Category Archives: Cryptocurrency
Benzinga - by Benzinga Insights, Benzinga Staff Writer.
Over the past 24 hours, Optimism's (CRYPTO: OP) price has risen 4.28% to $1.81. This is contrary to its negative trend over the past week where it has experienced a 1.0% loss, moving from $1.82 to its current price. As it stands right now, the coin's all-time high is $3.22.
The chart below compares the price movement and volatility for Optimism over the past 24 hours (left) to its price movement over the past week (right). The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.
The trading volume for the coin has decreased 33.0% over the past week, while the overall circulating supply of the coin has increased 0.24% to over 880.92 million. This puts its current circulating supply at an estimated 20.51% of its max supply, which is 4.29 billion. The current market cap ranking for OP is #41 at $1.59 billion.
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2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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Cryptocurrency Optimism's Price Increased More Than 4% Within 24 ... - Investing.com UK
Whether youre a seasoned cryptocurrency enthusiast or just dipping your toes into the unpredictable, yet exciting, realm of trading, you will no doubt be acquainted with Bitcoin, the first decentralised cryptocurrency.
The pioneering cryptocurrency that sparked a global revolution has come a long way since its inception in 2008. From humble beginnings to becoming one of the most talked-about assets in recent years, Bitcoin has captured the attention of investors and tech enthusiasts alike.
One of the key features that sets Bitcoin apart is its decentralised nature. Unlike traditional currencies controlled by central banks, Bitcoin operates on a peer-to-peer network without any intermediaries. This means that transactions can be conducted directly between users without the need for third-party involvement.
Over time, Bitcoin has gained recognition as an alternative form of currency and a store of value. Its limited supply there will only ever be 21 million bitcoins in existence adds to its appeal as an asset with potential scarcity value. As more people adopt Bitcoin and trust in its stability grows, we may see increased demand driving up its price.
Of course, it hasnt been all smooth sailing for this digital currency. Throughout its short history, Bitcoin has experienced significant volatility and faced criticism from sceptics who question its security and viability as a mainstream payment method. However, despite these challenges, it continues to thrive and evolve.
In recent years, weve witnessed increased institutional adoption of Bitcoin. Major companies have begun accepting it as payment for goods and services while investment firms have started offering cryptocurrency-related products to their clients. This growing acceptance further reinforces confidence in Bitcoins legitimacy and opens doors to new opportunities for growth.
As technology advances at lightning speed, so too does our understanding of cryptocurrencies like Bitcoin. Improved infrastructure has allowed for faster transactions and enhanced security measures, addressing previous concerns about scalability and vulnerability, with trading platforms such as Immediate Revolution 360 coming to the fore with their all-in-one approach to trading.
Bitcoin has solidified itself as not just a speculative investment but also as an alternative store of value and medium of exchange with its performance having exceeded expectations. It holds a current value of around $37,000, which, although is down from its all-time high of more than $67,000 in November 2021, is still nothing compared to its predicted value by analysts as per a recent Bernstein report.
With ongoing developments such as improved scalability solutions and regulatory frameworks taking shape around the world, the future appears promising for this digital powerhouse. As we look ahead to the future, it will be interesting to see how these trends continue into 2024 and beyond.
According to the recent report by Bernstein, Bitcoin is expected to continue its upward trajectory in 2024 and beyond. Gautam Chhugani, analyst at broker Bernstein, believes that several factors will contribute to the cryptocurrencys success and predict that its value could rise to $150,000 by 2025.
Bitcoins potential substantial growth is attributed to the U.S. Securities and Exchange Commission hopefully approving a Bitcoin exchange-traded fund (ETF) by the first quarter of 2024. In addition to this there is due to be a Bitcoin halving in April 2024, a planned recurring event which halves bitcoin rewards and will force out less fortunate miners to make way for bigger gains by surviving miners.
There are more general reasons why the value of Bitcoin may rise in coming years, and one reason is increased adoption. As more individuals and institutions recognise the benefits of cryptocurrencies, we can expect a surge in demand for Bitcoin. This growing acceptance and integration into mainstream finance could drive up prices significantly.
