“The Big Short” investor Michael Burry predicts the “mother of all crashes” for the crypto space on Twitter. Above all, leverage is a problem.
Will there be another big crash? Many people in the crypto space are likely to be asking themselves this question these days. If star investor Michael Burry has its way, the answer should be a resounding “yes”. Because, according to the American, “the mother of all crashes” is still ahead of us. The 50-year-old gave his opinion on cryptocurrencies and certain “meme stocks” on Twitter. Among other things, Burry said:
All the hype or speculation does…
The Bitcoin hash rate has hit a new eight-month low. The BTC mining ban in China is having an effect and supports the bearish stimming in the market. Overall, the Bitcoin hash rate has plummeted by more than 40% in the last 5 weeks. China is trying to strengthen its own digital currency with a BTC mining and trading ban.
The Ethereum upgrade to the London Hard Fork will include EIP-1559, which will reduce the amount of ETH miners receive. Is that a curse or a blessing for the Ethereum miners?
The London Hard Fork, a planned upgrade for Ethereum, will first be checked and installed on test networks.
Ethereum Foundation’s Tim Beiko announced today that the London Hard Fork will go live on Testnet Ropsten around June 24th, followed by Goerli on June 30th and Rinkeby on July 7th.
As soon as the upgrade has been successfully activated on these networks, a block is set for the Ethereum mainnet…
Great bitcoin news again for crypto fans! Bitcoin still seems to be proving its worth in Latin America. After Paraguay announced a big Bitcoin project last week, a member of parliament is now making it even more official.
As early as July, the country would like to publish new legislation relating to cryptocurrencies. What exactly is changing in the Latin American country with regard to cryptocurrencies is not yet known. The MP Carlos Antonio Rejala Helman already stated in advance that the Bitcoin project should be developed in cooperation with PayPal. However, there was no information about this from PayPal.
Over the year, the Lightning Network (LN) has seen massive growth and continued adoption by the Bitcoin community. Yesterday, the Lightning Network saw capacity spike to over 1500 BTC.
This increase shows that users have confidence in the ability to securely conduct out-of-chain transactions through the LN. This year alone, the Lightning Network has seen a massive 42% growth in the number of BTC available. In addition, there are now over 12,000 nodes that take care of 45,000 payment channels.
Since its inception, Bitcoin has had problems with blockchain congestion and the associated higher fees with an influx of transactions…
One in six CFOs surveyed said that cryptocurrencies are likely to make up at least 10% of their investment portfolio.
In the wake of the market boom this year, crypto has attracted many new investors, both private and institutional, and it looks like that trend will continue in hedge funds, a new report from the Intertrust Group shows.
The report, entitled “ The future hedge fund CFO: Preparing for disruptive tech and emerging asset forms,” provides the results of a survey commissioned earlier this year. The 100 respondents all had some form of CFO-related responsibility and an average of $…
Polkadot breaks out and is now the eighth-largest cryptocurrency by market capitalization — but what is the reason for the sudden price increase?
But why does the DOT price suddenly break out? The main reason…
MicroStrategy announced that it will sell $ 1 billion in shares to use the proceeds for general corporate purposes, including the further purchase of Bitcoin.
The company announced that it would use $ 488 million from the proceeds of a private offering to buy Bitcoin. It said it could sell up to $ 1 billion of its shares for the same reason.
On Monday, the company filed an S-3 filing for the US Securities and Exchange Commission (SEC). In it, MicroStrategy wrote that it would launch a securities offering that would allow it to sell up to 1 billion of…
Taproot is a done deal because more than 90% of the blocks signaled the green light during the last voting run. Taproot is now locked in, which does not yet mean activation, but initially only expresses the consent of the miners to the soft fork.
Taproot is activated at block 709,632. This is expected to be the case on November 14, 2021. By then, all full nodes must have updated their software. Taproot includes a number of new features, in particular, multi-signature transactions should be improved. It is the largest and most momentous update for Bitcoin this year.
The long-awaited Bitcoin Taproot upgrade has now finally been confirmed by the nodes. For this confirmation, at least 90% of the mining nodes for the Taproot upgrade had to be correct. So this year the first consensus change of Bitcoin since the introduction of Segwit in 2017 is imminent.
Simply put, Taproot is a soft fork for Bitcoin to improve the code to increase privacy and reduce the complexity of transactions.
Strictly speaking, the Taproot upgrade consists of three Bitcoin Improvement Proposals (BIPs), each of which will have three different effects. These include the Schnorr signatures, Taproot itself and Tapscript…