Network difficulty Bitcoin keeps climbing
May 17, 2022
The difficulty of the Bitcoin network keeps setting records. It continues to rise, in a fairly straight line. The difficulty has increased by 30% since the beginning of 2022. This means that Bitcoin miners worldwide have an additional 30% of capacity on aggregate. And thus, per unit of computing power, are paid 30% less Bitcoin for their effort. How can that be profitable while the price of Bitcoin is falling?
Bitcoin is in the red for 7 weeks straight – Will we see a rebound?
May 16, 2022
Many influencers on Twitter already have pointed it out: Bitcoin is in the red for 7 weeks now and that is indeed a historic moment. The market never faced such a drawdown and many traders are speculating that we will get a green candle soon. Our crystal ball is broken and we cannot predict the future for you. But what we can absolutely do is analyze the statements that have been made in the past few days. How does one spot the bottom of a market and even more important, how to spot the type of speculation that doesn’t make any sense at all?
Mass adoption: 44 countries are talking Bitcoin this week in El Salvador
May 16, 2022
El Salvador is not the only country in the world that adopted Bitcoin as currency. Last month the Central African Republic was making its own move to adopt the Bitcoin standard but is still facing issues. It was today when President Nayib Bukele announced that a Bitcoin conference will be held in San Salvador between officials of 44 countries. Is this the beginning of something bigger and will other countries follow the footsteps of El Salvador?
Bitcoin accepted: Emirates Airlines plans to add Bitcoin as a payment service
May 13, 2022
Paying goods and services in Bitcoin has been something that is traditionally connected to online businesses. Renting servers, VPNs, or buying digital gift cards are a few examples of products and services that have created a huge demand over the last few years. That being said, more options became available outside the digital world because Bitcoin and crypto became more popular in general. Why will Emirates Airlines adopt the Bitcoin standard and where else can you book your next vacation and pay with Bitcoin?
Australia: Bitcoin and Ethereum ETFs have started trading today
May 12, 2022
Let’s face it: this week has been a catastrophe for the market in terms of price and stability. While most investors and traders are busy figuring out how to play this market during difficult times it seems that they are missing out on the positive news of the day. Today, the first crypto ETFs start trading in Australia despite the market conditions. What are Bitcoin and crypto ETFs, what are they good for and why could they become important in the future?
Shanghai High Court: Bitcoin is virtual property
May 11, 2022
Although China issued a ban on Bitcoin mining and crypto trading last year, owning it is not prohibited. And according to a recent ruling by the Shanghai High People's Court, Bitcoin has the status of virtual property.
MicroStrategy could ride Bitcoin easily down to $3,562 as its contingency plan reveals
May 10, 2022
Many have warned that MicroStrategy could become a systemic risk to a market that is already volatile and under high pressure at the moment. The company is sitting on a huge pile of 115,109 BTC which is one of the most significant amounts that the public can assign to a single entity. Now that Bitcoin is dumping and the market kept tanking last night, people started to worry if this is adding pressure to MicroStrategy’s finance. Will Michael Saylor’s company dump on all of us? Or is there a viable contingency plan in place?
Diamond hands: Who bought the Bitcoin dip?
May 10, 2022
The market went fully bearish yesterday when BTC started crashing down to $29.800. Many investors were in disbelief since there was still hope for Bitcoin to stay in its range. But now that the results are in it seems that we have to go through difficult times. Despite the fact that many investors are holding Bitcoin at a loss, a few bold market participants remained bullish and bought Bitcoin during the latest dip.