BitDigest May 11 · Issue #655
May 11, 2020
Author
- Ahead of the halving, bitcoin suffered a flash crash sliding 15% over a 10 minute period this weekend. The leading digital currency has stabilized and recovered slightly since Friday. It is now only down 11% since my last report. As I warned last week, the hodlers have gained more power and the downward move was reported to be driven by large hodlers liquidating BTC positions.
- Gibraltar believes all tokens are securities by design
- Bitcoin in Craig Wright’s Tulip Trust has moved
Countdown to the Halving
Today is the big day!Over the weekend Bitcoin’s blocktimes ran below the 10 minute average and therefore block 630,000 is expected to be mined much earlier than expected. Bitcoin’s third halving is currently expected to occur around 3:32 EST this afternoon.