What is "Bitcoin Halving"? What are the effects of Bitcoin Halving on the price of "Bitcoin"?
Introduction to Bitcoin Halving.
"Bitcoin halving" is a pre-programmed event that takes place in the Bitcoin network approximately every four years. During a Bitcoin halving event, the rewards that Bitcoin miners receive for validating blocks on the blockchain are cut in half. This means that the number of new bitcoins that are created as a reward for mining a block is reduced by 50%.
Purpose of Bitcoin Halving.
Bitcoin halving is built into the Bitcoin protocol as a way to control the supply
Understanding Support and Resistance Levels for More Profitable Trading? How to use this analysis?
Introduction
When it comes to trading in financial markets, one of the key concepts that traders need to understand is support and resistance. These are the levels at which prices tend to stop or reverse their movements, and they can be incredibly useful in making profitable trades. In this article, we will explain what support and resistance are, how traders can identify them, and how to use them in trading to make better decisions and increase profits.
Here are the top events in Crypto for the past 24 hours:
🟠 Binance US updates terms, halting direct dollar withdrawals. Users must convert USD to crypto for withdrawal. FDIC no longer insures USD deposits.
🟠 Ethereum's L2 Scroll network, using zero-knowledge proofs, launches on mainnet, promising faster speeds, lower fees, and efficient dApp development.
🟠 Vitalik Buterin, Ethereum's co-founder, clarifies he hasn't sold ETH since 2018, refuting claims of selling $15M USDc, stating it was a donation.
🟠 BNB Chain migrates BNB Greenfield data storage to mainnet; preps for Web3 data paradigm after successful testnet phase.
🟠 Wintermute & Mountain Protocol partner to bolster USDM liquidity; users can swap USDM for USDC anytime, enhancing Treasury bond access.
🟠 Roblox now accepts XRP for in-game purchases, facilitated by Xsolla and BitPay. The integration caters to Roblox's 200M monthly users.
🟠 Uniswap introduces 0.15% fee on select tokens like ETH, USDC, to fund operations. Fees apply on specific interfaces and swaps.
🟠 Bankrupt crypto exchanges FTX & FTX US may return over 90% of assets to customers by Q2 2024. A proposed settlement estimates payouts of $8.9B & $166M respectively.
🟠 Fantom Foundation's hot wallet hacked, losing $550K in crypto. Initial reports suggested higher losses; 99% foundation funds remain safe.
🟠 Fed Gov. Bowman skeptical of U.S. CBDC; sees alternatives like FedNow. Warns of stablecoin risks to banking.
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How to Grow Your Portfolio During the Bear Crypto Market?
Introduction The cryptocurrency market has been a rollercoaster ride lately. With bitcoin's value plummeting below $20,000 in June 2022, many investors are feeling the heat. It's a scenario that could leave anyone bewildered, but there's no need to panic. In this article, we'll explore four strategies to make the most out of a crypto bear market. So, let's dive in! Buy the Crypto Dip Using Dollar-Cost Averaging In the crypto world, wild price swings are not uncommon. However, there's a strategy