CryptoAddicted

2021-09-16 12:29:30 Supply Shock: Bitcoin Changing Hand to Hand Dropped to Record Lows

According to the latest report from Arcane Research, the Bitcoin supply shock continues as the number of coins changing hands dropped to 2015 levels.

As you can see from the graph below, only 6.8% of the offer moved from one user to another in the last month, while the three-month figure is about 15.8%.

The monthly supply of bitcoins is now at an all-time low, while the three-month supply is at the same level as in 2015.

The recent break above $50K resulted in a slight increase in monthly supply, but this was mainly due to coins that were last sold in 1-3 months. Thus, only short-term holders looking to make a profit moved and sold their bitcoins.

In turn, long-term holders have not moved their coins during the recent spikes. This situation means that they are waiting for the moment when the price will be higher before starting to move their assets for sale. Open / Comment

2021-09-15 19:25:37 Ray Dalio: If Bitcoin succeeds, regulators and governments will crash it

Speaking to CNBC on September 15, the Bridgewater founder once again admitted that he has dedicated a portion of his portfolio to Bitcoin.

However, despite buying Bitcoin, the 72-year-old billionaire still has doubts about the future success of the cryptocurrency due to regulators and governments.

Talking about the potential of Bitcoin, Dalio noted:

"I think in the end, if bitcoin will become really successful, they will crash it or try to crash it."

Dalio also raised the issue of El Salvador's acceptance of bitcoin as legal tender. However, he stated that this historical moment is not enough to confirm the status of BTC.

On the contrary, other countries with much larger populations, GDP, etc. such as China and India are "trying to get rid of it."

At the same time, the US is talking about how to regulate bitcoin and tighten control over the entire cryptocurrency space.

What’s your thoughts? Open / Comment

2021-09-13 18:50:26 Open / Comment

2021-09-13 17:41:10 Walmart says Litecoin payment announcement is fake

A number of famous media outlets such as CNBC, Reuters, The Street, etc. posted relevant headlines, which resulted in LTC growth of nearly 30%.

Cryptocurrency Litecoin lost 20% gain after a fake press release sent out by GlobeNewswire.

A Walmart spokesman confirmed the press release was untrue. Open / Comment

2021-09-09 19:47:53 Robinhood adds "auto-recurring purchases" feature (Kind of like monthly subscription thing)

Robinhood has announced a new feature that will allow its customers to automatically purchase coins of $1 or more monthly, weekly, or even daily.

According to Robinhood COO Christine Brown, the ability of investors to regularly acquire assets for small amounts is especially useful when it comes to crypto markets, which are highly volatile.

In announcing this feature, Robinhood stated that any recurring feature will be provided without any fees, unlike other crypto platforms where transaction fees can be up to 4% Open / Comment

2021-09-08 08:35:34 IOTA Foundation will be one of the companies selected by the European Union to support the development of the blockchain initiative in Europe

The initiative is supported by the European Commission for the development and testing of blockchain solutions for the single digital market.

The IOTA Foundation will support the European Blockchain Services Infrastructure (EBSI) in international relations between governments, businesses and citizens for “digital management of educational data, establishing robust digital auditing, document tracking, SME financing, government-to-government data sharing and digital identity”.

The nodes of the EBSI network will be managed by both the European Commission and individual EU states.

Current and planned use cases include digital educational data management, reliable digital notarized control journals, SME financing, government-to-government data exchange, and European digital identity.

After initial introduction in the EU, this technology can also go beyond it. Open / Comment

2021-09-07 18:23:07 Mexican retail giant Grupo Elektra to allow Bitcoin payments

According to a Twitter announcement made by owner Ricardo Salinas Pliego, Mexican retail and banking corporation Grupo Elektra will provide support for the Bitcoin Lightning network.

According to the billionaire, the new payment function will appear in stores "very soon."

Salinas Pliego is the third richest person in Mexico. His fortune is estimated at $15.4 billion.

In November, the entrepreneur announced that he was investing 10% of his portfolio in bitcoin. Open / Comment

2021-09-07 16:34:56 Today is a historic day! Open / Comment

2021-09-06 17:11:33 In Belgium, it will soon be possible to pay for parking using Bitcoin, Ethereum, Dogecoin and other cryptocurrencies

Seety startup has launched a cryptocurrency payment feature for users in Antwerp and Brussels. Service users can now pay for parking using Bitcoin, Ethereum, Bitcoin Cash, Dogecoin, Litecoin, DAI and US dollars. Instead of paying for parking directly, users exchange cryptocurrency for Seety loans through the company's digital app.

The report claims that users can pay with cryptocurrency at no additional cost or commission.

The app has over 355,000 registered users in Belgium and the Netherlands. Open / Comment

2021-09-05 18:08:03 A post from 1 hour ago! Open / Comment