There are many halving predictions yet to come true — among them Satoshi claimant Craig Wright’s “long-term advance notice” from 2018 that he intended to crash the Bitcoin price. The warning emerged from a Slack group that Wright uses to communicate with his acolytes, and his dastardly scheme makes fascinating reading. Dismissed at the time Wright’s sell-off threat came just prior to the much-hyped fork of the Bitcoin Cash blockchain to create Bitcoin SV. Although there were some true believers who clearly relished the prospect of these events actually occurring, it was dismissed by many at the time as typical …

The long awaited Bitcoin halving came and went, bringing with it volatility that saw the price whipsaw 5% to 7% in each direction for the last three hours leading up to block 630,000. Earlier in the day, the top-ranked digital asset on CoinMarketCap managed a quick 8% rally from $8,475 to $9,168, but was quickly snuffed out once the price dropped below the support at $8,750. Crypto market daily price chart. Source: Coin360 On a more interesting note, as the 629,999 block was mined, f2pool inserted the message “NYTimes 09/Apr/2020 With $2.3T Injection, Fed’s Plan Far Exceeds 2008 Rescue.” The …

The most anticipated cryptocurrency event of 2020, Bitcoin’s (BTC) third halving, has just taken effect. Occurring only once every four years, the latest Bitcoin mining block reward halving just reduced the Bitcoin block reward from 12.5 BTC to 6.25 BTC. Bitcoin’s third halving event took place at 7:23 p.m. UTC on Monday, according to data from Tradeblock.com. Having overcome the halving, Bitcoin is trading at $8,500, with market dominance of 67% as of press time, according to Coin360. Bitcoin block reward path from 50 BTC to 0.00000001 BTC Since the first Bitcoin block was generated back in 2009, there have …

With the halving scheduled to happen in just under four hours, unprofitable miners have already begun shutting down their equipment, Alejandro De La Torre — the vice president of major mining pool Poolin — said in a Monday interview with Cointelegraph. Per his estimations, these miners account for “15–30%” of the entire Bitcoin (BTC) hash rate. “Mining farm personnel are shutting [their units] off as we speak since they will not want to do it after the halving — because then they're losing money,” De La Torre told Cointelegraph. The miners that are now fleeing will likely never come back …

Wherever you are in the world right now, as a Cointelegraph reader, you are almost certainly aware that Bitcoin’s third halving event is now less than 8 hours away. It is also highly possible that some level of lockdown, due to the ongoing threat of the coronavirus and COVID-19 pandemic, is seriously curtailing your plans to celebrate the most-anticipated crypto event of 2020. But never fear. Cointelegraph is here to get the party started, with a lockdown-friendly livestream event on our YouTube channel, featuring the biggest names in cryptocurrency today. Join Cointelegraph’s Bitcoin halving party from 10am ET The fun …

The price of Bitcoin (BTC) touched $10,000 last week but crashed more than $2,000 from Saturday to Sunday as the price hit $8,100. Is the halving hype over a la “buy the rumor, sell the news” for the top-ranked cryptocurrency? The halving is less than twelve hours away, so what can be expected from the markets with that event happening? Crypto market daily performance. Source: Coin360 The price of Bitcoin crashes to $7,900 after halving? Unfortunately, this seems the most likely cause. The halving is usually a classic example of the “sell the news” concept when investors buy into the …

In the last 3 hours Bitcoin (BTC) price gained 2.63% after dropping to $8,256 earlier in the day. With just less than 24-hours before the block reward halving is scheduled to take place, traders are likely biting their nails and anxious to see if the top ranked crypto-asset on CoinMarketCap will be able to reclaim $9,000. Crypto market weekly price chart. Source: Coin360 Today’s drop to $8,256 brought the Bitcoin price below the ascending channel trendline for the second time in 24-hours and traders again purchased into the dip, allowing the price to quickly rebound to $8,784. BTC USDT 1-hour …

Yesterday’s sudden crash saw the price of Bitcoin (BTC) fall 14% from roughly $9,450 to $8,101 in less than 15 minutes. This appears to have shaken out over-exuberant margin traders who longed near $10,000 on heavy margin. According to market data aggregator, Cryptometer, over $295 million worth liquidations occurred on BitMEX alone — 98% of which were long positions. By contrast, liquidated shorts totaled $5.7 million. $290M liquidated on BitMEX in 24 hours Roughly 93% of yesterday’s liquidations took place in BitMEX’s XBT/USD markets, with Ripple (XRP) liquidations representing 4.1% with $12.3 million, and Ethereum (ETH) margin calls comprising 2.2% …

Bitcoin’s third halving is less than a day away and the cryptocurrency community remains divided on whether the price will rise or drop after the event. Interestingly, on-chain data from previous halvings suggests that after the halving Bitcoin price may not see an immediate drop. Google Trends data shows that searches for the halving have already surpassed previous all-time highs, and the crypto community has been issuing a variety of price estimates for the post halving price. Some analysts have pointed to the Efficient Market Hypothesis to support their view that the halving is already priced in, meaning it’s a …

This is not the first time an event called halving has happened on the Bitcoin (BTC) network. The first halving took place in 2012; the second halving took place in 2016. Now, the third halving is expected, and like the previous ones, it will halve the reward for the calculated Bitcoin block. Originally, the reward for the calculated block was 50 BTC. Since then, the reward has been reduced to 25 and 12.5 BTC — and is about to be reduced to 6.75 BTC. The upcoming halving, however, differs from previous halvings in that much more people are involved in …

We have almost reached Bitcoin’s third halving where the network halves the block reward from 12.5 Bitcoin (BTC) to 6.25 BTC. This event has recently ignited strong market interest where Bitcoin broke through $10,000 on May 8, 2020, fully recovering from the Black Thursday crash. Meanwhile, the total cryptocurrency market cap has also passed $270 billion. At the time of writing, Bitcoin is currently hovering around $10,000. On-chain market activities have turned positive and have taken a u-turn after Black Thursday As of May 8, 2020, the Bitcoin network hash rate has reached an all-time high, and the difficulty level …

Binance has launched its own mining pool. This could spell bad news for miners, but probably not for the reason you’re thinking of. We’re all aware that Binance is continuing to extend its reach across the industry. The exchange’s purchase of CoinMarketCap for a reported $400 million signaled a bold step toward grabbing attention at the top of the crypto funnel, and its recent foray into mining just ahead of the 2020 halving shows that Binance is also interested in having influence at the source. By all accounts, the company culture at Binance appears to be one of innovation and …