Big relief! The ECON committee of the EU Parliament voted against the idea of banning Proof-of-Work-based cryptoassets in the European Union. 32 members voted against and 24 in favour of the measure: BREAKING: The ECON committee of the EU Parliament just voted against the de-facto POW-ban: 32 against, 24 in favor. Big relief & political […]
Crypto Snippets
Bite-size crypto news
Crypto Snippets
Bite-size crypto news
Scarcity: Only 2.5 Million Bitcoin Left to Mine (Just 11.9% of the Total Supply)
Everyone knows by now that the total number of Bitcoin (BTC) that can be issued is 21 million. According to a recent tweet from ChartBTC, there are little over 18.5 million BTC circulation, which means that there are less than 2.5 million Bitcoins left to be mined – that’s about 11.9% of the total BTC […]
Fund Management CEO Predicts $100k BTC
Su Zhu, the CEO of the fund management firm Three Arrows Capital, has made a prediction that is now going viral. The CEO said that because Bitcoin held above the $10,000 support, “$100,000 is more likely than $5,000 at this stage.” “ETH $320 as a bottom made sense and played out; BTC I am actually […]
Highly Bullish: Top 10,000 Addresses Hold 94% of the Available ETH
An audit of Ethereum’s top 10,000 wallet addresses suggests an incredibly bullish outlook: Ethereum 2.0 staking will likely cause a new bull run. Analyst Adam Cochran has done a manual audit of Ethereum’s 10,000 biggest wallets and discovered that: – 17% of Ether (ETH) is held by just 10 addresses; – the top 10,000 addresses […]
3 Reasons Why Ether (ETH) Looks Bullish
1. Real-world use of Ether (ETH) is rising. 2. The number of daily transactions on the Ethereum blockchain has almost doubled in 2020. 3. Institutional investors are investing in ETH. Grayscale reported a record $110 million inflows into its Grayscale Ethereum Trust in Q1 of this year. Source: CryptoGazette.com It’s also worth noting that ETH […]
Bitcoin is Creating a New Economic Elite This Year
Bitcoin (BTC) has proven very resilient in the worst economic crisis of our lifetime, and has overtaken gold as the best performing asset of 2020. Meanwhile, the FED is printing unlimited money, which is estimated to cost us at least $1 trillion. The reason why people trust Bitcoin so much is because, unlike USD, its […]
10 Years Ago, Someone Paid 10,000 Bitcoin for Pizza
Exactly 10 years ago, on May 22, 2010, a developer named Laszlo Hanyecz bought two pizzas for 10,000 BTC. The day is now known as “Bitcoin Pizza Day.” With one Bitcoin now worth around $9200, the total price paid for the two pizzas is approx. $92 million. The #BitcoinPizza would be worth US$91,509,146.67 right now […]
Raoul Pal: Bitcoin Is Heading To $10 Trillion Market Cap
Matt D’Souza, the co-founder and CEO of the crypto mining operation Blockware Solutions, has recently stated that people should not day-trade Bitcoin anymore and simply hold. With a market capitalization of just around $176 billion, Bitcoin can be compared to an average US company. But, according to macro trader Raoul Pal, BTC has along way […]
Anthony Pompliano Sticks to His Prediction: BTC Will be Worth $100k in 2021
Anthony Pompliano has recently stated that traditional investors are starting to look at Bitcoin differently. To prove his point, Pomp mentioned Paul Tudor Jones who became bullish on BTC and has 1-2% of his portfolio invested in the king coin. As another strong sign of the changes to come, Pomp points out to the fact that […]
The Post-halving Bitcoin Predictions Are Very Bullish, According to Experts
The long-awaited and anticipated Bitcoin halving took place on Monday, but the doomsday scenarios (some were expecting BTC to drop as low as $3000) failed to materialize as of yet. In a turn of events, many people in the crypto space are now very bullish on the king coin, with some predicting BTC will surpass […]