With Bitcoin breaking $10,000 for the third time this year and going on its maiden big-money move since the halving, prospects are high. Like all moves from four to five figures, this one was initially met with startling enthusiasm. However, given the market we’re in now, how long can the market sustain above $10,000? The …
Blockchain analysis company Elliptic released a report today saying 2.89 bitcoins were sent to an address it believes to be a part of a Wasabi Wallet. According to the report, the funds, which account for 22% of the funds obtained by the Twitter hacker, were sent to a Wasabi Wallet address late Thursday night. Elliptic …
Bitcoin Core contributor Jeremy Rubin has revealed his work on a new smart-contract language for Bitcoin, which he hopes will increase the “financial self-sovereignty” of users. Rubin demoed the new language, Sapio, on Saturday at a RecklessVR meetup presentation in virtual reality, with many audience members joining the talk in VR headsets. He plans to …
This New Coding Language Could Help Unlock Bitcoin’s Smart Contract Potential Read More »
With Bitcoin’s price expectations, there are usually three camps. Well, there’s actually just two, but the third one doesn’t count, because it is filled with level-headed people. There’s one camp, consisting of the John McAfee type or the Peter Schiff type claiming, ‘Bitcoin will inevitably crash and burn.’ While this form of categorization is useful …
Bitcoin’s price expectation depends on how much money you have Read More »
A popular narrative argues the massive stimulus programs from the Federal Reserve, launched to counter a coronavirus-induced recession, could hyperinflate the economy and fuel a major rally in bitcoin. However, that bullish theory, which suggests the cryptocurrency would be viewed as a hedge asset in dire economic times, has been dealt a blow by recent …
A Key Thesis for Bitcoin’s Long-Term Bull Market Just Got a Knock Read More »
On 22 June, the President of the United States, Donald J. Trump, hinted that the second round of stimulus payments could be on its way as the U.S economy continues to recover from the pandemic-induced crash. After 27 March’s historic $2.2 trillion stimulus bill, many expected the 2nd stimulus check to have a positive impact …
Bitcoin’s price ‘unlikely’ to rise following 2nd stimulus payments Read More »
The world’s largest cryptocurrency by market cap as well as price, Bitcoin was found to be undervalued. Over the last couple of months, Bitcoin underwent impressive rallies accompanied by some severe downside market corrections. From its March 12 low of $3,800, the coin has surged by over 145%. Despite its growth, according to an on-chain …
Bitcoin’s cost basis metric signals ‘macro bullishness’ Read More »
The tensions that have spilled over into the streets of U.S. cities this week are a heartbreaking expression of a long-standing problem that has the whole world in its grip. Inequality is not specific to the U.S. Nor is it limited to a handful of relatively well-off geographies. It stratifies societies within borders, trapping the …
Bitcoin’s Quiet Progress Is Pointing Toward a Better Future Read More »
Bitcoin’s trading volume has been an immensely important metric for the world’s largest digital asset in 2020. A metric that is highly accurate in detecting a price bottom, the importance of the same was highlighted by TokenInsight’s Q1 2020 report, according to which, BTC’s trading volume rose by 80 percent since 2019’s last quarter. Source: …
Bitcoin’s 7-day average volume spikes after previous subdued levels Read More »
Frances Coppola, a CoinDesk columnist, is a freelance writer and speaker on banking, finance and economics. Her book “The Case for People’s Quantitative Easing,” explains how modern money creation and quantitative easing work, and advocates “helicopter money” to help economies out of recession. On May 11, block 630,000 on the Bitcoin network was mined. The rate …
Bitcoin’s Halving Is Nothing Like Quantitative Tightening Read More »