Data indicates that someone was propping up Bitcoin Cash at a loss prior to the halving. Since it was first launched back in August 2017, Bitcoin Cash (BCH) has failed to make an impact in terms of metrics like price and trading volume. Having said that, the altcoin, whose roots can be found in the […]
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A new Chinese mining pool swiftly takes 5% of the Bitcoin mining pie, while its origins remain unknown. New China-based mining pool Lubian accounts for 5.15% of the total Bitcoin (BTC) hash rate, just three weeks after processing its first block. The pool was originally spotted by BlockBeats, a Chinese blockchain news outlet, on May […]
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Bitcoin miners are not likely to see capitulation and especially a “mining death spiral” after the 2020 halving due to four major reasons. A popular narrative revolving around the Bitcoin (BTC) halving is that it may trigger the capitulation of miners. But, it is premature to suggest many miners will shut down in 2020 and […]
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Biotech firm-turned-Bitcoin miner Riot Blockchain disclosed strong results for Q1 2020 in its latest quarterly report filed with the U.S. Securities and Exchange Commission. Biotech firm-turned-Bitcoin miner Riot Blockchain disclosed strong results for Q1 2020 in its latest quarterly report filed with the United States Securities and Exchange Commission (SEC). Published May 8, the report […]
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Bitcoin has just experienced a once-in-four-years event: its third halving, which has cut the miner block reward from 12.5 BTC to 6.25 BTC. The most anticipated cryptocurrency event of 2020, Bitcoin’s (BTC) third halving, has just taken effect. Occurring only once every four years, the latest Bitcoin mining block reward halving just reduced the Bitcoin […]
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Binance’s entrance to the Bitcoin mining industry could create a great disparity for the Bitcoin community. Binance has launched its own mining pool. This could spell bad news for miners, but probably not for the reason you’re thinking of. We’re all aware that Binance is continuing to extend its reach across the industry. The exchange’s […]
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Experts weigh in on the ongoing gold vs. Bitcoin debate: Which asset is more capable in these current times? Is gold faltering as a safe haven? A Coinbase blog post from May 1 suggested that several months into the COVID-19 pandemic, gold’s market efficiency vis-à-vis Bitcoin (BTC) could be slipping. “Bitcoin and gold are fundamentally […]
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The Bitcoin halving and coronavirus are still dominating media headlines, here’s five things to do while waiting on both events to end. Let’s face it: Whether you’re an avid crypto enthusiast or just mildly interested in this blooming industry, chances are you’ve read, seen or heard more stories about the coronavirus and the Bitcoin (BTC) […]
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As the halving approaches, Bitcoin’s hash rate sees major volatility. So what does it mean, exactly? Bitcoin’s (BTC) mining hash rate is seeing major volatility ahead of the halving event, scheduled for May 12, as the mining sector is preparing for a major reshuffle. On May 3, the hash rate set a new all-time high, […]
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Sentiment seems to be leaning to a big upside for Bitcoin following the looming block reward halving. Hype is steadily building across the wider cryptocurrency community as the looming Bitcoin mining reward halving draws closer. As the world grapples with the heavy economic downturn spurred on by the ongoing global coronavirus pandemic, the value of […]
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