Black Thursday

Normally, little is unexpected concerning the regular, pre-programmed adjustment of the Bitcoin network’s mining reward size, otherwise known as halving. Baked into the digital currency’s original protocol, the anti-inflationary mechanism gets triggered once every 210,000 blocks mined — or roughly every four years — providing all the interested parties with…

Few expected the crypto market crash that transpired yesterday. At times, Bitcoin was so volatile that the services of leading cryptocurrency exchange Coinbase temporarily went down, their status page suggests. No group felt the volatility as much as traders, which are especially vulnerable drops due to their utilization of leverage.…

Ravaged by crippling hyperinflation, Iran’s Parliament has sanctioned the redenomination of its fiat — the rial — by replacing it with a new currency called the toman. According to the plan, each toman will be worth 10,000 rials.The redenomination plan effectively removes four place values (four zeros) from the Iranian…

With only 2 days left until the block reward halving Bitcoin (BTC) reached $10,000 for the second time in 24-hours. Data from Cointelegraph Markets and CoinMarketCap shows the largest digital asset by market capitalization is struggling to stay above the $10K handle.Crypto market weekly price chart. Source: Coin360A few hours…

May 8, 2020 at 19:12 UTCUpdated May 9, 2020 at 05:38 UTCAn address is said to be in the money if the current price of bitcoin is higher than the price at which the coin was purchased or sent to the address. (Credit: Pixabay)With bitcoin more than doubling in price…

With bitcoin more than doubling in price since “Black Thursday” nearly two months ago, nearly 85% — or 25.79 million — of addresses holding the cryptocurrency are now “in the money,” according to blockchain intelligence firm IntoTheBlock. However, the current state of the bitcoin market is warning of a post-halving price…

To soften the critical blow dealt by the coronavirus to the United States economy, the government issued stimulus checks on last month, and according to data, much of these stimulus checks made their way into Bitcoin and other crypto assets.The boost in economic activity and spare cash may be partly…

Bitcoin’s (BTC) mining hash rate is seeing major volatility ahead of the halving event, scheduled for May 12, as the mining sector is preparing for a major reshuffle. On May 3, the hash rate set a new all-time high, or ATH, of more than 142 exahashes per second, beating its…

Interest on the Chicago Merchantile Exchange – otherwise known as CME Group – in Bitcoin futures contracts, has reached a record high.However, each time this has happened in the past it’s marked a local top. Will this latest achievement in open interest on CME cause yet another price drop across…

Waiting for Godot is a critically-acclaimed play written in 1948 by Irish writer Samuel Beckett. In the play. the two main characters, Vladimir and Estragon, wait for the arrival of someone named Godot. While they wait, they are visited by a messenger boy that tells them the person they are…