PlanB, the man behind the widely-referenced stock-to-flow Bitcoin (BTC) value charts, described exciting times ahead for the asset. “We’re four months after the halving, and it’s about to get very interesting,” anonymous Twitter analyst PlanB said in a Sept. 4 podcast interview with Peter McCormack. PlanB’s stock-to-flow, or S2F, model has tracked Bitcoin’s price activity in line with its halving events, finding rising prices following such events based on Bitcoin’s decreasing inflation rate via mining. The model predicts Bitcoin hitting near $288,000 per coin by the time its next halving arrives. Although PlanB…
Day: September 8, 2020
Xbox Series X Finally Gives Us a Price
Xbox Series X and S prices were leaked today, with the Series S price being confirmed by Microsoft. While the X’s price is unconfirmed, the suggested $499 price seems most likely considering the accuracy of the rest of the leak. Will a $499 price tag be competitive when Sony finally reveals the PS5’s price? We finally know how much the Xbox Series X and S will cost, and it’s not terrible news. While the stripped-down next-gen console will clock in at $299, the full experience will cost $499, the same…
Semantic debate may account for Wladimir van der Laan’s Bitcoin Core departure
On September 7, Bitcoin Core developer Wladimir van der Laan tweeted that he may be “done with coins” all together. He later confirmed to Cointelegraph that he was indeed taking a break from his duties as a Core developer and one of the custodians of the project’s Github repository. One of the factors that led him to this decision was a Twitter storm that lasted for days and was caused by the renaming of a variable that specifies a list of characters that cannot appear in filenames due to operating system…
Boosie Badazz Shouldn’t Get his IG Back
Rapper Boosie Badazz recently had his Instagram account taken away, allegedly for his sexual content. He went on Twitter and offered Mark Zuckerberg $100k to get it back. People with money shouldn’t be allowed to break the rules just because they have money. Boosie Badazz is eternally ‘on one.’ His latest drama revolves around his recently deactivated Instagram account. The general consensus is that it was the result of his overly sexual content. In August, he asked ‘Mark Zuckerberger’ to have his account reactivated: “I’m ready, Mark, I’m ready to…
Stock Market Meltdown Continues as Big Tech Extend Losses
Major U.S. stock indices fell for a third day as the tech sell-off continued. Jim Cramer says it’s not too late for new investors to take profits. The stock market is vulnerable to a 10-15% sell-off. The U.S. stock market fell for a third straight day on Tuesday as last week’s tech sell-off continued. Stocks open lower as Nasdaq nears correction level. Watch the video below: September has traditionally been a bad month for the stock market. This will likely hold this year. Mega-cap tech stocks extended their sharp plunge…
Bitcoin Adoption: Just Eat France Now Accepts BTC Payments in Over 15,000 Restaurants
Food delivery company Just Eat, which serves over 15,000 restaurants in France, now accepts payments in Bitcoin. This has been facilitated by US-based crypto payment processor BitPay. Covid-19 Has Accelerated Online Food Delivery and Crypto Home delivery services have experienced an unprecedented increase in demand in recent times due to lockdown restrictions brought about by the novel coronavirus. With the decline of cash usage, as well as the limited access to sit-in restaurants, more people have resorted to food delivery services like Just Eat. Speaking on the announcement, Gregory Raymond,…
Data Shows Whales Are Loading Up On Bitcoin, But Why?
Bitcoin price is falling and the market is already fearful of a repeat of Black Thursday. But if massive “high net worth” whales have anything to say about it, another such plummet is extremely improbable. Why? Because since that day, these same whales have amassed a substantial amount of the BTC supply. But what is the reason behind this sudden trend? Was it due to Bitcoin’s now-past halving, or is there something else going on behind the scenes, where high wealth individuals are buying it as an insurance policy against…
Bitcoin Mining Equipment Maker Canaan Sets $10M Buyback Program
The board of directors of bitcoin mining manufacturer Canaan approved a buyback program Monday for its lagging shares. Original
These 3 key indicators signalled Bitcoin price reached a $12K top
Last week’s Bitcoin (BTC) 11.4% drop might have seemed unexpected or entirely out of the norm. The truth is, the lack of a more substantial correction since the 50% drop that occurred on March 12 was the unusual part. Some analysts and investors have said that the current DeFi boom was an unmistakable sign of excessive optimism, as some newly launched tokens quickly reached $1 billion market capitalization. Yet, unlike the 2017 ICO frenzy where most projects weren’t even able to launch their mainnet, most current DeFi tokens already have…
Blockchain Bites: Is DeFi an Inside Deal?
A Lightning-based derivatives platform took in pre-seed capital, a new blockchain analyst will try to track down missing funds from the defunct QuadrigaCX exchange and CoinDesk looks at how retail interest in DeFi compares to the infamous ICO bubble. Top shelf DeFi interest?Retail interest in decentralized finance (DeFi) applications remains quite low compared to the initial coin offering (ICO) bubble, measured by Google search queries, CoinDesk’s Omkar Godbole reports. Indexed to the peak of searches for “ICO,” searches on Google Trends for the word “DeFi” currently return a value of 18, indicating the…