Bitcoin Lightning Archives - Cryptolifedigital

Binance Prioritizes Stability, Converts SAFU Funds to USDC

20Apr

By Tolulope ZaccheausNo Comments

Crypto Exchanges

Binance Prioritizes Stability, Converts SAFU Funds to USDC

Amidst heightened cryptocurrency volatility leading up to the Bitcoin halving, Binance, the world's leading crypto exchange, has announced a significant change to its emergency insurance fund, the Secure Asset Fund for Users (SAFU). SAFU Goes Stablecoin: 100% Conversion to USDC To enhance reliability and stability, Binance has fully converted SAFU's assets to USDC, a US dollar-backed stablecoin issued by Circle Internet Financial. This move away from Bitcoin and Binance's native token BNB highlights a strategic shift towards a more stable reserve for user protection. Read Also: Bitcoin Successfully Halves, But Price Impact Remains Unclear "We are transferring 100 per cent of SAFU's assets to USDC," stated Binance. "A trusted, audited, and transparent stablecoin strengthens SAFU's r...

Bitcoin Successfully Halves, But Price Impact Remains Unclear

20Apr

By Raliat IdrisNo Comments

Bitcoin

Bitcoin Successfully Halves, But Price Impact Remains Unclear

The highly anticipated fourth Bitcoin halving event has come and gone, with miner rewards for each block cut in half from 6.25 BTC to 3.125 BTC. This programmed event, occurring roughly every four years, directly impacts the rate of Bitcoin creation. Slower Bitcoin Production and Future Halvings With the halving, the daily production of Bitcoin will be cut in half, dropping from an average of 900 BTC to 450 BTC. This follows a decade-long trend of decreasing mining rewards, with previous halvings occurring in 2012, 2016, and 2020. The next halving is expected around the first quarter of 2028, at a block height of 1,050,000. The halving process will continue until roughly 2140 when all 21 million Bitcoins are mined. Read Also: Shiba Inu Marketing Fuels Optimism in India, Despite Price ...

Bloomberg Strategist Mike McGlone Reiterates $100,000 Bitcoin Price Prediction Despite Potential Dip

25Jul

By OLAJIDE SAMUELNo Comments

Bitcoin

Bloomberg Strategist Mike McGlone Reiterates $100,000 Bitcoin Price Prediction Despite Potential Dip

In a recent interview with crypto influencer Scott Melker, Bloomberg Intelligence's senior macro strategist, Mike McGlone, reaffirmed his long-term prediction of Bitcoin (BTC) reaching $100,000. However, he cautioned that the cryptocurrency could experience a significant dip before achieving that milestone. McGlone emphasized that he initially made the call for Bitcoin to reach $100,000 when it was trading below $20,000. While he remains confident in the six-figure price target for the long term, he believes it is more likely for Bitcoin to undergo a 50% correction and fall to the $20,000 level or even establish a new low before embarking on a parabolic trajectory. Read Also: Binance Heeds LUNC Rebel's Call for More Trading Pairs on LUNC To support his forecast, McGlone pointed to...

Grayscale CEO Believes Approval of Spot Bitcoin ETF by SEC Imminent

13Jul

By Adaralegbe Tosin MNo Comments

Bitcoin

Grayscale CEO Believes Approval of Spot Bitcoin ETF by SEC Imminent

In a recent tweet that sparked excitement within the cryptocurrency community, the CEO of Grayscale Investments, Michael Sonnenshein, expressed his confidence in the eventual approval of a spot Bitcoin Exchange-Traded Fund (ETF) by the U.S. Securities and Exchange Commission (SEC). Sonnenshein's tweet read, "It's a matter of when, it's not a matter of if" a spot #Bitcoin ETF gets approved by the SEC, igniting speculation about the future of cryptocurrency investment. https://twitter.com/BitcoinMagazine/status/1679176669108617230 The announcement by the influential CEO, whose firm manages the world's largest Bitcoin investment trust, comes after years of attempts by various entities to gain regulatory approval for a Bitcoin ETF. The SEC has historically been cautious about approving s...

CBOE Bitcoin ETF Applications Forge Surveillance-Sharing Agreements with Coinbase, Await SEC Decision

12Jul

By OLAJIDE SAMUELNo Comments

Bitcoin

CBOE Bitcoin ETF Applications Forge Surveillance-Sharing Agreements with Coinbase, Await SEC Decision

In a significant development for the cryptocurrency industry, all five spot Bitcoin exchange-traded fund (ETF) applications submitted by the Chicago Board Options Exchange (CBOE) have reached surveillance-sharing agreements with Coinbase, a leading cryptocurrency exchange. This news, shared by Bitcoin Magazine, has sparked anticipation as market participants eagerly await the Securities and Exchange Commission's (SEC) decision on these groundbreaking ETF proposals. Read Also: Renowned Author of "Rich Dad, Poor Dad" Predicts the Demise of the US Dollar, Foresees Bitcoin Surging to $120,000 Next Year. https://twitter.com/BitcoinMagazine/status/1678774627743707138 Surveillance-Sharing Agreements Boost CBOE Bitcoin ETF Applications The CBOE's pursuit of Bitcoin ETFs has gained momentum...

