Canaan Creative, the manufacturers of the Avalon Bitcoin miner series have published their first earnings report since the company’s public stocks sale in the USA, on Thursday, April 9th, as initially reported by Coindesk. During it’s IPO in November 2019, the company raised $90M USD selling 10,000,000 stocks for $9 each. Now investors have lost 61% of their investment at the current price per stock. Nangeng Zhang, the CEO and founder of Canaan explained that sales of Bitcoin miners considerably dropped since December and he believes the reason is the volatility in BTC’s price. However, at the time BTC’s price movements were small and brief, painting a generally flat and upward curve going into the next year. The company’s revenue in 2019 is down two-fold compared to 2018. At the same time...

BTC saw an unusual spike in activity yesterday, April 29th. In the past, 24 hours Bitcoin has risen up by 18.66%, the mempool was briefly overloaded, and some exchanges were barely keeping up with the activity.  Let’s start with the price. But before that, I just want to let you know that this is not financial advice, I’m not even a professional trader. I’m just a guy that’s invested 3+ years of his life writing about crypto and blockchain tech. If you ask Billy, yes, suddenly after all of the “blows to Bitcoin” the time for Bitcoin is nigh. Forbes is saying yes it’s going to $10k, Coinbase’s Daniel Cawrey says it’s FOMO time. I mean, it’s crazy, but this is what the news should look like if you ask Forbes. We also say that it looks like BTC is going to break $10,000. But we also don’t ha...