Another factor is its scarcity value. With a limited supply of 21 million coins, Bitcoin becomes increasingly valuable as more are mined over time. The finite nature of this digital currency sets it apart from traditional fiat currencies that can be printed endlessly. Additionally, improved regulatory clarity may fuel further growth for Bitcoin in the coming years. Governments around the world are gradually developing frameworks for crypto-assets, which could instil confidence among investors and encourage their participation in this market.
Furthermore, advancements in technology will likely have a positive impact on Bitcoins future performance. As blockchain technology continues to evolve and become more efficient, it could lead to faster transaction speeds and lower fees associated with using cryptocurrencies like Bitcoin.
While there may still be challenges ahead for Bitcoin such as volatility and scalability concerns these factors suggest an optimistic outlook for its future prospects.
Despite its rollercoaster ride over the past decade, there seems to be no stopping the rise of Bitcoin as a prominent player in our financial landscape. Its decentralised nature coupled with increasing global acceptance has propelled it into new heights year after year.
As we delve deeper into 2024 and beyond, all eyes will undoubtedly remain fixated on how this cryptocurrency performs amidst evolving regulations, technological advancements, and shifting market dynamics.
Only time will tell if these projections hold true or if unforeseen circumstances alter our expectations entirely. But one thing remains certain: whether youre an investor, a trader, or simply an observer, the fascinating journey of Bitcoin is sure to keep you on your toes.
Disclaimer: Investing money carries risk, do so at your own risk and we advise people to never invest more money than they can afford to lose and to seek professional advice before doing so.
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Bitcoin in 2024 how will the cryptocurrency fare next year and ... - Luxury Lifestyle Magazine
The Austrian subsidiary of European lender Raiffeisen Bank is preparing to allow its clients to trade cryptocurrencies like Bitcoin (BTC) in the coming months.
After initially announcing its crypto plans in April 2023, Raiffeisen Banks Raiffeisenlandesbank Niedersterreich-Wien (RLB N-Wien) is moving forward with a crypto rollout in collaboration with the Austrian crypto firm Bitpanda.
RLB N-Wien expects to start rolling out crypto trading services in Vienna in the first quarter of 2024, a spokesperson for the bank told Cointelegraph.
Raiffeisenlandesbank N-Wien has signed a cooperation agreement with Bitpanda. Via this cooperation, we plan to offer an attractive digital investment platform early in 2024, the representative stated, adding:
With the crypto rollout, RLB N-Wien users will gain access to all cryptocurrencies provided by the banks partner Bitpanda, the spokesperson said.
Bitpanda Deputy CEO Lukas Enzersdorfer-Konrad previously told Cointelegraph that Raiffeisens crypto offering would support the full range of Bitpandas digital asset offerings, which feature more than 2,500 cryptocurrencies, including Bitcoin and Ether (ETH). The exec also said Raiffeisen was willing to make the crypto trading service available to all customer segments, including retail, private banking and corporate customers.
As we announced in April, the end goal is to make our offer available to all RLB N-Wien customers. However, the rollout will begin with their customers in Vienna, a spokesperson for Bitpanda noted.
Related: Top Swiss bank launches Bitcoin and Ether trading with SEBA
Raiffeisens move into crypto is another sign of Bitcoins growing adoption, with companies like Ferrari starting to accept cryptocurrency as payment in October 2023. Raiffeisen Bank is one of the oldest banks in Europe, with the first Raiffeisen bank launching in Austrias Mhldorf in 1886. As of 30 June 2023, the Raiffeisen Group had 247 billion Swiss francs ($280 billion) in assets under management and 219 billion CHF ($248 billion) in client loans.
Magazine: 5,050 Bitcoin for $5 in 2009: Helsinkis claim to crypto fame
BlackRock, the worlds largest asset manager, has met with the U.S. Securities and Exchange Commission (SEC) to discuss its proposed spot Bitcoin ETF, according to a new filing. The company revealed more details about its product, which aims to provide investors with exposure to the actual Bitcoin cryptocurrency, rather than futures contracts or other derivatives.
