Bitcoin News

  • 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
  • Bank of America: Bitcoin is not acting as an inflation hedge

    Previously, one of the market’s main recommendations for bitcoin was that it was a hedge against inflation — meaning its value would remain the same over time. One reason is that its supply is capped at 21 million, which is scarce as demand increases. But recently, a new report from Bank of America stated that Bitcoin is not acting as an inflation hedge. Instead, bitcoin has been traded as a risky asset, and since July 2021, Bank of America analysts Alkesh Shah and Andrew Moss noted in a report that data…

    Bitcoin News 2022-05-07
  • Erase the rebound after the Fed meeting, why did BTC break below $36,000?

    BTC saw a brief rally on Wednesday after the Federal Reserve announced a rate hike. However, the cryptocurrency’s “bounce gains” following the current Fed meeting have been wiped out after Bitcoin’s sudden price drop below $36,000 on Thursday afternoon, which subsequently drove the entire crypto market lower. Noise trading temporarily lacks upward momentum Risk assets climbed after Fed Chairman Jerome Powell said there would be no increase of 75 basis points, with trading volumes and actual volatility surging around the announcement, but volumes quickly retreated within 24 hours. The intraday “relief…

    News 2022-05-05
  • Why Bitcoin Prices Rise Soon After Fed Announces Rate Hike

    The U.S. Federal Open Market Committee (FOMC) announced its latest interest rate resolution on Wednesday, local time, raising the benchmark interest rate by 50 basis points to a range of 0.75%-1.00%, the largest rate hike since May 2000, in line with market expectations. Shortly after the Fed announced the rate hike, the price of Bitcoin rose above $40,000. The FOMC (Federal Reserve Open Market Committee) is a branch of the Federal Reserve (also known as the Federal Reserve, the Fed), whose main task is to determine the monetary policy of the…

    Bitcoin News 2022-05-05
  • Looking at the impact of the macroeconomic environment on encrypted assets from the perspective of privacy coins overtaking Bitcoin

    Price Action: Privacy coins have outperformed Ethereum and Bitcoin since the end of February. Trading volume: Crypto asset trading volume in Ukraine has dropped to pre-conflict levels after the central bank banned crypto asset purchases. Order Book Liquidity: While the volume of Ethereum on the asset service platform is at its lowest level since 2018, market depth remains stable. Derivatives: During bear market pullbacks, financing returns are negative. Macro trend: Real yields turned positive for the first time since March 2020. Special Features: We explore how outlier detection can improve…

    2022-05-05 News
  • Popular Science: Who is Satoshi Nakamoto, the founder of Bitcoin?

    The most mysterious person in the blockchain world is none other than Satoshi Nakamoto, the inventor of Bitcoin . For a long time, there have been many legends about him in the rivers and lakes, just like Qin Shihuang’s cemetery, only know that it existed, but don’t know what kind of existence. The only certainty right now is that Satoshi Nakamoto was the first Bitcoin miner, and it is estimated that Satoshi Nakamoto owns nearly 1 million Bitcoins. With such a developed network today, how did Satoshi Nakamoto achieve “invisibility”? Traces of Satoshi…

    Bitcoin News 2022-05-04
  • The crypto bear market is coming again? But here are three “win-win” models

    May 2nd  , I believe that the entire crypto market is still fresh in the memory of Bitcoin’s roller coaster performance last year. After a year of ups and downs, the cryptocurrency market today seems to be teetering on the brink of a bear market. According to the latest data, the price of BTC fell below $38,000, which once again sparked more and more voices about the “bull and bear” battle. Investors also seem to have lost their way. Should they stay in this market and let go? Fighting should be decisively withdrawn…

    News 2022-05-02
  • Warren Buffett: I won’t buy all bitcoins for $25

    May 1st news, in recent years, Bitcoin has been increasingly accepted by the traditional financial and investment circles, but Warren Buffett, known as the “stock god”, insists on a skeptical stance on Bitcoin, even Not willing to spend $25 on all the bitcoins in the world. At Berkshire Hathaway’s shareholder meeting this year, Buffett explained that Bitcoin is not a productive asset and does not produce anything tangible. Despite the change in public opinion on the cryptocurrency, he himself is adamant about not buying it. Buffett explained in detail why he…

    News 2022-04-30
  • Q1 2022 Lightning Network report: network channel capacity up 198% YTD

    Key Points: The increase in adoption and integration has resulted in the Lightning Network’s public channel capacity reaching 3,624 bitcoins or $143 million, a 198% year-to-date increase. The growth of infrastructure service providers, including node cloud hosting and node management software companies, has made it easier for users and enterprises to integrate Lightning into their products and services using the Lightning Network. Users who can use Lightning Payments increased from 10 million in October 2021 to over 80 million in March 2022. Taro is a new Taproot-backed protocol from Lighting…

    2022-04-29 News
  • Fidelity pioneers allowing retirement accounts to hold bitcoin Will rivals follow?

