Bitcoin News

  • Interpretation: Why is Bitcoin called “Gold 2.0”?

    Since its debut in 2009, BTC has attracted a dynamic core of supporters bullish on its prospect of disrupting gold as a store of value and investment vehicle. The claim that Bitcoin is “digital gold” has been widely circulated among crypto enthusiasts, who have witnessed Bitcoin’s rapid growth and increasing adoption in recent years. BTC surpasses gold For centuries, gold has been viewed as a trusted tool, ideal as a store of value. However, the precious metal is facing competition from Bitcoin (BTC), the world’s most valuable and longest-lived cryptoasset. The invention…

    News 2022-06-17
  • Bear market topic: blue-chip NFT trend in the current market

    The most valuable and promising blue-chip NFTs in the market generally fell rapidly in the past week. A bear market is coming Recently, the Federal Reserve has raised interest rates one after another, flash crashes have occurred in LUNA and Celsius, and events such as the correlation between supervision and the stock market and securities market have led to large fluctuations in various assets in the market. The most valuable and promising blue-chip NFTs in the market generally fell rapidly in the past week. As the NFT market is mainly priced…

    2022-06-17 Metaverse & NFT News
  • Three Indicators That Bitcoin Price Plunge Isn’t Over

    $20,000 is scary, but it may not be the end of Bitcoin’s latest bear market. Bitcoin’s price near $20,000 worries markets, but after narrowly avoiding a break below support, is the worst really over? Judging by multiple on-chain metrics, it seems that this cycle has not yet ushered in the greatest pain. The stakes are high for many bitcoin holders this week — nearly 50% of the bitcoin supply is in the red, and miners are sending more bitcoin to exchanges. Even some of the biggest bitcoin investors, notably MicroStrategy,…

    News 2022-06-16
  • The Mystery of Three Arrows Capital

    Three Arrows Capital is at the center of the puzzle, and rumors continue. On June 15, ZhuSu, founder of Three Arrows Capital, tweeted that we are communicating with relevant parties and are committed to solving the problem. What is the problem solved? The block said that the total liquidation limit of Three Arrows Capital on lending platforms such as Deribit and BlockFi is as high as 400 million US dollars. Three Arrows is currently working on its relationship with lenders and other counterparties. And with the fermentation of these news content,…

    News 2022-06-15
  • The hardest lesson in the crypto market: don’t take a moment for eternity

    no other way The haze of inflation haunts every mainstream country in the world. The Russian-Ukrainian war, the epidemic, and the interruption of the global supply chain… It is undeniable that under the wave of globalization in the past two decades, no country can live happily alone. The large amount of oil and natural gas from Russia, the high-quality and cheap industrial products from China, and the grain produced by Ukraine as the “granary of Europe”… These daily necessities that were readily available in the past have all been interrupted…

    2022-06-15 News
  • Blocktower founder: Bitcoin is the ‘Amazon of crypto’, everything else is a bet

    Ari Paul, founder of blockchain investment firm Blocktower Capital, gave his take on this bear market, comparing the current situation to the tech stock crash of 2000. Paul likened Bitcoin to Amazon, one of the companies that survived the market crash. Paul pointed out on Twitter that while there are some “medium” offerings in the cryptocurrency market, many improvements must be made to become mainstream. Paul also believes that adoption is “five years later” than many had hoped. The executive also emphasized that during a bull market, Solana’s network outages, Ethereum ’s scaling delays, Bitcoin’s security…

    Bitcoin News 2022-06-15
  • Babel Finance: A comparative study on the performance of the stock market and Bitcoin before and after the Fed raises interest rates

    We have witnessed incredible growth in the crypto market during the pandemic, while also observing a very strong correlation between cryptocurrencies and traditional risk assets. Since May 2020, Bitcoin’s movement has been highly correlated with S&P 500 volatility at the 120-day and 240-day levels. At the shorter level, Bitcoin’s 30-day correlation with the S&P 500 hit nearly 0.8 on May 6, 2022, the highest level since July 2017. With U.S. inflation hitting a 40-year high of 8.6% in May due to coronavirus lockdowns, rising energy prices and broader price pressures, the Federal Reserve…

