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At 11:06 a.m. Eastern Time (ET) on April 29, 2023, at block height 787,500, the number of blocks left to discover until the next Bitcoin blockchain halving is now fewer than 52,500 blocks. This means the network has progressed 75% through the 210,000-block halving cycle, which will ultimately result in a reduction of the block reward from 6.25 bitcoins per block to 3.125 bitcoins per block. Bitcoin Halving Countdown: Fewer Than 52,500 Blocks Left to Discover On Saturday morning (ET), the Bitcoin network progressed 75% of the way toward the next block reward halving, with fewer than 52,500 blocks left to discover until the event occurs. This milestone marks another step in the ongoing evolution of the Bitcoin network as it progresses toward its eventual maximum supply of 21 million bitcoins. The Bitcoin blockchain halves its block reward every 210,000 blocks, which occurs roughly every four years. ▓▓▓▓▓▓▓▓▓▓...

After the bank was seized by the US Government earlier this week, a US Regulator is set to take over First Republic Bank . JUST IN: US Government prepares immediate takeover of First Republic Bank $FRC, Reuters reports. — Watcher.Guru (@WatcherGuru) April 28, 2023 The U.S. Federal Deposit Insurance Corporation (FDIC) is preparing to place First Republic under receivership imminently, according to Reuters. The FDIC says, “The U.S. banking regulator has decided that the troubled regional lender’s position has deteriorated and there is no more time to pursue a rescue through the private sector.” Just today, First Republic shares have fallen another 37%. In total, shares are down approximately 96% since the start of the year. First Republic Bank and FDIC representatives have yet to comment at the request of the media. First Republic Bank US Regulator Source: https://thebittimes.com/us-regulator-to-take-over-first-republic-bank-tbt45771.html?utm_s...

Apr 28, 2023 at 09:30 // Price Author Nina Lyon The Hong Kong Securities and Futures Commission (SFC) announced that it is preparing rules for the licensing of cryptocurrency exchanges and businesses. According to the reports, the new licensing regime aims to support cryptocurrency trading platforms, but not to block their activities. However, special attention will be paid to anti-money laundering (AML) and customer identification (KYC) procedures. The rules will be published in May and are scheduled to come into force on June 1. The regulator noted tha...

Join Our Telegram channel to stay up to date on breaking news coverage What – Bitrue Crypto platform experiences a technical glitch that has affected XRP orders on its system Why – This is after its system had a technical issue leading to a flash crash of the top crypto to $0  What Next – The exchange has promised to reverse the positions held by its users during the glitch period The Singapore-based crypto exchange Bitrue has announced that it has experienced a technical glitch that affected the XRP orders on its system. As per the platform, the issue took place between 07:15 to 07:16(UTC) on April 26, leading to orders for XRP/USDT with incorrect prices and quantities. On 26 April 2023, between 07:15 to 07:16 (UTC), we experienced a technical glitch in our system, which led to certain orders for XRP/USDT being placed with incorrect prices and quantities.  Bitrue will be taking the following actions to rectify the matter: pic.twitter.com/XsOfB...

VeChain is trading at $0.022 and it is down nearly 10% in the last two weeks. VET doubled in price from January to February but shed most of its gains post-March. The crypto is unable to reclaim its yearly high of $0.032 and it is struggling to stay afloat in the indices. VeChain experienced little to no growth in April as its price remained stagnant for nearly 30 days straight. Will its fortunes change in May 2023 and could it rally next month? Let’s find out! Also Read: Shiba Inu May 2023 Price Prediction: How High Could SHIB Go? Source: Coingecko VeChain: May 2023 Price Prediction For VET Source: Twitter The VeChain Foundation collaborated with a string of businesses around the world to solve problems facing the retail and supply chain industry. The foundation also provided solutions to environmental concerns using blockchain technology and went into new territories. Read here to know more details about the developments. Coming back to the May 2023 prediction, o...

According to on-chain data shared by OKLink on February 27, two addresses beginning with 0x176F and 0x611F linked to Tron founder Justin Sun have become the 5th and 6th largest holders of stETH, respectively. advertisement Justin Sun became one of the largest holders as he again staked over 88,000 Ethereum in Lido today through 0x611F. CoinGape earlier reported, Justin Sun staked over 200,000 ETH through 0x176F. His personal staked ETH has exceeded 300K Lido staked ETH ( stETH ), which is about $500 million. It clearly indicates that Justin Sun is bullish on the Ethereum Shanghai upgrade and wants to utilize the opportunity. In fact, Ethereum staking continues to rise as the Shanghai upgrade comes near. Justin Sun has continued to deposit ETH into Lido all through the weekend. Also Read: Ethereum Shanghai Upgrade, Developers Reveal Key Details Ahead Of Sepolia Upgrade Trending Stories ETH Price Prediction: New Rec...

