Joseph Young

Ricardo Salinas Pliego, a Mexican billionaire with a net worth of $12 billion according to Forbes, confirmed he has invested 10% of his liquid portfolio in Bitcoin. On November 18th, Pliego recommended the book “The Bitcoin Standard” and told his 810,000 followers that he invested a portion of his portfolio in Bitcoin. “Today I recommend THE BITCOIN STANDARD, this book is the best and most important to understand Bitcoin. Bitcoin protects the citizens from government expropriation. Many people

In the third quarter of 2020, U.S. payments firm Square sold substantially more bitcoin than was mined. According to Square’s Q3 2020 shareholder letter filed with the U.S. Securities and Exchange Commission (SEC), the firm recorded $1.63 billion of Bitcoin revenue over the last three months. Square describes the firm’s Bitcoin revenue as the “total sale amount of bitcoin to customers.” Over the course of the past quarter, approximately 82,000 bitcoin were mined, amounting to a combined marke

Starting early October, the number of unique addresses on the Bitcoin blockchain has seen a significant surge.  Number of uniquely identifiable Bitcoin wallet users. Source: Willy Woo, Glassnode Square's Bitcoin Purchase Sped Up Adoption Analyst Willy Woo describes unique Bitcoin addresses with a balance above zero as “Bitcoin users.” The metric does not include addresses on centralized exchanges and only counts individual addresses that are not associated with trading platforms. According

As European Central Bank (ECB) president Christine Lagarde confirmed the institution is considering the launch of a digital euro, the ECB has launched a public survey for consumers to express their preferences with regards to a central bank-issued digital euro. The revelation comes after U.S. Federal Reserve chair Jerome Powell discussed the likelihood of a central bank digital currency (CBDC). In a tweet thread reflecting on the past year of ECB operations and the plans for the year ahead, Lag

Avanti has received a bank charter from the Wyoming State Banking Board with a unanimous 8-0 vote. The approval allows the Bitcoin- and crypto-focused bank the same authority as national banks in the U.S. The First Digital Asset-Focused Bank in the U.S. Caitlin Long, CEO of Avanti who previously served as the managing director for top banks Morgan Stanley and Credit Suisse, emphasized the bank’s focal point is to bridge traditional and digital asset financial systems. Long said Wyoming is cu

On Thursday, Bitcoin users discovered a webpage including information on a digital exchange soft-launched by DBS Bank, the largest commercial bank in Singapore, on its website. But shortly after the cryptocurrency industry cheered the announcement, it was abruptly taken down. The initial announcement, which has since been taken offline, said it would allow users of the bank to trade a number of top cryptocurrencies in market capitalization, including Bitcoin. Industry experts were particularly

If Bitcoin sits above $13,873 at the end of October, it will print its highest monthly candle close in history. On a monthly candle chart, each candle represents one month of trading activity. Hence, a monthly chart typically covers years of trading activity on a single log chart, depicting the macro and long-term performance of an asset. Bitcoin's monthly candle chart. Source: TradingView Bitcoin Neared $20,000 in 2017, Why Would This Be the Highest Monthly Candle Close? Across major crypt

Over the course of 24 hours, asset management firm Grayscale's net assets under management (AUM) recorded a rapid inflow of $300 million. On October 21st, Grayscale reported its net AUM hit $7 billion, with the Grayscale Bitcoin Trust (GBTC) representing 82.84% of it. A day later on October 22nd, the firm said that number had increased to $7.3 billion, after GBTC surpassed $6 billion in AUM. Grayscale Bitcoin Trust leads the firm's AUM $300 million rise. Source: Grayscale Data published by Gr