Bitcoin Halving Week
Dive into details of the top stories in a big week for Bitcoin and the entire digital asset world
Bitcoin Undergoes Fourth Halving, Reducing Miner Rewards to 3.125 BTC
Bitcoin has marked a significant milestone with the completion of its fourth halving event, seeing the mining reward drop from 6.25 BTC to 3.125 BTC per block upon the mining of its 840,000th block. This key event in Bitcoin’s lifecycle is closely watched by the crypto community, as it historically impacts Bitcoin’s price due to the reduced rate of new coin creation.
Meta Launches New AI Assistant Across Its Platform Ecosystem
Meta has expanded its technological reach by integrating its latest AI assistant into nearly all of its applications, as announced by CEO Mark Zuckerberg.
Zuckerberg’s vision, shared in a recent Instagram video, emphasizes Meta’s ambition to democratize advanced AI technology, making it accessible to a global audience.
JPMorgan CEO Jamie Dimon Maintains Stance on Bitcoin as “Fraud”
In a recent interview with Bloomberg, JPMorgan CEO Jamie Dimon reiterated his critical view of Bitcoin, labeling it as “a fraud.” Despite the growing integration of cryptocurrencies in the financial sector, Dimon expressed skepticism about Bitcoin’s viability as a currency.
Binance Set to Re-enter Indian Market with $2 Million Settlement
Binance, the world’s largest cryptocurrency exchange, is poised to re-enter the Indian market by settling a $2 million penalty, according to a report by India’s Economic Times. The move is part of Binance’s strategy to comply fully with local regulations, including money laundering and taxation laws, and to register with India’s Financial Intelligence Unit overseeing digital asset trading.
Iconic “mansplaining” Meme to be Auctioned as Ethereum NFT
The viral meme “Milk Edinburgh,” depicting a man seemingly explaining something to an uninterested woman in a nightclub, is set to be auctioned as an Ethereum NFT.
Originating from the Edinburgh nightclub called Milk, this image has become emblematic of “mansplaining.” Captured by David Wilkinson in 2018, the photo is being brought to the NFT marketplace Foundation with the aid of Cryptopathic from Feisty DAO.
Tether Announces Restructuring to go Beyond Stablecoins
Tether, the world’s largest stablecoin operator by market value, is restructuring to add new divisions beyond stablecoin development.
The four new business divisions are: Tether Data, Tether Finance, Tether Power, and Tether Edu, as announced on April 18.
Musk to Charge New X Users
Elon Musk plans to charge new users of his platform X to tweet, aiming to reduce spam, despite skepticism about its effectiveness against crypto-scam bots.
He stated on April 15 that charging a small fee for new user write access on X is necessary to combat bots, in response to an X Daily News post about testing spam reduction policies.
Hong Kong Approves Spot Bitcoin and Ethereum ETFs
Hong Kong has officially approved applications for spot Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs), becoming the second region to do so in 2024 after the United States. This approval follows the Securities and Exchange Commission’s (SEC) historic decision earlier this year to green-light 11 spot BTC ETFs.
