Bitcoin is trading at the lower boundary of the stock-to-flow model by PlanB Bitcoin has traded at this lower boundary before as was the case in March 2020 According to PlanB, his model could be invalidated if Bitcoin remains in the $30k range for a couple more months Time will tell whether the current Bitcoin environment leads to an invalidation of the model The S2F has been … [Read more...] about Bitcoin’s S2F Model Could be Invalidated if BTC Stays in the $30k Area
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Early Ethereum designer to host DeFi Whiteboarding Weekend in the Bay Area
The Bay Area will be host to a new event, Defi Discussions Whiteboarding Weekend, focused on whiteboarding with “some of the brightest folks in the Bay Area DeFi scene”. The event is being organized by Ric Burton, an early Ethereum designer, and will run the weekend of June 5th.The event, estimated to have a hundred attend in person, will also have an online option but there is … [Read more...] about Early Ethereum designer to host DeFi Whiteboarding Weekend in the Bay Area
China’s biggest bank says Bitcoin is driving its efforts in this key area
An official of the People’s Bank of China (PBoC), the country’s central bank and chief financial regulator, said yesterday that the burgeoning Bitcoin space was one of the reasons behind the resurgence of the country’s own digital currency plans.“This (the interest in CBDCs) may also be related to the large increase in the price of Bitcoin,” said PBoC research head Wang Xin, … [Read more...] about China’s biggest bank says Bitcoin is driving its efforts in this key area