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"Crypto is maturing. It is now firmly in its adolescence."  ~ Erik Voorhees

Market State

The cryptocurrency market gained $22 billion since last week. Bitcoin has been up for 8 consecutive weeks. The new month is starting with Bitcoin above above $4600. Bitcoin is currently trading at $4675. The price of Ether rose from $137 to $152.  Earning interest on cryptocurrency holdings is becoming popular in the crypto space. Coinbase launched a new service for institutional users to earn passively against their cryptocurrency holdings. 

Meanwhile Japan continues to be at the forefront of crypto adoption. Japan’s biggest railway and subway operator is considering the integration of cryptocurrency as a payment option. Louis Vuitton owner will launch blockchain for luxury goods tracking. The new blockchain will prove authenticity of luxury and goods and help preventing counterfeiting. Blockchain related jobs are still in high demand. The ‘Big 4’ accounting firms Deloitte, KPMG, Arthur Andersen and EY are eagerly searching for blockchain experts according to data from indeed.com.  

Check the latest Bitcoin Price
Quiz of the week

What will be the Bitcoin block reward in 2021?

  1. 6.25
  2. 12.5
  3. 10.5

Scroll down to see the answer at the end of the newsletter.

Top stories of the week

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Tweet of the week
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Crypto word of the week

Proof-of-Stake (PoS) is a consensus algorithm that is used by  cryptocurrencies to validate transactions. In Proof-of-Stake algorithm there are no miners who use powerful computing chips to mine a cryptocurrency instead there are block creators who are randomly chosen by the system depending on how much of that cryptocurrency they own and how long they have been holding it. The advantage a Proof-of-Stake algorithm is that it uses less energy which is environmentally friendly and cost effective.

Quiz answer

What will be the Bitcoin block reward in 2021?

The correct answer is “A”.

Every 210000 blocks, approximately after every 4 years the Bitcoin block reward is reduced by 50% according to its code. This is called halvening. The first halvening was in 2012, the second halvening occured in 2016. The third halvening is expected in May 2020, the block reward will decrease from 12.5 BTC to 6.25 BTC.

Thank you for reading :) 

Have a great day!

Cheers, 
MrCoin

💌 hello@mrcoin.eu
📞 +36 16 555 333

MrCoin

96 Kensington High Street, London, W8 4SG, UK

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