Crypto Twitter was already operating on all cylinders yesterday, as Bitcoin and other top cryptocurrencies plummeted toward lows not seen in over a year. Then Terra’s stablecoin, UST, fell off a cliff, and the social media platform whirred into overdrive. UST, designed to hold at the value of the U.S. dollar, fell from a concerning $0.985 to a shocking $.90,…
“Bear markets are the best time to be alive and in the sector. It’s depressing for those that don’t know what they’re doing, it’s awesome for those that have a longer-term view.” – Simon Dixon The difference between Bitcoin and everything else is that the price of bitcoin doesn’t matter. Over the long term the price of bitcoin has gone…
Among the proposals, the group of eight organizations requested the Environmental Protection Agency subject PoW mining firms to “stringent reviews” around operating permits. Source: https://cointelegraph.com/news/environmental-groups-urge-us-government-to-take-action-on-crypto-miners
Tl;dr: This shelf registration positions Coinbase to prospectively access the capital markets quickly and efficiently when needed or when market conditions are optimal. Today we filed a shelf registration statement with the Securities and Exchange Commission (the “SEC”). This shelf registration statement is intended to be used for potential prospective offerings which may include the sale of new securities for…
MicroStrategy CEO Michael Saylor has been a vocal Bitcoin advocate, with his company holding 129,218 Bitcoin (nearly $4.1 billion worth) as of its latest quarterly earnings report. While being the biggest Bitcoin holder among publicly traded companies has its risks, Saylor shared his thoughts on how MicroStrategy could survive a serious bear market. “If the price of Bitcoin falls below…
God is dead, Bitcoin lives. This is to be the bedrock of a new mythology since that is exactly what Bitcoin is — myth. Friedrich Nietzsche is a German philosopher and is credited with the popularization of the statement “God is dead,” in his book titled “Thus Spoke Zarathustra.” The idea originated in his earlier work titled “The Gay Science.”…
Get the full book now in Bitcoin Magazine’s store. This article is part of a series of adapted excerpts from “Bitcoin Is Venice” by Allen Farrington and Sacha Meyers, which is available for purchase in Bitcoin Magazine’s store now. You can find the other articles in the series here. “The concentration of the farmland into larger and larger holdings and…
In brief Coinbase missed on Q1 earnings and revenue The results come as another piece of bad news for the crypto markets Coinbase released its earnings for the first quarter of 2022, and the results will do little to improve the current dour mood in the crypto markets. The company disclosed that it pulled in $1.17 billion in revenue—well short…
The similarity in price action between the crypto market and traditional financial markets remains quite strong on May 10 as traders enjoyed a relief bounce across asset classes following the May 9 rout which saw Bitcoin (BTC) briefly dip to $29,730. Market downturns typically translate to heavier losses in altcoins due to a variety of factors, including thinly traded assets…
Talk about bad timing. The Washington Nationals, winner of the 2019 World Series, have been making good on the terms of a partnership it forged back in February. The unfortunate part? That partnership is with Terra, the blockchain network whose algorithmic stablecoin dropped to a price below $0.70 yesterday as the network hemorrhaged funds like the Nationals have been hemorrhaging…
