A Blockchain analytics firm has estimated that the cost to mine bitcoin will rise to over $12,500 following May’s halving event.
Leading crypto exchange Binance has applied for a license in Singapore under the country’s new Payment Services Act.
Galaxy Digital CEO Michael Novogratz has argued that he sees Bitcoin hitting $20,000 highs by year-end. While acknowledging the “frenzied” nature of Bitcoin’s price at the moment, the former Goldman Sachs partner sees a positive year ahead.
Top stories in the Crypto Roundup today:
- Analytics Firm Tradeblock Predicts Bitcoin Mining Costs to hit Over $12,500 Following Halving
- Binance Applies for Singapore License
- Novogratz on Bitcoin: 'At Least We Go to the Old Highs' by Year End
At the time of writing, bitcoin (BTC) is trading at $9,822.19 (-1.50%) with a daily Top Tier volume of $2.43 billion. As for ether (ETH), it is trading at $252.54 (-6.38%) with a daily Top Tier volume of $2.29 billion. The MVIS CryptoCompare Digital Assets 10 Index is currently tracking at 3,769.61 (1.81%).