Hodler’s Digest, April 14-20 – Cointelegraph Magazine

Top Stories This Week

Grayscale spot Bitcoin ETF ‘halves’ before BTC halving

Major Bitcoin investor Grayscale Investments saw its spot BTC exchange-traded fund (ETF) holdings drop 50% ahead of the anticipated Bitcoin halving event.

On April 16, Bitcoin holdings in the Grayscale Bitcoin Trust ETF (GBTC) shrunk by one-half from 619,220 BTC on the first day of trading on Jan. 11.

The spot Bitcoin ETF held 309,871 BTC on its 66th day of trading, down 50% of the amount since the trading debut, according to GBTC data.

The GBTC “halving” came just two days before the much-anticipated Bitcoin halving, which will reduce the mining reward by 50% from 6.25 BTC to 3.125 BTC.

Occurring once every four years, or once in 210,000 blocks, the Bitcoin halving is a major event, often tied to subsequent rallies in the crypto market.

The two events do not correlate but make for another coincidence in the chronology of Bitcoin-related occurrences.

Worldcoin launches its own ‘human-centric’ blockchain network

Worldcoin, an identity coin startup founded by OpenAI CEO Sam Altman, has furthered its “human-centric” approach to the Web3 space with its new blockchain network, World Chain. 

On April 17, Worldcoin announced World Chain, which is a new blockchain initiative designed to prioritize human users, enhance efficiency and foster real-world utility in Web3 applications.

Worldcoin recently surpassed 10 million World IDs created and 75 million completed transactions, signaling the project’s rapid expansion. 

Its own dedicated network has been designed to scale alongside the broader Ethereum network as a layer 2 to meet the project’s needs.

Cointelegraph spoke with Tiago Sada, the head of operations at Worldcoin, to better understand the project’s intention with its network and how it plans to keep humans in the center.

Sada said that while, technically, World Chain will act similarly to Ethereum and any other L2, its nuance is that it prioritizes humans…

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