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Lessons From The “This Machine Greens” Bitcoin Documentary, Pt 2: Clean Energy
There are even more lessons in the “This Machine Greens” documentary. Could Bitcoin mining actually be a net positive for the environment? That’s their thesis. The documentary has Swan Bitcoin’s seal of approval, Enrique Posner produced it and Jamie King, of “Steal This Film” fame, directed it. In the first part of this analysis, we […]
2021-09-17 23:09:47
A rally for Chainlink might be fueled by these key factors
Some blockchains take the “slow and steady wins the race” approach while others believe in surging exponentially in one go. It won’t be wrong to say that Chainlink falls in the former category. Chainlink, the market’s 14th ranked alt, has been one of the projects stepping on the toes of cutting-edge technology. The altcoin has […]
2021-09-17 23:09:34
Bitcoin Can Become The Global Reserve Currency, Says SkyBridge’s Anthony Scaramucci
Anthony Scaramucci sees bitcoin as a monetary standard and an effective financial network that will only grow in the future.
2021-09-17 23:09:20
Evolve or die: How smart contracts are shifting the crypto sector’s balance of power
Smart contract capabilities are rendering old-school megalithic crypto projects obsolete as blockchains evolve beyond just being a medium of exchange.
2021-09-17 23:09:00
$500 Billion German Asset Manager Considers Adding Bitcoin to Existing Funds
The German asset manager furthers its adoption of crypto after experimenting with Bitcoin certificates.
2021-09-07 23:09:03
Kim Kardashian crypto instagram post attracts concern from UK watchdog
TL;DR Breakdown • FCA chairman says these cryptocurrency promotions can drive scams.• Kim did nothing illegal because she admits in the post that it is a paid advertisement. Kim Kardashian never stops being a trend, even in the cryptocurrency market. Recently the head of the financial control agency in the United Kingdom spoke about an announcement made by the American diva and businesswoman. Kim had published an image on the social network showing her support for the Ethereum Max. The FCA chairman, Charles Randell, said that the cryptocurrency developers paid Kardashian to promote the Ethereum Max. With over 250 million followers, Kim Kardashian successfully promoted crypto. Artists promoting cryptocurrencies The regulator believes this cryptocurrency promotion was one of the largest ever seen in the UK and other countries. Randell believes these marketing campaigns towards cryptocurrencies are getting out of control, leading to irreversible problems. Regarding Ethereum Max, Randell clarifies that the crypto was developed a month before the promotion and had only speculative purposes in its value. However, Randell adds that he does not have enough evidence to charge the token as a scam. But he dares to say that developers often pay social media influencers like Kim Kardashian to promote cryptos. These internet stars accept the contract, unaware that crypto may be clinging to a Ponzi scheme. Randell finishes talking about cr...
2021-09-07 23:09:12
Tom Brady gives crypto advice to NBA star Stephen Curry
TL;DR Breakdown • Tom Brady is preparing to take advantage of cryptocurrencies with NFTs and passive investments.• Tom Brady gives funny crypto advice to Stephen Curry. Famous athlete Stephen Curry is dabbling in the decentralized marketplace and his colleague Tom Brady appears to give him some crypto advice. Brady is relevant in the crypto world for his latest decentralized investment announcements and his support to the market. Last Monday, Super Bowl star Tom Brady was very active on his Twitter account, where he tagged Basketball athlete Stephen Curry to give him what appeared to be crypto advice on new investment markets. However, Brady is an expert on the subject because he has some experience from his past investments. The athlete told Curry that whatever he has planned, don’t do it with laser eyes, referring to Bitcoin. Brady and his crypto advice trending on Twitter As expected, Brady’s tweets were enough for the Twitter platform to explode. Brady took advantage of this fame to change his profile image on the social network. He included a character with laser eyes. The athlete who participated in the Super Bowl recognized that he supported the virtual market and had invested in Bitcoin since May, even though the cryptocurrency had lost over 50 percent of its value in May. Bitcoin got off to a great start in January 2021, reaching new all-time highs in its value, where it traded above $64,000. However, th...
2021-09-07 23:09:06
Solana just became the best performing crypto in 2021
TL;DR Breakdown • Solana is trading today at $185.08, rising in value by 61.44 percent.• SOL offers over 50000 transactions per second, tripling the Ethereum work. New crypto investors should get into context about Solana and its huge influx in prices. Although the crypto looked vulnerable and would not reach an attractive value at its creation, it could surprise most speculators. SOL, the token linked to the Solana crypto, made it to the top ten cryptocurrencies in the virtual market, beating Dogecoin, Uniswap, and even Binance USD. The cryptocurrency seeks to compete among the five favorite cryptos and even surpass Ethereum. Solana: Surprisingly, the leading cryptocurrency in September Since September began, the SOL cryptocurrency has gained three times its value, leading to over $35-billion market capitalization. Solana’s adoption has increased due to the decentralized network’s characteristics with fast transfers and low payment rates. SOL has also supported the Defi market and non-fungible token auctions. Under these ideals, SOL could compete against the Ethereum network that has dominated the virtual market for years. The SOL token was developed under a cryptographic services project. Crypto differs from Bitcoin because its purchase value is low, but it is linked to the functions that Ether usually imparts. Solana supports up to 50000 transactions transfers per second, which is faster when compared to Bitco...
