Day: May 9, 2020

Catastrophic Disruption or Healthy Rebalancing? How The Halving Will Impact Miners

boss

With Bitcoin (BTC) block rewards expected to halve during the early hours of May 12, many analysts are starting to weigh in on what the event will mean for the crypto markets and mining community. Cointelegraph spoke to three analysts to get their unique takes on whether the halving is likely to comprise a “healthy rebalance”, or a catalyst for migrating hash power and rising fees.  Analysts discuss impacts of halving on miners Johnson Xu, the chief analyst at TokenInsight, predicts the halving will have a significant impact on miners.…

China’s Blockchain Love Affair Continues With New Financial Pilot

boss

Another Chinese province, Hainan, joins the blockchain ecosystem with the announcement of a cross-border financial services platform. News of the platform’s pilot was announced on May 8. According to the local newspaper, Hainan Daily, the central government approved the initiative, allowing banks to provide loans to companies that look to export their products abroad. The measure seeks to reduce the bureaucracy of customs procedures, in addition to reducing the number of loan applications through regular channels. The pilot program will select two banks to carry out business through the blockchain-powered…