Bitcoin’s strongest narrative is “digital gold.” Investors buy it not out of an expectation that it will behave like gold behaves in the market today, but that it will some day take on the historic importance that gold has held across cultures and ages. My colleague George Kaloudis recently reminded me that there’s one important aspect in which bitcoin will never be like gold: In a vault or in the ground, gold will always be gold; bitcoin, however, is a technology, and a technology… Source link

El Salvador’s President Nayib Bukele delivers his annual address to the nation before Congress, in San Salvador on Tuesday. On Saturday, Bukele said he will propose legislation that would make Bitcoin legal tender. Salvador Melendez/AP hide caption toggle… Source link

Tesla TSLA billionaire Elon Musk, after helping the bitcoin price reach never-before-seen highs this year with a $1.5 billion bet on bitcoin, appears to have abandoned the cryptocurrency for ethereum and meme-based dogecoin. “I pretty much agree with Vitalik,” Musk posted to Twitter this week, replying to a wide-ranging YouTube interview with the ethereum cofounder Vitalik Buterin by AI researcher and podcaster Lex Fridman. In the interview with ethereum’s de facto leader, Fridman… Source link

Reuters ‘Reef stars’ promote new growth in Bali’s dying coral ecosystem Using a snorkel and protective gloves, Pariama Hutasoit dives down into the clear waters off the Indonesian island of Bali to pull away plastic from a “reef star” installed by her conservation group to encourage new coral growth. The Nusa Dua Foundation has installed almost 6,000 of the stars, hexagonal-shaped steel structures around a metre in diameter, in coral reefs across Bali. “We’re aiming to install about 5,000… Source link

It’s the world’s second-biggest cryptocurrency, and it could be the one with the most potential. If you’ve been looking for cryptocurrencies besides Bitcoin to invest in, then Ethereum has probably been on your radar. Technically, Ethereum is a programmable blockchain, and its cryptocurrency is called Ether. People often refer to the cryptocurrency as Ethereum, though. Regardless of the term you use, Ethereum is one of the most exciting cryptocurrency projects. It offers quite a bit that… Source link

Elon Musk, the Tesla TSLA chief executive who’s developed a controversial relationship with the bitcoin community over recent months, is again creating waves in cryptocurrency markets. Musk took to his preferred platform, Twitter, to comment on the Bitcoin 2021 conference currently underway in Miami, Florida. Bitcoin “is a helluva drug,” Musk replied to a video of bitcoin investors Michael Saylor and Max Keiser hyping up the crowd on stage at Bitcoin 2021, posted by another Twitter… Source link

Ethereum Ethereum slid by 5.81% on Friday. Reversing a 5.53% gain from Thursday, Ethereum ended the day at $2,690.68. A mixed start to the day saw Ethereum rise to an early morning intraday high $2,859.89 before hitting reverse. Falling short of the first major resistance level at $2,944, Ethereum slid to a mid-day intraday low $2,555.01. Ethereum fell through the first major support level at $2,717 and the second major support level at $2,576. More significantly, Ethereum also fell through the… Source link

Bitcoin enthusiasts prize the cryptocurrency as beyond the reach of any government. Yet up to three-quarters of the world’s supply has been produced in just one country, China, where a government push to curtail output is now causing global bitcoin turbulence. The amount of electricity needed to power vast numbers of computers used to create new bitcoin are at odds with China’s recent climate goals. The government, which manages its national currency with a tight fist, also frowns on… Source link

Monero XMR / USD offers you as a merchant the ability to hide the origin of transactions, as well as your identity as a sender or receiver. The interesting part about Monero recently is the fact that many websites that accept cryptocurrency payments will offer consumers a discount when paying with XRM. According to Cryptwerk, as of June, there are 988 merchants accepting Monero as a payment method. This, in turn, has boosted the currency’s appeal, which has raised its price as a… Source link

By Yasin Ebrahim Investing.com – is still well below its May highs, but a hotly anticipated update expected in the coming weeks could pit it against bitcoin as a destination for institutional dollars seeking a hedge against inflation. “The main goal of the 1559 Ethereum improvement proposal, or the London fork [expected to kick off July] is to change how users make transactions on Ethereum, and we believe that it should be very positive for the price of ETH,” Amber Ghaddar, PhD,… Source link