GBTC Premium is Near Zero; Historically that is Bullish for BTC
GBTC’s premium can act as an indicator for BTC. It is sort of a contrarian misery index. The lower the premium, the closer BTC generally is to a run.
Cryptocurrency news from around the world and beyond. We cover what happening with cryptocurrency today. We cover things like countries embracing or rejecting cryptos, price milestones for Bitcoin and Alts, new projects, upcoming forks, etc.
GBTC’s premium can act as an indicator for BTC. It is sort of a contrarian misery index. The lower the premium, the closer BTC generally is to a run.
Recent study claimed Bitcoin mining emissions could push global warming above 2°C in three decades (that rise being a tipping point for global warming).If that claim sounds a bit off to you, you are likely correct.
Liquid, a Bitcoin sidechain by Blockstream is live as of October 10th (after being in beta for years). Liquid allows big players to tokenize assets and send them quickly without putting a burden on the main chain.
Zcash’s Sapling upgrade made a few key changes that improve transaction speeds and privacy.
Monero’s Oct 18th Beryllium Bullet hard fork, or Bulletproof update, makes lots of changes to the system that fix bugs, speed things up, increase privacy, lower transaction fees, and more.
People are joking that Bitcoin is the new stable coin because it hasn’t moved much recently despite US equities entering a correction. Meanwhile many big name stable coins have been released at once. Is this stable coin season?
Initiative Q is offering free “money” (“Q” in this case) to get you and your friends to sign up for its managed crypto-like payments system. Their site says all “Q” should be worth $2 trillion dollars. BIG RED FLAGS here folks. Let’s go over what Q is, some warnings, and how to sign up safely if you are determined to do so.
The recent sell of in the stock market hasn’t had any significant impact on crypto prices. This is one bit of evidence that crypto may be an uncorrelated asset.
Coinbase users can now access the stable coin USDC. Also, Coinbase Custody just obtained an important license.
Bakkt launches Dec 12th, 2018 assuming the CFTC doesn’t block them. That means daily futures contracts start Dec 12th. We explain the Bakkt launch.
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