2021-09-07 23:09:45
Terra Price Analysis: LUNA traders sit on the fence as price oscillates wildly between $26 and $38
TL;DR Breakdown Terra price analysis shows that it is facing an undecided market with great price volatilityThe descent from $37.64 on August 29 is likely to continue as technical signs look vulnerableIf price starts to lower further, forced liquidation may come in play with bleak trading volume Terra price analysis suggests that the cryptocurrency faces a spell of uncertainty in the immediate term. While there is no significant indication that price can only go downward from here, the price volatility swirling in a wide range of $26 to $38 is a cause for concern. With this uncertainty, it is hard to predict whether an upward extension is on the cards or a downturn reversal. Over the past 24 hours, LUNA dropped a massive 15.38 percent, falling from $32.77 to trade at $27.22 at the time of writing. Its trading volume also fell more than 16 percent and market cap went down 11 percent. This put an end to a remarkable spree for LUNA that started from a low of $5.52 in July. The impressive run saw the 16th largest cryptocurrency in the world go up to its record price of $37.64 by the end of August. However, it now has the worst 7-day performance in the cryptocurrency market, suggesting a downturn in fortunes. LUNA followed the larger cryptocurrency market in plummeting over the past 24 hours, as Bitcoin, Ethereum and all Altcoins except Solana displayed bloodbaths. Ethereum led the downfall by going down almost 12 percent to a ...
2021-09-07 23:09:17
‘Nothing to fix’ – What Cardano’s Hoskinson said after Minswap shut down
Struggles with UTXOs, DApp errors, and congestion issues after the Cardano testnet went up led to users asking for help and complaining across a variety of forums. On 6 September, Minswap – a decentralized exchange on Cardano – confirmed it had shut down its testnet “temporarily.” Needless to say, crypto-community reactions weren’t positive. In fact, […]
2021-09-07 23:09:58
Monero price analysis: XMR collapses to $251 as panic disrupts bull rally
TL;DR Breakdown The Monero price analysis shows price hits an excruciating low below $251.Major decline in price can be expected in future.New support to be established as $277 is crossed. The Monero price analysis is indicating that a strong bearish activity has been taking place for the past few hours. The bearish wave has been overwhelming for the market, as the price has gone below the $251 level today. The chances for recovery are low, as the bearish momentum seems to be intensifying each hour. More and more buyers are backing off and contributing to the downfall of XMR/USD price value. XMR/USD 1-day price chart: Cryptocurrency faces a huge blow as the bears takeover the market The 1-day XMR/USD is going bearish as the price has dropped down suddenly to the $246 level. This has cast negative effects on the overall XMR/USD value, as the moving average is also standing far above the current price i.e. at 295.31. Moreover, the volatility is also increasing which is a negative sign related to the upcoming trends. The past week has been considerably favorable towards the bulls, yet today the bears have secured their place on the price charts. XMR/USD 1-day price chart. Source: TradingView As the volatility is towards the increasing side, the upper Bollinger band has reached the $333 level while the lower Bollinger band has moved down to $246. Monero price analysis states that the Relative Strength Index graph is also showing ...
