Bitcoin News

  • Early Bitcoin advocates: Why would I leave Bitcoin and embrace Ethereum?

    Bitcoin is the only cryptocurrency that can refuse to innovate and still win; but right now, Ethereum may be a better choice. I first got into cryptocurrency in 2013 by buying bitcoin. Last week I finally sold my last BTC and bought ETH. I’ve been asked “why are you leaving Bitcoin?” and this article will answer that question.  First of all, I don’t hate Bitcoin. It’s a quality asset and worth holding, but here are a few reasons why I’ve chosen not to hold it any longer:  Bitcoin is not a productive asset…

    News 2022-05-18
  • Vitalik: I have ten big contradictions that I haven’t figured out

    Following Vitalik’s public praise for Bitcoin on April 1, on May 17, 2022 Vitalik once again expressed his envy to Bitcoin. Vitalik tweeted that he would like to see Ethereum become a system more like Bitcoin, especially for long-term stability, including cultural stability. In addition, he also disclosed ten contradictions in his thoughts and values, which he said have been thinking about and have not been fully resolved. Here are ten big contradictions that Vitalik didn’t figure out: 1. My desire to see Ethereum become a more Bitcoin-like system, especially the tension…

    News 2022-05-17
  • Data: China’s Bitcoin computing power still ranks second in the world

    The fire can’t be burnt out, the spring breeze blows again. After the Chinese government strictly banned Bitcoin mining in 2021, the proportion of China’s Bitcoin computing power in the global total computing power once fell to 0%, but after the storm, Chinese miners still play an important role in the Bitcoin world. China’s Bitcoin computing power still ranks second in the world Recently, the Cambridge Bitcoin Electricity Consumption Index (CBECI) under the Cambridge Digital Assets Programme has updated the latest Bitcoin global computing power distribution map data, the latest…

    Bitcoin News 2022-05-17
  • Bitcoin and Nasdaq correlation hit record high

    Price Volatility: The sale of Yuga Labs’ virtual land crippled the Ethereum blockchain, causing ApeCoin prices to soar and then plummet. Market Liquidity: The Turkish lira cryptoasset volume surged to a new yearly high amid soaring inflation. Derivatives: Funding rates rose during last Thursday’s spot sell-off. Macro trend: Bitcoin is nearly as correlated to the Nasdaq Tech Index as it is to Ethereum. Hot this week TerraUSD is decoupled from the US dollar, and the risk of algorithmic stablecoins is prominent. Chart: UST-USD and UST-USDT prices Data source: Kaiko 15-minute…

    2022-05-17 News
  • Bitcoin price has halved from the high point, is the extended bear market coming?

    The cryptocurrency market extended last week’s slide, in line with the general decline in the stock market. The data shows that as of May 16, the price of bitcoin has basically remained at around $30,000, and the price of bitcoin has fallen by more than half since it hit an all-time high of $67,802 in November last year. Meanwhile, Glassnode data shows that the number of BTC addresses in the red (7-day MA) reached an all-time high of 17,968,489.667. However, despite the market slump, the number of addresses holding more than 1…

    2022-05-16 Bitcoin News
  • Economic Daily: The hype of virtual currency will end in vain

    “The currency circle has collapsed” is on the hot search again. Recently, the virtual currency market has suffered a “big robbery”. The first is that the LUNA coin, known as the “Coin Circle Moutai”, has plunged by more than 99%. Since May 11, it has fallen from above $30 to about $0.0003 on the evening of May 14, almost returning to zero. Virtual currencies such as Bitcoin and Ethereum also plummeted one after another. On May 12, Bitcoin fell from about $32,000 to below $27,000. The virtual currency, which has always been advocated…

    News 2022-05-14
  • COIN and HOOD fall to all-time lows Crypto-related stocks hit hard

    Bad news continues to dominate the headlines in the crypto media, with the most notable news on May 12 being the unexpected collapse of the Terra ecosystem. In addition to the weakness in the stock market, publicly traded companies with exposure to blockchain startups and cryptocurrency mining have also experienced sharp declines in their stocks. While it might be tempting to blame Terra’s implosion for the current pullback, the truth is that the price of Bitcoin mining stocks has largely mirrored Bitcoin’s performance since its November 2020 peak. BTC /USDT vs. RIOT,…

    Bitcoin News 2022-05-13
  • How does the textbook short “Crypto Soros” snipe the UST?

