• Bitcoin liquidates $500M longs hour
    Bitcoin

    Bitcoin’s hiccup liquidates $500M of longs in one hour

    Bitcoin 12% price plunge caused futures traders to lose nearly $500 million within an hour—and more than $2.8 billion over two days

    One explanation is that many new and inexperienced traders have joined the market. On-chain analytics firm Glassnode’s founders Jan Happel and Jann Allemann had another: “There is excess greed in the system, with 60% of contracts levered 20x or more."

  • Snowden Dorsey Signal crypto donations
    Uncategorized

    Snowden, Dorsey-endorsed encrypted messenger Signal adds crypto donations

    NSA whistleblower and Bitcoin fan Edward Snowden’s favorite service Signal now accepts donations in a dozen cryptocurrencies

    “As a nonprofit organization, we depend on your support. If you've been patiently waiting for Signal to accept cryptocurrency donations, you no longer need to hodl back your generosity," Signal said.

  • Robinhood 700% growth female crypto traders
    Cryptocurrencies

    Robinhood Crypto: 700% growth in female traders in 2021 alone

    Though still underrepresented, the stock and crypto exchange said 40% of its female customers trade cryptocurrencies

    Noting that a recent study cited in the Wall Street Journal found that women make up less than 25 percent of deposits into US brokerage accounts, Robinhood added, “we’re excited by the potential of cryptocurrency to help democratize finance for all.”

  • Uncategorized

    Hodl on! After being held 3 months, Bitcoins are rarely sold again

    Data revealed by on-chain analysis revealed that nearly all those who acquired Bitcoin have held it for at least 90 days—and most only sell in volatile bull markets

    In its research, Glassnode divided Bitcoin owners between long-term holders who own coins more than 155 days old, and short-term holders owning coins younger than that. The firm discovered that “once a coin passes our 155 day threshold to become a LTH held coin, it is increasingly unlikely to be spent on a statistical basis, often only coming back to life during volatility and at higher prices in bullish markets.”