Bitcoin

Terraform Labs CEO Do Kwon has conceded that a crash in the price of Bitcoin would be “negative” for the stability of the UST stablecoin, but that he expects Bitcoin to go up. Terraform Labs is the entity behind the Terra (LUNA) blockchain platform which plans on buying a total of $3 billion in Bitcoin as a reserve for the UST stablecoin. Kwon made the comments in an interview on the Unchained podcast on Mar. 29. Host Laura Shin asked Kwon what the short term implications of holding so… Source link

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Bitcoin (BTC) began to show fresh signs of an impending correction on March 31 as BTC price action began to eat into last weekend’s CME futures gap. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Up or down, CME futures gaps provide targets Data from Cointelegraph Markets Pro and TradingView showed BTC/USD abruptly spiking down by $1,000 in minutes on Bitstamp after March 31’s Wall Street open.  The pair had ranged after failing to cement $48,000 as support earlier in the week,… Source link

“We actually think that the market still hasn’t fully grasped what’s about to happen with Ethereum,” Vance Spencer, co-founder of Framework Ventures, said in an email. “While there’s been much media attention paid to how the upgrade will make the network more environmentally friendly, this is a sideshow compared to the massive supply shock that could be on the horizon. With this merge, Ethereum will experience a 90% decrease in supply issuance. Source link

Text size Bitcoin prices are up more than 2% this year. Dreamstime Prices for Source link

There is “grassroots evidence” that “America is adopting Bitcoin,” according to Clay Graham, founder of Rapaygo and a Bitcoin Lightning Network (LN) enthusiast.  At a Bitcoin Lightning festival held in Portland, U.S. over the weekend, the Bitcoin LN clocked more than $1,800 (four million Sats) in just three hours. Hailed as “Puddle Town on Lightning Rails,” Portland’s Bitcoin Party was a space where “vendors, food carts, artists all accept Bitcoin.” Graham told Cointelegraph… Source link

Bitcoin (BTC) may be consolidating at $47,000, but longer timeframes show just how significant this week’s mini bull run has been. According to the Golden Ratio Multiplier (GRM) metric, on March 27, BTC/USD reclaimed an essential support zone for securing further upside. Bitcoin exits trendline slump that beat March 2020 GRM is a long-term observational metric for Bitcoin price action. It is used to determine whether Bitcoin price growth (or the opposite) is overstretched relative to its… Source link

SAN MATEO, Calif., March 30, 2022 /PRNewswire/ — Dan Schatt is the CEO of Earnity, the world’s first community-based crypto platform and marketplace. Earnity was created to take the complexity out of crypto, making it more accessible and secure to manage. Earnity combines a social media community with a cryptocurrency and decentralized finance (DeFi) marketplace to give users a place to earn, learn and collect crypto assets. The platform connects creators, educators and other enthusiasts… Source link

During the last month, Bitcoin’s hashrate has been coasting along above the 200 exahash per second (EH/s) zone, minus a number of drops here and there above and below that range. Following two difficulty changes that saw the difficulty decrease by 1.84%, the network’s difficulty is expected to increase 4.24% within the next 13 hours. Bitcoin’s Difficulty Expected to Reach All-Time High Bitcoin miners caught two breaks during the last month when the difficulty dropped two times… Source link

What is bitcoin, and how can one invest in it? Want more like the Guide to Bitcoin? Scroll to the bottom for further reading and a list of other Blockworks Investor’s Guides. A quick primer on Bitcoin Bitcoin is like Carl Sagan, David Attenborough or Nelson Mandela. Few people can name its peers, but most have almost certainly heard of it, and it’s notably changing things for the better. Investors don’t need another answer to the question, “What is… Source link