Halving

Top 5 Cryptos Not Named Bitcoin This Week (Mar 29): XMR, BNB, HT, CRO, BSV

Source Node: https://cointelegraph.com/news/top-5-cryptos-other-than-bitcoin-this-week-mar-29-xmr-bnb-ht-cro-bsv
Time Stamp: April 5, 2020 12:24 PM - Modified On: May 21, 2021 - Published By:
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Consumer attitudes are changing towards banknotes and credit cards as reports suggest that the deadly coronavirus can spread by their use. The Bank of International Settlements (BIS) has, therefore, urged the central banks to consider developing central bank digital currencies (CBDCs). BIS believes that under the current circumstance, CBDCs will quickly gain prominence. However, it has warned that this move could have a “severe impact on unbanked and older consumers.”  Chamath Palihapitiya, the billionaire CEO of venture capital firm Social Capital, believes that the setting is right for Bitcoin (BTC) to

April Fools, Celebrity Scams, & Manipulated Markets: Bad Crypto News of the Week

Source Node: https://cointelegraph.com/news/april-fools-celebrity-scams-manipulated-markets-bad-crypto-news-of-the-week
Time Stamp: April 4, 2020 3:56 PM - Modified On: May 21, 2021 - Published By:
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Bitcoin seems to be settling happily above $6,000 and is currently just north of $6,500 again. Let’s hope we’ve seen the last of those $5,000 movements and we’re ready for a steady climb back to double figures before the halving in mid-May. It’s getting closer.In the meantime, the Federal Reserve now appears to have merged into the federal government. An opinion piece in Bloomberg has described how an alphabet soup of financial programs intended to help the economy through the current crisis is allowing the government to buy up securities

Bitcoin Stays Below $7K as Tone Vays Predicts Price Breakout in April

Source Node: https://cointelegraph.com/news/bitcoin-stays-below-7k-as-tone-vays-predicts-price-breakout-in-april
Time Stamp: April 4, 2020 5:31 AM - Modified On: May 21, 2021 - Published By:
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Bitcoin (BTC) began the day down 2% on April 4, but one trader remained confident in a bullish scenario unfolding next week.Cryptocurrency market daily overview. Source: Coin360Vays: I’ll buy BTC at $6,400Data from Coin360 and Cointelegraph Markets showed BTC/USD failing to establish support at $7,000 as the weekend began. On Friday, the pair returned to the $6,000 zone, hitting daily lows of $6,630 before a slight rebound to press time levels nearer $6,800.Bitcoin 1-day price chart. Source: Coin360Despite encouraging signs from investors, price momentum remained decidedly weak for Bitcoin, with bullish

Bitcoin Posts Laudable Performance Over the Quarter 

Source Node: https://insidebitcoins.com/news/bitcoin-posts-laudable-performance-over-the-quarter/256530
Time Stamp: April 3, 2020 8:54 PM - Modified On: May 21, 2021 - Published By:
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The first quarter of 2020 was a bit of a mixed bag for cryptocurrencies. As expected, no other asset can demonstrate this better than Bitcoin. While the top digital asset led a market rally into the year and started 2020 gaining as much as 13 percent in its value, the coronavirus hit, and the market soon experienced a massive slump – with record drops witnessed on multiple fronts. Accounts Surged, but Transactions Stalled However, the market has corrected, and things appear to be on the uptrend once more. Bitcoin crossed the $7,200 mark

Coronavirus & Bitcoin Price: Is China Losing Its BTC Mining Monopoly?

Source Node: https://cointelegraph.com/news/coronavirus-bitcoin-price-is-china-losing-its-btc-mining-monopoly
Time Stamp: April 3, 2020 7:44 PM - Modified On: May 21, 2021 - Published By:
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This week the price of Bitcoin (BTC) surged more than 15%, reaching a high at $7,200 before pulling back into the $6,800 range. Despite the recovery, Bitcoin still has a way to go in order to reach the $8,000 level seen before the coronavirus-triggered selloff on March 12.Cryptocurrency market performance. Source: Coin360The drop had several consequences on the Bitcoin network. Having reached the $3,800 price range, the accentuated drop forced some Bitcoin miners to throw in the towel and shut down their operations due to mining becoming unprofitable.As miners have

