Ethereum Surges Against Bitcoin as Bulls Try to Spark Price Discovery

Ethereum has seen some immense turbulence throughout the past few days and weeks, with buyers and sellers both vying to gain control of its price action The cryptocurrency has been unable to gain any clear trend, with buyers keeping it stable between $1,200 and $1,400, while sellers continue guarding its all-time highs It has now tested, and broken above, its all-time highs from late-2017 on three occasions, but each one has been met with massive selling pressure This could indicate that bulls are bound to see further near-term downside unless…

Bitcoin For Corporations Will Bring In Billions in Investments (Michael Saylor 2021)

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Michael Saylor 2021 – Bitcoin For Corporations Will Bring In Billions in Investments MicroStrategy is the first publicly-traded company to invest significant treasury assets in Bitcoin. MicroStrategy Chairman and CEO Michael Saylor, is organizing a bitcoin conference, in order to accelerate corporate adoption & facilitate the development of best practices, MicroStrategy will make publicly available certain documents & information that it used in implementing Bitcoin as a primary treasury reserve asset so that other firms interested in adopting a Bitcoin strategy can…

Detailed Look into WaCo Technology

Since its launch in January 2009, the blockchain has moved past its initial use to secure the Bitcoin cryptocurrency. It is now recognized as the most secure and reliable means of storing and validating data. The main benefit of using the blockchain is that data is not hosted in any central location. It moves away from the centralized model that has dominated the internet to a decentralized model of storing data. The WaCo project uses a blockchain to store and validate data ValueGo® a patented solution, which helps to eliminate…

Frances Coppola: Rethinking Bitcoin’s Scarcity

Among Bitcoin’s principal tenets is the idea that its baked-in scarcity makes it valuable. Bitcoin’s algorithmically determined rate of increase certainly makes it scarce when demand for the bitcoin cryptocurrency is rising, though not so much when it is falling. Furthermore, the fact that the algorithm provides for bitcoin’s supply to stop increasing about 120 years from now means that its supply is finite. Unless the code is changed (and that raises questions about what “Bitcoin” even means), there can never be more than 21 million bitcoins.   As I will…

👍Fast Bitcoin mining software for home mining

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Robinhood suspends buying for GameStop following stonks going ‘to the moon’

Reports are coming in this morning that trading app Robinhood has suspended trading for GameStop stock and others after GME’s price surged in a Bitcoin-like parabolic rally.  Unless you’ve been living under a rock, you’ll know that average Redditors proved their investing power going up against major Wall Street traders short-selling GameStop stock. Largely fueled by small-time investors pushing back against large hedge funds, the price of the stock has risen more than 1,400% from roughly $20 on Jan. 12 to $358 at time of publication. Purportedly in response to…

GME Stock Lost 16% in Pre-Market, GameStop Rally Forces Hedge Funds to Take Exit

GameStop (GME) has baffled Wall Street with its recent move as the investors from the Reddit community behind the price pump have forced big hedge funds to square off their short positions. The Reddit community r/WallStreetBets behind the ongoing short squeeze of the GameStop stock (NYSE: GME) is just refusing to give up. GameStop (GME) stock was down 16% in Thursday’s pre-market session and reached the level of $292.02. The stock is slightly up as the market opened trading at $347.51. The stock movement has created a huge uproar leaving…

WallStreetBets Reddit Group: What Is It?

Even after Cohen joined the board and the stock price began to rebound, a handful of hedge funds and other institutional investors continued to short-sell GME stock. This was likely an attempt by large players to out-muscle amateur traders and induce panic selling. The WallStreetBets Reddit community saw this as an opportunity to push back against the financial elite and decided to whip up a buying frenzy in the hopes of creating a major short squeeze. A short squeeze might sound complicated but it’s actually a relatively straightforward process. When…

Bitcoin and Ether Market Update January 28, 2021

Total crypto market cap erased $52 billion from its value for the period since Monday morning and now stands at $937 billion. The top ten coins are all in green for the last 24 hours with Chainlink (LINK) and Polkadot (DOT) registering 9.4 and 6 percent of increase respectively. At the time of writing bitcoin (BTC) is trading at $31,480 on the Bitstamp daily chart, ether (ETH) dropped to $1,297. BTC/USD Bitcoin was trading in the wide range between the weekly resistance at $33,000 and the lowest candle close on…

DeFi liquidity pools, explained

The simplest version of a DeFi liquidity pool holds two tokens in a smart contract to form a trading pair. Let’s use Ether (ETH) and USD Coin (USDC) as an example, and to make it simple, the price of ETH can be equal to 1,000 USDC. Liquidity providers contribute an equal value of ETH and USDC to the pool, so someone depositing 1 ETH would have to match it with 1,000 USDC. The liquidity in the pool means that when someone wants to trade ETH for USDC, they can do…