🗞 Daily Crypto News, May, 4th 💰

Bitcoin Hasn’t Done This Since 2015 Before Its 10,000% Bull Run ;
Bitcoin’s Halving: Stars are Aligning for Next Big Bull-Run ;
Bitmain Recovers, Claims Profits Despite Pandemic and Power Struggle ;
BitPay vs BTCPay: Which Bitcoin Payment Processor is Right for Your Business? ;
90 Million More People Can Now Spend Crypto With TenX ;
🗞 Daily Crypto Calendar, May, 4th 💰
Bitcoin Trading Update

Welcome to the Daily Crypto News: A complete Press Review, Coin Calendar and Trading Analysis. Enjoy!

🗞 Bitcoin Hasn’t Done This Since 2015 Before Its 10,000% Bull Run

The price of Bitcoin (BTC), the top-ranked cryptocurrency, currently sits around $9,000, after last week's impressive 20% rally in a single day. With the halving now less than 2 weeks away, it might seem like a no brainer to go long on Bitcoin to catch the next explosive move.

However, there is one chart view that suggests we may have topped out, and that is what I’ll start with today.

If in doubt, zoom out

🗞 Bitcoin’s Halving: Stars are Aligning for Next Big Bull-Run

Could it ever be a good thing to have your salary cut in half? Ask a Bitcoin (BTC) miner and your answer might well be a resounding ‘yes’.

The spotlight is on Bitcoin once again as people, traders and investors look to see how the asset will be perceived and move in the coming months during this global health crisis. Every four years the amount of BTC that’s rewarded to miners is automatically halved. Satoshi Nakamoto baked this into the very heart of the protocol, starting at fifty bitcoins per block for the first 210,000 blocks. However, having passed through two halving events, the reward is down to BTC 12.5 per block and, on May 12, the Bitcoin reward will halve again to BTC 6.25 per block.

This means Bitcoin miners are literally about to have their income slashed by 50%.

🗞 Bitmain Recovers, Claims Profits Despite Pandemic and Power Struggle

Chinese cryptocurrency hardware manufacturer Bitmain seems to be bouncing back after a streak of dismal reports. Earlier this week, a local industry blog revealed that the mining giant has accumulated over $300 million in revenue so far this year and is rewarding employees with massive bonuses on Labor Day.

Bitmain has since confirmed that information to Cointelegraph but ignored additional questions. Therefore, how does a mining company go about scoring profits amid the pandemic and the Bitcoin halving frenzy, the latter of which is said to shake things up for miners?

A brief recap of Bitmain’s fluctuations

Bitmain was founded in 2013 by Jihan Wu and Micree Zhan. At the time, Wu was a private equity fund manager, while Zhan was raising funds for his TV streaming startup. Wu had allegedly spent all his savings on Bitcoin (BTC) and was looking for a way to accumulate more of the asset through industry-scale mining.

🗞 BitPay vs BTCPay: Which Bitcoin Payment Processor is Right for Your Business?

Although most of the activity around bitcoin (BTC) and other cryptocurrencies currently has more to do with price speculation than actual commerce, there are still plenty of reasons as to why accepting bitcoin payments makes sense for some businesses. Whether you believe in the ideas behind Bitcoin from a philosophical perspective or you just want to avoid chargebacks, there are plenty of benefits to be had from allowing your customers to pay for your goods or services via a cryptocurrency network.

BitPay and BTCPay Server are two of the most well-known options on the market in terms of enabling cryptocurrency payment acceptance for your business. However, they approach this problem from two different points of view.

Bitpay’s history and best features

Incredibly, BitPay was founded in the US all the way back in 2011 by Stephen Pair and Tony Gallipi. In fact, the company was launched less than two years after the launch of the Bitcoin network itself.

🗞 90 Million More People Can Now Spend Crypto With TenX

TenX’s popular Visa debit card—which lets you spend cryptocurrency without having to manually top up—has launched in Germany and Austria.

It supports Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC), all of which can be spent anywhere that accepts Visa thanks to the card’s unique auto-convert ability.

In an ideal world, we’d be able to spend any cryptocurrency, anywhere we shop. But, in reality, merchants aren’t quite there yet. Luckily, TenX is here to help. Bridging the gap between blockchains and traditional fiat currencies, the TenX Visa debit card lets you spend cryptocurrency like it’s cash.

Following high demand, the card recently got the green light (in the form of an E-Money License) to launch in Germany and Austria, where it will serve a combined population of over 90 million people. So how do you know if the TenX Visa Card is right for you? Here, we’ll cover the perks of owning one to help you decide.

🗞 Daily Crypto News, May, 4th💰

Azbit (AZ)

"As a Monday tradition, #Azbit coin is burned to reduce the number of #AZ circulating on the market, and thus support the price."

BitcoinSoV (BSOV)

BitcoinSoV AMA will be held on 4th MAY 1PM UTC in BlockTalks telegram group.

Ethereum Gold Project (ETGP)

"We are pleased to announce that Ethereum Gold Project (ETGP) Hive account@ethereumgoldetg will be listed on 4th May 2020."

Peculium (PCL)

"Dear users, we are glad to announce that Peculium token will be listed on Coinsbit on the 4th of May at 2 PM GMT."

Verge (XVG)

"Catch me Monday for an #AMA all about Hive account@vergecurrency on telegram at t.me/cryptoprofitchatbox..."

Bitcoin Trading Update by my friend Hive account@cryptopassion

Here is the chart of my last analysis :

Here is the current chart :

Let's focus on the 8900$ which is giving us so much difficulties to break. As you can see during the day, we broke it during several hours but the buyers have not been able to stay upper. We are now just under and I suppose the market will try again to break it. If we are able to break really that line with volume, I expect a big UP move to be able to break the diagonal resistance line which is blocking us since months.

🗞 Daily Crypto News, May, 4th 💰

Welcome to the Daily Crypto News: A complete Press Review, Coin Calendar and Trading Analysis. Enjoy!

🗞 Bitcoin Hasn’t Done This Since 2015 Before Its 10,000% Bull Run

🗞 Bitcoin’s Halving: Stars are Aligning for Next Big Bull-Run

🗞 Bitmain Recovers, Claims Profits Despite Pandemic and Power Struggle

🗞 BitPay vs BTCPay: Which Bitcoin Payment Processor is Right for Your Business?

🗞 90 Million More People Can Now Spend Crypto With TenX

🗞 Daily Crypto News, May, 4th💰

Bitcoin Trading Update by my friend Hive account@cryptopassion

You don't want to miss a Crypto news?

Follow me on Twitter or Facebook

Use Brave browser, one that respects your privacy and pays you !

Come try out a great blockchain game: Splinterlands