Thursday, August 6, 2020
No menu items!
  • News
  • Bitcoin
  • Contact Us
More

    Twitter CEO Jack Dorsey Has Just ‘Bitcoin’ Left As His Bio as Halving Counts Down; CZ Reacts

    Must Read

    Italy-Based Pasta Producer Adopts VeChain’s My Care to Manage Infection Risk

    The world’s third-largest producer of pasta, De Cecco, has reportedly adopted the Infection Risk Management solution My Care, which...

    When $400 Was Support for Ethereum (ETH) It Bounced 2x to Hit $800 –The Crypto Dog

    A popular cryptocurrency analyst and trader identified on Twitter as “The Crypto Dog” has averred that the second-largest cryptocurrency...

    Coinbase CEO Brian Armstrong Clarifies What Caused Delayed Transactions of Ethereum (ETH)

    The CEO of Coinbase, Brian Armstrong has recently tweeted to clarify what majorly caused the delayed transactions of Ethereum...
    Avatar
    Solomon Odunayo
    Solomon has a growing passion for writing, this propelled him to keenly work on Eagles News Media for about two years before delving into the cryptocurrency and Blockchain industry he finds more interesting. He worked as a crypto Journalist and Editor at NewsLogical before joining Herald Sheets, owing to the priceless experience he has accumulated since he became a contributor in the crypto community.




    Jack Dorsey, the CEO of the most popular microblogging platform Twitter, seems to be in preparation for the most anticipated event in the cryptocurrency ecosystem, Bitcoin halving.

    It has just been noticed that Jack Dorsey now has just one-word “#bitcoin” as his bio, indicating his readiness and expectation of what post having is bringing for Bitcoin enthusiasts.

    A user identified on Twitter as Shalini called the attention of the crypto community members to this significant development.

    In the tweet, she said as Bitcoin (BTC) halving counts down, Jack has just only one word, #bitcoin, in his public bio, indicating his full support readiness for the upcoming event.

    Shalini shared this, “With just 17 Days left for Bitcoin Halving, the CEO of Twitter Jack Dorsey has just one word as his bio: #bitcoin.”

    This has since attracted responses from many crypto big guns, such as the CEO of Binance, Changpeng Zhao, popularly known as CZ. He indicated his excitement towards the development with the word “nice”.

    Why is Bitcoin (BTC) Halving Significant?

    Many crypto newbies have little or no knowledge about Bitcoin (BTC) halving. But the early adopters, who are now majorly referred to as Bitcoin whales have deep knowledge about the upcoming event.

    The first having played out in 2012, while the second occurred 4 years later. This means Bitcoin halving comes every 4 years.

    During the event, it’s generally believed that the miners’ rewards will be reduced by half (50%), which will result in scarcity. Demand for BTC is expected to be high, while the supply is low. This almost certain scenario could aid the price of Bitcoin to skyrocket in a matter of months after halving.

    The post halving impact on the price of BTC in the past makes it convincing that history is about to repeat itself. At press time, BTC is trading at $7,100.18, with about 2% price increase based on 24 hours estimation. Time will do proper justice to argument on whether Bitcoin is priced in or not.




    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    Latest News

    Italy-Based Pasta Producer Adopts VeChain’s My Care to Manage Infection Risk

    The world’s third-largest producer of pasta, De Cecco, has reportedly adopted the Infection Risk Management solution My Care, which...

    When $400 Was Support for Ethereum (ETH) It Bounced 2x to Hit $800 –The Crypto Dog

    A popular cryptocurrency analyst and trader identified on Twitter as “The Crypto Dog” has averred that the second-largest cryptocurrency by market capitalization, Ethereum (ETH),...

    Coinbase CEO Brian Armstrong Clarifies What Caused Delayed Transactions of Ethereum (ETH)

    The CEO of Coinbase, Brian Armstrong has recently tweeted to clarify what majorly caused the delayed transactions of Ethereum (ETH) that played out on...

    US Congressman: Bitcoin (BTC) Is Not Going Away, Will Rather Become Integral Part of Americans’ Future

    Bitcoin (BTC), the first and largest cryptocurrency has been garnering much-needed recognition lately. A member of the United States Congress, Tom Emmer, just made...

    $1 Billion Worth of Bitcoin (BTC) Transaction That Caught the Attention of Thousands of Investors

    A $1 billion worth of Bitcoin transaction has caught the attention of thousands of cryptocurrency investors and making waves among the crypto pundits. Bitcoin Whale...

    More Articles Like This