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Day: July 12, 2022
Bitcoin LTHs Who Bought During 2017-2020 Aren’t Selling Yet
Data from Glassnode shows the recent selling from Bitcoin long-term holders has come from those who bought at more recent prices, and not the hodlers who got in during the 2017-2020 cycle. Bitcoin Long-Term Holders Have Been Selling At An Average Loss Of 33% As per the latest weekly report from Glassnode, the BTC long-term holder SOPR has had a value of less than one during recent weeks. The “spent output profit ratio” is an indicator that tells us whether Bitcoin investors are selling at a profit or at a…
How I Became a Bitcoin Developer Fresh Out of High School
Despite the current bear market, Brozzoni remains optimistic about Bitcoin’s future. She expresses confidence in Bitcoin’s “antifragility,” a word (ironically) coined by Nassim Taleb, one of Bitcoin’s harshest critics. An antifragile entity is one that not only survives adversity, but thrives on it. In his book, “Antifragile: Things That Gain From Disorder,” Taleb uses the Hydra, a lake-dwelling Greek mythological creature, to illustrate the concept of antifragility. The Hydra has numerous heads, and each time one is cut off two grow back. Original
A16z, Variant Lead $18M Round for Lending Protocol Morpho Labs
The protocol enhances existing lending protocols like Compound and Aave with peer-to-peer liquidity. Source
BlockFi Has Stopped Accepting GBTC as Collateral: Report
The company’s exposure to the Grayscale Trust is now minimal, says CEO Zac Prince. Source
Picpay to Offer Cryptocurrency Services in Brazil to More Than 60 Million Customers – News Bitcoin News
Picpay, one of the most popular payments fintech companies in Brazil, has announced that it will start including cryptocurrency services in its app. The company explained that these services will include the possibility of purchasing crypto and processing payments with crypto directly. Picpay follows the actions of companies like Nubank and Mercado Libre, which have also started offering crypto services recently. Picpay to Allow Customers to Use Crypto From App More fintech-based companies are now approaching crypto as a way of extending their service offering for their customers.…
Uniswap Reports Phishing Scam, As UNI Records 10% Profit In 7 days
Uniswap (UNI) has been moving against the general sentiment in the market. As Bitcoin, Ethereum, and larger cryptocurrencies give out their last week’s gains, UNI’s price remains impervious and maintains bullish momentum. Related Reading | TA: Ethereum Breakdown Looks like the Real Deal, $1K Is The Key At the time of writing, Uniswap (UNI) trades at $5.7% and records a 10% profit in the past 7 days and a 32% profit over the last month. In smaller timeframes, UNI’s price has begun to weaken as it displays a 3% loss in…
Uniswap Reports Phishing Scam, As UNI Records 10% Profit In 24 Hours
Uniswap (UNI) has been moving against the general sentiment in the market. As Bitcoin, Ethereum, and larger cryptocurrencies give out their last week’s gains, UNI’s price remains impervious and maintains bullish momentum. Related Reading | TA: Ethereum Breakdown Looks like the Real Deal, $1K Is The Key At the time of writing, Uniswap (UNI) trades at $5.7% and records a 10% profit in the past 7 days and a 32% profit over the last month. In smaller timeframes, UNI’s price has begun to weaken as it displays a 3% loss in…
3 key metrics suggest Bitcoin and the wider crypto market have further to fall
The total crypto market capitalization has fluctuated in a 17% range in the $840 billion to $980 billion zone for the past 28 days. The price movement is relatively tight considering the extreme uncertainties surrounding the recent market sell-off catalysts and the controversy surrounding Three Arrows Capital. Total crypto market cap, USD billion. Source: TradingView From July 4 to 11, Bitcoin (BTC) gained a modest 1.8% while Ether (ETH) price stood flat. More importantly, the total crypto market is down 50% in just three months, which means traders are giving…
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