Halving Priced In or Not, Bitcoin’s Trajectory Bullish for 2020: Exec
[NEWS BLOG]: Halving Priced In or Not, Bitcoin’s Trajectory Bullish for 2020: Exec
In less than six months’ time, Bitcoin will see an extremely important event. Known as a “halving” or “halvening,” the number of coins issued per block to miners will get cut in half from 12.5 to 6.25, effectively meaning that BTC’s inflation rate will be cut in half in layman’s terms.
Related Reading: Don’t Withdraw Bitcoin From Binance to Privacy Wallets, User Warns
The halving mechanism, should it be kept in the code in the decades to come, will ensure that there will only be 21 million Bitcoin in existence. Ever. This ties into Satoshi Nakamoto’s seeming obsession with creating a scarce, hard form of money that is unlike fiat money, which can be printed without limits.
Despite this characteristic, not everyone is convinced that the halving will have a positive effect on BTC, claiming that it won’t affect the market in any notable way or that the event is already “priced in.”
OTHER RELATED NEWS
Former Giant YouTuber Michelle Phan is Now a Bitcoin Evangelist
After leaving YouTube at the height of her channel in 2015, one of YouTube’s earliest creators and most famous beauty stars, Michelle Phan, picked up cryptocurrencies as one of her most stimulating interests, finding her discovery of Bitcoin more exciting than that of YouTube.
Feeling burnt-out, but also thinking that she'd accomplished all that she wanted to on YouTube since she started her beauty channel in 2007, the 32-year-old American makeup artist, entrepreneur, author, and voice actress decided that the highest point of the channel was the best to walk away, she told The Cut.
While Phan still has an interest in beauty and - read more.
Rainforest Charity Launches Crypto Appeal to Help Protect Amazon
A veteran non-profit is embracing the crypto community to fight forest fires in the Amazon.
The Rain Forest Foundation, founded in 1987, announced today a campaign to fight the Brazilian forest fires with the help of the crypto community. Although the foundation has accepted crypto for years—and even developed their own, BitSeed, in 2014–the Brazilian fires has given the Foundation a new impetus for embracing the crypto community.
Deforestation is up 278% from a year ago last July with the number of forest fires doubling between January and August 2018 to 2019, according to the Rain Forest Foundation. The organization is seeking - read more.
What is XRP ?
XRP is a token used for representing the transfer of value across the Ripple Network. The main purpose of XRP is to be a mediator for other - both cryptocurrencies and fiat - exchanges. The best way to describe XRP is a ‘Joker’. Not the creepy Batman enemy, but the card that can be any other card. If you want to exchange dollars to euro, it can be dollar with dollars and euro with euros to minimize the commission. As highlighted above, the transaction cost on Ripple is $0.00001.
An interesting fact: after the transaction the amount of $0.00001 ‘disappears’ - read more.