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Crypto fans count down to bitcoin’s ‘halving’

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Bitcoin enthusiasts eagerly anticipated the occurrence of bitcoin’s ‘halving’ on Friday, a pivotal event in the cryptocurrency’s protocol aimed at reducing the rate of new bitcoin creation. Programmed into Bitcoin’s code by its pseudonymous creator Satoshi Nakamoto at its inception, the halving occurs approximately every four years.

Chris Gannatti, Global Head of Research at asset manager WisdomTree, which offers bitcoin exchange-traded funds, described the halving as “one of the biggest events in crypto this year.” CoinGecko’s countdown clock indicated that the halving was slated to take place in the early hours of Saturday GMT.

For many cryptocurrency enthusiasts, the halving underscores bitcoin’s value as an increasingly scarce asset, as Nakamoto set a limit of 21 million tokens. Conversely, skeptics view it merely as a technical adjustment hyped by speculators to inflate the virtual currency’s price.

The mechanics of the halving involve reducing the rewards miners receive for creating new tokens, thereby increasing the cost of introducing new bitcoins into circulation. This comes following bitcoin’s surge to an all-time high of $73,803.25 in March, with the cryptocurrency trading at $63,800 on Thursday.

Bitcoin and other cryptocurrencies have benefited from excitement surrounding the U.S. Securities and Exchange Commission’s approval of spot bitcoin exchange-traded funds in January, as well as anticipation of central bank interest rate cuts. Previous halvings occurred in 2012, 2016, and 2020, with some cryptocurrency enthusiasts pointing to subsequent price rallies as indicative of potential price increases post-halving. However, many analysts remain skeptical.

“We do not anticipate bitcoin price increases post halving as it has already been priced in,” wrote JP Morgan analysts this week. They predict a decline in bitcoin’s price post-halving due to being “overbought,” coupled with subdued venture capital funding for the crypto industry this year.

Source: reuters.com

The post Crypto fans count down to bitcoin’s ‘halving’ appeared first on HIPTHER Alerts.

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Decentralized Finance (DeFi) Market to Surpass USD 446.43 Billion by 2031 | SkyQuest Technology

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Merging Traditions with Fintech and Blockchain Innovations

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Financial Evolution: Merging Traditions with Fintech and Blockchain Innovations at MARE BALTICUM Gaming & TECH Summit

The financial industry is undergoing a seismic shift as fintech and blockchain technologies pave the way for unprecedented innovation and transformation. At the upcoming MARE BALTICUM Gaming & TECH Summit, a high-profile panel titled “Financial Evolution: Merging Traditions with Fintech and Blockchain Innovations” will delve deep into this exciting evolution. This session will explore how established financial institutions are integrating these advanced technologies to revolutionize services, enhance security, and increase efficiency.

Moderator: Anna Agu

Leading the panel is Anna Agu, CEO and Managing Partner at Lex Law Office OU and Director at Lex Law Office LT UAB. With her extensive legal expertise in the fintech sector, Agu is perfectly positioned to guide the discussion, ensuring a thorough exploration of the delicate balance between maintaining traditional financial principles and embracing innovative technologies.

Panelists:

  • Merit Leib – Compliance Consultant at LEIB Regulatory & Compliance Risk Consulting
  • Astra Tikas – Founding Board Member of INO (Internet Native Organization)
  • Dr. Dean Rakic – Chief Scientist at Blockcontrol
  • Saulius Racevicius – Senior Associate of PSP Lab LLP and Board Member of the Fintech Hub LT
  • Evaldas Krampas – CEO at SpectroCoin and Head of Crypto Hub Lithuania

Why Attend?

The “Financial Evolution: Merging Traditions with Fintech and Blockchain Innovations” panel at the MARE BALTICUM Gaming & TECH Summit is a must-attend for professionals across the financial sector. Here’s why:

  1. Gain Comprehensive Insights: Learn from top experts about the latest trends, challenges, and opportunities in fintech and blockchain.
  2. Regulatory Perspectives: Understand the importance of compliance and how to navigate regulatory challenges effectively.
  3. Technical Knowledge: Dive deep into the technical aspects of blockchain integration and learn about cutting-edge developments.
  4. Practical Implementation: Gain practical insights into how traditional financial institutions are successfully integrating new technologies.
  5. Networking Opportunities: Connect with industry leaders and peers who are driving innovation in finance.

Join Us

This panel provides a unique opportunity to stay ahead of the curve in the rapidly evolving financial landscape. Join us at the MARE BALTICUM Gaming & TECH Summit to explore how fintech and blockchain technologies are reshaping finance and what it means for the future. Engage with industry leaders, gain actionable insights, and network with peers at the forefront of financial innovation.

Secure your spot today and be part of this transformational journey. Don’t miss the chance to be involved in discussions that will shape the future of finance. See you at the MARE BALTICUM Gaming & TECH Summit!

The post Merging Traditions with Fintech and Blockchain Innovations appeared first on HIPTHER Alerts.

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North America B2C E-Commerce Market & Payment Innovation Trends Report 2024 – By 2025, Digital Wallets are Expected to Make Up Over a Quarter of Canada’s Online Payments

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