The next bitcoin halving is coming. Here’s what you need to know

Bitcoin’s next halving is quickly approaching. But what is it, exactly?

Even those ignoring developments in the sector have likely come across the two-word phrase in a headline while scrolling to stories they would rather read — about Taylor Swift, football or these days, perhaps a combination of the two.  

For most, it’s clear that the halving will impact the supply of bitcoin (BTC) and potentially its price. 

But what exactly is the halving, why does it matter and why should you care? In this piece, Blockworks breaks down the ins and outs of the halving and what you should expect to see in the weeks ahead.

What is a bitcoin halving?

During a bitcoin halving, the rewards paid…

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Bitcoin Slips To $51K, Liquidations Peak: This Indicator Signals 10% Correction, Analyst Warns

Bitcoin BTC/USD is down 2% in the past 24 hours, trading around $51,100 and triggering crypto liquidations on the long side.

What Happened: Technical analyst Ali Martinez cited indicators triggering a sell signal for Bitcoin, tweeting:

 

In another post, the analyst highlighted that whales sold around 30,000 Bitcoin, valued $1.56 billion, over the past two days.

Whale selling may be an indicator for profit-taking and prompt prices to drop further.

Furthermore, Wednesday’s Federal Open Market Committee (FOMC) meeting minutes will offer insights on Fed officials’ reading of the macroeconomic situation and the timing of potential interest rate changes. This may further contribute to…

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Largest South Korean Parties Promise Bitcoin ETFs Before Election

The below is an excerpt from a recent edition of Bitcoin Magazine Pro, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now.

As South Korea approaches its next legislative election in 2024, both the current ruling party and the main opposition have pledged to make several pro-Bitcoin policies, most especially to approve a Bitcoin ETF.

On April 10, 2024, The Republic of Korea will carry out its legislative election, which takes place every four years….

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What Bitcoiners And Stoicism Have In Common?

This article is sponsored by Meanwhile

The ancient philosophy of Stoicism is making another comeback in the modern age, and nowhere more so than in the realm of Bitcoin. Emphasizing virtue, resilience, temperance, and justice, it’s a philosophy that resonates strongly with Bitcoiners. An observation of Bitcoiner behavior reveals a strong alignment with the tenets of Stoicism.

What is Stoicism and Why Does it Matter?

Stoicism is a philosophical school of thought founded in Athens in approximately 300 BC. In modern times, it is the most popular of the three philosophical schools of Ancient Greece, the other two being Epicureanism and Skepticism.

Despite already being over 450 years old in…

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Deltec Bank | Secret Involvement With FTX

Deltec Bank and Trust Ltd, a Bahamas-based financial institution, has found itself embroiled in controversy amidst accusations of aiding the now defunct FTX exchange’s fraudulent activities involving digital asset transactions. Allegations suggest that the bank extended substantial lines of credit and facilitated questionable transfers, raising concerns about its involvement in potential financial misconduct.

Accusations of Secret Credit Lines and Misuse of Funds

According to court documents and testimonies, Deltec is accused of secretly extending a $2 billion line of credit to Alameda Research, a trading firm associated with Sam Bankman-Fried (SBF). This credit line allegedly enabled…

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$1B Coinbase Withdrawals | Exchange Reserves At 9-Year Low

Coinbase, one of the leading digital asset exchanges, has seen a significant decline in its bitcoin holdings, reaching a low not seen in nine years. The substantial amount of Coinbase withdrawals off the platform has sparked discussions about its implications for the bitcoin market, particularly in anticipation of the upcoming Bitcoin halving event.

Coinbase Witnessing a Historic Decline in Bitcoin Holdings

Recent reports have highlighted a notable decrease in bitcoin holdings on the Coinbase exchange, marking its lowest level in nearly a decade. Large-scale investors, often referred to as “whales,” have withdrawn approximately 18,000 bitcoin, valued at nearly $1 billion, from the…

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BlackRock Bitcoin ETF | New Ad

BlackRock, the largest asset management firm in the world, has released another advertisement for its spot Bitcoin Exchange-Traded Fund (ETF) offering, labeling BTC as a “progress” and not a currency in the media campaign. 

The new BlackRock Bitcoin ETF advertisement employs a simplistic design with a yellow-colored background, featuring a runway and a plane—a departure from the conventional flashy approach often associated with digital-asset-related promotions.

BlackRock’s Spot BTC ETF Ad — SourceBlackRock Bitcoin ETF Mundane Ads

“Bitcoin ETFs have landed,” stated the yellow advertisement, as pointed out by senior Bloomberg analyst Eric Balchunas in a post on social media…

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NEW: Ripple’s CEO Endorses Idea of XRP ETF, Aiming for Broader Crypto Adoption

Ripple CEO Brad Garlinghouse, in a recent Bloomberg interview, expressed support for the creation of an XRP exchange-traded fund (ETF), which would mark a significant milestone for the cryptocurrency community. While he avoided detailing specific plans or discussions with asset managers like BlackRock, his enthusiasm underscores Ripple’s pivotal role in fostering XRP’s growth. Despite past rumors of BlackRock’s involvement in an XRP ETF proving unfounded, the push for such a financial product in the U.S. remains, with European markets already hosting XRP exchange-traded products (ETP).

Garlinghouse anticipates the emergence of diverse crypto ETFs, akin to the early diversification seen in stock markets, highlighting the importance of risk mitigation through varied investments. He points to the recent approval of Bitcoin ETFs in the U.S. as a positive development for the crypto industry, advocating for the broader adoption of crypto ETFs to enhance market safety and robustness. This perspective not only champions XRP’s inclusion in the expanding landscape of crypto investments but also signals a promising future for the broader acceptance of digital assets.

Bloomberg

Check Out the Top Crypto Gainers of the Day

$1M – $10M MarketCap:

  1. LayerAI (LAI): 23%
  2. Friend3 (F3): 18%
  3. Minu (MINU): 17%
  4. Geojam (JAM): 13%
  5. SUKU (SUKU): 12%

$10M – $100M MarketCap:

  1. Chappyz (CHAPZ): 67%
  2. Aventus (AVT): 51%
  3. Tenet (TENET): 51%
  4. Adappter Token (ADP): 43%
  5. AIPad (AIPAD): 31%

$100M – $1B MarketCap:

  1. Golem (GLM): 29%
  2. Alephium (ALPH): 24%
  3. Siacoin (SC): 23%
  4. XYO Network (XYO): 22%
  5. Ergo (ERG): 19%

Disclaimer: Market capitalizations can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.

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LATEST: Michael Saylor Remains Bullish on Bitcoin, No Plans to Sell Company Holdings

Michael Saylor, the former CEO of MicroStrategy, has made a bold declaration of faith in Bitcoin, choosing not to sell any of the company’s substantial holdings, amounting to 190,000 bitcoins valued at approximately $10 billion. This decision comes despite the company’s significant profit, given that these bitcoins were acquired at an average price of $31,224 each. In a Bloomberg TV interview, Saylor highlighted Bitcoin’s superiority over traditional assets like gold, real estate, and the S&P index, emphasizing its role as a cornerstone in the burgeoning digital economy.

Saylor’s strategy is reinforced by the role of spot ETFs in drawing institutional capital into Bitcoin, marking a pivotal shift towards digital assets. With Bitcoin’s market cap exceeding a trillion dollars, Saylor argues for its unmatched potential, steering clear of selling the asset. This approach not only cements MicroStrategy’s position as a “bitcoin development company” but also signals a broader investment trend favoring Bitcoin’s technical advantages over conventional asset classes.

Bloomberg