BTC

Dapps or decentralized applications are a part of the whole Smart Contracts ecosystem. When you think about it, the applications you use on your smartphone and computers are just generalized agreements between two parties: I agree to use a product produced by the developer who agrees to satisfy my desire and increase my utility. People realized that since blockchain is on a roll to decentralize everything, why not decentralize applications? And what better way to do that than using smart…

Bitcoin’s third block reward halving was completed on May 11 at the 630,000th block and the spot price incurred awesome bullish and bearish pressures as the F2pool miners took the last block reward of 12.5 BTC. Following the halving, Bitcoin Cash and Bitcoin SV networks recorded serious declines and this led to widespread speculation regarding a similar trend for Bitcoin. Nevertheless, it seems Bitcoin’s network is stronger than its forks. BCH and BSV networks recorded a great decline in hash rate after their halving which happened on…

Should investors buy BTC now that the bitcoin halving has concluded? We look at various arguments from top crypto analysts to gauge what actions you should take now. The just-concluded BTC halving has come at a time when institutional markets and individuals are investing in bitcoin more than ever before On May 12, 2020, bitcoin underwent the much-awaited 3rd halving event, which led to the number of new coins awarded to the computer wizards who "mine" the cryptocurrency being cut in…

Some cryptocurrency market participants believe that mass adoption of cryptocurrencies is related or influenced by the governments’ willingness to provide favorable regulatory framework. Some governments worldwide have been up to the task and are working towards the establishment of such regulations, while others are still considering it. On May 11, the Ministry of Finance in Vietnam said it will come up with a research group responsible for examining and making policy proposals about cryptocurrencies and virtual assets. The research group will assist…

China is still strengthening the regulatory space in its economy as it has just suggested new restrictions on online lending. Banking regulator in the country asked for public opinion on another guideline for banks’ Internet loans, towards tightening scrutiny of the banking domain through the improvement of risk management and enhancement of consumer protection. This new guideline stipulates issues which include the maximum loan amount, repayment period, and the purpose of the loan. According to the China Banking and Insurance Regulatory Commission, the…

Bitcoin halving will happen on May 12 and there are many perceptions and forecasts regarding its effect on the cryptocurrency space. The event will affect miners. According to Johnson Xu, at research company TokenInsight, the event will ultimately eliminate every inefficient miner. While speaking with Decrypt, Xu noted that finding cheaper electricity is the means of keeping these energy-intensive machines profitable following the event. The halving event will reduce miners’ profit by fifty percent on Tuesday. That is, the revenue from…

Get the weekly summary of cryptocurrency market trends, news, and forecasts! This Week’s Summary The Crypto Market ends the week at a total market capitalization of $242 billion. Bitcoin ends the week with a 20% drop after reaching $10,000 mid-week Ethereum loses almost 12% to trade below $200 once again. XRP price briefly goes over the 0.20 barrier only to drop below it on the weekend Most of the top-20 altcoins are bleeding massively following BTC’s sudden drop. The COVID-19’s…

Bitcoin emerged in 2008 and two years later in 2010, a website declared it dead. Interestingly, Bitcoin continues to grow such that it is now incurring a bull run as it is moving towards $10k price level. However, the website that declared it dead at the time is no more. The leading cryptocurrency has been proving its critics wrong based on its success over the last decade. Critics say many things about Bitcoin; some say it is a scam, Ponzi…

The performance of Ethereum has been remarkably below that of Bitcoin recently. At the moment, Bitcoin is trading close to its multi-month highs while Ethereum remains remarkably under its level seven days ago. Due to this weakness relative to Bitcoin, it is revealing certain moderate breakdown signals. Nevertheless, the bulls were firm in defending Ethereum’s key support close to $198. Currently, according to Analysts, Ethereum may be primed for a rally to its recent highs of over $230. This is…