Their belief seems to be that Bitcoin is destined to appreciate unless these key indicators reverse themselves. According to the Bloomberg crypto newsletter, a key on-chain indicator suggests that Bitcoin (BTC) is currently greatly undervalued. Bitcoin active addresses, the 30-day average. Source: Glassnode. Bloomberg’s crypto analyst Mike McGlone believes that the recent all-time highs in […]
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The numbers line up, but do the facts? A large portion of Bitcoin’s (BTC) value lies within its limited 21 million coin supply, which means ownership of a small portion could lead to significant wealth — if mass global adoption occurs. “There is only 0.0027 BTC for the current 7 billion people,” trader, Bitcoin evangelist, […]
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In order to achieve blockchain mass adoption, three fundamental problems should be solved. Let’s dive into the first one: upgradeability. This is Part 1 of a three-part series in which Andrew Levine outlines the issues facing legacy blockchains and posits solutions to these problems. Read Part 2 on the vertical scaling crisis and Part 3 […]
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Russian users account for as much as 10% of Huobi’s total spot trading volume. Major cryptocurrency exchange Huobi Global is expanding in Russia by rolling out its native mobile app in the country. Users in Russia can now access Huobi’s spot market and trade major cryptocurrencies like Bitcoin (BTC) through its mobile app, the firm […]
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Stablecoin runs could occur if users lose confidence in the issuer or its network. The European Central Bank has warned the global community about the risks of so-called “stablecoin runs.” Analogous to the term “bank runs” in the traditional financial system, stablecoin runs could occur if end users lose confidence in the issuer or its […]
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Art historian-turned-blockchain artist Robert Alice believes that the Bitcoin codebase is a culturally and politically significant piece of 21 century history. Christie’s is set to sell its first nonfungible token in an upcoming auction of what has been characterized as “the largest artwork” in the history of Bitcoin (BTC). Art historian turned blockchain artist Robert […]
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Rising by $200 each month, the 200-week moving average has formed an implied BTC price floor since Bitcoin first appeared in 2009. Bitcoin (BTC) speculators waiting for a BTC price drop of even 35% will probably be waiting forever, new data shows. In a tweet on Sep. 22, quant analyst PlanB noted that Bitcoin will […]
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Social media sentiment for Bitcoin has slumped to two year lows which is good for those wanting to go against the crowd. On-chain analytics provider Santiment asserts that Bitcoin and crypto assets tend to bounce when social sentiment indicates there is a lot of fear, uncertainty and doubt, which suggests that now is a buying […]
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The Polkadot ecosystem is set to get a $20m boost from RockX Digital asset development company RockX has launched a $20 million investment program to support the Polkadot (DOT) ecosystem over the next five years. The funding, capped at a maximum of $500,000 worth of DOT tokens per project, will be provided alongside technical support […]
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Those with less financial knowledge may be twice as likely to invest in crypto. A report from Canada’s central bank shows that while most Canadians are knowledgeable about basic finance and Bitcoin, few actually hold any crypto assets. According to the results of Bank of Canada’s 2019 Cash Alternative Survey published in August 2020, financial […]
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