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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...
$200M Worth of BTC Removed From Exchanges Post-Halving
13.5.2020
Bitcoin community removes $200M worth of BTC from exchanges the first day after the halving
Popular BTC Derivatives Product Goes Live on DeFi’s dYdX
13.5.2020
Andreessen Horowitz-backed dYdX released its Bitcoin Perpetual Contract out of private alpha on Wednesday, bringing a key BTC derivatives product to DeFi
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....
Bitcoin Returns Above USD 9,000, Altcoins Drop Against BTC
13.5.2020
It took a few days for bitcoin (BTC) price to return above the USD 9,000 level after crashing on the eve of the third mining reward halving.
At pixel time (13:30 UTC), BTC trades at c. USD 9,094 and is up by 4% in a day, almost erasing all its weekly losses. The price is up by 35% in a month...
$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...
Key Bitcoin Price Metric Shows Drop in Investor Fear After BTC Halving
12.5.2020
Bitcon’s implied volatility dropped sharply after the halving but what does this mean for BTC investors?
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...
New Cryptic Chinese Operation Instantly Becomes Sixth-Largest BTC Mining Pool
12.5.2020
A new Chinese mining pool swiftly takes 5% of the Bitcoin mining pie, while its origins remain unknown
[aktualita] SatoshiLabs využili BTC halving k velkému oznámení, chtějí vyrábět secure element čipy
12.5.2020
Pražská společnost SatoshiLabs, která světu v minulosti představila koncept hardwarové peněženky pro kryptoměny a dodnes si drží pozici tržní dvojky na tomto trhu, oznámila spuštění nového projektu, chce vyrábět SE (secure element) čipy jako open source. Secure Element (SE) je mikroprocesorový...
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
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...
YouTube Cancels Cointelegraph's BTC Halving Livestream for Being 'Harmful Content'
11.5.2020
What a twist! YouTube pulled the plug on our seven-hour livestream
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...
Top Crypto Traders Predict Bitcoin Price Direction After BTC Halving
11.5.2020
Bitcoin’s price saw wild volatility leading up to the halving. Top crypto traders discuss where the price is likely headed to next
Unprofitable Miners Already Leaving Bitcoin Network Ahead of BTC Halving
11.5.2020
The halving is just a few hours away — and many miners are already shutting their soon-to-be unprofitable rigs, says Poolin VP Alejandro De La Torre