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Bitcoin’s past performance can help you understand where its value is heading. Here’s bitcoin’s price history delineated since its inception.
How many times has bitcoin been declared dead? At least 463 times. And it’s never been because of its monetary system failing or its technical operation breaking down, but because of its price crashing.
Some may argue that those two things — tech development and price actions — are inherently connected, but that’s not the case.
The Ordinal Loops project is designed to push artistic activism and help end fiat through the latest innovation on Bitcoin’s blockchain.
This is an opinion editorial by T, a member of the Ordinal Loops team.
It has been almost a month since Ordinals truly came to light and Bitcoin has not been the same since. For some background, this article by Stephan Livera introduces the basic concepts and delves into the technical areas as well as the political challenges presented by Ordinals. While there are some views in it that can be contested and assumptions made that cannot be predicted, the article provides a fantastic entry point into the world of data inscription.
In a recent interview, Bridgewater founder Ray Dalio shared his views on the current Federal Reserve (FED) decision to raise interest rates by 25 basis points (bps) and the performance of Bitcoin (BTC) over the past few years.
Speaking to CNBC, Dalio stated that what the crypto industry and Bitcoin have done over the past 12 years has been “amazing.” However, the hedge fund manager believes Bitcoin has “no relationship to anything.” For Dalio, Bitcoin is a “tiny” thing that gets “disproportionate attention.”
Modern day alchemy, unsurprisingly, failed. A deep dive into FTX and the events leading to the collapse of the now notorious crypto exchange.
The below is an excerpt from the Bitcoin Magazine Pro report on the rise and fall of FTX. To read and download the entire 30-page report, follow this link.
Where did it all start for Sam Bankman-Fried? As the story goes, Bankman-Fried, a former international ETF trader at Jane Street Capital, stumbled upon the nascent bitcoin/cryptocurrency markets in 2017 and was shocked at the amount of “risk-free” arbitrage opportunity that existed.
History is not always some ancient moment in time. It is constant and changes rapidly over the course of time. We get to witness some of it in the present.
This is an opinion editorial by Tomer Strolight, editor-in-chief of Swan Bitcoin and author of “Why Bitcoin.”
History is neither merely what happened hundreds of years ago, nor only wars and human catastrophes. If you zoom out just a bit, you can see that history happens all the time. Our civilization, our culture, our technology and even we ourselves are changing — influenced by megatrends that shape all humanity. Changes often happen fast, but their imprint remains.
On-chain data shows the Bitcoin Puell Multiple has been going up recently after having formed a possible bottom. Here’s what history says could happen next for the crypto’s price.
As pointed out by an analyst in a CryptoQuant post, BTC miners seem to be betting on a price rise as they have been aggressively increasing their hashrate recently.
The “Puell Multiple” is an indicator that measures the ratio between the current mining revenues (in USD) to the 365 days moving average of the same.
This down cycle poses a question some crypto longtimers have never seriously considered before: What must be done to ensure there actually is another bull market?
CoinDesk
Former antivirus software guru and 2020 Libertarian presidential “hopeful” John McAfee is a controversial figure, polarizing opinion in politics and culture, and taking a bold stand against the U.S. federal government. Most recently this has involved offering to help the Cuban state develop its own cryptocurrency in the interest of avoiding U.S. interventionism in trade.
Also read: Who Are the Real Thieves? Danish Authorities in Tax Evasion Crackdown
On Wednesday, June 26, the price of BTC came close to reaching $ 14K. One hour later, it had dropped by close to 18%. Such events are known as a flash crash, a moment in time where a rapid-sell off happens and often times a few exchanges become inoperable. Over the last few years, especially when the market is extremely bullish, flash crashes have been prevalent.
Also Read: Iranians Defy Warning and Share Pictures of Bitcoin Mining in Mosque
Bitcoin’s history is rife with hacks and heists, sometimes resulting in six-figure bitcoin losses and businesses going bankrupt, unable to pay their customers back. A new video by Bitcoin.com explores the largest bitcoin heists in history and explains how each one was pulled off.
