Day: May 11, 2020

Market Wrap: Where Does Bitcoin Go After the Halving?

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Bitcoin’s long-anticipated halving event took place Monday afternoon New York time. Now what? At the time it took place (19:23 UTC or 3:30 p.m. ET), bitcoin was trading below its 10-day and 50-day moving averages, bearish technical indicators after a huge 10% drop in price on May 10 at 00:00 UTC. This was triggered by an outage striking San Francisco-based exchange Coinbase. At press time, bitcoin (BTC) was trading down less than a percent over 24 hours at $8,677.  Bitcoin trading on Coinbase since May 9Source: TradingView The bitcoin halving,…

Why Analysts Expect Upside After Bitcoin Surged to $8,750 Following Halving

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After falling as low as $8,100 just an hour or two out from the halving, Bitcoin has shot back towards the daily highs. In the 30 minutes since the block reward halving came to pass, the cryptocurrency surged from $8,400 to a high of $8,825 — a bout of growth that amounts to 5%. Bitcoin price chart from TradingView.com With the halving having come to pass, analysts are divided over what comes next for the cryptocurrency market. Bitcoin Volatility Is Likely to Ensue The most common sentiment is that Bitcoin…

Bitcoin Dominance Exposes Altcoins To Bounce or Die Scenario

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Over the last month, Bitcoin dominance has grown by nearly 3%. The climb has largely been driven by the asset’s block reward halving set for less than 24 hours from now. The latest move in BTC dominance has left altcoins on the ropes, and exposing them to a bounce or die scenario. The apex of a multi-year triangle is nearing a resolution, and which way it breaks will determine the future of the alternative crypto assets. Is this the asset’s make it or break it moment? Bitcoin Dominance Forms Multi-Year…

Ashton Kutcher Participates in Lolli’s $3M Seed Round

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Bitcoin rewards company Lolli has announced on May 11 the close of an oversubscribed $3 million seed II funding round led by Pathfinder and investors like Michelle Phan, Ashton Kutcher and Guy Oseary. According to the announcement, the funding will help launch the company’s mobile app and expand it internationally, with a tentative launch date for the summer. Lolli assures that the app will allow greater accessibility to Bitcoin (BTC), allowing users to earn from merchants on both web and mobile. Making Bitcoin “more accessible” through rewards Speaking with Cointelegraph,…

[#Blockchain Talks 🎙️] #S2EP04 : les enjeux de la blockchain dans le secteur du luxe

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Économie de services dans un monde de produits, valeur ajoutée par la traçabilité, développement du lien perpétuel marque-propriétaire, Pierre-Nicolas Hurstel, CEO et co-fondateur d’Arianee répond aux questions de Stéphanie Latombe, Associée Capital Markets, pour décrypter les enjeux de la blockchain dans le secteur du luxe. ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version

Bitcoin’s Third Halving Complete: Reward Cut Surprisingly Faster Than Previous Time Estimates

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The Bitcoin blockchain has experienced its third block reward halving on May 11, 2020, at approximately 3:21 p.m EST, even though quite a few countdown clocks estimated that the halving would occur on May 12. Bitcoin miners now get 6.25 BTC per block rather than the 12.5 BTC they acquired before the halving. On Sunday, news.Bitcoin.com reported on the bitcoin halving that was expected to happen on May 12, 2020, but due to the speed of the network, it happened to take place on May 11 instead. At the time…

Bitcoin Halving Arrives: Mining Rewards Drop for Third Time in History

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Bitcoin’s third halving, the network’s quadrennial landmark and the most anticipated event this year in the cryptocurrency industry, has finally happened. Miners racing on the network to compete for freshly minted bitcoin produced the 630,000th block at 19:23 UTC on May 11, which triggered the programmed halving event, marking another milestone in the currency’s 11-year history. The first block in the new 6.25-bitcoin-per-block mining cycle was mined and relayed by China-based Antpool, the fourth-largest mining pool by total computing power. Bitcoin, the world’s first and largest blockchain network by market…

Bitcoin Just Experienced Third Halving in Its History

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The most anticipated cryptocurrency event of 2020, Bitcoin’s (BTC) third halving, has just taken effect. Occurring only once every four years, the latest Bitcoin mining block reward halving just reduced the Bitcoin block reward from 12.5 BTC to 6.25 BTC. Bitcoin’s third halving event took place at 3:23 p.m. EST on Monday, according to data from Tradeblock.com. Having overcome the halving, Bitcoin is trading at $8,500, with market dominance of 67% as of press time, according to Coin360. Bitcoin block reward path from 50 BTC to 0.00000001 BTC Since the first Bitcoin…

Bitcoin Transaction Costs Soar 400% Amid Halving Hyperbole

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The average transaction cost for Bitcoin (BTC) soared 414% in the days before the halving, peaking at $3.19 on May 8, from as low as $0.62 on April 26. This is the highest price bitcoiners have paid for a transaction on the network in ten months, according to data from Bitinfocharts. Fees are paid each time a Bitcoin transaction is processed and confirmed by a miner, who pockets the fees, in addition to the block reward, as revenue. High fees typically indicate that demand for processing transactions is significantly higher…

Paul Tudor Jones’ Complete Case for Bitcoin

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The story behind the soundbite: Why one of the world’s most famous investors, Paul Tudor Jones II, is betting on bitcoin as a hedge against a new inflation era. The story behind the soundbite: Why one of the world’s most famous investors is betting on bitcoin as a hedge against a new inflation era. Last week, investing legend Paul Tudor Jones II rocked the world of crypto and traditional markets with his full-throated entrance into the bitcoin market via his latest letter to Tudor BVI investors.  While the headlines (and…