What Will Bitcoin Difficulty Adjustment Mean For BTC Prices?

This week will see an adjustment in bitcoin difficulty which will affect miners and could influence prices. The asset just closed its first large green weekly candle for three months so a trend reversal could also be in play. Bitcoin Difficulty Increase Difficulty on the bitcoin network is a measure of how problematic it is to find a hash below a given target. Valid blocks must have a hash below the global block difficulty target. There is also a share difficulty which applies to mining pools and their ability to…

How Bitcoin Solves Global Central Bank Monetary Madness

The pressure is mounting on the major economies of the world. This can be clearly evidenced by observing central bank monetary policy over recent years in various countries. Bitcoin was envisaged to solve this problem but more people need to start using it for that to occur. Monetary Madness Geopolitical tensions may have eased somewhat over the past few days but economic ones have not. US president Trump may harp on about how strong the stock market is at the moment but he fails to mention the weakening strength of…

Bitcoin is the Ideal Safe Haven for UK Citizens Right Now

It is no secret that Bitcoin’s popularity varies based on jurisdiction. The reasons why the cryptocurrency notes greater adoption in some particular countries differ from place to place, but here is why Britons should seriously consider investing in Bitcoin at this particular moment. Ongoing Brexit Uncertainty to Support Bitcoin Demand The fact that Prime Minister Boris Johnson’s Conservative Party won a historic victory in the UK election initially dissolved Brexit uncertainty concerns. Now the PM has full control over the UK parliament, so the latter cannot hinder his rush to…

Bitcoin Celebrates A Huge Milestone This Month

Bitcoin celebrates the 11 year anniversary of its first clear use case, a peer-to-peer trustless transaction. The first transfer happened between the wallets of now-legendary Satoshi Nakamoto and cryptographer Hal Finney. Bitcoin Transactions Picked Up Between Early Adopters Transactions were relatively slow to pick up in the early days, as bitcoin initially had to accrue block rewards. But then, the first test transaction happened, opening the doorway for billions more in value moved over the years. Andreas Antonopoulos, a famous bitcoin proponent, went on to celebrate the milestone on social…

Bitcoin SV, Binance Feud Heats Up as BSV Flips BNB

Bitcoin SV (BSV) has rallied strongly in January, expanding its price by 50%. The project’s proponents spent the past few months promising “something big” for the coin. Bitcoin SV Attempts to Gain Recognition While Price Pumps So far, the big news that BSV proponent, Calvin Ayre, has yet to announce has resulted in a pump in price, though nothing unusual according to the standards in the crypto space. Following the pump, Bitcoin SV moved up the charts, displacing Binance Coin (BNB) after busy weekend price action. This recent occurrence has added…

Bitcoin (BTC) Cannot be Replaced: Hal Finney in 2011

Hal Finney, one of the early Bitcoin (BTC) developers and idea leaders, may have predicted the age of hard forks. In an early Bitcointalk discussion, Finney suggested Bitcoin cannot be replaced, as it would undermine trust in the new coin. Finney Sees “Reboots” as Problematic, Creating Dubious Assets An old statement from 2011 shows the risk of a “reboot”, as Finney called the event. The discussion that followed envisioned the effect of hard forks on the market, as well as discussing the potential viability and credibility of the fork. Hal…

Bitcoin Solves This: Bill Gates Talks About the US Wealth Gap

Bill Gates, the world’s second-richest person, recently published a blog post reflecting on 2019, in which he noted that his extreme wealth is unfair. Here’s why Bitcoin fixes this. US Tax System Needs Reform Bill Gates is still among the richest people in the entire world — second richest, with a net worth of $108.8 billion, according to Forbes. However, in his blog he recently noted that his net worth shows that the current US economy is not fair. The distance between top and bottom incomes in the United States…

Is Bitcoin Is About To Repeat Its 2019 Rally?

There is no doubt that sentiment has turned bullish for bitcoin. It has remained above the psychological $8,000 barrier for the weekend and institutional investors are starting to go long again. Bitcoin Market Cycles Lengthening Analyst Benjamin Cowen has taken a different way of looking at price data in his latest video. He has essentially removed the irrational short term price moves over the past year to average them out. The aim was to estimate how much longer the current accumulation phase will last. The suggestion is that a continuation…