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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
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...
Up to 30% of Bitcoin Miners Close Shop as Business Turns Unprofitable After Halving
12.5.2020
About a third of Bitcoin (BTC) mining firms may already be switching off their machines as the business becomes unprofitable due to a reduction in mining rewards. The third Bitcoin halving – consummated earlier today – reduced supply of the pioneering cryptocurrency, cutting the bonus...
Bitcoin’s Third Halving Complete: Reward Cut Surprisingly Faster Than Previous Time Estimates
11.5.2020
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...
Bitcoin Went Through its Third Halving, Next Target - 'Halvation'
11.5.2020
Bitcoin (BTC) just went through its third halving of the mining reward, which is jokingly referred to as 'Halvation' (halving + salvation) that should send the price of the most popular cryptocurrency to the moon or even further.
Today, on block 630,000, mined by AntPool, Bitcoin's rate of...
Bitcoin Transaction Costs Soar 400% Amid Halving Hyperbole
11.5.2020
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...
Michelle Phan and Ashton Kutcher Bet on Bitcoin Rewards + More News
11.5.2020
Michelle Phan. Source: A screenshot, Instagram/michellephan
Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
Investment news
Lolli, a bitcoin (BTC) rewards company, has today...
This is How Bitcoin Changed Since Its Second Halving in 2016
11.5.2020
The Bitcoin (BTC) mining reward is halving today, and the entire industry is focused on it to see what'll happen afterward. Though we may not know what the feature has in store for BTC, we know its past - and we know that in the four years since the second halving, many of the network metrics...
Jury Trial Scheduled for Billion Dollar Bitcoin Lawsuit Against Craig Wright
11.5.2020
Florida’s Southern District Court has been dealing with the Kleiman v. Wright case for well over two years and now the lawsuit is finally going to trial. A jury trial is set for July 6, 2020, in the Miami Division courthouse before Judge Beth Bloom. Meanwhile, Craig Wright,...
Bitcoin News Roundup for May 11, 2020
11.5.2020
Bitcoin's third halving, Consensus:Distributed and a pullback after the bulls make another run at $10,000. It's Markets Daily from CoinDesk
Paul Tudor Jones Confirms His Fund Allocated Hundreds of Millions in USD to Bitcoin
11.5.2020
Legendary hedge fund manager Paul Tudor Jones told CNBC today that "over 1% <...> maybe it's almost 2%" of his assets are in bitcoin (BTC).
"That seems like the right number right now," he said, adding that he believes that Wall Street could be witnessing the historic...
This is Why Third Bitcoin Halving is Different, According to CME
11.5.2020
Source: Adobe/Pixel-Shot
Although previous Bitcoin (BTC) halvings have all led to a rise in price both before and after the event occurred, this time may play out differently due to the emergence of a whole new derivatives market for bitcoin, one of the largest derivatives exchanges in the world...
Exchange Crypto with 0% Fees in Lumi Wallet
11.5.2020
Everybody’s sick of commissions. Lumi Wallet is renouncing them, introducing 0% Fees on all in-wallet operations. All you need to get rid of hidden fees is the Lumi Wallet app and the promocode – BTCNEWS. Why is Lumi doing this? Decentralized finance has undeniable advantages over fiat...
Bitcoin And Altcoins At Risk of More Losses
11.5.2020
This past week, we saw a strong bearish reaction in bitcoin price from the USD 10,000 resistance. BTC/USD broke the USD 9,500 and USD 9,000 support levels to move into a bearish zone. The price is currently consolidating above USD 8,500 and remains at a risk of more downsides.
Similarly, most major...
Bank of England Predicts Worst Economic Crash in 300 Years for UK
10.5.2020
The Bank of England has predicted the worst economic crash since the Great Frost of 1709. Economists are less optimistic than the central bank about the rate of recovery for the UK economy. “Current conditions are unprecedented in our lifetime and all forecasters are struggling to make...
Quantitative Hardening: Dissecting the Third Bitcoin Halving, 3 Key Data Points to Watch
10.5.2020
In a touch more than 24-hours time, the third bitcoin halving will take place on May 12, 2020, on or around 9:50 p.m. ET. Miners will see their revenues slashed in half from 12.5 coins to 6.25 BTC after the halving and speculators wonder what will happen after the event. Currently, according...
Bitcoin Dives, Erasing All Weekly Gains, Altcoins Bleed Too
10.5.2020
In a sudden move in early Sunday hours (UTC time), bitcoin (BTC) price crashed around 10%, leaving traders perplexed. In the top 10, all coins, except tezos (XTZ), are down in double-digits.
At pixel time (04:50 UTC), BTC trades at c. USD 8,534 and is down by 13% in a day, erasing all weekly gains...
Bitcoin Mining Markets Heat Up: Ebang’s $41M Deficit, Bitmain’s Alleged 2020 Revenue
10.5.2020
The Chinese ASIC mining rig manufacturer Bitmain reportedly pulled in $300 million in revenue during Q1 2020. Meanwhile, as Bitmain claims to be regaining market share, the firm Ebang recently applied with the U.S. Securities and Exchange Commission (SEC) for initial public offering (IPO) status....
Chinese Court Rules Bitcoin Is Asset Protected by Law
9.5.2020
A court in Shanghai, China, has reportedly ruled that bitcoin is an asset protected by Chinese law in a case that has dragged on for years. The case involves a theft of two different cryptocurrencies, one being bitcoin, from an American. The defendants argued that bitcoin was not recognized under...
Devon Brewer: Rediscovering the Golden Rule
9.5.2020
The Golden Rule may be the most basic moral approach to dealing with others. It seems universal across cultures and religions. The Golden Rule is instinctive. We all know it, even as children without education. I like the negative form of the Golden Rule the best. One of the earliest written...