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 …

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, Fed's Plan Far Exceeds 2008 Rescuehttps://t.co/9dtTrC8YH6 — Jameson Lopp (@lopp) …

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 …

Bitcoin’s (BTC) price has been showing extreme levels of volatility as it consolidates under a key level of $10,000. The price dropped to as low as $8,100 on May 11, merely a day before the highly anticipated mining reward’s halving. Following the 20% drop, traders remain divided on where the Bitcoin price would go next, with some traders believing that BTC could immediately see an upsurge to the $14,000 to $15,000 resistance area. Historically, when Bitcoin’s price saw an extended rally, it went past key resistance levels with ease. For instance, it took BTC 28 days to increase from $8,000 …

Cointelegraph is holding a live event to honor the Bitcoin (BTC) halving, set to occur in just a few hours. As profits for miners will be cut in half in about 10 BTC blocks, the event represents a bittersweet moment for the industry. Cointelegraph organized a panel to learn more about how the halving will impact miners featuring Marco Streng, the CEO of Genesis Mining, Alina Yao, the head of OKEx Pool, and Josh Goodbody, the head of growth at Binance. No mining death spiral An unlikely — but theoretically possible — consequence of the halving event is the so-called …

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 …

With the Bitcoin (BTC) halving happening in less than four hours, there is strong evidence that investors are continuing to accumulate Bitcoin. Readers will recall that on March 12, a day now referred to as Black Thursday, the price of the top-ranked crypto asset on CoinMarketCap crashed more than 50%, registering its second biggest daily drop in history. While this was an incredibly painful 48 hours for over-leveraged traders, the resulting bargain-bin prices on Bitcoin and other cryptocurrencies presented a potential once-in-a-lifetime opportunity for long-term investors. Bitcoin’s impressive rise from $3,750 to $9,450 aside, just how much of an opportunity …

As the Bitcoin halving approaches, Cointelegraph is throwing a live Bitcoin halving party starting today at 10 a.m. EDT on our YouTube channel! Join us for live panels with our own globally distributed editors who will be speaking with some of the biggest names in the crypto space. We’ve got Tim Draper, Roger Ver, Tom Lee, Meltem Demirors, Emin Gun Sirer, Bobby Lee and many others joining the party. Check out the full event schedule below. Don’t forget to subscribe to the channel and hit the bell icon to get notifications for when we have new videos. 10 a.m. EDT …

Normally, little is unexpected concerning the regular, pre-programmed adjustment of the Bitcoin network’s mining reward size, otherwise known as halving. Baked into the digital currency’s original protocol, the anti-inflationary mechanism gets triggered once every 210,000 blocks mined — or roughly every four years — providing all the interested parties with ample notice and time to buckle up. Throughout Bitcoin’s (BTC) rather short history, halvings invariably foreshadowed massive rallies in crypto markets. The upcoming event, however, is unprecedented, as it will take place in the middle of a crisis that has affected just about every aspect of the global economy. How …

As Bitcoin (BTC) halving is set to occur in less than eight hours, the blockchain is currently registering a slowdown in activity. A mempool visualization website shows that the number of pending transactions currently sits at around 4,000 — about two blocks worth of transfers. While the blockchain is never fully cleared due to a continuous stream of new transactions, the demand appears to be low enough that the network is able to dispatch all incoming requests. This is not entirely unusual, as demand varies heavily between different times of day. The last time that the mempool was “empty” was …

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 …

While there is a seemingly endless stream of advice in the fashion press and on social media, covering how to dress for almost any occasion, there has thus far been one very conspicuous omission. How should the discerning Bitcoiner-about-town choose to attire themselves for a once-in-a four years halving event? Allow Cointelegraph to come to your assistance… Rekt-ified. Celebrating the halving from head to toe Let’s start by covering the extremities. No well-dressed halving head is complete without a hat. After all, even though it’s already May, let’s not rule out the possibility that a rogue breeze will arise to …