News

27May2020

Bitcoin whales around the world (holding addresses of more than 10,000 bitcoins) are buying large amounts while the price of bitcoin is falling on Sunday, and are trying to accumulate revenue in the next surge. According to the comparison data, the current bitcoin price is $ 8,800, which was once approaching the $ 9,000 mark […]

27May2020

The cost of bitcoin transactions has fallen by 50% in 5 days, and the backlog of transactions has begun to decrease. These transactions have been blocking the network. This marks a rapid reversal of the Bitcoin network. In 2020 alone, Bitcoin transaction fees skyrocketed by more than 2000%. As shown in the figure below, according […]

27May2020

Grayscale, a large global cryptocurrency asset management company, released its May report “Central Bank Digital Currencies Highlight Bitcoin’s Value Proposition”. The report believes that central bank digital currency (CBDC) will increase the demand for Bitcoin in the global market . CBDC is a digital currency issued and monitored by the central bank. It is opposed […]

26May2020

For a long time, Bitcoin’s fixed issuance and scarcity value have been one of its most representative attributes, and this attribute has also been one of the main reasons why cryptocurrencies are widely regarded as “safe havens”. New data suggests that Bitcoin may also be scarcer than previously thought, because the current 7.78% of the […]

26May2020

Former Goldman Sachs hedge fund sales director and Real Vision CEO Raoul Pal believes that regardless of the future trend of the US dollar, Bitcoin’s performance will exceed expectations and assume its role as a hedging tool under macroeconomic pressure. According to Cryptoslate, there has been a long-standing saying in the bitcoin market: if the […]

26May2020

According to Decrypt, the Argentine government is cracking down on cryptocurrency transactions in the country to prevent money laundering and other illegal activities. But observers said that the country’s latest measures against Bitcoin and other cryptocurrencies may actually be more to prevent the further depreciation of the national currency peso. According to a report by […]

25May2020

A new survey shows that central banks in 46 countries are considering using restricted forms of distributed ledger technology (DLT) to create central bank digital currency (CBDC). But they are cautious about blockchain. Central Banking, based in London, is a professional publication supported by the Bank for International Settlements (BIS) and the European Central Bank […]

25May2020

For Bitcoin users, the transaction fees for the past three weeks have been very expensive. According to Blockchain.com data, the average cost of sending a BTC transaction soared from about $ 0.5 at the beginning of this month to $ 6.33 on May 21-an increase of more than 1000% in just a few weeks. This […]

24May2020

It ’s everyone ’s dream to earn nothing, the Bitcoin mine Layer1 is trying to make this dream a reality, because they have found a “good way” to make money even if the mining equipment is closed. Layer1 is a cryptocurrency mining startup backed by billionaire Peter Thiel and others. In recent months, the company […]

23May2020

JPMorgan Chase believes that the central bank’s digital currency (CBDC) may pose a threat to the dollar’s global hegemony. According to a report reported by Bloomberg, JP Morgan ’s chief US economist claimed: “No country is more likely than the US to suffer losses due to the destructive potential of digital currencies.” “This is mainly […]