Bitcoin (BTC) has broken back below the psychological support at $60,000. While this seems to be negative in the short term, the price action has continued to mirror its movement in 2017. If the similarity continues for the remainder of the year, Bitcoin bulls may be in for a party. PlanB, creator of the popular Bitcoin Stock-to-Flow (S2F) model, recently…
An exchange-traded fund (ETF) that shorts the price of Bitcoin futures contracts might soon be available on Wall Street. Direxion Shares ETF Trust, an ETF issuer, yesterday applied to the SEC for an ETF that would bet on the price of the biggest cryptocurrency going downaptly named the Bear ETF. An ETF is a popular investment tool traded on a…
The cryptocurrency market is back on the rocks on Oct. 27 as many of the top assets find themselves in the red on the day after Bitcoin (BTC)price dropped to $58,000 in the early trading session. Despite the wider struggles of the market, several altcoins have managed to post gains in excess of 22% as major protocol integrations and exchange…
Binance, the world’s largest cryptocurrency exchange by volume, tweeted on Oct. 26 that the cumulative number of transactions on its Binance Smart Chain (BNB) has surpassed 1.5 billion. The network achieved this milestone a mere 14 months after its launch on Aug. 31, 2020. According to BscScan, the daily number of transactions on the blockchain recently surged to over 10…
Watch This Episode On YouTube Listen To This Episode: In this episode of Bitcoin Magazine’s “Fed Watch” podcast, Christian Keroles and I sat down with Sam Rule for the first time. Rule is a new addition to the Bitcoin Magazine team, researching and writing on its Deep Dive letters and series. His areas of interest are macro and long-term debt…
Just in time for Survivor Series, WWE and Bento Box Entertainment announced today the launch of a new line of NFTs in a multi-year deal with Blockchain Creative Labs. Launched earlier this year by Fox Entertainment, Blockchain Creative Labs previously released an NFT line based on the popular singing competition, The Masked Singer, earlier this month. Like those NFTs, the…
Osmosis, a decentralized exchange, or DEX, on the Cosmos blockchain, raised $21 million dollars in a token sale led by VC fund Paradigm along with a consortium of investors including Robot Ventures, Nascent, Ethereal, and Figment. Osmosis allows developers to build customized Automated Market Makers, or AMMs, with sovereign liquidity pools. The DEX uses a native token called OSMO for…
Meme coins burst onto the scene in early 2021 and helped kickstart the bull market after Dogecoin (DOGE) rallied above $0.01 to new highs while being shilled by the likes of Elon Musk and Mark Cuban. Shortly afterwards, Dogecoin clones and other canine-themed tokens popped up to catch the wave of bullish momentum and Shiba Inu (SHIB) was one of…
The American video game, consumer electronics, and gaming merchandise retailer, Gamestop, is seeking a non-fungible token (NFT)-focused senior software engineer, according to a new job listing. Similar to the recent job listing stemming from the social media services company Reddit, the retail giant Gamestop seems to be building an NFT marketplace. Gamestop Looks to Hire Engineer to Join Company’s NFT/Blockchain…
The Ottoman suppression of the printing press is a poster child case of intellectual stagnation in the Muslim world. Although there was no outright ban, there is no denying of a massively missed opportunity here: A civilization’s failure to adopt a groundbreaking technological change happening right next door. In its golden age, this same civilization that gave the world universities…
