The recently-released June 2021 edition of Bloomberg research report “Bloomberg Commodity Outlook”, which was written by Mike McGlone, a Senior Commodity Strategist at Bloomberg Intelligence (Bloomberg’s research arm on the Bloomberg Terminal”), is quite bullish on the outlook for both gold and Bitcoin in H2 2021. Here are some highlights from this report: The “mainstream migration trend” seems strong as evidenced by the popularity of several Bitcoin ETFs […]

The second-largest cryptocurrency by market capitalization, Ethereum, has the highest “real use potential” according to analysts at Goldman Sachs, and it could one day overtake Bitcoin as the go-to store of value in the cryptocurrency space. In a note sent to clients, first reported on by Business Insider, Goldman Sachs predicted Ethereum’s market capitalization could overtake Bitcoin’s market capitalization one […]

At press time, the price of Bitcoin sits comfortably at $34,229, while sustaining mild losses below 3%. But the big bull might not remain at this level for too long, as a new pattern in the market has shown that Bitcoin has the potential to hit $50,000 this month. A $20k pump in the near term Cryptocurrency analyst and trader […]

UK-based major cryptocurrency mining firm, Argo Blockchain, revealed that it is looking at a potential secondary listing on Nasdaq. Argo Explores Nasdaq Listing  The company made the announcement via Twitter on Tuesday (July 6, 2021), while giving its operational and strategic update for June 2021. According to Argo Blockchain, the firm has not decided on a definite time for the […]

HODL or ‘Hold on for Dear Life’ has been for some time now a mantra for crypto investors/traders and in the De-Fi space. It simply means buying an asset and holding onto it without selling even when the price fluctuates. HODLers  have also termed themselves as having Diamond Hands. However, asked, about 80% of those who held onto Bitcoin the […]

Bitcoin (BTC) gets a major adoption push in Ukraine as e-bank Monobank mulls offering BTC trading in July. Monobank to Launch Debit Cards with Bitcoin (BTC) Trading Features Bitcoin adoption the world over continues to expand with the latest development being the decision of major Ukranian e-banking application Monobank to launch a debit card featuring BTC trading. In a Telegram […]

Outspoken conservative Republican Senator Cynthia Lummis has invited Bitcoin miners to her state of Wyoming. Speaking to CNBC, she expressed her approval of the ability of Bitcoin mining to use about 40% of renewable energy sources compared to traditional mining methods that only use about 12%. This comes in the wake of China cracking down on Bitcoin miners after banning […]

Bitcoin has just experienced its biggest downwards difficulty adjustment ever since its invention in 2009. The difficulty to mine a block has fallen by -27.94%, meaning it is now close to 30% easier and more profitable for current miners. In about two weeks bitcoin’s difficulty is estimated to fall again by -28.13% with this gradual adjustment so reflecting a more […]