Supply shock valuation model shows Bitcoin could cost at least $55k
According to one criterion used to measure Bitcoin’s so-called “supply shock,” each coin should be worth at least $55,000. Willy Woo, a cryptocurrency analyst, highlighted what he described as a “conservative” pricing prediction for bitcoin to US dollar in a tweet on September 5. As measures catch up with bitcoin, the price of bitcoin falls. […]
‘ethburned.info’ Report Shows More Than 200,000 Ethereum Burned by EIP-1559
The Ethereum blockchain is burning up According to the latest available data, the amount of Ethereum destroyed by EIP-1559, a recently deployed update that burns transaction fees that were previously paid to miners, has topped 200,000 ETH (equivalent to around $675 million at the prices at which it was burned). According to ethburned.info, a total […]
Crypto is the new shadow bank – Sen. Elizabeth Warren
Bitcoin critic Senator Elizabeth Warren (D-MA), in an interview told the New York Times that cryptocurrency is the new shadow bank in her opinion. The New York Times piece centered on BlockFi, a venture-backed crypto lending business that has drew the attention of a slew of state regulators in the United States as part of […]
Filecoin is up 14% despite market stagnation
Filecoin is one of the few top coins that is now on the rise. The cryptocurrency Filecoin (FIL) is on the rise. Coin, which is used to power a decentralized storage network, has seen its value rise by 14 percent in the last day and 28 percent in the last week, according to CoinMarketCap. The […]
Binance puts a hold on product offerings in Singapore
Binance global cryptocurrency exchange stated on Sunday that its Singaporean users will no longer be able to trade or receive payments in the Singapore dollar (SGD). According to a Sunday blog post, Singaporeans will no longer be able to trade cryptocurrencies or receive payments denominated in the Singapore dollar, also known as SGD. Binance’s mobile […]