The below is from a recent edition of the Deep Dive, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now. As most people who own bitcoin know, price drawdowns that are greater than 50% have been a regular […]
Read MoreCryptocurrency traders are inadvertently pumping the price of a little-known altcoin they believe belongs to a project conceived by Sam Altman, former president of tech startup accelerator Y Combinator. Altman, co-founder and CEO of artificial intelligence firm OpenAI, unveiled his “Worldcoin” (WC) project earlier on Thursday, promising fair distribution among as “many people as possible.” […]
Read MoreA little-known altcoin is in the midst of a meteoric price rally after gaining support from crypto exchange leader Coinbase. In a new blog post, the company announced that it will launch support for Assemble Protocol (ASM) on Coinbase Pro. The move sent the low-cap coin’s price skyrocketing 217% from $0.03 to $0.10 in […]
Read MoreBitcoin (BTC) broke its all-time high price level following the launch of ProShares’ Bitcoin Strategy exchange-traded fund (ETF), BITO, on Tuesday, but JPMorgan Chase strategists believe the key driver behind the price jump is investor concern over inflation. The BITO launch, which saw the highest-ever first-day natural volume for an ETF, is “unlikely to trigger […]
Read MoreTurkish President Recep Tayyip Erdoğan said, “We are in a war against cryptocurrencies,” on September 18, 2021. Merriam-Webster defines war as “a state or period of fighting between countries or groups.” I am guessing that the war Erdoğan mentions here is a war between Erdoğan’s tribe and Bitcoin, as the citizens of the country are […]
Read More“I think the most interesting thing to me about this data is that we’re seeing both developing in parallel (roughly 4/10 using Polygon alongside Eth, 6/10 using just Polygon). There are certainly many teams that are launching and growing natively on Polygon, but also a substantial group using Polygon to deepen what they started in […]
Read MoreTL;DR Breakdown Avalanche price analysis is bearish today. AVAX is currently trading at $56. Next support at $50. The Avalanche’s price is now bearish, as a solid downside was observed over the past 24 hours following a clear lower high on Saturday. As a result, we believe AVAX/USD will continue to fall later today and […]
Read MoreSEC Chair Gary Gensler and Proshares CEO Simeon Hyman discussed the launch of the first Bitcoin-linked ETF in a CNBC breaking news segment on Tuesday. Proshares Bitcoin Strategy ETF, also known as BITO, is based on CME Bitcoin futures contracts. CNBC commentator Bob Pisano shared concerns from some investors that BTC futures could deviate from […]
Read More“After the U.S. experience during the Great Depression, and after inflation and rising interest rates in the 1970s and disinflation and falling interest rates in the 1980s, I thought the fallacy of identifying tight money with high interest rates and easy money with low interest rates was dead. Apparently, old fallacies never die.” –Milton Friedman, […]
Read More“This project went well beyond previous blockchain initiatives because it successfully tested most central securities depository and central bank processes whilst eliminating current interim steps, such as reconciliation between market intermediaries,” said Soren Mortensen, global director of financial markets at IBM as cited in the report. “We are rapidly moving towards fundamental change in the […]
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