Crypto Ethone

  HALVING COMPLETED After today's halving, the rate of new bitcoin created roughly every 10 minutes is 3.125.  These halving events take place after every 210,000 blocks are validated or roughly every four years and were baked into the network's design when it was originally launched in January 2009. After the halving, the block reward or subsidy associated with validating each new block of transactions on the Bitcoin network is cut in half.  The block subsidy is the newly-created bitcoin that is included in the block as a reward to the associated miner.  So in effect, the block subsidy for successful miners is now 3.125 bitcoin. See you in 2028

  Coinbase to List Solana-Based Shadow Token (SHDW) Coinbase has announced its plan to list Shadow Token (SHDW), a Solana network (SPL token) asset, on its crypto exchange. Starting from April 10, 2024, at approximately 12:00 ET, trading will commence, subject to liquidity conditions being met. This move will allow Coinbase users to transfer and trade SHDW within regions where trading is permitted. Coinbase to List Shadow Token (SHDW) To ensure a smooth trading experience, Coinbase will initially roll out trading for SHDW-USD pairs in phases once it secures a sufficient supply of the asset.  However, users must note that they should not send SHDW over networks other than Solana.  Doing so could result in the loss of funds. In line with its commitment to transparency and customer safety, Coinbase has designated SHDW with an “experimental label.” Coinbase applies this label to assets that are new to its platform or have relatively low trading volumes compared to other cryptocurrencies. 

  The wallet reportedly linked to the U.S.  Justice Department (DOJ) initiated a 0.001 BTC transaction to a Coinbase Prime address. However, shortly afterward, the wallet transferred 30,174 BTC. On April 2, a wallet reportedly linked to the U.S. Justice Department (DOJ) initiated a  0.001 BTC transaction  to a Coinbase Prime address. However, shortly afterward, the wallet transferred 30,174 BTC, valued at around $2 billion, to a new address. According to internet investigators, the Bitcoin-holding wallet was seized from  James Zhong, who was convicted in 2022 .  For context, Zhong was  convicted for stealing over 51,680 bitcoin  from the online black market Silk Road between 2012 and 2014.  During 2021, American authorities conducted a raid on Zhong’s premises and found hard wallets storing Bitcoin.  According to a DOJ press release, this seizure was then the largest  cryptocurrency  seizure in the history of the DOJ. The U.S. government has not confirmed the  Bitcoin  transaction yet.

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