bitcoin
Analysts at Bernstein have reiterated their prediction that the price of bitcoin will reach $150,000 by the end of 2025. They believe that despite a recent pullback in price, bitcoin is still in the early stages of a healthy cycle. The analysts point to several positive indicators, including the
burn
The Ethereum network has experienced a significant decrease in the daily amount of ETH burned, reaching its lowest level this year. This decline is primarily attributed to a drop in average gas fees, which currently hover between 5 and 10 gwei, marking one of the lowest levels seen throughout the
* Venezuela's PDVSA to increase Tether stablecoin use for oil exports amid U.S. sanctions. * Biden administration not renewing oil sanctions license due to Maduro's unmet promises. * PDVSA shifting oil sales to USDT to avoid frozen profits in overseas accounts. * Intermediaries used for crypto transactions in oil,
* Bitcoin halving triggers bullish run by reducing new token creation and increasing BTC price. * Public Bitcoin mining firms prepare for halving to sustain operations and increase market share. * Analysis shows most mining firms will remain profitable post-halving, with efficient operations key. * Foundry sees shift to efficient operations post-halving, while home
* BTC fell 5% below $60,000 after Israel retaliated against Iran for missile strike. * Ether (ETH) down 3.45% at $2,800; PAXG up nearly 3%. * Market turmoil may push BTC to $55,000; buying opportunity if panic sell occurs. * Asian stock indices down, U.S. stock futures fell, crude
* Ethereum on track for $1 billion in annual profits, with $365 million in Q1. * 155% year-on-year revenue growth, with Q1 2024 income up nearly 200% from Q4 2023. * Fee revenue at $1.17 billion, up 155% from Q1 2023. * Increased network activity driven by DeFi surge, surpassing 2021 transaction levels.
* Google Trends shows record interest in Bitcoin halving * Search interest score predicted to double from 2020 * Bitcoin halving reduces block rewards from 6.25 BTC to 3.125 BTC * Bitcoin price hit all-time high of $73,600 in May Summary : Google search interest in the upcoming Bitcoin halving has reached
* Former Ethereum developer Virgil Griffith requests sentence reduction for assisting North Korea with blockchain technology. * Attorney argues for a two-point reduction based on revised U.S. sentencing guidelines. * If granted, Griffith's sentence could be reduced by a year or more. * U.S. Department of Commerce imposed a 10-year
* Eisenberg's fate in $110 million Mango Markets trades now in jury's hands. * Prosecutors claim market manipulation, fraud; defense argues legal trading strategy. * Expert witness testimony thrown out; prosecutors allege Eisenberg stole, not borrowed. * Eisenberg faces up to 20 years in prison if convicted on all counts.
* US senators introduce stablecoin bill to regulate payment stablecoins and ban unbacked stablecoins. * Telegram founder predicts secure communication devices inspired by crypto hardware wallets due to increasing government surveillance. * Bitcoin miner stocks drop post-halving as investors fear profit decline, but analyst believes concerns are unfounded. * Miners like Marathon Digital, Riot
* Leading Bitcoin advocates and policymakers gather at the National Press Club Ballroom in Washington, DC. * Bitcoin Policy Summit features bipartisan lineup including Senators Lummis and Gillibrand. * Summit agenda covers regulatory frameworks, geopolitical implications, and environmental impacts of Bitcoin. * Live stream of the event available on Bitcoin Magazine's YouTube
* Japanese firm Metaplanet buys $6.5 million worth of Bitcoin for treasury strategy. * Metaplanet partners with Mark Yusko and others to embrace Bitcoin potential. * Metaplanet's stock price surges 89.47% post Bitcoin announcement. * Metaplanet's move signals growing institutional adoption of Bitcoin in Asia. Summary : Japanese firm