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Bitcoin halving 2024 - miners predict potential outcomes of reduced BTC rewards
Bitcoin’s price will significantly influence the impact of the highly-anticipated halving on miners in 2024.
Leading Bitcoin mining players have highlighted the need for efficiency to remain profitable and operational after the halving in 2024.
Cointelegraph contacted several mining firms to unpack the expected effects of the Bitcoin halving on the industry and the implications for small and large-scale miners.
Bitcoin’s protocol is hardwired to reduce the amount of BTC awarded to a miner for adding a block to the ongoing chain. Mining reward halvings occur every 210,000 blocks, and with a block added to the blockchain every ten minutes, halvings come around every four years.
The next halving, the fourth such event, will cut the Bitcoin mining reward from 6.25 BTC to 3.125 BTC. The previous halvings took place in 2012, 2016 and 2020. Read More
'Free Money': These Are the Hottest Airdrops Around Right Now
UPDATED: More and more airdrops are coming, including from Jupiter, Portal, Blast, and Frame, plus Solana Saga owners can claim more.
How do crypto protocols incentivize and reward early users and contributors? Token airdrops. By handing out protocol tokens, the early users who helped build and propel a network or app are typically given a say in decentralized governance—and the tokens have value, too.
Not every airdrop will fill your wallet with a sizable bag of tokens, but you never know—users have collectively netted millions of dollars in tokens during past airdrops, and sometimes crypto tokens gain value over the long haul.
Recent high-profile airdrops from the likes of Blur and Pyth Network may inspire you to look for the next big protocol to reward users for participation. It's important to note, though, that most projects now prefer retroactive airdrops to reward past activity. So, if you haven’t yet interacted with these protocols, you might already be out of luck. Read More
Bitcoin Token ORDI Surges to New High, Nearing Top 50 Coins
The price of ORDI, the biggest token minted on the Bitcoin network, is surging again today—and is one of this week's best-performers.
The price of ORDI, by far the most valuable token minted using the Bitcoin BRC-20 standard, touched a new all-time high Friday as it inches nearer and nearer to the top 50 cryptocurrencies by market cap.
The biggest BRC-2o asset hit a new peak price of $81.96, according to CoinGecko. It has since experienced a sell-off and has dropped by over 11%. It is now trading for $73.92, a 6% jump over the past 24 hours, and sits as the 56th largest cryptocurrency via market cap.
Over the week, though, it is one of the best-performing cryptocurrencies with a total seven-day spike of 45%. Its price action reflects the interest investors still have in Ordinals—NFT-style inscriptions on the Bitcoin network. Read More
Orbit Bridge hack pushes December crypto theft to nearly $100M
The Orbit Bridge exploit on New Year’s Eve saw hackers make off with $81.5 million.
The recent attack on Orbit Chain’s cross-chain bridge has pushed up the amount of crypto stolen in December 2023 to almost $100 million, according to blockchain security firms.
On Jan. 1, blockchain security firm PeckShield said the $81.5 million cross-chain bridge exploit on Orbit Bridge meant that December was the fifth-highest month for hacks in 2023.
The exploit was also the ninth-largest hack targeting a cross-chain bridge over the past three years, it said.
Orbit Bridge is the bridging service of the cross-chain protocol Orbit Chain, launched in South Korea in 2018, which later confirmed it was hacked due to an unauthorized breach of access to its ecosystem on Dec. 31 at 8:52 pm UTC. Read More
What Does The Wallet Do? What Does It Mean For You?
The launch of the Markethive wallet is approaching, so it’s time to start beating the proverbial drum. It is the start of an exciting time with the advent of many integrations to follow the release of the wallet that will bring Markethive into prominence as an unprecedented platform. The combination of inbound marketing, social media, digital broadcasting, video, conference rooms, e-commerce, gamification, etc.
Markethive is a blockchain-driven crypto economy, all-inclusive, with a distributed database system required for this decentralized, monolithic global project. We’re almost there with the release of the wallet that will initiate entrepreneurial sovereignty and open the floodgates of this divine enterprise with its plethora of systems and services, including the new interface and dashboard.
