Bitcoin

"The root problem with conventional currency is all the trust that's required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust."

- Satoshi Nakamoto

👍12❤3😱1

85.1K views19:46

Kazakhstan could be on track to becoming one of the world’s largest #Bitcoin mining hubs as the country seeks a $715 million development fund.

https://www.btctimes.com/news/kazakhstan-to-make-a-700-million-bet-on-mining

Kazakhstan to Make a $700 Million Bet on Bitcoin Mining

Kazakhstan's new digital development minister Bagdat Mussin plans to reinforce the country's economy by expanding its crypto mining sector with a 300 billion tenges (approximately $715 million USD) investment.

Talks of expansion are already underway. On…

👏5👍2🔥1

89.9K views05:25

#LightningNetwork derivatives trading platform LN Markets announced it has closed a pre-seed funding round, raising an undisclosed amount from investors such as Bitfinex and Arcane Crypto.

https://www.btctimes.com/news/lnmarkets-closes-pre-seed-to-build-bitcoin-derivatives-on-the-lightning-network

LN Markets Closes Pre-Seed to Build Bitcoin Derivatives on the Lightning Network

Lightning-based Bitcoin derivatives trading platform LN Markets announced it has closed a pre-seed funding round with investors such as Bitfinex, Fulgur Ventures, and Arcane Crypto.

LN Markets told the BTC Times that since launching their alpha in March…

👍3🔥3😡1

82.9K views07:30

“#bitcoin quantitative hardening”

- ChartsBTC

https://twitter.com/chartsbtc/status/1303715980653129730?s=21

#bitcoin quantitative hardening

ChartsBTC

❤2🔥2

79K views18:12

Twitter CEO Jack Dorsey believes #Bitcoin is “the best manifestation” of the internet’s desire for a native currency, adding, “I can’t see that changing.”

https://www.btctimes.com/news/jack-dorsey-bitcoin-is-best-manifestation-of-a-native-internet-currency

Jack Dorsey: Bitcoin Is "Best Manifestation" of a Native Internet Currency

When Twitter chief executive Jack Dorsey spoke to the Australian Financial Review in September 2019, he appeared interested in Bitcoin as a store of value, but unsure about its potential as a currency, stating that “it’s not functional as a currency. The…

🔥1

86.4K views19:36

“I have this feeling that one of these days #Bitcoin will suddenly jump to $20k and everyone will be in shock.”

- Samson Mow

https://twitter.com/excellion/status/1303470295936692225?s=21

I have this feeling that one of these days #Bitcoin will suddenly jump to $20k and everyone will be in shock.

Samson Mow

👍3

90.7K views12:23

On Monday, MicroStrategy bought an additional 16,796 #bitcoin. The firm now holds a total of 38,250 bitcoin, purchased at an average price of $11,111.11.

https://www.btctimes.com/news/microstrategy-buys-another-16796-bitcoin

MicroStrategy Buys Another 16,796 Bitcoin

Business intelligence firm MicroStrategy has all but doubled down on its initial $250 million bitcoin bet by loading up on a further 16,796 BTC, worth around $180 million at press time.

Relaying the news, MicroStrategy's CEO Micheal Saylor explained, in…

🔥3

98K views17:28

"On September 14, 2020, MicroStrategy completed its acquisition of 16,796 additional bitcoins at an aggregate purchase price of $175 million. To date, we have purchased a total of 38,250 bitcoins at an aggregate purchase price of $425 million, inclusive of fees and expenses."

- Michael Saylor

https://twitter.com/michael_saylor/status/1305850568531947520?s=20

On September 14, 2020, MicroStrategy completed its acquisition of 16,796 additional bitcoins at an aggregate purchase price of $175 million. To date, we have purchased a total of 38,250 bitcoins at an aggregate purchase price of $425 million, inclusive of…

Michael Saylor

👍3🔥1

111K views06:23

#Bitcoin’s 30-day volatility has dropped to 20%. The last seven times this happened, a major price movement followed soon after.

https://www.btctimes.com/news/historic-30-day-volatility-hints-at-big-move

Historic 30-Day Volatility Hints a “Big Move" For Bitcoin Is Coming Soon

Real Vision Group CEO Raoul Pal foresees an impending “big move” for Bitcoin in the near term.

On his Twitter account, Pal shared a tweet showing that Bitcoin's historic 30-day volatility has dropped to 20% a total of seven times since 2016. Every time…

👍5

89.7K views10:01

Stone Ridge Asset Management revealed it has purchased $115 million worth of #bitcoin. With the move, the firm is joining the recent trend of large companies making significant investments in Bitcoin.

https://www.btctimes.com/news/stone-ridge-reveals-10000-bitcoin-purchase

Billion-Dollar Asset Manager Stone Ridge Reveals 10,000 Bitcoin Purchase

Under the nose of many in the cryptocurrency space, Stone Ridge Asset Management has accumulated $115 million worth of bitcoin. The $10 billion asset manager confirmed this news to Forbes on October 13th, but did not disclose when exactly the funds were deployed…

👍1

94.8K views16:20

“This is one of the few times in my Bitcoin career where the fundamentals (on-chain data and metrics from infrastructure players) are in moon mode, yet the market is not woke to it. They will be by 2021. This is an opportunity I've not seen since mid-2016.”

- Willy Woo

https://twitter.com/woonomic/status/1313824278656106496?s=20