CoinShares, a crypto investment advisory firm released a research report discussing various outcome scenarios of the upcoming Bitcoin block reward halving and its impact on the crypto industry. The halving event has brought back the attention on Bitcoin more than ever as it is evident from Google metrics data showing Read more…
On May 6, Square released its filings for the first quarter of 2020. The filings publicized revenue for Square’s Cash App, a majority of which came from Bitcoin. The numbers for Q1 and Bitcoin’s role $306 million of Cash App’s $528 million revenue for the first quarter of the year came Read more…
DigiByte (DGB) was propelled into the top 30 cryptocurrencies by market cap on May 5, after recording 930% growth against the dollar in under two months. This sudden growth spurt by DigiByte is all the more surprising considering the coin is not, and has never been, listed on the largest Read more…
Biconomy has launched a relayer infrastructure that simplifies the use of integrated dapps. The protocol lets developers cover gas fees on small transactions, reducing friction and improving user experience. Dapps that integrate Biconomy’s infrastructure will have an easier time quickly onboarding new users. Gas free transactions are coming to DeFi. Biconomy launched their Read more…
Bitcoin core had 510 commits in April alone. This is the most amound of commits in a single month. There are over 800 contributors to the protocol. Bitcoin’s developers have been incredibly busy in the weeks leading up to the Bitcoin halving. In April alone, Bitcoin Core had 510 commits, Read more…
Galaxy Digital CEO Mike Novogratz says that institutional money is now flowing into Bitcoin (BTC) during his recent appearance on CNBC’s “Closing Bell.” According to the former Wall Streeter, many hedge funds are expected to make announcements about adding the benchmark cryptocurrency to their baskets of assets: We are seeing lots of Read more…
Bitcoin Manipulation Abatement, LLC has filed a lawsuit against Ripple and its CEO Brad Garlinghouse alleging securities laws violations. The lawsuit claims XRP was sold and marketed as a security. Ripple currently faces multiple lawsuits from investors in California claiming damages over the sale of XRP. A new class-action lawsuit Read more…
American investor and billionaire hedge fund manager Bill Ackman netted $2.6 billion in one trade. Ackman executed a perfect trade during the coronavirus pandemic after predicting in February the market would fall. American investor and hedge fund manager Bill Ackman completed what is being called the “single best trade of Read more…
Dominance charts show high levels of stress in crypto market fundamentals. Bitcoin strives to win, while Ethereum strives to resist in front of the king. Ripple Ltd’s poor results impact on an XRP lacking in positive news. The fight for market dominance between Bitcoin and Ethereum has taken its toll Read more…
Bitcoin’s recent rally has closely coincided with a trend of investors fleeing exchanges It appears that the two primary factors behind this trend are degrading trust in centralized platforms coupled with more investors moving towards a long-term “hodling” strategy Either way, this trend does bolster Bitcoin from a fundamental perspective Read more…