83% of Bitcoin Addresses Currently Profitable, Says Glassnode
At least 83% of existing Bitcoin addresses are currently in a state of profit, according to Glassnode. That’s a 43% increase since bitcoin’s precipitous crash on March 12, now known as the ‘Black Thursday.’ At the time, only 45% of all the BTC addresses were profitable – a low for 2020. Per the new data, the highest proportion of addresses in profit this year reached 89% on June 1, when the price of...
Ethereum Network Fees Jump Above Bitcoin Transaction Fees for Two Weeks Straight
This week digital currency enthusiasts have been discussing network fees, specifically transaction fees associated with the Bitcoin and Ethereum blockchains. Last Sunday on June 21, one Ethereum proponent noted that during the last 16 days, Ethereum users have paid more to leverage the network than Bitcoin users. Digital currencies like bitcoin, ethereum, bitcoin cash, and litecoin all have a network or miner fee associated with...
Jim Rogers Discusses Bitcoin as Money and Why Governments Will Stop Crypto
Jim Rogers, who cofounded the Quantum Fund with billionaire investor George Soros, has shared his view on bitcoin, its use as money, and governments’ response to the growing use of cryptocurrency. He predicts that central banks will not let uncontrolled money be used. Jim Rogers Talks Bitcoin Famous investor Jim Rogers shared his prediction about the future bitcoin and cryptocurrency in an interview with Asahi Shimbun Singapore...
Average Price of Bitcoin More Than Quadrupled Between Reward Halvings
Investing in bitcoin has been somewhat of a phenomenon, as millions of individuals have invested funds into the crypto-economy since at least 2010. One specific and lucrative method of investment is dollar-cost averaging. If an individual was to invest $10 a week into purchasing bitcoins since July 2010, the $5,130 USD (overall cost of investment) would have purchased 3,040 BTC, giving the individual over $29 million worth of gains in...
7-Eleven, CVS, Rite Aid: Libertyx Adds 20,000 Stores to Buy Bitcoin With Cash
Libertyx has expanded its network to include 20,000 7-Eleven, CVS, and Rite Aid Pharmacy stores where customers can buy bitcoin with cash. They can also buy bitcoin using debit cards at one of Libertyx’s vast network of ATMs, bringing the total of locations to 25,000 across 45 U.S. states. Buy Bitcoin at 7-Eleven, CVS, Rite Aid via Libertyx Libertyx has announced a significant expansion of its network of U.S. locations where...
