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Bitcoin Outperforming Gold and Stocks so Far This Month
7.5.2020
Bitcoin looks to have decoupled from traditional markets as investors refocus on the network's imminent mining reward halving
Report: Square’s CashApp and Grayscale Consumed Over 50% of Bitcoin Mined Q1 202
7.5.2020
Square’s Cash App and Grayscale absorbed over half of the Bitcoins mined in the first three months of 2020, according to a May 7 report
Bitcoin Continues Grinding Higher as Stocks, Gold Levels Off
7.5.2020
With the halving now several days away, bitcoin (BTC) has continued to grind higher in the market in recent days, despite a weaker overall crypto market and a levelling off in the price of both gold and US stocks.
The outperformance of the number one digital asset has been particularly strong after...
First Mover: Bitcoin’s ‘Halving’ Is Coming Even Sooner Than You Realize
7.5.2020
More activity on the bitcoin blockchain means the blockheight, which triggers the halving event, is probably coming faster than anticipated
65% of Global Bitcoin Hashrate Concentrated in China
7.5.2020
A new bitcoin mining map by the University of Cambridge shows that China accounts for 65% of the world’s hash power. About half of the country’s hash rate is produced in just one place, the autonomous Xinjiang region, which makes up 35.76% of the global total. Launched recently,...
Bitcoin Halving as 'A Crypto Super Cycle Marketing Event' & Its Three Narratives
7.5.2020
Crypto researcher Messari delved into Bitcoin (BTC)'s upcoming third halving, and among investment theses and possible implications, provided the teams' opinions on major and impactful halving (which also deemed to be 'a marketing event at best') narratives.
CEO Ryan Selkis believes that...
CZ and Charles Hoskinson Take Down Serial Bitcoin Naysayer Peter Schiff
7.5.2020
Binance CEO Changpeng Zhao and Ethereum co-founder Charles Hoskinson have taken gold bug Peter Schiff to task for his professionalized Bitcoin criticism
Bitcoin Rising Steadily While Altcoins Show Negative Signals
7.5.2020
After a successful close above USD 9,000, bitcoin price extended its upward move. BTC/USD surpassed the USD 9,200 resistance and tested USD 9,400. It is currently (08:30 UTC) consolidating above USD 9,200 and facing hurdles near USD 9,400, USD 9,440, and USD 9,500.
On the other hand, most major...
CME Bitcoin Futures Break Open Interest Record — Here’s What it Means
7.5.2020
Open interest has surged to a $400 million high this month, while institutional traders are increasing their exposure, not trading Bitcoin
Warm-up? History Shows Bitcoin May See Epic Rally After 150% Gain
7.5.2020
Bitcoin price is preparing for a powerful mid-term rally and a new BTC price cycle, according to historical market data and previous halving events
Cambridge University Releases New Tool for Tracking Global Bitcoin Mining Power
7.5.2020
Cambridge University's Centre for Alternative Finance has released a bitcoin mining map, showing where bitcoin miners are located worldwide
Silvergate Bank Reports 75% Increase in BTC Trading Volume
7.5.2020
The crypto-friendly bank saw an increase in the number digital currency customers and Bitcoin trading volume in the first quarter of 2020
75 Companies Back Facebook Libra’s Competitor Celo
7.5.2020
Celo, a competing project to Facebook’s Libra cryptocurrency, has added 50% more new members to its alliance, bringing the total number of supporting organizations to 75. Some Celo members are also supporters of the Libra project, such as Coinbase Ventures, Anchorage, and Andreessen Horowitz....
Guide Highlights Patchwork of Crypto Tax Laws in Latin America
7.5.2020
New research has highlighted a patchwork of laws, confused regulations and unusual concepts governing crypto taxation in Latin America
Bitcoin Price Knocks Out Key Resistance Level as Bulls Target $9,500
7.5.2020
With only 4 days until the halving, Bitcoin bulls knocked out a key resistance at $9,140-$9,200 and are now targeting $9,500
3 Reports Look at North Korea’s Lazarus Group, Iran’s Farhad Exchange, and the Crypto Ponzi Futurenet
7.5.2020
On May 4, 2020, the blockchain surveillance firm Chainalysis published a three-part series covering a crypto Ponzi scheme, North Korea, and Iran’s use of digital currencies like bitcoin. The company’s research papers discuss the Poland-based crypto Ponzi called Futurenet, a hosting...
Bitcoin Is a Digital Asset Says Intermediate People’s Court in China
6.5.2020
A court dispute between an international couple and four Bitcoin robbers has come to an end
Most of Cash App’s $528M Revenue in Q1 Came From Bitcoin
6.5.2020
Square reports that Bitcoin composed the bulk of Cash App’s revenue in the first quarter, though it added much less to profit
Novogratz Alludes Stimulus Causing Recent Bitcoin Uptrend
6.5.2020
Mike Novogratz suspects Bitcoin's recent upward price action is a result of the U.S. government's corrective economic measures
Bitcoin Revenues in Square’s Cash App Top Fiat Revenues for First Time in Q1
6.5.2020
Bitcoin profit through Square’s Cash App was $7 million in the first quarter of 2020. It earned $8 million in bitcoin profit through the whole of 2019