This is an opinion editorial by Andrew Hetherington, a contributor to Bitcoin Magazine. Since the Nixon Shock of 1971, wealth inequality has soared to levels not seen in over a century. The dollar was no longer redeemable for gold but was instead backed only by faith. Without the limitations of a backed currency, those in power were given the opportunity to create as much fiat currency as they desired, with little to no consequence. Destined to lose faith due to abuse, fiat currency was… Source link

Andrew is a blockchain developer who developed his interest in cryptocurrencies while his post-graduation. He is a keen observer of details and shares his passion for writing along with being a developer. His backend knowledge about blockchain helps him give a unique perspective to his writing Source link

Ethereum price has rallied 35% in just a few days. Ethereum price has printed two impulse waves subtly confined within a parallel channel. Invalidation of the bullish thesis is a breach below the June 18 swing low at $877.80 with contingencies. (read below) Ethereum price could become a very favorable digital asset for day traders in the coming days. Still, the final confirmation for more upside potential has not yet occurred. Ethereum price could get… Source link

A popular crypto analyst says he’s doubtful that massive Bitcoin (BTC) predictions for next year could come into fruition.  In a new interview on InvestAnswers, widely followed crypto trader Benjamin Cowen offers his view on one prediction that Bitcoin could rise over 1,000% from current prices by 2023.  Late last month, venture capital investor Tim Draper made a forecast that Bitcoin will hit $250,000 next year.  Cowen says he no longer believes Bitcoin could even hit the… Source link

Photo-Illustration: Intelligencer; Photo: Jeenah Moon/Bloomberg via Getty Images A little over a year ago, when I interviewed Mike Novogratz, a veteran hedge-fund manager and crypto billionaire, I asked him what he was excited about. The CEO of Galaxy Digital, a blockchain-focused investing firm, had a short list to tout that included “luna,… Source link

Ethereum’s native token Ether (ETH) has declined by more than 35% against Bitcoin (BTC) since December 2021 with a potential to decline further in the coming months. ETH/BTC weekly price chart. Source: TradingView ETH/BTC dynamics The ETH/BTC pair’s bullish trends typically suggest an increasing risk appetite among crypto traders, where speculation is more focused on Ether’s future valuations versus keeping their capital long-term in BTC.  Conversely, a bearish ETH/BTC cycle is typically… Source link

Source: Adobe/Sergey   The market has seen a wave of capitulation among many of the coins that were put forward as faster, lower cost, or higher throughput alternatives to Bitcoin. “Bitcoin still has market share, but Litecoin is the second most transacted digital currency for payments.” Litecoin still operates as a kind of useful testnet for Bitcoin. At the time of writing, Litecoin (LTC) is the 20th biggest cryptoasset by market… Source link

The 2022 crypto crash has led to a cautious approach among buyers and market influencers. With financial markets struggling to get rid of the bearish trend, every purchase in the coin market needs careful study. As the cryptocurrency market continues to trade low, it offers a good chance to buy now and make money later.  However, there are more than 19,000 coins in the market. Buyers need to know which of these crypto tokens are worth their purchase. Let’s see if a portfolio of the two… Source link

Ever since early Bitcoin (BTC) investors woke up millionaires as the ecosystem gained tremendous popularity alongside the mainstreaming of the internet, investors across the globe have been in the rush to accumulate as many of the 21 million BTC — one Satoshi at a time. With BTC recently trading at the $20,000 range for the first time since 2020, small-time investors found a small window of opportunity to achieve their dream of owning at least 1 BTC. On June 20, Cointelegraph reported that… Source link

In light of the recent crypto market crash, Ethereum [ETH] can be considered one of the worst-hit tokens. Given the performance of the token in the past couple of days, it can be hard to imagine the token back above the $1,000 support line. At the height of the crisis, ETH prices had dropped as low as $895 but have recovered almost in flash. Meanwhile, the entire crypto market has seen a revival in the past week or so after threats of a crypto winter loomed largely. Finally… Source link