Monthly Archives: May 2021

Interview: The Variety Of Bitcoin With Texan HODL

We had the opportunity to sit down with Texan HODL and discuss his rabbit hole story and what makes Bitcoin special to him. Watch This Episode On YouTube Listen To This Episode: Apple Spotify Libsyn Overcast Google In this episode of Bitcoin Magazine’s “Meet The Taco Plebs,” BtcCasey and Tyler Laroche were joined by Texan HODL, a fellow Bitcoiner who has just started working in the industry. They discussed how Texan HODL discovered Bitcoin via a popular online game called RuneScape. Then they talked about the underlying […]

More info

Bitcoin rejects near $37.5K, on-chain data shows capitulation from short-term holders

On-chain data shows short-term Bitcoin holders continue to capitulate while long-term investors have been buying the dip in anticipation of the market moving higher. Bitcoin started the week off with an abrupt bullish breakout to $37,500, a level some analysts have identified as a crucial ‘line in the sand’, but the rally was short-lived as BTC met selling near the lower arm of the bearish pennant that can be seen on multiple timeframes.  While many traders are concerned that the 2021 bull market is now over and considering […]

More info

Last Week In Bitcoin: Billionaires, Texas, And Mining

Ray Dalio discussing his bitcoin investment, Texas pushing through a bill that provides legal framework, and more in this weekly update. Last Week In Bitcoin is a new segment covering the week that occurred in Bitcoin, with all the important bits and some analysis. Summary Despite what the charts and current price may say, last week was a bullish week in Bitcoin. Billionaire Ray Dalio confirmed he is holding bitcoin, activist investor and former bitcoin doom prophet Carl Icahn expressed interest in pursuing crypto in a “big way” […]

More info

Andreessen Horowitz Discusses Raising Third Crypto Fund to $2 Billion, Sources Say

In May 2020, back when the crypto economy was still tumultuous from the coronavirus outbreak fears and gloomy global financial outlook, in general, the private venture capital firm Andreessen Horowitz (a16z) revealed the 500 million-dollar “Crypto Fund II.” A report published on May 27 by the tech writer Eric Newcomer indicates that Andreessen Horowitz is contemplating $2 billion in financing for the next crypto fund. Former Bloomberg Reporter Says ‘a16z in the Process of Tripling Down on Crypto’ The well known venture capital firm Andreessen Horowitz founded […]

More info

Bitcoin Value: Understanding Bitcoin’s Scarcity, Flexibility And Volatility

Described by some as an investment roller coaster ride, the value of bitcoin and its unabating volatility can be difficult to comprehend. The fluctuations in bitcoin’s value acts as both a draw and a deterrent to investors, in what has been described by many commentators as a modern-day gold rush. The true extent of bitcoin’s investment volatility can be best understood by examining two hypothetical investment scenarios: Investor A bought $10,000 worth of bitcoin on March 14, 2020. At the time, they were able to buy roughly […]

More info

Interview: Alex Gladstein On Bitcoin’s Impact And Bitcoin 2021

Alex Gladstein, CSO at Human Rights Foundation, is set to speak at the conference taking place this weekend. Alex Gladstein will be speaking during the Bitcoin 2021 conference in Miami on June 4. Make sure that you set a reminder for the Bitcoin 2021 day one YouTube live stream and one for the Bitcoin 2021 day two YouTube livestream now. Watch Alex Gladstein’s interview on YouTube. Alex Gladstein has worked at the Human Rights Foundation since 2007 and has steadily discovered the increasing advantages bitcoin can provide […]

More info

How relevant is the $900M open interest on Bitcoin options above $100K?

Pro traders have been buying ultra bullish Bitcoin $100,000 to $200,000 options, but how confident are they that these targets will be achieved? Bitcoin (BTC) is fast approaching its worst monthly performance in a decade, but some investors are using this as an opportunity to buy ultra-bullish long-term derivatives. There are currently over $900 million in call (buy) options aiming at $100,000 and higher, but what exactly are those investors seeking? Options instruments can be used for multiple strategies, which include hedging (protection) and also aiding those […]

More info

Bitcoin Mining Company Marathon Will Stop Censoring Transactions, Start Signaling For Taproot

Bitcoin mining firm Marathon has announced its pool will stop mining only OFAC-compliant blocks and start signaling for Taproot activation. Mara Pool, the bitcoin mining pool operated by digital asset technology company Marathon Digital Holdings, will update its miners to the latest Bitcoin Core 0.21.1 software to signal for Taproot activation, and stop censoring transactions, according to a press release. “Marathon is committed to the core tenets of the Bitcoin community, including decentralization, inclusion, and no censorship,” said Marathon’s CEO Fred Thiel. “Over the coming week, we […]

More info

3 on-chain indicators suggest the Bitcoin price sell-off is losing steam

As Bitcoin’s price shows new signs of bullish momentum, data from various on-chain indicators suggests that the current sell-off is reaching an end. Bitcoin has entered a consolidation phase following its May 19 crash from $42,600 to $30,000 on Coinbase. The flagship cryptocurrency recovered its losses quickly and reclaimed $40,000, but it failed to log a clear bullish breakout above this resistance level, and at the time of writing, the price remains pinned below $40,000. The latest price action in the Bitcoin (BTC) market has been, at […]

More info

Binance Smart Chain Faces yet Another Flash Loan Attack: Belt Finance Loses $6.3 Million

Belt Finance, a Binance Smart Chain-based decentralized lending protocol, lost $6.3 million in a flash loan attack last week. The attackers took advantage of a series of inefficiencies in the smart contract to manipulate the price of the set and obtain profit from a series of transactions. This is just the last of a series of attacks that seem to be pointing to Binance Chain protocols due to their vulnerabilities. Belt Finance Loses $6.3 Million in Flash Loan Attack Belt Finance, a borrowing and loaning protocol that […]

More info
1 2 3 133