The price of bitcoin temporarily exceeded the mark of $10,000, but the cryptocurrency was not able to maintain that achievement. However, according to some estimates, the price of bitcoin may exceed $100,000 within a year.
As the financial crisis deepens, and the Russian ruble fell, the demand for bitcoin jumped sharply in Russia. It became a leader in terms of transactions volume at LocalBitcoins.
Rosseti, the largest Russian energy company, claimed damage from illegal mining in the amount of 450 billion rubles within the last three years. 35 cases of theft of electricity for cryptocurrency mining were revealed.
New bills on the regulation of cryptocurrency circulation in Russia do not suppose criminal liability for the purchase of cryptocurrencies, said the Russian State Duma parliamentarian.
The former head of the Russian Post branch in the southern city of Mineralnye Vody was suspected of illegal cryptocurrency mining using working equipment. The damage caused is estimated at 30,000 rubles ($400).
Chinese technology giant Tencent will invest 500 billion yuan ($70 billion) over the next five years in technologies aimed at improving internal infrastructure of the holding.
Chinese authorities plan to launch the state digital currency ahead of schedule to stimulate the economy amid toughening confrontation with the United States due to the spread of the coronavirus COVID-19 in the world.
Tether stablecoin settled $212 billion worth of value in 2019. The sharpest jump in USDT transaction volume was recorded in the first half of last year.
The bitcoin network demonstrates a sharp increase in transaction fees. Within nine days after the halving, miners earned almost 50% more on transaction fees than in the whole April.
Russian State Duma parliamentarians proposed imprisonment for up to seven years for cryptocurrency turnover. At the same time, they call for legalization of blockchain projects tokens considered as unregistered securities in many countries.
Over the past day, the total share of three mining pools, F2Pool, AntPool, BTC.com, exceeded 50% of the bitcoin hashrate. Such a redistribution of forces threatens to reduce the level of decentralization in the network.
Hackers successfully attacked supercomputers in Europe and mined cryptocurrency on them. Many of these computers were used to search for vaccines against Covid-19.
The British writer Joan Rowling, author of the much-loved series of seven Harry Potter novels, tweeted that she did not understand what bitcoin was and asked to explain it to her.
Written by Dmitri Laush, CEO GetID, an omnichannel identity verification solution.
Visa has filed a patent application for a cryptocurrency system, which is designed to replace cash. Digital currency should be issued on the blockchain.
The bitcoin exchange rate temporarily exceeded $10,000 four days before halving. On 12 May, the inflation rate in the bitcoin network is scheduled to decrease from 3.6% to 1.8%.