May 2021 / 65 posts found

Ethereum ($ETH) Founder’s $1 Billion Gift Rocks Shiba Inu ($SHIB)Traders – Bloomberg

by crypto journalist
A memecoin invaded the world of philanthropy this week, bringing with it extreme price volatility and bewildering questions about whether $1 billion worth of a joke cryptocurrency can hold its value. Sandeep Nailwal, a cryptocurrency entrepreneur from New Delhi, set up the India Covid Crypto Relief Fund about three weeks ago after witnessing firsthand deaths caused by a lack of oxygen at the hospitals he volunteered in, as the country battled a devastating health crisis. At first, donations came trickling in, raising roughly $7.5 million up until the middle of this week. That’s when Vitalik Buterin, one of the creators […]

Musk Sends Bitcoin Tumbling With Shock U-Turn on Payments – Bloomberg

by crypto journalist
Tesla Inc.’s Chief Executive Officer Elon Musk said the electric-vehicle manufacturer is suspending purchases with Bitcoin, triggering a slide in the digital currency. In a post on Twitter Wednesday, Musk cited concerns about “rapidly increasing use of fossil fuels for Bitcoin mining and transactions,” while signaling that Tesla might accept other cryptocurrencies if they are much less energy intensive. He also said the company won’t be selling any of the Bitcoin it holds. WATCH: There are lots of differences when it comes to visions behind Bitcoin, with plenty of skeptics to counter the believers. (Source: Bloomberg) The largest cryptocurrency dropped […]

Ethereum Price to Hit $19,842 by 2025 According to 35 Experts

by crypto journalist
Thirty-five experts have come together to predict the price of ethereum. On average, they expect the price of ether to hit $19,842 by 2025. The majority of panelists say now is the time to buy ethereum while 28% say to hodl. Experts See Price of Ether Reaching Almost $20K by 2025 The “Finder Cryptocurrency Predictions 2021” which was updated Monday predicts that the price of ether will be nearly $20K by 2025 according to 35 experts on Finder’s cryptocurrency panel. The report says: By 2025, the panel expects Ethereum to hit $19,842 on average. The highest forecast came from Bitbull […]

Bitcoin Worth $1B Leaves Coinbase as Institutions ‘FOMO’ Buy: Analyst – CoinDesk

by crypto journalist
On-chain data shows big money continues to chase bitcoin amid the frantic bull run. That’s a sign of institutions catching the “FOMO” bug, according to one analyst. This content was originally published here.

Price of Bitcoin sinks 15% after Elon Musk says Tesla will no longer accept it as payment | Daily Mail Online

by crypto journalist
What is a Bitcoin?    Bitcoin is what is referred to  as a ‘crypto-currency.’  It is the internet’s version of money – a unique pieces of digital property that can be transferred from one person to another. Bitcoins are generated by using an open-source computer program to solve complex math problems. This process is known as mining.   Each Bitcoin has it’s own unique fingerprint and is defined by a public address and a private key – or strings of numbers and letters that give each a specific identity. They are also characterized by their position in a public database of all […]

Report Finds Argentineans Are Becoming Increasingly Interested in Bitcoin, Ethereum and Stablecoins – Emerging Markets Bitcoin News

by crypto journalist
Report Finds Argentineans Are Becoming Increasingly Interested in Bitcoin, Ethereum and Stablecoins Over a million Argentineans have been buying cryptocurrencies in the last few months, and a pattern has been spotted among them in terms of preferences. A local media outlet unveiled that most of them are decanted to acquire bitcoin and stablecoins. Argentineans Like to Invest in DAI, USDC, and USDT According to Ámbito, citing data from South American digital assets crypto exchanges, the boom on such markets had driven Argentina to look for other virtual currencies rather than bitcoin (BTC). In fact, per the media outlet, most Argentineans […]

Price Of Bitcoin Is Crashing Drastically Right Now

by crypto journalist
Getty We knew it was going to happen, but the Bitcoin mania looks to be coming to an end, judging by plummeting prices. In December, Bitcoin hit an all time high of $19,783 and it looked like nothing could stop the cryptocurrency behemoth. But thanks to a 46 per cent decline in the past month, we’ve seen a drop to below November prices of $7,836 at time of writing, reports. Getty It’s been estimated that a staggering $100 billion has been wiped off the crypto market in just 24 hours as a result of these plummeting prices, which has caused […]

Bitcoin (BTC USD) Cryptocurrency Pros Tire of the Dogecoin ($DOGE) Joke – Bloomberg

by crypto journalist
Nic Carter’s first foray into digital currencies was mining Dogecoin in his university dorm room back in 2013. Created as a joke with the Shiba Inu dog breed as its logo, the meme-inspired token seemed more fun than Bitcoin and its community of diehards. The 28-year-old now runs a crypto data provider that counts Goldman Sachs Group Inc. among its investors. He’s lost access to a trove of Dogecoin that has surged roughly 200,000% since the token’s inception. But like many industry pros, these days he has little affection for the coin — and has lost no sleep over his […]

Ethereum ($ETH) Dogecoin ($DOGE) Binance Cryptocurrency Price Warning Sounds – Bloomberg

by crypto journalist
Parabolic jumps in digital tokens such as Ether, Dogecoin and Binance Coin are outshining Bitcoin, prompting more questions about whether that segment of the cryptocurrency sector is ripe for a reckoning. The rallies have contributed to a slump in Bitcoin’s share of the $2.6 trillion crypto market to 43% from about 70% at the start of 2021, a metric that for strategists at JPMorgan Chase & Co. and DataTrek Research LLC may be a warning sign of investor excess in a range of digital tokens. Bitcoin’s waning dominance carries echoes of “froth” to the extent it’s being fueled “by a […]

What’s the Difference Between Bitcoin and Ethereum? – Bloomberg

by crypto journalist
Yes, Dogecoin, the cryptocurrency that started as a joke and is now worth $90 billion, merits attention. But for those just beginning to take the field seriously, the two big names in the $2.2 trillion cryptocurrency market remain Bitcoin and Ether, the coin that fuels the Ethereum network. Bitcoin, the pioneer, has been on a tear, its value up about 500% in the past year. Yet it’s Ether that has been showing its older brother a thing or two, with a price jump of around 1,500% over the same period. While the top two digital coins share some attributes, they […]