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ForkLog 9 23.04.2024

ETC Group Observes Gradual Market Recovery Post-Halving

Bitcoin shows restrained growth post-halving. Investor sentiment still indicates bearish dominance. Exchange balances of the leading cryptocurrency have decreased, yet whales continue to send assets to trading platforms. Following Bitcoin’s halving on April 20, crypto assets are recovering from losses induced by geopolitical tensions, according to a report by ETC Group’s Head of Research, Andre […]

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ForkLog 11 22.04.2024

Post-Halving Dynamics: Experts Weigh In

On April 20, the Bitcoin network underwent a halving, reducing the block reward from 6.25 BTC to 3.125 BTC. In comments to ForkLog, experts discussed the significance of the event and its impact on the crypto market. Initial Reactions The halving is programmed into Bitcoin’s code, occurring every 210,000 blocks, or roughly every four years, […]

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ForkLog 25 22.04.2024

Bitcoin Miners Eye AI and Diversification Post-Halving

Mining companies may increasingly diversify into AI to offset reduced revenues following the halving, according to CoinShares experts. On April 20, at block height #840,000, the Bitcoin network’s block reward was halved from 6.25 BTC to 3.125 BTC. This programmed event occurs roughly every four years after 210,000 blocks, negatively impacting miners’ revenue. It is […]

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ForkLog 34 19.04.2024

The Rise and Fall of TON: Analyzing the Impact of Durov’s Announcements

In April, the team behind The Open Network (TON) blockchain, with participation from Telegram founder Pavel Durov and Tether’s Paolo Ardoino, made several announcements. These included the issuance of USDT on its network and cryptocurrency payments for content creators. Durov described this as a “real use case for Toncoin” for the messenger’s 900 million users. […]

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ForkLog 12 19.04.2024

Ethereum’s Quarterly Profit Surpasses $365 Million Amid DeFi Surge

In the first quarter, the Ethereum blockchain recorded a net profit of $365.46 million, marking an increase of nearly 200% from the previous period’s $123 million, according to a report by The DeFi Report. Data: The DeFi Report. Analyst Michael Nadeau noted that the network’s transaction fee revenue reached $1.17 billion, a 155% increase compared […]

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ForkLog 37 17.04.2024

CoinGecko Identifies Seven Key Metrics of the Crypto Market in Q1

Following a robust fourth quarter in 2023, the total market capitalization of the cryptocurrency sector continued its upward trajectory, reaching a peak of $2.9 trillion on March 13. CoinGecko analyzed the trends of the past three months and highlighted seven key points reflecting the industry’s state. Bitcoin Surge From January to March, the leading cryptocurrency […]

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ForkLog 13 17.04.2024

Stanford Researchers Release AI Index on Global Trends

Researchers at Stanford University have released the “AI Index” study, detailing global trends in neural networks for 2023. The report discusses the development of multimodal models, substantial financial investments in generative AI, new performance metrics, shifts in global opinion, and regulatory measures governing the field. Open and Closed Models In 2023, organizations released 149 AI […]

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ForkLog 6 17.04.2024

Experts Weigh Potential Sentence for Former Binance CEO

A court hearing is scheduled for April 30, where the punishment for Changpeng Zhao (CZ), the founder and former CEO of the cryptocurrency exchange Binance, will be determined. In a discussion with Cointelegraph, lawyers and politicians explored possible outcomes. Charges The former CEO of the trading platform will appear before a judge nearly six months […]

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ForkLog 15 17.04.2024

Bernstein Sets Bitcoin Target Post-Halving

By the end of the year, Bitcoin is expected to rise to $80,000-$90,000, reaching $150,000 at its peak in 2025. The demand for ETFs from institutional investors will drive the new all-time high. The halving will lead to a 7% reduction in hash rate. Following the upcoming halving, Bitcoin is anticipated to resume its rally […]

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ForkLog 11 17.04.2024

Halving to Trigger Demand Shock and Strengthen Mining Sector

The forthcoming reduction in Bitcoin block rewards is expected to foster a more eco-friendly mining network powered by sustainable energy sources. The limited supply is likely to impact the asset’s price. Clean Mining Fineqia International analyst Matteo Greco told Cointelegraph that the halving will encourage Bitcoin mining companies to optimize capital efficiency through cheaper electricity, […]

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ForkLog 18 16.04.2024

Impact of Restaking on Ethereum’s On-Chain Metrics Analyzed by Experts

The introduction of restaking protocols EigenLayer and LRT has increased the share of ETH in staking to 26% of the total supply. Glassnode examined how this trend could affect Ethereum’s role as a monetary asset. Analysts recorded a rise in the total number of coins staked to 31.4 million ETH (as of April 13). Data: […]

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ForkLog 19 16.04.2024

Analysts Examine USDe Stablecoin Vulnerabilities Amid Market Volatility

In a bear market, rewards from shorts on derivatives may be insufficient to maintain USDe’s stability. Concerns arise over the diversification of centralized partners. The growth of the “synthetic dollar” could limit the capacity of the crypto derivatives market. To gain trust, USDe from Ethena Labs must demonstrate resilience in adverse market conditions. Experts outlined […]

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