3 Technical Factors Point to a Bitcoin Price Correction After Halving

The Bitcoin (BTC) price has seen a strong recovery to $9,887 since mid-March, rising by more than $6,000 within a span of two months. The rapid upsurge was caused in anticipation of the block reward halving that is set to occur on May 12. The halving will continue to be the main narrative around the Bitcoin price trend throughout the next two years, as it directly affects the supply of BTC. It reduces the rate in which new BTC is mined by half, causing its supply in the market to…

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9 Reasons Why Bitcoin Has Never Been Stronger Going Into a Halving

From surging price and all-time-high hashrates to Paul Tudor Jones and narrative relevance, a look at the strength of BTC heading into next week’s halving. The bitcoin halving is just a few days away and the growing excitement is palpable. On this episode of The Breakdown, NLW argues the excitement is also legitimate, and looks at nine reasons why bitcoin has never been stronger going into one of its every-four-year issuance reductions: Oh, and let’s not forget: Hedge fund legend Paul Tudor Jones is reportedly invested in bitcoin and sees…

Bitcoin Price Rises Above $9,700, 4 Days Left Until 2020 Bitcoin Halving

Bitcoin price surges over 5% to trade above $9,700 at the time of reporting. The rally comes as the clocks show 4 days remaining until the BTC halving event. Bitcoin price continues soaring as the hype with BTC halving keeping most enthusiasts awake now and then. Bitcoin halving is expected to happen in just 4 days. The asset was up 6.12% after adding around $600 to trade $9,773.07 at the time of reporting. It has broken past several resistance levels in the past few days setting a record rise amid…

No, Free TON Hasn’t Just Forked Telegram’s TON Blockchain

Free TON Community, an independent group of developers and users, have just launched a free version of the Telegram Open Network, or TON. During the launch event on May 7, community members answered major questions about the Free TON Blockchain launch. At the launch Zoom call, a number of users were wondering whether the Free TON Blockchain represents a fork of Telegram’s original TON. According to a key community member, the Free TON Blockchain should not be referred to as a fork. “There is no network to fork” Mitja Goroshevsky,…

Hedge Fund Pioneer Turns Bullish on Bitcoin Amid ‘Unprecedented’ Monetary Inflation

Paul Tudor Jones, a pioneer of the modern hedge fund industry, is ready to bet on bitcoin’s price as an inflation hedge. Jones’ Tudor BVI Global Fund, managed by Tudor Investment Corp., has been authorized to hold as much as “a low single-digit percentage exposure percentage” of its assets in bitcoin futures, according to a note sent to investors this month. The firm manages $38 billion, of which $22 billion is in the flagship BVI fund. Bloomberg News reported the disclosure earlier Thursday. It is not clear from the letter whether…

Tone Vays and Charlie Burton Discuss Bitcoin Live With Cointelegraph

Join us for Cointelegraph’s first Crypto Markets show! Will Bitcoin break 10K today? What are the consequences of the upcoming Bitcoin Halving? Why do many Wall Street investors advise clients to buy Bitcoin now? Tune in to Cointelegraph’s YouTube channel to join traders Tone Vays and Charlie Burton in our first live Crypto Markets show. At the end of the show, we will host a Q&A session, so post your questions, we will choose the best ones to ask our guests. And don’t forget to subscribe to our channel! Original

Cryptocurrencies are Looking Bullish as Market Cap Shatters 6-Month High

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Bitcoin and the broader digital asset market advanced on Thursday, extending an impressive streak of gains that has pushed the total market cap to six-month highs. Most of the top cryptocurrencies in circulation printed fresh gains on Thursday. Bitcoin peaked at $9,856.43 on Bitstamp, the highest since September. The largest cryptocurrency is up more than 36% year-to-date, easily outperforming the broader financial market. Ethereum rose nearly 5% to $212.33. The so-called developer’s cryptocurrency is up more than 63% since the year began.…

Bitcoin Surges Near $10,000, Destroying $20M In BitMEX Short Positions

Just five days out from the Bitcoin block reward halving, analysts are buying coins en-masse in preparation for more upside. The cryptocurrency topped $9,750 just minutes ago for the first time since March, setting a new local high just shy of $9,800. With this, BTC is up 4% from ~$9,400 in the past 24 hours, outperforming altcoins like Ethereum and XRP. Chart from TradingView.com This latest move may be small in percentage terms but analysts say it’s important from a technical standpoint. One trader, in fact, commented that once Bitcoin…

Europe’s Largest Private Hospital Hit By Crypto Ransomware Amid Pandemic

Hackers infected the IT infrastructure of the largest private hospital in Europe with ransomware. Cybersecurity news outlet, KrebsonSecurity, reported on May 6 that hackers compromised the IT systems of Germany-based private hospital, Fresenius. An anonymous source reportedly informed the outlet that the hospital’s systems were infected by the ransomware known as Snake. The ransomware in question was discovered earlier this year, and is being actively used to target large businesses. Fresenius spokesperson, Matt Kuhn, reportedly confirmed to KrebsonSecurity that the hack took place: “I can confirm that Fresenius’ IT security…