Also Read: Binance.US Sparks Optimism As It Lists Floki (FLOKI), Is A Meme Season In The Making? Meanwhile, the Spent Output Profit Ratio (SOPR) for long term Bitcoin holders shows high confidence in a price rise. On chain data suggests that BTC investors who have been holding since 5 months are currently in realized losses but what follows is a recovery period. Overall, this is a good sign for long term, despite potential for volatility in the short term. Dormant Bitcoin Whales Awaken Over the last one week, at least three big whale addresses made huge transfers, effectively activating the addresses after 10 years, in separate transactions. Such an address registered a transfer of 6,071 BTC after a long gap of 9.3 years. Similarly, two other whale addresses transferred over 1,000 BTC separately, despite Bitcoin price maintaining sideways movement after consistent drop. In a latest, Whale Alert reported that: “A dormant address containing 1,000 BTC ($27,456,958) has just be...

Proof of Stake related models uses significantly less Energy when compared to their Proof of Work counterparts. Proponents batting for sustainability have time and again debated about why protocols need to shift to the former. The Merge upgrade marked the onset of Ethereum’s PoS consensus mechanism era. Ethereum’s Energy consumption has drastically dropped after the PoS shift. The University of Cambridge’s Centre for Alternative Finance [CCAF] uniquely contextualized the same. According to the study, if Bitcoin’s Energy use is assumed to be Kuala Lumpur’s Merdeka building, the second-highest in the world [679 meters], then Ethereum’s PoW consensus system would stand around the height of the London Eye [135 meters]. However now, with the shift to the PoS model, Ethereum has reportedly “shrunk to the size of a raspberry.” Also Read: Bitcoin: WEF Video Showcases Mining, But Omits ‘B Word’ Bitcoin: WEF Video Showcases Mining, But Omits ‘B Word’ Pre-Merge, Ethereum Consu...

Amid the growing De-dollarization movement that has become so prevalent internationally, Twitter CEO Elon Musk has commented on “weaponizing currencies,” as the US dollar has seen its relevance fade. The development arrives amidst the shifting power balance of the BRICS nations. Specifically, the collective has sought to replace the American currency in international trade. Consequently, various nations have followed suit by developing alternative currencies for international dealings.  If you weaponize currency enough times, other countries will stop using it — Elon Musk (@elonmusk) April 25, 2023 Musk Talks US Dollar’s Fall The word De-dollarization has been a relevant one so far this year. Specifically, due to the fading importance of the US greenback on an international level. Now, one of the most well-known figures in the country has spoken out about why that may be the case.  Twitter CEO, Elon Musk , has taken to his platform to discuss the concept o...

Ron Paul, the former U.S. presidential candidate and former U.S. congressman, has stated that recent geopolitical events have caused nations to start ditching the U.S. dollar. Paul stated that the debasement of the currency, the manipulation of prices, and sanctions against other nations have made other countries afraid of holding dollars. Ron Paul Believes De-Dollarization Is Happening at a Rapid Pace Ron Paul, former U.S. presidential candidate and former U.S. congressional representative, has talked about how he believes de-dollarization is starting to accelerate recently, even if he does not know when the U.S. dollar will lose its reserve currency status. In the latest episode of “The Ron Paul Liberty Report,” his online videocast, Ron Paul clarified a global reduction in the percentage of reserves held in U.S. dollars is caused by several circumstances, including “America’s endless wars, sanctions, wokism, nihilism, and unconstitutional abuses.” Ab...

in 2021, a man from Ukraine sold his house for $350,000 to invest in Shiba Inu (SHIB). The man’s success story became viral, with some fans coining him as the “SHIB millionaire.” He used some of his newfound wealth to purchase a mansion in Dubai and has been living a luxurious lifestyle ever since. Source: Cointelegraph However, according to the man himself, the investor is now eyeing RenQ Finance ( RENQ ) as his next investing project. In a recent interview, he revealed that he is now accumulating RenQ Finance ( RENQ ), a relatively new cryptocurrency that is focused on providing decentralized finance solutions. RenQ is a community-driven organization that provides a one-stop solution for all kinds of traders under one platform in the DeFi world. It connects isolated blockchains to create a cross-chain asset exchange network. The platform provides underlying support for the DeFi ecosystem, allowing digital asset holders to experience a safe, free, and transparent DeFi service. ...

BTC price action may have taken a serious hit last week, but not every class of Bitcoin investor is dashing to the exit. Bitcoin (BTC) starts a new week in a precarious position after seeing its most extensive losses since November 2022. In a major comedown from ten-month highs, BTC/USD lost around 10% before the weekly candle finally closed. At around $27,600, the culmination of a grim few days for long traders means that BTC/USD is now caught battling for last month’s support. Market participants are in two minds as to how the situation might play out — some are betting on deeper downside, while others remain confident of retesting those multi-month highs. Catalysts may come in the form of United States macroeconomic data releases later in the week, while markets are also gearing up for the next Federal Reserve interest rate decision. With the recent correction taking some of the “greed” out of crypto sentiment, can the shock give way to more sustainable upside or is the bull market...