Learn How Trade Crypto
Square’s bitcoin business is continuing its rapid growth, with Q2 revenue 600% up year on year. Announced Tuesday, the San Francisco payments company said revenue made from selling bitcoin to its Cash App customers in Q2 came to a total of $875 million, six times the amount in the same period in 2019. Square stresses it only […]
Frances Coppola, a CoinDesk columnist, is a freelance writer and speaker on banking, finance and economics. Her book “The Case for People’s Quantitative Easing” explains how modern money creation and quantitative easing work, and advocates “helicopter money” to help economies out of recession. There’s a widespread belief that the exorbitant quantity of money the Federal […]
The likelihood of bitcoin challenging record highs by the end of the year may have have increased with the cryptocurrency’s violation of major price resistance – but don’t raise your hopes too high just yet. Bitcoin jumped above $10,300 on Sunday, breaching the resistance of a trendline falling from the December 2017 to June 2019 highs. Following the bullish […]
Bitcoin is a form of “money” covered under the Washington, D.C., Money Transmitters Act, a federal court said Friday. In the case of United States v. Harmon, Chief Judge Beryl A. Howell wrote that money is “commonly means a medium of exchange, method of payment, or store of value.” “Bitcoin is these things,” Judge Howell added. Defining bitcoin as […]
Wednesday’s Twitter hack would seem to spell regulatory doom for Bitcoin, which is widely distrusted in Washington. Some lawmakers – and U.S. President Donald Trump himself – associate it with crime. In 2019 Trump tweeted he is not a fan of bitcoin and that “unregulated crypto assets can facilitate unlawful behavior.” He also reportedly told Treasury Secretary Steven Mnuchin to […]
The dust is still settling, but July 15, 2020, already looks to be one of the worst days in Twitter’s 14-year history. A devastating hack, apparently taking advantage of internal tools, enabled hackers to take control of dozens of high-profile accounts and solicit bitcoin donations. Noteworthy was the delta between the scale of the attack and the […]
With Bitcoin trading sideways for so long and volatility dropping to such uncharacteristic lows, crypto analysts are watching the Bollinger Bands closely. Even the tools creator has since spoken out about the current price action in BTCUSD. In the past, when he speaks, a major move often follows. Is it once again time to pay attention […]
The number of whale addresses, or those holding a large number of bitcoins, has declined to a 14-month low. However, the drop isn’t necessarily a price-bearish development and may instead indicate the distribution of bitcoin ownership is shifting. As of Sunday, there were 103 addresses holding at least 10,000 BTC – the lowest since May 2019, according […]
Nearly $60 million worth of bitcoins moved to Ethereum during June, according to data estimates from Dune Analytics. Wrapped Bitcoin, the oldest tokenized bitcoin protocol on Ethereum, is responsible for roughly 75% of that growth after moving more than 4,800 BTC to Ethereum last month. Demand has increased for using bitcoin in a variety of decentralized financial services as Ethereum […]
Levels of activity on Ethereum have peaked to their highest in two years, going by one metric. The seven-day moving average of the number of active ether addresses rose to 405,014 on Friday – a threshold not seen since May 2018, according to data provided by the blockchain analytics firm Glassnode. Active addresses are the number of unique […]