Day: January 6, 2021

Financial analyst agrees Bitcoin could be ‘rat poison,’ but not in the way you think

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Famous investor and Berkshire Hathaway CEO Warren Buffet called Bitcoin “probably rat poison squared” back in 2018. In his 2020 fourth-quarter market letter, financial analyst Bill Miller agreed with Buffett’s description of the asset — but not without his own addendum. “Warren Buffett famously called bitcoin ‘rat poison,’” Miller said in his Saturday letter, adding: “He may well be right. Bitcoin could be rat poison, and the rat could be cash.” Miller started his letter by explaining how each new year often paves the way for various financial predictions. Financial expectations and…

WATCH THIS VIDEO IN 48 HOURS!!! – Bitcoin About To REVERSE!!!!? – Bitcoin Price Analysis

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Welcome to Team Underground, I (Thomas) do weekly BTC price analysis on YouTube. I’ve been full time trading bitcoin for over a year now and I’ve decided to share some of my analysis on YouTube. 📺Bybit tutorial: 💲[NEW] Team Underground Trading Chat: (Free for anyone) SIGN UP ON BYBIT:👉 (I make a commission from the link above.) Keep in mind trading is extremely high risk and can lose to significant loses. Do your own research before you decide to trade. 0:00 Intro…

On-Chain Data Shows Bitcoin Rally Has Yet to Enter “Overheated” Territory

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Bitcoin’s rally has been heating up as of late, with bulls taking full control of its price action as they sent its price rocketing past its previous all-time highs overnight This rally didn’t last for too long, as an influx of selling pressure around $36,000 slowed its ascent and caused it to reel towards $34,000 It has been consolidating around this price level ever since, and it remains unclear as to whether it will see an extended consolidation phase here or if it will regain its momentum One on-chain analyst…

COVID-19 vaccination records stored on VeChain as use cases grow

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The Mediterranean Hospital of Cyprus, one of the country’s largest private health facilities, is storing its COVID-19 vaccination records on VeChain — offering another compelling use case for the supply chain logistics platform.  As of Monday, 100 doctors and personnel had received their first dose of the COVID-19 vaccine, the hospital said in a news release. The vaccinated personnel also received a digital certificate on their E-HCert App, an electronic wallet for lab results based on the VeChain Thor blockchain. The digital certificates are “another step towards digital transformation of the…

Data says only 22% of Bitcoin supply left in circulation as BTC rally ‘far from done’

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Bitcoin (BTC) investors are quickly storing most of the available coins away, and they are not for sale, new data at the start of 2021 reveals. Statistics from on-chain analytics resource Glassnode originally released on Dec. 29, 2020 confirm that almost 80% of the Bitcoin supply is illiquid. 78% of BTC supply illiquid The changes in the composition of the Bitcoin market have become well known. As new all-time highs above $35,000 emerge, so too has a narrative that weak hands are selling their holdings to strong hands and institutions…

Bitcoin News Roundup for Jan. 6, 2021

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With BTC topping $35K and JPMorgan predicting even higher long-term gains for the cryptocurrency, CoinDesk’s Market’s Daily is back with the latest crypto news roundup. Add Markets Daily to your Alexa Flash Briefing here. This episode is sponsored by Nexo.io and this week’s special product launch: Stacks.co Today’s stories: Bitcoin bulls pushed the leading crypto to fresh all-time highs above $35,000 Tuesday night. Miller riffs on Warren Buffett’s comment that cryptocurrency is “probably rat poison squared.” Bitcoin is increasingly competing with gold as an investment asset and has scope for…

Bitcoin Lightning Startup Zap Goes Global, Adds Stablecoins

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Bitcoin’s Lightning Network is bringing fiat to every corner of the world, thanks to Visa-partnered startup Zap Inc. Strike – the Chicago-based startup’s Bitcoin wallet and banking service – is rolling out native support for the euro, pound and Swiss franc, soon to be followed by the Australian and Canadian dollar after partnering with cryptocurrency exchange Bittrex Global, according to Zap founder Jack Mallers in a phone interview with CoinDesk.  Described by Mallers, as a “Bitcoin neo-bank,” Strike leverages the Bitcoin network and scaling technology the Lightning Network to move…

Wrapped Bitcoin Goes Live on the TRON Network

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Bitcoin has made it to TRON. Thanks to the efforts of BitGo, which partnered with TRON last year to implement the integration, WBTC has now launched on TRON. This means that BTC, or its wrapped equivalent, can now be traded as a tokenized asset within the TRON ecosystem. In addition, BitGo has launched WETH on TRON, meaning that the native assets of the two largest cryptocurrencies are now live on the network founded by Justin Sun. The arrival of WBTC is a big deal for TRON, whose defi credentials have…