The 2024 Bitcoin halving is the “most bullish” setup for BTC price
Cointelegraph
by Zoltan Vardai
6h ago
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. The fourth-ever Bitcoin halving, which occurred on April 20, could give rise to the “most bullish” Bitcoin cycle, based on historical chart patterns combined with the presence of spot Bitcoin exchange-traded funds (ETFs). For the first time in crypto history, Bitcoin's (BTC) price reached a new all-time high of above $73,600 on March 13, before the halving event. Historically, Bitcoin price rallied to new highs in 5 ..read more
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USA to forge AI partnership with Nigeria for economic growth
Cointelegraph
by Amaka Nwaokocha
8h ago
The partnership aims to strengthen economic ties and ensure that AI deployment is safe, secure, transparent, and trustworthy. The United States of America (U.S.A) and Nigeria are poised to engage in discussions on the digital economy, emerging technology, and the advancement of artificial intelligence (AI) to explore potential partnership opportunities. During the closing ceremony of a four-day Workshop on National Artificial Intelligence Strategy in Abuja, Mr. Arthur Brown, the Deputy Chief of Mission at the U.S. Embassy, revealed this information. Brown stated that within two weeks, se ..read more
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Bitcoin halving 2024: 5 ways it’s different this time
Cointelegraph
by Helen Partz
9h ago
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. Another Bitcoin halving has come and gone, the fourth so far, and this one was like no other before it, with institutional investment playing a key role for the very first time. Bitcoin halvings have been historically associated with one essential similarity — a subsequent spike in BTC price, which often occurs some time after the halving. While the community has yet to find out whether the fourth halving will follow the same path, some things a ..read more
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Nigeria launches first multilingual large language model in Africa
Cointelegraph
by Amaka Nwaokocha
9h ago
Communications Minister Dr. Bosun Tijani revealed a collaboration between 21st Century Technologies, and Galaxy Backbone to expedite the progress of artificial intelligence projects crucial to the nation. Through the Ministry of Communications, Innovation, and Digital Economy, the Nigerian government has launched Nigeria’s first multilingual large language model (LLM) as the country pushes forward to take a leadership position in artificial intelligence (AI) development in Africa.  Nigeria’s Communications Minister, Dr. Bosun Tijani, announced on Friday, April 19, that the LLM launch ste ..read more
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Pro-XRP lawyer requests to be amicus curiae for Coinbase customers
Cointelegraph
by Ciaran Lyons
10h ago
Pro-XRP lawyer John Deaton says the urge to protect the customers "isn't about crypto," but more so about protecting the people that want to "build a little wealth." Pro-XRP lawyer John Deaton has fulfilled his pledge to support Coinbase customers by requesting to serve as a friend of the court in the exchange’s legal battle against the United States Securities and Exchange Commission (SEC). In an April 19 filing in the United States District Court for the Southern District of New York, Deaton requested to represent 4,701 Coinbase customers as amicus counsel in the ongoing lawsuit that commen ..read more
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Bitcoin halving hype breaks week-long ETFs outflow streak
Cointelegraph
by Arijit Sarkar
10h ago
Five of the 10 approved ETFs recorded positive inflows that overshadowed the GBTC outflows, bringing in a total of $30.4 million to the spot BTC ETF market. Bitcoin (BTC) investments in the United States exchange-traded funds (ETFs) market recorded a net positive inflow right before the Bitcoin halving day following five consecutive days of drain. Anticipating an increase in market value post-halving, investment strategies worldwide recommended adding Bitcoin to existing portfolios. The Bitcoin ETF market followed through with the strategy while putting an end to an outflow streak dating back ..read more
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Where will Bitcoin's price be at the next halving in 2028?
Cointelegraph
by Tom Mitchelhill
10h ago
Experts say the price of Bitcoin could top $200,000 by 2028 but concerns around network security and miner profitability still loom. Saturday’s Bitcoin (BTC) halving has officially seen the rewards paid out to miners reduced from 6.25 Bitcoin per block to 3.125 BTC. But now, experts turn their eye to where Bitcoin could be by the next halving in 2028.  Despite miners being technically paid less for their efforts in securing the network, halving events are widely regarded by many analysts as being a precursor to significant increases in the price of Bitcoin — with the “supply shock” of ne ..read more
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Bitcoin mining stocks saw spikes across the board ahead of halving event
Cointelegraph
by Ciaran Lyons
13h ago
Riot Platforms' share price outpaced other mining firms in the last 24 hours of the trading week, coinciding with a new Texas mining facility announcement. Several Bitcoin (BTC) mining firms listed on the Nasdaq stock exchange closed the trading week with a noticeable 24-hour increase in share prices in the lead-up to the Bitcoin halving event. On April 20, Bitcoin celebrated its fourth-ever halving event, and the date was likely firmly marked in the calendars of Bitcoin mining firms as it can significantly disrupt business operations. The halving event slashes miner rewards in half for every ..read more
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Bitcoin users spend record $2.4M in fees on halving block
Cointelegraph
by Tom Mitchelhill
14h ago
The 2024 halving block has gone down as the most expensive block ever mined in Bitcoin’s history — with users scrambling to inscribe rare assets via the new Runes Protocol. Bitcoin users have spent a staggering 37.7 Bitcoin (BTC) in fees — worth just over $2.4 million at current prices — to nab their share of limited space on the fourth-ever Bitcoin halving block.  At 12:09 am UTC on April 20, Bitcoin miner ViaBTC produced the 840,000th block, triggering the automated protocol that cuts miner rewards by 50% from 6.25 BTC to 3.125 BTC per block. Block 840,000 rapidly became the most sough ..read more
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Bitcoin halving 2024 — Done and dusted!
Cointelegraph
by Ciaran Lyons
17h ago
The landmark occasion sees a reduction in Bitcoin miner rewards, dropping from 6.25 BTC per mined block to 3.125 BTC. Bitcoin (BTC) has successfully gone through its fourth-ever halving event after posting its 840,000th block, the point at which mining rewards are slashed in half once again. The event has the crypto community eagerly awaiting what’s next for Bitcoin’s price, with some predictions reaching as high as $250,000. At the time of publication, Bitcoin’s price is $63,960, up 1.16% over the past 24 hours, as per CoinMarketCap data. Read more ..read more
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