American banking giant JPMorgan provides banking services to cryptocurrency trading exchanges including Bitcoin. JPMorgan entered into a tie-up with Coinbase and Gemini exchanges, which are legal in theUS.
The news was first reported by the Wall Street Journal. The bank accounts of both the exchanges have been updated in April. They are still in use.
JPMorgan is one of the largest banks in the US. Jamie Dimon, its CEO, and chairman has once said Bitcoin is a hoax. The same bank now serves customers who have a cryptocurrency transaction.
Cryptocurrency companies find it very difficult to obtain banking services in the United States. So JPMorgan’s move is remarkable.in the risk category of companies doing business in cryptocurrency. banking firms such as Silvergate provide services to crypto companies in the United States.
Bitcoin acceptance is growing every day. This increases the banking requirements in the crypto market. Realizing this possibility, JPMorgan intends to become an excess in the crypto banking market.
This move by JPMorgan is a good indication of a bright future for cryptocurrencies including Bitcoin. Expect more banks to come up with services for crypto companies. Let us pray that the situation in India too will change
That change has only happened once in four years on the Bitcoin network. The third bitcoin halving is complete. The cryptocurrency event is one of the most anticipated events in 2020.
With this, the reward for mining a block changed from 12.5 Bitcoin to 6.25 Bitcoin. The 630000 block of Maine, according to blockchain.com data, is Indian Time 2020-05 at 12:53 am.
The last block to receive a 12.5 Bitcoin reward, the 629999 TheBlock Mine, was mined by F2Pool. 6.25 The first block to receive Bitcoin as a reward, the 630000 block was mined by AntPool’s mining pool.
￼The Coinbase Transaction in Block 629999 contained the following message: “2.NYTimes 09 / Apr / 2020 With $ 2.3T Injection, Fed’s Plan Far Exceeds”.
The first block of Bitcoin mine was made in 2009. Block Rewards 50 Bitcoin at the time. With every 210000 block mined, the block reward will be halved. This process is called bitcoin hawking.
It will take about 4 years. The first bitcoin hawking took place in 2012. At that time the block reward was reduced to 25 bitcoin. The second hawking took place in 2016, when the reward was reduced to 12.5 Bitcoin. In its third hawking today, it turned out to be 6.25 bitcoin.
This operation will run until 2140. By that time, 21 million Bitcoins have been mined. By then, Block Reward would have turned into a Satoshi. To say a Satoshi is 0.00000001 Bitcoin.