Demand for Bitcoin Will See a Dramatic Shift in 8 Years – Retail Addresses to Eat up Entire New Supply

A recent report from ZUBR Research explains that by 2028, retail demand for bitcoin will exceed the new supply. The report highlights that in eight years as Bitcoin’s supply rate decreases “retail size addresses begin to eat up all the new supply alone.” Even the next halving in...

Institutional Market Sentiment Data is Now Available to Anyone

Estonian exchange, CoinMetro, has chosen to make their crypto sentiment analysis tool available to common users. This is the same tool that is used professionally by crypto hedge funds. Although the tool appears rather simplistic, CoinMetro CEO Kevin Murcko told Cointelegraph that the key here is that regular traders...

Chinese Economist Says 2020 Is the Tipping Point for Blockchain

The Tencent blockchain accelerator entry contest was held recently in Shenzhen China. Its theme concerned “blockchain industry and ecological co construction”. According to the local news on July 2, Professor Zhu Jiaming, former economist of United Nations Industrial Development Organization and the President of Chinese Digital Assets Research, believes...

Traders Brace for Big Drop as Bitcoin Dips Below $9K for Seventh Time

The price of Bitcoin (BTC) dropped below $9,000 in a rapid pullback, falling by 5% in 48 hours. It marked the seventh drop to the $8,000s for the top-ranked cryptocurrency by market capitalization within a span of two months, since early May. Thus, traders have been concerned that repeated...

South Korean NGO Announces Blockchain-Based Healthcare Platform

The Commons Foundation, a South Korean non-governmental organization, revealed its plans to develop a blockchain-based platform that aims to handle health epidemics in the wake of the COVID-19 crisis. According to Digital Today, the NGO will rely on blockchain public services to create an epidemiological research system to suit...

Market Wrap: Bitcoin Briefly Breaks Below $9K, but Markets Remain Comatose

Bitcoin briefly broke below $9,000 on Thursday, but the markets remain quiet.

Elon Musk Says He Isn’t Building Anything on Ethereum

Tesla’s eccentric CEO and co-founder, Elon Musk directly referenced Ethereum (ETH), saying he is not for or against the network.  “I’m not building anything on ethereum. Not for or against it, just don’t use it or own any,” Musk revealed in a July 2 tweet.  The tech mogul responded...

DeFi Insurer Nexus Mutual Maxed Out by Yield-Farming Boom

Nexus Mutual is seeing a surge in demand. “Our product has honestly seen massive interest since yield farming kicked off,” said founder Hugh Karp.

Bitcoin Miners Saw 23% Revenue Drop in June

Bitcoin mining revenue dropped 23% in June to approximately $380 million.

Amazon CEO Bezos Now Has More Money Than Bitcoin’s Market Cap

Jeff Bezos, CEO of online shopping giant Amazon, recently tapped record wealth levels, holding more personal wealth than all the speculative capital currently invested in crypto’s largest asset — Bitcoin (BTC).  “Amazon stock shares surged 4.4% to a record $2,878.70 Wednesday, boosting the founder’s world-leading fortune to $171.6 billion,”...