All Bitcoin News
The Chamber of Commerce for Digital, a Washington, D.C.-based advocacy group, commissioned a report scheduled to be released Monday.
Brazilians traded more than $300 million worth of Bitcoin in July. Brazil’s tax authority RFB recently announced the country’s July cryptocurrency transactions.
Nigel Green, CEO of financial advisory and asset management firm Devere Group, has confirmed that he is buying Bitcoin on the dip.
Deribit, a crypto derivatives trading platform, said recently that the non-farm payrolls data did not have a shock, but the global risk market still suppressed optimism.
Bitcoin miner Core Scientific released its August production and operations update, with Core Scientific’s self-mining operations producing 1,334 bitcoins in August.
Bitcoin miner Bitfarms said in its month-end update on Thursday that it mined 534 BTC in August, an increase of 6.8% month-on-month compared to the previous month, while increasing its hash rate by 1% to 3.9EH/s.
Cryptocurrency Bitcoin has had another disappointing month, down nearly 15 percent, according to data provided by UK-based AcornMacroConsulting.
Over the past 24 hours, the value of the crypto industry has fallen by 6.8%, with more than $300 million in positions being liquidated. Over the past seven days, Bitcoin has lost about 4% in value.
While the price of BTC continues to fall, Bitcoin’s mining difficulty and hash rate have both returned to highs, and the latest on-chain data shows that instead of falling, hash rate and difficulty have risen rapidly.
The Triple A report shows that there are currently 320 million cryptocurrency holders in the world, of which the top five countries are the United States (46.02 million, accounting for 13.74% of the population), India (27.41 million, accounting for 2.00% of the population), Pakistan (26.45 million, 11.50% of the population), Nigeria (22.33 million, 10.34% of the population) and Vietnam (20.21 million, 20.27% of the population).
Bitcoinmagazine publishes an opinion editorial titled “How STARLINK is Changing Bitcoin Mining and Improving Decentralization,” written by former Coinspree CEO El Sultan, stating that 60% of Bitcoin traffic over the past five years has passed through just three ISPs (ISP), with a high degree of centralization.
Analyst Venturefounder tweeted that the actual price of Bitcoin is the value of all Bitcoins at the purchase price divided by the number of Bitcoins. This is the average cost basis to buy all Bitcoins. $21,700 is the actual price of Bitcoin right now.
Arcane analyst Jaran Mellerud tweeted: “arcane data shows that listed miners sold 6,200 BTC in July, less than half the amount sold in June.
The Bitcoin mining industry has endured significant financial stress throughout 2022 as a prolonged bear market directly affects their earnings.
The market shows that at the end of New York on Friday (August 12), the main contract of CME Bitcoin futures BTC was reported at $24,275, up 0.12% from the end of New York on Thursday. Up about 5.60%.
Australian Securities and Investments Commission (ASIC) chairman Joe Longo has been surprised by the increase in the number of cryptocurrency investors in Australia, expressing concern that many Bitcoin (BTC) and altcoin buyers are not recognizing the real risks of investing in digital assets.
In a recent interview with Kitco, gold bull Peter Schiff predicted that the price of Bitcoin could still fall below $10,000 due to the forced sell-off.
According to the latest report from blockchain analysis Glassnode, in the past 18 months, the crypto futures market has undergone structural changes, with the proportion of Bitcoin as margin dropped from 70% to a new normal baseline of around 40%.
Oanda believes Bitcoin could rise if Wednesday’s CPI data shows that U.S. inflation eased in July.
The InvestAnswers host said that Coinbase’s partnership with BlackRock could boost Bitcoin’s market cap by at least $1 trillion.