Ethan Lou is a journalist turned Bitcoin miner turned two-time author whose latest book, Once a Bitcoin Miner: Scandal and Turmoil in the Cryptocurrency Wild West, is a modern western recount a gloomy millennial’s rebirth in the wild west of crypto — complete with scammers, party drugs and a North Korean crypto conference.“Want to go to a crypto conference in North Korea in … [Read more...] about Acid, Bitcoin mining and a bad trip to North Korea
Bad
Crypto media closes, bad news just repeats, mining laws are beneficial?
This weekly roundup of news from Mainland China, Taiwan, and Hong Kong attempts to curate the industry’s most important news, including influential projects, changes in the regulatory landscape, and enterprise blockchain integrations. It has now been two months since the crypto crackdown and subsequent enforcement began. Most new stories are now just the trickling down of … [Read more...] about Crypto media closes, bad news just repeats, mining laws are beneficial?
Bad call? Bitfinex bears closed a block of Bitcoin shorts before the drop below $32K
Bitcoin price is still in a rut, trading near $33,000 and trapped in a downtrend that just seems to get worse with the passing of each day. As the price slumps, analysts have consulted with several technical and on-chain metrics to explain the price collapse, but none of these have picked up on the exact reason. One area of interest has been the sharp rise in short positions at … [Read more...] about Bad call? Bitfinex bears closed a block of Bitcoin shorts before the drop below $32K
Bad omen? US dollar and Bitcoin are both slumping in a rare trend
The price of Bitcoin (BTC) was struggling to stay above $56,000 on April 20, which whale clusters pinpointed as a crucial short-term price level.Yet, the U.S. dollar index (DXY) has continued to fall in recent weeks, dropping to its lowest point in seven weeks to 90.85.Bitcoin (blue) vs. DXY (orange) Source: TradingViewWhy is this a concerning trend?Alternative stores of value … [Read more...] about Bad omen? US dollar and Bitcoin are both slumping in a rare trend