Bitcoin News

  • 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
  • Is the encryption market really entering a cold winter? At least this bear market is very different from 2018

    “Has the market bottomed out?” is a multi-billion dollar question. If you spend a little time in the Web3 community, you’ll find that there are a lot of narco-hopists. The crypto collective consciousness wants to believe that the decline of the past few months is “temporary” and that market prices will rebound soon. Admittedly, this optimism is hard to sustain. Market prices tell a worrying story: Bitcoin has fallen 58% from an all-time high (ATH) of around $67,000, Ethereum is down 62% from an ATH of around $4,700, and the…

    2022-06-07
  • High probability of Fed continuing to raise interest rates Crypto investors flock to the safety of Bitcoin

    Bitcoin has historically dominated the cryptocurrency market during economic downturns . Bitcoin Dominance Highlights Data shows that Bitcoin’s dominance is surging as the volatile market in recent months continues. According to the latest data from CoinMarketCap, Bitcoin’s market capitalization ratio rose to over 46%, while Ethereum ’s market value ratio dropped to 17.66%. The last time it reached 45% was in October 2021. It can be said that the proportion of Bitcoin’s market capitalization has reached a high of nearly 7 months. Market capitalization advantage refers to the proportion of the market represented by an asset. Bitcoin…

    Bitcoin News 2022-06-07
  • Is the total crypto market capitalization falling below $1 trillion as investment sentiment is low?

    The high volatility of the cryptocurrency market is probably the most worrying thing for investors of all time . From the current point of view, this kind of worry is not unreasonable, and the cryptocurrency market has recently experienced an unprecedented “bloody storm”. In just two months to date, the overall cryptocurrency market cap has fallen by 43%. Although the total market value of cryptocurrencies has stabilized in the past 23 days, basically fluctuating in a small range from $1.19 trillion to $1.36 trillion; at the same time, BTC and ETH have also…

    2022-06-07 News
  • Arthur Hayes column: New forecast for the bottom

    The real inflation problem A prerequisite for a bull market to start is for the Fed and central banks to pause rate hikes and keep their balance sheets the same size. Under the current rate hike cycle, the CPI has pulled back, but the income of the average American worker is also decreasing. Given that this is a midterm election year in the United States, this will become a bigger and bigger issue as November rolls in and what the ruling Democrats will need to do to correct. As voters pay more…

    2022-06-02 Bitcoin News
  • Block survey: People who know more about Bitcoin are more optimistic

    A survey by digital payments firm Block Inc. found that the more respondents rated their level of cryptocurrency knowledge, the more optimistic they were about Bitcoin’s future. Block surveyed more than 9,500 people from the Americas (2375), EMEA (4360) and Asia Pacific (2860) in January, making sure to include each region in its 2022 Bitcoin Knowledge and Perception Report of 100 Bitcoin holders. The report, released on May 31, showed the correlation between optimism and purchase likelihood, comparing the results to respondents’ self-rated knowledge levels. Among those who felt they…

    News 2022-06-01
  • Why do I no longer hold bitcoin

    I bought Bitcoin in 2013 and started to get into the cryptocurrency space. Last week, I finally sold my last BTC for ETH. People always ask “why don’t you hold bitcoin anymore”, so I figured I might as well make a post about it… First of all, I don’t hate Bitcoin. I think it’s a quality asset to hold. But here are a few reasons why I choose not to hold it anymore: Productive Assets and “Pet Stone” Assets In general, I would hold assets that have end-user needs, application scenarios, and cash flow,…

    Bitcoin News 2022-05-31
  • What should developers and users of blockchain with high moral hazard pay attention to?

    Blockchain opens up new avenues to moral, reputational, legal, and economic risks, but also brings four risks: lack of third-party protection, invasion of privacy, zero-state issues, and poor governance. If I send you bitcoin, the transaction is simultaneously recorded on the more than 12,000 computers, servers, and other devices that bitcoin runs on. Everyone on the chain can see the transaction, and no one can change or delete it. Or you can send me a non-fungible token (NFT) on the Ethereum blockchain, and the transaction is also recorded on all the computers…

    News 2022-05-31
  • The challenge of bitcoin

    Bitcoin’s design has unique features that make it impossible to perform certain operations, which has led developers and users to seek greener pastures in the Ethereum ecosystem. However, such shortcomings make Bitcoin safer and more stable. In our article on the Bitcoin Scripting Protocol language, we argue that many applications are impossible to implement on Bitcoin due to Bitcoin’s limited instruction set. This is why there will never be a Bitcoin-native DeFi application, because the underlying smart contracts (a funny name for small programs that execute and run natively on the blockchain)…

    Bitcoin News 2022-05-31
  • Taro: A Bitcoin Network Asset Protocol Supporting Taproot

    Taro, a new Taproot-enabled protocol that can be used to issue assets on the Bitcoin blockchain and enable instant, high-volume, low-fee transactions over the Lightning Network. Developed by Lightning Labs, the protocol marks a major shift from the Lightning Network to a multi-asset state. At its core, Taro leverages the security and stability of the Bitcoin network and the speed, scalability, and low fees of the Lightning Network. Taro allows application developers to integrate assets along with BTC into on-chain and Lightning Network applications, which expands the overall reach of Lightning…

    Bitcoin News 2022-05-30
  • JPMorgan: BTC fair price is 28% above current levels

    Heading into 2022, cryptocurrencies fell sharply in 2022 as investors abandoned riskier investments. But JPMorgan said it generally sees “upside” in bitcoin and crypto markets following the sell-off, making digital assets the preferred alternative investment. JPMorgan said it sees Bitcoin’s fair price at 28 percent above current levels, adding that it sees an opportunity in the crypto market. The bank said in a Wednesday report that cryptocurrencies have replaced real estate as one of its preferred “alternative assets” — assets that do not fall into specific categories like stocks and bonds. It said…

    Bitcoin News 2022-05-26
  • The price has halved, why is Bitcoin still widely adopted?