2021-09-07 23:09:48
Crypto Market Is ‘Development Vector’ of Nation’s Digital Economy, Ukraine President Says
President of Ukraine Volodymyr Zelensky has highlighted the importance of launching a legal digital assets market in his country during a working visit to the U.S. The Ukrainian head of state met with top investors including from the cryptocurrency industry. President Zelensky Highlights Importance of Ukraine’s Virtual Assets Market Speaking to venture capital funds and […]
2021-09-07 23:09:37
Kim Kardashian Called out by UK Regulator for Pumping Crypto Token That Could Harm Investors
Kim Kardashian has been singled out by the U.K.’s Financial Conduct Authority (FCA) for pumping a crypto token that could put investors at risk. With 250 million Instagram followers, the FCA chairman said that Kardashian’s cryptocurrency promotion “may have been the financial promotion with the single biggest audience reach in history.” Kim Kardashian Promotes Crypto […]
2021-09-06 23:09:41
Bitcoin Cracks $52,000, Why This Time It Could Sustain The Rally
Bitcoin has broken out of its range for the second time in the past month. The first cryptocurrency by market cap is making its way up from its yearly low, $29,900, after a season trending to the downside. At the time of writing, BTC trades at $52,333 with a 1.4% and 7% profit in the daily and weekly charts, respectively. Bitcoin smashed the major resistance at $52,000, as news about El Salvador buying its first BTC came out of that country’s presidential office. The bulls are back in control, it would seem, and Bitcoin could potentially rise to its next resistance level at around $56,000, for the first time since May. If it does break that resistance, the bulls could attempt a move into the $60,000 area. This could put BTC’s price in the “path of least resistance”, as Senior Commodity Strategist for Bloomberg Intelligence Mike McGlone said. The price target for that path is $100,000 by the end of 2021 for the first cryptocurrency by market cap, and $5,000 for the second, Ethereum. McGlone noted: After enduring a gut-wrenching correction, we see the crypto market more likely to resume its upward trajectory than drop below the 2Q lows. What could stop Bitcoin and Ethereum from achieving record highs in 2H may be the more elusive question. Increasing demand and adoption are facing diminishing supply. A report by Glassnode support the bullish thesis for the short term. The firm records a recovery in the mining sector after these ...
2021-09-06 23:09:12
Solana Extends Uphill Drive, Hitting Record Highs After Record Highs
Solana continues its uphill drive, hitting record highs after record highs. The speed, dive into NFTs and deeper DeFi expansion are key reasons for Solana’s price surge. Could it eventually compete with Ethereum? Still too early to decide but its present form is multiple steps in the right direction. Third-generation blockchain, Solana has been in […]
2021-09-06 23:09:36
Why U.S. Senator Elizabeth Warren Thinks Crypto Is “The New Shadow Bank”
Crypto regulation has been a hot topic lately in the United States. The Infrastructure Bill has been one of the most talked-about bills in the crypto industry. Senators have usually taken a stand for or against favorable crypto regulations. And for the most part, the House has been divided on what should be done with […]
2021-09-06 23:09:42
As Crypto Market Goes Into “Extreme Greed,” Is Bitcoin Set For New All-Time High?
Bitcoin price recently broke past $50,000 as the entire crypto market experienced a surge. Investor sentiment has been greatly skewed into the positive with this break of the $50K resistance point, increasing the buy pressures all around the market. There are various tools used to measure how investors are currently feeling towards a particular asset. In this case, the Fear & Greed Index helps to measure the general sentiments around the top coins in the crypto market. The week has started on a high note with the Fear & Greed Index index at a score of 79 today. Putting sentiments around top coins like bitcoin in the region of extremely positive. Fear & Greed Index goes into extreme greed | Source: Fear & Greed Index from alternative.me Market Turns To Extreme Greed The market has spent the last week in greed according to the Fear & Greed Index. Now, following bitcoin going to $52K, the pin has now moved straight into “Extreme Greed.” This is a result of investors, both old and new, clamoring to get their hands on as much bitcoin as possible. At this point in time, accumulation looks to be the name of the game. Related Reading | These Three Lagging Altcoins Are Poised For A Breakout, Says Crypto Strategist The Fear & Greed Index jumped six points in the span of 24 hours to land at 79 on the index, which put it directly in the “Extreme Greed” territory. Measuring emotions and sentiments in the m...
2021-09-06 23:09:14
Cardano, Dogecoin, Chainlink Price Analysis: 06 September
Mixed trading patterns were observed in case of certain altcoins. While some altcoins rallied, others also logged some gains, while many were busy trading laterally. Chainlink rallied 12.9% over the last 24 hours, while setting a new multi-month high. Dogecoin hiked by 4.4% and was preparing to revisit the $0.314 price ceiling. Cardano traded sideways, […]
2021-09-06 23:09:11
Big ups for Bitcoin Price Ahead! $54K Next Pittston?
The post Big ups for Bitcoin Price Ahead! $54K Next Pittston? appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto GuideThe price of bitcoin is poised to revisit the $52,000 mark after reaching highs of $51,880 on September 5. The overall market capitalisation of all cryptocurrencies is now $2.32 trillion, up 2.61 percent, with the bulk of them trading in the green. Bitcoin’s price cemented the $49,500 and began a new upward trend. BTC moved …
2021-09-06 22:09:00
What these ‘unlikely’ supporters have in mind for Bitcoin adoption in El Salvador
Bitcoin enthusiasts the world over, are waiting in anticipation for El Salvador’s Bitcoin law to finally come into force tomorrow, 7 September. This marks the first time that the cryptocurrency will attain the status of legal tender in a nation. To commemorate this event, a Reddit community with over 3 million members, decided to buy […]
2021-09-06 22:09:07
$52K Bitcoin price triggers rally in large caps like Litecoin, Stellar and Bitcoin Cash
Bitcoin’s steady climb toward new highs is bringing about the usual breakout from legacy altcoins like LTC, BCH and XLM.
