CCN interviews the CEO of Canada’s first bitcoin mutual fund, who says that the country is more blockchain-friendly than the United States.
A recent study from Chainalysis shows that the BTC market has become more stable and less susceptible to hype over the summer.
A new data report says that companies and long-term investors do not hold much bitcoin but it is the active individual users who hold an increasing amount of bitcoin in their wallets. As of August 31, as per the report, the number of bitcoin held in individual wallets whose transactional level was a mid-range one was found to be 4.8 million bitcoin or 32 percent approximately. It has increased by 1 million from the end of 2017, where 3.8 million or 26 percent of bitcoin was found in the wallets of individuals. However, the numbers in July were slightly higher than that of August, where 4.95 million or 33 percent of bitcoin were held. Bitcoin is held as an inactive investment. Be it institutions or individuals, 6.3 billion Bitcoins were held in accounts showing no activity for the past one year. During the summer of this year, there has been a stability in monetary aggregates. To be specific, the amount of bitcoin held for speculation remained steady at 22% from May to August, and the amount of bitcoin held for investment during the summer was stable at an average of 30%. “Neither long-term investors nor new speculators have changed their positions much this summer. This suggests that the market will make a major move, for better or worse, only in response to a fundamental change. For example, restrictive regulation, new use cases, or technology improvements —such as the lightning network— could act as catalysts of change. Regardless, the continued presence of both long-term investors and new speculators suggests that bitcoin has maintained the growth in its user base from year-end 2017. As such, the first challenge of adoption —getting cryptocurrency into people’s hands— has been overcome, but we are now waiting to see what the next stage of adoption looks like,” said the report by Chainalysis. See Also: Businessman Parker released after captors demand 50 bitcoins as ransom Bitcoins will fluctuate, get used to it: Jeffrey Tucker Image via Shutterstock Join our Telegram group
Since 2013, Bitcoin has seen a sharp rally in the last quarter of every year, except 2014.
Bitcoin mining company AntPool, owned by Bitmain, one of the largest manufacturers of mining rigs in the world, landed a sponsorship deal with professional U.S. basketball team the Houston Rockets, The South China Morning Post reported on September 24, 2018. Bitmain Sponsors NBA’s Houston Rockets Bitmain Technologies, the world’s biggest…
On October 9, 2018, the international company Smile-Expo will host the second Blockchain & Bitcoin Conference Switzerland – large event about
Dr. Craig Wright, the Chief Scientist of nChain, popularly known as Faketoshi spoke about the use-case of Bitcoin Cash [BCH] in Africa and how it can improve the economic status of the country, during a conversation with CoinGeek. Craig was questioned on how Bitcoin Cash [BCH] and the blockchain technology matter in terms of trade […]
In Douglas Borthwick’s opinion, Satoshi Nakamoto didn’t understand “macroeconomics” as he puts it. He further says holders of the Bitcoin
In the chart below, we can see that this upwards trend line has been holding quite nicely for the past several months and has remained in tact since the last post. As we have approached this larger…
A new report from the Bank of International Settlements (BIS) contends that bitcoin markets are swayed by news events related to regulation.
One of Bitmain’s biggest rivals is ready to give the bitcoin mining giant a run for its money as both firms prepare to go public in Hong Kong.
The world’s leading cryptocurrency continues to dwarf all other tokens on the market today, as shown on the Bitcoin Dominance Index.
After seeing a price drop over the weekend, Bitcoin [BTC] is looking to make a recovery. However, the charts seem to have something else in store for the coin’s price. 30 minute: A pattern is forming between the $6150 – $6570 and $6750 – $6700 trendlines and is indicative of a potential breakout soon. The […]
On 23rd September, The Baltic Honeybadger 2018 Bitcoin conference was held in Riga, Latvia. Matthew Mezinskis, host of CryptoVoices podcast organized a panel discussion where some high profile speakers were invited. Tone Vays, a Bitcoin Maximalist, and host of Crypto_Scam podcast were accompanied by Whale Panda, a Bitcoin Accumulator and Florian Maier, a Software Engineer & Security […]
As the Bitcoin network grows, so too does the concern around its environmental impact, and with good reason. Bitcoin consumes more electricity than the entire island of Ireland, and that power consumption is set to steadily rise in the coming years. Beyond the electricity required to run the network, there are the materials required to