[ad_2][ad_1] Billionaire hedge fund manager Paul Tudor Jones has turned more bullish on bitcoin, calling it the best hedge against inflation. “I like bitcoin even more now than I did then. I think we are in the first inning of bitcoin and there is a long way to go,” Jones …
Read More »Payments Giant Paypal claims that its customers can now buy and sell Bitcoins
[ad_2][ad_1] Payment giant Paypal says its customers can now buy, sell and hold bitcoins and other virtual currencies with the company’s online wallets. The company also says its customers will be able to use cryptocurrencies to shop at the 26 million merchants on its network as of early 2021. A …
Read More »Bloomberg analyst says Bitcoin’s price is on track to $ 100,000 in 2025
[ad_2][ad_1] Source: R. Danyliuk – Shutterstock Bitcoin is in a period of low volatility and could reach $ 14,000 in 2020 and $ 100,000 in 2025, according to a Bloomberg analyst. The shortage of supply and the state of the US economy will benefit the price of BTC. Bloomberg’s latest …
Read More »At $ 10,600, Bitcoin’s price is on track for its second best quarter ever
[ad_2][ad_1] Bitcoin (BTC) is on track for its best third quarter ever, data shows that the third quarter of 2020 has only one day left. According to the price records from the on-chain analysis resource Crooked, this year is expected to produce Bitcoin’s strongest Q3 in its history. The price …
Read More »Prime mover: Digital gold narrative could be Bitcoin’s lone ace as Ethereum makes money
[ad_2][ad_1] At this point it is practically guaranteed that higher inflation is coming. The Federal Reserve, which has already printed about $ 3 trillion of new money this year, is now explicitly dedicated to reducing the dollar’s purchasing power in an effort to revive the economy. Higher inflation also typically …
Read More »Bitcoin’s hashrate rises to 130 Exahash due to the shortage of next-generation miners
[ad_2][ad_1] Regional reports from China highlighted that some of the major Chinese manufacturers of ASIC mining rigs have run out of their stock of next-generation models. The shrinking supply of high-performance machines could be due to the shortage of 7 and 8nm chips from TSMC and Samsung. Bitcoin miners struggle …
Read More »The re-mining simulation shows that Satoshi used a single high-end PC to mine 1.1 million bitcoins
[ad_2][ad_1] Cryptocurrency advocates recently discussed the mysterious Bitcoin inventor Satoshi Nakamoto as RSK chief scientist Sergio Demian Lerner published a paper called “The Patoshi Mining Machine”. Essentially, Lerner simulated Satoshi’s mining experience. The results estimate that the creator of Bitcoin used a single computer to mine around 1 million bitcoins …
Read More »Bitcoin’s whales bought the plunge, data shows as $ 1.2 billion of it leaves exchanges
[ad_2][ad_1] Bitcoin (BTC) exchanges lost 100,000 BTC during the weekend’s price plunge, the data shows – and that’s a bullish sign. Data from on-chain monitoring asset CryptoQuant on August 5th which tracks stock market balances shows a drastic drop that occurred right after BTC / USD lost $ 1,200 in …
Read More »Twitter hackers leave a trail as they move stolen bitcoins
[ad_2][ad_1] (TNS) – Whoever is behind the security incident involving some of the top economic and political leaders on Twitter – a scam that raised around $ 120,000 worth of bitcoin – is shifting the loot to online accounts, creating the beginning of a digital paper trail that investigators look …
Read More »Grayscale Investments is buying 1,190 Bitcoins per day, on track to control 10% of BTC supply by the next halving in 2024
[ad_2][ad_1] Grayscale Investments, a subsidiary of Barry Silbert‘S Digital currency group, has now acquired nearly $ 500 million in Bitcoin (BTC), since the cryptocurrency went through its third reward block and halved on May 11, 2020, a critical factor that effectively reduced BTC supply by 50%. This week, Grayscale bought …
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