Bitcoin hashrate price falls to historic low
An indicator measuring the profitability of Bitcoin mining is approaching the historical low point reached after the FTX collapse, indicating that miners will face difficult times in the future. According to the computing power index data, the hash price fell to $57 on Friday. This number represents the amount miners can earn per day from the computing power of 1 petahash per second. Shortly after the FTX crash in November 2022, its price reached a historical low of $55.After the Bitcoin halving on April 20th, the hash price immediately soared to $139 due to a series of activities surrounding the Rune protocol that caused transaction fees to skyrocket. According to CryptoQuant's data, this upward trend quickly reversed as fees fell back to pre-halving levels and mining difficulty increased.
Swiss National Bank President Expresses Concerns About Adding Bitcoin to Currency Reserves
Thomas Jordan, Chairman of the Swiss National Bank (SNB), expressed doubts about the prospect of the Swiss central bank buying bitcoin at the annual shareholder meeting on Friday. Jordan pointed out that adding bitcoin to the Swiss National Bank's reserve assets (including gold, foreign currency, bonds and stocks) could have potential negative effects, such as increased carbon emissions. He then emphasized the energy consumption associated with bitcoin mining and trading. We have not yet decided to invest in bitcoin, and there are actually good reasons not to. Currency reserves are for international payments. They must be liquid. They must be sustainable, and we must be able to sell and buy them. Previously, crypto advocates had called for changes to Swiss legislation to allow cryptocurrencies to be included in national currency reserves.
Bitcoin Conference to Bring Star-Studded Lineup of Speakers to Hong Kong on Dawn of Historic ETFs.
Excitement is brewing in the heart of Asia as Hong Kong regulators pave the way for a new era of innovation with the recent approval of spot Bitcoin exchange-traded funds (ETFs). This groundbreaking development underscores Hong Kong's commitment to becoming a regulated hub for Bitcoin. At the same time, the Bitcoin Conference is bringing the best and brightest Bitcoiners from around the world to Hong Kong for Bitcoin Asia.
Bitcoin's stock-to-flow ratio has surpassed gold
Since the halving on Friday, Bitcoin's stock-to-flow ratio has exceeded that of gold.
The Untold Story of ditto-b
The story of an anonymous developer who fixed a critical flaw in Bitcoin's code.
Cointime April 21th News Express
1.An Ethereum pre-mining address that has been dormant for 8.7 years has been activated, containing 197 ETH
2.Bitcoin block reward halving sparks bullish and skeptical opinion split3.A whale withdrew another 10,119 ETH from Binance4.MtGox claims form updated, may support compensation payment in BTC and BCH5.ZKasino transfers the 10,515 ETH deposited by the user to a multi-signature address and deposits it into Lido
6.Pre-Rune concept NFT Rune Doors is the project party for the deployment of Rune No. 97.More than 11,000 BTC flowed out of Coinbase Pro in the past 7 days8.Solana Ecosystem NFT Social Platform Only1 Completes $1.3 Million Strategic Financing, Led by Newman Group
9.friend.tech: V2 version has completed the audit and will be released on April 2910.Bitwise CEO: Wealth Manager Will Increase Its Bitcoin ETF Holdings
Bitcoin halving: Why it’s important for BTC scarcity
Bitcoin's most important economic mechanism, the halving, could legitimize Bitcoin as a store of value asset for the digital age, seeking more liquid assets than real estate or gold.
More than 11,000 BTC flowed out of Coinbase Pro in the past 7 days
According to the latest data from Coinglass, ChainCatcher reports that 11,891.65 bitcoins have flowed out of Coinbase Pro's wallet in the past week, and as of now, the balance of Bitcoin in Coinbase Pro's wallet is 281,416.48 BTC. In the past 7 days, 1,367.26 bitcoins have flowed out of Binance's wallet.
Bitcoin halving 2024: 5 ways it’s different this time
Since the previous halving, the number of crypto users has surged 400%, not including the impact of the spot Bitcoin ETF launch in the United States.
Tim Draper: Bitcoin price could rise to as high as $10 million
Billionaire and American venture capitalist Tim Draper said in a recent interview that with the widespread adoption of Bitcoin and the weakening of the US dollar, the price of Bitcoin could rise to $10 million. Tim Draper said, "(Bitcoin prices in the future could rise to) $250,000 or $1 million, $2 million, or even $10 million."
The 2024 Bitcoin halving is the “most bullish” setup for BTC price
Despite a pre-halving slump in ETF inflows, Bitcoin could resume its rally to new all-time highs as the next wave of institutional investors are preparing to gain exposure to BTC.
Bitcoin miners’ revenue hit a record high yesterday, reaching $106.7 million
According to Glassnode data, Bitcoin miners' income reached a record high of 106.7 million US dollars yesterday.
The total open interest of BTC contracts is $31.2 billion
Coinglass data shows that the total open positions of BTC futures contracts on the entire network are 477,330 BTC, equivalent to approximately 31.2 billion US dollars.
Bitcoin block reward halving sparks bullish and skeptical opinion split
With the Bitcoin block reward halving approaching, investors and analysts have differing opinions on its potential impact on the cryptocurrency market. Bitwise Chief Investment Officer Matt Hougan believes that history shows that Bitcoin prices have risen in the long term after halving, and that a reduction in supply and institutional investment will drive prices up. However, Dan Dolev, managing director of Mizuho Securities, expressed skepticism, believing that the market has already fully reflected the halving and warning of possible selling pressure. Jeff Hancock, CEO of Coinpass, emphasized the increasing interest of institutions in Bitcoin, but there are still differences in the market.
Bitcoin network high priority transaction fees fall back to 735 Sat/byte
Mempool data shows that the current Bitcoin network transaction fees have fallen. The transaction fee for medium priority is currently reported at 669 Sat/byte, and the transaction fee for high priority is currently reported at 735 Sat/byte.
ETH/BTC exchange rate fell to 0.047
According to market data, the ETH/BTC exchange rate continued to decline to 0.04776, with a 24-hour decrease of 0.23%.
Affected by Rune Mint, the current Bitcoin block fee is 20 BTC
Bitcoin transaction fees reached 20 BTC per block due to the impact of the Rune Mint, and miner profits were twice as high as before the halving.
Bitcoin network transaction fees soar, high priority reaches 2000 Sat/byte
According to data from mempool.space, Bitcoin network transaction fees have skyrocketed. Currently, the fee without priority is 20 Sat/byte, low priority fee is 1314 Sat/byte, medium priority fee is 1659 Sat/byte, and high priority fee is 2000 Sat/byte.
BTC has completed its fourth halving
According to data, on April 20, 2024, at 8:09, BTC successfully completed its fourth halving at block height 840,000. The mining reward for the Bitcoin network was reduced from 6.25 BTC to 3.125 BTC. The last halving occurred on May 11, 2020.
ANTPOOL upgrades BTC transaction acceleration service to give priority to user transactions being confirmed
Digital currency mining platform ANTPOOL announced an upgrade to its BTC transaction acceleration service, which aims to prioritize users' transactions on the blockchain. ANTPOOL stated that after the BTC halving, the network experienced historic congestion, and their transaction acceleration service is committed to providing users with a fast channel for transactions, ensuring that users' transactions are confirmed with priority.
