Data Shows Switch From ‘Hodlers’ to Speculators in Bitcoin in Last 6 Months

Data from Chainalysis shows that the amount of Bitcoin owned by long-term investors is now almost equalled by short-term speculators, according to Financial Times report June 8. Chainalysis is a blockchain research company that analyzes “connections between entities on the Bitcoin blockchain.” Since December 2017, the amount of Bitcoin held by day traders has risen …

Marijuana Cryptocurrency May Sponsor Dennis Rodman’s Trip to US-North Korea Summit

PotCoin is reportedly in discussions with representatives of Dennis Rodman to sponsor his trip to the US–North Korea summit in Singapore next week, the Washington Post reported June 7. PotCoin is a cryptocurrency created to facilitate transactions within the legalized cannabis industry. Rodman’s agent Chris Volo confirmed the former basketball star’s interest in traveling to …

Quebec Halts Crypto Mining Electricity Requests Amid Huge Demand, Forms New Framework

Major Canadian electricity provider Hydro-Québec will temporarily stop processing requests from cryptocurrency miners in order for the company to fulfil its obligations to supply energy to the entire province, according to a press release published June 7. Hydro-Québec is experiencing “unprecedented” demand from blockchain companies, which reportedly exceeds the electric utility’s short and medium-term capacity. …

Central Banks Closely Monitoring Crypto and Blockchain

The world of cryptocurrencies and banking crossed paths once again at the Money20/20 conference in Europe on June 4-6. Fintech companies and financial service providers came together at the conference to talk money and technology − in particular, how the two can come together in a more efficient way. Since cryptocurrencies have entered the mainstream, …

Stock Analytics Firm Lowers BTC Year-End Price Prediction by Nearly 17%

Stock analytics firm Trefis has recently lowered their Bitcoin (BTC) year-end price forecast from $15,000 to $12,500, according to a blog post June 5. Lowering Our Year-End Bitcoin Price Target To $12,500 Due To Weaker Transaction Volume Outlookhttps://t.co/Plya7iHWKo — TREFIS (@Trefis) June 6, 2018 Trefis’ BTC forecast analytics is based on fundamentals of supply and …

Bitcoin Buying on the Rise Again in Venezuela

Venezuelans’ interest in buying Bitcoin has increased significantly over the last three months, Criptonoticias news outlet reports Wednesday, June 6, citing data from the LocalBitcoins exchange. Venezuela experienced its first cryptocurrency boom in early 2017, when a record volume of 805 bitcoins exchanged in a week was set. Venezuelan bolivar to Bitcoin exchange volume. Source: …

World’s Largest Crypto Exchange Binance Invests in Blockchain-Based Esports Platform

The world’s largest crypto exchange Binance has made an undisclosed investment into blockchain-based esports voting platform chiliZ, according to a press release published today, June 5. According to the announcement, the Malta-based platform in which Binance is investing is part of Mediarex Group, a global sports and entertainment company. Binance and chiliZ will reportedly “join …