    Note: This is a deduction of “Crypto Soros” sniping UST. According to the deduction, if the mastermind behind the scenes closes the position at around $32,000, it will make a profit of more than $800 million. Now that everyone is talking about UST, including Janet Yellen’s assessment, everyone is talking about how much Terra’s debacle has lost, let’s take a different angle today and talk about how much money “Soros” won in this war. The story begins in late March when LFG announced that it would start buying BTC and…

    2022-05-11 News
  • Delphi 4D details on L1 public chain valuation methodology

    Paying rent to L1 through Rollup may be a way to maximize the return on L1’s native assets. The main points Traditional assets are generally divided into three categories – capital assets, consumable/convertible assets, and store-of-value assets. Cryptocurrencies offer unique features that combine all three. Capturing value from network fees and MEV yields a robust token economy that directly yields very substantial real benefits to the native asset. While obtaining long-term benefits, it must be guaranteed not to increase user transaction costs (network expansion is a must). Monolithic blockchains may not be…

    2022-05-11 News
  • The company’s stock price plummeted 24% overnight, but it was “backlashed” and faced the risk of ” liquidation”

    An earlier Wall Street News article mentioned that, according to CryptoCompare data compiled by the Financial Times, the market value of the top 500 digital currencies has fallen 50% from a record high reached in November 2021 to $1.6 trillion. The world’s largest digital currency, Bitcoin, also fell by half during this period, and the market value of the cryptocurrency’s third-largest stablecoin evaporated by more than 30%. It may also be expected that the price of the risk asset Bitcoin will continue to fall under the tightening policy of the Federal Reserve. However,…

    Bitcoin News 2022-05-11
  • Luna falls down, will MicroStrategy be next?

    The star project Terra (Luna) fell by 50% overnight; its algorithmic stable currency UST was seriously decoupled from the US dollar and fell to $0.62; the Luna Foundation Guard smashed more than 70,000 BTC and still could not reverse the trend… In addition, the Federal Reserve added Due to various factors such as the interest rate reduction plan, BTC once fell below $30,000. Butterfly effect, the interests of MicroStrategy, the largest listed company holder of Bitcoin, are damaged. Self-mockery from MicroStrategy founder Michael Saylor MicroStrategy and its founder Michael Saylor…

    2022-05-10 News
  • Bitcoin falls below $30,000 The crypto circle faces two trends since the rate hike in May

    According to Ouyi market data, at around 8:00 am Beijing time on May 10, Bitcoin fell below the key position of $30,000 in a short time, with a minimum of $29,735, a drop of more than 10% within 24 hours. This is the first time Bitcoin has fallen below $30,000 since it peaked at $69,000 on November 10 last year. Half an hour later, the price of Bitcoin was back above $30,000. At 10:00 a.m., the price of Bitcoin was temporarily reported at $30,891. Bitcoin price trend (European data) What is the immediate…

    News 2022-05-10
  • Bitcoin falls to the $30,000 mark, what are institutions and whales doing?

