Tuesday, 10 December 2019

Will Bitcoin break new records in 2020?


Marco, the most accurate chart I've found is a composite by PlanB, who is active on Twitter. His stock to flow model perfectly covers the historical BTC price changes from 2011, based on logarithmic growth.

Friday, 6 December 2019

Almost ₦3.24 Trillion ($9 Billion) Worth of Bitcoin Moved On-Chain in 1 Hour: Record

On Dec. 4, $8.9 billion in Bitcoin (BTC) were shifted the blockchain in one single hour, excluding change volume, that will be Bitcoin that returns to the sender.

Bitcoin's high transaction volume was stated by Rafael Schultze-Kraft, the co-founder of on-chain market intelligence firm Glassnode. In a tweet on Dec. 4, he claimed that this kind of high hourly transaction value was an initial for the network:


“It's the highest hourly USD transaction volume in Bitcoin's history.”


Sunday, 1 December 2019

Binance has no offices in China; Your Funds are Safe if I Go Missing, CEO Assures

Zhao reaffirmed that Binance has no offices in China. Since the September 2017 ban on cryptocurrency exchanges in China, after which Binance left the country in October 2017, Binance does not maintain a single office at all. Both Binance’s employees and himself only travelled to China for business meetings and conferences.

ST