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“# Pragmatism: The true key to unlocking crypto mass adoption ” When Bitcoin (BTC) launched in 2009, it was motivated by the distrust of financial institutions and their fees and the inflationary practices by central banks during the Great Recession. Bitcoin was supposed to usher in an era of decentralization, financial inclusion and democratization. Yet…
“# Time for a crypto GPU? Gamers and miners spar over scarce top hardware ” The rise of cryptocurrencies over the past few months, especially with the onset of 2021, has certainly catapulted the crypto niche into the mainstream. While traders buy and sell and try to calculate how much this or that currency has…
“# BlackRock’s entry reflects a change in institutional outlook on crypto ” On Jan. 20, BlackRock, the world’s largest asset manager with over $8.7 trillion assets under management, appeared to have given the green light to two of its associated funds, BlackRock Global Allocation Fund Inc. and BlackRock Funds, to invest in Bitcoin futures. In…
“# Bored with Bitcoin? The BTC bull run is about to return, this indicator says ” Bitcoin (BTC) hodlers hoping for a return to the bull run may not have long to wait, as a popular indicator gives cause for optimism. As compiled by on-chain monitoring resource Glassnode, data from the Bitcoin spent output profit…
“# Digital Currency Group’s crypto mining arm enters top 10 global mining pools ” Foundry, a wholly owned cryptocurrency mining subsidiary of Digital Currency Group, or DCG, has entered the top 10 largest Bitcoin (BTC) mining pools in the world. The firm’s CEO, Barry Silbert, announced the news on Tuesday, predicting that Foundry will soon break…
“# Two things may result in a Bitcoin blow-off top, says on-chain analyst ” David Puell, an on-chain analyst and the creator of the Puell Multiple, believes two things could cause Bitcoin (BTC) to see a temporary top this cycle. The analyst pinpointed the U.S. government potentially taxing unrealized gains and the possible approval of…
“# Bitcoin made up 97% of total crypto inflows in 2021 ” Bitcoin (BTC), the world’s largest cryptocurrency by market capitalization, remains the most preferred digital currency for investors, according to a new report. Bitcoin inflows accounted for 97% of total crypto inflows so far in 2021, according to a Jan. 25 report by digital…
“# These 5 charts show why Bitcoin price failed to break $35K ” Bitcoin (BTC) fell towards $30,000 on Jan. 26 after higher levels evaporated and fresh miner outflows appeared to suppress price action. BTC price rally turns sour Data from Cointelegraph Markets and Tradingview showed the largest cryptocurrency abruptly U-turn as it neared $35,000 in…
“# Tor Project’s crypto donations increased 23% in 2020 ” The cryptocurrency community has been doubling down on its support to privacy-centric applications like Tor Browser in 2020, according to new data. The Tor Project, a non-profit organization behind the anonymous Tor Browser, saw a 23% increase in cryptocurrency donations in 2020. A spokesperson at…
“# Glassnode predicts BTC break-out as investors refuse to realize losses ” On-chain metrics are indicating that continued downward pressure on the price of Bitcoin would result in many investors facing losses. A Jan. 25 report published by crypto data aggregator Glassnode has noted that Bitcoin’s adjusted Spent Output Profit Ratio, or aSOPR, suggests that…