XRP Inflation Rate Five Times Higher Than Bitcoin’s

Data from research firm Messari indicates that Ripple’s circulating supply (XRP) inflation rate is coming up to 20% for the latest financial year. Highest among the large-cap crypto assets, it is five times that of Bitcoin’s (BTC). Inflation vs. price Messari researcher Florent Moulin shared the information on Twitter stating that Bitcoin is up 20% since last year, but in contrast, XRP is down 47% —- alluding to some correlation between their price and circulating supply inflation rates. Moulin also compared how much of the max supply is in circulation,…

The Signal That Preceded Bitcoin’s Drop to $3k in 2018 Is About to Flash Again

Just a week ago, Bitcoin was trading just dollars shy from $10,000. But after rumors (since disproven) spread about Satoshi Nakamoto selling his stash of BTC, the cryptocurrency has collapsed to $8,700. Some have deemed this move a “healthy” retracement, but a key indicator suggests that Bitcoin bulls have further losses ahead of themselves. Related Reading: Crypto Tidbits: Satoshi Isn’t Dumping His Bitcoin, China ‘Bans’ Cryptocurrency Mining Bitcoin Is About to Print a Hash Ribbons Crossover Due to the block reward halving that transpired two weeks ago, the revenue that…

Bitcoin’s Path to a Safe Haven

Aren’t we all searching for a safe haven? Whether we mean literal shelter — four walls and a roof over our heads — or something more sophisticated, the craving for a dependable defense against random chaos has always been our instinct. With the COVID-19 pandemic rearranging society at every level, the allure of a safe haven reigns supreme for our battered psyches. In the realm of financial instruments, the search for the safest of safe havens, also known as a store of value, has taken on a new urgency. Is…

Bitcoin’s Block Size Debate Has 2 Failure Modes, Critics Say

Extremely small or extremely large block sizes may cause similar centralization problems. Key Takeaways Bitcoin’s ideal block size is still being discussed by critics. Small or large block sizes could cause centralization. There are no expected changes to block sizes in the near future. Share this article Two cryptocurrency critics have weighed in on Bitcoin’s ongoing block size debate, arguing that a middle ground is best. Anywhere outside this middle ground and Bitcoin risks undue centralization. Hasu’s Flowchart Hasu, a cryptocurrency researcher at Uncommon Core, summarized the debate with a…

Did Satoshi Just Move Craig Wright’s Bitcoins?

On May 20, reports indicated that Satoshi Nakamoto may have reactivated himself in order to move 50 Bitcoins (BTC) first mined back in February 2009. Upon further research, it was discovered that these were not just any Bitcoin. They are Bitcoin that Dr. Craig Wright himself has laid claim to. Transactions in question The transaction in question transferred 50 BTC to two addresses with a 40/10 split (this split is reminiscent of the famous first ever Bitcoin transfer, which sent 10 BTC from Satoshi to computer scientist, Hal Finney). The…

Bitcoin’s Transaction Fees Soar Post-Halving

Transaction fees on Bitcoin have increased by close to 250% since the network’s third block reward halving on May 11. If this is the start of a sustained fee market, the positive impact on the network’s security outweighs the negatives for users. Bitcoin Makes up for Lost Earnings Since the halving occurred, the average fee required to transact over the Bitcoin network has risen from $2.5 to $6.4. Bitcoin’s average transaction fee hasn’t crossed the $2 threshold since August 2019.  The last time average fees hit $6 was in July…

Bitcoin’s Sentiment Score Post-Halving Rises to Highest Since 2017

One week after the Bitcoin rewards halving, investors are speaking more positively about the coin than they have at any point over the last 2.5 years according to crypto data company The TIE. Chief Executive Officer (CEO) Joshua Frank spoke to Cointelegraph on May 18, saying the 30-day average daily sentiment score — the number of positive reviews in relation to the number of negative reviews — of Bitcoin (BTC) is the highest the company has ever recorded.  Bitcoin’s sentiment (30 day average) is the highest that we have recorded…

These 4 Trends Suggest Bitcoin’s Bull Trend Is Exhausted After Rally to $10k

Just two months ago, Bitcoin was trading at $3,700. Amid a liquidation event in traditional finance and growing fears of a recession and a pandemic, global markets were tanking, crypto included. But just eight weeks and a block reward halving later, BTC just recently traded at $10,000 — just over 170% higher than the March capitulation lows. It’s a stunning reversal that has analysts anticipating more upside. But according to a leading trader, there are four clear market trends indicating that for the time being, Bitcoin will see a “dip,”…

Analyst Who Predicted Bitcoin’s 2019 Bottom Asserts That $6,000s Are Likely

After attempting to break decisively past $10,000 for the second time in a week, Bitcoin was rejected, plunging as low as $9,200 for the umpteenth time in a matter of days. BTC’s tepid price action has made some investors cautious that more downside for the flagship cryptocurrency is possible, citing the loss of the key $9,500 support. One investor touting this forecast is the same individual who, in the middle of last year, predicted a retracement to $6,400 when the asset was rallying well above $10,000. The retracement took place…

Once In a Lifetime Money Printing Strengthens Bitcoin’s Bull Case Investor

Since the crypto bubble of 2017 that brought Bitcoin from under $1,000 to $20,000 in a year, analysts have been wondering what will spark the next rally. Many have put their faith in the Bitcoin block reward halving, which came to pass earlier this week, but more and more are becoming convinced that central bank and government liquidity is the “prime catalyst” to start a bull market in both Bitcoin and gold. Fund Manager: “Long Bitcoin and Gold” Due to Money Printing Macro hedge fund manager Dan Tapiero, just a…