According to the filing, BlackRock met with SEC staff on November 16, 2023, and presented its case for why its spot Bitcoin ETF should be approved. The company argued that its product would offer several benefits to investors, such as:
Lower costs and risks compared to futures-based ETFs, which incur higher fees, margin requirements, and rollover risks. Greater transparency and liquidity compared to private funds or trusts, which may trade at significant premiums or discounts to their net asset value (NAV). Enhanced security and custody arrangements, as BlackRock would partner with reputable third-party custodians that are regulated and audited.
Diversification and innovation opportunities, as a spot Bitcoin ETF would allow investors to access a new asset class that has low correlation with traditional markets and offers exposure to the potential of blockchain technology.
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BlackRock also addressed some of the concerns that the SEC has raised about spot Bitcoin ETFs in the past, such as:
Market manipulation and fraud, which BlackRock claimed could be mitigated by using multiple data sources, robust surveillance tools, and independent valuation methods. Investor protection and education, which BlackRock pledged to provide through clear disclosures, risk warnings, and investor outreach programs.
Regulatory coordination and oversight, which BlackRock suggested could be enhanced by working closely with other regulators, such as the Commodity Futures Trading Commission (CFTC), the Financial Industry Regulatory Authority (FINRA), and state authorities.
BlackRock is one of several companies that have filed for a spot Bitcoin ETF in the U.S., hoping to capitalize on the growing demand for crypto-related products. However, so far, the SEC has only approved futures-based Bitcoin ETFs, which track the price of Bitcoin through contracts traded on regulated exchanges. The SEC has repeatedly expressed its reservations about spot Bitcoin ETFs, citing the lack of regulation and transparency in the underlying crypto market.
It is unclear whether BlackRocks meeting with the SEC will sway the regulators stance on spot Bitcoin ETFs, or when a decision will be made. The SEC has not set a deadline for reviewing BlackRocks application, which was filed in October 2023. However, some analysts believe that the SEC may be more open to approving spot Bitcoin ETFs in 2024, as the crypto market matures, and more regulatory clarity emerges.
U.S. Treasury Secretary says if cryptocurrency exchanges want to operate in the U.S. they must play by the rules. If they do not, the U.S. government will take action. The U.S. Treasury Secretary has issued a stern warning to cryptocurrency exchanges that operate in the U.S. market, saying that they must comply with the existing regulatory framework or face the consequences.
In a speech at the Financial Crimes Enforcement Network (FinCEN) conference, the Treasury Secretary said that the U.S. government is committed to ensuring that the cryptocurrency sector does not pose a threat to the national security, financial stability, or consumer protection.
He said that cryptocurrency exchanges are subject to the same rules and regulations as traditional financial institutions, such as anti-money laundering (AML), counter-terrorism financing (CTF), and sanctions compliance.
He added that the Treasury Department, along with other federal agencies, is closely monitoring the activities of cryptocurrency exchanges and will not hesitate to take action against those who violate the law.
He said: We want to foster innovation and responsible use of cryptocurrencies, but we also want to prevent them from being used for illicit purposes. Cryptocurrency exchanges that want to operate in the U.S. must play by the rules. If they do not, the U.S. government will take action.
Meanwhile, the small Himalayan nation of Bhutan has made a bold move to embrace the cryptocurrency revolution. According to a recent report by Forbes, the Kingdom of Bhutan has spent millions of dollars building its own Bitcoin mining operation, hoping to use the profits to boost its economy and diversify its sources of income.
Bhutan is a landlocked country with a population of about 800,000 people, mostly dependent on hydropower, tourism and agriculture. However, the Covid-19 pandemic has severely affected these sectors, causing a sharp decline in the countrys gross domestic product (GDP) and foreign exchange reserves. To make matters worse, Bhutan faces a chronic trade deficit with its neighbors, especially India, which supplies most of its essential goods and services.
To address these challenges, Bhutan has decided to tap into the potential of Bitcoin, the worlds largest and most popular cryptocurrency. Bitcoin is a decentralized digital currency that operates on a peer-to-peer network of computers, without the need for intermediaries or central authorities.