Past Halvings in Review: Case for an Immediate Bitcoin Upsurge Is Flawed

Source Node: https://cointelegraph.com/news/past-halvings-in-review-case-for-an-immediate-bitcoin-upsurge-is-flawed
Time Stamp: April 3, 2020 2:15 PM - Modified On: May 21, 2021 - Published By:
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The block reward halving of Bitcoin (BTC) has long been touted as an optimistic factor to drive the short-term price trend of BTC in the first half of 2020. Historical data, however, shows that the halving does not necessarily coincide with an immediate upsurge in the price of Bitcoin.On the Bitcoin network, miners create blocks that record Bitcoin transactions to essentially verify and confirm payment data using computing power. Through large-scale mining centers filled with ASIC mining chips and sophisticated equipment, miners use a large amount of electricity and have

Bitcoin Surges by 10%, Gold and Stocks Also in the Green

Source Node: https://www.bitcoinmarketjournal.com/bitcoin-surges/
Time Stamp: April 2, 2020 4:58 PM - Modified On: August 29, 2021 - Published By:
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We’ve been seeing new hockey stick graphs every day lately and today is no exception. The weekly jobless data just came out from the U.S. and the numbers were even worse than any analysts had guessed. This chart shows the number of Americans who filed for unemployment for the first time last week. Notice that the number is almost exactly double the average analyst forecast (gold bar). In total for the last two weeks, that makes nearly 10 million people out of work due to the virus fears. That’s about

What to Expect When You’re Expecting… the Bitcoin Block Halving

Source Node: https://cointelegraph.com/news/what-to-expect-when-youre-expecting-the-bitcoin-block-halving
Time Stamp: April 2, 2020 4:39 PM - Modified On: August 29, 2021 - Published By:
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Many industry experts hold varied expectations for Bitcoin’s price following the block reward halving in May, proving 2020 is anything but mundane. “On both prior occasions, Bitcoin surged to a new all-time high within 12 months, with the latest coming in December 2017 when the price reached about $20,000, which was followed by a massive decline,” Bill Herrmann, CEO of alternative investment banking firm, Wilshire Phoenix, told Cointelegraph in an email on March 10. Herrmann also pointed out that Bitcoin’s market has matured compared to past years, noting that information available to

New Research Suggests Bitcoin’s Satoshi Nakamoto Also Created Monero (XMR)

Source Node: https://coinfomania.com/research-claims-bitcoin-nakamoto-created-monero/?utm_source=rss&utm_medium=rss&utm_campaign=research-claims-bitcoin-nakamoto-created-monero
Time Stamp: April 2, 2020 5:38 AM - Modified On: August 29, 2021 - Published By:
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New evidence suggests that the anonymous creator of Bitcoin, Satoshi Nakamoto, might have also created privacy-focused cryptocurrency, Monero (XMR). For one thing, Bitcoin (BTC) and Monero share quite a number of similarities including the anonymity of their founders. Nakamoto same as Nicolas van Saberhagen? Conducted by Monero Outreach, a workgroup of the decentralized Monero community that aims to drive greater Monero adoption and awareness, the research claimed that Nakamoto and the unknown author of the Monero whitepaper, Nicolas van Saberhagen, may have been the same person or group.  According to

CMT Digital Head Says BTC Trading Still Strong Despite Global Conditions

Source Node: https://cointelegraph.com/news/cmt-digital-head-says-btc-trading-still-strong-despite-global-conditions
Time Stamp: April 1, 2020 6:35 PM - Modified On: August 29, 2021 - Published By:
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Amid global coronavirus fears and plunging mainstream markets, Bitcoin (BTC) trading has remained largely unchanged, according to CMT Digital head of trading and business development, Brad Koeppen.“Bitcoin trading has not been that different,” Koeppen told Cointelegraph in a March 31 email. “Volatility and volumes saw an uptick as BTC sold off with the traditional markets but high volatility is nothing new in Bitcoin.”Koeppen also referenced the problems seen on exchanges around the time of Bitcoin’s massive drop between March 11 and 13, noting that this is “nothing new” in the