Bad Crypto News of the Week

The halving came and the halving went, which means that miners now only get 6.25 Bitcoins for each block and we only have about 1450 days to wait until the next one. That’s something to look forward to, especially as this halving didn’t seem to do much harm. The price didn’t move very much, suggesting that the halving was already priced in. Predictions of a sudden drop didn’t pan out, or a sudden rise, and neither did Craig Wright’s threat to crash the price. We can all go back to bed now.

One change though was the removal of 23,540 Bitcoins from exchanges immediately after the halving. It looks users are feeling confident enough to keep their coins in their wallets for the long-term. Are they right to be so bullish? The experts disagree. Some see signs of a continued rise. Others expect a quick dip first. 

As for that last block, miner F2pool wrote a message into the coinbase transaction. “NYTimes 09/Apr/2020 With $2.3T Injection, Fed’s Plan Far Exceeds 2008 Rescue”…