News

Bybit Report Predicts BTC Shortage on Exchanges Post-Halving

Bybit's latest report forecasts a potential depletion of Bitcoin reserves on exchanges within nine months, influenced by high withdrawal rates and the upcoming halving event.

Yagyesh Jaiswal

Bybit anticipates Bitcoin reserves on exchanges could run out in nine months due to increasing withdrawals and reduced production following the halving event, potentially leading to a liquidity crisis.

$7.5B ASI Token Launch in May as AI Crypto Surges

Fetch.ai, SingularityNET, and Ocean Protocol are set to launch the ASI token in May, marking a significant move in the crypto industry with a combined market cap of $7.5 billion, aiming to democratize AI development.

Yagyesh Jaiswal

The Artificial Superintelligence Alliance, including Fetch.ai, SingularityNET, and Ocean Protocol, announces the May launch of the ASI token, merging their efforts to accelerate AI in the crypto sector with a projected market capitalization of $7.5 billion.

Stablecoin Regulation Gains Traction After Key Talks

Recent discussions among U.S. lawmakers hint at potential progress on stablecoin regulation, possibly aligning it with other significant legislative efforts later this year.

Yagyesh Jaiswal

Key discussions among House and Senate leaders could pave the way for stablecoin regulation in the U.S., with potential inclusion in broader legislative packages during the upcoming legislative sessions.

Bitcoin NFTs Gain Market Share Before Halving

Bitcoin NFTs have outpaced Ethereum and Solana in trading volume, capturing 55% of the market as the Bitcoin network approaches its halving event.

Yagyesh Jaiswal

Bitcoin-based NFTs have seen a remarkable surge in trading volume, surpassing Ethereum and Solana combined, driven by the anticipation of the upcoming Bitcoin halving and innovations like the Runes Protocol.

Bitcoin Mining Law Brings Noise and Debate to Rural Arkansas

A new law giving Bitcoin miners "the right to mine" in Arkansas had unintended fallout for residents of the small town of Bono, who found their peace overrun by the loud machinery needed for cryptocurrency development.

Yagyesh Jaiswal

While the aims of promoting Bitcoin business seem good, the real impacts on real people's lives show that any new laws or technologies may have unforeseen consequences, especially in quiet rural areas. Balancing progress and people's well-being requires understanding different perspectives.

Worldcoin App Hits 10M Users in First Year

Worldcoin's native wallet, the World App, has achieved a significant milestone by reaching 10 million users within its first year, highlighting its global impact and accessibility.

Yagyesh Jaiswal

Worldcoin's native wallet, World App, has rapidly expanded to reach 10 million users globally in less than 12 months, underscoring its effectiveness in facilitating self-custodial crypto transactions and integration with World ID.

Hong Kong Approves First Spot Bitcoin and Ether ETFs

Hong Kong takes a major step toward becoming a global crypto leader by greenlighting the region's initial spot Bitcoin and Ether exchange-traded funds, ushering institutional investment.

Yagyesh Jaiswal

Approving these pioneering spot crypto ETFs establishes Hong Kong as a progressive fintech center and signifies growing worldwide acceptance of digital assets.

Bitcoin Tumbles After Cryptocurrencies Face Flash Crash

Discover what caused the massive crypto crash on Friday, April 12, 2024, dragging down Bitcoin, Ethereum, and other major coins. Key factors like high leverage and a difficult regulatory week are examined.

Yagyesh Jaiswal

While crypto volatility is nothing new, Friday's flash crash saw billions wiped out in hours. A perfect storm of high leverage, regulatory uncertainties, and broader economic fears likely compounded to spark the sudden selloff. The crypto industry must address some underlying issues to build sustainable long-term growth.

Everything You Need to Know About BitBoy One

A detailed preview of the upcoming BitBoy One gaming handheld, including specs, games, release date and price, mining capabilities, and integration with the Bitcoin wallet.

Yagyesh Jaiswal

The BitBoy One promises to be an all-in-one Bitcoin and gaming device when it launches later this year. With the emulation of retro games, dedicated blockchain titles, mining abilities, and a hardware wallet, it aims to give crypto enthusiasts an entertainment device like no other.

FinCEN Lauds Coinbase Amid SEC Lawsuit

The Financial Crimes Enforcement Network (FinCEN) commends Coinbase for its significant contributions to law enforcement efforts in criminal investigations, amidst ongoing legal challenges with the SEC.

Yagyesh Jaiswal

FinCEN has acknowledged Coinbase for its crucial role in supporting major criminal cases through effective compliance and reporting, even as the crypto exchange faces a lawsuit from the SEC over securities violations.

Hong Kong Set to Launch Bitcoin ETFs in April

Hong Kong is on the verge of approving its first spot Bitcoin ETFs, a move expected to energize regional investment and mirror the success seen in the US market.

Yagyesh Jaiswal

Hong Kong's Securities and Futures Commission is set to approve the region's first spot Bitcoin ETFs by mid-April, marking a significant milestone in cryptocurrency investment in Asia.

Stablecoins Support the U.S. Economy - Cantor Fitzgerald CEO

This article discusses comments from Cantor Fitzgerald CEO Howard Lutnick about how properly backed stablecoins like USDT increase demand for US government bonds and support dollar dominance globally.

Yagyesh Jaiswal

According to Howard Lutnick, stablecoins play an important role in strengthening the US economy by fueling demand for Treasury notes and supporting the dollar's status as the world's leading reserve currency. When regulated properly, they do not endanger financial stability.

