As Bitcoin continues its boring summer range between $30k and $34k, attention turns to the upcoming release of locked shares (16,240) in the Grayscale Bitcoin Trust, also known as GBTC. On 17 July, early investors in the company (which back in 2020 was one of the only ways institutions could get their hands on Bitcoin […]
Two opposing views on the future of Bitcoin, which has been ranging between $30,000 and $35,000 for several weeks now and is thus due either a move up or down when this range ends, are in the news nowadays. On the one hand we have a bullish outcome, on the other a bearish one. Who […]
When Democrat Eric Adams claimed that New York would become the center of Bitcoin and would thus rival Miami, where mayor Suarez earlier this year organized a very well attended crypto conference, he wasn’t kidding. Now that Adams has won the Democratic primary for the mayoral position of the US’s biggest city, the first changes are […]
A few months ago, I remember reading about how Facebook would, according to sources, soon announce that they had converted part of their dollar stash on hand into Bitcoin, not wanting to miss out on the bull run of the first quarter of this year. It never materialized even though at a certain point Mark […]
Bitcoin stays in its by now boring range between $30k and $35k, where some analysts now foresee it trading until the end of the summer. If it does, it is yet another sign that institutional investors have taken over a large share of the power of the world’s biggest cryptocurrency and that they’ve decided the […]
The NASDAQ and Dow stock markets took hits (after European markets suffered one of the worst days of 2021) as the Chinese communist party apparatchiks are now going after tech companies as well. Meanwhile the spread of the Delta-variant has investors worried and in the cryptosphere there is a renewed threat of regulation.Both labor shortages […]
Wall Street analysts reacted with surprise and disdain at the beginning of the year when Tesla CEO Elon Musk announced that his car company (the man has a few firms in his portfolio) was investing into Bitcoin directly. By end of March and certainly in April when Bitcoin hit $60k, Musk was hailed as a […]
The tectonic shift in mining hash power of Bitcoin has gone up to party level for the remaining miners (aka those in Canada, the US and Russia mainly). With some 50% of global miners now offline (China), those who remain are now seeing profitability rise to levels last seen back in April.Half of the networkAnalytics […]
Bitcoin, which had earlier this week cracked the $35k limit again, was on the defensive after China doubled down on it’s anti-crypto stance, warning institutions in the Middle Kingdom against even doing so much as providing services to any crypto-related companies. Meanwhile Bitcoin mining equipment can be seen, stacked and unused, in many Chinese warehouses, as […]
Last summer, DeFi (Decentralized Finance) burst out into the cryptosphere and surprised many when tokens like Chainlink and Sushi went on uncontrollable bullruns. By the end of August, the Chef Nomi scandal (also known as the SushiSwap Saga) took a lot of DeFi’s shine and it would last until well into the 2020-2021 Bitcoin bull run before […]
