Coinbase Global Inc.’s filing to become a publicly-traded company provides a glimpse into the remarkably small circle of mostly men who command the incredibly lucrative digital landscape. This U.S.-based power list starts with Brian Armstrong, the now billionaire chief executive officer of Coinbase, and his co-founder, Fred Ehrsam, who went on to create Paradigm Operations. Fellow billionaire Fred Wilson of Union Square Ventures, and Andreessen Horowitz’s Chris Dixon, are among the… Source link

There’s a recent mania taking over the investing world, and it’s called cryptocurrency. Since the domain name Bitcoin.com was registered in 2008, the world has seen Bitcoin (CRYPTO:BTC) rise and fall, hitting just under $50,000 per token on Feb. 15, 2021. While many people are bullish on Bitcoin’s prospects, many others feel it’s just too risky for an average investor to hold in their portfolio. Which side are you on? We asked three Motley Fool… Source link

Ethereum Ethereum fell by 2.49% on Friday. Following on from an 8.78% slide on Thursday, Ethereum ended the day at $1,445.18. A mixed start to the day saw Ethereum rise to an early morning high $1,530.00 before hitting reverse. Falling well short of the major resistance levels and 23.6% FIB of $1,579, Ethereum fell to a mid-morning intraday low $1,400.01. Finding support at the first major support level at $1,403, Ethereum struck a late afternoon intraday high $1,564.11. Falling short of the… Source link

Ethereum price Today – Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – February 27th, 2021 For the day ahead Litecoin would need to avoid a fall through the $171.81 pivot level to support a run at the first major resistance level at $181.39. Support from the broader market would be needed, however, for Litecoin to break back through to $180 levels. Barring an extended crypto rally, the first major resistance level… Source link

Billionaires from Microsoft founder-turned global philanthropist Bill Gates to Tesla chief executive Elon Musk are weighing in on bitcoin (even Mark Cuban can’t resist). After Musk sent the bitcoin price sharply higher with pro-bitcoin tweets, Tesla added $1.5 billion worth of bitcoin to its balance sheet—pushing bitcoin still higher. Now, with top Federal Reserve officials expressing their surprise at bitcoin’s latest bull run, Bill Gates has warned that people with less money than Musk… Source link

A Detailed Breakdown of Litecoin’s Four Year Cycles Here is the Bitcoin Four Year Cycle that I have discussed in previous newsletters: And if we zoom out to the twelve-month timeframe for Litecoin… We’ll notice that the price chart is a spitting image of the Bitcoin 12 month chart. Litecoin showcases a Four Year Cycle – just like Bitcoin. And just like LTC/USD is lagging behind the price action of ETH/USD… LTC/USD is actually also lagging behind Bitcoin in its own Four Year Cycle… The… Source link

Bitcoin’s price turned choppy on Friday as the No. 1 cryptocurrency by market capitalization logged its worst weekly performance since March 2020 when the pandemic hit the global economy. Bitcoin (BTC) trading around $46,244 as of 21:00 UTC (4 p.m. ET). Slipping 5.7% over the previous 24 hours. Bitcoin’s 24-hour range: $44,180.99-$49,325.91 (CoinDesk 20) BTC trades below its 10-hour and 50-hour averages on the hourly chart, a bearish signal for market technicians. Bitcoin trading on… Source link

Litecoin price remains contained inside an ascending parallel channel. LTC whales have purchased a lot of coins in the past three weeks. The digital asset defended a critical support level and aims for a rebound. Litecoin price remains bounded inside an ascending parallel channel on the 12-hour chart after a significant sell-off from $247 down to $157. It seems that LTC whales have taken advantage of the recent dip to buy even more. Litecoin price aims for a jump… Source link

Billionaire Elon Musk threw $1.5bn into bitcoin before tweeting that its value does “seem high.” Microsoft founder Bill Gates, a centibillionaire himself, recently warned investors against losing their shirts with risky cryptocurrency, telling Bloomberg News he is not bullish on bitcoin, partly for environmental reasons. And United States Treasury Secretary Janet Yellen said that bitcoin is inefficient for actually carrying out transactions and is highly speculative. Yet bitcoin is the… Source link

No one knows what will happen with Bitcoin. Not the skeptics, not the believers, not even Satoshi Nakamoto. There is no crystal ball.  Many of the sharpest minds in crypto embrace that uncertainty, broadly agreeing that we just don’t know. And perhaps that’s part of the allure. “Most of the biggest use cases 10 years from now will be things that would sound insane to us today,” says Elizabeth Stark, who, as the head of Lightning Labs, is quite literally trying to build the Bitcoin… Source link