2024 Most Awaited Crypto Events: A Comprehensive Overview
As the crypto industry continues to evolve, enthusiasts eagerly anticipate key events in 2024 that promise groundbreaking developments. From blockchain conferences to technology showcases, the crypto space is set to witness an array of impactful gatherings.
ETF approvals and The Halving Event
As 2024 unfolds, the cryptocurrency market is buzzing with anticipation for two significant events: the Bitcoin Halving and the potential approval of Bitcoin Exchange-Traded Funds (ETFs). Industry experts and analysts are closely monitoring these developments, expecting them to shape the trajectory of the digital currency.
Bitcoin’s scheduled halving events, occurring approximately every four years, are pivotal moments for the cryptocurrency. With the next halving expected around April 2024, experts like Nexo and Standard Chartered are bullish on Bitcoin’s price, foreseeing it reaching $100,000. The halving, which reduces the rate at which new Bitcoins are created, historically correlates with surges in Bitcoin’s value, making it a highly anticipated event for investors.
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The potential approval of a Bitcoin Spot ETF is another focal point. Analysts suggest that the approval odds have risen to over 90%, fueling excitement in the crypto community. Investors are closely watching the SEC’s decision, poised to make a landmark impact on cryptocurrency markets. ETFs are seen as a gateway for institutional investors to enter the crypto space, potentially bringing increased liquidity and stability.
Dencun de Ethereum
Frequently, the pivotal occurrences within the annum are substantial modifications implemented on Ethereum’s network. In 2024, this scenario unfolds as the much-anticipated proto-danksharding is slated for inclusion during the inaugural quarter of the year in the Dencun update.
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Ethereum has devised a rendition of danksharding technology, with proto-danksharding marking its inaugural iteration. Due to Ethereum’s challenging expandability, transactions encountered prolonged durations and incurred significant expenses during peak periods. The envisaged solution is sharding, involving the deployment of smaller network fragments, termed shards, capable of autonomously executing smart contracts and managing transactions.
Rollup-based layer-2 chains like Arbitrum One, Optimism, and Base now possess the capability to integrate more economical data into Ethereum mainnet blocks using blobs. Although these blobs can be transmitted and appended to blocks, the Ethereum Virtual Machine lacks access to the enclosed data. Leveraging blobs and transactions housing them, layer-2 chains can preserve and retrieve off-chain data on the Ethereum mainnet without substantial financial outlays. Consequently, post the Dencun update, layer-2 transactions are poised to witness a significant reduction in costs.
Dencun is poised to confer additional advantages upon Ethereum users, encompassing enhanced utilization of block space, diminished expenses related to data storage, improved connectivity across chains, and heightened security, attributed to the diminishing relevance of the SELF-DESTRUCT function.
2024 is also expected to see a couple of landmark in the cryptocurrency legal space. The standoff between Coinbase and the SEC is an example of one such event. The fight, which started amid a law enforcement move in June, is one of the strongest signs of the legal problems the crypto world is facing. What happens at this meeting could affect how digital assets are regulated in the U.S. in the future.
In late November, Coinbase’s legal answer emphasized how important it was for regulations to be clear and for the SEC to take firm action on how to regulate digital stocks. This meeting is not just about Coinbase; it’s a test of how the US will handle digital assets in general.
Aside from the Coinbase saga, the FTX story could also see a new dawn this year. In November, Sam Bankman-Fried, the founder of FTX, was found guilty of theft involving a lot of money. As a part of the settlement process, permission was granted to sell off assets worth nearly $880 million in order to pay back bondholders. These changes show that FTX is slowly moving into a phase where the exchange will be restructured.
When this issue is resolved, buyers should be able to trust the industry again and understand the rules more clearly. This could bring in new private funds.
Gary Gensler, the chair of the SEC, said that he would be open to thinking about restarting FTX as long as SBF’s leadership is replaced and the exchange is run legally. If the government agrees, this kind of restart could help build faith in FTX or, at the very least, lessen the bad effects of the incident.
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Blockchain Conferences Around the Globe
The halving and ETF narratives aside, 2024 is expecting a couple of big conferences in the crypto space as well. Cryptocurrency conferences provide a platform for experts, developers, and enthusiasts to exchange ideas. An example of suvh is the Blockchain event, scheduled for the 13th-15th of february.
Highlights include CONF3RENCE in Dortmund, Germany, Consensus 2024 in Austin, USA, TOKEN2049 in Dubai and Singapore, Paris Blockchain Week in France, NFT NYC in New York, London’s Blockchain and Digital Assets Summit, WOW Summit in Hong Kong, ETHDenver in Denver, USA, Developer Con in Southeast Asia, and the highly anticipated Bitcoin 2024 conference in Nashville, USA, where enthusiasts eagerly await the potential impact of Bitcoin’s impending halving. These events offer platforms for learning, networking, and exploring the latest technologies, providing unique insights into the evolving crypto landscape.
The crypto events in 2024 offer a diverse range of opportunities for learning, networking, and exploring the latest advancements. Whether you’re interested in blockchain protocols, cryptocurrency trends, or specialized topics, these events provide a valuable platform for engagement.