Bitcoin whales have started accumulating the cryptocurrency again after a period of distribution, indicating possible FOMO, according to Santiment data. However, analysts say there may be other reasons, such as mistrust in the US government or increased trading interest.
Arizona Governor vetoed a bill that would prevent cities from taxing residential crypto mining operations, citing concerns that the bill's broad definition of blockchain tech would restrict local policymaking. The pro-crypto legislation was introduced by a Republican senator.
Tesla's decision to sell Bitcoin last year cost the company $500M, as the cryptocurrency has since surged over 50%. Tesla made $165M in profit from its two Bitcoin sales but sits atop an unrealized loss of $56.6M on its remaining BTC holdings, with a net profit to date of $108M.
"London Stock Exchange Group" & "Global Futures and Options" plan to launch UK's first centrally cleared trading venue for digital asset derivatives in Q4 2023. LCH SA to provide clearing services for cash-settled Bitcoin index futures and options contracts. #Bitcoin#CryptoNews
Bank of America strategists predict Bitcoin rally to continue based on recent outflow from exchanges to personal wallets, suggesting decreased sell pressure. Bitcoin up 70% in the past quarter & 43% in the last month alone. #Bitcoin#CryptoNews#BankofAmerica#HODL
Bitcoin miner Bitdeer is set to go public under the ticker symbol "BTDR" on the 14th via a $4b SPAC merger with Blue Safari Group. Other bitcoin mining firms like TeraWulf, Marathon Digital, and Riot Blockchain, have also listed shares. #Bitcoin#Nasdaq#SPAC#CryptoNews
Twitter partners with eToro to allow direct buying and selling of stocks and cryptocurrencies on the platform. The integration aims to increase awareness and adoption of cryptocurrencies and boost trading volumes. CopyTrader feature also available. #CryptoNews#Twitter#eToro
Exxon is rated top ten best in world for environment, social & governance (ESG) by S&P 500, while Tesla didn’t make the list!
ESG is a scam. It has been weaponized by phony social justice warriors.
@dfrejure @banteg @Beastlyorion "decentralized" being a shade of grey indicating points of attack... a proof of authority type consensus mechanism has very clear attack points.
30-50% retracements are routine for bitcoin, we typically get them multiple times a year. Same for 50-70% retracements in alts. These are fundamentally volatile assets. You don’t get repeat 10x returns without some downside volatility.