In the final minutes before Bitcoin did its third halving, the last block was mined. The halving cut the block reward from 12.5 Bitcoins to 6.25 Bitcoins. The miner who extracted the last block of the cryptocurrency before the halving had a message to share to others who…
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Quadrennial Halving Fails To Bring Bitcoin Above 10k Mark
The day that many cryptocurrency traders and market analysts anticipated is finally here. On May 11, the most valuable digital currency in the world went through a scheduled event known as "the halving," which happens every four years until the set limit of Bitcoin tokens have been mined,…
Riot Blockchain Secures Massive Boost To Stock of Bitcoin Miners
As investors get ready for the upcoming halving of Bitcoin, the United States based mining firm Riot Blockchain announced that it doubled the amount of next-generation Bitcoin miners. It has purchased 1,040 Antminer S19s this month. It made the purchase from Bitmain on May 6. The cost of the…
China Will Finally Start Allowing Cryptocurrency Usage In Some Places
After many years of harsh opposition to blockchain technology, the floodgates in China appear to have finally opened. In May it was announced that yet another Chinese province would begin moving toward the creation of a pilot program for cross-border payments using blockchain technology. Hainan Province appealed to China'…
Bitcoin Price Sees Increase, But So Does The Competition
On May 7, Bitcoin finally reached the $10,000 mark after breaking past a longtime dropping trend in its value. It had gotten to $9,400, then it had a surge. This break above $9,400 happened at an important time. There are only four days until the Bitcoin halving…
Despite The Economic Crisis, Bitcoin Traders Have Reasons To Be Optimistic
Bitcoin traders have two reasons to be happy in the second week of May. First of all, the Bitcoin halving event has attracted interest in the token as miners rush to complete as many transaction as they can before their rewards are cut by 50%, so the blockchain network is…