At beginning of 2019, the Binance Coin (BNB) was trading at $6.07. It is currently trading at $23.80. When Binance has issued an initial 200 million coins based on the Ethereum network but has been “burning” (destroying) coins according to the trading volume of the Binance exchange. So far there has been seven “burns” of the Binance coin. Binance, one… Read More »
The scorecard on crypto looks good for the first quarter of 2019Bitcoin: Up this year 8%, up 20% from its low in mid-December.Ethereum: Up this year 8%, up 42% from mid-December.Litecoin: Up this year 93%, up 148% from mid-December.A quick look at the numbers would seem to indicate the bear market is over.However, the chart for 2019 so far is definitely… Read More »
All Bitcoin wallet and transaction info is on the public blockchain. That allows the little guy to figure out what the richest people in Bitcoin are doing with their wealth. And the answer is: They are holding on to it and have been for years. Let’s look at the data: https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html The top five richest bitcoin wallets belong to… Read More »
I know exactly how much the little guy made off Bitmex (the largest Bitcoin futures exchange in the world) every day. For example, last Saturday they made $525,000. How do I know this? Trading volume on the Bitmex exchange was $2.1 billion USD last Saturday, February 23rd. On every trade (with a few exceptions not worth mentioning here),… Read More »
Things are looking up for public bitcoin miners as Bitcoin nears $4000 USD. It is now profitably to mine bitcoin again: Virtually all the (surviving) mining companies have all-in costs of seven cents or lower per kilowatt. Some have all-costs as low as five cents. With cryptocurrency still near the bottom of the worst bear market since 2014,… Read More »
In case you missed the news, last week QuadrigaCX went out of business. To summarize the story so far: QuadrigaCX was Canada’s oldest cryptocurrency exchange and one of the biggest. The founder and CEO of QuadrigaCX, Gerald W. Cotten, supposedly died in India on December 9th, 2018. Cotten had exclusive control of the private keys for 26,488 Bitcoin… Read More »
