The cryptocurrency community was thrown into a frenzy yesterday after an unusual 50 BTC transaction was carried out by a Satoshi-era wallet which was assumed to be dormant for over a decade. Initially, many believed that this transaction was from the elusive Satoshi Nakamoto, however, subsequent data proved otherwise. The data suggests that it was […]
According to new data from Bitinfocharts, the Bitcoin network has recorded a significant spike in average transaction fees following the recent halving. On the 14th of May, the average Bitcoin transaction fees spiked by more than 55% in a single day, recording an 11-month high of $5.1. Although it quickly dropped to about $3.5 two […]
Bitcoin is going through its very first global economic crisis and it is doing exceptionally well. The Coronavirus pandemic has forced governments and apex banks around the world to take extreme measures in cushioning the effects of the prevailing crisis on the global economy. It is recorded that over $8 trillion has been spent in […]
As the post-halving tension eases, there appears to be a lot of changes in the Bitcoin mining dynamics which has subsequently affected the rest of the industry. Talks about a previously unknown China-based mining pool dominating the mining sector have been making rounds lately. Lubian has popped up—seemingly out of nowhere—and is now ranked as […]
Over the weekend, famous author, Robert Kyosaki, made a tweet that was hard to miss. The financial educator—best known for his book “Rich Dad Poor Dad”— is an ardent Bitcoin supporter and has been promoting the cryptocurrency for a while now. Kyosaki tweeted yesterday that with the global economy in crisis, he’s becoming especially bullish […]
Bitcoin remains in the struggle to completely break above the $10,000 mark. The cryptocurrency reached the 5-digit mark for the second time this week yesterday but failed to break it. However, analysts are becoming increasingly optimistic that the $10,000 mark will soon become history for Bitcoin. According to the trader who correctly predicted the $3,200 […]
In its latest report, Delphi Digital— a premier digital asset research specialist—explains that the efforts being made by central banks across the globe to keep their economies afloat in this ongoing global crisis will be most beneficial for Bitcoin. The research hub stated that monetary and fiscal relief being injected into the global economy has […]
The price of Bitcoin is still trying to find its footing in the upper-$8,500 level as bulls and bears are locked in a stand-off. BTC has been juggling between $8,500 – $9,000 for the past 48 hours. Fundamentally, market participants are on edge to see how the recent halving event would impact the price of […]
The long-awaited Bitcoin Halving finally took place yesterday. However, the cryptocurrency giant did not exhibit substantial volatility as was expected. Also, Bitcoin’s hash rate has decreased just slightly several hours after the halving. A long-term bullishness in BTC price is sure to occur courtesy of the halving, however, its short-term price impact remains unclear at […]
