Tag Archives: Bitcoin-Halving

The Bitcoin halving just took place, and the final block revealed a secret message which harkens back to Bitcoin’s genesis block. The last block mined before Bitcoin’s block reward was cut in half contained the following message in its coinbase:“NYTimes 09/Apr/2020 With $2.3T Injection, Fed’s Plan Far Exceeds 2008 Rescue.”The message is a direct reference to the message included by anonymous Bitcoin creator Satoshi Nakamoto in the first block ever mined, the Genesis block:Satoshi’s first...

The most anticipated event in the cryptocurrency community has finally occurred as the Bitcoin network just produced block number 630,000.The Bitcoin halving will reduce the daily supply, the inflation rate, and the block rewards for miners. It has also raised serious discussions around the price of BTC.2020 Halving CompletedAfter months of increased discussions and speculation, the third-ever Bitcoin halving just took place at block number 630,000.Naturally, it brings a significant amount of...

Well, well… Did anybody see this coming? After spending the last few weeks in extremely bullish territory, the world’s number one cryptocurrency by market cap – bitcoin – has decided to shed more than $1,000 in a single night.Why Did Bitcoin Crash?This is the exact opposite of last week when the currency decided to gain that much within a 24-hour span. The currency shocked the entire market and decided to spike from the high $8,000 range to the high $9,000 range, adding close to $1,000 to its...

The real buzz in the cryptocurrency industry right now is about the long-awaited Bitcoin third halving, which is only a few hours away. Expectedly, results in Google Trend show an increasing interest in the topic.Bitcoin 2020 Halving In HoursEveryone, including critics, is alert as the Bitcoin miners move closer to block 630,000, where the mining reward is scheduled to half from 12.5 BTC to 6.25 BTC. At the time of this writing, the current block is 629967, meaning there are less than 35...

The median confirmation time for transactions with miner fees to be included in a mined block and added to Bitcoin’s ledger has decreased substantially on the day that the halving is estimated to take place. If the rate continues as it is, the event will take place a few hours sooner than expected.10 Blocks Mined in 47 MinutesAccording to information from Blockchain.com, the average time for the network to generate new blocks has decreased substantially.Blocks 629952 through 629961 were mined...

New data comparing Bitcoin’s fundamentals now and around the second halving in 2016 demonstrates the immense growth of the network.Double, triple, and even quadruple-digit increases are evident in almost all areas, including the number of BTC addresses, the hashrate, and the daily transaction volume.2016 Vs. 2020 Bitcoin AddressesWhile most members of the community are focused on the volatile price movements around the halvings, new information compiled by GlassNode takes a thorough look at...

Bitcoin’s halving is estimated to take place in less than a day, and transaction fees are surging. This is indicative of users willing to pay a premium for their transactions to be prioritized and also of the increased number of unconfirmed transactions.Bitcoin Transaction Fees Above $3Transaction fees on Bitcoin’s network have been increasing in the past few days as the halving is estimated to take place in less than 24 hours.According to data from Bitinfocharts, on Friday, May 8th, the...

With only two days left to the third halving, severe levels of volatility reached the cryptocurrency market, and Bitcoin plunged by 20% in a matter of hours.Similar price developments transpired back in July 2016 when, again, two days before the second halving, BTC dropped by 11%.History On Track In 2016 and 2020As CryptoPotato reported earlier today, the primary cryptocurrency, and most of the market, nosedived. After the recent impressive surge and touching the psychological level of...

Seit Anfang April kannte der Bitcoin-Preis nur eine Richtung: Nach oben. Gestern Nacht um 2 Uhr kam dann die Korrektur: Der Bitcoin-Preis fiel um satte 15% innert nur 15 Minuten; eine sehr merkwürdige Sache. Bis zum jetzigen Zeitpunkt kann niemand genau erklären, was diesen Kurssturz ausgelöst hat. In der Bitcoin-Welt gibt es eine ganz einfache Regel: Die Kurse fallen, wenn mehr Leute verkaufen als kaufen. Und das war definitiv der Fall gestern Nacht. Interessanterweise...

Bitcoin crashed 10% in 30 minutes, and almost 20% over the past hours, plunging below $8000 on some exchanges. Just two days before the anticipated Bitcoin halving event and no more than 48 hours after touching the $10K mark, a classic “sell the news” dump had initiated.As of writing these lines, the price of Bitcoin corrected a bit and currently trading around $8500, which is a 12% drop over the past 24 hours. While Bitcoin’s current daily low on Bitstamp was $8117, Binance Futures platform...