    2022-06-15 Bitcoin News
  • Buying 1 Bitcoin at a big dive high is equal to losing 1 Tesla

    Proponents of cryptocurrencies have long touted that cryptocurrencies can be used to hedge against various “uncertainties.” However, in the context of the Fed raising interest rates, the appreciation of the dollar has increased the pressure on the depreciation of risk assets. According to data from cryptocurrency data provider coinmarketcap, on the 14th, Bitcoin fell below the $21,000 mark, with a minimum drop of $20,950, the lowest level since December 2020, and the latest price is $21,598; Ethereum fell to a minimum of $21,598. $1164, the lowest in January 2021. Bitcoin is now…

    2022-06-15 Bitcoin News
  • Doubts : Can MicroStrategy, the Bitcoin beacon, survive the bear market?

    Currently, MicroStrategy has the following debts: Convertible senior notes due December 15, 2025 valued at $650 million, comprising $550 million in convertible notes and $100 million in options. Among them, the coupon rate of the convertible bonds is 0.750%, the interest is paid semi-annually, and the conversion price is US$397.99 per share. Convertible senior notes due December 15, 2027 valued at $1.05 billion, consisting of $900 million in convertible notes and $150 million in options. Among them, the convertible bonds do not bear interest, and the conversion price is US$1,432.46 per share….

    Bitcoin News 2022-06-15
  • Will Bitcoin fall below the holding costs of big institutions and will the “crypto Lehman moment” happen?

    On June 13, Celsius, the crypto-borrowing agency, announced that it would suspend operations such as withdrawals, and then its related addresses accumulated more than 6,000 WBTC in MakerDAO in just two days, reducing the liquidation line for Bitcoin borrowing positions all the way down to $16,852. At the same time, the price of Bitcoin, which has already fallen sharply below $30,000, also broke through the cost line of many large institutions holding Bitcoin, and even approached the previous bull market high of $200 million. Will the downturn in Bitcoin price caused…

    2022-06-15 Bitcoin News
  • Bitcoin plummets, the micro-strategy company “mistakes”

    This week, the crypto asset market encountered a “waterfall”, with Bitcoin (BTC) once falling from above $28,000 to $20,845, a drop of more than 20%. The total global crypto asset market capitalization subsequently fell below $1 trillion for the first time since January 2021. BTC took the lead in “diving”, and the institutions that created the last round of the crypto asset market bull market ushered in a loss-making moment. According to statistics, after the slump, the price of BTC was lower than the holding cost of MicroStrategy, a US-listed company for…

    Bitcoin News 2022-06-14
  • Crypto Nova Fallen Under Crypto Winter

    Investor sentiment took another hit as investors worried that the Federal Reserve could raise interest rates more to curb inflation. Bitcoin continued its decline today, falling as much as 6.5% in the morning, hitting its lowest level since December 2020. Additionally, a range of other mainstream coins, from Ethereum to Avalanche, saw heavy losses. Investor sentiment toward the entire crypto market is very bad these days. Today, Edward Moya, senior market analyst at Oanda, said that if Bitcoin fell below $20,000, it could lead to even worse price action… The crypto market in the…

    2022-06-14 News
  • Bitcoin’s downtrend continues MicroStrategy, Tesla is the most injured

    At 9:55 on June 14, Beijing time, Bitcoin fell below $210 million. Cryptocurrencies continued to fall, affecting companies with large holdings of Bitcoin. According to MicroStrategy’s public trading data, MicroStrategy and physical currency currently hold 129,218 bitcoins, with an average purchase price of $30,700. At the current price of the relevant bitcoin (around $21,000), its unrealized losses on paper have reached $1.253 billion. MicroStrategy’s U.S. stock market closed down about 25% on Monday at $152.15. Since MicroStrategy founder and CEO Michael Saylor started adding bitcoin to the company’s balance sheet in August 2020…

    2022-06-14
  • BTC’s lowest weekly close since December 2020 5 things to watch with Bitcoin this week

    Bitcoin is down 12% in 24 hours, and holders are in the throes of a fresh altcoin crash coupled with macro pressures. Bitcoin (BTC) started the new week with a completely different feeling, with BTC/USD posting its lowest weekly close since December 2020. As of June 13’s drop, Bitcoin is now approaching a 10-month low from May. The weakness in cryptocurrencies takes little guesswork — shocking inflation data from the U.S. last week set off a ripple effect in risk assets, and low liquidity over the weekend appears to have exacerbated…

    2022-06-13 Bitcoin News
  • Will there be a bull market after the last spree of Consensus?

