Bitcoin (BTC)

Michael Saylor, the co-founder and executive chairman of American business intelligence firm MicroStrategy, has shared what he thinks will happen to bitcoin (BTC) in the next eight years while outlining how it will come into play. In a recent interview with Cory Klippsten, the founder and CEO of Swan Bitcoin, Saylor noted that he sees bitcoin becoming a global store of value by 2031. Institutional Adoption According to him, institutional adoption is one of the first drivers...

The Miss Universe 2023 contest had various show-stopper moments during its National Costume Competition today.  But for the cryptocurrency sector, it came when El Salvador’s Alejandra Guajardo sashayed the stage in a Bitcoin suit.  Alejandra Guajardo. Source: RedditBTC on Miss Universe Stage  The 27-year-old actress and model showcased the evolution of her country’s currency through a dress she wore at the Miss Universe contest. She came on stage in a golden bitcoin outfit,...

The scale of the financial damage to crypto investors last year was colossal. Not just from FTX International going under but also the rest of them: Three Arrow Capital, Celsius, Genesis, Gemini, Voyager Digital, and BlockFi. The Bitcoin price still hasn’t recovered from the ongoing streak of crypto bankruptcies, although it deleted some of the losses from the FTX fiasco. Over crypto exchanges, BTC kept taking steep discounts all year. Every new bankruptcy headline plunged...

The mining data site Hashrate Index has released a report reflecting on the state of the Bitcoin mining industry throughout 2022.  The analysis examines the steep decline in mining profitability in 2022 compared to 2021 amid plummeting Bitcoin prices and a rising hash rate.  The Hardest Hitting Bear Market Per the report published on Wednesday, Bitcoin’s hashprice reached an all-time low of $55.94/PH/day in November of last year. Hashprice is a dollar-denominated measure of...

Two weeks into the year, and crypto markets are rebounding. The Bitcoin and Ether price are each up some 20% on the seven-day chart. But a recent study of altcoins aims to give crypto investors pause before they go trading the rally. When the market makes a move like this, crypto traders often shuffle. They make trades to scoop profits, make hedges, or take long positions in the coin they think will gain the most next. This can result in an increase in volatility in crypto...

The rally from the past two weeks has pushed the cumulative market cap of all crypto assets to above $1 trillion for the first time since the FTX debacle. This comes amid the massive price surge from several altcoins, such as Solana, Polkadot, Polygon, Avalanche, and others. The start of 2023 has been quite spectacular for the cryptocurrency market following the painful 2022. The largest digital asset went from around $16,500 to over $21,000 in about two weeks. This 27%...

Australian law enforcement agents are claiming that crypto has become the number one go-to tool for those looking to commit money laundering or financial fraud. Australian Authorities Issue Crypto Warning Senior executives of the Australian Transaction Reports and Analysis Center (AUSTRAC) claim crypto has become part of the “money laundering tool kit,” and that using digital currency technology to sneak and hide funds from prying eyes has become standard behavior in the...

Glassnode released its first on-chain video report of 2023 on Tuesday, reviewing what could be data-based indicators of an emerging crypto bull market.  The firm noted that both Bitcoin and Ether’s price and on-chain activity have seen little volatility since the year began – a period like others that have historically preceded “explosive market moves.” Starting Off Slow As explained by Glassnode’s lead analyst James Check, Bitcoin has been stuck trading within a roughly $550...

It has taken bitcoin just a little over two months to recover from the damages done by the collapse of SBF’s former crypto empire, as the asset skyrocketed to over $21,000 earlier today. Most alternative coins saw an equally if not more impressive rally in the past week or so, culminating in double-digit price surges on Friday and early Saturday. BTC Topped $21K After a violent year, which saw the demise of former crypto giants such as Terra, 3AC, and Celsius, the end of 2022...

Traduction d’un article d’Adam Popescu publié le 13 janvier 2023 dans le MIT Technology Review. Pourquoi le parc national le plus célèbre du Congo parie lourd sur la crypto Bardé de chargeurs, l’AK-47 est lourd, mais l’homme qui le tient ne bronche pas tandis qu’il patrouille dans une montagne densément boisée. Ici, dans l’est du Congo, où cette vieille arme soviétique ne coûte que 40 dollars sur le marché noir, les milices utilisent son dawa – sa magie –...