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Long Anticipated Bitcoin Halving Event Is Almost Here

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Long Anticipated Bitcoin Halving Event Is Almost Here
twitter
 Published Few hours ago
Long Anticipated Bitcoin Halving Event Is Almost Here 
The long-awaited halving event for Bitcoin is so close. As of the latest block, we are 99% of the way there. The halving event is the most anticipated event in the cryptocurrency world. Bitcoin will then be twice as scarce amid a world where fiat currency is being printed at records never seen before. At time of writing Bitcoin Block Bot announced on twitter, as of block 627,900, we are 99% of the way through until Bitcoin’s halving event. As of now, the halving is expected to take place on May 12. Read Full on twitter

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Chinese Court Approves Ethereum As Legal Property With Economic Value
Bitcoin News
 Published Few hours ago
Chinese Court Approves Ethereum As Legal Property With Economic Value 
A court in China has ruled that ethereum is legal property with economic value. The Shenzhen Futian District People’s Court in Guangdong Province, China, has ruled that ether is legal property, protected by Chinese law, local media reported last week. This means that the Chinese are not barred from owning or transferring the cryptocurrency. As per report, According to the court ruling: "The crypto assets represented by ETH have economic value and can be traded publicly." Read Full on Bitcoin News

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Tether Just prints Another $240m As Demand For Bitcoin Flourishes
CryptoSlate
 Published Today
Tether Just prints Another $240m As Demand For Bitcoin Flourishes 
As reported by Whale Alert, Tether has printed $240 million worth of Tether (USDT). Tether has long been watched by cryptocurrency investors as an indicator of where Bitcoin might trend next. Demand for Bitcoin has been skyrocketing in recent times amid Corona Crisis. The massive spike seen in Tether issuance is the sign of increased investor activity in the market. It is highly probable that this money will ultimately be siphoned into Bitcoin and other cryptocurrencies. Read Full on CryptoSlate

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Bitcoin Halving: A New Class Of Bitcoin Millionaires May Emerge
Forbes
 Published Today
Bitcoin Halving: A New Class Of Bitcoin Millionaires May Emerge 
The third bitcoin halving could be a major catalyst for monetary change, resulting in a generation of new crypto millionaires. During the previous 2 bitcoin halvings, countless millionaires were created. J.R. Forsyth, the founder of Onfo was an undergraduate and was exposed to bitcoin. Forsyth says, "I mined bitcoin and litecoin very early on.” Or take Alan Glanse, CEO of JuicyFields who bought 100 bitcoins from a colleague in 2012. Then, he forgot about his bitcoin. It wasn’t until the parabolic price highs of 2017’s second bitcoin halving, that he realized that he had become an instant millionaire. Read Full on Forbes

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Indian Tech Firm Develops Blockchain App for Vehicle Inspection
cointelegraph
 Published Today
Indian Tech Firm Develops Blockchain App for Vehicle Inspection 
Indian tech startup Smart Sight Innovation (SSI) has developed a blockchain app that uses HyperLedger blockchain technology, to improve maintenance and inspection of vehicles. SSI said that the app creates a summary of various issues like repair work and compliance with inspection criteria faced by a vehicle. It also sends alerts to vehicle drivers, and takes pictures of parts to provide detailed reports to vehicle owners. App aims to relieve car drivers and owners from the paperwork associated with vehicle maintenance and inspection. Read Full on cointelegraph

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PlanB: New Stock-to-Flow Forecast Puts Bitcoin Price at $288K by 2024
medium
 Published Today
PlanB: New Stock-to-Flow Forecast Puts Bitcoin Price at $288K by 2024 
The latest version of a popular and thus far accurate Bitcoin (BTC) price model predicts an average price of $288,000 — and it could happen this year. In a blog post introducing the third incarnation of the stock-to-flow (S2F) m

odel on April 27, analyst PlanB revealed fresh calculations that are taking his forecast ever higher. Stock-to-flow calculates a value based on the supply of new Bitcoins entering circulation through mining versus the existing supply, or “stock.” Read Full on medium

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World Economic Forum Using Blockchain To Restore Food Supply Chains
Forbes
 Published Today
World Economic Forum Using Blockchain To Restore Food Supply Chains 
The WEF has published a report advocating for the adoption of blockchain-based supply chain solutions to respond to the COVID-19 pandemic and restart the global economy. To assist business and governmental leaders in deploying blockchain-based supply chain solutions, the WEF has also launched its "Redesigning Trust: Blockchain Deployment Toolkit" — which is intended to enable “leaders to maximize the benefits and minimize the risks” associated with DLT. The toolkit was saw contributions from more than 100 public and private entities spanning 50 countries Read Full on Forbes

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Benefits Of Bitcoin To Retailers Will Be Catalyst For Adoption: Tim Draper
Twitter
 Published 1 Day ago
Benefits Of Bitcoin To Retailers Will Be Catalyst For Adoption: Tim Draper 
During the Virtual Blockchain Week, Tim Draper, a recognized venture capitalist and investors, stated that one of the catalysts of Bitcoin adoption will be benefits it provides to retailers. Indeed, they will see that they will not have to pay the fees they were paying before for every single purchase they made. He has also said that he would eat a raw egg if Bitcoin doesn’t reach $250,000 as he expects. Regarding his prediction, he commented: “That’s my prediction. Sticking with it. I’m very confident that that is going to happen. That’s happening. It’s kind of funny.” Read Full on Twitter

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Cardano One Step Closer To Launching Its Shelley Mainnet
twitter
 Published 1 Day ago
Cardano One Step Closer To Launching Its Shelley Mainnet 
Cardano is one step closer to launching its Shelley mainnet—its long awaited upgrade. In a private beta, it has created the first block in its Shelley blockchain. This is essentially a test version of its Genesis block, which will be created when the mainnet goes live. Cardano's head of engineering, Duncan Courts, reported first that it had been created. Cardano founder, Charles Hoskinson, confirmed the news later. Hoskinson explained on Twitter that the block was produced within the "friends and family" stage of Shelley's initialization. Read Full on twitter

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NYC Largest Health Group To Battle COVID-19 with IBM Blockchain Tech
cointelegraph
 Published 1 Day ago
NYC Largest Health Group To Battle COVID-19 with IBM Blockchain Tech 
Northwell Health, the largest health group in New York State with over 800 hospitals, joins IBM's new blockchain network, Rapid Supplier Connect to purchase new suppliers for COVID-19 relief. IBM’s network is a cloud-based application that uses distributed ledger technology to assist businesses providing coronavirus relief supplies to connect with buyers. IBM Blockchain has devoted its Rapid Supplier Connect network for assisting and vetting suppliers providing emergency goods needed for coronavirus relief efforts. Read Full on cointelegraph

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