    On June 12, the “Consensus 2022” conference hosted by CoinDesk officially came to an end in Austin, Texas. After the annual Miami Bitcoin Conference, Consensus became the last large-scale offline carnival of the blockchain industry. Started at the Consensus conference in 2015, because Bitcoin has achieved a large increase before and during the Consensus conferences in 2015, 2016, 2017, 2019, 2020 and 2021, it was once called the “wind vane of the encryption industry”. Unfortunately, when tens of thousands of blockchain practitioners from all over the world gathered in Austin to…

    News 2022-06-13
  • BTC fell more than 62% from its historical high, and most NFT investors did not profit

    With the Consensus 2022 conference in full swing, the crypto markets continued to experience a downtrend this weekend. Various encryption indicators down Data shows that BTC fell below $26,000 and is now at $25,670. It has fallen more than 62% from the all-time high of $69,020 in November 2021. With the decline of the broader market, the performance of various encrypted indexes is not satisfactory. Data shows that the current average daily income of Bitcoin miners has dropped by 56%, and the mining market is still at a low level. Due to the unsatisfactory income of miners,…

    Bitcoin News 2022-06-12
  • ADAM, the horn of the advent of the Web3.0 era, starts the battle for data confirmation on the chain

    Since the birth of blockchain 1.0 represented by Bitcoin, blockchain technology has gained widespread attention and accumulated a large amount of user transaction data. The birth of blockchain 2.0 represented by Ethereum has enriched the data types of blockchain. The popularity of blockchain technology has increased the demand for visual analysis of data on the chain. The open nature of blockchain data provides a wide range of data sources for the analysis and calculation of encrypted data on the chain. Data is a valuable strategic resource, and the development of…

    News 2022-06-12
  • Coinbase: An analysis of the internal reasons for the current round of “from bulls to bears” in the crypto market

    The financial market is essentially a giant information processing machine as it influences the decisions of millions of individual buyers and sellers. Or as Benjamin Graham put it – “In the short term, the market is a voting machine.” As of June 2022, the U.S. stock market has fallen about 20%, and about $10 trillion has evaporated, yet for U.S. stockholders For now, the sell-off doesn’t appear to have reached an all-time low, which means the severity is likely to intensify further. Meanwhile, the cryptocurrency has fallen by nearly 60%, or…

    2022-06-10 News
  • How “untrustworthy” is Bitcoin?

    Cryptocurrencies are said to be egalitarian, decentralized, and almost anonymous. However, scientists have found that this is not the case. Alyssa Blackburn, a data scientist at Rice University and Baylor College of Medicine in Houston, spent several years conducting digital reconnaissance work with her trusted lab assistant, Hail Mary, a black computer with an orange border. She has been collecting and analyzing leaks from the Bitcoin blockchain, an immutable public ledger that records all transactions since Bitcoin’s launch in January 2009. Bitcoin represents a techno-utopian dream. Its pseudonymous inventor, Satoshi Nakamoto, proposed that…

    Bitcoin News 2022-06-08
  • Highlights of the latest U.S. cryptocurrency bill: classified regulation encourages bitcoin payments

    Bipartisan Bitcoin legislation from Cynthia Lummis (R-WY) of the Senate Banking Committee and Kirsten Gillibrand (D-NY) of the Senate Agriculture Committee finally rolled out just months after the bill was announced. The Responsible Financial Innovation Act, also known as the Lummis-Gillibrand Act, aims to encourage “responsible innovation” by integrating digital assets into existing law Providing a clearer framework for the crypto industry, which is unregulated and lacks common standards , the Act contains a total of 69 pages of detailed definitions and regulations. SEC and CFTC: Watchdog The bill calls for the…

    Bitcoin News 2022-06-08