Monthly Archives: November 2020

Bitcoiner Elected to US Senate: Cynthia Lummis Sees ‘Great Promise’ in Bitcoin

A bitcoin hodler has won a U.S. Senate seat. Cynthia Lummis is a bitcoin owner who bought her first bitcoin in 2013 because she believes in the economic power of scarcity and the potential for bitcoin to address some of the manipulations in the financial system. Bitcoiner Wins Senate Election Republican candidate Cynthia Lummis has been running to fill the seat of Senator Mike Enzi (R). Lummis, who served as a Wyoming conservative Republican in the U.S. House of Representatives for eight years, will become the first […]

More info

Record $2.9B Bitcoin options open interest follows BTC rally to $14,259

Open interest in Bitcoin options reached a new record at $2.9 billion, signaling that pro traders remain bullish on BTC price. The open interest on Bitcoin (BTC) options contracts has reached a new all-time high at $2.9 billion. Interestingly, this feat happened only five days after the October expiry, which liquidated $400 million worth of options. Bitcoin options total open interest. Source: Skew Over the past six months, the options market has grown three-fold, causing investors to grow more curious about the potential impact upcoming expiries will […]

More info

Bitfury forms MaaS partnership to upgrade $35M Norway data center

The crypto mining firm’s 42-megawatt data center near Mo i Rana is reportedly already powered by 100% renewable energy. Crypto mining firm Bitfury has formed a partnership with a private equity firm allowing it to upgrade its existing $35 million blockchain infrastructure in Norway. According to a Nov. 2 announcement from the Luxembourg-based LIAN Group, the firm has launched crypto mining as a service, or MaaS, by partnering with Bitfury. As part of the arrangement, the LIAN Group will contribute to a full upgrade of Bitfury’s existing […]

More info

Video: Calculating Base Money With Matthew Mežinskis

Listen To This Episode: Apple Spotify Google Libsyn Overcast Matthew Mežinskis is co-host of the Crypto Voices podcast and author of the Crypto Voices Global Monetary Base report. In this episode of Fed Watch, Christian Keroles and I discuss that report’s Q3 2020 update with Mežinskis. What follows is a wide-ranging conversation, from Mežinskis’ “Bitcoin origin story” to the difficult definitions of what money is, and back to a personal walkthrough of visuals contained in this report (please see the YouTube version of the podcast for this […]

More info

Price analysis 11/4: BTC, ETH, XRP, BCH, LINK, BNB, LTC, DOT, ADA, BSV

After reaching a new 2020 high, Bitcoin traders are fighting to flip $14,100 to support and Ethereum is attempting to do the same to the $400 level. Today Bitcoin (BTC) price briefly pushed through the $14,100 resistance to achieve a new 2020 high at $14,259 before pulling back to retest $14,100 as support.  Although this level represents a critical resistance, data suggests that Bitcoin whales are not closing their positions in a hurry as they expect the current rally to continue. This strong show of confidence is […]

More info

Record $816M in Bitcoin leaves Binance — Are whales preparing for a rally?

Binance saw its biggest Bitcoin outflow in history after $816 million (58,861 BTC) was withdrawn in one day. Binance saw its biggest Bitcoin (BTC) outflow in history on Nov. 3, according to data from CryptoQuant. A total of 58,861 BTC were withdrawn on a single day, equivalent to $816 million. The significant spike in outflows could suggest two things. First, it might show that whales could be bracing for a rally in the near term. Second, an over-the-counter deal could have occurred, causing whales to move their […]

More info

Terra Virtua creates NFT collectibles ecosystem for the ComiCon crowd

$2.5 million private funding round will be used to develop first “mass-market” digital collectibles platform. Digital collectibles platform Terra Virtua announced Nov. 4 that it had completed a $2.5 million private funding round, attracting support from funds such as Woodstock, NGC Ventures, and AU21 Capital. The investment raised will be used to further develop what the company describes as the first “mass-market” nonfungible token, or NFT, ecosystem. Aside from being a marketplace for provably rare digital collectibles, the platform has a strong focus on the social side […]

More info

Ethereum fees declining as DeFi markets cool

Is the DeFi bubble over? Bitcoin network activity spike may indicate that attention is shifting towards crypto’s largest asset. The DeFi bubble seems to be slowing down in the last months of 202, with fees and confirmation times retreating back to less formidable levels. “ETH fees are way down suggesting the DeFi madness has abated for now,” Josh Olszewicz, also known as CarpeNoctom on Twitter, told Cointelegraph.  “DeFi cooling off, BTC HR [hash rate] way down (-16% difficult adjustment),” he also said, referring to the situation on Bitcoin’s […]

More info

Is Iran Becoming A Bitcoin Nation?

Late last month, Iran Daily, the official newspaper of the country’s government, reported that the administration had amended its cryptocurrency legislation to make digital assets “exclusively used for funding imports at a time of increased pressure on the country’s normal use of hard currencies.” In practice, this means that bitcoin and other cryptocurrencies that are mined officially under government oversight will have to be supplied directly to the Central Bank of Iran (CBI) within an authorized limit, based partially on the amount of subsidized energy that the […]

More info

Covid-19: IMF Urges More Stimulus Support For Non-Contact Intensive Businesses

The International Monetary Fund (IMF) is encouraging countries to create money to mitigate the effects of lockdown restrictions on economies. Specifically, the international lender wants businesses and workers displaced by the pandemic related responses to get financial support as they adjust their businesses and search for new jobs respectively. Recognizing the new normal In its October 2020 World Economic Outlook, the Fund says in addition to cushioning people and firms affected by the pandemic, countries now need to pursue economic policies that recognize the changing dynamics. The […]

More info
1 2 3 4