The Bitcoin Cash halving triggered an 80% drop in hash rate over less than two days — leaving it vulnerable to a 51% attack. The recent Bitcoin Cash (BCH) block reward halving has wreaked havoc on the cryptocurrency’s hash rate — with an apparent miner exodus plummeting hash power more than 80% over two days. […]
Continue ReadingThe first Bitcoin Cash halving sees miner exodus, declining profitability and no significant upward price action. The quadrennial block reward halving for Bitcoin Cash (BCH) has come and gone, with miner rewards dropping from 12.5 BCH to 6.25 BCH. The event marked a pivotal moment for the fifth-ranked cryptocurrency by market capitalization, as it was […]
Continue ReadingDespite the high level of privacy, Venezuela’s national crypto could not help avoid international sanctions nor even cover the illicit activities of the country’s leaders. At the end of February, the United States Immigration and Customs Enforcement revealed its Cryptocurrency Intelligence Program, which targets peer-to-peer and darknet markets for the illicit use of cryptocurrencies. Then, […]
Continue ReadingThe Lightning-compatible Fold app has joined Visa’s Fintech Fast Track Program to roll out a co-branded Bitcoin cashback rewards card. The Fold app — a Lightning-compatible mobile app that offers users Bitcoin rewards (BTC) while shopping — has joined Visa’s Fintech Fast Track Program. Joining the program will enable the app to launch a new […]
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With the rewards for BCH miners cut in half once they reached block 630,000 on April 8, the time between generating blocks has slowed. Not even a day has passed since the Bitcoin Cash halving and already the hash rate has taken a hit and block generation slowed significantly. Many predicted that at least some […]
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BTCs halving seems to be the only one on the minds of traders, with several forks correlating with BTC in the run-up to their halvings. With the halvings for Bitcoin Cash (BCH) and Bitcoin SV (BSV) failing to drive a surge in demand, it appears that their block halvings may turn out to be non-events. […]
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Continued strength has shaky foundations, warns one Cointelegraph analyst, who predicts “bearish divergences” for Bitcoin price beyond $7,500. Bitcoin (BTC) continued to shoot for $7,500 on April 8 as bullish momentum kept support at $7,000 firmly intact. Cryptocurrency market daily overview. Source: Coin360 $7K holds firm for BTC Data from Coin360 and Cointelegraph Markets showed […]
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CasperLabs, the firm tasked with developing Ethereum’s implementation of proof-of-stake, decided to launch its own blockchain. CasperLabs, the firm tasked with developing Ethereum’s implementation of Proof-of-Stake (PoS), has decided to launch its own blockchain. According to a recent announcement, CasperLabs plans to launch its own PoS blockchain in collaboration with Singapore-based crypto exchange BitMax. BitMax […]
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Canadian miner Bitfarms is temporarily reducing staff to help mitigate the spread of COVID-19 and weather the economic crisis. Publicly-listed Canadian mining and blockchain infrastructure firm Bitfarms is temporarily reducing staff, citing the economic and social toll of the COVID-19 pandemic. In an update published on April 6, the company revealed it had succeeded in […]
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Bitfinex is launching a staking service allowing EOS, Tezos, Cosmos, and V-Systems holders to generate passive income from proof-of-stake crypto assets held on the exchange. Major cryptocurrency exchange Bitfinex has become the latest exchange to offer staking services to customers. Announced April 3, Bitfinex will offer staking rewards up to 10% per annum on crypto […]
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