A major Bitcoin whale has implied that the upcoming halving is already priced in and BTC price can crash after the reward reduction. The third Bitcoin (BTC) block reward halving is set to occur in 14 days and this event is usually preceded by a powerful rally that many have long forecast would bring the […]
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Huobi’s HUSD minting amount of $4.2 million coincides with April 20 day. Today, April 20, Huobi has reportedly minted some 4,200,000 HUSD worth $4.2 million. According to data published by Whale Alert, this minting occurred around 7:30 GMT. Social media reactions saw users note this number’s similarities to today’s date — the 20th day of […]
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In the run-up to the halving, the well-known prediction theory is facing its biggest ever test, with its end-of-year price target now at $30,000. The creator of the stock-to-flow (S2F) Bitcoin (BTC) price model says that the upcoming block reward halving will decide if it lives or dies. In a series of tweets on April […]
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The financial industry will see the further adoption of stablecoins around the world, partly due to the responses to COVID-19. We are living through interesting times. At the time of writing, roughly half of the world’s population is on lockdown, with 90 countries in various forms of confinement and the pandemic crashing global stock markets. […]
Continue ReadingIn an interview this week, the Morgan Creek Digital CEO revealed reservations about Ripple’s giant XRP hoard and said the majority of altcoins will go to zero. One of cryptocurrency’s biggest hedge funds says it will keep avoiding XRP and Stellar (XLM) because their supply is too centralized. In an interview with YouTube series Thinking […]
Continue ReadingAnalysis from Coin Metrics suggests that a giant selloff sparked an immediate knock-on effect for BTC/USD, which shed hit lows of $6,850. Bitcoin (BTC) fell below $7,000 minutes after an investor prepared to sell 1,000 BTC on a major exchange, data shows. Discovered by monitoring resource Coin Metrics, the deposit on Huobi Global on April […]
Continue ReadingThe number of Bitcoin whales with at least 1,000 BTC to their name is now higher than at any point in the past two years, Glassnode says. There are more Bitcoin (BTC) whales now than at any point in the past two years — and that mimics a trend from its 2016 halving, data shows. […]
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The proof-of-stake ecosystem continues to refine itself and find creative solutions in pursuit of decentralized consensus — despite the problem’s complexity and challenges. Oh, the wonders of decentralized consensus — that dream of permissionless blockchains to be censorship-resistant, trustless, collaborative and egalitarian for a potentially global community of users. While lofty in ideals, consensus is […]
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Bitfinex gains praise from whales, while a volatility warning hits BitMEX after its futures market produced a one-minute surge of $450 on April 4. Bitcoin (BTC) saw a “flippening” during its price crash to $3,700 last month — something that could reveal a new uncomfortable truth about exchanges. In its March Exchange Review released this […]
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The case for an immediate Bitcoin price spike after the halving in May is flawed, past data shows. The block reward halving of Bitcoin (BTC) has long been touted as an optimistic factor to drive the short-term price trend of BTC in the first half of 2020. Historical data, however, shows that the halving does […]
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