Bitcoin News and Information Today

Grayscale sues SEC after rejection Bitcoin ETF

Jun 30, 2022

Only an hour after the US financial watchdog SEC rejected Grayscale's application for a Bitcoin ETF, the company announced that it will file a lawsuit. For ages, multiple parties have in vain been requesting a spot Bitcoin ETF. The rejection of the request didn't do the Bitcoin price a lot of good.

Smooth sailing? Saylor buys the dip

Jun 29, 2022

Until recently, there were over 129,200 Bitcoin in MicroStrategy's coffers. As of today, they have 480 more. It's a testament to the faith of CEO Michael Saylor, who doesn't flinch during these difficult market conditions.

Gensler: Bitcoin is a commodity

Jun 28, 2022

Gary Gensler, head of the US financial watchdog SEC, has stated that Bitcoin is a commodity. In doing so, he reaffirmed the position that it is not a security and therefore should not expect strict regulation.

China FUD: Why Bitcoin is most likely not going to zero

Jun 27, 2022

The South China Morning Post featured an article citing Chinese state media that Bitcoin is going to zero. Since the market is in full bear mode this kind of pitch seems to be appealing and also frightening to investors. When the market is tanking it seems more plausible that we are going to see new lows and when it’s pumping most investors are anticipating new highs. This raises a few questions: Why would anybody think that Bitcoin could go to zero and why is this outcome not very probable?

Bitfarms sold 3.000 BTC – Is the miner capitulation over or is it starting?

Jun 23, 2022

Over the last couple of weeks, the miner capitulation has been discussed on several blogs and podcasts. The term is very popular and it describes a scenario where miners are forced to sell their Bitcoins to keep up with the production costs and eventually have to face bankruptcy if they run out of cash. In every bear market, the miner capitulation comes into play since many mining businesses are founded under the impression of the last bull market. This time it’s different, one of the bigger mining companies had to sell 3.000 BTC. Why did this happen and is this the capitulation?

Launch of short-Bitcoin ETF

Jun 22, 2022

Is someone criticizing Bitcoin and/or claiming that the price will go to zero? As of this week, you can refer them to a new short ETF: a financial instrument that allows traders to speculate on a drop in the price of Bitcoin. Peter Schiff, put your money where your mouth is!

Vitalik Buterin: Stock-2-Flow model was harmful from the beginning

Jun 22, 2022

The stock-to-flow model is maybe one of the most revered models by Bitcoiners and crypto enthusiasts. It has been discussed across all major crypto media and until today its inventor, the famous Bitcoiner who calls himself “PlanB” still has a large community following him on social media. It was today when Vitalik Buterin spoke out about what many members of the broader crypto community have already been thinking since December 2021. What is the S2F model and is it really screwed like Buterin claimed that it is?

Whales keep accumulating Bitcoin – What to make of this?

Jun 17, 2022

Transactions on the Bitcoin blockchain are not anonymous. The world is watching what is going on and while an observer might not be able to tell who is the owner of a certain wallet each and every movement can be tracked. This includes the richest individuals and their behavior during the recent crypto crash. These entities are leaving clues about how they view the market and how they are playing it in real-time. Which conclusions can be derived from the most recent moves? And how did they react during the recent sell-off?

Summer sale: SkyBridge kept buying BTC and ETH during the crash

Jun 15, 2022

Buy when there is blood in the streets even if it’s your own. That is one of the most iconic proverbs that is told to beginners when they start trading. It is often used to encourage investors to act when the market is going through a difficult time since the biggest opportunity is often created when asset prices are exploring new lows. It is hard to stick to that plan and invest while uncertainty is spreading among investors and within many crypto communities. But there are also professionals active in the market and they are pretty outspoken about what they do and why they are still seeking exposure to an investment in crypto.

Hodlers of the last resort: El Salvador, MicroStrategy, and Tesla are still holding Bitcoin

Jun 14, 2022

Let’s face it: The last couple of days have been a disaster and most investors who bought in 2021 are down badly. Bitcoin is seeing price levels that are getting closer to the all-time high in 2017. Some believe that this is the start of a bigger sell-off while other are cheering over the opportunity to buy more Bitcoin. No matter where you position yourself, you are not alone suffering from this bear market. Who is sitting alongside in the same boat as you and how badly are they doing? Let’s take a look at the historic losses of the hodlers of last resort and at the reason why they are still invested.

US miners have started selling their BTC

Jun 11, 2022

In 2021 and the first few months of 2022, it was a trend among miners in the U.S. to hold on to their Bitcoin, hoping for price appreciation. That has tilted since early spring 2022: Bitcoin miners have become net sellers. What's the reason?

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