Also read: How to Earn Bitcoin Cash Income
With cryptocurrencies’ steep rise in value, heists have become increasingly lucrative for hackers. The biggest targets have so far been crypto exchanges with weak security measures. Since a large number of crypto users are still not holding their own private keys, opting to leave their coins on these exchanges, large and frequent heists are inevitable. Blockchain data forensics firm Chainalysis detailed in its January report:
The notion that anyone could solo mine bitcoin – on a CPU no less – seems positively quaint today. But in 2010, this method wasn’t just possible – it was the norm. With an exponentially lower hashrate, less competition and a 50 bitcoin block reward, there was enough pie for everyone to get a bite. But some miners didn’t just want a bite – they wanted a whole slice, and to achieve that, they decided to join forces and pool their hashpower. And thus “cooperative mining” was born.
Also read: Bitcoin History Part 12: When No One Wanted Your BTC
Can a logo symbolize the ethos of a project? An industry? An entire movement? Bitcoin’s might have come close.
CoinDesk
Today, bitcoin is so precious that its hodlers are prone to locking their keys away inside nuclear bunkers, bank vaults, and military grade hardware wallets. But things weren’t always that way. Back in the early days, bitcoin was deemed so undesirable that you would have struggled to give it away, while exchanging it for fiat currency was out of the question.
Also read: Bitcoin History Part 11: The First Major Loss of Coins
Since the very start, people have lost bitcoins due to human error. Mislaid wallets, forgotten passwords, broken hard drives, hacks, and scams have conspired to remove over 20% of all BTC from circulation by some estimates. The dubious accolade for the first major bitcoin loss goes to forum member Stone Man, who, on August 10, 2010, managed to permanently erase his access to almost 9,000 BTC.
European League of Legends Championship Series history was made on Saturday when G2 Esports defeated FNATIC in just over 20 minutes. G2 Esports’ jungler Marcin “Jankos” Jankowski led the way with six eliminations and zero deaths, earning him the MVP title for the match. Altogether, G2 Esports finished the game with 15 kills and […]
SludgeFeed
In the last 24 hours, the crypto market slightly recovered from $ 111 billion to $ 113 billion as Bitcoin rebounded to $ 3,400. Other major crypto assets in the likes of Ripple (XRP) and Ethereum (ETH) recorded gains in the range of three to seven percent against the U.S. dollar. Following the partnership with R3 and SWIFT, rumors around a potential SWIFT and Ripple partnership emerged and analysts attributed the sudden increase in the price of XRP to the rumors. Longest Bear Market, What Can Investors Expect? According to a cryptocurrency technical analyst Jonny Moe, the cryptocurrency market has officially entered into
By CCN.com: Friday Donald Trump announced the government would reopen for three weeks, giving federal employees a reprieve from the month-long government shutdown, which has been the longest in history. It may be that the federal government’s credibility has been permanently damaged by the partisan dysfunction that left 800,000 federal employees without pay for a month
The post Donald Trump Initiated the Dumbest, Most Scripted, Fake Government Shutdown In History appeared first on CCN
By CCN.com: Facebook is lying when it claims it has more than 2 billion monthly users around the world. That’s what tech entrepreneur Aaron Greenspan ― a former Harvard classmate of Facebook CEO Mark Zuckerberg ― alleges in a bombshell report. “Facebook has been lying to the public about the scale of its problem with fake
The post Facebook Has 1 Billion Fake Accounts, Mark Zuckerberg ‘Greatest Con Man in History’: Researcher appeared first on CCN
By CCN.com: The crypto market is en route to experiencing the longest bear market in its 10-year history. As Ran Neuner, the host of CNBC’s Crypto Trader said, if the latest bear market lasts for another month, it will surpass the 420-day correction the crypto market experienced from 2014 to 2015. “If this bear market
The post Why Crypto is En Route to the Longest Bear Market in History appeared first on CCN
Coinbase is hailed as a paragon of the cryptocurrency industry, its CEO’s every utterance amplified and its every coin listing over-analyzed. Lauded for introducing millions of people to cryptocurrency, Coinbase is regarded as a net good for the crypto space. But there’s a less savory side to the San Francisco exchange that’s seen prominent customers have their accounts frozen without warning.
Also read: Four Cryptocurrency Hotspots That Saw Tremendous Growth in 2018
