Channel: Crypto | Bitcoin | Blockchain
The recent release of a set of emails between Satoshi Nakamoto, the pseudonymous founder of Bitcoin, and an early Bitcoin contributor, Martti Malmi, has shed light on the digital currency’s original philosophy and initial operational issues. These emails are among a wider communication initially unearthed during legal proceedings involving Craig Wright, which reveal Nakamoto’s particular goals for Bitcoin.
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https://hottg.com/Crypto_Bitcoin_Blockchain
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Benchmark has initiated coverage of bitcoin miner Hut 8, giving the company a "buy" rating and a price target of $12. In its evaluation, Benchmark factored in the company's "diversified business model" following the completion of its merger with U.S. Bitcoin Corporation. This includes multiple new revenue streams from self-mining, managed services, hosting, high-performance computing and artificial intelligence.
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https://hottg.com/Crypto_Bitcoin_Blockchain
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Bitcoin layer 2 solution tokens have demonstrated superior performance to BTC following the highly anticipated halving of the mining reward on the blockchain. Since the event, these tokens have surged by 5% to 20%, outpacing the top crypto by market cap. According to CoinGecko data, the market cap for Bitcoin layer 2 solutions is $4.3 billion, marking a 5.6% increase in the past 24 hours. Meanwhile, the trading volume is $184 million.
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https://hottg.com/Crypto_Bitcoin_Blockchain
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The Philippines Securities and Exchange Commission (SEC) said it is working with Google and Apple to remove the Binance app from their app marketplaces for Filipino users, according to an April 23 statement. According to the regulatory chief, Binance’s “sale or offer of unregistered securities to Filipinos and operating as an unregistered broker constitutes a violation of Republic Act no. 8799, or The Securities Regulation Code.”
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https://hottg.com/Crypto_Bitcoin_Blockchain
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Bitcoin, along with the rest of the cryptocurrency market, may trend higher following the liquidation of highly elevated leveraged positions before the halving, an analyst said Tuesday. The week leading up to last Saturday's bitcoin halving saw a flush-out of a substantial amount of leveraged long positions, when bitcoin fell to a recent low below the $60,000 level.
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https://hottg.com/Crypto_Bitcoin_Blockchain
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🇳🇬 Nigeria denies freezing over 300 P2P accounts on more crypto exchanges amid forex concerns
Nigerian authorities are gearing up for the next phase of their crackdown on crypto trading, targeting peer-to-peer (P2P) platforms like OKX, Binance, KuCoin, and Bybit, according to a trending circular on social media platform X. Meanwhile, the Central Bank of Nigeria (CBN) said the information contained in the circular did not originate from it, claiming it is “fake content.” People familiar with the matter stated that backtracking on unpopular policies was not uncommon in the region.
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https://hottg.com/Crypto_Bitcoin_Blockchain
Nigerian authorities are gearing up for the next phase of their crackdown on crypto trading, targeting peer-to-peer (P2P) platforms like OKX, Binance, KuCoin, and Bybit, according to a trending circular on social media platform X. Meanwhile, the Central Bank of Nigeria (CBN) said the information contained in the circular did not originate from it, claiming it is “fake content.” People familiar with the matter stated that backtracking on unpopular policies was not uncommon in the region.
Source
https://hottg.com/Crypto_Bitcoin_Blockchain
🇪🇺 EU's anti-money laundering bill passes final vote, here's what's next for crypto-asset service providers
The European Parliament adopted new rules that would formally put in place due diligence requirements for crypto firms in a bid to combat money laundering. The European Parliament voted on Wednesday to adopt a package of laws that would in part enhance "due diligence measures and checks on customers’ identity" including so-called crypto asset managers. They would also have to report suspicious activities to authorities.
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https://hottg.com/Crypto_Bitcoin_Blockchain
The European Parliament adopted new rules that would formally put in place due diligence requirements for crypto firms in a bid to combat money laundering. The European Parliament voted on Wednesday to adopt a package of laws that would in part enhance "due diligence measures and checks on customers’ identity" including so-called crypto asset managers. They would also have to report suspicious activities to authorities.
Source
https://hottg.com/Crypto_Bitcoin_Blockchain
🇺🇸 SEC delays decision on listing and trading spot bitcoin ETF options, asks for public comments
The U.S. Securities and Exchange Commission is again delaying a slew of proposals that would allow for options on spot bitcoin exchange-traded funds and asked for public input. Multiple exchanges have since filed to allow for options trading on the newly approved spot bitcoin ETFs including Cboe Exchange, Inc., BOX Exchange LLC, MIAX International Securities Exchange LLC, Nasdaq ISE, LLC and NYSE American LLC.
