The undefeated professional boxer Floyd ‘Money’ Mayweather recently spoke at the Bitcoin 2021 conference in Miami and was booed while speaking on stage. Mayweather’s speech wasn’t appreciated by members of the crowd because he didn’t discuss bitcoin much and toward the end, Mayweather said he believes another crypto will be “just as large as bitcoin …
Monthly archives: June 2021
SHIB vs. DOGE – Who Is the Top Dog in Crypto Land?
Over the last few months two distinct dog cryptocurrencies, shiba inu and dogecoin, have been making waves within the crypto economy. While dogecoin has been around since 2013 and has seen massive gains during the last year, the relatively new ERC20 crypto shiba inu has jumped significantly in value as well. Both Dogecoin and Shiba …
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The NFT bubble may have popped, but the sector is still primed for expansion
NFT sales and active wallets fell by more than 40% in the past month but new layer-2 infrastructure is preparing the sector for the next surge. Nonfungible tokens (NFTs) took the world by storm in March and April of this year with an onslaught of daily headlines about record-breaking sales and big-name companies dropping their …
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Jack Dorsey’s Square Inc. to invest $5M in Blockstream Bitcoin mining facility
Blockstream is a leading blockchain development company founded by Adam Back in 2014. Square Inc., a crypto-friendly mobile payments company, is planning to invest $5 million in a solar-powered Bitcoin (BTC) mining facility for Blockstream Mining, offering further insight into Jack Dorsey’s continued support for blockchain infrastructure. Chris Cook, Blockstream’s chief information officer, announced the …
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Bitcoin 2021: Here’s a live update of the biggest movers and shakers of Day 2
The largest-ever Bitcoin conference continued on Saturday. Here’s a rundown of what you may have missed. Some of crypto’s most influential people headlined the second day of Bitcoin 2021 Miami, offering words of wisdom about the future of decentralization, privacy and financial inclusion. Day 2 began with a panel discussion centered around Bitcoin’s macro landscape, …
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Bitcoin Price Prediction: BTC/USD Stumble Below $36,000
Bitcoin Price Prediction – June 5 The Bitcoin price path of least resistance remains below the 9-day and 21-day moving averages as the coin loses over $500. BTC/USD Long-term Trend: Bearish (Daily Chart) Key levels: Resistance Levels: $44,000, $46,000, $48,000 Support Levels: $28,000, $26,000, $24,000 BTCUSD – Daily Chart BTC/USD has been struggling to maintain …
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BNB, SOL, IOTA, CAKE, MANA: Price Rallies Incoming – Where To Buy
The weekend had started well for altcoins, and their price movements was proof of this. Binance coin (BNB), Solana (SOL), IOTA, CAKE, and Decentraland (MANA) surged by nearly 10% in the early European session, and they are presenting very good buy opportunities. Binance Coin (BNB) BNB is leading the pack in price recovery. The BNB …
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Bitcoin Price Prediction: BTC/USD Value Features in Ranges
Bitcoin Price Prediction – June 5There have been definite lines that the BTC/USD value features in ranges over some trading operations. As of writing, the crypto’s market worth appears slightly overwhelmed by the purchasing power of the US Dollar to trade at a -1.36 percentage decrease at the level of $36,394. BTC/USD MarketKey Levels:Resistance levels: …
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No, Musk, don’t blame Bitcoin for dirty energy — The problem lies deeper
Bitcoin is not responsible for dirty energy — people are. But Elon Musk is now responsible for Dogecoin. Elon Musk is definitely interested in digital currency, but it seems that he doesn’t want to understand it. At least, I worry that he doesn’t have a deep enough understanding of Bitcoin (BTC) and decentralized systems in …
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Forecasting Bitcoin price using quantitative models, Part 3
To understand where the value of Bitcoin is headed, we need to study the adoption rate of cryptocurrencies in the world. This is Part Three of a multipart series that aims to answer the following question: What is the “fundamental value” of Bitcoin? Part One is about the value of scarcity, Part Two — the …
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Ethereum Balance on Exchanges Hits a 2-year Low of 12.447M ETH
Ethereum balances on crypto exchanges have hit a 2-year low of 12.447 million ETH Ethereum outflows from crypto exchanges have exceeded 1 million ETH in the last 30 days The outflow of ETH from exchanges continues despite the slowdown in the price of Ethereum ETH is still having a hard time breaking the $2,800 resistance …
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BNB Recovers by 11% as Moving Averages Indicate Good Buy
The recent market crash seems to be slowing down, with several tokens gaining tremendously in recent days. Binance coin has not been left behind in the bullish rally, and it is now showing signs of recovery. BNB’s price predicament did not just start with the May market meltdown. Mid last month, the Binance exchange was …
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De-Dollarization: Russia Removing All US Dollar Assets From Its $600 Billion National Wealth Fund
Russia has reportedly announced that U.S. dollar assets will be removed from its National Wealth Fund as U.S. sanctions on Moscow intensify. The fund, which currently totals about $600.9 billion, forms part of Russia’s gold and currency reserves. Russia Steps up De-Dollarization Efforts Russia’s finance minister, Anton Siluanov, announced at the St. Petersburg International Economic …
Lawsuit Accuses Korean Crypto Exchange of $3.5 Billion Scam, Tens of Thousands Defrauded
A class action lawsuit has been filed in South Korea accusing cryptocurrency exchange V Global of defrauding investors. The police reportedly estimate that 69,000 people have invested with the crypto exchange and the damage amounts to 3.8 trillion won. Crypto Exchange Sued for Defrauding Investors South Korean cryptocurrency exchange V Global has been accused of …
Norton Crypto Mining: Antivirus Software to Mine Cryptocurrency
Norton has added a cryptocurrency mining feature to its antivirus software. Users will be able to mine ethereum while their computers are idle. Miners can track and transfer their crypto earnings into their Norton Crypto Wallet. Antivirus Software Can Mine Crypto Nortonlifelock (NASDAQ: NLOK), a global cybersecurity company, announced Wednesday the launch of Norton Crypto, …
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