    Fidelity will allow investors to deposit bitcoin in their 401(k) retirement accounts, and later this year 23,000 companies that use Fidelity to manage their retirement plans will have the option to put bitcoin in retirement savings Account, which will allow employees to access bitcoin, with a maximum allocation of 20%. After Fidelity pioneered this, will its competitors follow? Competitors are weighing Vanguard, one of the largest fund managers in the U.S. alongside Fidelity, is still weighing, and a company spokesperson told Blockworks that Vanguard has no plans to offer a cryptocurrency…

    2022-04-28
  • Central African Republic Bitcoin Act (full text)

    The President of the Central African Republic, Faustin Archange Touadera, approved the cryptocurrency regulation bill passed by the National Assembly on April 22. The media generally reported that the Central African Republic is the first country in Africa and the second country in the world to adopt Bitcoin as legal currency (see Golden Finance’s previous report: the birth of the second country to adopt Bitcoin as legal currency). Golden Finance has noticed that the official language of the Central African Republic uses Bitcoin as the reference currency (monnaie de référence). Although the…

    2022-04-28 Bitcoin News
  • These You Need to Know Before Investing in Fidelity’s Bitcoin Retirement Plan

    Cryptocurrency folks have been stunned by news recently that asset management giant Fidelity will allow investors to deposit bitcoin in their 401(k) retirement savings accounts. On the surface, this is an easy way for individuals to gain exposure to such emerging assets, which is beneficial from a tax perspective. However, there are still some important factors to consider before you invest. Glossary Fidelity will open cryptocurrency services to accounts in its employee retirement plans later this year, if employers choose to offer the service. Annual gains from 401(k) plans are tax-deferred, eliminating the…

    Bitcoin News 2022-04-28
  • Are crypto airdrops really unwelcome to the woolly party?

    If you are the operations manager of a company, and the company decides to spend 500,000 yuan for operations, you may have to hold 5 meetings, 50 phone calls, and work 500 hours in order to do it beautifully. But in the Crypto world, the project decides to take out 1/4 or even 1/5 of the “equity”, which is worth tens of millions of dollars, or even hundreds of millions of dollars, but many of these decisions seem to be decided by the head. Honestly, with such a big decision,…

    2022-04-28 News
  • Fidelity will allow pension accounts to invest in bitcoin

    Crypto advocates and curious people are suddenly finding out that asset management giant Fidelity will start allowing investors to put bitcoin into their 401(k) retirement savings accounts. From a tax perspective, this appears to be an easy way for individuals to gain beneficial access to this emerging asset class. However, there are still some important factors to consider. The service will be available to participants in Fidelity’s employee-sponsored retirement plans later this year, but only if the employer chooses to offer it. 401(k) annual gains are tax-deferred, which eliminates the…

    News 2022-04-27
  • Grayscale’s foray into the competitive European crypto fund market is discussing expansion plans with local partners

    Grayscale Investments, which runs a bitcoin trust fund worth about $30 billion, is preparing to expand into Europe, according to Bloomberg. Grayscale CEO Michael Sonnenshein said in an interview in London on Tuesday that the company is meeting with local partners to discuss expansion plans, but has not yet decided on which exchanges or countries it will offer the product, or which products to launch first. Grayscale plans to conduct a series of pilot tests in different markets. The European crypto fund market has become more competitive in recent months as…

    2022-04-27
  • Cosmos Research 4: THORChain is a potential star project full of risks

    THORChain’s application background Cross-chain transactions have always been a major pain point in the Crypto field. Currently, most DEXs provide packaged transactions for cross-chain properties, such as WBTC on Ethereum. Or use cross-chain bridge pledge to complete the transfer and transaction of property on different chains. However, the above two methods are only for the transaction of Wrapped Assets, and cannot be traded for the original ecological currency, such as BTC directly exchanged for ETH. At present, only the CEX centralized exchange can provide direct trading of the original ecological currency, but users…

    2022-04-26 News
  • Here’s why Germany is voted the most crypto-friendly country

    Germany tops Coincub’s ranking of the most crypto-friendly countries for the first quarter of 2022. The European country has allowed its long-term domestic savings industry to invest in crypto-assets thanks to its zero-tax policy on long-term capital on crypto gains. In addition, the number of Bitcoin and Ethereum nodes is second only to the United States. Blockchain technology application  In 2019, Germany became the first country to adopt blockchain technology as a development strategy and to promote the potential of its country’s digital transformation, making it a leader in the…

    2022-04-25 Metaverse & NFT News
  • Encryption first quarter review and market outlook

    Quick Facts: Despite the market downturn, crypto investment remained very active in the first quarter. On the infrastructure side, we see a lot of movement in cross-chain solutions and DAO tools. The new layer-1 is still incubating. DeFi primitives developed on Ethereum are expanding to the newer L1, and Polkadot is accelerating. NFT projects are focused on bringing more utility to the space, and Yuga Labs made a big wave this quarter. The rise of Axie Infinity has attracted many successful traditional game developers to develop games on Web3, and…

    2022-04-25 News
  • The second country to adopt Bitcoin as legal tender is born

    The Central African Republic has become the second country in the world and the first in Africa to adopt Bitcoin as legal tender. Bitcoin as the official currency of the Central African Republic On April 21, 2022, the National Assembly of the Central African Republic unanimously passed a bill to make bitcoin legal tender, Forbes Monaco reported on April 25. The draft law, initiated and submitted by Gourna Zacko, Minister of Digital Economy, Postal Services and Telecommunications of the Central African Republic, and Calixte Nganongo, Minister of Finance and Budget,…

    Bitcoin News 2022-04-25
  • Weekly report on Bitcoin holdings: Large institutions regain bearish thinking and rebound may be short-lived

    The latest CFTC CME Bitcoin holdings weekly report (April 13-April 19) released on April 23 shows that the total Bitcoin standard contract holdings ended the previous two-week streak of decline, rebounding from 10632 to 11276 . During the statistical period, the weak posture of Bitcoin in the past period of time has also changed. During the week, the price of Bitcoin did not fall further, but achieved a price rebound of more than $1,000. Will the mainstream market sentiment change as a result? What choices should large institutions that accurately “predict” this…

    2022-04-24 Bitcoin News