teatree (62)in #crypto • 2 days agoTrading volume drops on South Korean crypto exchangesTrading volume on Upbit is down sharply as the new Virtual Asset Law came into effect on 19th July 2024. Here is the chart: source Just prior to when the new…teatree (62)in #crypto • 6 days agoTrump is now attacking BukelePresident Bukele of El Salvador is a bit of a hero to the Bitcoin community for making bitcoin legal tender, passing bitcoin friendly laws and putting some of El Salvador's…teatree (62)in #crypto • last monthThe total number of crypto tokens is growing... but can the market absorb them? Ever since Bitcoin recovered it's price at the start of the year, a shedload of new shitcoins have launched, hoping to replicate the altcoin…teatree (62)in #crypto • last monthThis is why Hive crashedSouth Korea introduced new strict regulations for their exchanges: South Korea’s government plans to release a set of rules for how companies that trade virtual assets…teatree (62)in #crypto • last monthBitcoiners should keep an eye on FranceBack in 2013, the event that pushed Bitcoin into the mainstream was the Cyprus debt crisis. A "bail-in" was imposed where people's savings were seized to recapitalise the banks.…teatree (62)in #crypto • 2 months agoBitcoin continues to move sidewaysHere's the chart: source Lots of crypto people are impatient and puzzled about why bitcoin won't move past the highs it made in 2021. After all we've had the halvening.…teatree (62)in #crypto • 2 months agoHow long will Bitcoin remain range-bound?Waiting for bitcoin to move is like watching paint dry. The halvening was some months ago, but the market appears stuck. Here's the chart: source The latest excuse for…teatree (62)in #crypto • 2 months agoEthereum prices are on the moveLots of chatter about Ethereum ETFs getting approval from regulators. As always prices rise on the rumours. Here's the chart: source The most interesting thing about this…teatree (62)in #crypto • 2 months agoIt's Pizza Day!Here is a screenshot of the start of the conversation on bitcointalk that led to the first commercial transaction involving bitcoin: source Someone in Britain took him up…teatree (62)in #crypto • 3 months agoCrypto mania hasn't yet happened in the current cycleHere is a graph comparing the bitcoin price to the number of views the Youtube crypto channels get: source At the height of the crypto mania in 2021, the Youtube crypto…teatree (62)in #crypto • 3 months agoSteem's price is catching up with Hive'sHere is the graph of the price action over the last week: source As you can see, Steem has gone from $0.26 to $0.30 now, a 15% rise (though it did reach $0.33). Hive…teatree (62)in #crypto • 3 months agoWhat caused the most recent Bitcoin sell-off?There are some arguments to be made that the launch of the Hong Kong Bitcoin ETF is to blame. Here are some charts: source Everything these days is governed by algorthmic…teatree (62)in #crypto • 3 months 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 • 4 months 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 • 4 months 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 • 4 months 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 • 5 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 • 5 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 • 5 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 • 5 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…