Bitcoin (BTC) miners have started to hodl more of the newly generated BTC at the time when BTC is still failing to breach the psychologically important level of USD 10,000 per coin and when BTC mining set to become even more difficult. While in the past 12 weeks miners still sold more BTC than they…
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Not surprisingly, the latest newsletter by Bloomberg editor Joe Weisenthal sparked a vivid discussion in the Cryptoverse, with community members coming to bitcoin (BTC)’s defense in droves. In the piece, Weisenthal outlined six reasons for what he sees at bitcoin’s lackluster performance this year: The argument that economic crises are good for BTC has been…
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Yesterday, bitcoin price extended its decline below the USD 9,200 and USD 9,050 support levels. For a moment, BTC even spiked below USD 9,000, but the bears failed to gain strength. As a result, the price started recovering and it recently jumped more than 4% to test the USD 9,550 resistance region. Most major altcoins…
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“What’s in a name?” muses the eponymous heroine of Shakespeare’s Romeo and Juliet. A “rose,” she says “by any other name would smell as sweet.” Not so when it comes to cryptocurrencies, it seems. Some of Japan’s most prominent crypto industry players, academics, lawmakers and legal experts spent their weekend debating crypto-related lexicon, in a…
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Source: Adobe/kirill_makarov Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Banking news A major Brazilian bank has closed the accounts of at least five companies that deal with cryptoassets, reports Portal do Bitcoin. The media outlet says that Caixa…
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Vitalik Buterin. Ethereum (ETH) Co-founder Vitalik Buterin keeps criticizing the stock-to-flow (S2F) model, though agreeing that a lack of correlation between the rise in bitcoin (BTC) price and the coin’s halving isn’t enough to do away with this popular and disputed model. The theory that the halving causes a price rise is "unfalsifiable" due to…
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A fund manager has opined that there is a strong correlation between bitcoin (BTC) prices and the value of stocks in some of the United States most powerful IT giants – but warned that, like big tech stock, BTC might have to wait until the coronavirus pandemic has died down before its next big upward…
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South Korean crypto tax legislation is set for a July rollout. The government appears to have settled on a means of ensuring citizens pay tax on their cryptoasset earnings – and will attempt to tax crypto “like real estate.” Although it has yet to make a formal announcement on the matter, a number of leading…
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After a peak in transaction fees on the Bitcoin (BTC) network was seen less than a month ago, the fee paid to miners for processing transactions is now back at levels seen in April, a time well before the third halving in May. On Sunday, June 14, the median BTC transaction fee was USD 0.205,…
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This past week, bitcoin failed to settle above the USD 10,000 resistance and started a sharp decline. BTC broke many important supports near USD 9,550 to enter a bearish zone. The price is currently (08:30 UTC) gaining bearish momentum and it might even break the USD 9,000 support. Similarly, most major altcoins are declining and…
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