A new proof-of-concept for a Secret Monero Bridge has become public. Through this effort, there may be a bridge between Secret Network and Moenro in the future. Users who value privacy will want to pay close attention to this idea and its – hopefully – completion later this year. The Secret Monero Bridge Explained Although the name may be a bit misleading at first, the proof-of-concept is genuine. Developers attempt to create a connection between Secret Network and Monero, two… Source link
Read More »Monthly Archives: March 2021
Why Tesla’s decision to accept bitcoin as payment is unlikely to be followed by other companies | Currency News | Financial and Business News
NurPhoto/Getty Images Elon Musk announced this week Tesla has begun to accept bitcoin as payment for all models of its cars in the US. From a transactional perspective, the billionaire’s crypto-related announcements have been game-changing for bitcoin. That is quite evident from statistics showing crypto-related keyword searches on Google such as “invest in bitcoin” and “how to trade crypto” have seen more than a 1,015% jump in search volume since January alone, according to data from… Source link
Read More »At what Bitcoin price will Satoshi Nakamoto become the world’s richest person?
It is estimated that Satoshi Nakamoto, the creator of BTC, will become the world’s richest person if the price of Bitcoin (BTC) hits approximately $182,000. As of March 2021, Amazon founder Jeff Bezos is the richest person on earth with a net worth of $181.6 billion. Elon Musk, the CEO of Tesla, is a close second at $163.7 billion, owning more than 20% of the electric car maker. How much BTC does Satoshi Nakamoto have? Satoshi Nakamoto, the creator of Bitcoin, released the Bitcoin whitepaper… Source link
Read More »3 IPO Stocks That Could Outperform Bitcoin
Bitcoin (CRYPTO:BTC) stands as one of the best-performing assets of all time, and the market-leading cryptocurrency has rallied roughly 700% over the last year to hit a price of roughly $54,000 per coin. As impressive as the cryptocurrency’s recent gains have been, there are stocks that could significantly outperform Bitcoin from here on out — and companies fresh off their initial public offerings (IPOs) are a good starting point if you’re willing to… Source link
Read More »Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – March 27th, 2021
Ethereum Ethereum rallied by 7.13% on Friday. Following on from a 0.32% gain on Thursday, Ethereum ended the day at $1,700.10. A bearish start to the day saw Ethereum fall to an early morning intraday low $1,586.81 before making a move. Steering clear of the 23.6% FIB of $1,579 and the first major support level at $1,550, Ethereum rallied to a late intraday high $1,700.70. Ethereum broke through the first major resistance level at $1,624 and the second major resistance level at $1,660. Resistance… Source link
Read More »Legendary Investor Warns Bitcoin Ban ‘Likely’ As Price Suddenly Soars Toward $60,000
Bitcoin has soared back after losing ground earlier this week, climbing toward its all-time high price of over $60,000. The bitcoin price hit an all-time high of around $62,000 per bitcoin earlier this month—more than double where it began the year—but has since fallen back, despite Elon Musk’s Tesla bombshell this week. Now, the billionaire founder of the world’s largest hedge fund and legendary investor Ray Dalio has warned he thinks there’s a “good probability” bitcoin will… Source link
Read More »Argo Blockchain and DMG look to mint first-ever ‘green bitcoin’ with launch of clean energy mining operation | Currency News | Financial and Business News
The bitcoin price has soared in 2021 NurPhoto/Getty Images Cryptocurrency firms DMG Blockchain Solutions and Argo Blockchain are launching what they say will be the world’s first bitcoin mining pool powered by clean energy in an attempt to better manage the impact of bitcoin mining on the climate. The mining operation aims to mint the first “green bitcoin”. DMG and Argo Blockchain announced on Friday the launch of Terra Pool. It will initially consist of both DMG’s and Argo’s… Source link
Read More »Pro traders close Ethereum longs even after today’s $1.15B options expiry
Ether (ETH) rebounded from a $1,550 low on March 24, which marked a 17% fall from the $1,870 weekly high. Even though the $1.15 billion options expiry in the early hours of March 26 could have pressured Ether price, the continuing surge in gas fees for Ethereum transactions likely played a part. To better assess these forces, one should analyze top traders’ exposure using data provided by the largest crypto exchanges. If the case for the options expiry holds, the long-to-short data from… Source link
Read More »Bitcoin’s limited real-world use and extreme volatility show its recent surge is still a speculative bubble, UBS Global Wealth Management says | Currency News | Financial and Business News
Bitcoin replica coins are seen on November 13, 2017 Jaap Arriens/NurPhoto via Getty Images UBS Global Wealth Management said it is “unconvinced” bitcoin’s recent rise is different from previous speculative bubbles. UBS’s chief investment office said in a note on Friday that speculation in bitcoin is a “gamble.” The team argued bitcoin’s “limited real world use” and “extraordinary price volatility” makes for a poor investment. Sign up here for our daily newsletter, 10 Things Before the… Source link
Read More »Venture-Backed Ethereum Project Optimism Delays Launch – Yahoo Finance
Bloomberg A Week After Brazil’s Bold Rate Hike, Traders Ask for More (Bloomberg) — It took just over a week for Brazil’s traders to look past the central bank’s guidance and ask for even more rate hikes.Despite the larger-than-expected increase at the last meeting, the market is now pricing in a full-point hike for May, ignoring an already hawkish pledge from the bank to raise rates by another 75 basis points. The worsening of the pandemic, investors say, may lead the government to… Source link
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