Bitcoin transactions are verified and recorded on a public ledger called the blockchain, which ensures transparency and security. Bitcoin miners are the ones who perform this verification process, using specialized hardware and software to solve complex mathematical problems and earn new bitcoins as a reward.
Bhutan has invested in building its own Bitcoin mining facility, using its abundant and cheap hydropower resources to run the machines. The facility is located in a remote area of the country, away from populated centers and potential threats. The facility is also equipped with advanced cooling systems and security measures to ensure optimal performance and safety.
According to Forbes, Bhutan hopes to use the Bitcoin mining operation as a source of income and innovation for its economy. The country plans to sell some of the bitcoins it mines on the global market, generating foreign exchange and reducing its trade deficit. The country also intends to use some of the bitcoins to fund social welfare programs, such as health care, education and environmental protection.
Moreover, Bhutan aims to foster a culture of entrepreneurship and technological development among its citizens, by encouraging them to learn about and participate in the cryptocurrency ecosystem.
Bhutans decision to embrace Bitcoin is not without risks and challenges. The cryptocurrency market is highly volatile and unpredictable, subject to fluctuations in supply and demand, as well as regulatory uncertainties and cyberattacks. Bitcoin mining also consumes a lot of energy and generates a lot of heat and noise, which could have environmental and social impacts.
Furthermore, Bhutan may face opposition or pressure from other countries or institutions that are skeptical or hostile towards Bitcoin and its implications for the global financial system.
However, Bhutan is not alone in its quest to harness the power of Bitcoin. Several other countries, especially in Africa and Latin America, have also shown interest or taken steps to adopt Bitcoin as a legal tender or a reserve asset. These countries share some of the same challenges as Bhutan, such as economic instability, currency devaluation, inflation, corruption and financial exclusion. They also see Bitcoin as an opportunity to empower their people, enhance their sovereignty and integrate into the global economy.
Bhutans experiment with Bitcoin is an example of how a small country can use innovation and courage to overcome its limitations and pursue its aspirations. Whether it succeeds or fails, Bhutans venture will surely inspire other nations and individuals to explore the possibilities and challenges of the cryptocurrency revolution.
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If Cryptocurrency Exchanges Want To Operate In U.S. they must ... - Tekedia
Burgeoning interest in both established crypto coins and new cryptocurrencies is returning to the crypto landscape in November 2023 as a bull run looms. Crypto buyers are once again eyeing historically high growth coins like ETH, DOGE, and SHIB while also exploring fresh new tokens such as ApeMax, Pepe, and others. This article looks at several tokens causing a stir amongst crypto fans, while also discussing some of the newest crypto coins which have entered the space.
ApeMax is stimulating curiosity with its Boost-to-Earn model, a novel fun approach to token staking and rewards earning. Moving past the limitations of typical presales, ApeMax offers immediate token access, ensuring buyer empowerment and early engagement with the tokens utility. The presale growth of ApeMax may be indicative of the keen interest it has generated, positioning it as a new coin eliciting curiosity.
Bitcoin, the pioneer of digital currencies, has shown an impressive growth history, and a past robust market presence as it brought about technological innovation to blockchain.
ApeMax, a new coin, has seen rapid growth in its presale including its adoption by over 7,000 eligible holders and a tremendous amount of decentralized boost staking.
Ethereum, with its smart contract capabilities, has cemented its position as a key player in the blockchain ecosystem.
Dogecoin and Shiba Inu, leveraging their meme-centric appeal, have witnessed remarkable growth, underlining the influence of these meme coins and community and cultural trends in cryptocurrencies.
Pepe Coin, another meme-inspired token, has shown significant growth, tapping into the vibrant meme culture within the crypto space.
Emerging cryptocurrencies like Celestia, Skale, and Kaspa are also gaining attention for their unique technological offerings and the excitement they have created in the market.
ApeMax is distinguished by its Boost-to-Earn model, providing a fresh perspective in the meme coin sector. Its significant presale interest points to its growing place amongst new cryptocurrencies in presale, showcasing unique new features interesting to a number of eligible buyers.
Bitcoins (BTC) unparalleled growth can be attributed to its groundbreaking blockchain technology and limited supply, spearheading the cryptocurrency revolution.
