A researcher debunks Stock-to-Flow model, likens Bitcoin to a ‘tech stock’
“There are many reasons why the price of Bitcoin can rise or fall, but S2F is not one of them”, contends report author. Go to Source Powered by WPeMatico
DIGIT
Bitcoin price fundamentals in ‘moon mode’ as BTC held on exchanges drops
Analysts believe Bitcoin’s on-chain fundamentals point to a 2017-style bull run Go to Source Powered by WPeMatico
Hacker from the 2016 Bitfinex Breach Transfers $21M Worth of Bitcoin to Unknown Wallets
On Wednesday morning (ET), around 2,034 BTC ($21.6 million) from the 2016 Bitfinex hack moved into a few unknown wallets. The action was caught by the Btcparser program as five transactions with around 400 BTC each moved for the first time in four years. On August 2, 2016, the popular digital currency exchange Bitfinex was … Read more
Coinbase hemorrhages employees following controversial culture stance
Coinbase CEO Brian Armstrong publishes further details about his company’s changing landscape. Go to Source Powered by WPeMatico
NFTs take on DeFi? Nonfungible tokens push to be the next crypto craze
NFTs have been gaining traction in the background, but where is the industry headed? Go to Source Powered by WPeMatico
DOJ states it has jurisdiction over foreign crypto companies that touch US servers
The US government says they have broad extraterritorial jurisdiction over crypto-related businesses. Go to Source Powered by WPeMatico
DOJ says use of privacy coins is ‘indicative of possible criminal conduct’
Privacy coins are getting more attention than ever from the U.S. government. Go to Source Powered by WPeMatico
US attorney general releases guidelines for enforcing crypto laws
Regulation and guidance continue to come in hot from the land of the free. Go to Source Powered by WPeMatico
Bitcoin price turns bullish on Square’s $50M BTC purchase: Is $11K next?
Bitcoin price rallied close to $11,000 after Square announced a $50 million BTC purchase. Go to Source Powered by WPeMatico
Square’s Major Bitcoin Buy: Puts 1% of Total Assets Worth $50 Million in BTC
Square Inc. has put 1% of its total assets in bitcoin worth about $50 million. The company believes that “cryptocurrency is an instrument of economic empowerment and provides a way for the world to participate in a global monetary system.” Square’s Major Bitcoin Buy Square Inc. announced Thursday that it has bought approximately 4,709 bitcoins … Read more
