The Bull Run May Not Come Immediately After Bitcoin’s Halving as Many Expect

With the halving just a few hours away, investors and “hodlers” alike are growing overwhelmingly bullish about what the future holds for Bitcoin. Venture capitalist Tim Draper, for instance, argues that the supply shock could see the flagship cryptocurrency surge towards $250,000. Meanwhile, former hedge fund manager Raoul Pal believes that BTC may skyrocket to $1,000,000 within the next three years. The stakes around the upcoming block rewards reduction event are high and even billionaire Paul Tudor Jones affirmed to have 2% of his assets in BTC. Regardless of the…

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Leaders of the Digital Dollar Project Talk Privacy and the Next Century of Money

As part of the virtual conference Consensus 2020, three leaders of the Digital Dollar Project held an AMA on May 11 in which they went at length into their thoughts for the future of money in the U.S. The speakers and the project The AMA featured J. Christopher Giancarlo and Daniel Gorfine, respectively former Chairman and former head of the fintech wing at the Commodities and Futures Trading Commission. The two spoke to Cointelegraph at the end of March as lawmakers began looking at a digital currency to distribute COVID-19…

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Hodling Pays Off as Buying Bitcoin Has Been Profitable 95.4% of Days

With the Bitcoin (BTC) halving happening in less than 4 hours there is strong evidence that investors are continuing to accumulate Bitcoin.  Readers will recall that on March 12, a day now referred to as Black Thursday, the price of the top-ranked crypto asset on CoinMarketCap crashed more than 50%, registering its second biggest daily drop in history.   While this was an incredibly painful 48-hours for over leveraged traders, the resulting bargain bin prices on and other cryptocurrencies presented a potential once-in-a-lifetime opportunity for long term investors.   Bitcoin’s impressive rise…

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Join Cointelegraph’s Bitcoin Halving Party Live on YouTube!

As the Bitcoin halving approaches, Cointelegraph is throwing a live Bitcoin halving party starting today at 10 AM EDT on our YouTube channel! Join us for live panels with our own globally distributed editors, who will be speaking with some of the biggest names in the crypto space. We’ve got Tim Draper, Roger Ver, Tom Lee, Meltem Demirors, Emin Gun Sirer, Bobby Lee, and many others joining the party. Check out the full event schedule below. Don’t forget to subscribe to the channel and hit the bell icon to get…

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Bitcoin Post-Halving Crash Theory Has One Serious Flaw

The Bitcoin price rallied enormously in the weeks leading to its third mining reward halving on May 12, 2020. Many analysts believe the cryptocurrency would undergo a deep price pullback after the event, citing historical patterns. But the fractal ignores one crucial factor that led the bitcoin price lower after the second halving. Bitcoin will undergo a scheduled technical upgrade on May 12 that would dramatically reduce the reward that is offered to the computer operators who “mine” the cryptocurrency by half. The so-called “halving” is a bullish event, at…

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Korean Luxury Retail Clients to Manage Reward Points on Blockchain

Blockchain rewards platform MiL.k has teamed up with Seoul-based luxury-retail-space chain Shinsegae Duty Free to provide loyalty points compatibility and management.  The new partnership allows Shinsegae customers to connect their existing rewards accounts to the MiL.k mobile application, according to a press release shared with Cointelegraph on Monday. Adoption for “millions” of clients? Once users interlink the accounts, they can reportedly trade their Shinsegae loyalty points for the in-house cryptocurrency called MLK, which currently trades at $0.19 per token. MLK, in turn, can be exchanged for reward points at other…

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Vietnam Govt to Launch Crypto Research Group to Evaluate Policy

Vietnam’s Ministry of Finance has agreed to establish a research group charged with studying and making policy proposals regarding cryptocurrencies and virtual assets on. The group, announced May 11, will comprise nine members led by the Vice Chairman of the State Securities Commission, Pham Hong Son.  The additional members include other representatives of the country’s securities regulator, the General Department of Taxation, the National Institute for Vietnam Finance, Vietnam Customs, and the State Bank of Vietnam’s Department of Banking and Financial Institutions. The research group will help the country stay…

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Coronavirus Takes Toll on Bitcoin Halving, but Pandemic Won’t Steal the Show

Normally, little is unexpected concerning the regular, pre-programmed adjustment of the Bitcoin network’s mining reward size, otherwise known as halving. Baked into the digital currency’s original protocol, the anti-inflationary mechanism gets triggered once every 210,000 blocks mined — or roughly every four years — providing all the interested parties with ample notice and time to buckle up. Throughout Bitcoin’s (BTC) rather short history, halvings invariably foreshadowed massive rallies in crypto markets. The upcoming event, however, is unprecedented, as it will take place in the middle of a crisis that has…

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Binance Adds Its Own Leveraged Tokens After Removing FTX

Binance has launched new leveraged tokens, giving customers greater price swing accessibility.  “Leverage Tokens are a tradable asset that gives users leveraged exposure to the underlying asset without the need of maintaining collaterals, margin maintenance and liquidation risk,” Binance said in a question and answer document provided to Cointelegraph, adding: Each leverage token represents a basket of perpetual futures positions. The price of the tokens tracks the changes in notional value of its underlying positions and its level of leverage.” Binance recently delisted similar FTX products from its platform At…

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Bitcoin Crosses $9K as Paul Tudor Jones Confirms 1% BTC Portfolio

Bitcoin (BTC) returned to $9,000 just hours before the halving on May 11, stepping up efforts to erase the weekend’s big losses. Cryptocurrency market daily overview. Source: Coin360 BTC price hits $9,150 Data from Cointelegraph Markets and CoinMarketCap showed BTC–USD attempting to establish $9,000 as support on Monday as traditional markets prepared to also open lower. Having shed over $1,200 at the weekend in a move that saw some exchanges dive to just $8,250, Bitcoin then clung to around $8,800 for the rest of Sunday.  At press time, price movements were…

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