2021-09-06 22:09:00
Ethereum, Stellar, Uniswap Price Analysis: 04 September
Ethereum recorded an upward movement of 3% while eyeing its multi-month high of $4033.17. Stellar also displayed similar movements, after logging gains of 3.4% and attempting to topple over the $0.381 price ceiling. Conversely, Uniswap was amongst the altcoins that recorded a loss. The coin dipped by 3.6% while moving towards the support line of […]
2021-09-04 23:09:45
Crypto Needs Regulation If It’s Going To Survive, Says SEC Boss
The Chairman of the Securities and Exchange Commission (SEC) has called for the crypto space to work with regulators. The Financial Times reported that Chairman Gary Gensler had asked Congress to empower his agency so they will be better able to govern the market. It is still not clear yet which agency has oversight of the cryptocurrency industry, as regulators mainly classify bitcoin as more of a commodity than it is a security. Related Reading | Deloitte Survey Shows 76% Of Finance Execs Think Physical Money Is Nearing Its End It is estimated that less than 10% of the world currently knows about crypto. But nevertheless, it is still a large enough number that has prompted regulators to start looking into ways of properly regulating these digital assets. It is no longer just retail investors who are trying to make some quick profit on highly volatile markets. Institutional investors have also thrown their hat in the ring, like in the case of Michael Saylor’s MicroStrategy. Finance Is About Trust Gensler believes that if the market is to grow, then it needs to embrace regulation. The SEC chairman explained that regulation would provide trust in the market, which is important if the market does not want to become irrelevant over time. “Finance is about trust, ultimately,” Gensler said. Gensler’s focus is mostly on trading platforms, given that this is where the majority (~95%) of activities in the crypto market are carried...
2021-09-04 23:09:24
Survey Shows 1 In 10 U.S. Investors Own Crypto Despite Seeing It As A Risky Asset
Crypto investment is fast becoming front and center when it comes to investing in the United States. Data has shown that the number of bitcoin investors has tripled in the last three years alone. This has mostly been sparked by the bull markets that have been experienced. A recent survey has shown the number of […]
2021-09-04 23:09:05
Bitcoin Institutions For The Bitcoin Age
Fear, greed and awe — the three rails to Bitcoin adoption and how the Bitcoin Tree Forum can help.
2021-09-04 23:09:00
Are Bitcoin Whales Dumping? On-Chain Data Reveals Addresses with Over 100 Coins Are on the Decline
The number of Bitcoin (BTC) whales might be on the decline as revealed by on-chain data provided by Glassnode analytics. In an unusual reality, the number of addresses holding at least 100 units of Bitcoin, which in today’s valuation will be worth approximately $5 million, has hit a 1 year low of 15,958. The digital The post Are Bitcoin Whales Dumping? On-Chain Data Reveals Addresses with Over 100 Coins Are on the Decline appeared first on Coingape.
2021-09-04 22:09:30
This may severely impact Cardano’s upward trajectory
Although a few candlewicks rose above the $3-mark, Cardano was yet to register a daily close above $2.96. In fact, the world’s third largest digital asset was now taking shape within a descending wedge and the same was expected to severely impact ADA’s upwards trajectory. Bearish signs settled on a few of its indicators and […]
2021-09-04 22:09:57
Report: Nigerian Securities and Exchange Commission Sets Up Fintech Division for Crypto Research
Nigeria’s securities regulator, the Nigerian Securities and Exchange Commission (SEC) has set up a fintech division “to study crypto investments.” This was revealed by Lamido Yuguda, the director-general of the SEC during an interview. Protecting Crypto Investors In the interview, Yuguda explains that the study’s findings will help inform the SEC of the best ways […]
2021-09-04 22:09:20
Traders know not to ‘go long’ when this classic trading pattern shows up
Investors watch trading volume and other momentum indicators alongside descending channel patterns to better gauge when to open and close trades.
2021-09-04 22:09:10
This Low-Cap Altcoin Just Skyrocketed After Pulling Off Major Milestone
A low-cap altcoin has more than doubled its price in just one week after pulling off a huge milestone. Polymath (POLY) tells its 50,500 Twitter followers that its Polymesh Incentivized Testnet (ITN) has been upgraded to a new version. The update paves the way for the availability of decentralized applications (DApps) on the protocol’s testnet. […]The post This Low-Cap Altcoin Just Skyrocketed After Pulling Off Major Milestone appeared first on The Daily Hodl.
2021-09-04 22:09:04