Bitcoin Institutional Fund Accumulation Signals Increasing Confidence in Long-Term Potential

3Jul

By OLAJIDE SAMUELNo Comments

Bitcoin

Bitcoin Institutional Fund Accumulation Signals Increasing Confidence in Long-Term Potential

Institutional investors are displaying a notable surge in their accumulation of Bitcoin, signalling growing confidence in the long-term potential of the leading cryptocurrency. Analysis of fund holdings reveals a clear upward trend in institutional entities' cryptocurrency portfolios, demonstrating their keen interest in acquiring Bitcoin, even at its current price level. This accumulation pattern showcases a patient and strategic approach distinct from the short-term investment strategies employed by other market participants who closely monitor price fluctuations. Read Also: Binance Conducts 11th Terra Classic (LUNC) Token Burn Amid Community Disputes https://twitter.com/cryptoquant_com/status/1675678718659006464 Hedge funds Seeks long-term investment opportunities in Bitcoin He...

Bitcoin Miners Transact Over $1 Billion Worth of BTC, Triggering Market Speculation

28Jun

By CryptolifedigitalNo Comments

Bitcoin

Bitcoin Miners Transact Over $1 Billion Worth of BTC, Triggering Market Speculation

Bitcoin miners have recently initiated a substantial movement of funds, transferring more than $1 billion worth of Bitcoin (BTC) to various cryptocurrency exchanges. This significant development within the crypto industry has ignited widespread speculation and sparked debates among market participants. https://twitter.com/cryptoquant_com/status/1673890203000512512 Bitcoin Miners Move Over $1 Billion Worth of BTC The movement of such a substantial amount of BTC by miners has raised eyebrows within the cryptocurrency community. As the backbone of the Bitcoin network, miners play a vital role in securing the blockchain and validating transactions. However, their decision to transfer such a massive sum to exchanges has triggered speculation regarding their intentions and the potential imp...

Fidelity Readies $4.5 Trillion Spot Bitcoin ETF Filing, Propelling Crypto Adoption

28Jun

By OLAJIDE SAMUELNo Comments

Bitcoin

Fidelity Readies $4.5 Trillion Spot Bitcoin ETF Filing, Propelling Crypto Adoption

In a groundbreaking move for the cryptocurrency industry, Fidelity Investments, one of the world's largest asset managers with $4.5 trillion in assets under management, is reportedly preparing to file for a spot Bitcoin exchange-traded fund (ETF). This development signals a significant step toward the mainstream adoption of digital assets and could have far-reaching implications for both the financial and crypto markets. https://twitter.com/BitcoinMagazine/status/1673786304956616706 Fidelity To Launch a $4.5 Trillion spot Bitcoin ETF Fidelity's decision to launch a spot Bitcoin ETF underscores the growing recognition of cryptocurrencies as a legitimate asset class among institutional investors. The move also highlights the increasing demand for regulated investment vehicles that provi...

Bitcoin Dominance Surpasses 50% as Cryptocurrency Market Evolves.

24Jun

By OLAJIDE SAMUELNo Comments

Bitcoin

Bitcoin Dominance Surpasses 50% as Cryptocurrency Market Evolves.

In a significant milestone for the cryptocurrency market, Bitcoin dominance has officially surpassed 50%, reflecting the growing influence and resilience of the world's largest cryptocurrency. This achievement marks a turning point in the ever-evolving landscape of digital currencies as Bitcoin consolidates its position as the leader amid a diverse range of alternative cryptocurrencies. With Bitcoin Magazine breaking the news, the milestone underscores Bitcoin's enduring appeal and serves as a testament to its longevity and market acceptance. Read Also: Potential Synergy between Bitcoin and Shiba Inu (SHIB) Sparks Speculation of Explosive Growth https://twitter.com/BitcoinMagazine/status/1672341650188713985 Bitcoin Dominance Reaches New Heights Bitcoin, the pioneering digital curre...

Binance Announces Integration of Bitcoin Lightning Network for Deposits and Withdrawals

20Jun

By OLAJIDE SAMUELNo Comments

Crypto Exchanges

Binance Announces Integration of Bitcoin Lightning Network for Deposits and Withdrawals

Binance, one of the world's leading cryptocurrency exchanges, has recently announced its plans to integrate the Bitcoin Lightning Network for deposits and withdrawals. This move signifies Binance's commitment to enhancing the efficiency and scalability of Bitcoin transactions. Binance To Integrate The Bitcoin Lightning For Deposits And Withdrawals The news broke after eagle-eyed users spotted lightning nodes associated with Binance's infrastructure, leading to speculation about the exchange's involvement with the Lightning Network. Binance subsequently confirmed the rumours via a tweet, acknowledging the presence of lightning nodes and assuring users that they are indeed working towards the full integration of the Lightning Network. Read Also: Superman Returns to LUNC as a Validator, ...