We now have a complete working wallet with the Solana Network, and we also have a fully functional crypto merchant account. The Markethive wallet is being polished with the finishing touches, keeping mindful that it’s not just a simple wallet but a comprehensive, dynamic engine centralized for you that powers your platform and business.
Markethive is fundamentally a sophisticated inbound marketing and storefront platform, integrated with a social network, and not just another social media platform you see popping up to counter the media tech giants we’ve come to know as oppressive, censoring you and using your personal data for their own gain. Read More
Crypto phishing scams took almost $300M from 324K victims in 2023: Report
Security platform Scam Sniffer says phishing sites can publish paid advertisements on Google and X, bypassing their guidelines.
Over 324,000 crypto users fell victim to phishing scams in 2023, with around $295 million in digital assets lost to wallet drainers.
In its “2023 Wallet Drainers Report,” blockchain security platform Scam Sniffer analyzed the trends surrounding drainers used in crypto phishing scams. The platform highlighted that there was continued growth in phishing activities throughout 2023.
In addition, Scam Sniffer also reported that even when drainers close down, “phishing gangs” just take their business elsewhere, as there seems to be no lack of platforms providing services for scammers. Read More
Over $80 Million Stolen in Orbit Chain Exploit, Assets 'Remain Unmoved'
Orbit Chain said that it would use "all available methods" to recover the stolen funds, which have yet to be moved by the attacker.
Cross-chain bridge project Orbit Chain was hit by a "cyberattack" Monday, with over $80 million drained from its bridge.
The project stated that following "unidentified access" on Orbit Bridge, an attacker had taken and was holding $84.5 million worth of assets across multiple wallet addresses. The stolen funds total 26,741.6 ETH held across five addresses (worth around $64.5 million at current prices), with just under $20 million worth of the stablecoin DAI held in another three addresses.
The stolen funds "remain unmoved," Orbit Chain said in a tweet, adding that its team was "constantly monitoring" the assets, that it was in "close contact" with law enforcement agencies and was endeavouring to communicate with the attacker. Read More
2024 Will Be ‘Incredibly Powerful’ for Crypto, Says Morgan Creek’s Mark Yusko – Here’s Why
Morgan Creek Capital founder and CEO Mark Yusko is saying that the crypto industry faces positive prospects in 2024.
In a new interview on The Dales Report, Yusko says that 2024 is “going to be an incredibly powerful” year for crypto, aided by the alignment of various factors.
“That’s kind of what we have coming into 2024. We have this celestial alignment of all the things, all the cycles. So we have the four-year cycle in Bitcoin, right? The halving happens in April, or early May, depending on the blocks. But that’s going to happen.
We’ve got this wave of liquidity that’s about to be unleashed with the approval of the [spot Bitcoin] exchange-traded fund (ETF).
We’ve got this cyclical wave of it looks like the economy is slowing therefore the Federal Reserve’s going to go back to accommodation which will devalue the dollar more, which means if we price Bitcoin in dollars, the price of Bitcoin goes up.” Read More
Ripple added to Central Bank of Ireland’s virtual asset service providers register
Ripple, a specialist in enterprise blockchain and crypto solutions, has revealed that the Central Bank of Ireland (CBI) has added its Irish subsidiary Ripple Markets Ireland Limited (Ripple Markets) to its list of registered Virtual Asset Service Providers (VASPs).
The decision will support Ripple’s business since, as a registered VASP, Ripple Markets will be able to provide certain digital asset services within Ireland.
Following the registration, Ripple will seek to provide services to clients across the European Economic Area once the Markets in Crypto Assets Regulation (MiCA) comes into force at the end of 2024, subject to the acquisition of other necessary licences.
Ripple opened its Dublin office in 2022, recognising that Ireland continues to position itself as a favourable destination for companies building new technologies for financial services. For instance, the CBI created an Innovation Hub in 2018 to allow fintech firms to engage with the regulator in a more informal manner. Read More
Disclaimer: These articles are provided for informational purposes only. They are not offered or intended to be used as legal, tax, investment, financial, or any other advice.
