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Bitcoin Cash Upgrade Complete: 3 New Features Added to Consensus Rules
15.5.2020
Today, at precisely 9 a.m. ET on May 15, 2020, the Bitcoin Cash network completed another upgrade adding a few new features to the blockchain. The latest upgrade comes with new opcode support, a chain limit extension, and the improved counting of signature operations using the...
Visa Files Patent for Cryptocurrency System to Replace Cash
15.5.2020
Visa International has filed for a cryptocurrency system patent that is meant to replace physical currency. The system, which utilizes both central banks and commercial banks, leverages a private blockchain to improve the payment ecosystem. Visa’s Cryptocurrency Patent Filing The United...
Bitwala Launches Bitcoin Interest Account With up to 4.3% Annual Rate
15.5.2020
Neobanking service provider Bitwala on Thursday introduced a new account that offers its 80,000 European customers passive bitcoin (BTC) income. The Bitwala Interest Account allows users to earn up to 4.3% interest per annum for BTC held at the bank. According to the Berlin-based company, account...
Bitcoin Network Sees a Massive Mining Pool Shift Following the Halving
14.5.2020
Following the third bitcoin halving on May 11, 2020, there’s been a big shift in mining pool distribution, as far as hashrate is concerned. At the time of publication, there’s around 100-115 exahash per second (EH/s) in search of bitcoin blocks and spectators have seen two relatively...
Digifinex Live AMA Hosts Bitcoin.com Chairman – Roger Ver Talks Stimulus, Useful Cryptocurrencies, Coronavirus
14.5.2020
On May 14, Bitcoin.com Executive Chairman Roger Ver sat down with Digifinex cofounder, Kiana Shek, for an ask-me-anything (AMA) session about the cryptocurrency ecosystem. Ver explained what he thinks about the central banks printing unlimited money, the government-induced lockdowns, and...
Bitcoin Miners Revenue Plunge 48% as Halving Impact Kicks In
14.5.2020
Revenue for Bitcoin (BTC) miners plunged 48% a day following the third halving, as the full impact of the periodic supply cut event began to take effect. According to data from crypto company Blockchain, the total value of block subsidies and transaction fees paid to miners crashed to $8.95 million...
More Than $220M in Bitcoin Withdrawn from Crypto Exchanges Since the Halving
14.5.2020
In mid-April, news.Bitcoin.com reported on a great number of BTC withdrawn from cryptocurrency trading platforms and after the third BTC halving, the trend has picked up once again. Data from Glassnode’s Bitcoin Exchange Net-Flow statistics show that close to 24,000 BTC has been withdrawn...
New $3 Trillion Coronavirus Relief Bill: Second Stimulus Checks Could Be Coming to Americans
13.5.2020
Americans could be getting their second stimulus checks as a new coronavirus relief bill has been introduced. It includes more direct payments of up to $6,000 per household. The new bill is expected to cost more than $3 trillion, making it the biggest emergency relief package in U.S. history....
17,000 Quadrigacx Users Seek $307M from the Failed Canadian Crypto Exchange
13.5.2020
About 17,000 people have filed claims for refunds from the collapsed Canadian digital asset exchange Quadrigacx. Altogether, the claims, denominated in both cryptocurrency and fiat, amount to nearly $307 million. According to a document released Tuesday by Ernst & Young, the court-appointed...
2 Days After the Bitcoin Halving: Network ‘Remains Strong,’ Higher Fees, Bullish Sentiment
13.5.2020
On May 11, 2020, the Bitcoin network completed it’s third block reward halving and the network seems to be chugging along just fine. However, it may take a while longer to see the halving’s effect on the mining industry and right now bitcoin transaction fees have risen exponentially....
Telegram Drops TON Cryptocurrency Project After US Prohibits Global Distribution
13.5.2020
Popular messaging app Telegram has shut down its TON cryptocurrency project. Telegram founder Pavel Durov explains that a US court has stopped his TON project and prevented the gram cryptocurrency from being distributed to investors, not just in the US but globally. Telegram Discontinues...
$2 Billion Cryptocurrency Hedge Fund Industry Set to ‘Grow Significantly’
13.5.2020
Cryptocurrency hedge funds’ assets under management have been increasing significantly, rising to more than $2 billion at the end of last year, according to a recent survey. The crypto hedge fund industry is expected to “grow significantly” along with the price of bitcoin. Hedge...
Canadian Firm Hut 8 Reports Bitcoin Mined in Q1 Declined 54% Due to Price Volatility
13.5.2020
On Monday, Hut 8 Mining reported that first-quarter revenue rose 5% to $9 million from $8.59 million a year ago after the amount of bitcoin (BTC) extracted plunged sharply. Quarter-on-quarter, revenue fell 14%. For the three months to March 31, 2020, the Canadian bitcoin firm said it mined 1,116...
Halving Sell-Off Temporary, BTC to Hit $20,000 by Year End, Says Billionaire Investor Novogratz
13.5.2020
Bitcoin (BTC) may not have pumped at the scale expected by many halving optimists, but Wall Street billionaire Michael Novogratz insists that the price will hit $20,000 by year-end. The Galaxy Digital founder and chief executive officer on Monday told CNBC that bitcoin’s surge was inevitable...
Buying Corporate Bonds and ETFs: US Federal Reserve Continues to Bailout ‘Too Big to Fail’
12.5.2020
The U.S. Federal Reserve has continued its schemes of monetary easing and funding a number of private banks during the Covid-19 outbreak. On Monday evening, the Fed revealed it would be buying corporate bonds and exchange-traded funds using the entity’s Secondary Market Corporate Credit...
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)....
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...
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 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...