1172 days ago
This launch is likely the start of some cost compression in the space before we see a Bitcoin #etf approved by the SEC. This might be the lowest cost Bitcoin fund anywhere in the world with the Swiss listed BTCW (from WisdomTree ETFs) being next at 0.95% (source: Bloomberg, E.Buchanas)
1173 days ago
A Welsh man on Friday repeated his previous request to the local council for permission to search a landfill site for a lost hard drive, which he claims contains bitcoin now worth around £210 million ($287 million). The 35-year-old said that he’s willing to donate 25 percent of the value of the lost treasure to local residents. James Howells, an IT professional from the Welsh city of Newport, told local news outlets that he had been mining bitcoin since February 2009, when it was much cheaper to do. But in 2013, he said, he accidentally threw out a hard drive that contains 7,500 bitcoins. Howells contacted Newport City Council several times for permission to excavate the landfill site, but his requests were rejected. Source: www.zerohedge.com
1173 days ago
The number of Addresses holding 1k+ coins of Bitcoin (BTC) just reached an all-time-high of 2,425 - source: Glassnode
1175 days ago
Nvidia's GPUs are sold to both gamers and miners of bitcoin. The surge in recent bitcoin prices could explain part of NVDA rising growth in revenues as more people seek to mine themselves. Source: WSJ
1175 days ago
In percentage terms, Bitcoin simply dwarfs other bubbles from the last 45 years with its absolutely towering height. The question remains the same: will it pop, and if so, when? To nuance this, we must also remember that there are $255 trillion assets worldwide, while the entire crypto market represents only $1 trillion. Also, let us not that the Bitcoin does not poses any real threats to the traditional financial system, at least supposedly.
