Bitcoin | ForkLog

ForkLog 16 01.12.2024

Bitcoin Whales Stir, Yet Sell Slowly—On-Chain Data

On December 1, an unknown user moved 11 BTC (approximately $1.07 million at the time of writing) after 11.6 years of inactivity. The transaction was highlighted by Whale Alert. ? A dormant address containing 11 #BTC (1,071,468 USD) has just been activated after 11.6 years!https://t.co/m9TDE5s8dO — Whale Alert (@whale_alert) December 1, 2024 On November 30, […]

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ForkLog 11 29.11.2024

Russia Dismisses Proposal for Bitcoin Reserves

Russia has no immediate plans to store budget reserves in the leading cryptocurrency. This was stated by Anatoly Aksakov, head of the State Duma Committee on Financial Markets, in an interview with Parliamentary Newspaper. He attributed this stance to the asset’s high volatility and technical characteristics. “Bitcoin is backed by private individuals, and it is […]

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ForkLog 13 28.11.2024

Vancouver Mayor Proposes Bitcoin Diversification for City Treasury

Ken Sim, the mayor of Vancouver, Canada, has unveiled a plan to incorporate Bitcoin into the city’s municipal balance sheet. The announcement was made during a council meeting on November 26, as reported.

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ForkLog 23 27.11.2024

Brazilian Lawmaker Proposes National Bitcoin Reserve

Brazilian congressman Eros Biondini has introduced a bill aiming to establish a national strategic bitcoin reserve, known as the Reserva Estratégica Soberana de Bitcoins (RESBit). The proposal suggests converting up to 5% of the country’s international reserves into the leading cryptocurrency. These reserves reached $372 billion as of September 2024. The authors believe such a […]

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ForkLog 18 26.11.2024

Suriname’s Presidential Hopeful Advocates for Bitcoin Transformation

Maya Parbhoe, a presidential candidate for the South American republic of Suriname in the 2025 elections, has announced plans to recognize Bitcoin as legal tender and transition the country’s financial infrastructure to blockchain. On May 25 — 2025, 6 months from now, the people of Suriname will have a clear choice to… > End systemic […]

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ForkLog 35 26.11.2024

How long can the bull run last? Analysts’ forecasts and classic business cycles

The 2024 surge in bitcoin and meme tokens has stirred expectations and upbeat forecasts. As the original cryptocurrency sets fresh all-time highs, investors are asking: how long will the crypto market rise this time? Oleg Cash Coin set out to answer. Analysts’ forecasts Many are familiar with the fortunes of early crypto holders who managed […]

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ForkLog 12 25.11.2024

MicroStrategy Expands Bitcoin Holdings, Analysts Predict Reserves Could Reach 4% of Total Supply

Bernstein experts predict that by the end of 2033, MicroStrategy will own 4% of the total bitcoin supply — 830,000 BTC at a price of $1 million. On November 25, the company additionally acquired 55,500 BTC at ~$97,862. By the end of 2033, MicroStrategy is expected to increase its bitcoin reserves from 1.7% to 4% […]

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ForkLog 6 22.11.2024

Bitcoin Surpasses $99,000 to Set New All-Time High

On the morning of November 22, Bitcoin reached a new all-time high, climbing to $99,300. 15-minute BTC/USDT chart on Binance. Data: TradingView. At the time of writing, the leading cryptocurrency is trading around $99,000. It needs to rise by approximately 1% to reach a six-figure value. Over the past 24 hours, it has increased by […]

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ForkLog 93 21.11.2024

MicroStrategy’s Stock Outpaces Bitcoin by Fivefold Since January

Since the beginning of the year, MicroStrategy’s shares have surged by 650.2%, while the digital gold has risen by 123.1%. These figures are provided by MSTR Tracker. Data: MSTR Tracker. The illustration also highlights MSTR’s advantage over the S&P 500 index (24.2%), Nvidia shares (194.6%), and other members of the “Magnificent Seven“. The company’s total […]

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ForkLog 43 21.11.2024

Liquidity Shift to Bitcoin Layer 2 Solutions Forecasted by 2030

By the end of the decade, over $47 billion in liquidity could transition to Layer 2 solutions on Bitcoin. This estimate was shared by analysts from Galaxy Digital in their Bitcoin L2s report. The study considers the market share of all wrapped bitcoins in DeFi, native BTC in L2 networks, and BTC locked in staking […]

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ForkLog 7 21.11.2024

Seen this film before: how crypto’s 2024 echoes 2016

Donald Trump is heading to the White House, bitcoin is taking up more space in investors’ portfolios, and altcoins still refuse to rally. We read such headlines both today and exactly eight years ago. Oleg CashCoin explains why 2024 looks uncannily like 2016, where it differs and what follows. Waiting for Trump In 2016 Donald […]

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ForkLog 16 21.11.2024

Film Director Challenges Peter Todd’s Denials of Bitcoin Creator Claim

Cullen Hoback, director of the film Money Electric: The Bitcoin Mystery, continues to assert that programmer Peter Todd is the creator of Bitcoin. He told DLNews. Since the film’s release, disagreements have persisted between the director and the developer. Todd believed he was participating in a documentary about Bitcoin’s history and was surprised by Hoback’s […]

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