Tag Archives: social

Bitcoin (BTC)’s performance this year is modeling that of previous 4-year market cycles, signaling the early innings of another potential bull market, according to market analysis firm Reflexivity Research. The firm published a report this week exploring drivers behind the asset’s strong performance in Q2, examining both market structure and on-chain data. Who Is Buying Bitcoin? As the report states, Bitcoin’s present tailwind to two critical events this year: the banking...

Similar to previous weekends, bitcoin has calmed and failed to produce any substantial volatility in either direction during the weekend as the trading volumes have declined. Most altcoins are with insignificant daily increases and decreases, aside from BONE, INJ, and SHIB. BTC Stalls at $30K After the previous calm weekend, bitcoin finally went on the offensive on Tuesday but was stopped in its tracks at just over $31,000. The subsequent rejection drove it south down to...

One of the leading cryptocurrency mining companies – Marathon Digital – produced 979 BTC in June, 21% less than the 1,245 BTC mined in May. As of the end of last month, the company owned 12,538 BTC, making it one of the biggest corporate holders of the primary digital asset. The June Figures The US-based BTC miner announced that the extremely hot weather in Texas last month and the emergence of Ordinals, which “significantly increased transaction fees,” have negatively...

Simon Hoadley – a 66-year-old retired financial advisor who lives in East Sussex, the UK – has reportedly become a victim of a “horrendous” cryptocurrency scam that drained nearly $100,000 from him. Fortunately, legal experts managed to recover nearly all the lost funds. Scammers Have No Mercy As reported by Mirror, Hoadley was looking to earn some extra money during the COVID-19 pandemic as his dad was dying from cancer, whereas his wife was living in a care home. At that...

Bitcoin (BTC) has treated its faithful well in 2023, having appreciated over 80% year to date. However, there may be better ways for investors to capitalize on the asset’s success besides stacking actual sats. Here’s a look at how some Bitcoin-related assets and companies are performing next to BTC, from financial companies to mining stocks. Mining Stocks Are Booming Shares for multiple publicly traded Bitcoin miners surged on Friday, including CleanSpark (CLSK; 11.32%), Riot...

Bitcoin went through a volatile end of the week in which it posted a new 13-month high before it slipped under $30,000 but has managed to defend that level. The altcoins are calmer on a daily scale, aside from SOL, AVAX, LEO, ARB, and a few others, which have added some value. BTC Defends $30K The past weekend was quite uneventful, even though BTC went through a rollercoaster that drove it from $31,000 to $29,500 and back up to $30,500 in a matter of hours on Friday. Saturday...

Spot Bitcoin exchange-traded funds (ETFs) are arguably the hottest topic in the cryptocurrency community for the past few weeks, a trend that was only solidified during the last several days. Recall that the SEC deemed all recent filings as “inadequate” last Friday, which put a major shade on all applications on whether they will be added to the growing list of rejections made by the securities regulator. However, all companies reacted swiftly and refiled with more “adequate”...

A joint research conducted by Consensys and YouGov estimated that 92% of the participants are aware of cryptocurrencies. 37% see the asset class as the future money, whereas 26% are on the opposite corner, viewing it as a scam. Residents of the United States and the United Kingdom are more likely to associate digital currencies with fraudulent schemes. The Sentiment Toward Crypto and NFTs The survey, which spread across the Americas, Asia, Europe, and Africa and questioned...

According to a KuCoin research, 49% of German crypto investors believe digital currencies could help them achieve long-term wealth accumulation plans. Every fourth thinks the asset class could serve as a store of value amid the current economic turbulence. Most German crypto investors fall in the Generation Y demographic group, also known as Millennials (those born between the 1980s and the late 1990s). A Closer Look The survey revealed that Millennials account for 51% of the...

John Michael Musbach – a 34-year-old resident of Haddonfield, New Jersey – was reportedly sentenced to six and a half years in jail for hiring a hitman to commit a murder. He transferred $20,000 worth of BTC to the “executor” to kill a kid that was about to testify against him in a child-pornography case. Moreover, the youngster was the victim.  The Gruesome Crime That Led to the Punishment According to recent coverage, Musbach exchanged sexually explicit videos and...