Today we are excited to announce the launch of our corporate NFT collection: the GSR Blue collection.
Bitcoin continued in its trend downwards in May, falling ~16% after entering the month around $37,700 and finishing at $31,800. The majority of losses came during the first third of the month as bitcoin fell for several reasons.
In a nutshell, DeFi connects financial users without an intermediary. DeFi is an abbreviation for decentralized finance, and it is often deemed as an ecosystem of financial tools and applications “roaming” on the internet.
Two weeks ago, the TerraUSD (UST) stablecoin depegged from $1.00, bringing down the Terra blockchain and destroying over $40b in value from UST and LUNA alone. We review what happened in this week’s Chart of the Week.
Bitcoin broke its streak of two positive months, falling 17% after entering April around $45,500 and finishing at $37,700. Barring mid-month sideways action, the apex digital asset fell steadily throughout the month alongside broader risk markets.
After covering the role of miners and the inputs they use to bring bitcoin to fruition in prior reports, we discuss the bitcoin mining business model, explore value drivers, and profile several public bitcoin miners in the latest edition of our bitcoin mining-focused multi-part Chart of the Week.
After reviewing the role of miners in the Bitcoin network last week, we explore the components miners use to actually bring bitcoin to fruition – mining rigs, hosting sites, and power inputs – in the latest edition of our multi-part Chart of the Week on Bitcoin mining.
In our first multi-part Chart of the Week, we dive deep into Bitcoin mining over four distinct pieces. This initial piece covers how mining works and the role miners play in the network, while subsequent pieces examine the infrastructure used, business model and value drivers, competitive