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Bitcoin Halving: Did Big Event Impact Cryptocurrency Price? Know Here

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Bitcoin Halving: Did Big Event Impact Cryptocurrency Price? Know Here

Bitcoin Halving: Did Big Event Impact Cryptocurrency Price? Know Here (image source: iStock)

Bitcoin Halving: Bitcoin‘s much-anticipated halving event, which can bring pivotal change to the cryptocurrency’s foundational technology that occurred around 0014 GMT on Saturday, has failed to significantly influence its price trajectory. Industry insiders have pointed out that Bitcoin’s fortunes appear to be more intricately linked to broader financial market sentiment and geopolitical developments rather than the halving event itself, according to a Reuters report.

The Halving Event: Anticipation and Expectations

Enthusiasts within the Bitcoin community had eagerly awaited the halving event, which occurs approximately every four years and is designed to reduce the rate at which new bitcoins are generated. Previous instances of halving had been associated with price gains in Bitcoin, leading some to believe that the cryptocurrency would experience another rally post-halving.

Limited Impact on Price

However, as of 1415 GMT on Monday, there was little observable impact on Bitcoin’s price. The cryptocurrency was trading at USD 66,300, having experienced a modest 1.2 per cent gain the previous week and a 3.4 per cent increase on Monday. Despite hitting an all-time high of USD 73,794 the previous month, Bitcoin has largely struggled to establish a clear price direction following the halving event.

Geopolitical Factors and Market Sentiment

As per the Reuters report, industry experts attribute the lack of significant price movement to prevailing geopolitical events and broader market sentiment. Mick Roche, the senior trader at Zodia Markets, noted that geopolitical developments, such as the perceived easing of tensions between Iran and Israel, have exerted a more pronounced influence on Bitcoin’s price trajectory than the halving event itself.

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Eric Demuth, CEO of Bitpanda, emphasized Bitcoin’s increasing dependency on wider market sentiment. He highlighted the convergence between cryptocurrency trading and traditional stock market activities, suggesting that Bitcoin is subject to similar market dynamics as conventional assets.

Regulatory Developments and Institutionalization

In recent years, regulatory approval for spot Bitcoin exchange-traded funds (ETFs) in the United States has contributed to Bitcoin’s recovery from previous market downturns. Ben Laidler, global markets strategist at eToro, noted that Bitcoin is now undergoing a process of “institutionalization,” with regulatory changes potentially paving the way for greater institutional involvement in Bitcoin ownership.

Despite its growing prominence, cryptocurrencies remain a niche asset class, with a combined market value of approximately $2.5 trillion. Regulators caution against their speculative nature and limited real-world applications, underscoring the need for cautious investment practices within the cryptocurrency market.

Market participants are eagerly awaiting regulatory decisions regarding spot ETFs for Ethereum, the second-largest cryptocurrency. However, hopes for regulatory approval in May appear to be diminishing, according to Demuth and Roche.

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Capitol Connections: Rep. Scot Matayoshi on banning cryptocurrency kiosks, cell phones in schools

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Capitol Connections: Rep. Scot Matayoshi on banning cryptocurrency kiosks, cell phones in schools

This post is part of our Capitol Connections series, where Annalisa Burgos sits down with state lawmakers to discuss their priorities for the legislative session and issues affecting their districts. Watch the full interview above and click here for more Capitol Connections.

HONOLULU (HawaiiNewsNow) – State Representative Scot Matayoshi is proposing legislation to combat fraud and scams and restrict cryptocurrency ATM purchases after hearing multiple accounts of kupuna being victimized.

Matayoshi, D, who represents Kaneohe and Kailua and chairs the House Consumer Protection and Commerce Committee, said a relative told him about a friend who was defrauded out of hundreds of thousands of dollars through an online scam.

“I think every single person I’ve talked to has known a cousin, an auntie, a friend of an auntie or a friend of a mom or whatnot that has been defrauded or at least has experienced someone trying to defraud them of money,” Matayoshi said.

Bank teller freeze authority

One bill would allow bank tellers to freeze transactions if they suspect fraud is occurring. Matayoshi said bank tellers serve as the first line of defense because many seniors visit banks in person and have relationships with tellers.

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“If the bank teller believes that there’s a fraud, a fraudulent transaction happening, they can put a freeze on it and for a couple of days or however long they need in order for the person to honestly just snap out of it,” Matayoshi said.

He said victims typically realize they’ve been scammed within 24 to 48 hours, but by then the money is already gone and difficult to recover.

Cryptocurrency ATM restrictions

Matayoshi is also introducing legislation to prohibit cryptocurrency purchases through kiosks found inside grocery stores and convenience marts across the state, citing their frequent use in fraudulent transactions targeting seniors.

