teatree (62)in #crypto • 11 days agoWhich cryptocurrencies are actually being used to pay for things?There are a number of crypto payment processors, like Coingate and Bitpay, that allow people to pay for goods and services using crypto in online retailers who have crypto…teatree (62)in #crypto • 17 days agoNow Silver is moving up! Surely Crypto's turn will come soon?On the heels of gold's surge above $2,300 an ounce, silver has started moving up. Here's the chart: source I suppose this is people thinking they've missed the gold surge…teatree (62)in #crypto • 18 days agoWhy is gold surging while bitcoin is moving sideways?I think the answer is the bond markets. US bond yields are rising which means bond prices are falling. In other words, investors are dumping bonds. But why? Because US…teatree (62)in #crypto • 25 days agoThe IMF tried to get El Salvador to revoke Bitcoin's legal tender statusI'm reading a fascinating long form account of El Salvadore's President Bukele. It mainly deals with his efforts to curb gang-related crime, but has this to say about his venture…teatree (62)in #crypto • 2 months agoLondon Stock Exchange to accept applications for Bitcoin-backed Exchange-Traded-NotesThe UK 2023 Financial Services Act instructed the Financial Conduct Authority (FCA) to come up with a framework that allowed investors to buy crypto in a safe way. The FCA has…teatree (62)in #crypto • 2 months agoThe European Central Bank has a go at BitcoinThis is what they wrote in response to the SEC in the United States giving approval to Bitcoin ETFs: On 10 January, the US Securities and Exchange Commission (SEC) approved…teatree (62)in #crypto • 2 months agoBitcoin pumped to $63,734!... before profit taking brought it down to around $61,000. Here is the one-day chart: source The move from $56,950 to $63,734 in a single day is a 12% move. HUGE in a…teatree (62)in #crypto • 2 months agoAll this crazy talk of $10 Hive - where would the money come from?Bitcoin has now passed $54,000, and is on it's way to reaching $69,000 (the previous all-time high) at the very least. Ethereum is above $3,100. So of course there has been a…teatree (62)in #crypto • 2 months agoGenesis gets permission to sell Grayscale Bitcoin Trust sharesGenesis Global (the crypto lender that was at the centre of a lot of "Earn" programs) is currently in the process of bankruptcy. Last week, the bankruptcy court gave Genesis…teatree (62)in #crypto • 2 months agoOTC desks are getting drained of bitcoinsLarge investors, including Wall Street types and the new Bitcoin ETFs, tend to buy their coins discreetly from Over The Counter (OTC) brokers, rather than through the exchanges.…teatree (62)in #crypto • 2 months agoHow are Bitcoin ETFs doing, one month in?It's a month since the SEC approved Bitcoin ETFs, and a net $2.8bn is now held in these ETFs. Here is the breakdown: source As you can see from the above graphic, most of…teatree (62)in #crypto • 2 months agoHive doesn't seem to be following the broad crypto market upIf you look at the top 100 cryptocurrencies, they all have upward sloping graphs - they're being pulled up by Bitcoin, which breached $50,000 yesterday, up from $22,200 this time…teatree (62)in #crypto • 2 months agoBitcoin wallets with more than 1000 bitcoins surgeThis is the ETF effect. 77 new wallets with balances of over 1000 Bitcoin have been added in the last 2 weeks alone. Here's the graph: source The SEC approved ETFs on…teatree (62)in #crypto • 3 months agoThe fall in the Bitcoin price is down to Grayscale liquidatingIn the last few hours, Grayscale have sent another 19,000 bitcoins (worth $760,000,000) to Coinbase. Here's the evidence of the transactions: source It looks like…teatree (62)in #crypto • 3 months agoIs Binance dying?Brits haven't been able to use Binance for the last five years (the normally crypto-friendly British govt banned Binance as they deemed it too risky). Americans got banned from…teatree (62)in #crypto • 3 months agoSo the SEC finally approves a bitcoin spot ETFBoth Bitcoin and Ethereum surge: source ...but they haven't yet made up for yesterday's surge and dump based on a premature rumour of SEC approval (which has now turned…teatree (62)in #crypto • 4 months agoGold priced in BitcoinThis is an incredible chart showing the value of gold priced in bitcoin. source In 2012, you needed 400 Bitcoins to buy an ounce of gold. Now you need just 0.05 Bitcoins…teatree (62)in #crypto • 4 months agoWill old coins pump in the next crypto bull run?My gut feeling is no. My chief proof is the way coins behaved in the 2021 bull run. Any coin that had existed prior to 2017, and had done well in the 2017 bull run, failed to…teatree (62)in #crypto • 4 months agoWhy Litecoin's price hasn't really gone anywhereHere is a chart comparing percentage moves in Litecoin and Bitcoin over the last year, assuming they had the same starting point: source Litecoin hasn't really tracked…teatree (62)in #crypto • 5 months agoThe Great DelistingSome exchanges have started delisting dozens of coins. Kucoin for example has just delisted 102 altcoins, including Binance's stablecoin BUSD. See Binance itself has been…