Anyone following crypto news has undoubtedly seen numerous articles that forecast Bitcoin’s (BTC) valuation following the upcoming halving slated to take place in May of this year. And although the price of Bitcoin is clearly important to the industry and investors at large, planning for the halving is particularly critical to cryptocurrency miners. Once the halving occurs, the unfortunate truth is that the profitability of all but the most efficient mining operations will be greatly challenged. To stay in the green, many will either be forced to upgrade their equipment or to shut down their mining operations altogether. However, careful …

The renowned Mike Novogratz, founder of digital assets merchant bank Galaxy Digital, has once again voiced his predictions on the price of Bitcoin (BTC) in light of the impending Bitcoin halving set for May 2020. According to Novogratz, the inceptive cryptocurrency will likely breach the $20,000 benchmark in 2020. The prediction comes a couple of months after Novogratz stated that BTC would reach $12,000, right before the latest rally. Will Novogratz, who is known for his daring forecasts — most of which are not far off the spot — be right this time? As the Bitcoin halving approaches, analysts have …

Riot Blockchain, a Nasdaq-listed crypto firm in the United States, plans to sell its exchange to focus on Bitcoin (BTC) mining ahead of the halving. According to an official announcement on Feb. 20, Riot has “opted to sunset further development of Riot's U.S.-based digital currency exchange” in order to focus on cryptocurrency mining as part of its updated strategic priorities for 2020. Following the announcement to shift its focus on Bitcoin mining, the company’s shares dropped more than 5%, trading at $1.40 at press time, according to CNBC data. Industry experts disagree on the potential price impact of May 2020 …

In this week's crypto market update, Spencer Bogart from Blockchain Capital and Jacob Canfield from Signal Profits debate whether Bitcoin will top it's all time high this year and if the halving is already priced in. Will all this talk of the halving finally convince host Giovanni Pigni to buy his first Bitcoin? Bogart explains the thinking behind Blockchain Capital's predictions that major exchanges will be forced to deslist privacy coins, and that most development will end up concentrated on just one to four major blockchains. "Most of the innovation will happen on the stack of those winning protocols," he …

Recently, Bitcoin (BTC) has been picking up momentum as the halving in May 2020 moves closer. However, large-cap Bitcoin forks namely, Bitcoin SV and Bitcoin Cash, will have their own halvings in April and the effects are already showing. This year, they gained 270% (BSV) and 132% (BCH) already, compared to Bitcoin’s 40%. Crypto market daily performance. Source: Coin360 Bitcoin SV breaks out of downtrend BSV USD 1-day chart. Source: TradingView The USD chart of Bitcoin SV is showing an impressive breakout from the downtrend, which made the coin surge from $100 to $450, an increase of 350%. Such a …

Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week SEC tells Telegram its crypto is worth less than donuts The United States Securities and Exchange Commission has gotten its claws out as it takes Telegram to task over its offering for Gram tokens. In a feisty memo to the Southern District Court of New York, the regulator rejected the messaging platform’s claims that its …

Publicly-listed mining company Argo Blockchain had a tenfold increase in revenue for 2019 over the previous year, ProactiveInvestors reports on Jan. 20. Its shares bounced as the company plans further expansion in the upcoming year. Argo Blockchain PLC is a company operating mining rigs for profit, as well as providing Mining-as-a-Service (MaaS) to institutional investors who are “looking to hold specific coins but do not want to procure via exchanges.” Based in London and listed on the London Stock Exchange (LSE), its mining capacity is reportedly based in Quebec, leveraging the region’s cheap hydroelectric power. In a trading update, the …

Bitcoin (BTC) can deliver 100% returns to investors in 2020 and may rise significantly in the five months until May’s block reward halving, a new report claims. In its forthcoming 2020 Crypto Outlook, market research firm Fundstrat Global Advisors said it believed that the halving was not yet “priced into” the Bitcoin price. Fundstrat expects over 100% BTC gains The report is currently only available to the firm’s clients, with key findings uploaded to Twitter by co-founder Tom Lee on Jan 10. “For 2020, we see several positive convergences that enhance the use case and also the economic model for …

Micree Ketuan Zhan, the co-founder of Bitmain who was recently dismissed by Bitmain’s current CEO Jihan Wu, has publicly opposed layoffs at the firm. As Bitmain — the world’s largest cryptocurrency mining firm — is reportedly planning to cut its workforce by 50% before the next Bitcoin (BTC) halving, Zhan claimed that he is “firmly opposed to layoffs” in a Jan. 6 Weibo post addressed to Bitmain employees. Zhan argues that Bitmain cannot lose its leadership in a highly competitive market Apart from claiming that Bitmain does not need to lay off its team, Zhan argued that such a move …

Cryptocurrency mining giant Bitmain reportedly has plans to reduce its workforce by another fifty percent. On Dec. 2, Chinese news media outlet Wushuo Blockchain reported that Bitcoin (BTC) mining rig maker Bitmain has launched a “personnel optimization plan” that will layoff a significant portion of its employees before the next BTC halving, which is expected in May. The world's largest producer of cryptocurrency mining machines will reportedly hold an annual meeting on January 17, and it is expected that the layoffs will have been completed before that date. People familiar with the matter assume that the reason for the layoffs …

Bitcoin (BTC) investors and mainstream consumers are paying more attention to the cryptocurrency’s block reward halving in May 2020. According to data from Google Trends on Dec. 17, worldwide searches for “Bitcoin halving” have significantly increased in the course of 2019, over a year before the halving occurs. BTC halving can provide bullish narrative Within the context of the past five years, interest is palpably higher, with only a brief period around the previous halving in 2016 seeing higher global search volumes. By contrast, results for “Bitcoin” have declined in recent months, echoing the lack of interest associated with the …

Bitcoin’s (BTC) 2020 block reward halving continues to generate mixed opinions regarding price performance, as one analyst suggests its impact will be next to nothing. In a tweet on Dec. 1, Jason Williams, co-founder at digital asset fund Morgan Creek Digital, said that unlike many others, he believed markets would not move as a result of the halving next May. Williams: BTC halving will be “non-event” “Bitcoin halving in May 2020 won’t do anything to the price. It will be a non-event,” he summarized. Bitcoin’s block reward halving will reduce the amount of BTC paid to miners for each block …