As the crypto market continues to bleed over the past days, the Grayscale Bitcoin Trust (GBTC) shares have widened their discount in relation to the underlying crypto held in the fund. GBTC Premium at New Lows According to recent data from Coinglass, the trust’s negative premium hit a new all-time low (ATL) as bitcoin struggles around the $35,000 mark. The GBTC has been trading on a steady decline since February last year, with the premium now sitting at 30%. The Grayscale...
Read More »Mercado Libre Made a Strategic Investment in Paxos and Mercado Bitcoin
The largest e-commerce firm in Latin America – Mercado Libre – acquired shares in the 2TM Group (a parent company of the cryptocurrency platform Mercado Bitcoin). Separately, it made a “strategic investment” in another digital asset-oriented organization Paxos. Jumping into Crypto Once Again The leading Argentinean e-commerce platform Mercado Libre, which has displayed a pro-crypto stance during the last several months, continues to support the industry. The company recently...
Read More »Bitcoin and Ether Price Crash: BTC Below $36K, ETH Below $2,500
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Read More »PTLCs : Pour des transactions Lightning plus confidentielles
« Si le Lightning Network est si utile aujourd’hui, c’est en bonne partie grâce à la possibilité d’y router des paiements : si Alice souhaite payer Bob, il n’est pas indispensable qu’elle ait un canal direct avec lui. A la place, elle peut avoir un canal avec Carole et, si Carole a un canal avec Bob, passer par ce dernier pour atteindre Bob. Avec ce fonctionnement se pose une nouvelle question :...
Read More »Market Watch: Cryptocurrencies See Double-Digit Drops After Wall Street’s Friday Bloodbath
The bears continue to have complete control over the cryptocurrency market with numerous double-digit price losses from almost all assets. This comes just hours after the US stock market dumped in value again. Bitcoin Dumps $8K in Two Days It’s safe to say that the primary cryptocurrency has seen better days. In fact, they weren’t all that long ago as the asset jumped to $43,500 on Thursday following a $1,500 price hike. However, the situation changed vigorously hours later....
Read More »Bitcoin : Un nouveau record de difficulté pour les mineurs
La difficulté de minage de Bitcoin a battu hier un nouveau record, dépassant de plus de 6% celui de mai 2021 (avant les restrictions en Chine). Ce niveau impressionnant, combiné à la baisse importante du cours (- 10% en 24 heures et – 25% en un mois), promet des jours un peu moins faciles pour les mineurs. Rappelons que la difficulté de minage est un paramètre qui varie de façon à maintenir un...
Read More »Singapore Looks to Place a Limit on Crypto Advertising
Singapore is telling all crypto companies within its borders to cease advertising their products and services to members of the public. This rule also applies to any banks or traditional institutions that offer crypto. They are not allowed to produce any advertisements and they cannot show these ads in public areas like on buses or trains, websites, social media, physical ATMs, or broadcast and print media. Singapore Looks to Prevent Crypto Companies from Producing Ads...
Read More »SkyBridge Joins the SEC’s List of Rejected Spot Bitcoin ETFs
The U.S. Securities and Exchange Commission (SEC) has, once again, rejected a spot bitcoin ETF application. It was filed earlier by the investment management company First Trust Advisors and the hedge fund SkyBridge led by Anthony Scaramucci. In a statement published on Thursday (January 20, 2022), the SEC said the reason for the rejection was that they failed to meet the requirements. According to an excerpt from the SEC document: “Because NYSE Arca has not demonstrated that...
Read More »Cathie Wood: El Salvador Has Nailed BTC
Cathie Wood of Ark Invest believes El Salvador is on the right path when it comes to bitcoin innovation. She is very excited about all the fantastic progress the country has made in terms of BTC adoption, and she’s confident things will only get better from here for residents of the nation. Cathie Wood on El Salvador: The Country Has the Right Idea Wood stated that one of the big things El Salvador has done well is open the doors of an industry that at one time, was very...
Read More »Despite the Price Crash: Bitcoin Hash Rate and Mining Difficulty at ATH
While bitcoin’s price went through another steep correction in the past 24 hours, the network’s robustness only increases. The BTC hash rate recently tapped a new all-time high, while the mining difficulty went through a 9% positive adjustment, leading to a peak of its own. Hash Rate and Mining Difficulty See ATHs Ever since the summer of 2021, when the Chinese authorities ousted bitcoin miners and the hash rate dumped by 60% in weeks, the metric has been gradually recovering...
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