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JPMorgan Reportedly Accepts Coinbase and Gemini As Banking Clients

The American multinational investment bank, JPMorgan, has taken two popular cryptocurrency exchanges as banking customers. According to a recent report, the giant bank has approved Coinbase and Gemini in April, and transactions are starting to be processed now.Cryptocurrency Adoption From JPMorganPer a Wall Street Journal report from today, JPMorgan Chase & Co has started accepting clients from the cryptocurrency industry. The bank has approved the largest US-based exchange with over 30...

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Bitcoin Price Steady Hours After The Halving: The Calm Before The Storm?

Block 630,000 was mined yesterday, and with it, the third Bitcoin halving was successfully completed. From here on, miners will receive 6.25 BTC for adding new blocks to the network.The hours before the event were fairly turbulent for BTC’s price, but it seems that it has calmed down, at least for now.Bitcoin Price Steady Following The HalvingA bit more than 15 hours after Bitcoin’s halving took place at block 630,000, the price seems relatively stable. At the time of the event, BTC was...

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Bitcoin Halving Block Reveals Secret Message Concerning The 2020 Financial Crisis

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...

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The 2020 Bitcoin Halving Is Finally Here As Block Number 630,000 Mined

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...

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51% Attack And Higher Transaction Fees: What Are The Risks Post Bitcoin Halving 2020?

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...

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10 Blocks In 47 Minutes: Miners Are Accelerating, Bitcoin Halving Block Can Be Reached Quicker Than Expected

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...

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Bitcoin Price Analysis: Despite $1000 Recovery, Traders Must Be Aware of Extreme Volatility As The Halving Approaches

Bitcoin’s volatility is breaking records, as the primary cryptocurrency approaches its third halving in a few hours.After yesterday 20% plunge to $8K, Bitcoin had recovered more than halfway. As of writing these lines, Bitcoin is trading around the $9000 mark.As we stated here on yesterday’s BTC analysis, the violent plunge that took place on Sunday found strong support at the $8K price zone, which includes the 200 and the 100 days moving average lines, along with the ascending trend-line...

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Binance Insurance Fund Got Into Action Using $13 Million During Sunday’s 20% BTC Plunge

The insurance fund of Binance which protects its users from auto-deleverage liquidations on the Binance Futures platform used more than $13 million following the most recent crash in Bitcoin’s price. The exchange has stated that it intends to add $30 million more to the fund in order to keep protecting its traders.$13 Million To Protect Users In Recent Bitcoin Price CrashBinance Futures continues to establish itself as a leading platform for Bitcoin and cryptocurrency derivatives trading.Its...

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4 Years Of Developments: Bitcoin Fundamentals Significantly Different in 2020 Compared To The Halving Of 2016

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...

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Bitcoin Transaction Fees Increase With More Than 300% Days Before The Halving

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...

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