After halving, which took place on 11 May, many miners disconnected their excavators from the network. According to the Digitomist, the energy consumption caused by bitcoin extraction fell by 24%.
Just before halving, Bitcoin's Hash Rate almost reached its new ATH. Unfortunately, shortly after halving (as expected by many analysts), drastic drops was recorded. According to data provided by blockchain.com, the 7-day average HR value of the BTC network increased for the first time since May 11th. Although small, as only 1% of the rebound may suggest a slow stabilization of this very important indicator.
The University of Daegu has made an agreement with the Korean Artificial Intelligence Association to create a campus for people interested in blockchain technology.
Mastercard, has joined the ID2020 Alliance, a global company whose main goal is to create a digital identity for every person in the world by 2030. According to the company this would improve quality of life.
As you probably know, today is 10th Bitcoin Pizza Day. What is it? It's the 10th anniversary of buying two pizzas for 10,000 Bitcoins.
According to the Russian government, cryptocurrencies trading is about to become a crime, and traders could end up in prison. This is part of a law bill through which Russia wants to regulate cryptocurrencies.
Many central banks around the world are considering their own digital currencies to start competing with cryptocurrencies such as bitcoin. Some countries have speeded up their work on this technology after Facebook announced its plans for the global digital currency Libra in June 2019, but only a few have taken real steps in this direction, while France has just successfully tested its CBDC central bank currency, the digital euro.
Shopify - Canadian e-commerce giant, which offer to easy create own online shop will accept crypto payments because it has signed a contract with the company that offers crypto payment processor - CoinPayments
BTC's price has risen again above $9,700. According to Keith McCullough (CEO of Hedgeye Risk Management), this cryptocurrency is currently in an upward trend!
Investor and analyst Tuur Demeester says that after halving, the price of bitcoin will not fall below $6,000 and may rise to $5,0000 in the future.
Greyscale Investment's portfolio has increased by 60,000 bitcoins in the last 100 days - about as many bitcoins as were extracted in the last 3 months.
After the third ever halving of bitcoin in history, bitcoin's transaction fees have increased by over 800% in one month!
According to Chinese reports, another crypto scam has taken place this week, which is similar to the Plustoken platform. Over 700,000 users have been scammed by Dubbed WOTOKEN, and it has stolen a crypto worth over $1 billion.
After the third halving week, the miners rely more on Bitcoin transaction fees because the block prizes were halved, what mean that miners' ravenue is much smaller than before.
Famous economist and gold promoter Peter Schiff shared information on the tweeter explaining why high inflation will not affect the price of bitcoin.
Raould Pal, CEO of Real Vision, says that the price of bitcoin in the long term could rise up to $467,000. He is not alone, as such forecasts have already been made by Mark Yusko among others.
After the third halving in the history of Bitcoin, its price has reacted by 13% increase. According to the data monitoring website, as many as 93% of the days brought profit for those clinging to the HODL strategy.
After a crash on weekend, Bitcoin (BTC) is once again rising, and increasing the price by 8% in the day-range. Current Bitcoin price is 9 656 USD, which is a good forecast for breaking 10 000 USD level.
While there are many different blockchain and cryptocurrency solutions on the market today, Bitcoin still remains king of them, just like "the lion is king of the jungle"
Officials from the Bank of China are pushing for an accelerated adoption of the Blockchain Technology.