Tag: BTC

Jack Dorsey’s Block commits to build an ‘open’ bitcoin mining ecosystem

Jack Dorsey’s Block commits to build an ‘open’ bitcoin mining ecosystem

Block, the payments-focused company formerly known as Square, is officially throwing its hat into the bitcoin mining game. Dorsey initially teased such a move last fall, highlighting a possible bid “based on custom silicon and open source for individuals and businesses worldwide.” Now, statements from Block executives as well as recent job postings offer more […]

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Bitcoin ETF Launch Hype Fades as Funds Slip in Value, BTC Futures Open Interest Down 38% in 2 Months

Bitcoin ETF Launch Hype Fades as Funds Slip in Value, BTC Futures Open Interest Down 38% in 2 Months

Following the charged-up debut of the Proshares bitcoin exchange-traded fund (ETF), Valkyrie’s bitcoin futures ETF and the Vaneck bitcoin strategy ETF, interest in these types of funds seems to have faded a great deal. After the Proshares bitcoin ETF BITO reached an all-time high on November 10, the ETF is down 39% over the last […]

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Analyst highlights Key Bullish Catalyst for Bitcoin this Year

Bitcoin still has a lot of bullish catalysts in 2022 that will drive up its adoption and prices according to Peter Johnson, a partner at venture capital firm, Jump Capital. Peter Johnson’s major bullish catalysts for Bitcoin in 2022. Speaking with CNBC, Peter Johnson, who leads Jump Capital’s crypto and fintech investment arm stated that […]

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Bitcoin’s Estimated Leverage Ratio now at new ATH, Here’s what it Means for Investors

Bitcoin is experiencing a market cascade that has seen prices drop down to below $42,000. Bitcoin derivatives liquidations have been massive in the past few days. According to data from Coinglass, more than $500 million worth of Bitcoin liquidations has occurred in the last 3 days. Despite the massive liquidations, data suggests that more investors […]

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Bitcoin (BTC) whales continue to increase their holdings amid market bloodbath

Bitcoin (BTC) price tumbled below $42,000 to record a new four-month low. The market sentiments have turned red as retail buyer seems to be panic selling. Market analysts have predicted a price bottom at around the $40K mark, but that hasn’t deterred whales from accumulating more Bitcoin amid the market blood bath. BTC made a […]

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Crypto Liquidations in the last 2 hours cross $174 million; is it over for Bitcoin (BTC) bulls?

Bitcoin has officially entered into a bear market. Indicative of this is the massive crypto market liquidations that have been occurring over the last three days. In the last 24 hours, there has been over $900 million worth of crypto market liquidations according to data from crypto analytics platform Coinglass. Close to 80% of the […]

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Steve Hanke pokes at President Nayib Bukele for gambling in Bitcoin, while El Salvador’s debt rises

Bitcoin’s price falling as much as it has in the past few days is putting pressure on El Salvador. El Salvador’s dollar-denominated bonds have been falling in free fall for the past few months. The country’s president, Nayib Bukele, hopes to change its economic reality by issuing Bitcoin denominated bonds. However, Steve Hanke, a professor […]

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Mozilla ‘Pauses the Ability to Donate Crypto’ After Complaints and ‘Environmental Impact’ Considerations

Mozilla ‘Pauses the Ability to Donate Crypto’ After Complaints and ‘Environmental Impact’ Considerations

On December 31, the software community founded in 1998, Mozilla, announced it was accepting crypto-asset donations via Bitpay. However, shortly after the announcement, a number of people complained about the decision the company made. A week later, Mozilla has announced it is backing away from digital currency acceptance for now and has “paused the ability […]

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Interest in Bitcoin and Ethereum Slides According to Google Trends Data, NFT Queries Skyrocket

Interest in Bitcoin and Ethereum Slides According to Google Trends Data, NFT Queries Skyrocket

While bitcoin, non-fungible token (NFT) assets, ethereum, and cryptocurrencies had an incredible year in 2021, none of the trends made it into Google’s “Year in Search” review. Currently, interest in bitcoin, in terms of Google searches has dropped considerably since the week of May 16th through the 22nd of last year. Search trends for the […]

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Bitcoin Dominance Sinks to Lowest Level in 3 Years as Ethereum, Numerous Competitors Gain on BTC

Bitcoin Dominance Sinks to Lowest Level in 3 Years as Ethereum, Numerous Competitors Gain on BTC

Bitcoin dominance has dropped to the lowest level in just over three and a half years since June 3, 2018, at 37%. Last year, at the end of March, bitcoin dominance hovered just above the 60% zone but since then, numerous digital asset market caps have swelled in value and gathered prominence in the market […]

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