In this week's " Crypt Minute," we consider bitcoin and ethereum. Both are trading in their respective neutral areas, with ethereum showing slight relative weakness. In addition, we discuss the implication of the EU parliament defeating a motion to ban proof-of-work.
Tezos is a smart contract and a decentralised application platform. A smart contract is a self-executing contract with the agreement terms written directly into the line of code. Once the terms of the agreement are met, the smart contract can execute based on what is already included in the code.
Both bitcoin and ethereum have charted a lower peak and a lower trough . This pattern implies that they are in a defined downtrend, as per the classical technical analysis.
The highest inflation in the US since 1982 Christmas is almost here and with so many of us searching for the right gift for our nearest and dearest, the supply chain issues start to rise. Logically, such a shortage of products leads to a price increase, but there is one more thing that causes price escalations That of course is money printing. Seemingly out of nowhere, inflation became so visible…
Were you waiting to buy the dip? If so last week was your chance, as the largest cryptocurrency by market cap and popularity dropped to $47,000! Is the bear market knocking on the door or was it just a correction? Just a matter of time until we find out
Morgan Stanley accumulate more Grayscale Bitcoin shares Morgan Stanley, one of the largest investment banks in the US, continues to double down with Bitcoin and added more shares of Grayscale's Bitcoin Trust (GBTC) to a number of their funds. In its latest report to the SEC, the company revealed that it increased its Bitcoin exposure while taking advantage of GBTC discount rates. As of writing GBTC discount sits at 12.32%…
By any standard, it was an a crazy week for DAOs (decentralized autonomous organizations) but there was also a large amount of fundraising that caught our attention. We have a lot to cover so let's dive deeper.
Record-high inflation and Bitcoin with a new All Time High! During the pandemic, the money printer went berserk, increasing the dollar supply by 35% in only 18 months. Initially, the FED stated that there will be no inflation but shortly after the U.S "Central bank" changed its mind noting that the inflation will be "transitory". Despite the FED's positive overview, it seems that the inflation is here to stay. Last…
If you are a crypto enthusiast then you know it was a crazy week in the markets!! Let's check out the highlights: Bitcoin hit a new all-time high, Ether follows First Bitcoin ETF trades near $1B on its first day Grayscale to "force the SEC's hand" with its Bitcoin ETF application Bitcoin hit a new all-time high, Ether follows The price of the largest cryptocurrency by market cap is skyrocketing.…
Ethereum "London upgrade" is rolling out today - what can go wrong? Today is a historic moment for the crypto community because one of the long-awaited updates in Etherium is on its way. In the last few days, Ethereum price surged above $2700 - the main reason - "London upgrade". What is the "London upgrade"? The "London upgrade" will integrate 5 protocols that are expected to improve the Ethereum network.…
Since the 2009 launch of Bitcoin (BTC), cryptocurrencies have been controversial financial instruments. From industry-leaders such as BTC and Ethereum (ETH), to newer coins like Polkadot (DOT) and Tron (TRX), the role of virtual money in finance is a hotly debated topic. Amid the dramatic early-2021 spike in crypto values, talk of mainstream financial adoption reached a fevered-pitch. Throughout the late-2020/early-2021 runup in prices, Dogecoin (DOGE) established itself as a…
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