Day: February 19, 2020

How Cryptocurrency Trading Has Evolved in Recent Years

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In the early days of blockchain, cryptocurrency trading was seen by many as merely exchanging a few dollars for Bitcoins (BTC). The birth of other tokens and the high volatility in cryptocurrencies have led many traders to speculate by buying a few coins through exchanges in hoping the value will increase for the sake of profit.  The decision to switch to floating exchange rates was made in the second half of the last century, when it became clear to financial institutions that they could not provide the right amount of…

Stellar’s Jed McCaleb Says His XRP Sell-Off Won’t Disrupt Crypto Market

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A recent Medium post from blockchain monitor Whale Alert showed that Stellar CTO Jed McCaleb sold off more than 1 billion XRP between 2014 and 2019. The post attempted to analyze whether or not McCaleb’s sale of XRP will affect the price of the crypto. Whale Alert noted that compared with other total trade volumes per day, the amount McCaleb is selling seems insignificant. Following up on this, McCaleb told Cointelegraph in an interview that it’s strange that so many people are focused on his recent trading of XRP, noting…

Analyst Who Called 30% Bitcoin Rally Sure Ethereum Ready to Jump Past $300

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Over the past day, Bitcoin, Ethereum, and the rest of this nascent market have finally shown signs of recovering after the nearly 10% drawdown seen over the weekend. Per data from Coinmarketcap, ETH is up 6.6% in the past 24 hours, rallying to $282 as of the time of this article’s writing after peaking near $290 earlier today. This already impressive bounce from the weekend’s lows has analysts convinced that Ethereum is likely to move beyond $300 in the coming days. Here’s more on why. Ethereum is Ready to Move…

China Has the Secret to Fulfilling Elon Musk’s Affordable EV Pledge

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Tesla could reduce costs significantly by using cobalt-free batteries. Cobalt batteries are one of the most expensive components in electric vehicles. Elon Musk envisioned the Model 3 as a mass market car but it currently competes with luxury vehicles. One of the biggest factors preventing the mass adoption of electric vehicles (EVs) has been their price. Even after incentives, EVs are relatively more expensive than internal combustion engines. Tesla (NASDAQ:TSLA) could be on the verge of solving this by turning to the much cheaper cobalt-free batteries. According to Reuters, Tesla…

China Has the Secret to Fulfilling Elon Musk’s Affordable EV Pledge

boss

Tesla could reduce costs significantly by using cobalt-free batteries. Cobalt batteries are one of the most expensive components in electric vehicles. Elon Musk envisioned the Model 3 as a mass market car but it currently competes with luxury vehicles. One of the biggest factors preventing the mass adoption of electric vehicles (EVs) has been their price. Even after incentives, EVs are relatively more expensive than internal combustion engines. Tesla (NASDAQ:TSLA) could be on the verge of solving this by turning to the much cheaper cobalt-free batteries. According to Reuters, Tesla…

Mike Bloomberg’s 2020 Finance Policy Proposes Strict Bitcoin Regulations

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The 2020 U.S. Presidential candidate Michael Bloomberg addressed the subject of cryptocurrencies and initial coin offerings (ICO) in his recently published Financial Reform Policy. Bloomberg wants more “regulatory oversight” when it comes to this promising technology, claiming he sees “plenty of hype, fraud and criminal activity.” Also read: Bitcoin, Tesla Stock, Tron: How Warren Buffett Got His First Bitcoin Mike Bloomberg’s 2020 Financial Reform Policy Discusses Intensifying Crypto Regulation Michael Bloomberg, former New York City mayor and the creator of the financial news operation Bloomberg LP, recently published his Financial…

Mike Bloomberg’s 2020 Finance Policy Proposes Strict Bitcoin Regulations

boss

The 2020 U.S. Presidential candidate Michael Bloomberg addressed the subject of cryptocurrencies and initial coin offerings (ICO) in his recently published Financial Reform Policy. Bloomberg wants more “regulatory oversight” when it comes to this promising technology, claiming he sees “plenty of hype, fraud and criminal activity.” Also read: Bitcoin, Tesla Stock, Tron: How Warren Buffett Got His First Bitcoin Mike Bloomberg’s 2020 Financial Reform Policy Discusses Intensifying Crypto Regulation Michael Bloomberg, former New York City mayor and the creator of the financial news operation Bloomberg LP, recently published his Financial…