Dogecoin and Shiba Inu have demonstrated the power of community support and cultural resonance in driving a tokens popularity while also advancing the meme coin segment.
The crypto market of 2023 is a colorful blend of established and emerging tokens, each displaying unique opportunities and challenges. New tokens continue to spring up and the crypto space seems filled with more innovation than ever before. However, its crucial for anyone interested in crypto to conduct thorough research and be aware of market risks before diving into cryptocurrency decisions. This article is not financial advice. Interested individuals should consult the official ApeMax website for detailed information on regional buying restrictions and to fully understand the buying eligibility rules.
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New Crypto Coins and High Growth Cryptocurrency | Analysis of ... - Analytics Insight
Solana (SOL) is a cryptocurrency that was designed to work similarly to and improve upon Ethereum. Named after a small Southern Californian coastal city, Solana is the brainchild of software developer Anatoly Yakovenko.
Yakovenko first proposed this innovative blockchain in 2017, and Solana launched in March 2020. Today SOL has become popular crypto, ranking as the 11th largest coin by total market capitalization.
Solana is a blockchain with striking resemblances to Ethereumin fact, its frequently referred to as an Ethereum killer. Like Ethereum, the SOL token can be bought on most major exchanges. The tokens actual value is in conducting transactions on the Solana network, which has rare advantages.
The Solana blockchain uses a proof-of-history consensus mechanism. This algorithm uses timestamps to define the next block in Solanas chain.
Most early cryptocurrencies, such as Bitcoin and Litecoin, use a proof-of-work algorithm to define the blocks in their chains. Proof of work uses a consensus mechanism that relies upon miners to determine what the next block will be.
However, this proof-of-work system is slow and resource-heavy, leading to the use of tremendous amounts of energy. This is one reason why Ethereum converted to a proof-of-stake system, reducing energy consumption by 99.9%.
Unlike the earlier proof-of-work mechanism, proof of stake uses staking to define the next block. Staked tokens are held as collateral by the blockchain until validators reach a consensus about the chains next block.
According to Konstantin Anissimov, chief operating officer at crypto exchange CEX.IO, Solana uses a mixture of time-tested cryptographic strategies and fresh innovations to address the shortcomings of cryptos first-wave solutions.
Powered by its unique combination of proof of history and whats referred to as delegated proof-of-stake algorithms, the main problem Solana was attempting to solve was Ethereums scalability issues. Delegated proof-of-stake is a variation of the more traditional proof-of-stake algorithm.
For those who need a refresher, the proof-of-stake mechanism is a process of transactions for creating new blocks in a blockchain using a system of validators.
Solana brings users several advantages with its delegated proof-of-stake mechanism. The history algorithm adds a layer of security to the network, says Christian Hazim, analyst at ETF provider Global X.
In essence, Solana addresses two out of three issues identified by Ethereum co-founder Vitalik Buterin in his blockchain trilemma of scalability, security and decentralization.
Even though Buterin initially claimed Ethereum would address all three aspects of this trilemma, most experts believe that it only addresses two factors: decentralization and security.
However, Solana is designed to address two parts of the trilemma: scalability and security. SOLs proof of history algorithm presents unique security for the network. While the speed with which the Solana platform performs computations allows for increased scalability.
By using a unique blend of proof of history and delegated proof of stake, Solana offers exponentially faster transaction speeds than its closest competitors, Ethereum and Cardano (ADA), at a fraction of the cost, Anissimov says by using a unique blend of proof of history and delegated proof of stake.
Unlike proof of work, which utilizes the miners themselves to define the next block in a chain, or proof of stake, which uses staked tokens to define the next block, proof of history uses timestamps in its definition of blocks for the Solana chain.
This innovative system lets validators on the blockchain vote on the timestamps of different blocks in the chain. This continues to keep the chain relatively decentralized while simultaneously allowing for more secure and faster computations.
Solana works on a combination of proof-of-history and delegated proof-of-stake protocols.
The reason for this combination of protocols, Bryan Routledge, associate professor of finance at Tepper School of Business at Carnegie Mellon University, says Solana is trying to process lots of transactions quickly.
