Bitcoin slid on Monday in volatile trading, after it went through a technical adjustment that reduced the rate at which new coins are created, but the outlook remained upbeat as the increase in supply slows down.
FILE PHOTO: Representations of virtual currency Bitcoin are seen in this picture illustration taken taken March 13, 2020. REUTERS/Dado Ruvic/Illustration
Bitcoin relies on so-called “mining” computers that validate blocks of transactions by competing to solve mathematical puzzles every 10 minutes. In return, the first to solve the puzzle and clear the transaction is rewarded new bitcoins.on the Bitstamp platform. It briefly turned higher. “But longer term, you’re probably going to see higher prices. With all the fiscal and monetary stimulus that’s being pumped into the global economy, there’s renewed interest from institutional traders looking for alternatives to modern government-backed currencies.”
The previous two bitcoin events propelled rallies of about 10,000% from late 2012 to 2014, and roughly 2,500% from mid-2016 to the currency’s all-time high just shy of $20,000 in December 2017, according to traders.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Start your Monday smart: What's happening this weekGraduations go online. Congress heads back to the Hill. More states reopen. Slain officers are honored. Disney sings. (Korean) baseball and UFC begin play. Here's what the next six days will bring.
Weiterlesen »
Online AP Exams start on Monday—here's what students and parents need to knowThis year, some 3.4 million students are registered to take AP Exams online between May 11 and May 22.
Weiterlesen »
Pence will not self-quarantine, plans to be at the White House MondayUS Vice President Mike Pence is not planning to enter self-quarantine after his press secretary tested positive for coronavirus Friday, and he plans to be at the White House on Monday.
Weiterlesen »
Pence will not self-quarantine and plans to be at the White House MondayVice President Mike Pence is not planning to enter self-quarantine after his press secretary tested positive for coronavirus on Friday and plans to be at the White House on Monday, a Pence spokesperson said on Sunday.
Weiterlesen »
Long Beach to open more recreational areas on MondayLong Beach issued guidelines for the reopening of some recreational areas after several weeks of stay-at-home orders amid the coronavirus.
Weiterlesen »
Five Hires To Make ESPN’s Monday Night Football Great AgainIf ESPN wants to bring in a quality booth for Monday Night Football, something it's failed to do of late, these five names would instantly accomplish that.
Weiterlesen »