“These crypto kiosks, in my opinion, are mostly used for fraudulent transactions,” Matayoshi said. “The benefit to them doesn’t outweigh the massive fraud going on with these ATMs.”

The bill would still allow people to withdraw money from crypto ATMs if they already own cryptocurrency and want to convert it to cash.

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Store owners have reported seeing seniors at crypto kiosks with cash, talking on phones with someone guiding them through transactions. Matayoshi said scammers often instruct victims to use the machines after claiming their relatives are in danger and need bail money.

Deceptive mailer protections

Another bill targets deceptive mailers that appear to be from mortgage companies or government agencies but are actually third-party services charging excessive fees.

“I’ve been getting a lot of letters that purport to be my mortgage company, that purport to be my car company,” Matayoshi said. The bill would require large disclaimers stating the mailers are not from actual companies and make transactions voidable if proper disclosures aren’t included.

School cell phone ban

Matayoshi is also proposing a school-wide cell phone ban from “bell to bell” that would protect teachers and schools from liability when confiscating devices.

As a former seventh-grade science teacher in Nanakuli, Matayoshi said teachers currently avoid confiscating phones worth hundreds or thousands of dollars due to liability concerns.

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“If the cell phone broke, if another kid stole it out of my desk, if it got lost, then I would be held responsible for it,” Matayoshi said.

The bill includes exceptions for emergencies and educational use, and requires parents to pick up confiscated phones. Matayoshi said removing phones from classrooms could reduce bullying and allow students to interact without fear of being recorded.

Budget concerns

Matayoshi said his measure of success for the legislative session will be ensuring essential services like SNAP benefits and Medicaid are maintained despite tight budget constraints.

“Success for me at the end of session would be making sure that those core essential services are still being taken care of, that the government is still providing for people in need,” Matayoshi said.

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French police arrest six over crypto-related magistrate kidnapping

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French police arrest six over crypto-related magistrate kidnapping

French authorities have arrested six suspects, including a minor, after a magistrate and her mother were held captive last week for around 30 hours in a cryptocurrency ransom plot, prosecutors said on Sunday, February 8.

Four men and one woman were detained, three overnight and two on Sunday morning, Lyon prosecutor Thierry Dran told AFP. He later confirmed a minor had been arrested on Sunday afternoon.

The individuals were taken into custody following the discovery of the 35-year-old magistrate and her 67-year-old mother on Friday morning, found injured in a garage in the southeastern Drôme region. Two of those arrested overnight were detained as they attempted to take a bus to Spain, according to a source close to the case speaking on condition of anonymity.

Authorities continue to actively search for further suspects, a second source close to the case said, adding that the woman in custody is the partner of one of the four male suspects.

During a press conference Friday after the pair’s escape, prosecutor Dran said the magistrate’s partner – who was not home when the two victims were abducted overnight Wednesday to Thursday – has a leading position in a cryptocurrency start-up.

A massive police search involving 160 officers was launched after the magistrate’s partner had received a message and a photo of her from the kidnappers demanding a ransom to be paid in cryptocurrency.

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The captors threatened to mutilate the victims if the transfer was not made quickly, Dran told reporters, declining to specify the amount demanded. But the two women managed to free themselves and call for help without any ransom being paid, by banging on the garage door in Bourg-les-Valence.

“Alerted by the noise, a neighbour intervened. He was able to open the door and allow our two victims to escape,” Dran said.

Crypto-linked kidnappings

French authorities have been dealing with a string of kidnappings and extortion attempts targeting the families of wealthy individuals dealing in cryptocurrencies.

In January 2025, kidnappers seized French crypto boss David Balland and his partner. Balland co-founded a crypto firm called Ledger, valued at the time at more than $1 billion.

Balland’s kidnappers cut off his finger and demanded a hefty ransom. He was freed the next day, and his girlfriend was found tied up in the boot of a car outside Paris.

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In May, the father of a man who ran a Malta-based cryptocurrency company was kidnapped by four hooded men in Paris. The victim, whose finger was also severed by the kidnappers and for whom a ransom of several million euros was demanded, was released 58 hours later in a raid by the security forces.

Read more Subscribers only The rise and fall of a gang of crypto-ransom kidnappers

Le Monde with AFP

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Cryptocurrency and Charity: The Blockchain's Growing Role in Philanthropy

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Cryptocurrency and Charity: The Blockchain's Growing Role in Philanthropy
According to Kraken’s BTC to USD rate, Bitcoin alone is worth $2.09 trillion of that. Some leaders of nonprofits are now thinking about whether accepting cryptocurrency donations could help their organizations make charitable giving more open and easy to track.
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