Tag: Bitcoins

Microstrategy Buys More Bitcoin After SEC Says BTC Is a Commodity — Company Now Hodls 129,699 Bitcoins – Featured Bitcoin News

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Microstrategy has purchased more bitcoin amid a heavy market sell-off. The announcement followed a clarification by the chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, stating that bitcoin is a commodity. Microstrategy Buys the Dip The Nasdaq-listed software company Microstrategy has bought the bitcoin dip again. In a Wednesday filing with the U.S. Securities and Exchange Commission (SEC), the company declared that during the period between May 3 and June 28, it “acquired approximately 480 bitcoins for approximately $10.0 million in cash, at an average price of…

Glassnode Report Says Bitcoin’s 2022 Price Drop Represents a Bear Market of ‘Historic Proportions’ – Bitcoin News

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The crypto economy has slipped under the $1 trillion mark to the $970 billion range, as a large number of digital currencies have lost more than half their USD worth since November 2021. Bitcoin is down 70% from the all-time high last year, and a new report from Glassnode Insights calls the current bear market “a bear of historic proportions,” while highlighting that “it can reasonably be argued that 2022 is the most significant bear market in digital asset history.” Glassnode Researchers: ‘Bitcoin Is Currently Experiencing the Largest Capital Outflow…

"BITCOIN, CRYPTO-வில் இப்படித்தான் INVEST பண்ணனும்!" BLOCKCHAIN, DATA ANALYST EXPERT பேட்டி

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io தற்போது நிதி துறையில் புதிய முதலீடாக உருவெடுத்திருக்கும் BITCOIN, Blockchain Technology, Data Analyst போன்றவை குறித்த பல்வேறு சந்தேகங்களுக்கு விளக்கம் தருகிறார் BitsCrunch GmbH CEO Vijay #bitcoin #cryptocurrency #blockchain #investment #finance ——————– About Vijay Pravin Maharajan: Vijay is the Founder & CEO of bitsCrunch GmbH, a Blockchain Analytics company which is focusing on securing the NFT ecosystem. He has previously worked with Siemens, Volkswagen AG, and Telefónica GmbH in Germany before founding bitsCrunch. He holds a masters degree from Technical University of Munich (TUM) Germany. He is…

Bitcoin’s bottom might not be in, but miners say it ‘has always made gains over any 4-year period’

Your favorite trader is saying Bitcoin (BTC) bottomed. At the same time, the top on-chain indicators and analysts are citing the current price range as a “generational buy” opportunity. Meanwhile, various crypto and finance media recently reported that Bitcoin miners sending a mass of coins to exchanges are a sign that $17,600 was the capitulation move that pins the market bottom.  There’s so much assurity from various anon and doxed analysts on Crypto Twitter, yet Bitcoin price is still in a clear downtrend, and the metrics don’t fully reflect that…

Bitcoin’s short-term price prospects slightly improved, but most traders are far from optimistic

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A mild sense of hope emerged among Bitcoin (BTC) investors after the June 18 drop to $17,600 becomes more distant and an early ascending pattern points toward $21,000 in the short-term. Bitcoin 12-hour USD price at FTX. Source: TradingView Recent negative remarks from lawmakers continued to curb investor optimism. In an interview with Cointelegraph, Swiss National Bank (SNB) deputy head Thomas Muser said that the decentralized finance (DeFi) ecosystem would cease to exist if current financial regulations are implemented in the crypto industry. An article published in “The People’s Daily”…

A String of 200 ‘Sleeping Bitcoins’ From 2010 Worth $4.27 Million Moved on Friday – Bitcoin News

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While the price of bitcoin is holding above the $21K per unit range, four bitcoin block rewards mined in 2010 were spent for the first time in over 11 years. The four block rewards were mined between September and October 2010 and the 200 bitcoin worth $4.27 million were transferred to an unknown wallet. 4 Consecutive Block Rewards Spent on June 24, Data Suggests Spends Were Executed by a Single Entity A large number of so-called ‘sleeping bitcoins’ have awoken from slumber as four block rewards were spent at block…

Chinese State-Run Media Warns About Bitcoin’s Price Falling to Zero as Regulators Issue Fresh Crypto Warning – Featured Bitcoin News

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A Chinese state-run newspaper has published an article warning about bitcoin’s price falling to zero amid the crypto market sell-off. Meanwhile, financial regulators in Shenzhen have issued a new warning about cryptocurrency. State-Run Newspaper Warns About Bitcoin Becoming Worthless China’s state-run newspaper Economic Daily published an article warning about bitcoin Wednesday, according to SCMP. The nationwide newspaper is directly under the control of the Central Committee of the ruling Chinese Communist Party. The article warned that investors should beware of the risk of bitcoin prices “heading to zero” amid the…

Bitcoin Miner Liquidations Threaten Bitcoin’s Recovery

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Bitcoin mining profitability has been dropping along with the market decline. The cash flow from the mining rigs has become increasingly stunted over time, causing bitcoin miners to begin selling their holdings to cover the cost of their operations. But even as this rages on, there is a bigger issue that could threaten the recovery that BTC has made so far, which is the fact that larger miners may be forced to liquidate their holdings. Bitcoin Miners Can’t Meet Up Usually, bitcoin miners are known for holding the coins that…

Is there a way for the crypto sector to avoid Bitcoin’s halving-related bear markets?

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There is good reason to be afraid. Previous down markets have seen declines in excess of 80%. While tightfisted hodling might hold wisdom among many Bitcoin (BTC) maximalists, speculators in altcoins know that diamond handing can mean near (or total) annihilation.  Regardless of one’s investment philosophy, in risk-off environments, participation flees the space with haste. The purest among us might see a silver lining as the devastation clears the forest floor of weeds, leaving room for the strongest projects to flourish. Though, doubtlessly, there are many saplings lost who would…

Bitcoin’s Stock To Flow Model is Really Not Looking Good, Says Ethereum’s Vitalik Buterin

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Summary: Ethereum’s Vitalik Buterin has criticized Bitcoin’s stock-to-flow model by PlanB. Vitalik explains that the stock-to-flow model is not looking good, and financial models that give people false hope deserve all the mockery they get. Mr. Buterin also asked the crypto community to remember all who supported the Bitcoins stock-to-flow model and those who mocked it back when it looked accurate. Ethereum’s co-founder, Vitalik Buterin, has criticized the longstanding Bitcoin stock-to-flow model introduced by PlanB in mid-2019. Financial Models That Give False Certainty are Harmful, Deserve all the Mockery They…