Final Block Mined Before Halving Contained Reminder of BTC’s Origins

Just before Bitcoin experienced its third halving, which cut the block reward from 12.5 BTC to 6.25 BTC, the miner who extracted the cryptocurrency’s final block had a special message for all HODLers. F2pool, the miner responsible for the extraction of block 629,999, printed a New York Times headline into the Bitcoin (BTC) blockchain just prior to the halving on May 11.  The final Bitcoin block with a subsidy of 12.5 BTC was mined by @f2pool_official and contained the following message in its coinbase transaction: 🐟NYTimes 09/Apr/2020 With $2.3T Injection,…

Here’s Why Exchanges Haven’t Integrated Bitcoin’s Lightning Network

The Lightning Network has been live for a few years now, but Bitcoin exchanges still haven’t joined the party — at least for the most part. Bitfinex is the most notable exception to the rule, as they added Lightning Network in December of last year. During her appearance at the Kraken Block Drop VR Halving Party on Sunday, Lightning Labs CEO Elizabeth Stark shed some light on why the vast majority of exchanges haven’t implemented this method of paying faster, cheaper Bitcoin transfers. “When Bitfinex launched [Lightning support] in December…

Don’t Be Surprised to See Bitcoin Rapidly “Pump” Towards $10,000: Analyst

Just three hours ago, Bitcoin’s latest block reward halving finally came to pass. Aside from some short-term volatility — rallies and crashes of a few percentage points here and there — the cryptocurrency barely budged off the news from a macro perspective. Case in point: the cryptocurrency now trades at $8,600 as of the time of this article’s writing, about where it was just 24 hours ago. Yet analysts are starting to become convinced that a return to the highs is possible in the coming days. One top trader, in…

Crypto Hedge Funds Doubled Assets Under Management in 2019, PwC Report Says

The “2020 Crypto Hedge Fund Report,” published on May 11 by PwC and Elwood Asset Management Services Ltd., said that cryptocurrency hedge funds’ assets under management doubled in 2019.  According to the survey, total assets under management in crypto funds grew from $1 billion in 2018 to more than $2 billion by the end of 2019. The average per fund also doubled, jumping from $21.9 million to $44 million.  Correlation with Bitcoin market The study found that crypto fund launches are highly correlated with the price of Bitcoin. When bitcoin price…

YouTube Cancels Cointelegraph’s BTC Halving Livestream for Being ‘Harmful Content’

YouTube’s censorship rabbit hole is deep, especially as it pertains to cryptocurrency topics. Cointelegraph had a full day of programming lined up for a livestream that covered Bitcoin’s third block halving on May 11. The agenda mostly went off without a hitch — fintech luminaries like Tim Draper, Roger Ver, Meltem Demirors, and many more shared their time and opinions with Cointelegraph editorial staff over the course of a livestream that lasted just under seven hours. But the stream was blocked and deleted six hours and 42 minutes into a…

Why Analysts Expect Upside After Bitcoin Surged to $8,750 Following Halving

After falling as low as $8,100 just an hour or two out from the halving, Bitcoin has shot back towards the daily highs. In the 30 minutes since the block reward halving came to pass, the cryptocurrency surged from $8,400 to a high of $8,825 — a bout of growth that amounts to 5%. Bitcoin price chart from TradingView.com With the halving having come to pass, analysts are divided over what comes next for the cryptocurrency market. Bitcoin Volatility Is Likely to Ensue The most common sentiment is that Bitcoin…

Bitcoin Dominance Exposes Altcoins To Bounce or Die Scenario

Over the last month, Bitcoin dominance has grown by nearly 3%. The climb has largely been driven by the asset’s block reward halving set for less than 24 hours from now. The latest move in BTC dominance has left altcoins on the ropes, and exposing them to a bounce or die scenario. The apex of a multi-year triangle is nearing a resolution, and which way it breaks will determine the future of the alternative crypto assets. Is this the asset’s make it or break it moment? Bitcoin Dominance Forms Multi-Year…

Ashton Kutcher Participates in Lolli’s $3M Seed Round

Bitcoin (BTC) rewards company Lolli announced on Monday the close of an oversubscribed $3 million seed-II funding round led by Pathfinder and investors such as Michelle Phan, Ashton Kutcher and Guy Oseary. According to the announcement, the funding will help launch the company’s mobile application and expand it internationally, with a tentative launch date for the summer. Lolli assures that the app will allow greater accessibility to Bitcoin, allowing users to earn from merchants on both web and mobile. Making Bitcoin “more accessible” through rewards Speaking with Cointelegraph, Alex Adelman,…

Bitcoin Just Experienced Third Halving in Its History

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 3:23 PM EST on May 11, 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…

Main Barrier to CBDC Is Philosophy, Not Tech, Says European Central Bank Rep

A number of countries like China and Sweden are already experimenting with central bank digital currencies (CBDC). The implementation of this new type of money requires a number of aspects including tech advancement and specific regulation. According to a key official at the European Central Bank (ECB), the main challenge of CBDC is rather philosophical than technological. Yves Mersch, executive board member at the ECB, has again discussed CBDC issues at an AMA session hosted by Consensus: Distributed on May 11. At the session, the ECB executive reiterated that the…