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In 18 days, the Bitcoin Cash (BCH) network will see its next halving as the block reward will decrease from 12.5 to 6.25 coins on or around April 8, 2020. BCH will be the first blockchain out of the top three SHA256 networks to halve as BSV will see a reward reduction two days after … Read more
The impact of the block reward halving on Bitcoin price is grossly overestimated, according to famous trader Peter Brandt Go to Source Powered by WPeMatico
What similarities exist in the market between 2012 and 2020, and how will the past help us to be ready for the future? Go to Source Powered by WPeMatico
A few blockchain surveillance companies like Cyphertrace have recently published reports on criminal activities tied to bitcoin usage and the studies mentioned the topic of “virgin bitcoins.” According to industry executives, freshly minted bitcoins with no transaction history can sell for a 10-20% premium compared to coins sold on the open market. Even though the … Read more
Spikes in search traffic for the term ‘Bitcoin halving’ appears not to correlate with increased queries for ‘buy Bitcoin’ Go to Source Powered by WPeMatico
In less than 70 days, the halving on the Bitcoin blockchain will divide miner rewards by two, to 6.25 BTC. While the historical price impact of a halving on the Bitcoin blockchain has seen strong increases in price over time, the community is still debating whether or not this 3rd reduction of miner rewards will … Read more
Chainalysis reports over $1 trillion was transacted in cryptocurrency in 2019 with only 1.1% of it being illicit Go to Source Powered by WPeMatico
A power plant in New York’s Finger Lakes region now mines about $50,000 of Bitcoin each day using the electricity it produces Go to Source Powered by WPeMatico
According to a report written by Coin Metrics analyst Jacob Franek, as of March 1, 2020, roughly 42% of all BTC has not moved onchain in more than two years. The metric is the largest number since June 2017 and the study notes that “HODL waves” have grown larger. Also Read: Get Ready for the … Read more
Bitcoin tends to drop before and after a block-reward halving in the short term. Will this time be different? Go to Source Powered by WPeMatico
