GBTC Stealing Bitcoin Spot Demand

The below is an excerpt from a recent edition of the Deep Dive, Bitcoin Magazine‘s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now. The Grayscale story is very well known at this point. It’s an open-ended trust that found a workaround to the U.S. Securities and Exchange Commission’s (SEC’s) egregious regulations and figured out a way to deliver bitcoin exposure to institutional capital and brokerage accounts before nearly everyone else. You have to give…

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Bitcoin may lose $30K price level if stocks tank, analysts warn

The ghost of stock market crash is back again to haunt Bitcoin (BTC). It happened last in March 2020. Back then, the prospect of the fast-spreading coronavirus pandemic led to lockdowns across developed and emerging economies. In turn, global stocks crashed in tandem, and Bitcoin lost half of its value in just two days. Meanwhile, the U.S .dollar index, or DXY, which represents the greenback’s strength against a basket of top foreign currencies, has now climbed by 8.78% to 102.992, its highest level since January 2017. The huge inverse correlation showed that…

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Paraguay Will Soon Announce Adoption Of Bitcoin By Next Month

Last updated Jun 19, 2021 Paraguay’s National Deputy confirmed, plan of formal legalization of Bitcoin by next month July. Currently discussion is going on and this is almost 99% confirmed that they will adopt Bitcoin like El Salvador. Since February 2021, It became common for many government entities to show support for Bitcoin with ” layer eyes profile picture ” . And now the trend is going at tremendous levels to support Bitcoin.  After the historical decision in the Cryptocurrency history by Nayib Bukele to adopt Bitcoin as a legal…

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Discussing Taproot’s Lock In – Bitcoin Magazine: Bitcoin News, Articles, Charts, and Guides

Watch This Episode On YouTube Listen To This Episode: As discussed in previous episodes, Taproot is a Bitcoin protocol upgrade that will make smart contracts more compact, private and flexible. Van Wirdum and Provoost also discussed the Taproot upgrade process in prior episodes, including the Speedy Trial activation method adopted by Bitcoin Core. About a week ago, the Speedy Trial signaling threshold was reached, which means Taproot is locked in and will activate later this year. The hosts went into further detail about what this means exactly, and what needs…

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Perlin (PERL) price gains 100% as the focus on green energy solutions intensifies

Generating momentum and attracting investor attention can be a challenge during the best of times in the cryptocurrency market and it is an even bigger challenge when the markets are choppy like the entire crypto ecosystem has been the past couple of months.  Despite the recent downturn, Perlin (PERL), which has managed to rally 140% from a low of $0.052 on June 8 to a high of $0.134 on June 18 as its average 24-hour trading volume surged from $3 million to $122 million. PERL/USDT 4-hour chart. Source: TradingView Three…

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Spanish Bank BBVA Launches Bitcoin Trading App For Private Customers In Switzerland

Last updated Jun 18, 2021 After a total 6 months of trial by Spanish bank, BBVA Switzerland launched their Bitcoin trading app for their private customers only. BBVA published an article on their official website saying, The largest second bank BBVA will now offer their service of Bitcoin trading application platform for those users who are their private clients. This is the first ever project of BBVA in the field of Cryptocurrency services. And their services are only available for those Clients who are in Switzerland. The crypto trading service…

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Bitcoin $10 Million Price – Bitcoin Magazine: Bitcoin News, Articles, Charts, and Guides

Bitcoin will experience three halvings this decade, the first in 2020, the second in 2024 and the third in 2028. Counting the 2020 halving that already occurred last year, Bitcoin has experienced a total of 3 halvings since its launch in 2009. Historically, in the year following each halving, the bitcoin price shoots up exponentially due to an increase in demand and decrease in supply in the market. But there is a new type of demand in the market, one that weighs far heavier than the original demand by retail…

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Hawkish Fed comments push Bitcoin price and stocks lower again

Bitcoin (BTC) and the wider financial markets faced a new wave of selling on June 18 following comments from James Bullard, the president of the United States Federal Reserve Bank of St. Louis, indicating that he expects the first interest rate increase to happen in late 2022.  Bullard’s comments were even more hawkish than Wednesday’s comments from Fed Chair Jerome Powell, who indicated that the rate hikes would come in 2023. Powell’s comments triggered a sell-off across financial markets as the U.S. dollar gained strength. U.S. dollar currency index. 4-hour…

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Elon Musk Laughed At SHIBA INU Community As They Tweeted Nobody Will Use DOGECOIN

Last updated Jun 18, 2021 Elon Musk made fun of the Shiba Inu Team tweet about DogeCoin. Since the tweet was started from another thread but endup with an Elon Musk tweet. Elon Musk , CEO of Tesla & SpaceX responded against a negative tweet about DogeCoin. The negative tweet was tweeted by the community of Shiba Inu Team’s member.  A thread was on discussion on twitter regarding investment in Cardano and in the Defi Titan project by Mark Cuban.  The whole discussion touched Dogecoin. And then Shiba Inu Team…

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Overview Bitcoin’s Cryptography – Bitcoin Magazine: Bitcoin News, Articles, Charts, and Guides

I’m going to talk about the security behind Bitcoin addresses and keys, called Public Key Cryptography. This includes SHA256, Random Number Generators(RNGs), Hash Functions, and Elliptic Curve Digital Signatures (ECDSA.) If you have questions beyond this, please feel free to DM me. I am a mathematician by training, and I have a deep love for it. If you find that you have a new interest in cryptography as a hobby, there are many people who create cryptographic algorithms for fun, and their community can be helpful for your journey. I…

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