eports are still rolling on from the carnage of "Black Thursday" when markets around the world recorded record drops. For Bitcoin bulls, though, new data indicates that crashing markets were just another opport...unity to buy the dip.

Key Takeaways
........................
- Bitcoin’s long-term investors continue to hoard over 40% of circulating supply, despite last month’s price crash.
- Hash rate for the network is back on the rise after a sizeable reduction in mining difficulty.
- Strong fundamentals don’t mean much when markets act on fear, so investors should remain cautious.

Data suggests that long-term Bitcoin bulls are still holding BTC despite crashing markets, both traditional and otherwise.

Bitcoin Bulls Show Their True Colors
.........................

The economic principle of supply and demand determine Bitcoin’s price. Those who “HODL,” or hold BTC, take a portion of circulating supply off the market until they are willing to sell.

In the span of two days, Bitcoin crashed from just below $7,000 to $3,900. This was a result of multiple factors, the primary of which being failed oil talks between Russia and OPEC.

As a result, the S&P 500, to which Bitcoin is now highly correlated, fell by a whopping 9.5%. This is steep by stock market standards and triggered industry-wide circuit breakers to halt trading.

Now, as stocks look poised to launch a relief rally, Bitcoin is shaping up to do the same.

Data from CoinMetrics, published in this week’s Our Network newsletter, suggests that Bitcoin bulls were undeterred by Bitcoin’s price crash last month. On the contrary, HODLers have come out of this crash with a larger portion of the supply, indicating their ever-optimistic mindset.

...

https://cryptobriefing.com/bitcoin-bulls-continue-hodl-optimism-returns/Show more >

Guys who is with me on#love crypto #btc to moon #success

hodl in crypto aset digital bicauz in crybto is good in the word

eports are still rolling on from the carnage of "Black Thursday" when markets around the world recorded record drops. For Bitcoin bulls, though, new data indicates that crashing markets were just another opport...unity to buy the dip.

Key Takeaways
........................
- Bitcoin’s long-term investors continue to hoard over 40% of circulating supply, despite last month’s price crash.
- Hash rate for the network is back on the rise after a sizeable reduction in mining difficulty.
- Strong fundamentals don’t mean much when markets act on fear, so investors should remain cautious.

Data suggests that long-term Bitcoin bulls are still holding BTC despite crashing markets, both traditional and otherwise.

Bitcoin Bulls Show Their True Colors
.........................

The economic principle of supply and demand determine Bitcoin’s price. Those who “HODL,” or hold BTC, take a portion of circulating supply off the market until they are willing to sell.

In the span of two days, Bitcoin crashed from just below $7,000 to $3,900. This was a result of multiple factors, the primary of which being failed oil talks between Russia and OPEC.

As a result, the S&P 500, to which Bitcoin is now highly correlated, fell by a whopping 9.5%. This is steep by stock market standards and triggered industry-wide circuit breakers to halt trading.

Now, as stocks look poised to launch a relief rally, Bitcoin is shaping up to do the same.

Data from CoinMetrics, published in this week’s Our Network newsletter, suggests that Bitcoin bulls were undeterred by Bitcoin’s price crash last month. On the contrary, HODLers have come out of this crash with a larger portion of the supply, indicating their ever-optimistic mindset.

...

https://cryptobriefing.com/bitcoin-bulls-continue-hodl-optimism-returns/Show more >

Largest Thailand retail company is trialing its own crypto as payment means in its molls and restaurants

https://u.today/biggest-shopping-center-developer-in-thailand-trials-crypto-as-payment-in-malls

The upcoming stablecoin contender reached the milestone a little over a month after it was renamed.


The testnet for Diem, the Facebook-backed stablecoin project, reached over 50 million transactio...ns yesterday, data from blockchain explorer inDiem shows. The development comes a little over a month after Diem was rebranded from the erstwhile “Libra” project.

Diem is a stablecoin—a type of cryptocurrency pegged on a 1:1 basis with fiat currencies, the US dollar in this case—aiming to disrupt the traditional payments market with its low-fee, scalable, and fast settlement features. It is run by the Diem Association and a consortium of other members, such as crypto exchange Coinbase and ride-sharing giant Uber.

Currently running in the testing phase—or the “testnet” in crypto industry lingo—Diem reached over 50 million transactions in the late hours yesterday. Such testing allows developers to mitigate faults within the network, if any, before a public release.