Routledge points out that trying to process transactions quickly usually requires centralization. For example, Visa uses a huge network of computers to keep its processing speed on track. Bitcoin, on the other hand, Routledge says, processes transactions very slowly to remain decentralized.
Since the entire point of blockchain technology is to provide decentralized systems, Solana attempts to process transactions at speeds akin to a large, centralized company like Visa while maintaining the decentralization of Bitcoin. This speed allows for increased scalability since the environmental and monetary costs of Solanas systems are lower.
The speed at which blocks are added to Solanas blockchain requires additional levels of security for the blockchain. This is where Solanas proof of history algorithm comes into play. This algorithm timestamps each block in such a way that maintains the systems security.
Solanas SOL tokens are then staked and used as collateral to process transactions on the network. These transactions include everything from validating smart contracts to using Solana as a non-fungible token (NFT) marketplace.
In August 2021 came one of Solanas big breaks and more than a year later Solana launched when Degenerate Ape Academy became the first crucial NFT project on the Solana NFT marketplace. During the first three weeks of that month, Solanas price jumped from around INR 2,496 to INR 6,241 in value.
Solanas all-time high was in November 2021, when it peaked at nearly $260 during the height of the crypto bull run.
Solana and Ethereum hold some things in common, but they also have stark differences. Here is a short breakdown of where the two platforms overlap and where they diverge:
In addition, Hazim mentions its important to note that Solana Labs, Solanas technology company, is working on several interesting products. These include Solana Pay, allowing cheaper, safer and faster transactions.
Solana Labs has also launched the Solana Mobile Stack. This Android toolkit opens up the possibility for mobile expansion. Solana expects to launch its mobile phone, the Solana Saga, in early 2023.
Like most of the worlds major cryptocurrencies, SOL tokens can be traded on any number of platforms. This includes centralized exchanges like Binance.US, Coinbase, and Kraken, to name a few. In some cities around the globe, SOL tokens are even available in crypto and NFT ATMs.
After purchasing SOL tokens, investors will want to store the tokens in a crypto wallet. Unlike the name suggests, crypto wallets are not where cryptocurrencies themselves are stored. Rather, they are wallets where owners store the keys to their cryptocurrencies. These wallets can either be stored offline or online (The safest option for storage is offline with a cold wallet.)
SOL tokens also have many use cases. Among other things, they can be used for peer-to-peer payments, trading, and as an incentive to secure the Solana network as a validator.
But as with all cryptocurrencies, investors should consider speaking with a financial advisor before investing in Solana.
Cryptocurrencies are highly volatile and extremely risky investment vehicles. Investors should be certain they can afford to lose the money they invest in SOL, even if they believe in Solanas potential.
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What Is Solana? How Does It Work? Forbes Advisor INDIA - Forbes
In the dynamic realm of cryptocurrency, VC Spectra (SPCT) has seized attention, surging by an unprecedented 725% in its Stage 4 presale. Conversely, Shiba Inu (SHIB) grapples with a 17% price dip, raising concerns and prompting a downward price prediction. Lets explore the contrasting trajectories of VC Spectra (SPCT) and Shiba Inu (SHIB).
>>BUY SPCT TOKENS NOW<<
In a groundbreaking development within the DeFi space, VC Spectra (SPCT) has emerged as a top ICO and a beacon of success. Due to overwhelming demand for its token, VC Spectra (SPCT) has experienced an unprecedented 725% surge from $0.008 to $0.066 between Stages 1 and 4 of its ongoing presale.
But what could be driving such high demand for VC Spectras (SPCT) token?
Operating on the Bitcoin blockchain, VC Spectra (SPCT) functions as a decentralized hedge fund, offering investors seamless asset management and decentralized trading capabilities. The platform utilizes AI technology to identify and invest in high-potential blockchain and tech projects.
Catering to diverse investors, VC Spectra (SPCT) ensures transparency and autonomy with real-time tracking and asset control. Investors enjoy several benefits, such as quarterly dividends, an inventive token buyback program, and exclusive access to cutting-edge new ICOs.
