In the third quarter of 2020, U.S. payments firm Square sold substantially more bitcoin than was mined.
According to Square’s Q3 2020 shareholder letter filed with the U.S. Securities and Exchange Commission (SEC), the firm recorded $1.63 billion of Bitcoin revenue over the last three months.
Bitcoin has undergone a monumental surge over the past month. A price gain of 50% lies between its monthly lows of $10,500 to its highs of around $15,800. Bitcoin currently trades just below $15,000 after a retracement yesterday.
Analysts remain confident about the medium-term trajectory of the
On Monday, Wall Street investor Stan Druckenmiller announced that he is long on Bitcoin.
Druckenmiller is the president of Duquesne Capital, which closed in 2010 with $12 billion under management. He also was one of the few investors to have made a large amount on his investments in 2008. His
On Monday, Wall Street investor Stan Druckenmiller announced that he is long on Bitcoin.
Druckenmiller is the president of Duquesne Capital, which closed in 2010 with $12 billion under management. He also was one of the few investors to have made a large amount on his investments in 2008. His
In the third quarter of 2020, U.S. payments firm Square sold substantially more bitcoin than was mined.
According to Square’s Q3 2020 shareholder letter filed with the U.S. Securities and Exchange Commission (SEC), the firm recorded $1.63 billion of Bitcoin revenue over the last three months.
Bitcoin has undergone a monumental surge over the past month. A price gain of 50% lies between its monthly lows of $10,500 to its highs of around $15,800. Bitcoin currently trades just below $15,000 after a retracement yesterday.
Analysts remain confident about the medium-term trajectory of the
Last month, the Bitcoin Improvement Proposals (BIPs) pertaining to the integration of Taproot and Schnorr signatures were merged into the Bitcoin Core Github. As the BTC Times reported, 150 Bitcoin Core developers approved the merge after seven weeks of review following a merge request first created by Pieter Wuille.
Schnorr
Many of us dabble with Bitcoin but seldom actually get our hands dirty in the nitty-gritty - yet that's often where the benefits lie. Hosting your own Bitcoin node, for example, not only steadies and decentralizes the network, but it can confer greater user privacy and security.
For
Starting early October, the number of unique addresses on the Bitcoin blockchain has seen a significant surge.
Number of uniquely identifiable Bitcoin wallet users. Source: Willy Woo, Glassnode
Square's Bitcoin Purchase Sped Up Adoption
Analyst Willy Woo describes unique Bitcoin addresses with a balance above zero as “Bitcoin
PayPal made waves in October when the global financial technology giant made public that it would begin supporting Bitcoin alongside a number of other cryptocurrencies. Now it appears that the firm's involvement in the space may be more nuanced than first announced, statements from executives indicate.
When PayPal
In the four years since the previous U.S. presidential election, Bitcoin has appreciated by nearly 2,000%.
On November 8th, 2016, the day of the election that made Donald Trump president, Bitcoin traded at approximately $700, while today, one coin goes for $14,300 - a gain of more