    Since 2022, the crypto market has continued to be volatile, and the price has dropped by more than 50% since the high point in 2021. Then the price halving did not seem to affect Bitcoin adoption. Crypto is still seeing some exciting developments in redefining ownership and value transfer. Crypto adoption is nothing new Adopting cryptocurrencies in everyday life is not a scary or unusual thing. Data shows that cryptocurrency users are growing at an annual rate of over 100%. This far exceeds the adoption rate the internet saw in the 1990s and early…

    Bitcoin News 2022-05-24
  • BTC whale accounts revive or fight against scammer dust attacks

    Last week, the crypto market experienced a huge slump. A week later, optimism about the crypto market began, and the market began to gradually return to normal volatility. While the recovery is not yet complete, sentiment remains upbeat. “Dormant” wallets speed up the flow of Bitcoin. Recently, people were curious about the fact that a whale address with 11,000 bitcoins started trading around $30 million worth of crypto assets. Eight years ago, in November 2013, the account of this user with 10,000 bitcoins received 1,000 BTC at a market price of $567,600. This…

    Bitcoin News 2022-05-24
  • Bitcoin fell for 8 consecutive weeks and set a record, how do you view the cryptocurrency market outlook?

    At 8:00 Beijing time today, Bitcoin closed with a loss for 8 consecutive weeks, the first time in history. Bitcoin has lost nearly 36% of its value in the past few weeks, and BTC has been tugging at the $30,000 mark in the last two weeks. Prices are consolidating within a key demand area. However, given the current global market sentiment and recent price action, it seems premature to mark the current area as a bottom. Kavita Gupta, founder of Delta Blockchain Fund, said that the current crypto market correction has ushered in…

    2022-05-23
  • Cryptocurrency prices continue to decline, Bitcoin miners’ income has dropped by more than half from the peak

    On-chain data shows that Bitcoin miners’ earnings have now fallen to a six-month low as the cryptocurrency’s price has continued to struggle recently. Mining revenue dropped by about 68% Forbes data shows that Bitcoin mining revenue potential (defined as hash price) is down about 68% from its 2021 peak and 58% from its 2021 average. (Hashprice is a Bitcoin mining metric that measures the earning potential per unit of Bitcoin mining computing power (which we call hash rate).) There are two things that affect Bitcoin’s hash price: Bitcoin’s actual price…

    2022-05-23
  • Which bitcoins should be put under the supervision of the investigation agency?

    Written at the beginning: In nature, this article belongs to the author based on the current laws and regulations and public security experience, combined with my own understanding of the bitcoin industry, and expressing some thoughts, it does not have any guiding significance, and it is definitely not a realistic situation. judgments, and do not constitute any investment advice. According to Article 3 of the “Criminal Procedure Law of the People’s Republic of China”, “the investigation, detention, execution of arrests and preliminary trials of criminal cases shall be the responsibility…

    Bitcoin News 2022-05-23
  • Jack Dorsey builds “Bitcoin product empire” after stepping down as Twitter CEO

    The rapid growth of the crypto asset market in the past year is inseparable from the assistance of traditional payment giants. Paypal, with 377 million users, has opened up the ability to trade and hold Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH) and Litecoin (LTC) for users in the U.S. and U.K., while enabling users to use these cryptocurrencies assets to pay; Visa and Mastercard have issued encrypted credit and debit cards on multiple continents around the world, making it easier for Bitcoin and Ethereum to buy goods and services….

    2022-05-23 Bitcoin News
  • Bitcoin price predictions are polarized: down to $10,000 OR up to $100,000

    2022 is off to a rocky start for Bitcoin as investors grapple with rising inflation, geopolitical tensions and fears the Federal Reserve may tighten monetary policy. The cryptocurrency market has increasingly tracked the stock market in recent months, making it more intertwined with global economic factors. BTC has been fluctuating around $30,000 for the past week, traditional financial markets and cryptocurrencies are struggling to regain their upward momentum, and quite a few experts still say it will hit $100,000 — it’s more a matter of when than if it will…

    Bitcoin News 2022-05-20
  • MicroStrategy CFO: Not planning to sell any Bitcoin despite recent BTC drop

    MicroStrategy, a software company, has purchased more than 129,000 bitcoins and has no plans to sell any. MicroStrategy Inc.’s new chief financial officer Andrew Kang said Wednesday that despite the recent sell-off in the digital asset, which has dented the value of the analytics software company’s bitcoin holdings, its long-term strategy of buying and holding bitcoin will not change. Bitcoin and other cryptocurrencies have tumbled this month, in part due to investor concerns about persistently high inflation and the collapse of the TerraUSD stablecoin. Bitcoin’s price has fallen 32% over the…

    Bitcoin News 2022-05-19
  • The continued decline in encryption raises concerns: What are the main factors affecting the market outlook?

    Bitcoin and other cryptocurrencies have plunged this month amid concerns over persistently high inflation and the collapse of the TerraUSD stablecoin, and the overall market remains subdued so far. And for trend traders, major factors such as governments, international transactions, speculation and expectations, and supply and demand drive long-term trends and short-term volatility, and understanding how these major factors shape trends over time can provide insight into how future trends may occur. government The government has a lot of influence over the free market. Fiscal and monetary policies implemented by governments and…

    News 2022-05-19