Day: December 4, 2020

‘Ethereum only’ investors are growing, according to Grayscale

boss

Bitcoin (BTC) got many investors hooked on crypto, but it’s Ethereum’s Ether (ETH) that’s beginning to garner more attention, according to Grayscale.  In a phone interview with Bloomberg, managing director Michael Sonnenshein said 2020 has seen a significant rise in “Ethereum only” investors, underscoring the asset’s growing appeal beyond the development community. He said: “Over the course of 2020 we are seeing a new group of investors who are Ethereum first and in some cases Ethereum only. […] There’s a growing conviction around Ethereum as an asset class.” Grayscale manages…

The Best Bitcoin and Blockchain Stock's Now!

boss

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io We Help You profit off hedge fund insiders & their new positions daily, with alerts direct to your phone, before the public can react. 📈Currently in Beta signup here: 🔥 One of our new trader’s made $1,400 the same day after receiving an early new position text alert direct to his phone. Hit us up on Social! 📞 🚀 Twitter 😎 Instagram: 🧨 LinkedIn: 🔊 Facebook – 📌Cheer Yourself Up by Supporting the Channel Below: 🎁 Cash App – $iambull 🎁 Venmo…

Here’s why Bitcoin is like ‘Lebron James,’ according to MicroStrategy CEO

boss

In an interview with economist Marc Friedrich, MicroStrategy CEO Michael Saylor said that Bitcoin is not the same as it was in 2015 or 2017. According to Saylor, the arguments against Bitcoin (BTC) that were relevant four years ago are no longer applicable. Bitcoin monthly chart (Coinbase). Source: TradingView.com How is Bitcoin like Lebron? Bitcoin has grown exponentially since the 2017 peak in terms of infrastructure, fundamentals and adoption. In the past year, institutions have started to increasingly see BTC as a store of value and an inflation hedge. In…

Michael Casey: Bitcoin vs. Gold Is a Battle of Narratives

boss

One reason I feel privileged to write about digital money is the ideas and technologies it seeks to disrupt aren’t just a few years or decades old. They date back centuries, even millennia. Like gold, for example.  As bitcoin’s price has soared to new all-time highs and a parade of big-name investment professionals such as BlackRock CEO Larry Fink and hedge fund legend Stanley Druckenmiller have talked up its prospects as a provably scarce store-of-value, a war of words has sprung up between gold bugs and bitcoin fans.  Peter Schiff,…

New threats to self-custody take shape in the US, Nov. 27-Dec. 4

boss

Every Friday, Law Decoded delivers analysis on the week’s critical stories in the realms of policy, regulation and law.  Editor’s note For several weeks, rumors have circulated in the U.S. that the Treasury under Steven Mnuchin is planning some sort of rulemaking to ban or severely restrict self-hosted cryptocurrency wallets.  The Treasury hasn’t made any public statements to support these rumors, but they are persistent and pervasive enough to be worth paying attention to. In the broader cycle of financial news, Secretary Mnuchin is currently under a lot more scrutiny…

Blockchain Bites: Price Point! Bitcoin at $50K? $60K? $318K?

boss

Traders have begun unwrapping tokenized bitcoins. The U.S. Treasury Department will keep a vigilant eye on digital innovations. And trading volumes on OKEx have plummeted.  Top shelf Forced burnRipple Chief Technology Officer David Schwartz tweeted the community could force the burning of billions of the protocol’s XRP native tokens held in escrow to prevent the drop in price that would likely occur should those billions in frozen tokens ever flood the market. On Dec. 2 a Twitter user asked the CTO, “If Nodes, validators and the community at large got…

BEARISH ALERT 🚨IS BITCOIN BULLMARKET OVER?!! ETHEREUM CRASH TO $0?! WHAT?!? WHY?!?

boss

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io 🚨BITCOIN ALERT🚨BITCOIN DUMPED A BIT! WAS $16K BITCOIN THE TOP?! ETHEREUM IS BEING CALLED THE MOST BEARISH CRYPTOCURRENCY! WILL ETHEREUM HIT $560 or $0? In todays bitcoin news and ethereum news video i give you a realistic view of the crypto market, i talk about the latest in the crypto news with news from CZ Binance and CNBC FAST MONEY!! In todays video we do bitcoin price analysis, ethereum price analysis, bitcoin news, ethereum news and altcoin analysis and altcoin news!! We…

Buterin Wants Ethereum 1.0 Gas Fee Upgrade Despite Beacon Chain Going Live

boss

Ethereum co-founder Vitalik Buterin thanked everyone involved with the beacon chain upgrade, which went live yesterday. After years in the making, Ethereum’s proof-of-stake concept is finally a reality. Congrats on the launch all! — vitalik.eth (@VitalikButerin) December 1, 2020 Beacon chain, or Phase 0, represents the first step in a long journey to transition into a proof-of-stake consensus mechanism. With that, Buterin also tweeted a revised roadmap detailing this journey. “The roadmap I made back in March updated with (very rough and approximate!) progress bars showing what has been done…

$50k is Bitcoin’s Resistance in 2021, $10k is BTC’s Support – Report

boss

Quick take: Bloomberg’s Crypto Outlook report for December forecasts a $50k resistance level for Bitcoin in 2021 This will bring its market cap to $1 Trillion $10k will be Bitcoin’s support next year after serving as a resistance in 2017 Bitcoin’s adoption is increasing and thus providing a firmer foundation for BTC Bitcoin might stall between $19k and 20k in the short term The team at Bloomberg has released their Crypto Outlook report for the month of December. According to the report, the $50,000 price zone will most likely be…

‘Nobody’s going to ban Bitcoin’

boss

Brian Brooks, the head of the Office of the Comptroller of the Currency, said regulators are not looking to “kill” Bitcoin (BTC) but instead ensure its smooth integration into the financial system.  In an interview with CNBC’s Squawk Box on Friday, Brooks said: “We’re very focused on getting this right. We are very focused on not killing this, and it is equally important that we develop the networks behind Bitcoin and other cryptos as it is that we prevent money laundering and terrorism financing.” The Office of the Comptroller of…