BTC News

Bitcoin is a cryptocurrency. It is a decentralized digital currency without a central bank or single administrator that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries.

Welcome to the BTC news page – We have a selection of BTC news articles sourced from some of the biggest Bitcoin news resources such as newsbtc.com and Bitcoin.com

  • Bitcoin Transaction Fees Remain Historically Low Despite Recent Spike

    Data shows the Bitcoin total transaction fees have continued to be at historically low values despite a spike during LUNA’s collapse recently. Bitcoin Transaction Fees Have Moved Sideways Since July 2021 As per the latest weekly report from Glassnode, the total transaction fees on the BTC network has been very low for almost a year

  • Why Polygon Launched Fund To Attract Projects From Terra Network

    Polygon has launched the Terra Developer Fund to aid projects affected by the LUNA crash. Via its developer arm Polygon studios, the Ethereum scalability solutions will provide projects previous on Terra with financial support. Related Reading | Balenciaga To Accept Bitcoin And Ethereum Payments In The U.S. According to a post via its official Twitter handle,

  • By The Numbers: The Booming Web 3.0 Gaming Sector Explored

    The Web 3.0 gaming sector has by far been one of the winners of the first half of 2022 even though it started to gain prominence in 2021. There are now countless Web 3.0 gaming projects out there that are bringing value to players by paying them for time spent on games. This exciting new

  • Deepfake Video Of Elon Musk Goes Viral – ‘Yikes. Def, Not Me’ 

    Deepfake videos victimize all kinds of individuals. That includes influential people like Elon Musk.  A new scam involving a Deepfake video of Musk spreading an investment opportunity that happens to be a dodgy or illegal crypto trading platform has gone viral. Crypto scams have been mushrooming quickly on Twitter, such as with the hacked account

Some more news from

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    BTC mini Blog

    Bobby Lee: $500K Bitcoin Price ‘Flippening’ of Gold Will Come by 2028

    Bitcoin (BTC) will surpass the market cap of gold and could ultimately be worth $1 million, well-known industry figure Bobby Lee has said. 

    In a series of tweets on Nov. 10, Lee, who co-founded Chinese cryptocurrency exchange BTCC and now runs a Bitcoin wallet startup, became the latest voice in the expanding debate on Bitcoin versus gold. 

    Lee: BTC market cap to hit $8 trillion

    Gold’s market cap is $8 trillion, while Bitcoin’s is just $160 billion. While around fifty times lower at present, Lee thinks a reversal could come as soon as 2028.

    “I predict the #flippening will happen within 9 years and $BTC will shoot up past USD $500,000,” he wrote. 

    Like many, Lee based his argument for Bitcoin’s success on its decreasing supply via block reward halvings. He noted that in the next decade, the amount of Bitcoin released to miners each block will halve three times. Lee added:

    “By 20th year, daily new output will just be ~255 BTC — yearly inflation of less than 0.5%. More scarce than #gold!” 

    Money printing could take BTC to $1 million

    His arguments chime with predictions by a well-established model charting the Bitcoin price — Stock-to-Flow. The product of social media analyst PlanB, the instrument likewise uses Bitcoin’s new supply versus its existing stock to forecast its future value. 

    As Cointelegraph reported, calculations call for a BTC/USD price of just $8,300 until the next halving in May 2020. After that, however, the situation should change rapidly, with $100,000 coming around two years later. 

    Lee also joined PlanB in predicting far higher Bitcoin prices in the latter part of the next decade or beyond. While the former thinks a $1 million price tag is possible in the event of global money printing continuing, PlanB noted that money printing could ultimately stop the Stock-to-Flow model from working.

    “I would be happy if the model holds for 1 or 2 or maybe 3 more halvings. Especially since BTC is measured in $ … who knows what happens with $ if the FED keeps doing more QE (money printing),” he said in a Twitter exchange late last month. 

    Bitcoiners battle gold believers

    The idea of Bitcoin usurping gold as an alternative store of value still has its major detractors. Among the most vocal is Peter Schiff, the gold bug who has become infamous for his social media slighting of both Bitcoin and its proponents. 

    Last week, Schiff argued that China potentially backing its state-issued digital currency with gold was a “bearish” sign for Bitcoin. 

    Prior to that, he forecast BTC/USD never reaching $50,000, while gold would pass $5,000. 

    Equally vocal about Bitcoin meanwhile is Max Keiser, the RT host who continues to argue for the cryptocurrency’s supremacy on mainstream media. 

    In an episode of his Keiser Report last week, he said that Bitcoin’s self-settling ability automatically made it more suitable for transactions than either gold or fiat currency.

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