The programmatic reduction in block reward creates a self-fulfilling prophecy of extremely bullish price action.When bitcoin was first introduced, it had little to no value. Early adopters traded thousands of bitcoin for just a few dollars, until the infamous “Pizza Day” incident when Laszlo Hanyecz paid 10,000 BTC for two large pizzas, setting in motion a chain of events that lead to...
When you run the numbers, it’s clear that quadrillions of dollars will be compressed into 21 million bitcoin. What comes next, nobody knows.The Bitcoin black hole has absorbed $1 trillion of monetary energy in only 12 years. As the legacy financial system nears the event horizon, BTC's gravitational pull grows stronger. Quadrillions of dollars of monetary energy will soon be compressed into...
The much-anticipated TomoChain block prize halving has taken place. This halving is rumored to be a pivotal point for the entire proof-of-stake (PoS) blockchain platform. Kyn Chaturvedi, CBDO of TomoChain, throws more light on what users should expect following the block prize halving event. In a recent "Spill the T" episode on TomoChain’s YouTube channel,...
Verge is all set to undergo halving on the 26th January 2021. We all know how BTC reacted after the halving on the 11th May 2020. There was an impressive rally in BTC price after its halving. Could we see a similar rise in XVG price? What is halving? Halving is the milestone where the block rewards for mining a coin...
Reading Time: 5 minutesThe cryptocurrency market during Q2 of 2020 was just as crazy as Q1, if not more so - the coronavirus really kicked in, adding a dose of volatility to...
Every four years, Bitcoin's supply is halved, making the asset twice as rare. While theories say that price should therefore double, Bitcoin analyst...
Privacy coin Zcash will be undergoing its first halving event in around a week’s time but does it really matter and what will happen to ZEC prices. On November 18, Zcash inflation rate will halve from 25% to 12.5% as the privacy- focused altcoin has its first halving event. The coin has been hampered by extremely The post How Will Zcash (ZEC) Halving on...
Reading Time: 2 minutes The Financial Times newspaper is notoriously down on Bitcoin, but they are being proved wrong over their halving claims In May the paper dismissed the possibility of a post-halving pump, since when Bitcoin has risen 39% What will it take for the...
Bitcoin is once again trading above $11,500 after a retest of $10,000 was quickly bought up. A variety of factors are beginning to have an influence over supply and demand, and appear to be tipping the scales in favor of price appreciation. One specific metric could be particularly crucial to the increase in value recently, and it could be causing demand to far...
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