The Block
Quick Take Block 840,000, the fourth ever Bitcoin halving block, has been confirmed — though it could possibly change. The halving block appears to be from the crypto mining pool ViaBTC with a 37.6256 BTC ($2.3 million) fee.
Bitcoin’s fourth halving event has completed, ushering in a new epoch for the network. Bitcoin’s block subsidy reward for miners has dropped from 6.25 BTC to 3.125 BTC.
Quick Take Sam Bankman-Fried has knowledge that would be valuable to cases involving celebrities such as Tom Brady and Shaquille O’Neal. A court would still need to sign off on the settlement.
Quick Take Non-profit cryptocurrency industry advocate group Coin Center took aim at a new stablecoin bill that would ban algorithmic stablecoins, calling it “unconstitutional” and “anti-innovation.”
A DAO called Own the Doge has purchased the iconic image of Shiba Inu Kabosu, which has inspired a slew of famous memes popular in the crypto community. The organization didn’t disclose the price it paid to acquire the image.
Quick Take In the Form 1099-DA draft posted on Thursday, the IRS lists broker types, including an “unhosted wallet provider.” The form stems from rules proposed last year that say crypto brokers would be treated similarly to brokers for more traditional investments such as stocks and bonds.
Entrepreneur Mark Cuban noted that the bitcoin halving will have a direct impact on revenue for bitcoin miners.But he said the more interesting question was how AI would impact the mining industry.
Quick Take Tron founder Justin Sun spent over 380 days in the U.S., the SEC said in an amended complaint filed on Thursday. The agency argued that the court has jurisdiction because the defendants, including Sun, took certain actions within the U.S. Sun’s lawyers have pushed back in previous documents, arguing that the SEC is not a “worldwide regulator.”
MicroStrategy’s Michael Saylor has pocketed about $370 million as his announced plan to sell company shares nears its conclusion.
Bitcoin is fighting to keep its head above the $65,000 mark as its halving event approaches.However, risk-on market sentiment is now overshadowing the former exuberance leading up to the bitcoin halving, an analyst said.
