May 1, 2020

P2P Lending Platform Development Company

May 1, 2020 boss

P2p Cryptocurrency Lending Platform Development Services At bitdeal we support our clients to create a p2p cryptocurrency lending platform like coinloan, Nexo, celcius.network to connect crypto borrowers and lenders under one roof. The created p2p crypto lending platform can be tied up with any cryptocurrency exchange website which allows margin trading where traders and investors can transact funds between them from anywhere around the globe. At bitdeal we have a team of hotshot developers who are skilled in developing blockchain smart contracts powered automated and decentralized p2p cryptocurrency lending platforms…

12 Months of Onchain Data Shows Bitcoin Whales Obtained Hundreds of BTC from Small Fish

May 1, 2020 boss

According to recent data, crypto participants known as ‘bitcoin whales’ have been steadily accumulating bitcoins, and not selling since the ‘Black Thursday’ market carnage on March 12, 2020. Onchain data and blockchain analysis firms indicate that the number of bitcoin whales with 1,000 to 10,000 BTC or more on a single address has increased significantly. Small and Mega-Bitcoin Whales Accumulate More Coins During the Market Dip In the cryptocurrency world, investors who hold a large number of digital assets are typically called ‘whales.’ There are also all types of whales…

Miner Survivability Post-Halving: A Hash Rate Comparison

May 1, 2020 boss

The market for selling hash rate in exchange for Bitcoin (BTC) has undergone staggering growth in the epoch since the last halving. There is almost 100 times the level of competition today as there was four years ago, up 125 exahashes from 1.4 exahashes. After the last halving in 2016, 16nm chips were first hitting the market, pushing 14 terahashes per second, or T/s, at an efficiency of 100 watts per terahash. Since then, 10nm, 7nm and now 5nm chips have switched on, with over 100 T/s now consuming just…

Bitcoin On-Chain Data Suggests Miners Expect Halving to Pump BTC Price

May 1, 2020 boss

As the coronavirus pandemic continues to unfold and new signs of lockdowns beginning to be slowly lifted in Europe, all eyes in the crypto community are back on the Bitcoin (BTC) halving. The event is only 10 days away, and Bitcoin’s price seems to be acting accordingly, having surged an incredible 23% to a monthly high above $9,400 earlier this week. A widely celebrated event in the cryptocurrency industry, the halving is part of the Bitcoin monetary policy, in which every four years, the Bitcoin mining reward is cut in…

Study Shows UK Blockchain Companies Are Shifting Back To Traditional Funding Strategies

May 1, 2020 boss

A new study released by venture capital firm, MMC Ventures, found that UK blockchain companies are turning to traditional capital raising strategies, noting that the Initial Coin Offering, or ICO, model is becoming “increasingly” difficult to utilize. According to the research published on April 30, ICOs represent a “valuable” funding source for open-source projects. However, they allege that cheap access to capital combined with a lack of understanding of the esoteric concepts involved in most crypto projects, generated the perfect conditions for a “bubble.” The research further quotes a study,…

Former Bakkt CEO and Current US Senator Loeffler Sees 20% Approval Among Voters

May 1, 2020 boss

Per a new poll of Georgia republicans released on April 29, Senator Loeffler (R-GA) seems to have a rough road ahead of her en route to the special election later this year. Loeffler’s appointment and coming election Georgia’s Governor Brian Kemp initially appointed Loeffler to her senate seat in December following Sen. Johnny Isakson’s announcement that he would retire at the end of 2019 facing declining health. As she attained her seat by appointment rather than election, Loeffler will need to win a special election at the beginning of November…

Decentralized VPN Gaining Steam at 100,000 Users Worldwide

May 1, 2020 boss

Blockchain-based ecosystem, Tachyon, has a decentralized virtual private network, or VPN, hosting 100,000 users as of April, according to V Systems chief architect, Sunny King. “Tachyon has started open pilot testing,” King told Cointelegraph in an April 25 email. “Features are introduced step-by-step,” he said, adding: “I’m delighted that Tachyon VPN has just reached 100,000 users globally this month and I believe that eventually it would enable a vibrant VPN service marketplace for the world.” Tachyon and V Systems go hand in hand Pseudonymous proof-of-stake, or PoS, creator Sunny King…

Bitcoin Miners Usually Create 6 Blocks per Hour. They Just Banged Out 16

May 1, 2020 boss

In an unusual deviation from the norm, bitcoin miners just produced 16 blocks in 63 minutes, according to the Blockstream bitcoin block explorer. Four of the new blocks were mined within 46 seconds at 19:02 UTC on Friday. Each new bitcoin block is produced every 10 minutes, on average. The exact time required to produce a new block can vary significantly and depends in part on the current mining difficulty level, which adjusts every 2,016 blocks, or approximately once every two weeks. Bitcoin’s anomalous spree of new blocks was first…