Microsoft co-founder Bill Gates has explained why he does not own any bitcoin or other cryptocurrencies. “I like investing in things that have valuable output,” Gates said, adding that crypto is “not adding to society like other investments.” Bill Gates on Crypto, and Why He Isn’t Investing Microsoft co-founder Bill Gates shared his opinion about bitcoin and cryptocurrencies in a Reddit AMA (Ask Me Anything) session Thursday. One of the questions he was asked was “What do… Source link

According to current metrics, the Ethereum blockchain has burned 2.35 million ether since the implementation of Ethereum Improvement Proposal (EIP) 1559. The $8.10 billion in value was burned over the course of nine months and during the last seven days, 18,110 ether worth $34.9 million was destroyed. 2.35 Million Ethereum Burned — Ethereum Dev Says The Merge Could Happen in August Approximately 288 days ago, Ethereum developers implemented EIP 1559, a ruleset upgrade that basically… Source link

On 19 May, Litecoin finally launched its new MimbleWimble (MWEB) upgrade after years of development. The upgrade, which was completed at the Litecoin block height of two million, promised that privacy will be guaranteed as users complete transactions on the Litecoin Network. While it is trite that native tokens barely exhibit any positive reaction to news of their networks’ upgrade, the bloodbath that plagued the cryptocurrency markets in the last few weeks have made it even more… Source link

Bitcoin (BTC) struggled to recover its latest losses on May 21 after Wall Street trading provided zero respite. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC price reflects drab stocks performance Data from Cointelegraph Markets Pro and TradingView showed BTC/USD trading at dipping below $28,700 into the weekend, subsequently adding around $500. Down 4.7% from the previous day’s $30,700 highs, the pair looked firmly rangebound at the time of writing after United States stocks… Source link

May 2022 has seen some downturn in the cryptocurrency market; however, it is still a good time to buy and accumulate tokens that have good utilities. Buying the dip and purchasing heavy volumes can often provide bigger returns for your crypto portfolio. If you’re looking for cryptocurrencies to invest in, try considering these coins: Mushe (XMU), Litecoin (LTC), and NEAR Protocol (NEAR). These 3 coins have diverse use cases and could potentially provide multi-bagger gains in the… Source link

Tim Draper, an early bitcoin investor, has declared he is still optimistic about the value of the first cryptocurrency even with the downturn its price has taken in the last months. Draper believes that the asset is still valuable as an inflation hedge, and that the market we are navigating right now is “very similar” to the dot-com bubble burst, but with higher inflation. Tim Draper Still Bullish on Bitcoin Tim Draper, the venture capitalist famous for his early investments in… Source link

Monero (XMR) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Friday, the Digital Money has advanced 8.24% to $175.93. InvestorsObserver is giving Monero a 36 Volatility Rank. Find out what this means to you and get the rest of the rankings on Monero! Moderately Volatile InvestorsObserver gives Monero a moderate volatility rank of 36, placing it in the bottom 36% of cryptos on the… Source link

Crypto markets remain volatile and a handful of seasoned traders believe that the bearish trend will continue as long as stock markets are chasing new lows. Most investors would agree that crypto is now in a bear market and the current price action for Bitcoin (BTC) and Ethereum (ETH) suggests that capitulation and consolidation are a ways away. Data from Cointelegraph Markets Pro and TradingView shows that Ether still struggles to reclaim the $2,000 level as support and this zone has been a… Source link

Cryptocurrencies entered the financial market in 2009, with the launch of Bitcoin. With thousands of different cryptos worldwide, we have watched the market grow and become one of the biggest sectors within the economy. Litecoin (LTC) launched in 2011 and is currently ranking 20th on coinmarketcap, at the time of writing. Compared to a new coin currently in the presale stage, Parody Coin (PARO) is a great example of how crypto has evolved.  What Is Litecoin… Source link

Ethereum’s native token, Ether (ETH), continues to face downside risks in a higher interest rate environment. But one analyst believes that the token’s next selloff move could turn into a bear trap as the market factors in the possible release of the Merge this coming August. ETH to $4K? Ether’s price could reach $4,000 by 2022’s end, according to a technical setup shared on May 20 by Wolf, an independent market analyst. The analyst envisioned ETH moving inside a multi-month ascending… Source link