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Bitcoin’s now-concluded halving event, which several in the industry cited as a price catalyst, seems to have revived institutional interest in a hyped, but overlooked trading product. Bitcoin Halving Spurs Options Interest As reported by The Block on May 17, Bitcoin options at the Chicago Mercantile Group (CME) have surged since last
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Place/Date: - May 18th, 2020 at 7:34 am UTC · 2 min read Source: FreeBitco.in At 7:23 p.m. UTC, on Monday, 11th May 2020, the crypto-community got what it was waiting for.The highly-anticipated Bitcoin Halving event finally took place. Even though varying degrees of the lockdown affect
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On May 11, the Bitcoin network experienced its third block reward halving, which had chopped the 12.5 BTC reward to 6.25 coins following the event. It’s been close to a week later, and data stemming from mining rig profitability websites show that more than 45 older generation devices are
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Another week, another round of Crypto Tidbits. Bitcoin has seen quite the tumultuous week,The cryptocurrency started off the week with a bang, collapsing from ~$9,700, the weekly open price, to a low of $8,100, in a dramatic sell-off that liquidated over $200 million worth of long positions on BitMEX and hundreds
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Data published today from Cryptox Markets and Arcane Research found that despite investor concerns over the block reward halving disincentivizing miners and possibly compromising the security of the network, demand for Bitcoin continues to rise globally.Proof of increasing adoption is supported by the total number of functioning Bitcoin ATMs rising
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Investor interest in bitcoin options listed on the Chicago Mercantile Exchange (CME) peaked to record highs in the days after the recent halving event. Bitcoin underwent its much-anticipated reward halving on Monday, at which point the reward per block mined was reduced from 12.5 to 6.25 bitcoin (BTC). On the same day,
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Bitcoin has seen steady gains in price since the halving took place on May 11. The number of institutional investors trading in the CME crypto options market is a sign of continued interest in this asset class. At press time, bitcoin's price has risen 12% since the reward for bitcoin miners
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Following the third bitcoin halving on May 11, 2020, there’s been a big shift in mining pool distribution, as far as hashrate is concerned. At the time of publication, there’s around 100-115 exahash per second (EH/s) in search of bitcoin blocks and spectators have seen two relatively unknown mining
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Having recently gone through the third halving, one of the most important events in the ecosystem, Bitcoin (BTC) continues to establish itself as a new asset class and a worthy contender to gold as a new store of value for the digital age. Having seen a dip in price from
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Revenue for Bitcoin (BTC) miners plunged 48% a day following the third halving, as the full impact of the periodic supply cut event began to take effect.According to data from crypto company Blockchain, the total value of block subsidies and transaction fees paid to miners crashed to $8.95 million
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