The post Bitcoin Halving 2024: Unveiling the Impact on BTC Price and Crypto Market Dynamics appeared first on Coinpedia Fintech News Itâs Bitcoinâs halving day today! Bitcoinâs fourth block reward halving has come and gone, marking a significant event in the cryptocurrencyâs history. With each halving, the reward for mining new Bitcoin blocks is reduced by half, affecting the supply chain of the digital asset. This time around, the system now generates 3.125 BTC per block, down from 6.25 BTC previously. Halving Impact on BTC Price Leading up to the BTCHalving2024, Bitcoin experienced some price volatility, dipping as low as $59,685 before bouncing back above $65,000. Having said that, Geopolitical tensions, such as Israelâs recent attack on Iran, contributed to market fluctuations, highlighting Bitcoinâs sensitivity to global events. #Bitcoin reached block 840,000! Happy fourth #halving everyone! May the next 210,000 blocks bring even more prosperity and adoption!â Whale Alert (@whale_alert) April 20, 2024 In contrast to previous halvings, when prices often went up sharply afterwards, this one has been stable. But Bitcoin has already been on an amazing rise, rising from $15,500 in late 2022 to a high point of $73,680, buoyed by factors like the approval of spot Bitcoin ETFs in the U.S. Analysts Have Mixed Views on the BTC Movement Analysts have differing views on the potential impact of the halving on Bitcoinâs price trajectory. While some anticipate a post-halving rally, others, like JPMorgan, have cautioned that Bitcoin may experience a drop due to being in âoverbought conditions.â The success of previous halving cycles relied on supportive macroeconomic conditions, according to Goldman Sachs. What makes this halving different? One thing that makes this halving unique is that Bitcoinâs hash rate, which is the amount of computing power used to mine and protect the network, is likely to stay the same. In the past, when hash rate was cut in half, there were short-term drops that were quickly followed by increases. This time, only small changes are expected. The approval of U.S. Bitcoin ETFs has sped up project development and business adoption, which has led to higher demand for Bitcoin. But there are still problems with making Bitcoin less vulnerable to future geopolitical tensions, changes in regulations, and technical flaws. Even with all of these uncertainties, cryptocurrency continues to attract investors from around the world, securing its place as a major player in the worldâs financial system. What to expect? As we all know, the Bitcoin halving reduces new coin issuance, making it deflationary with a fixed supply. So there are chances that short-term traders may face challenges as market excitement may already be priced in. However, Bitcoinâs price is driven by sentiment rather than facts. Its long-term scope depends on sustained investment. While the halving may affect its price in the short term, its future relies on continued investment.
The post Bitcoin Miners May React Different Post Halving! appeared first on Coinpedia Fintech News An increase in the selling pressure is a common trend among the Miners during the Bitcoin cycle. However, miners showed a different behavior this time as the selling pressure had not increased during the final hours or even post-halving. If the historic pattern repeats, an accumulation of BTCs among miners could be recorded for the upcoming price rally in the coming months.
The post Dogecoinâs Evolution and the Emergence of DogeDay: What You Should Know appeared first on Coinpedia Fintech News Dogecoin is a hot topic in the world of cryptocurrency right now. It is not just a fluke; there is a reason it is getting so much attention. A big part of this buzz is thanks to something called DogeDay, a special event celebrated by the Doge community. But before we dive into DogeDay, letâs take a step back and look at how Dogecoin has evolved over time. Understanding this history will help us grasp the significance of Doge Day. So, are you ready to explore the journey from Dogecoinâs beginnings to the exciting concept of Doge Day? 1. Dogecoin: A Simple Intro Dogecoin, created in 2013, started as a fun twist on serious cryptocurrencies like Bitcoin, featuring a meme-inspired name and logo. Originally viewed as a humorous âmemecoin,â it gained significant value in 2021, reaching a market cap exceeding $20 billion. Unlike Bitcoinâs scarcity, Dogecoin is designed to be abundant, with over 140 billion coins in circulation and 10,000 new coins minted every minute, reflecting its unique approach to digital currency. 