On May 11th, block reward in the Bitcoin network was decreased from 12.5 to 6.25 BTC heralding the 3rd halving in the first crypto’s history. Block #630000, the first to bring a decreased reward, was mined by the AntPool mining pool. Crypto-industry stakeholders from around the world shared their opinions about the consequences of the […]
The market crash of the 12th–13th of March, was an unexpected and tough trial even for seasoned investors. The actual reasons behind the crash are still up for debate.
Bitcoin has long carried the informal title of digital gold. This title implies that Bitcoin was believed to share certain qualities with gold, namely being a protective asset during periods of market turmoil.
As the Bitcoin markets settle down, it’s still not clear how the price of the first crypto will develop, given the tough time entire nations’ economies are going through.
The Commitments of Traders report, issued weekly by the Commodity Futures Trading Commission, is an important tool in assessing the moods of large market players and getting a bigger picture of the financial markets in general. Given the turmoil in the markets, this gives the additional bits of information needed to better understand the nature […]
On Friday (UTC time zone), March 13, Bitcoin’s price at some point fell to $3,800, having lost more than 50% of its value overnight. Ethereum’s price dropped below $100 for the first time since December 2018.
Today, on March 12, the price of Bitcoin dropped below $6,000, at some point reaching $5,900 on the Bitstamp exchange.
A Chinese pyramid scheme called PlusToken has managed to gain notoriety as a significant factor influencing Bitcoin’s price. Just recently, a hefty bunch of 11,999 BTC from its wallet started moving, putting the watchful members of the community on high alert: an en masse sell-off of this much Bitcoin wouldn’t be a good thing for […]
In our recent piece we’ve talked about the COVID-19 epidemic shaking both crypto and traditional markets. The apparent recession got to the levels unseen in years, and in some cases—decades. It isn’t yet clear when the situation will get back to normal and what comes next.
The last few weeks have been tough for the world’s economy. The financial markets plunged over the news of coronavirus spreading outside China, the disruption of well-established logistics chains may lead to inflation, and the consumer good prices may skyrocket. Some of the sentiment seeped into the cryptocurrency market.
Is it too late to buy Bitcoin? This is perhaps the most frequently asked question every veteran member of the crypto community hears from people outside the industry. No matter if the price is on the rise or falling rapidly, people are still worried. Is it too late?
Halving is probably the most anticipated event of 2020 in the crypto-industry. It is a scheduled decrease in block reward from 12.5 to 6.25 BTC. Since the transaction fees comprise a small fraction of miners’ income, they will basically have half of the money cut out.