The next 6 months will make or break S2F, the most famous Bitcoin model, says PlanB who popularized the method. The Stock-To-Flow Model The S2F model is a simple method used to predict asset prices. PlanB first posted a chart for Bitcoin based on the technique back in 2019. Here is new chart based on the S2F method for Bitcoin’s current price prediction, posted by PlanB on Twitter: BTC’s S2F model | Source: PlanB The trend predicted by S2F is Read more …
Watch This Episode On YouTube Listen To This Episode: Karim Helmy of Galaxy Digital joined the “Bitcoin Magazine Podcast” to discuss one of the most interesting and deep conversations in Bitcoin: What is its nature? Helmy has a rich history studying the Bitcoin blockchain and is an expert on bitcoin mining in particular. Host Christian Keroles has very strong views on what Bitcoin is and some of them are counter to what Helmy believes. Rather than debating over Twitter, Keroles Read more …
The Hungarian-born American billionaire investor George Soros’ investment fund is actively trading bitcoin investment products, according to reports. Undisclosed sources reveal that bitcoin trading got the green light from the Soros Fund Management chief investment officer (CIO) Dawn Fitzpatrick. Soros Fund Management Reportedly Has ‘Greenlight’ to Trade Bitcoin At the end of March, Bitcoin.com News reported on George Soros’ investment fund and the company’s CIO Dawn Fitzpatrick. At the time, Fitzpatrick said that central bank digital currencies (CBDCs) are a Read more …
Total Locked Value (TLV) of 10M was reached in the first 4 hours of the farming program. Free TON, a community-driven blockchain with decentralized governance, has announced its 15M TON Yield Farming program will take place on TON Swap (Free TON’s DEX is powered by Broxus). In addition, the WTON-USDT pair will be hosted both on Uniswap and TON Swap. Today, June 29, the first stage of farming begins, with the second stage expected to start by the end of Read more …
Robinhood has been fined by FINRA and the finance company will have to pay roughly $70 million in penalties. The company was fined for causing what was described as “widespread and significant” harm to customers. FINRA announced that it had fined Robinhood $57 million. And ordered the company to pay $12.6 million in damages to customers, plus interest. Bringing the total amount to roughly $13 million to be paid in damages. This penalty is the largest penalty ever ordered by Read more …
Hut 8 Mining Corporation has announced a $44 million purchase of 11,090 WhatsMiner MicroBT M30S, M30S+ and M31S bitcoin mining rigs from Hong Kong-based company SuperAcme Technology. The purchase complements an earlier one of 863 M30S+ and M30S miners, which Hut 8 expects to be delivered and deployed this month. However, the latest batch of machines won’t be delivered until October, with full deployment expected to be completed by December 2021. Hut 8 plans to employ the almost 12,000 rigs Read more …
Lightning Network payments platform Strike, which recently made headlines as the primary partner in El Salvador’s decision to declare bitcoin as legal tender, has announced it is adding a bitcoin buying tab to its app with a goal of minimizing the fees typically collected on these buys. “I am unbelievably excited to announce the Bitcoin tab and the ability to buy bitcoin on Strike,” company founder Jack Mallers wrote in an announcement post shared with Bitcoin Magazine. “Starting today, Strike Read more …
Centre, the consortium behind the issuance of USD Coin (USDC), announced it will launch the popular asset on 10 more blockchains. This would expand the reach of USDC to other environments and could make it more popular as a commercial and staking currency. While Centre made the announcement only recently, USDC surprisingly launched on Tron today. Centre Launches Multichain USDC Initiative Centre, the consortium behind USDC, the second biggest stablecoin by market share, announced an initiative to take Read more …
The biggest bitcoin exchange in Latin America, Mercado Bitcoin, has raised $200 million from SoftBank as announced by its parent company 2TM Group. The fundraising is the most significant series B round in the history of Latin America and values 2TM at $2.1 billion — now the eighth biggest unicorn startup there. “Millions of people around the world are realizing that digital assets and cryptocurrencies are both innovative technologies and efficient stores of value — Brazil is no exception to Read more …
The below is an excerpt from a recent edition of the Deep Dive, Bitcoin Magazine‘s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now. Yesterday, it was reported that Soros Fund Management, led by infamous billionaire investor George Soros, received an internal nod of approval to begin trading bitcoin. The fund reportedly has around $27 billion under management, but the move is especially notable given the Read more …
While dogecoin and the ERC20 token shiba inu have surprised the masses with phenomenal gains this year, another dog token has entered the fray. A coin project called “Baby Doge” has risen 228.3% during the last 24 hours and even more so after Tesla’s CEO Elon Musk tweeted about the crypto asset. Another Canine Crypto Coin Sees Its Value Surge Just when you thought there were plenty of dog meme tokens flooding the market, another canine coin has broken free Read more …
As Bitcoin struggles to make a decisive move upwards, big news has had little effect to aid the bulls during this ongoing sell-off. From Morgan Stanley buying 28,000 shares of the Grayscale Bitcoin Trust (GBTC) to MicroStrategy holding over 100,000 BTC, to 640 banks in the U.S. offering BTC to their clients, many announcements have gone relatively unnoticed as BTC’s price bleeds. The entry of the investment giant Soros Fund Management into the crypto market could have the same fate. Read more …