Bitcoin 90-Day Active Supply Soars to Pre-2017 Bull Run Level: Report

A new report analyzing on-chain activity says that Bitcoin (BTC) is now due for a bullish phase based on supply movements. Published by asset manager Stack Funds on July 2, the findings suggest that 90-day active supply is dictating bullish potential for BTC/USD. BTC price to rise “sooner rather than later” Publishing an accompanying chart for the metric, Stack argued that it has important implications for historical price behavior. “The data provides an indication of two folds. Firstly, the 90d % of Bitcoin active supply has tapered over the past…

Binance Security Report Sheds Light On Crypto Scams

A report released by major crypto exchange Binance illustrates how scams targeting cryptocurrency investors attempt to gain credibility. In the report published on June 30, the exchange explained that its Binance Sentry risk investigation service observed reports of fraudulent investment schemes promising quick or exponential returns on cryptocurrency investments. The frauds do not just concern crypto but also forex, binary options and contracts for difference (CFDs). Binance published the report after a Bitcoin (BTC) scam targeted the residents of Winnipeg, Canada, in late June. Scams are often well-organized, big operations…

Crypto Research Report Predicts $397K Bitcoin Price by 2030

A new report from a crypto research group suggests that the price of Bitcoin could approach $400,000 in the next ten years, with altcoins following its bullish example. According to the June 2020 edition of the Crypto Research Report, researchers predicted the price of Bitcoin (BTC) and other altcoins — Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), and Stellar (XLM) — would get a huge surge before 2025, which may continue for at least five years.   “We believe that Bitcoin is still at the very start of its adoption curve,”…

New Report Aims to Answer Whether Tron Is a ‘Scam’

The latest report from Flipside Crypto takes a deep look into Tron (TRX) with the hope of answering a question many critics in the cryptocurrency space have posed: “Is Tron a scam?”. Dubious past The report starts by rehashing the Tron’s compromised origins story — from the allegedly plagiarized white paper to the promise of the $20 million giveaway that was never fulfilled. However, the report comes an unexpected conclusion: “Turns out, looking at the active supply of TRX in the past 30 days reveals a very healthy and active…

BitMEX Report Points to More Consolidation in Bitcoin ASIC Mining

The Bitcoin (BTC) mining ASIC manufacturing industry is expected to further consolidate due to tightened competition, geopolitical pressures and slower returns on investment after Bitcoin’s recent halving.  In a new report from crypto derivatives exchange BitMEX, published June 15, researchers wrote they “think it is likely that only 2 to 3 players will survive into the longer term.” The report analyzes the history and present state of the ASIC manufacturing industry, with a focus on the major players currently involved —- Bitmain, MicroBT, Canaan and Ebang.  ASIC refers to mining…

Bitcoin Post-Halving Report (Q2 2020) by Cointelegraph Markets Research

Cointelegraph Markets’ post-halving Bitcoin (BTC) analysis report takes a deep look at the 2020 halving, its effect on the crypto market and miners, and how it compared to the previous halving events. The three main sections of this report are: What’s next for Bitcoin miners? BTC correlation with stocks, gold & rising institutional interest Tether market cap growth boosts Bitcoin The Bitcoin halving Scheduled to take place roughly every four years, the Bitcoin halving is a built-in event that cuts Bitcoin’s block reward by half. The halving that occurred on…

New Report Sees Blockchain as Possible Cure for Labor Market Woes

A new report from the American Council on Education argues that blockchain technology can help to restore individuals’ control over their credentials and better equip them in an increasingly insecure global labor market. Funded by the United States Department of Education, the report was published June 8, drawing its conclusions based upon research conducted from November 2019 through February 2020.  Even prior to the COVID-19 pandemic, its authors note that as of December 2019, data from the Federal Reserve indicated that four in 10 recent college graduates were underemployed and…

U.S. Stocks Dull Bitcoin Appeal on Optimistic Jobs Report

Spot bitcoin fell was down 1.32 percent at $9,659 per token ahead of the New York opening bell Friday. Bitcoin futures slid 1.82 percent to $9,715. The move downhill appeared as the U.S. futures headed higher following jobs report at 0830 ET. Bitcoin prices eased ahead of hugely awaited U.S. jobs report on Friday as investors pinned their hopes on economic recovery. The spot bitcoin rate fell 1.32 percent to $9,659 per token, while CME futures linked to the Bitcoin market were down 1.89 percent at $9,715. In contrast, the…

‘Exponential’ Volume Growth Can See Bitcoin Match Major Assets — Report

“All facets” of Bitcoin (BTC) trading volume are growing exponentially and can easily match major asset classes, says a new report. Released on June 2, Coin Metrics’ State of the Network casts the spotlight on Bitcoin trading, producing some surprising figures as BTC/USD passes $10,000. BTC volume growth “exponential” across the board Measuring volume is difficult with the largest cryptocurrency, Coin Metrics says, given the many types of exchange and associated platforms in the space. “The fragmentation of trading volume in the Bitcoin ecosystem prevents a straightforward assessment of its…

Coinbase Report Suggests Bitcoin Acts as a Gateway to Altcoins

Bitcoin (BTC) acts like a gateway down the altcoin rabbit hole, according to new research from Coinbase. The research found that while 60% of users buy Bitcoin as their first cryptocurrency purchase, only 24% of investors maintain the Bitcoin faith. The majority of customers buy Bitcoin and then move into altcoins. Source: Coinbase Investors appear more willing to consider altcoins during bull runs, such as when Bitcoin’s market dominance dropped below 30% on Coinbase during the ICO craze and Ethereum run in 2017. For a brief time, Ethereum was the…