Bitcoin Miner Capitulation is Complete: Ark Invest

Cathie Wood’s investment management firm Ark Invest released its monthly report analyzing various market dynamics surrounding Bitcoin on Tuesday. It listed a few reasons Bitcoin’s price may have reached its cyclical bottom – one of which is that miners supposedly finished capitulating.  The Mining Bomb Per the report’s words, Bitcoin’s hash rate “suggests that miners are no longer in capitulation mode.” “Miner capitulation began in June 2022 and appears to be complete—a dynamic historically correlated with a high-conviction bullish environment,”…

Peter Schiff VS Michael Saylor on the Legality of Pumping Bitcoin

Popular gold bug and crypto-critic Peter Schiff called out Michael Saylor for his continual advocacy of Bitcoin on Monday.  He suggested that the executive chairman of MicroStrategy ought to face charges from the Securities and Exchange Commission (SEC) for his actions.  Pumping Crypto Securities Schiff’s comments were a response to the SEC’s reveal of charges against the American celebrity Kim Kardashian on Monday. Kardashian agreed to pay nearly $1.3 million for failing to disclose her paid promotion of the crypto…

Strike Close $80 Million Funding Round to Further Expand Bitcoin Payments 

Strike – a Bitcoin payments company and digital wallet provider – has closed an $80 million funding round led by Ten31.  The funds will bolster the company’s efforts to “revolutionize payments” for the payment industry’s biggest players.  According to a press release, both Washington University in St. Louis and the University of Wyoming also partook in the raise.  The funding leader, Ten31, is a Bitcoin and lightning infrastructure provider that’s invested in numerous other Bitcoin native companies like Blockware, Swan,…

Bitcoin Was Almost “Netcoin”, Domain Data Reveals

According to historical records detailing domain purchases under professional anonymity provider AnonymousSpeech, Bitcoin could have been Netcoin instead.  Nakamoto May Have Been Torn Between 2 Names The data revealed that on August 17, 2008, a day before Satoshi Nakamoto created Bitcoin.org, Netcoin.org came into existence. AnonymousSpeech is a Japanese service that allows users to purchase domain names anonymously. Twitter user @Orweinberger made a post on Friday to reveal the new findings. They reportedly discovered the information while going through all…

JP Morgan CEO Calls Bitcoin a Decentralized Ponzi Scheme

Jamie Dimon – CEO of JP Morgan Chase – had more unkind words for the digital asset market on Wednesday.  The bank executive called cryptocurrencies such as Bitcoin “decentralized ponzi schemes,” and suggested that they aren’t currencies at all.  Banker VS Bitcoin During congressional testimony, the CEO reiterated his historically anti-crypto stance after it was mentioned by a lawmaker.  “I’m a major skeptic on crypto tokens, which you call currency, like Bitcoin,” said Dimon. “They are decentralized Ponzi schemes.” [caption…

Bitcoin Better than Physical Assets for Commoners – Michael Saylor

Prolific Bitcoin supporter Michael Saylor says Bitcoin is a better investment option than any physical asset for commoners. According to the entrepreneur, only those who come from royalty can handle the numerous factors involved in owning physical property.  The former CEO of MicroStrategy outlined some setbacks involved in transferring property like stocks, equity, real estate, or gold. Speaking at the Australian Crypto Convention, Saylor contrasted these physical assets against Bitcoin. He opined that Bitcoin is a more adaptable asset to…

Fidelity May Offer Bitcoin to its 34M Retail Clients

Leading investment firm Fidelity is set to offer its massive customer base the chance to trade Bitcoin through its online brokerage service. The news emerged via a report from Wall Street Journal which highlighted sources with ties to the company.  Speculation is Still Ongoing Fidelity manages roughly 34.4 million brokerage accounts, making it one of the biggest investment management firms globally. According to reports, the company is considering bringing BTC trading options to its retail investors. Such a move would…

Bitcoin Needs to Upgrade if it Wants to Stay Legal: Charles Hoskinson

Charles Hoskinson – CEO of Input Output Global (IOG) and co-founder of Cardano – delivered a warning to the Bitcoin community on Thursday. According to the White House’s latest report, bureaucrats are recommending a potential Bitcoin mining ban to combat excess energy use. As such, Hoskinson suggested that Bitcoin transition to a new consensus algorithm stay within U.S. borders.  https://twitter.com/IOHK_Charles/status/1568004482042310656 The CEO examined page 7 of the White House’s report, titled “Climate and Energy Implications of Crypto-Assets in the United…

The Third Largest Bitcoin Whale Buys the Dip for 478 BTC

The third largest Bitcoin address just bought another 478 Bitcoin for roughly $9 million. This brings the anonymous whale’s Bitcoin holdings above 136,000 coins, worth over $2.5 billion.  Per data from Bitinfocharts, the address holder added 478 Bitcoin to his wallet at 16:05 EST on Tuesday. Each coin was bought at an average price of $18,900, making the total purchase $9,000,187. His new balance is 136,382 Bitcoin – worth more than MicroStrategy’s last report numbers of 129,600 Bitcoin.  It’s the…

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