The Bitcoin Halving is only 12 days away! And the mood is getting bullish!
The Halving is expected to occur around May 12th at 8 pm AEST (Perfect time for a party if not for Corona)! The block time being variable means the exact time could still change.
Google Trends shows searches for the halving increased ten-fold.
Past Bitcoin Halvings have historically resulted in bull runs in the months following.
As of this time, the price rose 28% for the month and is still climbing. It is now at the same level as before the Corona shutdowns.
In-fact Bitcoin briefly reached a new all-time high in Argentinians Pesos. That's of-course partially a function of the Peso going down.
HardBlock Updates
We have removed many Bitcoin withdrawal limits and simplified Bitcoin withdrawal system. It is currently:
- 4 day Block after first time Dollar deposits.
- 4 day Block after Dollar deposit from a new bank account
- For POLi deposits only: $1000 in Bitcoin of your deposit amount can be withdrawn until your deposit comes in (0-3 days).
In Other News
Early Bitcoin startup Purse.io announced they are shutting down after 6-years. However, a last-minute acquisition offer might have sent them a lifeline.
Bitcoin pioneer Caitlin Long urged the Crypto community to be wary of a large number of IOUs within the crypto industry.
Analyst estimate about 25% of Bitcoin and Ether are held in third-party custody but the entire stable coin sector is based on IOUs.
Caitlin warned that the same incentives in the economy that encourage debt and over-leveraging apply to Crypto Companies.
You can see her Virtual Blockchain Week talk here.
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