Bitcoin (BTC) price continues to sell-off and the knock-on effect is an even sharper correction in altcoins and decentralized finance (DeFi) tokens. At the time of writing, BTC price sunk to its lowest level in six months and most analysts are not optimistic about an immediate turnaround. Here’s a check-in with what analysts have… Read More »
How to sell Bitcoin: 5 ways to ‘cash out’ your BTC holdings “How do you sell Bitcoin?” is one of the first questions that arise when people become interested in buying cryptocurrencies, since getting your money out is just as important as investing. Selling Bitcoin (BTC) can be similar to buying Bitcoin, except in… Read More »
Former Goldman Sachs hedge fund manager and cryptocurrency bull Raoul Pal claimed in a tweet that he now only owns a single Bitcoin (BTC). As the claim was made in the heat of a Twitter fight with self-proclaimed “Bitcoin strategist” Greg Foss, it’s not entirely clear whether it’s an exaggeration or an accurate statement… Read More »
304 days or roughly nine months ago, 42 companies held bitcoin on their balance sheet with an aggregate total of 1,350,073 bitcoin on March 1, 2021. Today, metrics indicate there are 59 companies, a few countries, and exchange-traded funds (ETFs) with 1,499,493 bitcoin held in treasuries. Private and Public Companies, ETFs, and Countries —… Read More »
Bitcoin’s (BTC) volatility has been shrinking in the past few days. The standard deviation of daily Bitcoin returns for the last 30 and 60 days as calculated by the Bitcoin Volatility Index is at 2.63%, the least volatile it has been since November 2020. Generally, tight ranges are followed by strong price expansions. In… Read More »
The president of El Salvador, Nayib Bukele, has confirmed that the country is making investments to secure a geothermal power source for the construction and operation of the upcoming Bitcoin City, which will be financed with the earnings of the so-called “volcano bonds.” Bukele stated there are high chances of finding a well in… Read More »
Jack Dorsey, the CEO of Block and ex-CEO of Twitter, has proposed creating a nonprofit organization to protect the rights and interests of open-source Bitcoin developers, who are often subject to “litigation” and “threats.” Dorsey explained in an email sent to the bitcoin-dev mailing list on January 12 that the nonprofit’s intention is to… Read More »
The year 2021 was unprecedented for crypto, with Bitcoin (BTC) and Ether (ETH) gaining 60.58% and 408.5% throughout the year, respectively. For the latter, the explosion of decentralized finance (DeFi), nonfungible tokens (NFTs), decentralized applications (DApps) and decentralized exchanges (DEXs) built on its blockchain created a whole new digital currency cyberspace encompassing all corners… Read More »
Hut 8 mined 276 BTC in December, up from 265 in the previous month. The miner deposited all bitcoin mined into custody, as per its “hodl” strategy. Hut 8 now holds 5,518 BTC in reserve, a 97% increase from December 2020. Hut 8, a publicly-listed bitcoin mining company, mined 8.9 BTC per day on… Read More »
As 2022 gets underway, the decentralized finance (DeFi) sector of the cryptocurrency ecosystem appears to be gaining momentum in what could be an echo of the bullish market seen in seen in early 2021. Data from crypto market intelligence firm Messari shows that over the past 30 days, five out of the top 10… Read More »