Data shows the Diem testnet operates at an average throughput of over 3 transactions per second (tps). While sounding fast, this is much slower than transactions on both Bitcoin (4.6 tps) and Ethereum (15 tps), and much slower to the speeds on upcoming networks like Solana (65,000 tps). However, Diem may not be operating anywhere near capacity.

In terms of testnet users, over 221,000 individual addresses have interacted with Diem in some capacity. Of those, a single address holds over 100 million LBR (the tokens that run on Diem), while over 53 of those hold exactly 820 LBR.

In all, 57 of the top 100 wallets hold upwards of 29 LBR, while the others hold a single LBR each—likely for testing the network in various ways at various times of the day.

With testing in full flow, a public launch (albeit a so-termed “limited launch) for Diem is expected later in 2021, as per earlier reports. Meanwhile, the stablecoin has already found its takers, with music app Spotify said to already be beefing up its payments division in anticipation.

Show more >

Transaction fees on the Bitcoin blockchain have exceeded $20 on average. but that’s a good thing, experts argued.

Bitcoin (BTC) miners earn 0.97 BTC (currently worth around $48,000) in transaction fees... alone per block, according to metrics platform Clark Moody Bitcoin. This is an average taken over the last 2,000 blocks, meaning many of these blocks will have risen above the 1 Bitcoin mark.

When Bitcoin miners mine a block, they are rewarded with a fixed fee of 6.25 Bitcoin (although this halves every four years) and receive the transaction fees for all transactions included in that block.

But transaction fees have been on the rise recently (around $20), and are making up a greater percentage of the overall reward. Bitcoin miners are now making around $40 million per day in total. So, fees alone make up 13.47% of Bitcoin miners’ total revenue.

This suggests that, as Bitcoin mining rewards decline over time, fees might continue to increase and replace them—providing ongoing, economic incentive for miners to keep the network running and secure.

As average fees on the Bitcoin blockchain rise, does that mean that BTC may become too expensive to use for “normal” people at some point? Well, kind of, but that’s arguably a good thing, according to Quantum Economics analyst Pedro Febrero.

“In our opinion, this is an excellent sign. High fees mean adoption since fees usually grow once the competition to add a transaction into a block increases,” Febrero told Decrypt.

He noted that high fees may indeed scare away a few potential buyers, especially those with less cash. However, data shows that fees tend to spike as adoption increases—and that’s the normal way of things. But that doesn’t mean no one is working on a solution.

“To conclude, we argue that there are developments in place that aim at accommodating more transactions per block, such as SegWit and the Lightning Network,” Febrero summarized.Show more >

A member of Tesla’s board audit committee—that approved its $1.5 billion Bitcoin purchase—is a director at two crypto companies.

A member of the audit committee that permitted Tesla to invest $1.5 bill...ion of its capital into Bitcoin is also a big crypto investor, as revealed by The Telegraph.

Antonio Gracias, the Tesla board member who was on the committee, is also a director at BitGo, a digital asset security and custody company, and at crypto trading platform ErisX. It is unknown whether he excused himself from the vote.

Gracias, who is leaving Tesla later this year, has been on the company’s board since 2007. He is also a board member at Elon Musk’s rocket company SpaceX.

The Chicago-based entrepreneur is also the founder of investment firm Valor Equity Partners. Earlier, Gracias invested in Harbor, a security token platform, which was acquired by BitGo last year.

While it is not clear whether Gracias took part in a vote to approve Tesla’s investment policy change, experts suggest there could be a potential conflict of interest because of the entrepreneur’s shared roles.

“If there’s any direct conflict or appearance of that, you better stay arm’s length away from it,” Bill Klepper, a professor of management at Columbia Business School, told The Telegraph. “We have to find out whether or not he is acting in good faith. It’s in the lack of transparency, that you find people begin to question your ethics.”

Tesla's latest SEC filing revealed that the company had adopted a new investment policy in January with a new focus on investing in digital assets and gold. According to the document, Tesla had bought $1.5 billion of Bitcoin.

When the news broke last week, it catapulted the price of Bitcoin to record levels.

However, some investors are not happy with the move. One of them is Gary Black, a private investor and former Goldman Sachs executive, who has exited his Tesla positions citing “risky capital allocation.”Show more >

Tesla CEO Elon Musk says that if the distribution of Dogecoin does not become more even, he may stop endorsing it.

Tesla CEO Elon Musk said today that he would support the top holders of Dogecoin selli...ng a big portion of their DOGE stash to ease out the altcoin’s distribution, as per a tweet this morning.

