Back on Solid Ground
The market took a downturn last week after bitcoin (BTC) reached as high as $58K. The stock market also sold off as the 10-year Treasury note yield had its highest one-month increase since 2016. As a result of the dual selloffs the [...]
Analyzing Miner to Exchange Flows
Miners are often considered natural sellers of bitcoin (BTC). Their revenue is earned from block rewards and transaction fees which are paid out in BTC. But their costs, like electricity and rent, are paid using fiat currencies. Miners therefore need [...]
Crypto Trust Supply Sinks
Late last week BNY Mellon, the world’s largest custodian bank with over $2 trillion in assets under management, became the latest institution to announce support for digital currencies.
Inflection Points
Tesla announced a $1.5B purchase of bitcoin on Monday, less than two weeks after Elon Musk added #bitcoin to his Twitter bio. The large buy adds Tesla to the growing list of public companies buying and holding bitcoin (BTC) in their treasuries.
In Retrospect, It Was Inevitable
The stock market was turned upside down last week. Retail investors organized on Reddit and took over, making a killing off of heavily shorted stocks like GME and AMC while major hedge funds lost billions.
Fear, Uncertainty, and Double-Spends
As bitcoin (BTC) price reaches new all-time highs, renewed rounds of fear, uncertainty, and doubt (aka FUD) have come with it. On January 20th articles began to circulate claiming there had been a Bitcoin double-spend.
Altseason Watch
It’s starting to feel a lot like altseason. That magical time of year when people you went to high school with start messaging you out of the blue to ask about a coin you thought died in 2017.
Bitcoin Highs and Lows
It was a crazy week for bitcoin and for the world. On January 6th the US was thrown into civil unrest after the Capitol Building was stormed. Historically bitcoin didn’t necessarily have a quick reaction to world events, but that [...]
Crypto’s Biggest Storylines Going Into 2021
The end of 2020 saw crypto climb to new highs. In this issue of State of the Network we look ahead to 2021 and preview some of crypto’s biggest storylines going into the new year.
State of the Network Best of 2020
In this special edition we look back at the best issues of State of the Network over the past year. We’ve organized issues into five main themes that we covered throughout 2020.