Day: April 8, 2020

OTC Spreads Exceeded 10% Amid Bitcoin’s Violent March Crash

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Over-the-counter (OTC) liquidity provider B2C2 has published a report analyzing the trading spreads exhibited across its Bitcoin (BTC) market and three leading institution-facing spot exchanges throughout March. The study finds that spreads widened significantly amid the dramatic crash of March 12–13, the largest drop in the price of Bitcoin since 2013. Bitcoin order spreads exceed 10% immediately on March 13 As the crash began on March 12, bid-ask spreads for batches of 25 BTC bounced from close to single-digit basis points to 200 on its platform — equating to roughly…

The Bitcoin Cash Network’s Block Reward Officially Halved – Block 630,000 Mined

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On April 8, 2020, the Bitcoin Cash network’s block reward halved as of block 630,000 and BCH miners hashing away at the network will now capture only 6.25 coins per block going forward, instead of 12.5. The BCH halving is the first major SHA256 branch to halve its block reward, as BSV and BTC will halve as well within the next 30 days. Now that the BCH halving has slashed the current block reward, BCH proponents will be focused on the cryptocurrency’s price, hashrate, and the network’s difficulty. Also read:…

The Bitcoin Cash Network’s Block Reward Officially Halved – Block 630,000 Mined

boss

On April 8, 2020, the Bitcoin Cash network’s block reward halved as of block 630,000 and BCH miners hashing away at the network will now capture only 6.25 coins per block going forward, instead of 12.5. The BCH halving is the first major SHA256 branch to halve its block reward, as BSV and BTC will halve as well within the next 30 days. Now that the BCH halving has slashed the current block reward, BCH proponents will be focused on the cryptocurrency’s price, hashrate, and the network’s difficulty. Also read:…

OnChain Capital’s Coronavirus Relief Fund ‘Overwhelmed’ by Applicants

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Runway Fund — an emergency relief fund assembled by the co-founders of OnChain Capital to help startups impacted by the COVID-19 pandemic — has been “overwhelmed” by the number of applications. Cointelegraph spoke to Ran Neuner, host of CNBC Africa’s Crypto Trader and co-founder of both OnChain Capital and Runway Fund, to find out more about the project’s plans to assist struggling start-ups. The fund is open to applications from startups in all jurisdictions and has received 400 submissions from startups worldwide in only two weeks. Neuner states that the…

High Court Delivers Judgement on User Assets at Hacked Exchange Cryptopia

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Hacked cryptocurrency exchange Cryptopia today informed its users that the High Court of New Zealand has delivered its judgment on the status of their compromised assets. In a tweet thread published on April 8, the exchange shared the 74-page court document detailing the judgment, summarizing: “Today, 8 April 2020, Justice Gendall delivered his judgment finding firstly, cryptocurrencies are “property” […] and secondly, that account holders’ cryptocurrency were held on multiple trusts, separated by individual crypto-asset type. This means that the cryptocurrencies are beneficially owned by the account holders and are…

Bitcoin Futures Did Not ‘Manipulate’ BTC Price — Stock-to-Flow Creator

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Bitcoin futures do not unfairly impact the price of Bitcoin (BTC), according to the creator of one of the cryptocurrency’s most accurate price models. In a series of tweets on April 7, PlanB, the pseudonymous analyst behind the stock-to-flow model, argued that futures have not caused the Bitcoin price to behave erratically. PlanB: “Nothing unusual” in Bitcoin price after futures release According to stock-to-flow, Bitcoin has performed as expected, even after the first futures hit the market in December 2017.  Now an industry with hundreds of millions of dollars of…

Blockchain in Layman's Term

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io The video explains how blockchain technology works in layman’s terms. ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version

Bitcoin Cash (BCH) Poised to Undergo First Halving; Miners Hold Tight

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The fifth-largest cryptocurrency by market cap, Bitcoin Cash (BCH) is set to undergo halving today, April 8, 2020, which means that the number of BCH coins created approximately every 10 minutes will fall from the current 12.5 to 6.25. Notably, this will be a milestone in BCH’s relatively short history, as typically – at least in case of Bitcoin (BTC) – halvings are preceded or succeeded by a dramatic price movement of the underlying cryptocurrency. BCH Set to Undergo Halving In a major milestone for the community, Bitcoin Cash is…