April 18 is the approximate date for the Bitcoin halving to occur. With this day approaching, investors are speculating about the price that the main cryptocurrency on the market could reach.

The halving is a known phenomenon, which occurs every four years, when it reaches 210,000 blocks and “the reward that miners receive for verifying transactions in the Bitcoin network is reduced by half.”

A few days before it happens, the debate is intensifying and investors’ expectations are deepening, given that in the processes of 2012, 2016 and 2020 the digital currency experienced notable growth in the subsequent months.

In any case, there is no obligatory correlation between the halving and the value of Bitcoin. Furthermore, the cryptocurrency started in 2024 with ups and downs. In January the price was $44,168; on March 14 it stood at 73,737 and current price of the virtual asset is USD 70,500.

Analysts are clear that the halving will have an impact on the price, although they do not know what it will be. Some are inclined towards a considerable increase, “others are more cautious and foresee a moderate impact or even a neutral scenario”, taking into account factors such as market volatility or global economic uncertainty.

M.Pino

Source: beincrypto

(Reference image source: Jakub Żerdzicki in Unsplash)

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In a surprising victory against cybercrime, Huobi Global’s HTX cryptocurrency exchange has managed to recover funds stolen by a hacker in late September. In this incident, 5,000 ETH, valued at approximately USD 8 million at the time, were compromised and drained from one of HTX’s hot wallets.

However, what really stands out in this case is the unusual way in which Huobi Global recovered the funds and resolved the situation. After establishing contact with the hacker and confirming his identity, HTX opted for an extremely conciliatory solution.

They offered a 5 % reward, equivalent to about $400,000 in Ether, and agreed not to take legal action if 95% of the stolen funds were returned by the October 2 deadline.

At a time when stablecoins in the cryptocurrency world have faced considerable challenges over the past eighteen months, this successful resolution stands out as a ray of hope in the industry.

According to data provided by DeFiLlama, a crypto data provider, the total market capitalization of these digital assets has seen a 35 % drop, especially following the collapse of Terraform and its native stablecoin last year.

K. Tovar

Source: Criptotendencia

(Reference image source: Unsplash+)

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La entrada Huobi Global finally managed to recover its hacked funds apareció primero en Bitfinance.