DeFI News by Thebittimes.Com

An “epic sat,” mined from the fourth Bitcoin (BTC) halving block, fetched an impressive $2.1 million at a recent auction on CoinEx Global . This rare satoshi, with its distinctive sequence number, sold for 33.3 BTC, emphasizing its considerable value to collectors worldwide. Hosted by CoinEx , this auction marked the first-ever public sale of an epic satoshi, attracting intense global interest and competitive bidding. A satoshi is the smallest unit of Bitcoin, representing one hundred million th of a single coin. The epic satoshi, or “epic sat,” represents the first sat of a block mined after a Bitcoin reward halving . This particular asset, mined by the Bitcoin pool ViaBTC from the 840,000th block on April 20, 2024, carries a unique serial number, 1,968,750,000,000,000, making it a significant piece of crypto history as the first sat of the fourth Bitcoin halving epoch. Picks for you BNY Mellon: World'sWorld's largest custodian bank re...

Popular cryptocurrency analyst Nicholas Merton — known as DataDash on YouTube — remains skeptical on Bitcoin’s near-term prospects despite optimism around the upcoming halving and potential approval of a Bitcoin ETF. In a YouTube video, Merton discussed his views on the future prospects of Bitcoin. He laid out three key reasons why he believes Bitcoin is unlikely to start a new bull market anytime soon. First, he addressed the anticipation surrounding an SEC-approved Bitcoin ETF. Contrary to popular belief, Merton suggests that it may not generate as much new demand as people expect. As evidence for his claim, he highlights the continued discount on the Grayscale Bitcoin Trust (GBTC). This suggests that institutional demand might remain subdued even if an ETF becomes available. You might also like: Analyst suggests The Fed could push Bitcoin to $20,000 Merton also brought up the impact of Bitcoin’s halving events and posits its influence is waning over ti...

Litecoin block rewards have now halved to 6.25 LTC as the halving clock is reset for another four years. The Litecoin halving event has been completed with block rewards now halved at 6.25 Litecoin (LTC) per block.  On Aug. 2, the Litecoin blockchain went through its automated halving procedure at block 2,520,000. LTC miners are now getting half the rewards and the clock has been reset for the next halving in roughly four years' time. Litecoin founder Charlie Lee commented on the discrepancies between the different halving countdown timers, suggesting that the NiceHash one was the most accurate. However, all of them agreed on an Aug. 2 date. This is funny. I googled "Litecoin Block Halving Countdown" and checked the first 4 hits. The ETA for the halving is all over the map! From my quick calculation, I believe NiceHash's countdown is the most accurate. I expect the halving to occur in about a 1 day, 2 hours, and 30… pic.twitter.com/7lvOKCtiOh — Charlie Lee ️️ (...

MoneyGram's decision to integrate Litecoin into its crypto services and the coin's upcoming halving event has served as catalysts behind LTC's price rally. Litecoin (LTC) could rise another 20% amid a rare trend reversal breakout that has already resulted in LTC outperforming most crypto assets in recent days. LTC's not-so-bearish symmetrical triangle LTC's price broke out of what earlier appeared to be a bearish symmetrical triangle. Symmetrical triangles are trend continuation patterns, meaning breaking out of their range typically prompts the price to move in the direction of their previous trend.  Litecoin formed a symmetrical triangle pattern between May and November after dropping 70% to nearly $40 in the prior trading sessions. Ideally, the LTC/USD pair could have resolved the pattern by breaking below its lower trendline. But instead, it broke above the upper trendline in early November, as shown below. According to Edwards and Magee, the authors of Technic...