    As the cryptocurrency market continues to fall, its total market capitalization has fallen to $1.4 trillion, and the price of Bitcoin hits the $30,000 mark, blockchain analysts at CoinShares and Glassnode have uncovered signs of investor activity. Interesting combination. There is evidence that investors are taking advantage of last week’s price volatility to move more assets into bitcoin, ethereum and other cryptocurrencies-based exchange-traded products. But it’s worth noting that, unlike retail investors, wealthy investors with large positions (known as whales) and institutions often have enough bottom-up funds to weather storms in the…

    News 2022-05-10
  • Nearly $5 billion evaporated in 2 hours while the Luna crash was in progress

    The phrase “everyone is looking forward to the end of the world” is a perfect way to describe market sentiment from 2022. Because the CPI index is overheated, the market is full of calls for interest rate hikes at the beginning of the year, 25 points, 50 points, 75 points… Now that the rate hike is coming, the market has collapsed, and people have ushered in the end they have been calling for for a long time. Open the financial page, the headline is “The global stock market has experienced the worst…

    2022-05-10 News
  • Fright night UST Death Spiral’s mouth of the abyss is “devouring everything”

    Bitcoin accelerated overnight, falling below the $30,000 integer mark in early trading, and the lowest intraday drop to $29,730, hitting a new low since July 19, 2021. The weekly decline expanded to 12%, and the decline in the past 40+ trading days It has exceeded 37%. After the weekly cycle was extremely rare to receive six consecutive Yin, it was hit hard at the opening of this week, and there was no sign of “hemostasis” in the market. The rapid decline of Bitcoin has led to a collective dive in…

    2022-05-10 News
  • Is there something else behind MicroStrategy’s “All in Bitcoin”?

    The price of Bitcoin fell below MicroStrategy’s holding cost for a short time, and it was rumored that it may have secretly sold more than 8,000 Bitcoins. Last year’s bull market in cryptocurrencies attracted a number of US-listed companies. Elon Musk also changed his call for US stocks to bitcoin. Tesla and other listed companies also bought a lot of bitcoin in addition to their main business. However, the sharp turnaround in the market this year has led to the provision of more than 100 million US dollars of impairment in…

    News 2022-05-10
  • Bulls Sell Slow Crash When will the crypto market stop falling and reach a new balance?

    Bitcoin extended losses, falling below $30,000 for the first time since July 2021, falling more than 55% from its record high in November amid a global flight from risky investments. At the same time, the entire line of the encrypted market fell. According to data from CoinGecko, the current market value of cryptocurrencies is $1.498 trillion, with a 24-hour decline of 9.2%. Crypto markets and related products fall across the board Most notably, UST was severely de-anchored in the context of a sharp drop in the crypto market. According to the market, UST…

    Bitcoin News 2022-05-09
  • Bitcoin price falls to lowest point since the beginning of the year

    Sina Technology News Beijing time on the afternoon of May 9th, according to reports, the sharp decline in the stock market continued to have an impact on bitcoin, which fell to close to its lowest level since January this week on Monday, and the cryptocurrency is currently trading at a price similar to So-called riskier assets such as tech stocks moved in the same direction. In early Monday trade, bitcoin was trading as low as $33,266, near its lowest point of $32,951 set in January. If prices continue to slide…

    Bitcoin News 2022-05-09
  • The level of panic rises, will BTC fall below the $34,000 mark and will it fall next?

    After a brief rally last week, the crypto market as a whole was in a downtrend, with no rebound over the weekend, and the broader crypto market is also in decline. In the early morning of the 9th, BTC fell below $34,000. This is the first time BTC has dropped below $34,000 since February. The data shows that on May 8, the panic and greed index was 18, the degree of panic has increased, and the level is still extreme panic. According to Coinglass data, in the past 24 hours, the liquidation volume…

    Bitcoin News 2022-05-09
  • What will Buffett, who opposes Bitcoin, think of Web 3.0?

    At this year’s “Investment Spring Festival Gala” Berkshire Hathaway’s annual shareholder meeting, Warren Buffett once again explained why he still does not invest in Bitcoin. “I don’t know if the price of bitcoin will go up or down in the next year, or 5, 10 years. But one thing I’m sure about is that it won’t generate any value.” Buffett believes that bitcoin is not a production Sexual assets, nor do they produce anything tangible, “it has a kind of magic that people give to a lot of things.”  Buffett…

    News 2022-05-07