Jeff Currie – the global head of commodities research at Goldman Sachs – believes that the idea of bitcoin serving as the digital form of gold is a little misguided. In fact, he claims bitcoin is more of an alternative to copper. Jeff Currie Thinks the Idea of BTC as Digital Gold Is a Little Off For many years, we have heard the argument that bitcoin is “digital gold.” That it is a hedge tool and a store of wealth like gold is and can potentially protect one’s wealth...
Read More »China Hands Out $6.2M for Digital Yuan Tests as Russia Says CBDC are the Future
Residents of the Chinese capital will receive 40 million renminbi ($6.2 million) of the digital currency. They can use two banking apps to apply to win one of the 200,000 so-called ”red packets”, each containing 200 yuan, as part of a lottery. Simultaneously, the governor of Russia’s central bank called digital currencies the future of money. Another CBDC Trial in China In yet another attempt to test its CBDC, the Chinese officials decided to distribute 40 million renminbi...
Read More »Changpeng Zhao Calls Out Elon Musk Over His Alleged Double Standard Regarding Electricity for Crypto Mining
Changpeng Zhao – the CEO of Binance, arguably the largest and most popular cryptocurrency exchange by daily trading volume – has called out Elon Musk over his alleged lack of willingness to accept bitcoin payments for Tesla-based goods and services. Elon Musk Has Attracted Some Backlash from Zhao It appears Zhao has issues with Musk’s recent words regarding the mining process behind bitcoin. While Tesla was initially set to accept bitcoin as a method of payment, Musk...
Read More »L’activation de Taproot et la gouvernance de Bitcoin
Bitcoin évolue lentement mais sûrement. Même si aucune amélioration majeure n’a été ajoutée au protocole depuis 2017 avec SegWit, cela pourrait changer prochainement. La mise à niveau Schnorr / Taproot, développée depuis des années, devrait ainsi être verrouillée dans une poignée de jours. Schnorr / Taproot, ou plus simplement Taproot, est une modification du protocole Bitcoin ayant pour but...
Read More »Taproot, Biggest Bitcoin Upgrade Proposal Since 2017, Supported by 98% of Miners
A momentous change to the Bitcoin blockchain since 2017 depends on a consensus to sail through. Will miners achieve the minimum requirement?In 2018, George Maxwell who is both a Bitcoin core Contributor and a former technology executive at Blockstream, Blockchain technology-related company, was the first person to propose Taproot. Taproot will be deployed in November provided that 90% of all Bitcoin miners will back its proposal by August 11. However, this minimum requirement for activation...
Read More »Kraken Launches Cryptocurrency Mobile App in the US Citing High Consumer Demand
The skyrocketing demand towards cryptocurrency assets has pushed the veteran US exchange Kraken to release a mobile application in the country. In another development coming from American exchanges, Coinbase integrated its debit card with Apple Pay and Google Pay. Kraken Mobile App Arrives in the US Founded almost a decade ago, Kraken is among the latest and most popular digital asset trading platforms. The firm’s latest expansion initiative comes through a mobile application...
Read More »Guggenheim Partners’ New Fund May Seek Exposure to Bitcoin, an SEC Filing Showed
Guggenheim Partners may invest in Bitcoin and other cryptocurrency assets through its latest fund called Guggenheim Active Allocation Fund. A recent filing with the Securities and Exchange Commission revealed the giant’s plans to receive the exposure through cash-settled derivatives instruments. CryptoPotato reported last year Guggenheim’s filing in which the behemoth sought SEC approval to allocate up to $500 million in bitcoin through its Macro Opportunities Fund. The large...
Read More »I Might Buy More Bitcoin at $27K: Rich Dad Poor Dad Author Robert Kiyosaki
Bitcoin’s declining price is actually “great news” for Robert Kiyosaki – the author of the global best-seller Rich Dad Poor Dad. In a recent tweet, the investor even asserted that he might start buying again more portions of the primary cryptocurrency should the price fall to $27,000. I Might Buy More BTC at $27K: Kiyosaki The 74-year old Kiyosaki is an American businessman and author, perhaps best known for his 1997 best-seller book – Rich Dad Poor Dad. Since last year, the...
Read More »Parlons Bitcoin : Bitcoin à la vitesse de la lumière, une introduction au réseau Lightning
« Le nombre de transactions possibles sur le réseau Bitcoin est limité. C’est un choix de conception conscient qui vise à maximiser la décentralisation du réseau nécessaire à sa survie long-terme. J’explique ce choix plus bas. Le réseau Lightning cherche à adresser cette limitation. Il s’agit d’un réseau parallèle au réseau Bitcoin dans lequel le nombre de transactions n’est plus limité. Dans cet épisode, on rencontre Fanis Michalakis qui a produit la série de vulgarisation...
Read More »Tron (TRX) Price Analysis: Bulls Eyeing Fresh Run To $0.10
Tron price formed a base above the $0.0550 level and corrected higher against the US Dollar. TRX price is now trading nicely above $0.0700 and the 55 simple moving average (4-hours). There was a break above a crucial contracting triangle with resistance near $0.0740 on the 4-hours chart (data feed via Bitfinex). The pair is likely to start a steady increase towards the $0.0950 and $0.1000 levels in the near term. TRON price is showing positive signs above $0.0700 against...
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