Selecting a timeframe for technical analysis is always a tricky topic, but usually, the longer the trend, the higher the odds it shall prevail. For example, those analyzing the 3-day Bitcoin (BTC) chart will unarguably identify an ascending channel pattern that initiated in late June. Bitcoin price in USD on FTX. Source: Tradingview Bears will also always find ways to…
In brief Ethereum’s popularity comes with relatively high transaction costs. Polygon is built atop Ethereum as a way of increasing transaction speeds and lowering costs. Unstoppable Domains is transitioning its domain names, which are NFTs, to Polygon. Blockchain domain name company Unstoppable Domains will no longer charge customers gas fees to mint an NFT domain name as of today, the…
Bitcoin institutional holdings were down last quarter while many of the same firms upped their stakes in Ethereum-based products, according to SEC filings. The number of Grayscale Bitcoin Trust shares held by large institutions dropped 2.6% in the third quarter, while the number of Grayscale Ethereum Trust shares rose 19% compared to last quarter. Altogether large institutional investment managers reported…
Watch This Episode On YouTube Listen To This Episode: While on the journey to understanding bitcoin — which never really ends — one might find themselves confronting beliefs they’ve held for a long time. Ideas, whether they be related to the economy, history, politics or self sovereignty, are all reflected in bitcoin in a particular-to-bitcoin way. What bitcoin offers us…
To many, bitcoin is the soundest money the world has ever seen. In this article we dive into Gresham’s law and discuss how bitcoin will eventually overtake the dollar, and all other fiat currencies. We cover what Gresham’s law is, how it relates to bitcoin, and whether bitcoin exhibits characteristics of good money as it relates to Gresham’s law. What…
While bitcoin’s value has remained well above the $60K range, the network’s hashrate has surged to over 184 exahash per second (EH/s) as mining devices are far more profitable at these prices. The price has made it so that older generation mining devices manufactured over four years ago, with processing power of more than 8 terahash per second (TH/s), can…
press release PRESS RELEASE. SEYCHELLES, 15 November 2021 – CoinFLEX, leading crypto exchange and yield platform, has partnered with Copper.co, a global digital asset custodian and trading solutions provider by integrating with their ClearLoop instant settlement trading network. The partnership expands CoinFLEX’s crypto yield products to more institutional investors globally, starting with flexUSD, the world’s first interest-earning stablecoin. This partnership…
Bitcoin (BTC) could not sustain its gains and succumbed to profit-booking as the U.S. trading markets started the week, possibly indicating that bears have not given up yet. PlanB, creator of the popular BTC stock-to-flow model, does not seem to be perturbed by the dull price action of the past few days. The analyst believes that his worst-case scenario projection…
The United States Securities and Exchange Commission (SEC) has ordered crypto mining firm Marathon Digital Holdings to produce documents and communications for one of its mining facilities in Montana. According to a Monday filing with the SEC, Marathon Digital received a subpoena regarding an investigation into possible violations of the federal securities law related to its Hardin, Montana data center.…
After months of scrutiny from both the United States Senate and House of Representatives, the infrastructure bill — criticized by many crypto advocates — is now officially the law of the land. In a ceremony in front of the White House on Monday, President Joe Biden signed the $1 trillion infrastructure bill before an audience of reporters, lawmakers and union…
