Bitcoin Economics

2021-06-07 11:21:20 Whales continue to accumulate bitcoin amid falling prices, Santiment said.

The number of coins on addresses with a balance of at least 1000 BTC reached 7.88 million - the maximum since March 14.

The number of bitcoins on addresses with 10 BTC and less fell to the lowest level in six months.

Bitcoin Economics Open / Comment

2021-06-06 13:11:45 Analysts expect that at some point, the capitalization of Etherium will exceed that of bitcoin. This is also indicated by the ETH capitalization trend - recently the second cryptocurrency reached half of bitcoin's capitalization. Open / Comment

2021-06-06 13:11:38 Bloomberg: "Etherium is set to surpass bitcoin in terms of capitalization."

Bloomberg's team of analysts released another monthly report on cryptocurrencies, according to which the rate of bitcoin will rise, but the first cryptocurrency will yield to Etherium in terms of capitalization.

In the report, analysts write that in 2021, the rate of BTC is likely to continue to rise and reach $100,000.

About Efirium analysts are even more positive. They believe that the second cryptocurrency is playing an increasing role in the digital asset ecosystem. This largest smart contract platform, supporting thousands of different tokens, will continue to thrive thanks to the popularity of the decentralized finance (DeFi) industry. It has become "the most important brick in building a digital financial system.

Bitcoin Economics Open / Comment

2021-06-05 14:00:09 Square has announced plans to create a Bitcoin wallet. Shares rose 3.3%

Jack Dorsey tweeted that the company is considering creating a separate device that would give customers more control over the cryptocurrency

Square CEO Jack Dorsey announced on Friday June 4 that the company is considering a hardware Bitcoin wallet.

If a new product is launched, its production will be based on the principles of openness - from software to device design, and in dialogue with the community, Dorsey wrote on his Twitter account.

Following his announcement, Square shares rose 3.3% to $ 218.28 at a high.

Jack Dorsey noted that using a hardware wallet would give customers more control over the cryptocurrency, since only the owner would have access to the device.

Bitcoin Economics Open / Comment

2021-06-05 11:37:10 The speed at which the billionaire went from skeptic to cryptocurrency advocate is amazing. Back in December he claimed that bananas are more useful than bitcoins because they have potassium.

Now he sees many uses for cryptocurrency:

"Money transfer. Originating digital files. Efficient marketplace for digital content. Personal banking. Forecasting markets. Unfractionated banking. Structured financial products. Asset fractionation. Game Rewards." Open / Comment

2021-06-05 11:36:22 The host of the TV show "Shark Tank" criticized former SEC attorney John Reed Stark as "completely ignorant of cryptocurrency." Cuban said cryptocurrency will continue to have a positive impact on business more than the regulator.

Earlier, Stark said that neither bitcoin nor any other cryptocurrency is beneficial:

"The volatility is incredible, and also (what a lot of people are missing) bitcoin or any other cryptocurrency doesn't do any good. The only reason people own it is because they hope for the growth that other people's purchases will provide."

Bitcoin Economics Open / Comment

2021-06-04 18:31:08 ‌ In Grand Theft Auto VI, you can pay with Bitcoin

It also became known that a personal broker with support for other cryptocurrencies (it is not yet known which ones) will appear in the game.

P.S. GTA V has become the best-selling game of the decade.

Bitcoin Economics Open / Comment

2021-06-04 11:19:11 There is no law in China that makes it a crime to buy, sell or own cryptocurrencies. However, the state considers investing in crypto assets to be risky, so in addition to warnings to the public through the media, it restricts the activities of cryptocurrency firms. Open / Comment

2021-06-04 11:18:51 Chinese media: "people can trade bitcoin at their own peril and risk"

Following recent announcements by the Chinese government about a possible ban on mining and trading bitcoin, Xinhua News Agency and China Central Television have lashed out at cryptocurrencies. The media are urging the public to avoid them, and traders to stop trading them in order to ensure their financial security.

Xinhua has acknowledged that the state does not consider trading in cryptocurrencies illegal. However, the agency will continue to "expose" projects and platforms that involve retail investors in speculative investments that can allegedly enrich them overnight. China Central Television also showed a news clip about how cryptocurrencies are created "out of thin air" and how scammers use them to defraud unsuspecting investors.

Bitcoin Economics Open / Comment

2021-06-03 19:15:00 Developers from Satoshi radio made the first Bitcoin transaction that reached the surface of the moon

They broadcast their transaction in Morse code over the radio band to the lunar surface, from where the data returned back to Earth - the transaction was carried out outside the Internet.

The Internet is NOT the only tool that can be used to send transactions and messages from one side of the globe to the other.

Bitcoin Economics Open / Comment