Though the applications and adoption rate have a long way to go if Bitcoin is going to achieve its maximum potential, the third-ever subsidy Halving was an opportunity for Bitcoiners to celebrate its more than 11 years of life. In addition to hosting technical demonstrations, discussions with leaders of Bitcoin’s premier Layer 2 protocol and […]
For only the third time in history, Bitcoin’s mining subsidy was cut in half this month. It was a moment that garnered attention from around the world, reminded us of the protocol’s programmable scarcity and inherent value proposition and gave some of the space’s technological and cultural principals reason to reflect on the past and […]
The Bitcoin mining subsidy halving is a once-every-210,000-blocks event during which attention from all over the world is pointed at the original cryptocurrency. Further Reading: What Is The Bitcoin Halving? During the third-ever Halving, Bitcoin Magazine presented the 21-hour BitcoinHalving.com live stream, featuring the space’s thought leaders and biggest personalities sharing their outlooks for this […]
After rallying from $8,800 to $9,300, the Bitcoin bull has lost strength over the past few hours, with BTC recently dipping below $9,000 for the first time in days. Some traders have said that this is a precursor to an even greater retracement for the cryptocurrency market. One analyst wrote that “bulls need to really […]
The Bitcoin halving was like New Year’s Eve with no time differences and everyone committed to a nonviolent revolution against financial tyranny.
The Lightning Network, Bitcoin’s second layer solution for faster and more efficient payments, was integral to the ecosystem’s third epoch — with a number of Lightning-focused projects iterating and expanding upon the technology to establish it as the most promising protocol built upon Bitcoin. Further Reading: What Is the Lightning Network? It became clear during Bitcoin […]
The Bitcoin network just fine-tuned a key parameter to coax back miners who quit after last week’s halving hammered their profits.
Bitcoin Magazine’s BitcoinHalving.com 21-hour live stream was a celebration of programmable scarcity during Bitcoin’s third-ever subsidy halving. It brought panel discussions, fireside chats, technical analysis, banter, memes, music and an unforgettable decentralized countdown to Bitcoin’s global community and beyond. Among the diverse pieces of content presented were firsthand demonstrations from some of Bitcoin’s most active […]
The halving could both increase the rate at which bitcoin’s price rises and bring forward the point at which it crashes, says our columnist.
It’s been a volatile past seven days for Bitcoin and the broader crypto market. Just a day before the halving on May 11, the cryptocurrency plunged by nearly 20% within the span of a day, falling from $9,700 to $8,100. Bitcoin has since recovered, rallying as high of $10,000 but since retracing to $9,450. With […]
Another week, another round of Crypto Tidbits. Bitcoin has seen quite the tumultuous week, The cryptocurrency started off the week with a bang, collapsing from ~$9,700, the weekly open price, to a low of $8,100, in a dramatic sell-off that liquidated over $200 million worth of long positions on BitMEX and hundreds of millions of more […]
$220 million in Bitcoin has left exchanges since the halving. Do users not trust exchanges or simply see it as a store of value? Almost 24,000 Bitcoin (BTC) have been withdrawn from exchanges since Bitcoin’s halving on May 11, according to Bitcoin Exchange Net-Flow data from on-chain market analysis platform Glassnode. The trend of Bitcoin […]
At block height 630,000, the Bitcoin network halved its miner rewards. Now, for every mined block, a successful pool will be rewarded 6.25 BTC plus subsidy or roughly $56,250 when each coin is changing hands at $9,000. AntPool, one of the leading Bitcoin mining pool, was successful in mining the block. As designed by the […]
Bitcoin’s historic halving event on Monday underscores that the“long-term future of cryptocurrencies is secure”, says the CEO and founder of one of the world’s largest independent financial advisory organizations. Q1 2020 hedge fund letters, conferences and more The comments from deVere Group’s Nigel Green come as theworld’s supply of Bitcoin was forever slashed on […]
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Bitcoin has officially seen its third-ever mining rewards halving event. This event – slated to occur every four years – reduces the block rewards by 50% in order to that the asset is deflationary. The short-term bullishness of this event is widely debated. Some analysts believe that the lower profitability seen amongst miners will lead […]
The halving is just a few hours away — and many miners are already shutting their soon-to-be unprofitable rigs, says Poolin VP Alejandro De La Torre. With the halving scheduled to happen in just under four hours, unprofitable miners have already begun shutting down their equipment, vice president at major mining pool Poolin Alejandro De […]
In approximately 10 hours after this article is published, Bitcoin will see its latest block reward halving. Image from Bitcoinblockhalf.com This is when there is a 50% decrease, or a halving, in the number of BTC minted each block. This upcoming 2020 halving will drop the block reward to 6.25 coins per block. One the […]
After Bitcoin posted a blow-off top at the end of 2017, altcoins surged across the board, gaining hundreds of percent over the course of months in an event since known as “altseason.” Since that time, when many traders made their fortunes, investors have been waiting for “the next altseason.” While some have argued that it […]
Binance undergoing its own ‘halving’ as the world prepares for Bitcoin’s block reward milestone in the next 3 days or so. As the world waits for the Bitcoin halving event expected at block number #630,000, Binance is playing its part to honor the milestone with US customers receiving a 50% discount on trading fees. To […]
Bitcoin [BTC] hash-rate is at an yearly high level around 120-125 Eh/s. The network witnessed the last difficulty adjustment before the halving as the difficulty moved up a meager 1%, now above the levels attained during February high. Bitcoin Hash-rate 7-Day Average (Source) The network as returned to the levels before the crash which caused […]
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Another week, another round of Crypto Tidbits.itcoin has been one of the best-performing assets in financial markets over the past week, managing to rally as high as $10,100 — a price around 25% higher than two weeks ago. Altcoins, interestingly, have underperformed the market leader, with Ethereum and XRP both flatlining over the past week. Crypto’s […]