against Mango Markets exploiter Abraham Eisenberg, who was convicted by a jury on April 18. Binance’s defense team drew attention to a specific paragraph in which the US government expressed its position on whether a particular stablecoin, USDC, is a security.

Source

https://www.tg-me.com/CryptoCalendarNews/com.Bitcoin_Crypto_Coin_Calendar
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🇷🇺 Russian Duma considers exchange ban as Beribit clients demand crypto, receive chocolate

The troubles began with reports of a raid by Russian authorities on the offices of crypto exchange Beribit at the end of March, allegely in connection to the Crocus City Hall terrorist attack. Then, Beribit, which is an officially licensed exchange in Russia, announced on Telegram that during a change in leadership, discrepancies in the company's financials were found and an audit had to be undertaken.

Source

https://www.tg-me.com/CryptoCalendarNews/com.Bitcoin_Crypto_Coin_Calendar
2024/04/28 09:05:57
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