Bitcoin Scaling: How Liquid Sidechain Could be Better Than Lightning

It is painfully clear that bitcoin needs to scale in terms of transactions if it is ever to be mass adopted as a peer-to-peer currency. Two solutions currently address the issue, the Lightning Network and Liquid sidechain, but which one is best? Scaling Bitcoin For The Future Like it or not, bitcoin is currently painfully slow and limited. With a maximum transaction rate of around seven per second it is miles behind other crypto currencies. As reported by Bitcoinist this week, TPS is one of the major factors limiting mass…

Bitcoin SV Sets the Stage for Extreme Price Crash

The Bitcoin SV (BSV) rally did not manage to keep up to its highest level. For now, BSV survives with significant gains, but the price is yet to dump. Bitcoin SV Exploded in Early 2020, but Rally Viewed with Suspicion Bitcoin SV, with its market price igniting at the beginning of 2020, has already completed another episode of unusual price action. The asset bounced off the $260 range, only to rally back above $314. BSV hovers close to its highs at 0.03 BTC, a position not seen since the asset…

Bitcoin to Conquer $12.5K Level Before May, Says Veteran Trader

Bitcoin has established itself in the $7,600-$9,000 range, and is slowly regaining momentum. Veteran crypto trader, Filbfilb, confirms in his latest Decentrader newsletter that we should see the leading asset break above $12,500 before the upcoming halving event. Dip to $5,000 Becoming Less Likely The often-repeated meme for a dip to $5,000 may not materialize, the analysis confirms. Current support levels with robust volumes may prevent the slide, with a strong support level at $8,100. The $5,000 narrative is based on longer-term analysis of bitcoin still making lower highs, but…

Grayscale GBTC Gap Closes, What This Means for Bitcoin

Grayscale’s GBTC fund attracted attention with the relatively large large gap between its share price and Bitcoin (BTC) spot prices. The closing of the gap may become a signal for future BTC developments, as currently the share price converges with BTC positions. GBTC Gap Remains Dynamic, May Move Within Hours At the moment, there is still a small gap, which suggests GBTC buyers are not willing to pay more for the shares. Timothy Peterson, Bitcoin analyst, believes the gap has a historical record of closing in, thus the current situation…

How Bitcoin’s On-chain Activity and the Iran Crisis Correlate?

The dust has settled in the Middle East for now as the political posturing takes a back seat. Bitcoin prices have also settled a little from their roller-coaster ride over the past fortnight, but how closely related were the two events? Bitcoin has spent the past day or so consolidating at the $8,600 level after a minor pullback on Sunday. Its epic 32% pump this month has been largely attributed to geopolitical tension in the Middle East as the safe haven narrative intensified. On-chain analysis enables researchers to delve deeper…

Bitcoin, Crypto Assets are not Banned in India: RBI

After a stressful Supreme Court hearing, India conceded that bitcoin and crypto assets are not illegal. The Reserve Bank of India, the country’s central bank, also stated it did not place restrictions on Bitcoin (BTC) or other virtual currencies. RBI Denies Banning Bitcoin and Crypto Outright, but Banks Face Restrictions The RBI put in place ring-fence regulations, to protect banks and institutions from the risks related to trading bitcoin and other crypto assets, reported the Economic Times of India. The central bank has also restricted banks from dealing in bitcoin…

Is Bitcoin the Answer to Trump’s ‘Generosity’ Towards Banks?

Could Bitcoin mend a system where President Trump is being extra generous toward banks through tax cuts?  JP Morgan Profits Dwarf Ethereum US bankers have been laughing all the way to the bank last year, quite literally. In the best year for any bank in the history of the USA, JP Morgan announced $36.4 billion in profits during the past 12 months. That is roughly twice the total market capitalization of Ethereum. The bank is now making twice as much as it did before the banking crisis ten years ago…