Lately, a great deal of attention has been focused on the correlation between Bitcoin and the S&P 500, meaning crypto traders need to keep track of the fundamentals of the equity markets. Global markets continue to be negatively impacted by the coronavirus pandemic and according to a report from the International Monetary Fund, the resulting lockdown in several countries will lead to one of the worst contractions in 90 years. According to the IMF, “even if the spread of the virus peaks in the second quarter for most countries in the world, and recedes in the second half of this …

Famed investor Mike Novogratz believes that additional crypto adoption and more drastic central bank actions will benefit Bitcoin. The Galaxy Digital CEO said that hedge funds and high-net worth individuals have been buying Bitcoin (BTC). However, Novogratz expects the U.S. equity markets to go down, hence, he “got short Friday for the first time in a while -- both stocks and credit.” Several analysts have suggested that the current crisis is likely to be far worse than the previous financial crisis, which led to the birth of Bitcoin. Gemini co-founder Cameron Winklevoss said that the current coronavirus “pandemic will be …

A subsidiary of Japanese financial services giant SBI Holdings has seen its share of Bitcoin Satoshi’s Vision (BSV) mining pool share rise since the first halving on April 10. According to cryptocurrency information site CoinDance, cryptocurrency mining company SBI Crypto held about 4.4% of the total shares of BSV last week, but those numbers jumped to 15.28% on April 13. Source: Coindance The halving of BSV comes just a short time after BCH's halving event on April 8, and approximately one month prior to Bitcoin's halving, expected between May 11-13. SBI Holdings’ ties to Craig Wright Yoshitaka Kitao, Chief Executive …

Bitcoin and the crypto universe are going through one of the toughest periods as the world battles the coronavirus pandemic. The central banks and governments are trying to support the economy by announcing several easing measures. While this has improved sentiment in the short-term, it could reduce the value of fiat currencies in the long-term. In a recent interview, Bridgewater Associates co-chairman and co-CIO Ray Dalio said that he does “not think that cash is a safe investment." Barring the panic selling on March 12, Bitcoin has held up quite well in 2020. This shows that long-term investors are unruffled …

The number of Bitcoin whales holding at least 1,000 BTC has been rising for the past few months, according to a report by Glassnode. The report also highlights that the accumulation continued during the recent slump on March 12 and 13 when Bitcoin’s price dropped below $4,000 levels. This suggests that the whales are bullish on Bitcoin due to the upcoming halving event in May. Canadian asset manager 3iQ has launched “The Bitcoin Fund,” on the Toronto Stock Exchange (TSX), which is tied to Bitcoin. Tyler Winklevoss said that this was a historic moment as it was “the first public …

Bitcoin SV (BSV) has seen its first halving since its creation in late 2018, hours after Bitcoin Cash (BCH) also completed its 50% block reward reduction event. The cryptocurrency first came about as a result of disagreements between opposing factions within the BCH community, which led to a group backed by self-proclaimed Bitcoin (BTC) creator Craig Wright and billionaire Calvin Ayre forking the chain to form Bitcoin Satoshi’s Vision, or Bitcoin SV. As was the case with BCH, BSV also saw a reduction in hash rate as miners moved their computing power to the BTC chain, which is currently the …

The man who claims to have written the Bitcoin (BTC) whitepaper may not have written his own law degree dissertation. That’s the picture painted by “PaintedFrog,” the pseudonymous writer of a Medium post on April 9. This post demonstrates large-scale similarities between Wright’s dissertation and several other publicly available sources. Wright’s dissertation for his LLM in International Commercial Law for Northumbria University was written in 2008, titled The Impact of Internet Intermediary Liability. Yet the following screenshot suggests much of Wright’s paper was lifted wholesale from Hillary E. Pearson’s 1996 paper, Liability of Internet Service Providers. Left: Wright’s 2008 dissertation; …

Bitcoin Satoshi's Vision (BSV) just finished its first halving, roughly two years after forking from Bitcoin Cash (BCH) in 2018. BSV completed its halving at approximately 01:30 UTC. This event marks the reduction of the coin's block reward from 12.5 to 6.25 BSV. Bitcoin forks halve one month before their father chain BSV's halving comes just a short time after BCH's halving event on April 8, and approximately one month prior to Bitcoin's halving. Bitcoin SV sits at a price of $210.87 , down from $225 on the day. Since its halving, BCH has fallen from $278 to $256.21. BSV …

Bitcoin Cash (BCH) went through with its first block reward halving on Wednesday, with the coin price gaining 11.2% on the day. Those gains were exceeded by Bitcoin SV (BSV), which gained 19.4% in the same time period. Bitcoin SV is scheduled to carry out its own block reward halving by Friday, April 10th. Both Bitcoin forks were the only cryptocurrencies glowing green in the market cap top ten on Wednesday. However, those gains look to be short-lived, as the vaulted ‘halvening’ event threw up considerably less fireworks than expected. In the past twenty-four hours, the spot price of Bitcoin …

With the halvings for Bitcoin Cash (BCH) and Bitcoin SV (BSV) failing to drive a surge in demand, it appears that their block halvings may turn out to be non-events. Despite their halvings, BCH and BSV exhibited normal volume, and strong correlation with the crypto markets at large. Bitcoin forks fail to attract demand heading into halvings While at least six cryptocurrencies prepare to reduce their miner rewards in 2020, the market only appears interested in the forthcoming BTC halving. Within 48 hours of this writing, Bitcoin SV (BSV) will become the latest crypto asset to halve its block reward. …

Central banks around the world have pumped up their economies with huge stimulus measures. JPMorgan Chase’s chairman and CEO, Jamie Dimon, praised the United States for taking swift action to counter the current economic crisis. Despite the kind words, in a letter to JPMorgan shareholders, Dimon warned that the future “will include a bad recession combined with some kind of financial stress similar to the global financial crisis of 2008.” Ballet CEO and founder Bobby Lee expects Bitcoin to reach $10,000 by its block reward halving next month. Lee expects the governments to continue to print huge sums of money …

Bitcoin SV powered social media platform Twetch has launched a feature to streamline peer-to-peer (P2P) payments. Twetch is a Twitter-like social media platform where users must make micropayments in order to post and engage with content on the platform. Content creators are directly paid for their activity through a revenue sharing system based on likes and shares. The platform is currently in private beta. Command-line style payments feature Tweet has rolled out the ability for users to send BSV to each other by entering the command-line ‘/pay’, a user’s tag, and the dollar value of the transfer into the app. …