* What happens when 21 Million Bitcoins have been
mined?
Bitcoin halving is often referred as “Halvening”, it’s a formulated
reduction in the reward coins offered to the miners using a predefined
blockchain algorithm.
Bitcoin halvings take place once in every four – 4 years approximately, or for every 210,000 block transactions.
The process of halvening started in the year 2012, approximately
after 4 years of invention of bitcoin i.e 2008, but practically bitcoins
came into play in the year 2009. After the first bitcoin halving, the block reward of 50
bitcoins per transaction were reduced to 25 bitcoins per block or
transaction, later this reward was further reduced to 12.5 and it has
now fallen to 6.25 after halvening in 2020.
The main idea of halvening is to create scarcity for the coins
and to control inflation, as bitcoins issuance is limited to 21 million
coins as per the idea of Satoshi Nakamoto, inventor of Bitcoin. The production of 21 million bitcoins involves 32 halvenings,
we are now done with two halvenings and this might continue till or come
to an end in the year 2140. To know the overview of Bitcoin Halving (Just in minutes), checkout the following infographic developed by Abishai James at WinBTC.net.
By Deya Hroob The popularity of staking is growing nowadays. You can easily stake various coins in different exchanges such as Binance , Bitrue and Cex.io . How to Stake On CEX.IO Exchange What is Staking? It is the process of holding a coin to receive rewards. Your funds are frozen and for this, you receive passive income in the form of interest. The staking profit depends on the chosen coin. Where To Stake XRP? You can stake XRP in Bitrue exchange. There are two ways to stake XRP in Bitrue exchange. 1. Hold XRP and earn Interest Rate: 5.3%. Once participated, you will be able to receive your coin interest every day, until you opt out. Holders will earn XRP at 5.3 annual interest as a reward. For every 10,000 XRP put into the program, you will earn 1.45 XRP per day. Your coins will not be locked so you can opt out anytime you want. Minimum amount to join is 10 XRP 2. Hold XRP for 30 days and earn Interest Rate: 10.2%. Y o
By Deya Hroob Shiba Inu is one of the most popular digital currency in the world. Learn more about this coin and how to buy it and stake it as well. Table of Contents 1. What is Shiba Inu Coin (SHIB)? 2. Where to Buy Shiba Inu Coin (SHIB)? 3. Can you Stake Shiba Inu? 4. What is Crypto Staking? 5. Best Place to Stake Shiba Inu? 6. How much Shiba do you get for Staking? 7. How to Stake Shiba Inu? a. WhiteBit Exchange b. Bitrue Exchange c. Binance Exchange d. ShibaSwap DEX 8. Can I Stake Shiba Inu on Crypto.com? 9. Is it Safe to Stake Shiba Inu? What is Shiba Inu Coin (SHIB)? According to Shiba Inu website SHIB is an experiment in decentralized spontaneous community building. Shiba token ( Shib ) is the first cryptocurrency token to be listed and incentivized on ShibaSwap , our decentralized exchange " they said" . They also claimed that they l
Bitcoin Halving The Bitcoin Halving is an event that takes place every 210,000 blocks or roughly every four years, where the number of Bitcoin awarded per block mined is cut in half. Over the last three months leading up to this halving, Bitcoin has experienced increasing levels of volatility. Just two days before the third halving in May 2020, Bitcoin experienced a 20% drop in price which was similar to the second halving in 2016 when BTC dropped 11% two days before. History On Track In 2016 and 2020 Bitcoin underwent a halving event in May 2020, reducing the rewards miners receive for successfully completing a block by half. This halving event also had a large impact on the price of Bitcoin, as it halved the number of new Bitcoins that can come into circulation at any given time. As such, this created an increased demand for Bitcoin, resulting in its impressive surge to $10,000 earlier today before dipping below $8,000. After a 20% dip in price, Bitcoin has since reco
By Deya Hroob Relative Strength Index (RSI) is a well-known technical indicators among traders. However, some of traders use it in a traditional way or use it wrongly. In this topic we will cover some profitable ways to use RSI. What is RSI? Relative Strength Index (RSI) was developed by J. Welles Wilder in 1978. It is a momentum indicator that measures the speed and change of price movements. Many traders use it to spot the overbought and oversold state of the market to initiate long or short position. The readings of the indicator fluctuate between 0 and 100. The RSI is considered overbought when above 70 and oversold when below 30. How to use RSI profitably? 1) Chart Pattern There are numerous chart patterns like Head and Shoulders, Double Tops , Pennants , Flags and many more. We see them forming in price charts. Amazingly, they are also forming in RSI even if they don't show up in price charts. Let's take an example: This is AUD
By Deya Hroob Discover the best places to buy Hedera Hashgraph (HBAR), plus learn about ways to get HBAR for free with this easy-to-follow guide. What is Hedera Hashgraph ( HBAR )? Hedera Hashgraph is a smart contract platform that enables developers to build decentralized applications (DApps) with confidence and speed. It is powered by a hashgraph distributed ledger technology which provides a superior consensus mechanism for secure and efficient transactions. The platform also offers over 40 native network services and APIs to create powerful distributed applications with low fees and energy consumption compared to other popular blockchains. HBAR token roles is to power Hedera services like smart contracts, file storage and regular transactions. Hedera Coin Where to Buy? You can buy HBAR in many different exchanges like Bitrue , Binance and Huobi . In this post I will focus on buying HBAR in Bitrue Exchange since you can earn free HBAR tokens there. How to Get Hedera ? You can
Like other Cryptos NEO/USD has declined more than 50% since June 26. It fell below the moving averages. The pair is trading now at $11 just above the 200-day SMA. The first resistance can be seen at $11.35, it's the 61.8 Fibonacci retracement level. An upside break up can trigger rise towards next resistance at $13.19. On the other hand, if NEO/USD slips below the 200-day SMA, it may plummet to $8.75 support level. RSI is close to oversold territory which shows that the power of the bears.
