Monday may have been uneventful for Bitcoin’s price, but it was a historic moment nonetheless. Bitcoin’s (BTC) third block halving has finally taken place. The year’s most talked-about crypto event happened at 3:23 p.m. EST on Monday, May 11, as block number 630,000 was successfully mined. The Bitcoin block reward has now gone down from […]
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Anthony Pompliano argued that government stimulus measures will drive the adoption of alternative stores of value and non-correlated assets at Consensus. Anthony “Pomp” Pompliano, the co-founder of Morgan Creek Digital, argued that the United States government’s response to the COVID-19 lockdown will drive new users to adopt cryptocurrencies. During a discussion with Binance CEO Changpeng Zhao […]
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Bitcoin halved successfully and even though BTC failed to rally investor sentiment remains bullish. The long awaited Bitcoin halving came and went, bringing with it whipsaw volatility which saw the price whipsaw 5% to 7% in each direction for the last three hours leading up to block 630,000. Earlier in the day, the top-ranked digital […]
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The Cointelegraph Bitcoin Halving live party continues with a deep dive into how the mining industry is affected by the sudden, but very predictable revenue shock. Cointelegraph is holding a live event to honor the Bitcoin (BTC) halving, set to occur in just a few hours. As profits for miners will be cut in half […]
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Emerging technologies such as blockchain are reshaping the landscape of the traditional financial system in Europe. By spring 2020, it became inescapable that we now live in a world with an unraveling future. The once-imminent shift, now fueled by the coronavirus outbreak, has accelerated the pace of technological adoption, and the financial field was among […]
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While miners took a double hit, the combination of the pandemic and halving could provide an unlikely tailwind to the crypto industry at large. Normally, little is unexpected concerning the regular, pre-programmed adjustment of the Bitcoin network’s mining reward size, otherwise known as halving. Baked into the digital currency’s original protocol, the anti-inflationary mechanism gets […]
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Bitcoin price action turns volatile once more as daily gains circle 4% despite bad news from traditional markets, which are tipped to open lower. Bitcoin (BTC) returned to $9,000 just hours before the halving on May 11, stepping up efforts to erase the weekend’s big losses. Cryptocurrency market daily overview. Source: Coin360 BTC price hits […]
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What’s in a $1,200 drop? Bitcoin is serving up considerable volatility, but all factors point to business as usual as the third halving hits. Bitcoin (BTC) has delivered awe-inspiring volatility in the days before its third block reward halving — but what should traders look out for as the event hits? Cointelegraph takes a look […]
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Bitcoin suffers a “halving dump” after testing $10,000, what the event means for miners, and the latest predictions of where prices will be in 2021 and beyond. Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading […]
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Iran is set to redenominate its fiat currency, removing four zeros to create a new fiat called toman as demand for crypto is surging. Ravaged by crippling hyperinflation, Iran’s Parliament has sanctioned the redenomination of its fiat — the rial — by replacing it with a new currency called the toman. According to the plan, […]
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