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Day: May 7, 2020
BTC Miners Expect Bitcoin Price to Surpass $12K After Reward Halving
Miners have sold less Bitcoin (BTC) over the past seven days as the highly anticipated block reward halving approaches. This means that miners expect the price of Bitcoin to increase substantially over time after the halving occurs. The Bitcoin halving, which is set to occur on Tuesday, occurs approximately every four years. When triggered, it decreases the amount of Bitcoin that miners are rewarded with for their troubles. Since new Bitcoin is introduced to the market by miners selling it, the halving drops the rate in which new Bitcoin is…
Blockchain Bites: Introducing the CoinDesk 50 and a Roadmap to Consensus: Distributed
The CryptoX 50Congratulations to the inaugural CryptoX 50. This new list features the most important, innovative and viable projects in the crypto and blockchain industry. In just 11 years, cryptocurrency and its underlying technology has made serious in-roads, promising to reinvent how the world transacts, how the internet will function and how to more equitably distribute resources. CryptoX has been covering this varied space for seven intense years. Today, we’re honored to present the first 10 protocols, companies and projects we believe have or will have the greatest impact, not only…
Cambridge University Researchers Launch Global Bitcoin Hashrate Map
The Cambridge Center for Alternative Finance (CCAF), an affiliate of the University of Cambridge dedicated to the study of alternative finance and financial channels, has developed a new Bitcoin data tool called the Bitcoin Mining Map. The team claims the solution helps users get a clear picture of the global monthly bitcoin mining hashrate, according to reports on May 7, 2020. CCAF Unveils New Bitcoin Mining Data Tool In a bid to foster more transparency in the bitcoin mining ecosystem and help researchers to better calibrate their parameters, the Cambridge…
Ohio Democrat Lawmakers Propose Blockchain Voting in Bill For Election Overhaul
In the Ohio House of Representatives, Democrats have included a new voting system pilot based on blockchain as part of their elections law overhaul bill. The system will be used to count and track the votes of military personnel stationed outside of the US but registered to vote in Ohio. On May 5, the Ohio Democrats introduced the elections overhaul bill which requests the set up of a pilot program for blockchain voting specifically for Ohio registered U.S military voters stationed overseas. The bill was introduced by Democrat Reps. Beth…
DeFi’s Recent, Costly Setbacks Serve as Lessons for the Sector
The “hack” of the DAO runs deep into the collective memory of the cryptocurrency community. After an extremely successful crowdfund in May 2016, the DAO lasted a little over a month before an attacker started to drain funds from the smart contract, taking around $70 million worth of Ether (ETH). However, as some pointed out at the time, the DAO incident was not a hack at all. The attacker simply exploited a vulnerability in the underlying smart contract code to make it behave in a way that the programmers didn’t…
Marty Bent Says Bitcoin Mining Will Be Dominated By Oil Companies
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Mining Bitcoin has often been criticized for its power usage, but podcaster Marty Bent has embraced a solution that he says actually reduces waste in the oil and gas sector. ► SPONSORED BY SWAN BITCOIN – ► BITBLOCKBOOM – The great Bitcoin Conference in Dallas, Texas ► UNSTOPPABLE DOMAINS – Domains that double as crypto wallet addresses – MY WEBSITES ► ► ► MY CONTACT INFO ► Email me at GaryLeland@gmail.com ► Message me at ► Leave a voice comment at 817-476-0660…
Bitcoin Faces Massive Resistance: 1.2 Million Addresses Bought BTC at $9,600
As Bitcoin’s halving approaches, market participants appear to have mixed feelings about where the flagship cryptocurrency is headed next. Some of the most prominent analysts in the industry believe that BTC is poised to correct. But, there are others who expect a “face-melting” upswing. Regardless of the ambiguity that the pioneer cryptocurrency presents, on-chain metrics reveal key support and resistance levels that may help determine the direction of the trend. Bitcoin Is Rising Through Uncertainty Since the market meltdown in mid-March, Bitcoin has gone up nearly 140%. The bellwether cryptocurrency…
Mining Boom Season 1 – All Episodes 1-10 (Includes NEW episode!)
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Bitcoin Sentiment to Rise Despite Halving Impact
With Bitcoin’s (BTC) fourth halving just four days away, members of the global crypto community are eager to see how the event pans out monetarily for the flagship crypto asset. Historically speaking, the halving has almost always had a positive impact on Bitcoin’s price, but this time around, many experts believe that any potential value surges may have already been priced in. It bears mentioning that the halving will most likely have the biggest impact on miners, as the reduced reward ratio following the event will rapidly alter their profit…