Bitcoin Info

Just as optimism was about to surge, clouds rolled in, pushing prices lower.Read More

PLUS: AI tokens not moving despite a $6.6 billion fundraise from OpenAI.Read More

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The U.S. Securities and Exchange Commission announced it would appeal a federal judge’s ruling in its case against Ripple on Wednesday.Read More

Bitcoin’s price is currently retesting its “Bull Market Support Band” trend indicator, where prices often rebounded from pullbacks during uptrends.Read More

Gurbir Grewal, the U.S. Securities and Exchange Commission’s (SEC) director of enforcement, is stepping down and departing the agency, according to a Wednesday press release.Read More

The proposed 25% levy would hurt early investors in bitcoin and lead to a selloff in the wider market, says Zac Townsend, CEO and co-founder of Meanwhile.Read More

The Chiliz blockchain is aiming to become “the sports blockchain,” its CEO Alexandre Dreyfus told CoinDesk in an interview, while also calling out the disproportionate historical hype around NFTs in comparison to fan tokens.Read More

Important things to consider when looking at the future of off-chain systems.Read More

In this week’s issue of CoinDesk’s weekly blockchain tech newsletter, we’ve got names, details and anecdotes on crypto companies’ unwitting hires of North Korean developers. PLUS month-end rankings for bitcoin, ether and other digital assets in the CoinDesk 20 index during a strangely bullish September.Read More

An Indiana man has pleaded guilty to taking part in the “cyber intrusion” of a Sioux Falls, South Dakota-based financial services company, during which he and unnamed co-conspirators hacked into the company’s servers, stole customers’ personal information, and then stole nearly $38 million in cryptocurrency from 571 victims.Read More

The SLNT Submersible Faraday Backpack may be a bit of a splurge, but it has all the features a Bitcoin privacy expert could want.Read More

What We’re Reading: Bitcoin: A Global Liquidity Barometer I have been intrigued by the significant increase in global liquidity during 2024, driven by extensive money printing and debt expansion, and how it impacts Bitcoin’s price. Bitcoin is an expression against the government’s monetary expansionist policies, so its price follows global liquidity, as seen here on this chart.It was fascinating to read the recent report by Lyn Alden and Sam Callahan analyzing Bitcoin’s correlation to global liquidity. This further reconfirmed my view that more monetary expansion drives more people to Bitcoin, increasing prices. Their rigorous analysis found that over 12-month periods, Bitcoin’s price moves in the same direction as global liquidity a remarkable 83% of the time. This is higher than any other major asset class, making Bitcoin a uniquely pure barometer for global liquidity trends. The report quantified Bitcoin’s correlation with global M2 money supply, finding a very strong 0.94 overall correlation between May 2013 and July 2024. Bitcoin’s average 12-month rolling correlation was 0.51, while stocks and gold showed moderately high correlations as well in the 0.4 to 0.7 range.Of course, Bitcoin’s correlation isn’t perfect. Shorter-term breakdowns can occur around crypto-specific events like exchange hacks or Ponzi schemes collapsing.Supply-demand imbalances also cause temporary decoupling when Bitcoin reaches extreme overvaluation levels during market cycle peaks. Yet despite these breakdowns, the long-term relationship persists. Right now, liquidity is soaring to unprecedented levels, suggesting Bitcoin could soon embark on a massive bull run if this relationship holds. While I believe no model perfectly captures Bitcoin’s complexity, recognizing its role as a monetary canary in the coal mine can lend valuable insight. If history rhymes, Bitcoin’s sirens are ringing loudly that a liquidity-driven boom will soon be underway. Read More

Spot Bitcoin ETFs are on a bitcoin accumulation rampage.Read More

10 years ago, Sergej Kotliar set out to help people more easily spend their bitcoin on everyday items, a task that still comes with a number of challenges and that has taught him many lessons.Read More

It’s 2024 and there’s a new mystery surfacing around Bitcoin’s creator Satoshi Nakamoto – this time relating to his mining activity in 2009.Read More

Ocean’s DATUM is since this weekend putting transaction selection back into the hands of hashers, benefiting Bitcoin’s censorship resistance.Read More

A look at the lived experience of going through hyperinflation in Lebanon.Read More

Kamala Harris has done nothing to confirm she will support or protect the industry so far, while her political opponent is going above and beyond for it.Read More

Outperforming Bitcoin: A Simple ETF Data Strategy for Higher Returns 🚀Read More