1.1. The Evolution of Dogecoin Here is the shortest timeline of the evolution of Dogecoin: Late 2013: Dogecoin created as a joke to showcase blockchain technology. December 2013: Dogecoinâs value surged by almost 300%. January 2014: Dogecoin briefly became the most traded cryptocurrency. Dogecoin community raised $50,000 for the Jamaican Bobsled Team to attend the Sochi Winter Olympics. March 2014: The community raised $67.8 million to sponsor NASCAR driver Josh Wise. Inspired by the previous charity successes, Dogecoin Foundation led by Eric Nakagawa initiated a fundraiser to build a well in Kenya with Charity: Water.  July 2020: Dogecoinâs price rise due to a TikTok trend. May 2021: SpaceX announced a mission to the Moon funded by Dogecoin. January-February 2021: Dogecoin surged over 800% driven by Reddit users and endorsements from figures like Elon Musk. April-May 2021: Dogecoin Surpassed $0.50, boosted by overall cryptocurrency market trends and publicity from Musk.  April, 2023: Twitter replaced its bird logo with the Doge meme for desktop users. The timeline shows that the journey Dogecoin has undergone to become what it is now is inspiring. It has tasted everything from success to failure â ups and downs and more. 1.2. The Relevance of Dogecoin The prime importance of Dogecoin lies in its market value. In 2021, its prices skyrocketed due to factors like Reddit-driven retail investors, Elon Muskâs tweets and media coverage. Despite volatility, the cryptoâs role is becoming more and more significant, especially during periods of surging prices like the DogeDay rally. Also Check Out : Dogecoin Price Prediction 2024 â 2025: Will DOGE Prices Top $1 With This Break? 2. Whatâs DogeDay There are reasons to believe that the Dogecoin market is at present under the influence of a DogeDay rally â as the next DogeDay is a day away (on 20th April). What exactly is a DogeDay? DogeDay is an unofficial holiday, celebrated by the Dogecoin community. The funniest part is its date of celebration was chosen, purposefully as 20th of April, for it aligns with April Foolâs month. Interestingly, the community welcomes the choice enthusiastically, as it embraces its humorous and enthusiastic nature as a meme coin. DogeDay, though it represents no specific achievements, symbolises the digital currencyâs cultural significance and the camaraderie within its community.    This explains why we often see a period of rally around this date not only in Dogecoin but also in the entire meme coin segment, especially in the top meme coins of the canine persuasion. Read Also : Memecoins Regain Strength, DOGE Price Building Pressure, While dogwifhat Surges Above 15% Endnote Dogecoinâs journey from meme-inspired inception to mainstream attention is sensational. DogeDay, a special day of the Dogecoin community celebrated 20th of April, embodies the cryptoâs cultural significance and community spirit. As the celebration date approaches, the rally around this unofficial holiday reflects the enduring impact of Dogecoin and its special day in the cryptocurrency landscape.
The post Happy 4th Bitcoin Halving! appeared first on Coinpedia Fintech News The Bitcoin Network has officially completed its 4th Halving at the block number 840,000, reducing the rewards earned by miners from 6.250 to 3.125 BTCs. Following the 3rd Halving, Bitcoinâs price initially saw a decent rise, but it later surged from around $9K to an all-time high of $64,863 in April 2021, a jump of 620% to its value.
MANTRA has launched a new incubation programme at the Dubai World Trade Center (DWTC), following an $11million funding round led by Shorooq Partners. The new programme becomes part of MANTRAâs effort to contribute to the Real World Asset (RWA) tokenisation sector, with a focus on the MENA region. Established in partnership with the leading corporate service provider in the UAE, Virtuzone, the MANTRA Incubator programme looks to help develop emerging projects within the MANTRA ecosystem and in the RWA sphere. MANTRA will provide startups with financial support for development, infrastructure costs, licensing, banking, and administrative services. MANTRA will select five projects to join the incubator programme, receiving comprehensive support to ensure their successful integration into the MANTRA Chain ecosystem. John Patrick Mullin, founder and CEO of MANTRA Each chosen project will benefit from a seed investment of $100,000. The funds will be allocated from the personal funds of MANTRAâs founder and CEO, John Patrick Mullin, showcasing his deep involvement and eagerness to make the programme a success. Mullin emphasised the programmeâs aim to go beyond workspace provision: âWeâre building a holistic platform for innovation in the Web3 space, enabling promising companies to leverage resources, networks, and a nurturing environment in one of the most vibrant crypto scenes globally.