Cryptocurrency Analysis and News Portal
Analysts suggest that Bitcoin’s recent surge could be driven by an ongoing liquidity shortage and declining stablecoin market cap. The ongoing liquidity shortage in the cryptocurrency market has been significantly impacting Bitcoin’s price, which has experienced dramatic fluctuations of over 10 percent in recent weeks. According to research from FalconX, the average
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Robby Yung, CEO of metaverse ecosystem developer Animoca Brands, seemed to suggest that, despite the recent attempts to debank crypto and protests on the streets of Paris, confidence in the space was undeterred.Speaking to Cryptox on March 22 at Paris Blockchain Week, Yung said the local government had provided a “warm
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Nearly 18 months after launching its in-house central bank digital currency (CBDC), eNaira, Nigeria witnessed its massive adoption as national fiat reverses face severe shortages. The acute cash shortage in Nigeria was due to the central bank’s decision to replace older bank notes with bigger denominations amid rising inflation. While developing
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The booming blockchain sector in Vietnam is having to deal with a serious deficit in specialists, local media revealed. Despite the large number of software engineers in the country, those with blockchain expertise meet less than a fifth of the current demand, with businesses already looking for talent abroad. Fierce
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BitPatagonia, one of the largest registered crypto mining companies in Argentina, was recently hit with a 400% increase in its electricity bill, the result of a policy change affecting miners there, the startup’s industrial director, Pablo Holmes, told CryptoX. Source
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Cryptocurrency is a hot topic worldwide, especially with prices of Bitcoin (BTC), Ethereum (ETH) and other cryptocurrencies hitting higher thresholds and resulting in another banner year for investors. While the earnings look good on paper, one factor is often left to consider –– that is, crypto taxes.It is not uncommon
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Even though leading bitcoin mining manufacturer Bitmain doubled prices to capitalize on overwhelming demand resulting from the surge in the price of bitcoin, it still pre-sold three months of inventory in a few weeks.In early December, Bitmain was pre-selling bitcoin ASIC miners with an expected shipping date of May 2021,
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Summary:Dan Morehead has pointed out that Bitcoin is experiencing a supply shortageThis is due to institutional buyers such as Paypal scooping up Bitcoin more than is minedBitcoin’s price is 9 weeks behind its pace towards $115k but will eventually get thereThe CEO of Pantera Capital, Dan Morehead, has pointed out
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When demand from these two sources alone exceeds the entire supply of newly minted bitcoins, expect serious supply pressure to follow.Our main discussion: a narrative shift, growing attention and a bitcoin shortage. What happens when demand exceeds supply and supply is being gobbled up aggressively by new market actors? That’s
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PayPal’s recent leap into the crypto market is helping to drive the current bitcoin (BTC) rally, according to Pantera, a prominent cryptocurrency and blockchain investment firm.In an investor letter published Nov. 20, the venture firm compared the ongoing bull market to the last time BTC rose above $18,000, three years ago. “Previously
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