Circle Boosts Solana Amid Stablecoin Surge

Circle announces the expansion of its Web3 services to the Solana blockchain, highlighting Solana's growing dominance in stablecoin transactions and cross-border payments.

Yagyesh Jaiswal

Circle expands its Web3 services to Solana, reinforcing USDC integration for developers and businesses. This follows Solana's rise as a leading network for stablecoin transfers, notably in cross-border payments.

Bitcoin Transaction Fees Remain Low As Halving Approaches

Learn about Bitcoin network fees which have recently been near cycle lows and examine whether the upcoming May 2020 halving could impact fee levels.

Yagyesh Jaiswal

With Bitcoin block rewards set to be halved, the network may see transaction fees play a larger role in supporting miners. However, current low fee levels show the market has not priced in this event. Overall the halving's effect remains uncertain and will depend on adoption and usage levels in the months following.

Young Americans Prefer Crypto, Survey Shows

A recent PolicyGenius survey shows that a significant portion of young Americans, particularly Gen Z and Millennials, are more inclined to invest in cryptocurrencies over traditional assets like stocks and real estate.

Yagyesh Jaiswal

One-fifth of young Americans, with a notable preference among Gen Z, are investing in cryptocurrency, surpassing traditional investments such as stocks and real estate, indicating a shift in generational investment patterns.

S. Korean Regulators Crackdown on Illicit Crypto Trades

South Korean regulators are stepping up measures to stop traders from illegally dumping stolen cryptocurrencies onto domestic exchanges by investigating suspicious transactions and coordinating with law enforcement.

Yagyesh Jaiswal

As crypto regulations continue to tighten in South Korea, authorities are committed to protecting investors and maintaining fair markets by ensuring only legitimate coins can be traded locally.

Solana Devs Plan Congestion Fix in April

Solana developers are set to deploy a fix for the network congestion caused by an implementation bug by mid-April, as ongoing issues prompt project launch delays on the blockchain.

Yagyesh Jaiswal

Solana faces network congestion due to an implementation bug, with developers planning a patch by mid-April. This has led to delayed launches for several Solana-based projects amidst increased transaction failures.

Swiss Bank Prefers Wholesale CBDC Trials

The Swiss National Bank expresses concerns over retail CBDCs potentially destabilizing the financial system, contrasting its interest in exploring the benefits of wholesale CBDCs through Project Helvetia III.

Yagyesh Jaiswal

Thomas Jordan, Chairman of the Swiss National Bank, highlights the potential risks of retail CBDCs to financial stability, emphasizing the advantages of wholesale CBDC trials for secure and efficient financial transactions.

Bitcoin Supply Moves to Lowest Level Since October 2022

Data from Glassnode shows the percentage of Bitcoin's circulating supply inactive for over a year has declined to 65.8%, the lowest since October 2022, indicating profit-taking by long-term holders.

Yagyesh Jaiswal

The drop in Bitcoin's inactive supply underscores a shift from the holding trend of 2023 as investors look to realize gains amid the cryptocurrency's strong price performance over the past year.

Chinese Authorities Probe Filecoin Liquid Staking Project

Key technical leaders of the STFIL liquid staking platform for Filecoin have been detained by Chinese police and are under investigation. Users' funds were also moved to an unknown wallet.

Yagyesh Jaiswal

The high-profile investigation and missing user funds have raised serious concerns around transparency and accountability for the multi-million dollar STFIL project.

SOL Face Network Delays Due to Spam Transactions

Solana network users have experienced delays and dropped transactions as the blockchain faces congestion from increased spam transactions. Developers are working on fixes.

Yagyesh Jaiswal

The popular Solana blockchain has seen rising congestion leading to slower transactions. While interest in the network rises, spammers are taking advantage by flooding it with bogus activity. Updates aim to prioritize genuine transactions and streamline processing to improve the user experience.

Court Reopens Lawsuit Against Coinbase

A lawsuit against Coinbase is reinstated by an appellate court due to a date-related error, despite previous rulings favoring the cryptocurrency exchange's dismissal of the case.

Yagyesh Jaiswal

A civil lawsuit against Coinbase is revived by an appellate court due to a clerical mistake, despite initial support for the case's dismissal, highlighting ongoing legal scrutiny over crypto exchanges.

Kiyosaki Addresses Harry Dent's $200 Bitcoin Prediction

Best-selling author and investor Robert Kiyosaki weighs in on economist Harry Dent's prediction that Bitcoin could crash to just $200, providing his rationale for why such a plunge is unlikely.

Yagyesh Jaiswal

This piece explores the differing views of Kiyosaki and Dent regarding bitcoin's future price path, with Kiyosaki arguing that bitcoin offers a hedge against economic turmoil while Dent maintains it is in a bubble that will burst dramatically.

Grayscale Revises Fund, Drops Cardano, Cosmos

Grayscale has announced the removal of Cardano and Cosmos from its crypto funds during its quarterly rebalancing, impacting ADA and ATOM's market performance.

Yagyesh Jaiswal

Grayscale's recent quarterly fund rebalancing resulted in the exclusion of Cardano from its Digital Large Cap Fund and Cosmos from its Smart Contract Platform Ex-Ethereum Fund, leading to notable price declines for ADA and ATOM.

Banks Set to Provide Bitcoin ETF Access

Morgan Stanley and UBS are on the brink of offering access to Bitcoin ETFs to their clients, marking a significant move towards integrating digital assets into traditional investment portfolios.

Yagyesh Jaiswal

Morgan Stanley and UBS are reportedly preparing to announce their offerings of spot Bitcoin ETFs to clients next week, highlighting the growing acceptance of cryptocurrencies in traditional finance.