7 Days Left for Great Bitcoin Halving: 4 Leading Experts Talk BTC Post Covid-19

Written by:
Aaron Goldstein
Published on:

Joe Lallouz, Zac Prince, Marc Bhargava, and David Gerard spoke on a post-Covid-19 world and how Bitcoin will exist within it as part of a series of Web seminars presented by Finance Magnates that took place Monday May 4.  

“The thing about the COVID-19 crisis is that it was the end of the ‘long bull run’: after the 2008 crisis, we basically had a decade where stocks just went up. That ended all of a sudden in one, big bang,” Gerard said. 

He is author of Attack of the 50-Foot Blockchain. 

“Everybody took all their money out of everything else, and put it into the ‘asset of last resort’ in a crisis, and that asset turned out to be dollars–buying up treasuries, or just getting cash.” 

He added: “the great difficulty that crypto continues to have is that there really isn’t really a crypto economy–there’s no circular flow of income; no one ‘lives their lives’ in crypto. As an investment, it’s functionally a bit of a dollar derivative.” 

[…] So, the lesson there is that everything crypto did, it did during the best possible conditions: when markets were going up, investments were all looking good…now, it’s the bad times, and crypto really has to make a case–and I’m really not seeing it make one at the moment.” 

A lucky winner at Bitcoin Games has struck a fortune by winning a huge pot and cashing out 29.65 BTC (~ $250,000). The player had newly joined the online casino and didn’t have to wait long to win the jackpot. As for the identity of the winner, that remains mysterious as the casino offers users to play and win jackpots anonymously. The gaming portal currently hosts many popular games who have massive jackpots such as Slots with 500 BTC, Keno up to 250 BTC, and Video Poker up to 203 BTC, all amounting to jackpots worth over $5 Million. 

On May 3, the research and analysis firm Glassnode reported that the overall BTC hashrate touched another all-time high above 140 exahash per second. As miners continue to hash away at the network, there are only seven days left until it happens.  

- Aaron Goldstein, Gambling911.com

Business/Financial News

CoinGeek NYC Live or Virtugal: One Week to Go

CoinGeek NYC Live or Virtual: One Week to Go

There’s only a week left until the CoinGeek Conference in New York City. And as a proud association partner, Bitcoin Association is inviting you to watch the final round of the 4th BSV Hackathon during the conference!

China's Top Regulators Ban Crypto Trading and Mining, Sending Bitcoin Tumbling

China's Top Regulators Ban Crypto Trading and Mining, Sending Bitcoin Tumbling

China's most powerful regulators on Friday intensified a crackdown on cryptocurrencies with a blanket ban on all crypto transactions and mining, hitting bitcoin and other major coins and pressuring crypto and blockchain-related stocks.

Oregon Ducks Star Kayvon Thibodeaux Launches Own Cryptocurrency

Oregon Ducks Star Kayvon Thibodeaux Launches Own Cryptocurrency

Oregon defensive end Kayvon Thibodeaux announced Thursday the launch of his own cryptocurrency.  The news comes following changes to the NCAA's name, image and likeness rules made in July.

Businesses That Have Survived Rough Times

Businesses That Have Survived Rough Times

If you have an online iGaming project and you also want to expand it with sports betting, then it’s important to have high-functioning sportsbook software. Well, the aim of any gambling or betting site is to attract as many players as possible by providing them the best experience possible.

Bitcoin Site Goes Dark After Apparent Hacking

Bitcoin Site Goes Dark After Apparent Hacking

Bitcoin.org, the website that was once the main landing portal for all things Bitcoin, today suffered an embarrassing hack that has already cost naive BTC users money.