Monthly Archives: April 2021

Bitcoin’s On-Chain Market Cycles

With an appreciation for bitcoin’s market cycles, we can identify patterns to better gauge the progress of bull and bear markets alike. Bitcoin’s On-Chain Market Cycles This article is a collaboration by Glassnode and Bitcoin Magazine to introduce Bitcoiners to the world of on-chain analysis. Our aim is to simplify, demystify and improve access to on-chain data, helping you take the first steps into using these powerful new tools. Bitcoin is a free market for exponential, digital monetary technology. It has attracted interest from all manner of […]

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Vitalik Buterin and Balaji Srinivasan Donate to Indian Covid Relief Fund Despite Country’s Intentions to Ban Cryptos

The covid-19 crisis is worsening every day in India, as the country keeps hitting record daily numbers of cases and its death toll. The crypto community is starting to show solidarity with the country, as big players such as Ethereum co-founder and a well-known investor announced crypto donations to provide support. Buterin Also Contributed With Makerdao Funds Indian tech founder Sandeep Nailwal – founder of the Ethereum scaling platform Polygon – set up a fund to help with the crisis, and Vitalik Buterin and Balaji Srinivasan publicly […]

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Interview: Austrian Economics And Understanding Bitcoin With Hodlberry

Hodlberry jumped on “Meet The Taco Plebs” to discuss the things about Bitcoin that amaze him most. Watch This Episode On YouTube Listen To This Episode: Apple Spotify Libsyn For this episode of Bitcoin Magazine’s “Meet The Taco Plebs,” I was joined by Hodlberry (@hodlberry), a faithful, honest and hardworking pleb. This conversation started off with Hodlberry sharing his Bitcoin rabbit hole story. He went into detail on some fun things he was doing at the time he found Bitcoin, like hosting a gun-related podcast. Then he […]

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Altcoins hit new highs after bulls kick Bitcoin price back above $50K

A quick short squeeze catapulted Bitcoin price above $54,000 and a handful of altcoins rallied to new all-time highs. Cryptocurrency investors breathed a sigh of relief on April 26 as the sharp reversal in the price of Bitcoin (BTC) was accompanied by a market-wide recovery that has a majority of altcoins seeing green. It’s likely that the breakout was aided by bullish assessments from JPMorgan analysts and PayPal’s announcement that demand for purchasing cryptocurrencies had surpassed expectations.  Data from Cointelegraph Markets and TradingView shows that after bouncing […]

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Tesla books huge profit from Bitcoin sale in Q1

In February, the electric vehicle maker announced it had purchased $1.5 billion worth of Bitcoin. Tesla Motors sold a portion of its Bitcoin (BTC) holdings in the first quarter of 2021, generating net proceeds of $272 million, the electric vehicle maker reported Monday. In a 30-page slide deck accompanying its quarterly financial results, Tesla noted a $101 million “positive impact” as a result of its Bitcoin sale: “Year over year, positive impacts from volume growth, regulatory credit revenue growth, gross margin improvement driven by further product cost […]

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Biden’s proposed capital gains tax rise will hit only richest 0.3%

Only 0.3% of taxpayers in the U.S. would be hit by higher levies on their investments under the new capital tax plan, a senior Biden administration official said. Following major sell-offs in cryptocurrency markets amid reports of United States President Joe Biden’s capital gains tax rise proposal last week, the Biden administration defended nearly doubling tax levies for only the “very, very richest.” A senior Biden administration official claimed that only 0.3% of taxpayers in the U.S. would be affected by higher levies on their investments under […]

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Glass half full: Bitcoin options traders neutral after 28% BTC price dip

Bitcoin options data shows pro traders are neutrally positioned despite BTC’s dip to $47,000 and the subsequent 15% recovery. Bitcoin (BTC) might have recovered from the $47,000 low seen on April 25, but the subsequent 15% bounce was not enough to bring optimism to the BTC options markets. Even at the present $54,000 level, the price remains 17% below the $64,900 all-time high reached on April 14. The popular Crypto Fear & Greed Index reached its lowest level in 12 months, signaling thatinvestors are closer to “extreme […]

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Eric Weinstein calls Bitcoin potential hedge against fiat catastrophe

“Don’t let short term losses in Bitcoin sour you on Bitcoin, crypto or distributed computing,” Weinstein said. “Don’t let Bitcoin zealots chase you away either.” Eric Weinstein, managing director of Thiel Capital and host of the popular podcast The Portal, urged his followers over the weekend not to get caught up in Bitcoin’s (BTC) daily fluctuations. He seemed to feel that it was wiser to focus on the cryptocurrency’s ability to hedge against currency debasement at the hands of central banks. Bitcoin and other “hard-money” assets like gold […]

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South Korea’s Bitcoin ‘Kimchi Premium’ Reappears, Korbit and Bithumb Exchange Volumes Spike

During the first week of April, South Korea’s ‘kimchi premium’ on domestic cryptocurrency exchanges had jumped over 18%, but then leveled off, equalizing with global exchange rates over the last two weeks. On Monday, as bitcoin prices spiked 8% higher surpassing the $54k zone, in South Korea, the premium on bitcoin climbed 4.56% higher than the most trading platforms worldwide during the last 24 hours. ‘Kimchi Premium’ on Domestic South Korean Exchanges Starts to Rise Again Bitcoin (BTC) and cryptocurrency markets have improved on Monday as the […]

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Today marks the 10-year anniversary of Satoshi Nakamoto’s final message

On April 26, 2011, Bitcoin’s pseudonymous creator Satoshi Nakamoto allegedly left the nascent cryptocurrency community to work on other projects. Nobody has been able to track them down ever since. Bitcoin (BTC) creator Satoshi Nakamoto left the cryptocurrency community with a parting message exactly one decade ago today: “I’ve moved on to other things.”  In the years since, Bitcoin has evolved from an obscure and esoteric project to a trillion-dollar financial asset drawing attention from governments, financial institutions, corporations and investors. Despite dozens of plausible theories, Nakamoto’s […]

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