â Alongside the grants, the programme includes the dedicated assistance of an experienced project manager to oversee progress and provide expert guidance, as well as the opportunity to establish valuable connections, and gain access to a network of investors, setting a solid foundation for their future growth and success within the MANTRA ecosystem. Making Dubai a centre for crypto innovation Neil Petch, chairman and co-founder of Virtuzone, also discussed the launch: âWe have seen the unprecedented growth potential of Web3 companies in recent years, especially in specialised areas such as AI, big data and machine learning. Neil Petch, chairman and co-founder of Virtuzone âAs a forward-looking company, we aim to be early movers in this space and build the necessary infrastructure for Web3 start-ups to launch and scale. The UAE envisions having 10 unicorns by 2030, and we aspire to work in unity with the government in realising that vision.â The incubation journey will commence at the MANTRA offices in Hong Kong, where the teams will spend an enriching month immersing themselves in the vibrant tech scene. The journey will continue in San Francisco, offering another month of exposure to innovative practices and industry leaders. Eventually, the teams will be headquartered in the prestigious Dubai World Trade Center, providing a global platform for the projects to showcase their potential. Located in the Sheikh Rashid Tower at DWTC, the incubation space is located in the buildingâs Maktabi business centre covering over 17,000 square feet, reflecting Dubaiâs role as a centre for crypto innovation and matching MANTRAâs goals for a vibrant startup ecosystem. George Hojeige, group CEO of Virtuzon, also added: âOur milestone collaboration with MANTRA and this pioneering incubator project echo our commitment to creating a conducive environment for Web3 start-ups to grow, thrive and scale exponentially. Our vision is to increasingly pivot towards a tech and innovation-driven growth strategy and establish ourselves as a pillar of support for Web3 and fintech development, not only in the country but across the region.â The post MANTRA Unveils Real World Asset Tokenisation Incubation Programme in the UAE appeared first on The Fintech Times.
The post XRP Holderâs Attorney Represents Thousands of Coinbase Customers in SEC Battle appeared first on Coinpedia Fintech News Rippleâs XRP Holderâs Attorney to Represent Over 4,700 Coinbase Customers in SEC vs. Coinbase Case A few hours later after Eleanor Terretâs interview with the Securities and Exchange Commission (SEC) and Coinbase, the Fox Business journalist XRP holdersâ attorney John E Deaton sought permission to represent a sizable group of Coinbase customers. XRP holdersâ attorney in Coinbase Fight Attorney John E Deaton has filed for permission to file an amicus curiae on behalf of 4,701 Coinbase customers in the SEC vs. Coinbase case. After the SEC scored a huge win on the case, Coinbase made a bold move by filing for an interlocutory appeal, challenging a key legal point in its dispute with the SEC. This appeal aims to address the regulatory uncertainty surrounding digital assets which could have far-reaching implications for the crypto industry. At the core of Coinbaseâs appeal is the application of the Howey test to digital asset transactions, which the exchange argues has led to ambiguity in determining what constitutes a security. By raising this point, Coinbase aims to address fundamental questions surrounding the regulatory status of cryptocurrencies. Implications Of Ripple vs SEC The outcome of the legal battle between Coinbase and the SEC could have implications for the SEC vs Ripple case. If Coinbase successfully challenges certain aspects of the SECâs regulatory stance on digital assets, it may set a precedent or provide legal arguments that Ripple could leverage in its defence. Conversely, if the SEC prevails against Coinbase, it could bolster the regulatorâs position and influence its approach to similar cases, including Rippleâs. Additionally, developments in one case may inform regulatory policies and interpretations that could impact the broader crypto industry, including Ripple. The outcome of Coinbase vs. SEC could indirectly affect Rippleâs legal proceedings and the overall regulatory environment for cryptocurrencies. John E Deatonâs representation of over 4,700 Coinbase customers not only sets a strong bond between the two companies but also the outcome of this case will undoubtedly have a profound impact on the regulatory landscape of the cryptocurrency industry in the US.
