Bitcoin Eclipses $10K Mark, 'Halving' Searches Up 300 Percent

Written by:
Aaron Goldstein
Published on:

Will Bitcoin’s Halving Be The Gold Rush Some Expect?   This is the question everyone in the crypto sphere is asking ahead of Tuesday's highly anticipated halving.

Halving is done to create scarcity every four years. 

The online gambling sector will be monitoring the event closely as cryptocurrencies account for more than 70% of all funding in restrictive markets.

This will be the third halving since Bitcoin’s inception in January 2009 and from a price perspective, both of the previous events were very bullish for the cryptocurrency, triggering price rises of 81 times and 30 times in the 18-month period after the 2012 and 2016 halvings respectively.  

Bitcoin Cash’s halving on April 8th ended up being a bit of a non-event but does that mean bitcoin’s halving will also be just another day in the salt mines? Experts are making their predictions but it is difficult to read much into the BCH halving. Since nothing really happened, no spike or crash, experts are now split on what will happen with the BTC halving. 

James Harris of CryptoCompare says “While we see real reasons to be bullish about bitcoin from both a macro and micro economic perspective, the fact is that the market ecosystem is markedly different from the previous two halvings. Previously, miner selling was a far greater proportion of overall trading flows, so a net decrease in their activity may have had a greater impact in the past.

“Another important factor is the emergence of derivative platforms, virtually non-existent two or three years ago, whose trading volumes now dwarf spot exchanges, though it is difficult to predict whether these exchanges will increase or reduce volatility in the longer term.”

- Aaron Goldstein, Gambling911.com

Business/Financial News

What Do Broken Down McDonald's Milkshake Machines Have to Do With a Bitcoin Mastercard Conspiracy?

If franchisees want to switch solutions, the only option that the parent corporation allows is to switch to a software “upgrade” called “Powerhouse Dynamics,” which is owned by the parent company of Taylor, so you can't really escape the system.  Enter Mastercard's similar setup with Bitcoin.

The Crypto Beat - July 28, 2021: Bitcoin Crosses Over $40K Again

The Crypto Beat - July 28, 2021: Bitcoin Crosses Over $40K Again

Plus EU’s ban on anonymous digital currency transfers—a deep dive....cryptocurrency won't be so anonymous any more. 

Bloomberg: DOJ Probing Tether of Bank Fraud

Bloomberg: DOJ Probing Tether of Bank Fraud

A U.S. probe into Tether, a digital token widely used to trade Bitcoin, is looking into whether executives behind the digital token committed bank fraud, a potential criminal case that would have broad implications for the cryptocurrency market, according to a report filed by Bloomberg News Monday morning.

Three Important Features a Pay Per Head Should Offer

Three Important Features a Pay Per Head Should Offer

When selecting a Pay Per Head sportsbook software, there are three primary things to consider in addition to the required reporting, lines management and customer service component. 

BSV Network Attacked: CoinGeek Explains What Happened

BSV Network Attacked: CoinGeek Explains What Happened

The BSV Network has come under attack in recent weeks, more specifically June 24, 2021 and then again on July 1, 6 and 9.  This is likely to become a trend targetting all blockchain networks and crypto sites.