When some folks claim they’re into cryptocurrencies because of the thrill of the blockchain… well, they’re lying for the most part. Or at the very least not revealing everything. All things aside, it’s about the profits. How can I make money? How can I do it fast? How can I do it legitimately and securely?Whereas media sources nowadays bombard their readers and viewers with a zillion ways to make a quick buck by trading, exchanging, and investing into cryptocurrencies, there exist other, more...
Read More »Cryptocurrencies Work Thanks to Key People, Not Blockchains
The outsiders may believe fancy Telegram graphs showing Bitcoin‘s decentralization levels and metrics. However, many of that stats supply data from a parallel reality. Because you cannot claim full decentralization when the majority of the industry is maintained by the same three to five companies. The will of the investors, not the cyberpunk spirit, changes the price of coins or destroys companies.There are at least seven influential people in the crypto space, including investors and...
Read More »Metaverse to Accelerate Blockchain Adoption with Lightning Networks for Merchants
Blockchain networks have been plagued by slow transaction speeds and limited block times since their inception. Although many projects have tried to increase the transactional capacity of blockchain networks, there have been few functioning solutions that do not compromise on security or decentralization as a result. Solving the issue of scalability is essential if blockchain-based payment networks are to compete with traditional payment processors, such as the Visa network, which can process...
Read More »#773 BTC unter 7k, Peter Schiff glaubt BTC Halving irrelevant & Bitfinex Tether Skandal geht weiter
Hey Krypto Fans, willkommen zur Bitcoin-Informant Show Nr. 773. Heute sprechen wir über folgende Themen: Bitcoin rutscht unter 7.000 US-Dollar, Peter Schiff sieht kommendes Halving als irrelevant an & Prozess um Bitfinex und Tether geht in die nächste Runde. 1.) Bitcoin rutscht unter 7.000 US-Dollar, Anzahl der Long-Positionen nimmt trotzdem zuhttps://de.cointelegraph.com/news/bitcoin-price-drops-under-7k-but-longs-soar-after-68k-bounce 2.) BTC am Ende? – Peter...
Read More »Two Bitmain’s Subsidiaries Get over $1M in Assets Frozen by Court
Beijing-based Bitmain Technologies Ltd. had a pretty rough year. Even though the company is still among the key players in China, its market share by hash rate has fallen from ~70% in June to ~66% now. In June 2017, Bitmain’s own data (via Frost and Sullivan) showed that it had a market share of around 75%.Christopher Bendiksen, head of research at CoinShares and Samuel Gibbons, the research analyst said that Bitmain needs fresh capital in order to fix a series of self-made damages caused by...
Read More »New Bitcoin.com CEO Lists HEX Scam Token ‘Just Out of Spite’
Newly appointed exchange CEO lists controversial scam token. The move stems from long-running tensions between rival factions within the cryptocurrency world – namely Bitcoin (BTC) and Bitcoin Cash (BCH) supporters. BCH supporters worry associating with HEX will come back to bite them. The CEO of Bitcoin.com decided to list the controversial HEX (HEX) token “just out of spite” for bitcoin maximalists. That’s according to a screen grab from Bitcoin.com CEO Stefan Rust’s social media account,...
Read More »Ethereum 2.0 Could Be Launched on July 30, 2020
While there really isn’t anything too definite about a release date for the new Ethereum 2.0 upgrade, there’s a strong enough suggestion by an insider. Ethereum Foundation core researcher and Ethereum 2.0 contributor Justin Drake started a GitHub discussion on Saturday about when Ethereum 2.0 should be launched.On the official Ethereum repository, Drake began the thread by saying:“(For discussion.) July 30, 2020, is Ethereum’s fifth anniversary, a natural candidate schelling point for...
Read More »Will the Payments Sector Unite or Divide over Cryptocurrency Adoption?
Traditional payment companies seem to be taking vastly different approaches to cryptocurrencies. Earlier this year, it seemed like PayPal was about to blaze a trail in the space by working with Facebook on Libra, although it later pulled out. Elsewhere, more forward-thinking firms like Revolut and Skrill have embraced crypto, while Monzo has issued a firm “no,” and Stripe has backed away.So, what exactly is going on in this tumultuous relationship between payment firms and cryptocurrencies,...
Read More »Is There a Possibility that Bitcoin Would Crash to $1000?
Since Bitcoin is picking up footing in the prevailing press, numerous doubters and business analysts have guaranteed that the crypto space takes after the Dot-com blast and downturn in the early years.Bitcoin is exchanging simply above $7,000, 70% lower than its ATH while reliably recording BTC strength at 70%. As indicated by an exhaustive investigation, the long term Bitcoin could drop to $1,000 which shows comparative examples for the NASDAQ dot-com bubble. A bounce-back can give a...
Read More »Easing Trade Tensions Could Crash Bitcoin Further as Stocks Steal the Spotlight
Institutional investors could give bitcoin a last-minute ditch after positive developments in the ongoing U.S.-China trade war. Capital is moving out of haven assets like gold and the Japanese yen to join risk-on markets. The bull run in stocks could continue in 2020. Easing trade tensions between the United States and China is making bitcoin a less-attractive haven asset for investors. The benchmark cryptocurrency has fallen by roughly 20%, or $1,700, since Oct. 11 – the day Donald Trump...
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