As VC Spectra (SPCT) advances through its public presale, experts anticipate a further increase to $0.080 by the end of its presale. This upward trajectory not only highlights the platforms consistent success but also presents it as a top crypto to buy for investors seeking a reliable and profitable venture.
>>BUY SPCT TOKENS NOW<<
In recent days, Shiba Inu (SHIB) has experienced a notable surge in large transaction volume. On November 11, SHIB news revealed that a whale acquired eight trillion SHIB tokens, contributing to a substantial increase in Shiba Inus transaction volume. This surge contrasts with the 1.57 trillion SHIB recorded just three days earlier on November 8.
Despite the heightened whale activity, Shiba Inus (SHIB) price experienced a notable decline, plummeting from $0.00000951 to $0.00000809 between November 11 and November 21. This downturn equates to a substantial 17% loss for Shiba Inu investors, As Shiba Inus community grapples with market fluctuations, attention turns to the SHIB price prediction.
Analysts foresee a potential downward trajectory based on Shiba Inus price performance over the past months. The SHIB price prediction underscores concerns as experts anticipate a further drop, with projections pointing to $0.00000723 by December 3.
Buy Presale: https://invest.vcspectra.io/login
Cryptocurrency is made up by a process called mining. I would give you a detailed explanation of this process, but the important thing to know is the process does not involve mining in any way
Your 50s tend to be a time of reflection. Youre pretty sure you are more than halway through life, and start to ask what it all means.
You wonder about career choices, family relationships and why your back hurts so much all the time. Also: Why cant you be rich beyond the dreams of avarice?
This is why so many people in their 50shave succumbed to the predatory schemes and bald-faced lies of the Charles Ponzis and Bernie Madoffs and Sam Bankman-Frieds of the world.
And speaking of overly complicated financial flimflam
Cryptocurrency is a virtual currency secured by something called cryptography, which sounds both computery and James Bondy at the same time!
I know what youre thinking: Dave! Doesnt virtual mean that it is not real, its just made up, like what you write every week? First, yes in exactly the same way that money and the entire global economy is just made up. Second, thank you for reading.
To the extent that they exist at all, most cryptocurrencies live on decentralized networks using blockchain technology. Not Lego. A blockchain is basically a set of connected blocks of information on a virtual ledger. Each block contains a list of transactions that have been independently verified by each validator on a network.
Theres probably a simpler way of explaining all this, but thats kind of cryptocurrencys superpower: technical obfuscation. On the surface, the explanation makes little sense.
But then you dig deeper, and it makes no sense at all. Nevertheless, it is all safely based on the fundamental accounting principle: A fool and his money are soon parted.
Crypto refers to the various encryption algorithms and cryptographic techniques, such as elliptical curve encryption and public-private key pairs, used to protect your money from werewolves and Revenue Canada.
Dont think about it too much. The point to remember with crypto is that bigfoot, chupacabra and Taylor Swift are totally real things and want your money!
You have probably heard of Bitcoin, the most well known and successful of the cryptocurrencies (asofOct. 27, Bitcoin had a total market value of $656billion US).
There is also Ethereum ($212 billion), Tether ($84.5 billion), Binance Coin ($62.6 billion), XRP, Terra, Solana, Cardano, Avalanche CoinMarketCap reports there are currently 22,932 different cryptocurrencies, with a total market capitalization of $1.1 trillion.
So many people throwing their money here/away means it must be real!
You may be wondering, why are there so many types of cryptocurrency? Part of the reason is that blockchain technology is open source and can be developed by anyone with a computer and a pointy head. The other part is that, generally speaking, people are greedy idiots.
I dont mean you, obviously, but consider all the people you know: your friends, family, colleagues. Knuckleheads to a man, am I right? Those people should definitely not be goofing around with global economy-wrecking technology, nor handing over all their money to somebody else doing that.
Crypto aficionados point out that because cryptocurrencies are not issued by any central authority, such as the Bank of Canada or your mom, they are theoretically immune to government interference or manipulation. Also, they are a great way to buy and sell non-fungible tokens, one of the hottest topics in the Decentralized Finance space.
If you think I do not know what is meant by the Decentralized Finance space, then pay no attention to that man behind the curtain! Anyway, non-fungible tokens are a way of tracking who owns things that do not necessarily exist.
