Bitcoin: One day blockchain will be boring | Fortune … Source link

Bitcoin prices have been scaling new heights recently, and the basic dynamic of tighter supply and increased demand has underpinned that climb, according to a report compiled by London-based crypto custodian Copper.co. Copper made the case that the recent price ascent is a function of steadily rising demand for bitcoins BTCUSD, -0.74% and the growing scarcity of the asset that has a maximum supply of 21 million, which is projected to be hit by 2140. The… Source link

Ethereum Whales Go Into Buying Frenzy Suggesting Massive Gains Ahead Ethereum price reached a market capitalization of over $200 billion for the first time ever after hitting a new all-time high price of $1,837 on Wednesday. The smart-contracts giant has suffered a slight correction in the past 24 hours and currently trades at $1,753. Litecoin Price Prediction: LTC On Track For A 20% Rally As Bulls Shatter A Critical Resistance Level Litecoin price has seen incredible gains of… Source link

Jaap Arriens/NurPhoto via Getty Images Tesla’s decision to buy $1.5 billion in bitcoin has opened the floodgates for more corporations to buy the cryptocurrency. But according to a Tuesday note from UBS’ Mark Haefele, bitcoin is not yet going mainstream. Detailed below are three reasons why investors should be cautious before speculating in bitcoin, according to UBS.  Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Bitcoin has surged more than 20% this… Source link

Litecoin prepares for lift-off as it slices through a critical resistance at $170. LTC’s recent price action resembles a W-shaped recovery and is primed for a 20% surge soon. On-chain transactional data shows little-to-no resistance ahead. Litecoin price has seen incredible gains of over 350% since late September 2020. With the entire market in a bull run, this rally could push LTC towards the next resistance level at $220. Litecoin price poised to enter $300… Source link

FILE PHOTO: 3D printed Twitter logo is seen in front of a displayed cyber code Reuters Twitter has considered whether to add bitcoin to its balance sheet, though no changes have been made yet, according to CFO Ned Segal. Segal said in a CNBC interview Wednesday that the social media giant continues to “study and look at” incorporating bitcoin into its finances.  “We’ve done a lot of the upfront thinking to consider how we might pay employees should they ask to be paid in bitcoin,… Source link

“The biggest risk for Ethereum is that it could end up like the Concorde.” That’s Lyn Alden, a renowned investment strategist, who wrote a blog post a few weeks back reviewing the Ethereum protocol from an investor’s perspective.  In her post, Alden points out that one of the biggest risks for the value of ether is that Ethereum never reaches mass adoption, just like the Concorde jet of the 1970s. While the Concorde was functional and operational for over 25 years, Alden writes, it… Source link

Price Point Bitcoin (BTC) was lower, after an intraday price spike on Tuesday took the largest cryptocurrency to a new all-time high of $48,226.25, based CoinDesk 20 data.    $50K in sight: “Bitcoin needs a couple more big endorsements, and that could be the key to take prices above the $50,000 level,” Edward Moya, senior market analyst for the foreign-exchange broker Oanda, wrote Tuesday.  Inflation watch: European shares and U.S. stock futures were higher as Bloomberg News reported… Source link

Mark Cuban. RealVision Billionaire Mark Cuban discussed the stock-market bubble, Wall Street Bets, and Bitcoin. The “Shark Tank” star also highlighted the power of AI, digital assets, and stimulus checks. Cuban compared the blockchain industry to the early days of the internet.  Visit Business insider’s homepage for more stories. Tech billionaire Mark Cuban blamed the Federal Reserve for driving up asset prices, suggested retail investors are out for revenge, and delved into… Source link

STRF/STAR MAX/IPx Tesla made significant headlines by investing $1.5 billion into bitcoin, and by announcing that the organization is planning to begin accepting this cryptocurrency as a form of payment. Immediately following this announcement, the price of bitcoin moved rapidly higher and has hit all time highs, which of course generated a frenzy of discussion, debate, and analysis. Following investments and adoption by organizations such as organizations including… Source link