Category: Bitcoin

It surely hasn’t escaped their notice, after all, that a number of public companies that “joined” Bitcoin (BTC) in a big way over the past year recently broadcast strong Q1 2021 earnings. Square, which holds $472 million worth of BTC, for instance, reported a quarterly gross profit increase of 79% year-over-year, doubling analysts’ expectations. While

An emerging on-chain analyst believes that the Bitcoin bull market is intact in spite of the leading crypto asset’s latest crash to $46,000. In the most recent installment of the Pomp Newsletter, Will Clemente looks at on-chain activity and concludes that the Bitcoin bull market is not yet over. He points to activity on crypto

As the headlines pile up about Bitcoin’s calamitous environmental impact, one group of investors and supporters have stepped up to the plate to defend the world’s largest digital asset with the help of a crowdfunded, FUD-fighting documentary film.  First announced by investor, podcast host, and Bitcoin fanatic Brad Mills on Twitter, the goal of the

Historically, activity surrounding the Bitcoin (BTC) monthly futures and options expiry has been blamed for weakening bullish momentum. A few studies from 2019 found a 2.3% average drop in BTC price 40 hours before the CME futures settlement date.  However, as Cointelegraph reported in June 2020, the effect faded away. While 2020 seems to have

The chief investment officer of the biggest asset management firm in the world is calling Bitcoin an asset with staying power. Rick Rieder, CIO of global fixed income and head of the global allocation team at BlackRock, unveils his stance on Bitcoin in an interview on CNBC. Rieder names what he sees as some challenges

The first analyst to apply the stock-to-flow model to Bitcoin is predicting that the leading crypto asset could meteorically rise in the following months as BTC continues to hold its ground in the midst of bearish news. In a new tweet, PlanB tells his 457,000 followers not to rule out a massive Bitcoin rally in

Dallas Mavericks owner Mark Cuban says his NBA franchise will continue to accept Bitcoin as payment despite Elon Musk’s recent announcement that Tesla will not. Cuban tells his 8.4 million Twitter followers that, as a store of value, BTC is in fact a better environmental alternative to gold. The billionaire Shark Tank star also argues

Popular analyst and trader Michaël van de Poppe is providing his take on the latest market correction while naming a set of altcoins that have caught his attention. Although the market is down amid news that Tesla will stop accepting Bitcoin as payment until the cryptocurrency meets the company’s energy efficiency standards, Van de Poppe

The energy consumed by mining — the process that keeps Bitcoin’s blockchain running — has been an increasingly popular topic of discussion in recent weeks. On Friday, CNBC posted an interview with SUKU CEO Yonathan Lapchik, during which he explained the Bitcoin mining scene as it relates to renewable energy. The interviewer noted Lapchik previously

Over the course of 2020 and 2021, Square bought over $200 million worth of Bitcoin. At present, the payments company does not anticipate picking up more of the asset, according to its chief financial officer, Amrita Ahuja.  In an interview with Financial News, reported on Friday, Ahuja said: “We don’t have any plans at this