Halvings are programmed to occur every 210,000 blocks, creating a distinct time frame lasting approximately 4 years between these events. Over the past four years, historically there have been highs, lows, up cycles, and down cycles. Historically, the largest price increases have been in the months surrounding halvings. This is a result of the supply shock caused by the halving. After reaching a new supply-demand balance, the price peaks, followed by rapid selling until the BTC price finds a bottom or trough. This is typically 12 to 18 months after the half-life. Once the bottom is reached, the price plummets…
Author: Crypto Flexs
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U.S. Senators Kirsten Gillibrand and Cynthia Lummis have introduced the Lummis-Gillibrand Payments Stablecoins Act, landmark bipartisan legislation that seeks to establish a regulatory framework for payments stablecoins. The bill aims to protect consumers, promote responsible innovation and crack down on money laundering and illicit finance. The bill, which senators have been working on for months, would ban “unsecured algorithmic stablecoins” and mandate one-to-one reserves for issuers. It also aims to create a state and federal regulatory framework for stablecoin companies and prevent illegal use of stablecoins. Senator Gillibrand emphasized the importance of passing a regulatory…
Expanding horizons into new business sectorsTether, the operator of the Tether stablecoin and the world’s largest stablecoin by market value, is undergoing a major restructuring to expand its reach beyond the stablecoin space. This strategic expansion introduces four new business segments: Tether Data, Tether Finance, Tether Power, and Tether Edu. The move, announced on April 18, highlights Tether’s commitment to leveraging its presence in the cryptocurrency industry to pioneer a variety of new infrastructure solutions, investments, and services.Focus Areas of New Business UnitTether Data will lead strategic investments in cutting-edge technologies, including artificial intelligence and peer-to-peer platforms such as Holepunch,…
A white paper was released late Wednesday for a new protocol called Heroglyphs, which aims to provide new tokens to Ethereum sole stakers by mimicking elements of the proof-of-work system.“We are excited to share Heroglyphs White Paper v0. Heroglyphs is designed to reward solo stakers by adding a bit of PoW to Ethereum’s Proof of Stake (PoS),” said Manny, an anonymous co-author.Co-authors, including former Sushi core contributor 0xMaki, argue that since Ethereum moved away from its proof-of-work consensus mechanism in September 2022, a fair crypto token distribution mechanism has disappeared. It is becoming increasingly popular. This centralizes control in the…
ETH has corrected up to 17% over the week and could fall further below $2,400. As of this writing, market sentiment towards ETH is neutral. Ethereum (ETH) fell below $3,000 over the past 24 hours after its price fell 3.24%, according to CoinMarketCap. The second-largest cryptocurrency has corrected as much as 17% for the week as bulls struggle to overcome downward volatility in the broader market. However, market participants appear to be reacting differently to the ongoing recession. Some want to profit from their investments, while others are looking to accumulate ETH at low prices. Buy or Sell? The whale,…
Has Piona.us merged with Bitcoin? no. Bitcoin is not an organization and cannot be merged into a company or organization. They want you to use it to create a Bitcoin wallet and take a fee. Unexpected fees are usually a clear sign of fraud and scams.
Meet Binance Megadrop, a platform that provides early access to Web3 projects and rewards users for their participation in the cryptocurrency ecosystem. The post Megadrop: Binance Unveils New Launchpad for Access to Early Web3 Projects appeared first on Crypto Briefing.
Bitcoin has seen its price fall over the past few weeks due to massive selling pressure that has flooded the market. But as investors hope for relief, it appears that sellers are not done yet, with one particularly notable Bitcoin selling transaction sending the market into a frenzy. Whale dumps $1 billion worth of Bitcoin Whale tracker Whale Alert alerted the cryptocurrency community via X (formerly Twitter) to a large Bitcoin transaction involving a sale. The transaction carried a total of 16,276 BTC and was worth approximately $1 billion at the time of the transaction. Large trades are out of…
Kraken, a leading cryptocurrency exchange, has taken an important step in accelerating cryptocurrency adoption with the launch of Kraken Wallet. Self-managed wallets are designed to be simple, secure, and powerful, providing users with an easy-to-use gateway to decentralized financial systems. Whether an individual is a Kraken customer or not, the multichain Kraken wallet can be used as a bridge to the world of decentralized finance. Built on privacy and security principles, Kraken Wallet ensures self-management of your digital assets and data. Users will enjoy an on-chain experience backed by Kraken’s world-class security measures and dedicated…
Cryptocurrency wallet provider Zengo has acquired stablecoin-focused wallet Minke to expand its user base.Zengo co-founder and CEO Ouriel Ohayon told The Block that discussions on the deal began less than a month ago, making the acquisition happen quickly. “Minke was looking for a new home for its users and it was a good match,” Ohayon said.Minke was looking for a new home for its users because co-founder and CEO Josh Reyes wanted to focus on another venture, OpenPeer Labs, which is developing a decentralized peer-to-peer exchange, he told The Block. Reyes said Zengo was a good choice because of its…