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https://hottg.com/Crypto_Bitcoin_Blockchain
The U.S. Securities and Exchange Commission is again delaying a slew of proposals that would allow for options on spot bitcoin exchange-traded funds and asked for public input. Multiple exchanges have since filed to allow for options trading on the newly approved spot bitcoin ETFs including Cboe Exchange, Inc., BOX Exchange LLC, MIAX International Securities Exchange LLC, Nasdaq ISE, LLC and NYSE American LLC.
Source
https://hottg.com/Crypto_Bitcoin_Blockchain
Institutional investors increasingly sought exposure to crypto during the first quarter of the year following the launch of several US-based spot Bitcoin exchange-traded funds (ETFs) in January. The CoinShares Digital Fund Manager survey revealed that these institutional investors have significantly increased their digital asset allocations, reaching 3% in their portfolios. This marks the highest level since the survey’s inception in 2021.
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https://hottg.com/Crypto_Bitcoin_Blockchain
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The bitcoin halving that occurred this past Saturday has not yet resulted in the expected price increase stemming from the subsequent supply crunch. Instead, the world's largest digital asset by market cap has fallen by over 7% in the past seven days, according to The Block's Price Page. The core U.S. Personal Consumption Expenditures (PCE) Price Index, which excludes volatile food and energy prices, held steady at 2.8% on an annual basis, surpassing analysts' estimate of also 2.6%.
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https://hottg.com/Crypto_Bitcoin_Blockchain
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Metaplanet Inc. finalized its acquisition of 97.85 Bitcoins, amounting to a total purchase price of 1 billion Japanese yen. The investment and consulting company, listed on the Tokyo Stock Exchange, announced its purchase in a post on X on April 24. Metaplanet Inc. first announced its plans to purchase Bitcoin on April 8. The Japanese company revealed that the acquisition will total 1 billion Japanese yen, equivalent to approximately $6.25 million.
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https://hottg.com/Crypto_Bitcoin_Blockchain
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🇺🇸 DOJ Counters Motion to Dismiss Charges Against Tornado Cash Developer
The government’s submission to the Southern District of New York opposes dismissing the charges against Roman Semenov, who, along with Roman Storm, is accused of operating Tornado Cash as a mechanism for cybercriminals to launder more than $1 billion, including monies linked to North Korea’s armament programs. The document specifies that from September 2020 to August 2022, Tornado Cash reportedly engaged in extensive laundering activities, using blockchain anonymity technology to conceal the origins of illegal funds.
Source
https://hottg.com/Crypto_Bitcoin_Blockchain
The government’s submission to the Southern District of New York opposes dismissing the charges against Roman Semenov, who, along with Roman Storm, is accused of operating Tornado Cash as a mechanism for cybercriminals to launder more than $1 billion, including monies linked to North Korea’s armament programs. The document specifies that from September 2020 to August 2022, Tornado Cash reportedly engaged in extensive laundering activities, using blockchain anonymity technology to conceal the origins of illegal funds.
Source
https://hottg.com/Crypto_Bitcoin_Blockchain
🇺🇸 FBI Warns Against Using Unregistered Cryptocurrency Money Transmitting Services
The Federal Bureau of Investigation (FBI) has issued a warning about using unregistered cryptocurrency money transmitting services that fail to comply with U.S. anti-money laundering laws. The agency has provided tips for the public to protect themselves, advising them to avoid providers that do not require Know Your Customer (KYC) information.
Source
https://hottg.com/Crypto_Bitcoin_Blockchain
The Federal Bureau of Investigation (FBI) has issued a warning about using unregistered cryptocurrency money transmitting services that fail to comply with U.S. anti-money laundering laws. The agency has provided tips for the public to protect themselves, advising them to avoid providers that do not require Know Your Customer (KYC) information.
Source
https://hottg.com/Crypto_Bitcoin_Blockchain
Gas fees on the Ethereum network have dropped to a six-month low. The average cost is $1.12 per transaction, marking the lowest figure since October 18. Analysts from Santiment noted that this drop in gas fees could be the start of an upcoming altcoin rally. According to Santiment, traders typically cycle between periods of extreme optimism, often characterized by the belief that a certain asset is set for exponential growth, and periods of pessimism, marked by the sentiment that it is declining.
