Bitcoin offshoot bitcoin cash (BCH), the fifth-largest cryptocurrency by market value, underwent its first "halving" Wednesday, but the process is unlikely to have a bullish impact on the cryptocurrency’s price, say analysts. The event – programmed to occur every four years – took effect around 12:20 UTC, reducing the...
As central banks and governments around the world inject trillions of dollars of coronavirus-related aid and stimulus into the financial system, big investors are becoming increasingly curious about bitcoin's potential as a hedge against inflation.And nowhere is that inflation resistance more evident than in bitcoin's once-every-four-years "halving." That's when...
Bitcoin Cash – the blockchain that forked off Bitcoin in 2017 – has just reduced its block rewards by half, causing many miners to see gross margins drop to near zero.The world's fifth largest cryptocurrency network by market capitalization reached block height 630,000 at roughly 12:20 UTC on...
Bitcoin cash (BCH), the cryptocurrency that broke off from bitcoin (BTC) due to a heated community disagreement in 2017, is about to hit a blockchain milestone. At block 630,000, expected to occur Wednesday morning Eastern time, the number of BCH coins created roughly every 10 minutes will fall by...
Lex Sokolin, a CoinDesk columnist, is Global Fintech co-head at ConsenSys, a Brooklyn, N.Y.-based blockchain software company. The following is adapted from his Future of Finance newsletter.Imagine we are venture capitalists and succeed in raising $30 million. Let's say in this world there are two types of VCs: (1) ones...
Experts looking at how North Korea continues to import and export goods despite numerous sanctions agree the country’s $1.5 billion cryptocurrency war chest is used to fund an illicit web of trade networks and supply chains.Blockchain analytics company Chainalysis said it is “comfortable” with the $1.5 billion figure...
At least 10 class-action lawsuits were filed against major crypto firms and personalities accusing them of offering unregistered securities. The thread tying it all together? The lawsuits were filed by the same boutique law firm – Roche Cyrulnik Freedman - heading up another high profile case involving bitcoin's...
The company behind the world's sixth-largest bitcoin mining pool has released software that aims to patch several security problems with such pools.The software, included in the BOSminer software suite, is the first working implementation of Stratum V2, the protocol that Prague-based startup Braiins released a specification for in...
Hosted by CoinDesk Research Analyst Christine Kim, the first episode of the Bitcoin Halving 2020 podcast series is about the impact of bitcoin’s third halving on the concentration of miners in China. In about 40 days, the world’s first and largest cryptocurrency by market capitalization, bitcoin (BTC), will...
The U.S. Securities and Exchange Commission charged a former Texas pastor and his wife for allegedly defrauding hundreds of investors through an alkaline water-backed cryptocurrency, TeshuaCoin.Larry Donnell and Shuwana Leonard were charged Friday with defrauding investors by allegedly stealing nearly $500,000 in the sale of bogus stock certificates...