By Chayanika Deka In another boost for the XRP ecosystem, Bitrue , a Singapore-based cryptocurrency exchange announced that it will soon list 27 new XRP pairs on its platform. With XRP as the base pair, the first 14 coins to be paired with it will be opened for deposits and withdrawals starting on 23rd December. The official blog post also revealed that the trading for the pairs will go live on 25th December. For the remaining 13 XRP-paired coins, deposits and withdrawals will begin on January 9th, 2020 following which trading going live on January 13th. Bitrue’s official tweet [New XRP Pairs] Just went live @BitrueOfficial ! More to come, happy trading. 🥰 💫 $ZIL / $XRP 💫 $IOST / $XRP 💫 $GNT / $XRP 💫 $ICX / $XRP https://t.co/jo35csRoeP https://t.co/N6Mmj42ttA https://t.co/eMCipgBD7O https://t.co/IYfl85SvX2 pic.twitter.com/tKJmhz1I5Q — Bitrue (@BitrueOfficial) March 27, 2019 Read The Whole Story in AMB CRYPTO
As the sentiment in the whole Cryptocurrency is weak at least in a short term, Ethereum couldn't scale above the moving averages. Both the 50-day EMA and 20-day EMA make it hard for ETH/USD to advance. Moreover, Ethereum lost the battle with moving averages and breaks down the uptrend line 1 and $190 level. It's a 61.8% Fibonacci level of the rally from $80 to $363. The price has tested and rebounded from the main uptrend line, it's the main and only major support for Ethereum, but if that support also breaks down, the fall can extend to $150 level. RSI confirms the weakness of the bulls. The trend line 1 and the 20-day EMA are at the same level,therefore, traders should expect strong resistance from them. Traders should be on the sideline at the moment until a clear buy setup appears.
By Horus Hughes Since topping out at $6,500 on March 31, Bitcoin ( BTC ) price had spent the majority of Wednesday in a steady slump which saw the price drop from $6,494 to $6,147. The pullback mirrored the poor performance in traditional markets where the S&P 500 and Dow dropped by 4.41% and 4.44% respectively. The slump in traditional markets appeared to be a reaction to dismal news that the United States surpassed more than 200,000 Coronavirus cases. Earlier this week the White House also stated that it concurs with the estimate that up to 240,000 Americans could die from COVID-19 within the next 3 weeks. If true, this would likely extend the time social distancing and mass quarantine policies stay in effect, leading to additional damage to the economy. As advised by many market analysts, global markets are unlikely to show signs of bottoming until the Coronavirus pandemic is brought under control. Bitcoin Price Chart Source: CoinGeck
Daily Chart Ethereum breaks out both 20 and 50-day EMA. Also, a golden cross between moving averages is about to happen. RSI shows that the power is in bulls' hands. All of these show that the trend is changing from down to up. ETH/USD has rebounded from the trend line shown in the chart and it found support from 0.236 Fibonacci level at $212. The bulls will try soon to propel the pair above the trend line and carry it to the next target at $240 thereafter to $265. On the way down, the moving averages will give us a great opportunity to buy Ethereum at good levels with stop loss below them. 4H Chart In the 4H chart, you can see clearly how the 20-day EMA provides good support. Below is the 50-day EMA that may hold any correction.The main resistance level is at $240. If bulls successfully break above it, a strong uptrend is expected to start.
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