Why Sell In May Might Not Work This Time For Bitcoin
Bitcoin pushes up on the last day as the market prepares for the upcoming speech from the U.S. Federal Reserve (FED) Chairman Jerome Powell. Despite the recent gains, the general sentiment in the crypto market remains bearish. Related Reading | Bitcoin Seen Dropping To $32K – But Not This Month – As Analyst Sees It Hitting $48K At the time of writing, Bitcoin trades at $38,800 with a 1.5% profit in the last 24-hours. The first cryptocurrency by market cap could surprise market participants. Some operators have started predicting a massive crash ahead of Powell’s intervention. The old....
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If your a coder/programmer and want to make some extra money, specifically Bitcoin, Pastecoin may be for you. Pastecoin is a service that allows anyone to buy or sell code snippets for Bitcoin of course. PasteCoin acts an escrow service, protecting the buyer from bad snippets, and the seller from being scammed. Below is a short video summarizing this. The idea of PasteCoin came from the fact that I often work on all types of scripts in my spare time and I can’t find where sell them to earn money for my work. So I thought why not create a site like Pastebin, a paid alternative to sell....
It's no secret that merchants who immediately sell their Bitcoin for fiat currency create downward pressure on the Bitcoin price, but the merchants aren't the only people to blame. The proof-of-work (POW) system used by Bitcoin and other cryptocurrencies fails to create an incentive for miners to hold onto their coins. That means that as much as 3,600 BTC may be sold per day to pay for electricity and rent, alone. The mined bitcoins alone has a value of more than 180 000 USD. Depending on the type of pool used, some miners sell their coins instantly after being awarded their coins. Others....
"The level of experimentation that’s now possible ... it’s just incredible." So says Alex Batlin, global blockchain lead for BNY Mellon, in a conversation about a new personal experiment he’s working on dubbed the 'Alex Batlin Time Token'. While not an official project tied to his duties for BNY, it’s undoubtedly an offshoot of his work with the firm, having spearheaded blockchain testing while at UBS as well. The idea is fairly straightforward. Batlin created a token via the ethereum network, each of which represents a liability against a certain amount of his time. If you want Batlin to....
A Proof-of-Work system requires its users to perform some form of work to participate. The work must be difficult for the client but easy for the server/network to verify. For example, an email system that implements proof-of-work might require each sender's computer perform 1-2 seconds of work before sending an email. Deployed this way helps prevent spam. With Bitcoin, the POW also determines the approximate time between blocks and thus the rate that new bitcoins are created. Also read: Bitcoin Mining Difficulty Decreases for First Time in Almost Two Years. Proof-of-Work. The code posted....
The Chinese multinational technology giant, Alibaba Group, has launched a non-fungible token (NFT) marketplace. According to regional reports, the Alibaba NFT platform not only provides customers with the ability to purchase and sell NFTs, but the marketplace also allows people to license and sell intellectual property (IP), as it is copyrighted by blockchain technology. Alibaba’s NFT Market Offers Blockchain Copyright Service Alibaba is a large corporation from China that specializes in internet services, technology, and e-commerce solutions. The company, founded in 1999, quickly....