Bitcoin mining revenue peaked at $107M on BTC halving day
Revenue earned from Bitcoin mining exceeded the $100 million mark for the first time, recording an all-time high daily earnings on Bitcoin halving day, 2024.
On April 20, Bitcoin miners earned a total of $107.7 million in mining rewards and transaction fees as community members willingly paid exorbitant fees to get their transactions recorded on the 840,000th Bitcoin block.
Investors wanting to be a part of Bitcoin’s history spent 37.7 BTC (worth $2.4 million) in fees alone to nab their share of limited space on the Bitcoin block, which triggered the fourth halving event. The block included 3,050 transactions, meaning the average user paid a little under $800.[Cointelegraph]
@marginwhales
Revenue earned from Bitcoin mining exceeded the $100 million mark for the first time, recording an all-time high daily earnings on Bitcoin halving day, 2024.
On April 20, Bitcoin miners earned a total of $107.7 million in mining rewards and transaction fees as community members willingly paid exorbitant fees to get their transactions recorded on the 840,000th Bitcoin block.
Investors wanting to be a part of Bitcoin’s history spent 37.7 BTC (worth $2.4 million) in fees alone to nab their share of limited space on the Bitcoin block, which triggered the fourth halving event. The block included 3,050 transactions, meaning the average user paid a little under $800.[Cointelegraph]
@marginwhales
DAILY UPDATE
April 22, 2024
Total Market Cap : $2.44T🔵
Trading Volume (24H) : $71.0B🔵
BTC Dominance : 53.7%🔵
ETH Dominance : 15.7%🔴
MARKET BIAS
Short-Term (1-2 Days) : Bearish🔴
Mid-Term (1-4 Weeks) : Neutral⚪️
Long-Term (12 Months) : Bullish🔵
$BTC: 66.500
BTC has followed our analysis very well and now it's near 67K area, there's some resistance here and 1H timeframe shows some weakness in momentum, we'll have to wait and see if we witness a rejection or not.
$USDT.D: 4.64%
1H analysis on USDT Dom. chart shows some possible bullish structure/pattern being formed, if it's to be true, market can dump a little during Tue & Wed ! so it's wise to be more careful with long positions!
#MARKETUPDATE VIP (our $Near long position has hit tp3 and will probably hit full tp by the end of the week)
KEY $BTC RESISTANCE: $66000 - $67500 level
KEY $BTC SUPPORT: 59K - 60K area
Stay Safu Brothers, We Are Family.
@marginwhales
April 22, 2024
Total Market Cap : $2.44T🔵
Trading Volume (24H) : $71.0B🔵
BTC Dominance : 53.7%🔵
ETH Dominance : 15.7%🔴
MARKET BIAS
Short-Term (1-2 Days) : Bearish🔴
Mid-Term (1-4 Weeks) : Neutral⚪️
Long-Term (12 Months) : Bullish🔵
$BTC: 66.500
BTC has followed our analysis very well and now it's near 67K area, there's some resistance here and 1H timeframe shows some weakness in momentum, we'll have to wait and see if we witness a rejection or not.
$USDT.D: 4.64%
1H analysis on USDT Dom. chart shows some possible bullish structure/pattern being formed, if it's to be true, market can dump a little during Tue & Wed ! so it's wise to be more careful with long positions!
#MARKETUPDATE VIP (our $Near long position has hit tp3 and will probably hit full tp by the end of the week)
KEY $BTC RESISTANCE: $66000 - $67500 level
KEY $BTC SUPPORT: 59K - 60K area
Stay Safu Brothers, We Are Family.
@marginwhales
DAILY UPDATE
April 23, 2024
Total Market Cap : $2.46T🔵
Trading Volume (24H) : $69.88B🔴
BTC Dominance : 53.4%🔴
ETH Dominance : 16.0%🔵
MARKET BIAS
Short-Term (1-2 Days) : Bearish🔴
Mid-Term (1-4 Weeks) : Neutral⚪️
Long-Term (12 Months) : Bullish🔵
$USDT.D: 4.62%
USDT Dom. followed our yesterday's analysis and caused some sell pressure in the market earlier today but failed to break out of the pattern and paid a visit to yesterday's low again, now it seems this time it can break out of the falling wedge pattern with an upward thrust, so opening a long position isn't advised for the next couple of days!
#MARKETUPDATE VIP
KEY $BTC RESISTANCE: $66000 - $67500 level
KEY $BTC SUPPORT: 59K - 60K area
Stay Safu Brothers, We Are Family.
@marginwhales
April 23, 2024
Total Market Cap : $2.46T🔵
Trading Volume (24H) : $69.88B🔴
BTC Dominance : 53.4%🔴
ETH Dominance : 16.0%🔵
MARKET BIAS
Short-Term (1-2 Days) : Bearish🔴
Mid-Term (1-4 Weeks) : Neutral⚪️
Long-Term (12 Months) : Bullish🔵
$USDT.D: 4.62%
USDT Dom. followed our yesterday's analysis and caused some sell pressure in the market earlier today but failed to break out of the pattern and paid a visit to yesterday's low again, now it seems this time it can break out of the falling wedge pattern with an upward thrust, so opening a long position isn't advised for the next couple of days!
#MARKETUPDATE VIP
KEY $BTC RESISTANCE: $66000 - $67500 level
KEY $BTC SUPPORT: 59K - 60K area
Stay Safu Brothers, We Are Family.
@marginwhales
Ripple contests $2B SEC fine, says penalty shouldn’t exceed $10M
Ripple said in a filing that the SEC’s “Draconian remedial requests” do not have grounds in law or principle.
