This Tiny Country Has Been Consistently Dumping Bitcoin, And You Won’t Believ...
Over the last few months, there have been heavy selling that has contributed to push the Bitcoin price downward. A good chunk of this selling had come from major holders as they moved to secure profits on their holdings. However, amid the sell-offs, one interesting name continues to pop up, with selling ramping up to […]
Related News
At the time of writing, Ethereum’s presale has entered its next phase, where the price of 1 ETH dwindles in a downward linear progression through the sale’s end. The presale thus far has seen more than 48 million ETH presold, which even if calculated at the original price of 1 BTC / 2000 ETH is more than US$14 million. On Wednesday, the Wall Street Journal reported “mixed emotions” among “Bitcoiners” regarding the Ethereum presale because a few people on Reddit called Ethereum a scam. “Then there’s the other concern: Will the Ethereum team start dumping all their accumulated bitcoins and,....
If the only tool you have is a hammer, it's tempting to treat everything as a nail. Thus, most people in the technically-oriented Bitcoin community treat the specter of mining centralization as a problem to be solved chiefly by technical means. However, a substantial cause of mining centralization is Chinese government policy, which distorts the digital currency mining market. There are creative arguments that China is violating its international trade obligations. Given the consequences for mining centralization, government subsidy for digital currency mining might be added to the list of....
Crypto pundit Bitlord has called out Ripple executives Brad Garlinghouse and Chris Larsen, accusing them of dumping XRP. The pundit has gone as far as to threaten to take action if they don’t stop selling and suppressing the token’s price. Crypto Pundit Accuses Ripple Executives Of Dumping XRP In an X post, Bitlord put out […]
As of the end of 2016, we are now about seven years into the bitcoin experiment. In that time, remittances have gone from one of the most buzzed-about use cases for bitcoin to one that's billed as one of its biggest challenges. So, can bitcoin make an impact as an intermediary for exotic currencies not often traded? Can it help deliver cash on the ground quicker and cheaper? Well, it turns out there's a lot of ways to approach remittances – from private blockchains, consortiums, apps, FX dealers to decentralized cryptocurrencies. Let's explore some of them below. What doesn't work.....
Rome wasn’t built in a day, and it will also take some time for every country on Earth to adopt BTC. Bitcoin (BTC) adoption by governments and companies remains a dubious question and the “digital gold” thesis proposed by advocates faced harsh critics after Tesla sold 75% of its holdings in the second quarter of 2022. Larger entities buying or selling Bitcoin have always moved the needle on how close countries are to using cryptocurrencies as a store of value. Currently, the average purchase price of El Salvador’s Bitcoin holdings stands at $45,000, making it a rather unprofitable....