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Here's Brian Brooks's take on Bitcoin and the 'real drivers of growth'

Here’s Brian Brooks’s take on Bitcoin and the ‘real drivers of growth’

Cryptocurrency prices have finally recovered slightly after noting a slump in the first few days of 2022. In fact, the past week saw Bitcoin’s price drop to as low as $39,692. Thanks to the said recovery, some of the positive sentiment seems to be seeping in again. While predicting long-term positivity in an interview with …

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Here's why the market will be the ultimate decision-maker for Bitcoin's future

Here’s why the market will be the ultimate decision-maker for Bitcoin’s future

“I think Bitcoin is the first real global money of integrity” according to Okcoin CEO Hong Fang. In a recent interview, she said if “Bitcoin can succeed at the monetary level of achieving a decentralized and censorship-resistant network of money,” there’s hope for other projects as well. She added, “That includes a lot of layer …

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Investing in Ethereum is safe, but here’s why you should not do it

Investing in Ethereum is safe, but here’s why you should not do it

Although the entire market has been facing a downtrend along with Ethereum, the altcoin king holders have surprisingly been in a better position when compared to other coins in the market. Ethereum investors are safe? Indeed they are. The reason behind this is Ethereum’s quick recovery post a price fall. Other altcoins usually fail to …

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Ether miners enjoyed more profits this year than Bitcoin miners. Here's why

Ether miners enjoyed more profits this year than Bitcoin miners. Here’s why

At first glance, one might think Bitcoin miners had an enriching year overall. However, a new weekly update report by Arcane Research claims that another set of miners enjoyed a more profitable year. The little miner that could In spite of complaints about high gas fees, Ether miners in 2021 earned over $3 billion more …

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A Bitcoin ETF is about to launch. Here’s what you need to know

A Bitcoin ETF is about to launch. Here’s what you need to know

This Tuesday, the first U.S. bitcoin exchange-traded fund (ETF) is set to be launched, ending around six years of demand and anticipation. Assuming nothing goes wrong, ProShares’ ETF will begin trading on NYSE Arca under the ticker $BITO. But it’s not entirely straightforward. This ETF will focus on bitcoin futures as opposed to holding spot …

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Bitcoin: Here's the 'ticking time bomb' traders should be aware of 

Bitcoin: Here’s the ‘ticking time bomb’ traders should be aware of 

Despite Bitcoin oscillating around the $40,000-mark over the last 48 hours, the outflow of BTC from exchanges continued its downward trend. Over the week, exchange balances have continued to decline to hit a new multi-year low of 13.0% of circulating supply. This pushes exchange balances to levels last seen in February 2018.  While the aforementioned …

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Chainlink and Uniswap - Here's the caveat to these '$30 altcoins'

Chainlink and Uniswap – Here’s the caveat to these ‘$30 altcoins’

Investors primarily favor Bitcoin and Ethereum. Always have and perhaps, always will. However, of late, some of that interest has been moving into the market’s altcoins. And for that very reason, this pair of altcoins appears to be a hot choice for investment. Both Chainlink and Uniswap recently registered some very important local highs, making …

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Litecoin may be 'losing relevancy,' but here's why all's not lost

Litecoin may be ‘losing relevancy,’ but here’s why all’s not lost

Litecoin has had a pretty decent and rather unexpected run since 22 July. The altcoin has recorded mostly green candles on its daily chart since then. However, LTC’s northbound movement has been hindered by a downturn, with its price depreciating by over 10% in three days alone. Despite these losses, however, good news seemed to …

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Here’s how Compound and Aave are now targeting institutional investors

Here’s how Compound and Aave are now targeting institutional investors

Quick Take Decentralized Finance has typically been too unregulated or complex for institutional investors. But some DeFi firms are now trying to offer products aimed specifically at institutions. Here are the key details for the two biggest offerings: Aave and Compound. This feature story is available to subscribers of The Block Daily. You can continue …

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Unsealed DOJ documents say alleged money launderers tried to bribe U.S. officials using Tether

Tether’s supply hasn’t grown since the start of June. Here’s why

The supply of the stablecoin Tether (USDT) has been flat since the beginning of this month, according to The Block’s Data Dashboard. From June 1 to June 17, USDT’s supply has remained at $64.25 billion. No growth in USDT suggests that there is currently no demand for the stablecoin in the market and there is …

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