Day: June 22, 2022

Dogecoin Price Jumps As Elon Musk Reiterates Support For Meme Crypto At Qatar Forum

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Dogecoin, one of the most popular parody coins in the crypto market, is on a tear today. The crypto was up 13% at the time of publication. The move comes as Tesla CEO Elon Musk repeated his support for cryptocurrency on Tuesday at the Qatar Economic Forum in Doha. Musk stated at the Qatar Economic Forum that he buys and backs it because people “who are not that wealthy” have requested him to, according to Bloomberg News. Suggested Reading | Celsius (CEL) Price Scorches To 130% Rally Despite Frozen Network Accounts…

Most Profitable Cryptocurrency to Mine ⛏ January 2022 🤑

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io This is a monthly segment where we review the top cryptocurrencies to mine for the previous month. Allowing us to use the data to help determine what might be the top cryptocurrency coins to mine in the future. However, I always ask for the community’s thoughts and help. Let me know yours in the comments below. How to Mine Ethereum – 2021: 🔥🔥You can help support the channel with the below links, and I also take crypto donations through Coin Tree:🔥🔥 👉…

Crypto influencers allegedly weaponize conspiracies to fleece QAnon followers

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Two QAnon-affiliated conspiracy theorist influencers allegedly caused their followers millions of dollars in losses by running a cryptocurrency pump-and-dump scheme. The pair reportedly persuaded their thousands of followers to invest in a portfolio of cryptos, presenting a misleading mix of conspiratorial and genuine content along with claims about institutions backing the tokens to generate hype and raise the price of the portfolio. The allegations are included in an investigation by Logically, a group of data scientists and developers. It reported the two influencers running the Telegram channels “WhipLash347” and the…

USDC’s ‘real volume’ flips Tether on Ethereum as total supply hits 55.9B

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USD Coin is taking a run at the title of the top stablecoin in crypto after its daily ‘real volume’ on the Ethereum network doubled that of Tether’s USDT on Tuesday.  According to crypto market data tool Messari, Circle’s USDC posted $1.1 billion in daily real volume on the Ethereum network on June 21, which was double USDT’s real volume of $579 million. Messari’s real volume metric is calculated by compiling data only from exchanges that it believes have “significant and legitimate crypto trading volumes” and thus differs to the…

SKYBRIDGE CAPITAL FOUNDER DOUBLES DOWN ON 6-FIGURE BITCOIN PREDICTION – EXPECTS $500K LONG-TERM!!

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io 💰 Earn Free Crypto on every trade over $10 with FTX US: Use Code: cryptonews 💰 Get $100 in FREE Bitcoin from iTrust Capital: (Sponsored) 1. Register here: 2. Confirm your email. 3. Fund your account. The founder of Skybridge Capital, Anthony Scaramucci, has doubled down on his $100K Bitcoin price prediction. He also believes that the king cryptocurrency (BTC) could reach $500K a coin in the long run. “But if you’re willing to zoom out and look at the long term…

Blockchain isn’t as decentralized as you think: Defense agency report

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Distributed ledger technology (DLT) and blockchains including Bitcoin and Ethereum may be more vulnerable to centralization risks than initially thought, according to Trail of Bits.  The security firm on Tuesday released its report titled “Are Blockchains Decentralized?”, which was commissioned by the U.S. Government’s Defense Advanced Research Projects Agency (DARPA). The report aims to investigate whether blockchains including Bitcoin and Ethereum are truly decentralized, though the report appeared to focus largely on Bitcoin. Among its key findings, the security firm found that outdated Bitcoin nodes, unencrypted blockchain mining pools and…

Cardano (ADA) Moved Upwards After Consolidation, What To Expect Next?

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Cardano showed an uptrend after it was trading laterally, the coin has now settled above the $0.47 support mark. Over the past week, the coin gained 7.2% but over the last 24 hours ADA lost 1% of its market value. After the consolidation, the coin targeted its immediate resistance mark. If the coin continues to remain at the current price level then bulls can be back in the market for a longer time period. The buyers also seem to be back in the market which has pushed ADA to show…

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Plan B’s Stock-to-Flow Price Model Denounced by Vitalik Buterin, Says Model Can Be ‘Harmful’ – Bitcoin News

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For a few years now, the pseudonymous creator of the popular stock-to-flow (S2F) bitcoin price model, Plan B, has become a very well known bitcoin influencer gathering 1.8 million Twitter followers. However, after the S2F price model didn’t come to fruition and dropped well below the price targets in 2022, Plan B and his price model have been criticized a great deal. On Tuesday, Ethereum’s co-founder Vitalik Buterin denounced the S2F price model and said “financial models that give people a false sense of certainty” can be “harmful,” and they…

Twitter board recommends shareholders vote for Elon Musk’s takeover

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The Twitter board has unanimously recommended that shareholders vote in favor of Elon Musk’s takeover of the social media giant. Twitter’s board of directors initially accepted the $44 billion takeover bid at $54.20 per share in late April, and shareholder approval is the final hurdle to the deal going through bar any potentially erratic antics from Musk. According to a June 21 U.S. Securities and Exchange Commission (SEC) filing, Twitter’s board of directors unanimously determined that the “merger agreement is advisable” and have called on shareholders to vote in favor…