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Iconic Monthly Crypto Overview – October 2021
Stay up to date with our monthly crypto overview: October was another historic month for Bitcoin as we witnessed the approval and launch of the first-ever Bitcoin ETF in the United States. The biggest (and most surprising) gainer in October was the meme coin, Shiba Inu, which climbed by 919.13% to become the ninth-largest cryptocurrency…
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What Would the World Look Like with Bitcoin as a Reserve Currency?
This year, bitcoin has become legal tender in El Salvador, suggesting that it may be on track to challenge today’s prominent reserves currencies, should nation-state bitcoin adoption continue. Read on to learn more about bitcoin’s potential role in the global currency markets and what the world would look like with bitcoin as a reserve currency. …
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The Institutionalization of Bitcoin: What Does It Mean for Crypto Investors?
Today, it’s easier for institutions to invest in Bitcoin than it’s ever been. Thanks to a friendlier regulatory environment combined with publicly traded Bitcoin investment products, access to Bitcoin has been simpler than ever before for traditional investors. All this has been made possible by the institutionalization of bitcoin as an asset class, which now boasts…
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The great American mining migration
[vc_row][vc_column][vc_column_text] The Great American Mining Migration By Dominik Poiger, Head of Product Management, Iconic Holding The Great American mining migration is now complete. As we pointed out previously, Chinese miners had to leave Mainland China and set-up shop elsewhere. Past months data had already indicated that most of these miners would either sell their mining rigs, close up…
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Iconic Monthly Crypto Overview – September 2021
Stay up to date with our monthly crypto overview: September was a historic month for Bitcoin as El Salvador became the first nation to adopt the cryptocurrency as legal tender. In the top ten crypto assets, a big winner this past month has been Solana, which is up an 38.57% despite the overall correction in…
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An Update on Bitcoin’s Hash Rate
Previously, we discussed the initial impact of Chinese miners on the “China mining ban” in our article from June 21, 2021. After almost two months it is now time for an update on Bitcoin’s Hash Rate. It has become quite clear that – after years of fake news on this topic – China seems to have…
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Is Bitcoin’s Carbon Footprint Improving?
Bitcoin’s hashrate dropped significantly from its all-time-high, sitting at a rate not seen since November 2020. According to data from blockchain.info, Bitcoin’s current hashrate is now (as of 21 June 2021) at approximately 110M TH/s, 30% below its all-time high of around 190M TH/s from a few weeks ago. Bitcoin mining has been largely concentrated…
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