China is still dominating the Bitcoin mining chart, by far. But their dominance is slowly decreasing. The United States miners returned to the second place after deposing Russia, which now occupies the third position. Iran’s hash rate places the country on the sixth place. On May 4th we reported that Iran issued a license for […]
Breaking News
- Mike Novogratz: Bitcoin Will Continue To Go Up Following The Halving
- Mark Yusko: Bitcoin Will Reach Gold’s Market Cap & 1 BTC Will Be Worth $500k
- Bitcoin Experienced Third Halving in Its History
- Raoul Pal from Global Macro Investor: BTC to Hit $1M in the Long Run
- Paul Tudor Jones is Bullish on Bitcoin Because it is ‘Undervalued Relative to Gold’
Crypto Snippets
Bite-size crypto news
Crypto Snippets
Bite-size crypto news
BTC Could Hit $10K While Mining Ramps Up
Bitcoin could hit $10K while mining ramps up. This is CoinDesk’s Markets Daily podcast: Source: CoinDesk.com
Tether’s On-chain Data Could Forecast Bitcoin Bull Runs
In the wake of the third Bitcoin halving, the leading cryptocurrency is increasingly showing bullish signs. Institutional investors appear to expect a Bitcoin bull run as well, since the futures on the Chicago Mercantile Exchange broke new records. Brian Quinlivan, told Cointelegraph on May 7 that the percentage of USDT held on exchanges often anticipates […]
US Regulators to Decide the Fate of XRP
A new lawsuit filed by the Bitcoin Manipulation Abatement against Ripple states that XRP was marketed as a security and the company defrauded investors and sold $billions worth of XRP. According to the lawsuit, Ripple created XRP exclusively to make a few people wealthy, mainly the Ripple founders. Read more: CryptoGazette.com
Bullish About the Bitcoin Halving
Stock-to-Flow Model prediction model is facing its biggest ever test, with its end-of-year price target now at $30,000. According to the model, BTC/USD should hit $30,000 by the end of 2020. With less than two weeks left until the halving, Bitcoin continues to perform really well, especially in comparison with oil and gold. Historically, the […]
Peter Brandt: Bitcoin Fundamentals Hint At $100k
An important financial trader, Peter Brandt, said that Bitcoin fundamentals are suggesting that the coin is poised to rally up to $100,000. “The Bitcoin narrative makes sense to me. It makes me want to say Bitcoin is going to the moon – $50,000 Bitcoin, $100,000 Bitcoin. But boy, is there a big caveat to that,” […]
‘Billions’ Season 5 Opens With Bitcoin Mining Bust
The first episode of the fifth season of Billions opened up with a surprise: a scene about Bitcoin. Chuck Rhoades, the attorney general of New York in the drama series, questioned the leader of an illegal bitcoin mining farm after dismantling the organization: “So your multitude of computers and servers could solve some abstract math […]
Max Keiser: Warren Buffett ‘Killed His Reputation’ by Being Stupid About Bitcoin
Warren Buffett has missed many investment opportunities in the past, especially in the tech sector. He is also a harsh critic of Bitcoin, which is probably a consequence of not being able to understand the technology. Buffett’s “Berkshire Hathaway” reported a $50 billion Q1 loss. Consequently, Max Keiser tweeted that Buffett “killed his reputation by […]
Iran Issues License for Biggest Bitcoin Mining Farm: 6,000 Machines
A Turksih cryptocurrency company, iMiner, has been granted a license to mine digital coins in Iran. According to PressTV (via Iranian news website, Tabnak), “the Bitcoin mining farm set up by iMiner with 311 billion rials ($7.3 million) of investment is the biggest in Iran, where 6,000 machines will be producing cryptocurrencies.”
Bitcoin’s Third Halving: Is BTC the Solution to Our Failing Monetary System?
The third Bitcoin Halving is merely days away. Historically, the previous two events have been followed by a massive rise in the price of the dominant crypto asset. Bitcoin was born in the wake of the last financial crisis, and it may come of age in this one. While governments and central banks create new […]