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ByAuthor J.D. SmithPosted on
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ULTIMATE BITCOIN HODLER!!! MICHAEL SAYLOR SHOWS HIS CONVICTION!!!

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Crypto News: Bitcoin Holder Michael Saylor & Microstrategy

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Bitcoin Markets
ByAuthor J.D. SmithPosted on
26
0

Bitcoin price sheds 5% after Oracle keeps quiet on $4B BTC allocation rumors

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Bitcoin (BTC) fell $2,000 overnight on March 11 after United States-based multinational Oracle dispelled rumors that it had bought 72,000 BTC.

BTC/USD 1-hour candle chart (Bitstamp). Source: Tradingview

Data from Cointelegraph Markets and TradingView showed BTC/USD returning to $55,000 on Thursday after hitting local highs of around $57,00.

The previous day had delivered strong performance across cryptocurrency, with bulls eagerly awaiting a retest of Bitcoin’s all-time highs at $58,300.

While the momentum did much to overcome a final band of resistance in place just below that level, it did not last, as an alleged adoption announcement from Oracle failed to materialize.

Starting in February, claims began to surface that the firm planned to buy a huge amount of Bitcoin in a move that would rival top institutional investors Grayscale and MicroStrategy. Confirmation should have come on Wednesday, social media users added, but an…

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Bitcoin
ByAuthor J.D. SmithPosted on
10
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Nervous newbies are taking profits while long-term BTC investors hodl strong

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Long-term Bitcoin hodlers appear not to be selling despite 2021’s all-time highs, while nervous newbies have been taking profits along the way.

According to Unchained Capital’s “Hodlwaves” chart — which visually illustrates the time since BTC wallets were last active on-chain, 2021 has seen an increase in both long and short-term activity.

Hodlwaves: Unchained Capital

The chart shows the number of coins that have moved in the past 30 to 90 days is at its highest level since 2018. These addresses represent more than 15% and are currently the largest segment of BTC wallets.

Bitcoin wallets that have remained inactive for between three and five years are currently the second-largest segment, representing 13.5% of all addresses. These wallets have also steadily expanded in number during 2021, with onlookers speculating the data may reflect a large number of BTC bag-holders who bought during…

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Bitcoin Latest
ByAuthor J.D. SmithPosted on
12
0

25% of UK investors would’ve made £1 million by going all-in on BTC in 2020: Survey

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New research from U.K. think tank Parliament Street revealed that 25% of British investors estimate they would have made £1 million or more ($1.39 million) in profit by investing all their wealth in Bitcoin at the start of 2020.

The survey “The Great Cryptocurrency Report” polled 2,000 British investors about their confidence in crypto and general investment plans for 2021.

The poll found that 29% of respondents had been encouraged to invest by the outsize returns generated in the latest bull run in which Bitcoin prices have hit $56,000, or £40,000.

But on the other side of the ledger, the research found that 31% will not invest in cryptocurrency because they believe they have already “missed the boat”.

Investors revealed their price predictions in the survey, with 31% predicting that they expect the price of Bitcoin to hit £50,000, or $69,000, this year, a 23% increase from current…

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Bitcoin Investment Tech
ByAuthor J.D. SmithPosted on
16
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Ethereum miners plot hash-power ‘show of force’ against EIP-1559

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Some Ethereum miners are trying to drum up support for a demonstration of force to show their opposition to the impending implementation of EIP-1559.

Amid the backdrop of ever-escalating Ethereum fees, the Ethereum Improvement Proposal seeks to replace the network’s existing bidding-based fee market with a fixed price and burn mechanism.

However, EIP-1559 — which is scheduled to go live in July, will significantly impact the revenue of miners. Some analysts estimating Ethereum miners could lose up to 50% of their profits.

To signal their opposition to the proposal, some Ether miners are now planning a 51-hour show of force for April 1. Miners intend to direct their hash rate to the 1559-opposed pool, Ethermine, for 51 hours on April 1. Some apparently hope to harness more than 51% of hash rate.

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Bitcoin
ByAuthor J.D. SmithPosted on
27
0

You’d have $10K now if you’d invested April’s stimulus in Bitcoin — and more with ETH

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A Twitter account named “$1200 Stimulus Is Now Worth” has been tracking how much the first US $1200 stimulus would be worth if you invested in Bitcoin when the funds were sent out from April 15, 2020.

The passing of the first $1200 stimulus bill in April last year corresponded with a huge bull run in the cryptocurrency and stock markets.

Bitcoin was sitting at $6,848 on April 15, and if you had invested the $1200 stimulus then it would now be worth $10,211 at today’s prices of roughly $56,000. The return on investment is 751%

And if you’d somehow missed out on investing the first stimulus check into Bitcoin, the second stimulus of $600 rolled out in…

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Bitcoin Blockchain Investment Tech
ByAuthor J.D. SmithPosted on
13
0

True or false? A single NFT can power a European household for 1.5 months

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The recent boom in non-fungible tokens, or NFTs, has been accompanied with controversy and concern over the technology’s environmental impact due to the computational power required.

Out of all transaction types on a blockchain, NFTs are some of the most intensive of them all as they often involve numerous complicated transactions and executions of smart contracts in the minting, bidding, selling, and transferring process. This is sometimes reflected in transaction costs reaching hundreds of times more than that of a simple transaction.

In the past, the impact of such concerns was minimal, however, in recent weeks, some artists and platforms are starting to cancel NFT plans as a result. Digital artist…

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