Just HODL! Bitcoin and Ethereum outperform ‘lower risk’ crypto index funds

In the past two decades, index and exchange-traded funds (ETF) have become some of the most popular forms of investing because they offer investors a passive way to gain exposure to a basket of stocks as opposed to investing in individual stocks which increases risk of loss.  Since 2018, this trend has extended to the crypto sector and products like the Bitwise 10 Large Cap Crypto Index (BITX) tracks the total return of Bitcoin (BTC), Ether (ETH), Cardano (ADA), Bitcoin Cash (BCH), Litecoin (LTC), Solana (SOL), Chainlink (LINK), Polygon (MATIC),…

El Salvadorians take to the streets to protest Bitcoin law

Protesters calling themselves the Popular Resistance and Rebellion Block have come out against El Salvador’s government passing a law making Bitcoin legal tender. A Tuesday tweet from local news outlet El Mundo shows El Salvadorians carrying banners saying “no to Bitcoin” in the streets of San Salvador demanding a repeal of the country’s Bitcoin law. Legislative assembly members Anabel Belloso and Dina Argueta addressed the protesters after first meeting the group separated by a barrier of razor wire. RT @SusanaPenate: Miembros del Bloque de Resistencia y Rebeldía Popular llegaron a…

Bitcoin payments for real estate gain traction as crypto holders seek monetization

Crypto investors are betting big on real estate this year as the cryptocurrency market continues to grow. New York Digital Investment Group (NYDIG) recently conducted a survey that found that 46 million Americans own Bitcoin, equating to 22% of all adults. While optimistic, some cryptocurrency investors have expressed concerns regarding the security, custody and volatility of digital assets. For example, Nickel Digital Asset Management, a regulated European investment manager dedicated to the crypto market, surveyed institutional investors and wealth managers from the United States and Europe who collectively have $275 billion…

Canadian border town suspends Bitcoin mining over aesthetic concerns

Massena, a town along the New York border with Canada has placed a temporary suspension on new Bitcoin (BTC) mining operations in the area. According to a report by the Associated Press on Friday, Massena Town city officials mandated the 90-day moratorium on new Bitcoin mining activities due to aesthetic concerns. Steve O’Shaughnessy, a Massena Town supervisor said miners littered roads with trailers laden with computers and other hardware required to mine Bitcoin. The AP report quoted O’Shaughnessy’s statement to WWNY-TV, saying: “We don’t want it littered with these trailers…

$60K is now more likely for Bitcoin than $20K, Bloomberg’s senior strategist asserts

Bitcoin (BTC) has a better probability of recovering back to $60,000 than breaking below its current support level of $30,000 to target $20,000, believes Mike McGlone, senior commodity strategist at Bloomberg Intelligence. A screenshot from McGlone’s latest analysis on the flagship cryptocurrency, first shared by Bloomberg senior ETF analyst Eric Balchunas, shows him comparing Bitcoin’s ongoing price action with the “too-cold” period of the 2018–2019 trading session. In detail, the BTC/USD exchange rate entered a prolonged consolidation period near $4,000 following an 80%-plus crash in 2018, but a sudden run-up in…

SEC Commissioner concerned about the US lagging behind global Bitcoin ETFs

Securities and Exchange Commissioner (SEC) Hester Peirce voiced concerns over the United States lagging behind global jurisdictions in adopting cryptocurrency exchange-traded funds (ETF). During an online appearance at the Bitcoin (BTC) conference “The B Word,” Peirce pinpointed that many other countries like Canada have already been trading crypto ETFs so far, while the U.S. is still deciding on whether to approve such a trading instrument, stating: “I would never have imagined that I would be in this situation where we would not yet have approved one and other countries are moving…

How Twitter Could Integrate Bitcoin Into its Products

Key Takeaways Jack Dorsey says Bitcoin will be a “big part” of Twitter’s future. In the company’s Q2 earnings call, Dorsey put forward several ways Bitcoin could be used in the company’s products. Dorsey also mentioned the decentralization of social media, an idea that is gaining traction across crypto. Share this article Twitter CEO and long-time Bitcoin bull Jack Dorsey has suggested several ways his social media company could integrate Bitcoin into its products.  Twitter Looks to Integrate Bitcoin Twitter may soon allow users to send and receive Bitcoin through…

Bitcoin is key to the future of Twitter, Jack Dorsey says

Bitcoin (BTC), the world’s largest cryptocurrency by market capitalization, will be one of the key trends for the future of Twitter, CEO Jack Dorsey declared. Twitter CEO said that Bitcoin would be a “big part” of the company’s future at the second-quarter earnings call, outlining the digital currency’s potential to further transform Twitter products and services. Referring to Bitcoin as a native currency of the internet, Dorsey described opportunities to integrate BTC into existing Twitter services including commerce, subscriptions and new features like Twitter Tip Jar and Super Follows. The…

Bitcoin mining is becoming vastly more decentralized in 2021

Bitcoin (BTC) has become considerably more decentralized in the past year, one metric suggests — and the trend is growing. According to data from on-chain data resource Blockchain, hash rate distribution is increasingly favoring small, unknown miners.  Small guys increase slice of mining pie Despite the past twelve months seeing a large price run-up, Bitcoin miners have not become more “corporate” — mining is actually seeing more anonymous, small-scale entities join in. Looking at hash rate distribution, the trend is in evidence ever since the March 2020 crash, and this…

Number of investors owning Bitcoin has tripled since 2018: Gallup Poll

A recent survey has revealed Bitcoin has gained traction with younger U.S. investors in terms of awareness, interest, and ownership over the past three years. The study conducted by global analytics and advice firm Gallup revealed that the number of investors in the U.S. holding BTC has jumped from 2% in 2018, to 6% as of June 2021. The research defines “investors” as adults with $10,000 or more invested in stocks, bonds, or mutual funds. It also reported that Bitcoin ownership among investors surveyed aged under 50 has more than…