For example, expensive digital artwork.
Heres how it works: Lets say somebody uses a computer to draw a dogs bum with a hat, and names it after my mother-in-law, Margaret. Using blockchain technology, the artist can label a single digital instance of the artwork and sell it to you!
Anyone can look at Margaret online, but the non-fungible token proves Margaret is all yours. Doesnt the empress look great in her new clothes?
Cryptocurrency is made up by a process called mining. I would give you a detailed explanation of this process, but the important thing to know is the process does not involve mining in any way. Its really just hot computer homework. I mean that literally.
Here in British Columbia, B.C. Hydro had to impose an 18-month suspension on new cryptocurrency mining, an energy-intensive process involving computers and chupacabras and whatnot.
Cryptocurrency mining just takes too much of our electricity for too few people hunting for El Dorado. Reminder: We need that electricity to heat our homes, charge our electric cars and toothbrushes, power industry and generally keep the lights on. Reminder: El Dorado is not a real place, and never was.
Which brings us to our 50-something problem. My wife and I have always tried to manage our monthly finances by following two principles:
1. Spend a little, save a little, give a little.
2. Dont spend more than you earn.
We have done fine over the years. We are wealthy by world standards and have no real wants. Except for the part about being really filthy stinking rich.
For that, let me suggest one more principle to follow (as soon as B.C. Hydro lets us start mining operations again):
3. BUY DAVECOIN! BUY DAVECOIN NOW!
A representation of cryptocurrency bitcoin is seen in front of a stock graph and U.S. dollar in this illustration taken, January 24, 2022. REUTERS/Dado Ruvic/File Photo Acquire Licensing Rights
Nov 16 (Reuters) - Bitcoin dropped 4.94% to $36,007 at 2117 GMT on Thursday, losing $1,870 from its previous close.
Bitcoin, the world's biggest and best-known cryptocurrency, is down 5.2% from the year's high of $37,978 on November 9.
Ether , the coin linked to the ethereum blockchain network, dropped 4.86 % to $1,959.8 on Thursday, losing $100.2 from its previous close.
Reporting by Jose Joseph in Bengaluru; editing by Jonathan Oatis
Our Standards: The Thomson Reuters Trust Principles.
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Bitcoin falls 4.94% to $36007 - Reuters
Cryptocurrency market retreats after recent rally, Bitcoin and Ethereum slip By Investing.com – Investing.com
NEW YORK - The cryptocurrency market is experiencing a downturn following a period of substantial gains, with leading digital currencies (BTC) and (ETH) facing declines. After reaching a peak market capitalization of $1.4 trillion, the sector is showing signs of a pullback.
Bitcoin, which recently saw its price climb, has reversed its gains, currently trading at $36,656.75. This represents a significant drop of over 15% within the past week. Analysis from Santiment points to a decrease in transaction volume and an increase in the Market Value to Realized Value (MVRV) ratio, suggesting that the price may have been overvalued. Despite the bearish momentum indicated by technical indicators such as the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI), the Chaikin Money Flow (CMF) remains above zero, signaling some optimism.
Ethereum initially surged above $2,000 but has since retreated to $1,959.51, reflecting a drop of more than 4% in seven days. The downturn comes despite signs of continued interest in Ethereum's futures markets, as evidenced by a positive funding rate and Taker Buy Sell Ratio. The Korean investment sentiment has been low, as reflected by the Korea Premium Index.
Meme cryptocurrencies are mirroring the losses seen across the broader market. (DOGE) and (SHIB) have seen their values fall by up to 7%. The decline in these popular coins further underscores the current market trend.
The overall sentiment in the cryptocurrency market is currently 'greedy,' according to the Fear and Greed Index which stands at 69. However, with trading volumes dropping by 40% and key technical indicators signaling bearishness, there is an anticipation of continued slow movement in the near term. Major wallets have reportedly shed over 50k BTC post-rally, contributing to the decline in transaction volume.
As investors and traders navigate this volatile landscape, they will be closely monitoring these metrics and analyses to gauge future movements within the cryptocurrency market.
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