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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. Despite the rising fees, the research firm … Read more
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 Facility (SMCCF). Additionally, financial analysts from Wall Street on Parade have … Read more
By Dmitriy Gurkovskiy, author at RoboForex Blog On Tuesday, May 12th, the BTC rate remains volatile but investors are ready to buy. The cryptocurrency is generally trading at 9000.00 USD. As for the BTC dynamics on D1, during the last week, the quotations of the leading cryptocurrency reached the psychologically important level of 10000.00 USD and … Read more
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 the halving. On Sunday, … Read more
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 currencies: convertibility, diversification, speed, and security of transfer. … Read more
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 to Google Trends … Read more
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. However, the prospectus sent to SEC shows that while Ebang … Read more
Hedge fund manager and investor, Paul Tudor Jones, discussed his opinion in regard to the crypto asset bitcoin on Thursday, saying that it reminds him of the part gold played back in the ‘70s. Jones also disclosed that his fund Tudor BVI has a percentage of Bitcoin futures products as well, and he believes the … Read more
Coinshares on Thursday launched its trading business, Coinshares Capital Markets (CSCM), reporting that the unit traded over $3 billion worth of cryptocurrency in 2019 and $1.5 billion during the first quarter of 2020. The UK digital asset manager is basically rebranding Gabi Trading, a business that it is in the final stages of acquiring, according … Read more
Square’s Cash App reported Wednesday, that bitcoin (BTC) revenue during the first quarter of the year, soared 367% to $306 million from $65 million a year ago. Quarter-on-quarter, the figure is up 71%. The increase is thanks “to growth in the number of active bitcoin customers, as well as growth in customer demand as a … Read more