Cross-border payment protocol Ripple contested the United States Securities and Exchange Commission’s (SEC) request to impose a $2 billion fine against the blockchain company, saying the penalty should not exceed $10 million.
In a new filing, Ripple Labs opposed the SEC’s request to a federal judge to impose the almost $2 billion fine on the company. Ripple urged the court to deny the SEC’s requests for an injunction, disgorgement and pre-judgment interest.
Ripple also said the court should issue a more reasonable civil penalty, which should not be more than $10 million.[Cointelegraph]
@marginwhales
Ripple said in a filing that the SEC’s “Draconian remedial requests” do not have grounds in law or principle.
Cross-border payment protocol Ripple contested the United States Securities and Exchange Commission’s (SEC) request to impose a $2 billion fine against the blockchain company, saying the penalty should not exceed $10 million.
In a new filing, Ripple Labs opposed the SEC’s request to a federal judge to impose the almost $2 billion fine on the company. Ripple urged the court to deny the SEC’s requests for an injunction, disgorgement and pre-judgment interest.
Ripple also said the court should issue a more reasonable civil penalty, which should not be more than $10 million.[Cointelegraph]
@marginwhales
#XRP analysis, Monthly chart
Ripple's lawsuit with the SEC should conclude these days and for this reason let's take a look at XRP.
So Ripple has been forming an accumulative pattern (probably symmetrical triangle) since Jan 2018 because of its ongoing lawsuit with SEC, in case it breaks out of the pattern from above it can rise towards 8.4 - 13.5 area and probably higher. but in case it makes a monthly close below the lower trendline, it will probably dump to lower levels such as 0.3 and 0.17 . in case the lawsuit concludes in Ripple's favor, it'll probably be one of the top gainers amongst high cap coins by the end of bull run!
Ripple's lawsuit with the SEC should conclude these days and for this reason let's take a look at XRP.
So Ripple has been forming an accumulative pattern (probably symmetrical triangle) since Jan 2018 because of its ongoing lawsuit with SEC, in case it breaks out of the pattern from above it can rise towards 8.4 - 13.5 area and probably higher. but in case it makes a monthly close below the lower trendline, it will probably dump to lower levels such as 0.3 and 0.17 . in case the lawsuit concludes in Ripple's favor, it'll probably be one of the top gainers amongst high cap coins by the end of bull run!
Binance founder should be jailed for 36 months, US prosecutors say
Binance founder and former CEO Changpeng Zhao is expected to be sentenced on April 30 after pleading guilty to money laundering in November 2023.
As the United States authorities are preparing to give a sentence to Binance founder Changpeng “CZ” Zhao on April 30, prosecutors have requested jail time for the former CEO.
Binance founder Zhao should serve 36 months in prison after pleading guilty to violating laws against money laundering, U.S. prosecutors said in a court filing on April 23.[Cointelegraph]
@marginwhales
Binance founder and former CEO Changpeng Zhao is expected to be sentenced on April 30 after pleading guilty to money laundering in November 2023.
As the United States authorities are preparing to give a sentence to Binance founder Changpeng “CZ” Zhao on April 30, prosecutors have requested jail time for the former CEO.
Binance founder Zhao should serve 36 months in prison after pleading guilty to violating laws against money laundering, U.S. prosecutors said in a court filing on April 23.[Cointelegraph]
@marginwhales
DAILY UPDATE
April 24, 2024
Total Market Cap : $2.38T🔴
Trading Volume (24H) : $83.6B🔵
BTC Dominance : 53.2%🔴
ETH Dominance : 16.1%🔵
MARKET BIAS
Short-Term (1-2 Days) : Bearish🔴
Mid-Term (1-4 Weeks) : Neutral⚪️
Long-Term (12 Months) : Bullish🔵
$BTC: 64300
BTC reached the resistance zone we had identified days ago and market turned red, the dump will probably take BTC to 62k level, we'll have to wait and see reversal signs down there.
$USDT.D: 4.&&%
perfectly followed analysis and broke out of the pattern with a strong upward move causing dump and some red candles in the market
#MARKETUPDATE VIP
KEY $BTC RESISTANCE: $66000 - $67500 level
KEY $BTC SUPPORT: 59K - 60K area
Stay Safu Brothers, We Are Family.
@marginwhales
April 24, 2024
Total Market Cap : $2.38T🔴
Trading Volume (24H) : $83.6B🔵
BTC Dominance : 53.2%🔴
ETH Dominance : 16.1%🔵
MARKET BIAS
Short-Term (1-2 Days) : Bearish🔴
Mid-Term (1-4 Weeks) : Neutral⚪️
Long-Term (12 Months) : Bullish🔵
$BTC: 64300
BTC reached the resistance zone we had identified days ago and market turned red, the dump will probably take BTC to 62k level, we'll have to wait and see reversal signs down there.
$USDT.D: 4.&&%
perfectly followed analysis and broke out of the pattern with a strong upward move causing dump and some red candles in the market
#MARKETUPDATE VIP
KEY $BTC RESISTANCE: $66000 - $67500 level
KEY $BTC SUPPORT: 59K - 60K area
Stay Safu Brothers, We Are Family.
@marginwhales
Margin Whales®
DAILY UPDATE April 22, 2024 Total Market Cap : $2.44T🔵 Trading Volume (24H) : $71.0B🔵 BTC Dominance : 53.7%🔵 ETH Dominance : 15.7%🔴 MARKET BIAS Short-Term (1-2 Days) : Bearish🔴 Mid-Term (1-4 Weeks) : Neutral⚪️ Long-Term (12 Months) : Bullish🔵 $BTC: 66.500…
on April 22 , it was said that market can dump and here we are, seeing so many reds ✅