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https://hottg.com/Crypto_Bitcoin_Blockchain
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🇺🇸 SEC suspected Ethereum was a security since 2018, new Consensys documents reveal
The Gary Gensler-led Securities and Exchange Commission (SEC) began investigating Ethereum’s security status last year, according to an April 29 court filing by Consensys. The filing disclosed that Gurbir Grewal, the Director of the Division of Enforcement, sanctioned the Formal Order of Investigation concerning ‘Ethereum 2.0’ in March 2023. This Formal Order conferred broader authority upon SEC staff to investigate and subpoena individuals and entities involved in ETH transactions.
Source
https://hottg.com/Crypto_Bitcoin_Blockchain
The Gary Gensler-led Securities and Exchange Commission (SEC) began investigating Ethereum’s security status last year, according to an April 29 court filing by Consensys. The filing disclosed that Gurbir Grewal, the Director of the Division of Enforcement, sanctioned the Formal Order of Investigation concerning ‘Ethereum 2.0’ in March 2023. This Formal Order conferred broader authority upon SEC staff to investigate and subpoena individuals and entities involved in ETH transactions.
Source
https://hottg.com/Crypto_Bitcoin_Blockchain
According to The Block's Data Dashboard, implied volatility (IV) for ether ATM options has dropped from over 88% to a current IV of around 60% for one week, one month and multi-month expires. IV for bitcoin ATM options for the same expiry ranges has also fallen, from a mid-month high of over 77% to a current reading of below 51%.
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https://hottg.com/Crypto_Bitcoin_Blockchain
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🇺🇸 Expert fears resurgence of ‘environmental narrative’ as US coal miner generates $30 million by mining Bitcoin
Alliance Resource Partners (ARLP), a US-based coal mining company, said it has successfully mined 425 Bitcoin worth $30 million by harnessing excess energy from its facilities, according to its first-quarter earnings call. Over the past years, BTC mining companies have increasingly relied on green energy sources, with over 50% of their energy sources powered by renewable sources. ARLP’s entry into the BTC mining scene could prompt critics to renew their concerns about the environmental hazards associated with the sector.
Source
https://hottg.com/Crypto_Bitcoin_Blockchain
Alliance Resource Partners (ARLP), a US-based coal mining company, said it has successfully mined 425 Bitcoin worth $30 million by harnessing excess energy from its facilities, according to its first-quarter earnings call. Over the past years, BTC mining companies have increasingly relied on green energy sources, with over 50% of their energy sources powered by renewable sources. ARLP’s entry into the BTC mining scene could prompt critics to renew their concerns about the environmental hazards associated with the sector.
Source
https://hottg.com/Crypto_Bitcoin_Blockchain
🇺🇸 US Spot Bitcoin ETFs Report 5 Straight Days of Outflows, Totaling $635 Million
Since April 24, 2024, U.S. spot bitcoin ETFs have experienced five straight days of net outflows totaling $635 million. The most significant reduction occurred last Thursday, when BTC-centric ETFs offloaded $217.6 million. Yesterday’s activity ranked as the second highest, with $161.6 million exiting the funds. Notably, GBTC has consistently posted outflows daily since it began trading on Jan. 11, 2024, shattering all previous ETF outflow records ever documented.
Source
https://hottg.com/Crypto_Bitcoin_Blockchain
Since April 24, 2024, U.S. spot bitcoin ETFs have experienced five straight days of net outflows totaling $635 million. The most significant reduction occurred last Thursday, when BTC-centric ETFs offloaded $217.6 million. Yesterday’s activity ranked as the second highest, with $161.6 million exiting the funds. Notably, GBTC has consistently posted outflows daily since it began trading on Jan. 11, 2024, shattering all previous ETF outflow records ever documented.
Source
https://hottg.com/Crypto_Bitcoin_Blockchain
On May 1, 2024, Bitcoin’s hashprice significantly decreased to approximately $44.97 per petahash, a sharp decline from $50 just two days prior. The hashprice represents the expected daily earnings from 1 petahash per second (PH/s) of mining power. Despite the downturn in hashprice, April’s revenue remained strong, marking the second-highest in the last 12 months.
Source
https://hottg.com/Crypto_Bitcoin_Blockchain
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According to an unofficial draft on Github, the Orange platform leverages the Bitcoin Inscription DID method (did:btc), which incorporates data inscriptions in Bitcoin’s witness sections to manage decentralized identifiers (DIDs). By utilizing unspent transaction outputs (UTXOs) on the Bitcoin blockchain, Microstrategy Orange aims to ensure a secure and efficient management of digital identities, reducing both transaction fees and block space.
Source
https://hottg.com/Crypto_Bitcoin_Blockchain
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