If you think the stock market’s rise has been impressive, wait until you see how Bitcoin has performed. Bitcoin’s rise has certainly been a remarkable one. In only 12 years, this cryptocurrency has gone from having no monetary value to surging above $60,000 for a brief period. And for investors who got in during the early days and have held on, the returns have been absolutely remarkable. While we obviously can’t go back in time, it can be fun to look at the amount of money made by those with… Source link

Ethereum’s capabilities could eventually overshadow Bitcoin. Two words sum up Mark Cuban’s love for Ethereum: Smart contracts. Smart contracts, also known as self-executing contracts, are behind two of the biggest investment trends that have taken off this year: Non-fungible tokens (NFTs) Decentralized finance (DeFi) applications And Cuban thinks they are only the start. Thanks to smart contracts, Cuban believes Ethereum, the world’s second-biggest cryptocurrency, can overshadow Bitcoin. That’s… Source link

Major changes are coming to the Ethereum network. Alessandro Bianchi/Reuters Ether has soared to record highs, in part because of growing interest in the Ethereum network. But major changes are coming to the blockchain, which some investors say could send ether higher. Developers are overhauling how fees work and plan to make it much more environmentally friendly. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Ether – the world’s second-biggest… Source link

Back in January, when the world’s second-largest cryptocurrency by market cap, ethereum, was trading at just over $1,200, one investor made the bold call of predicting a spike to the mid-$3,000 level, claiming it was being “overlooked” by investors. Just under five months later, that prediction has already hit with ethereum (ETH-USD) up roughly 400% on the year to cross the $3,500 mark as of Friday afternoon. Now, that same investor, Megan Kaspar, co-founder of the digital asset investment… Source link

Bad news became good news on Friday for risk assets from stocks to bitcoin. The U.S. economy added 266,000 jobs in April, missing estimates of a 1 million gain. The weak jobs report reinforced expectations of continued easy money policy at the Federal Reserve, which sent bitcoin (BTC) higher by about 2% over the past 24 hours. The S&P 500 and Nasdaq also ended the day in the green while safe havens such as Treasury bonds sold off.  The April jobs miss suggests a fragile economic recovery,… Source link

Ethereum classic (ETC), the not-really-like-ether (ETH) sibling of the Ethereum blockchain’s native cryptocurrency, is on track for the best weekly performance in its four-year history, with prices nearly tripling since Sunday.  ETC/USD trading pair on Kraken.Source: Kraken, TradingView Analysts in the digital-asset market say the price move likely reflects a speculative fever among retail traders rather than deeply informed bets on the Ethereum Classic blockchain’s future technological… Source link

Shares of Square are up more than 6% today after the American fintech company reported a staggering $5.06 billion in revenue in its Q1 2021 earnings report, far ahead of an expected tally of $3.36 billion. By posting the huge revenue beat, Square grew 266% compared to its year-ago Q1. Because that’s the sort of growth that we generally expect to see from early-stage startups instead of maturing public companies, some exploration is in order. In short, bitcoin revenues… Source link

Various cryptocurrencies have noted strong uptrends over the past few weeks. Whereas some currencies got more attention than others, Monero has kept on gaining value. A new all-time high XMR price remains within reach thanks to prominent ecosystem developments. Monero Blows Past $500 It is always interesting to see how individual cryptocurrencies perform. Not every project receives the attention it needs or deserves in this industry. Monero is a project few people seem to talk about, yet… Source link

Bitcoin was trading sideways on Friday, even as gold rallied to three-month highs amid a renewed drop in U.S. real (inflation-adjusted) bond yields.  The cryptocurrency was changing hands for $56,500 at 11:00 UTC, continuing a week-long consolidation in the range of $52,000 to $59,000, according to CoinDesk 20 data. Gold, a traditional store-of-value asset, rose to $1,820 per ounce, the highest level since Feb. 16. The move came a day after the U.S. 10-year real yield fell to a three-month… Source link

Wall Street is now in the Bitcoin game. On Tuesday, one of the world’s most important trading bodies announced it was creating a suite of indexes that would track cryptocurrencies. The move by S&P Dow Jones Indices follows other major developments mainstreaming Bitcoin, such as when the NFL’s No. 1 draft pick put his entire multimillion-dollar signing bonus into crypto last week and when no less than Sotheby’s announced this week that it will accept cryptocurrencies in an upcoming auction.