The Chinese crackdown on the cryptocurrency industry saw over 50% of the hashrate of Bitcoin mining go offline. The Bitcoin network has however shown its resilience as it is recovering remarkably well from the FUD generated by the crackdown on Bitcoin mining in China. Recent reports show that on one hand, a hashrate recovery is underway as the Chinese miners […]

Bitcoin traded above $48,800 on August 20 for the first time since May 17, holding the trading range between $46,000-$48,000 tight for the past three days. The top coin has soared 3.93% in the last 24 hours, to trade at $48,429 at the time of writing. Several crypto analysts speculate that the trend is consistent with bitcoin’s attempt to break […]

A newly released BlackRock filing with the Securities and Exchange Commission (SEC) dated June 30, 2021, has revealed that the firm has invested more than $382 million in the shares of Marathon Digital and Riot Blockchain, making it the second-highest shareholder of both bitcoin (BTC) mining companies, according to a Forbes report on June 19, 2021. Blackrock Enters Bitcoin Mining […]

PlanB, the creator of the Bitcoin stock-to-flow (S2F) model, has been using it to forecast the price movement of Bitcoin. PlanB has reaffirmed that the model is still in play. The novel sign pointed to data from June that forecasted based on the model, that the floor price or worst-case scenario of Bitcoin for September would be $43,000, stating that […]

Cryptocurrency whales have moved more than $222 million worth of stablecoins into centralized cryptocurrency trading platforms after the price of bitcoin dropped from around $48,0000 to $44,700 at press time. According to a post shared by on-chain analytics firm CryptoQuant, the large Stablecoin inflows to exchange is typical for “whales and/or institutional entities to wait in the shadows to capitalize […]

With the Bitcoin price currently down 5-6% from its intraday high on August 14, which was just above the $48,000 level, some newcomers to Bitcoin are feeling a little nervous despite the fact that price of BTC has surged over 53% to roughly $45,350 since its intraday low of around $29,600 on July 20. When popular crypto analyst and influencer […]

Despite bitcoin fast proving to be a monetary standard and store of value, the Dallas Mavericks boss Mark Cuban who sees it as more of a digital version of gold than a currency is not a fan. On Friday, a seemingly irate Bitcoiner sparked a spirited discussion pointing at the American Billionaire about a recently published piece on CNBC where […]