Whether that is a joke or not, Dogecoin’s wealth concentration issue is real. Reports suggest a single entity holds over 27% of the altcoin’s entire market cap, valued at over $7 billion at press time. That puts the entity’s holdings at over $1.8 billion, or about the GDP of a mid-sized island nation as of today.

In addition, the top twenty DOGE addresses hold more than 50% of the altcoin’s current circulating supply (over $3.5 billion). While these could likely be crypto exchanges holding Dogecoin as a reserve in their cold wallets, they have not been acknowledged by any exchange so far.

Musk insists that this must change for the better. “If major Dogecoin holders sell most of their coins, it will get my full support. Too much concentration is the only real issue IMO,” he tweeted this morning.

Musk’s advocacy of the token may also not continue forever, his reply to a relevant tweet today suggested. A Twitter account said that if “whales” (a term for the large holders of Dogecoin) did not sell their tokens and continued to hold on, Dogecoin could lose Musk’s endorsement—a tweet to which the eccentric billionaire replied, “Yup.”

Dogecoin’s concentrated holdings mean a problem for the long-term fundamentals of DOGE (as with any other altcoin). The lack of supply means prices can be artificially and disproportionately driven up for the benefit of the few large wallets. And when such wallets finally choose to sell, the price of DOGE would, inevitably, crash.

Founded in 2013 as a joke cryptocurrency, Dogecoin’s meme value, the usage of a Shiba Inu dog as a mascot, and a cutesy narrative has pumped its market cap to billions of dollars over the years.

In recent weeks, celebrities, rappers, adult entertainment stars, and notably Musk himself (as the self-styled “CEO of Dogecoin”) have tweeted about the joke currency to their millions of followers —with such coverage pushing DOGE from under $0.004 to over $0.07 in the past two months alone.

But can whales selling their holdings save the so-called “people’s crypto”? Musk seems to think so.Show more >

A tech reporter once lived on bitcoins for a week straight to test how valuable they were in the real world.

She bought a bunch of bitcoins in 2013 for $136 each on Coinbase, hoping to use them for dai...ly expenses.

On the last night of her experiment, she spent 10 bitcoins on a sushi dinner for dozens of strangers. Today those would be worth about $230,000.

The restaurant's owner has now retired from the food business, thanks in part to his cryptocurrency earnings of 41 bitcoins, or $902,000 today.

https://markets.businessinsider.com/currencies/news/tech-reporter-paid-10-bitcoin-for-sushi-dinner-coins-2013-2020-12-1029902852Show more >

Before starting full-swing publicity and marketing activities on RIZON platform and ATOLO coin in the first half of the year, Hdac Technology is holding a contest to collect suggestions and ideas to improve com...munication with the community members.
Through a random draw, 10 people will be selected among the contest participants and rewarded with 5,000 HDAC.
1 person will be selected for suggesting the best or the most creative idea regarding communication, publicity, or marketing for Hdac Technology and rewarded with 10,000 HDAC.
We hope many community members will participate in the contest and share ideas.
Hdac Technology will continue to try our best to build trust in various ways.
To participate 👉 https://forms.gle/yA6nRPR8gnjvfmtv7
상반기 중으로 시작될 RIZON(라이즌) 플랫폼과 ATOLO(아톨로) 코인의 본격적인 홍보에 앞서, 커뮤니티 여러분과의 소통 개선을 위해 의견 수렴 및 아이디어 공모를 시행하고자 합니다.
설문에 참여해주신 분들께는 추첨을 통해 10분께 5,000HDAC 씩 지급해 드릴 예정이며, 에이치닥테크놀로지의 소통, 홍보, 마케팅과 관련해 가장 우수한 의견이나 아이디어를 제안해 주신 1분께는 10,000HDAC을 지급해 드릴 예정이니, 커뮤니티 여러분의 많은 관심과 적극적인 참여 부탁 드립니다.
앞으로도 다양한 방식을 통해 신뢰를 쌓아 나가는 에이치닥테크놀로지가 되도록 하겠습니다.
To participate 👉 https://forms.gle/NVgVaD7FonwnGV9E9 Show more >

🔵 La Emisión del token 2GT es una realidad y marca la hoja de ruta de 2gether para 2021.
➡️ Lee el artículo completo aquí: 👇

https://es.cointelegraph.com/news/2gether-sets-roadmap-for-2021-with-2...gt-tokenShow more >

https://www.stemvoorinnovatie.nl/?elected%40vote=452806

Did you know the New Year's Eve is celebrated 38 times around the World, depending on the time zone each country belongs to?