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Bitcoin News Roundup for May 12, 2020
12.5.2020
With the third Bitcoin halving in the rear view mirror, Markets Daily is back with your bitcoin news roundup for look at price movements, problematic privacy and more
Bitcoin Cash Upgrade 3 Days Away – New Opcode Support, Chain Limit Extension, Sigchecks
12.5.2020
On May 15, the Bitcoin Cash (BCH) blockchain will be upgraded and there will be at least three new features added to the longest chain. The upgrade in three days is being discussed fervently by the community, because it follows the recent and controversial Infrastructure Funding Proposal (IFP)....
Lots of Action but No Bull Rally: Here’s How the Bitcoin Halving Went Down
12.5.2020
Monday may have been uneventful for Bitcoin’s price, but it was a historic moment nonetheless
Bitcoin Eyes $9K as Billionaire VC Sees Dollar ‘Deflationary Spiral’
12.5.2020
Smoother conditions follow Bitcoin’s third block subsidy halving on Monday, but anticipation is building as fiat continues to wane
Honesty and Education Will Help Bitcoin Build Trust – Survey
12.5.2020
Source: Adobe/Pixel-Shot
Education and honesty could help cryptocurrencies, such as Bitcoin (BTC), achieve mainstream acceptance, per a new report.
These were the findings of the 2020 Edelman Trust Barometer, a survey that garnered data from 34,000 people in 26 regions, with 1,150 respondents...
Demand for Non-Sovereign Safe Havens - Bitcoin & Gold - Expected to Rise
12.5.2020
The demand for non-sovereign "safe haven" assets, such as bitcoin (BTC) and gold, to rise considerably as the risk of broad-based currency debasement increases, according to US-based crypto research boutique Delphi Digital.
Gold demand in the past 12-18 months has already been on the rise...
JPMorgan Chase Starts Accepting Bitcoin Businesses for Banking Services
12.5.2020
JPMorgan Chase has reportedly started providing banking services to bitcoin businesses, with the first two clients being Coinbase and Gemini exchanges. JPMorgan also recently recommended having cryptocurrency in investment portfolios as its CEO, Jamie Dimon, changed his mind about bitcoin. JPMorgan...
New User Registrations on Binance Approach All-Time High Amid Bitcoin Halving
12.5.2020
Binance’s CEO said that the number of new user registrations has reapproached the levels seen at the peak of the 2017/2018 parabolic bull run
First Mover: Dull Bitcoin Halving Salvaged By Satoshi Tribute in Block 629,999
12.5.2020
A coded-in message on the blockchain harked back the the genesis of the original cryptocurrency
Third Halving Turns Out to Be Non-Event for Bitcoin’s Price
12.5.2020
Bitcoin's price volatility has declined following the network's third mining reward halving event on Monday
4 Reasons the Bitcoin Halving Won't Trigger a Big ‘Miner Capitulation’
12.5.2020
Bitcoin miners are not likely to see capitulation and especially a “mining death spiral” after the 2020 halving due to four major reasons
First 100 Post-halving Bitcoin Blocks: Miners Readjusting, 51% Attack Gets Cheaper
12.5.2020
As the Bitcoin (BTC) network is adjusting after its third mining reward halving, first signs of the falling hashrate are starting to appear, while block time, which should, in theory, be around 10 minutes, dropped to 1 minute on multiple occasions as first 100 post-halving blocks are being mined....
Riot Blockchain’s Bitcoin Mining Revenues in Q1 Rise 70% Year-on-Year
12.5.2020
Biotech firm-turned-Bitcoin miner Riot Blockchain disclosed strong results for Q1 2020 in its latest quarterly report filed with the U.S. Securities and Exchange Commission
Bitcoin Advocates Cry Foul as US Fed Buying ETFs for the First Time
12.5.2020
Yet another unprecedented move from the U.S. central bank to shore up the fiat economy means that it is violating its own charter, critics warn
Post-halving Bitcoin Consolidates, Altcoins Facing Major Hurdles
12.5.2020
After a strong decline, bitcoin price started a decent recovery wave above USD 8,550 ahead of the mining reward halving. BTC/USD even recovered above the USD 8,850 level, but it failed to surpass USD 9,000. As a result, there was a fresh decline and the price is now (08:30 UTC) consolidating in...
Chainalysis Claims Mining Pools Holding More Bitcoin anticipating Bitcoin Price Surge Following The Halving
12.5.2020
New York based blockchain investigation software enterprise Chainalysis claimed on Monday that as per its analysis, mining pools are holding more Bitcoin for the last few months in anticipation of the price surge that is expected after the scheduled halving. In a Twitter thread, it claimed having...
Post-Halving Report: Brazil Could be New ‘Demand Source’ for Bitcoin
12.5.2020
When Brazil’s central bank lowered its interest rates to 3%, potentially driving out some investors, it may have opened the doors for BTC
Smaller Bitcoin Wallets on the Rise Since Second Halving
12.5.2020
The number of Bitcoin addresses with balances less than 1 BTC has increased by more than 100% since the second halving in July 2016
Twitter Remains Bullish on Bitcoin Price Despite Muted BTC Halving
12.5.2020
Bitcoin halved successfully and even though BTC failed to rally investor sentiment remains bullish
Final Block Mined Before Halving Contained Reminder of BTC’s Origins
12.5.2020
In the final block, Miner f2pool immortalized a NY Times article highlighting the similarities between the 2008 financial crisis and today