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news of the week
We will deliver the news of the week (April 29th to May 5th) together.
This week, the most popular article was about the Bitcoin (BTC) halving, summarizing market trends and expert predictions.
Regarding the crypto asset (virtual currency) market, the May 2 report that wrote that the price of Bitcoin continued to fall is attracting attention.
In addition, the news that the Sui blockchain launched its mainnet also attracted a lot of attention.
table of contents
- This week’s news ranking
- Market news ranking
- Virtual Currency/Blockchain Industry News
This week’s news ranking
1st place: Countdown to the next Bitcoin half-life less than a year, market trends and expert predictions? (5/2)
Less than a year until the next Bitcoin halving. After the fifth halving, expected on April 28, 2024, the mining reward will be 3.125 BTC. Some market analysts believe the price could rise further towards the halving. (the article ishere)
2nd place: Sui blockchain, mainnet launch token new listing (5/3)
The Sui Foundation announced on the 3rd that the mainnet of the high-speed L1 blockchain “Sui Network (SUI)” has started operation. Sui Network is an L1 blockchain and smart contract platform developed by Mysten Labs. (the article ishere)
3rd place: US Coinbase announces virtual currency derivatives exchange for offshore market (5/3)
Coinbase, a US virtual currency exchange, announced on the 2nd that it will launch a derivative exchange for the offshore market, “Coinbase International Exchange”. It will be the first to offer perpetual futures contracts for Bitcoin and Ethereum (ETH), offering up to 5x leverage trading. (the article ishere)
Market news ranking
1st place: Bitcoin continues to fall, FOMC’s interest increases due to the collapse of First Republic Bank (5/2)
Bitcoin price fell 1.89% from the previous day to $28,024. In the United States, the Federal Open Market Committee (FOMC) has become more of a concern on the 1st, after the California financial authorities announced the bankruptcy of First Republic Bank. (the article ishere)
2nd place: US stock index fell after FOMC, bitcoin rose, gold (Friday) hit a record high (5/4)
Bitcoin rose 1.8% from the previous day to $29,051, even though the US stock index fell after the FOMC. In addition, the New York gold futures price soared to $2,079 per troy ounce at one point, surpassing the all-time high recorded in August 2020. (the article ishere)
Virtual Currency/Blockchain Industry News
Top 3 rankings of ETFs (listed investment trusts) in Japan and overseas that can be purchased at NISA (5/3)
This article explains “NISA”. A detailed explanation of NISA and domestic and foreign ETF (Exchange Traded Fund) stocks that can be purchased with NISA are summarized in a ranking format. (the article ishere)
Biden administration proposes 30% tax on cryptocurrency mining companies (5/4)
The White House said on Thursday that mining companies should be taxed at 30% of the cost of electricity used for mining. The Biden administration has listed a Digital Asset Mining Energy (DAME) consumption tax as one of its proposals in this year’s budget. (the article ishere)
Former Coinbase CTO loses $1 million Bitcoin bet (5/4)
Former Coinbase Chief Technology Officer Balaji Srinivasan announced Wednesday that he lost a bet that Bitcoin would surge to $1 million in 90 days. With 45 days left before the deadline for the winner to be decided, he said he and his bettor, Twitter contributor James Medlock (pseudonym), agreed to end the bet. (the article ishere)
US Court of Appeals Orders SEC to Respond to Coinbase Petition (5/5)
A U.S. appeals court today ordered the U.S. Securities and Exchange Commission (SEC) to respond to a regulatory clarification petition filed by Coinbase. “The court has issued a written order to the SEC to provide a response to our petition within 10 days,” said Paul Grewal, the company’s chief legal officer. (the article ishere)
Micro Strategy 1Q Financial Results Announcement, “Confidence in Bitcoin Strategy” (5/2)
On the 1st, the US business intelligence company “Micro Strategy” reported the results for the first quarter of 2023 (January to March). He also announced the status of his Bitcoin holdings. (the article ishere)
Kingdom of Bhutan mining bitcoin since 2019 (5/2)
The investment sector of the Kingdom of Bhutan has been mining Bitcoin since 2019. Just last month, it was reported that he had invested several billion yen in multiple virtual currencies, but it seems that he was not only investing but also mining. (the article ishere)
The post Weekly virtual currency news | Market analysis of Bitcoin half-life draws attention, Sui launches mainnet, etc. appeared first on Our Bitcoin News.
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