Cryptocurrency Analysis and News Portal
Even idle speculation that mysterious bitcoin founder Satoshi Nakamoto might be moving around a small batch of the cryptocurrency appeared sufficient to spook the market on Wednesday. Bitcoin slid 2.3% on the day, retreating after a four-day rally and pushing the price down to about $9,500.You're reading First Mover, CryptoX's daily markets newsletter. Assembled
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Bitcoin's mining "difficulty" has undergone its first adjustment since last week's halving, dropping the figure by 6%.Mining difficulty is part of an automatic procedure that takes place on the Bitcoin blockchain every 2,016 data blocks, or roughly every two weeks. The mechanism is supposed to help keep the blockchain network humming along steadily: When computational power
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At its core, the Bitcoin blockchain is a sprawling global machine – a human-created network of human-operated computers.And for bitcoin traders, it's bullish that key events on the blockchain network over the past couple weeks have gone smoothly, showing that the machine is working well. Or, at least, exactly as it was designed. You're
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Bitcoin's rally last week as the Standard & Poor's 500 Index of U.S. stocks floundered served to underscore just how different the conversations are right now in digital asset markets and traditional finance.As high-profile investors including Stanley Druckenmiller and David Tepper were warning of looming bankruptcies, overvalued stocks and the increasingly distant chances of a rapid economic recovery,
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Bitcoin is rallying again, and some analysts are looking at a potential driver of even higher prices: new data showing that mining pools are hanging onto the cryptocurrency rather than sending it to exchanges for a quick sale.But as with a lot of bitcoin analysis, the interpretation isn't always clear-cut;
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Bitcoin's halving, the subject of amped-up buzz, hype and speculation since late 2019, proved anticlimactic on Monday as prices slid for a third straight day and the blockchain network slowed to a crawl.Industry executives on a CryptoX halving-countdown talk show, held via Zoom, had to pass the time with technical discussions of the future potential of
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With fewer than four days left till bitcoin's halving, popular interest in the once-every-four-years event is reaching a fever pitch.Google Trends, a barometer for gauging interest in trending search topics, shows searches for "halving" or "bitcoin halving" at five times the peak in 2016, when the blockchain underwent its previous halving event. You're reading First Mover,
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Bitcoiners planning around next week's "halving" on the blockchain network need to keep checking their countdown clocks: Every time they look, it seems it's coming a little sooner.Last week, Michael Maloney, chief financial officer of Coinmint LLC, a Puerto Rico-based cryptocurrency mining company with operations in upstate New York, examined data from the Bitcoin blockchain and estimated
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Billionaire investor Warren Buffett says he's having a hard time finding attractive investments as the coronavirus ravages the global economy.Maybe he should take advice from professional crypto investors like Pantera Capital's Dan Morehead – and reconsider bitcoin.You're reading First Mover, CryptoX's daily markets newsletter. Assembled by the CryptoX Markets Team, First
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“It was the best of times; it was the worst of times.”The opening line to Charles Dickens’ "A Tale of Two Cities" provides an apt-enough description of the moment crypto investors now find themselves in as the coronavirus takes a devastating toll on the global economy, raising ugly questions about
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