Tag Archives: Bitcoin

Why Bitcoin-Like Scarcity Would Be a Disaster for the Dollar

Why Bitcoin-Like Scarcity Would Be a Disaster for the Dollar

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 […]

Odds of Bitcoin Hitting Record High in 2020 Are (Slightly) Up, Options Data Suggests

Odds of Bitcoin Hitting Record High in 2020 Are (Slightly) Up, Options Data Suggests

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, DC Federal Court Rules

Bitcoin Is a Form of Money, DC Federal Court Rules

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 […]

In the Aftermath of Hack, Lawmakers Blame Twitter, Not Bitcoin

In the Aftermath of Hack, Lawmakers Blame Twitter, Not Bitcoin

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 […]

After the Twitter Hack, We Need a User-Owned Internet More Than Ever

After the Twitter Hack, We Need a User-Owned Internet More Than Ever

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 […]

Time To Pay Attention: Famed Bollinger Band Creator Comments On Bitcoin

Time To Pay Attention: Famed Bollinger Band Creator Comments On Bitcoin

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 […]

Drop in Bitcoin ‘Whale’ Addresses Suggests Market May Be Decentralizing

Drop in Bitcoin ‘Whale’ Addresses Suggests Market May Be Decentralizing

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 $60M in Bitcoin Moved to Ethereum in June

Nearly $60M in Bitcoin Moved to Ethereum in June

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 […]