The post Solana Fans Swarm to Rising Cryptos Raboo & MEW as Prices Skyrocket appeared first on Coinpedia Fintech News The crypto industry is currently facing a memecoin boom as many meme projects have recorded massive peaks. With rising crypto projects launching rapidly, investors are considering the best option. The Solana price has lately been influenced by the high influx of memecoin investors within the ecosystem. As Raboo aims to displace other memecoins, its presale has drawn in heavy investments in its early stages. Solana: Massive Support For Memecoins Soar As Trading Volume Breaks $1 Billion Solana has seen a rise in trading volume within its decentralized exchanges. This has largely been attributed to the surge of memecoins within its ecosystem. As memecoins gain popularity, the Solana price has taken a bullish trajectory. With projects like MEW and WIF hitting the markets, traders are provided with profit-making opportunities. This increases the utility of Solana and drives adoption towards the network. Moreover, Solana remains dedicated to providing efficient decentralized services at minimal costs in the most eco-friendly way possible. Itâs no surprise to see why it is one of the fastest-growing blockchains within the crypto industry. MEW: A New Dawn For Memecoins As Cats Reign Supreme The launch of MEW, also known as Cat in a Dogâs World, on Solana saw a rise in the ecosystemâs trading activity. As a cat-based memecoin, MEW intends to challenge pre-existing traditions in the memecoin industry. While MEW has a primary objective of challenging the dominance of dog-themed memecoins on Solana, the project also spurs new dApps and services for mobile users. The token recently integrated with MoonPay, giving users leeway into the Ethereum network. However, in the past week, MEW experienced a 5.82% appreciation, followed by a sharp decline of up to 20%. This trend and price path indicate high volatility in MEW. Analysts advise caution as MEW investors struggle to secure their profits. Raboo: AI-Driven Memecoin Gains Massive Popularity As Memecoin Investors Tap In Raboo has made giant strides in its roadmap as its presale continues. The AI-based memecoin is a rising crypto to watch out for as it approaches $1 million raised. Its current presale phase lists $RABT tokens at $0.0036 with 1,400 token holders so far. This pairs well with the over 4,000 registered members on the platform. Additionally, Raboo provides a unique platform to incentivize community activities. This approach to community participation has made Raboo popular within the memecoin industry. The project satiates reliability concerns following its successful audit with SOLIDProof, a German security organization. As the Raboo (RABT) presale unfolds, analysts are certain of the projectâs longevity as a blue-chip asset. In terms of utility, Raboo users can interact with the platform using $RABT tokens, which are now available on the projectâs website. Conclusion With the many memecoins out today, confusion may arise on the best ones to invest in. As a highly speculative and volatile market, the memecoin industry retains its highly profitable nature while showing investors the dangers of reckless trading. Raboo provides a unique opportunity for investors to make substantial profits. Solana and MEW have shown promise, but Raboo remains the best choice. As memecoins become more popular, Rabooâs unique features make it the best choice for the next wave of crypto millionaires. You can participate in the Raboo presale here.
Troubleshooting payroll errors, chasing clients for payroll data and dealing with complex legislation have all proved to be significant challenges for SMEs in Australia. However, AI and automation could provide the âsilver bulletâ to ease these pains according to the employment platform, Employment Hero. For 73 per cent of SMEs in Australia, it takes longer than 24 hours to complete a pay run, Employment Hero revealed following a survey of 535 SMEs in the region. It also found that for 95 per cent of respondents, payroll takes up to three days and for some it can take five days or longer. In response to ongoing payroll pain, many SMEs are looking towards AI as a potential solution. Eighty-nine per cent would find it somewhat or significantly appealing to cut down payroll processing to minutes through the use of AI or automation. Phil Bernie, GM of payroll at Employment Hero Phil Bernie, GM of payroll at Employment Hero, discussed the issue: âItâs madness that in 2024 it takes days to complete pay runs for Australian businesses. With the software and automation available, running payroll should be a matter of hours. Using technology to free up this time allows accountants and bookkeepers to put their skills and experience to better use â something that our data showcases theyâre keen to do.â Overall, 81 per cent of respondents expect that the use of AI and automation will somewhat or significantly increase across their organisations over the next 12 months. As AI and automation advance, 51 per cent of respondents see it as an opportunity to improve their data analysis skills and 45 per cent to enhance their payroll expertise â 41 per cent believe it could increase opportunities for professional development. Automating employment management Bernie added: âAt Employment Hero, we envision a future where running payroll is largely automated leaving humans to apply their knowledge and skills to areas where they can provide most value. This includes offering support, advice and consultancy to their clients and customers. âItâs heartening to see support for AI and automation among Australiaâs business owners, bookkeepers and accountants. We know that a lot of fear and reticence are often felt in the face of increased automation. However, as we continue to see the benefits of AI and automation in our daily lives, I think weâre beginning to appreciate how it can also truly revolutionise how we manage employment.â Employment Hero boasts a suite of cloud products that remain up-to-date with new payroll legislation, and integrate payroll with other functions seamlessly. It hopes these will reduce the double-handling of data, minimise the need to check different applications to ensure theyâre âtalking to one anotherâ, and ensure businesses are complying with the latest rules and regulations. The post 89% of Australian SMEs Back AI to Reduce Payroll Pain, Finds Employment Hero appeared first on The Fintech Times.