Price analysis 6/7: BTC, ETH, BNB, ADA, DOGE, XRP, DOT, UNI, ICP, BCH

United States Treasury Secretary Janet Yellen defended President Joe Biden’s latest spending package. She said it would be “a plus” for society even if it resulted in a higher interest rate environment. If rates go up, traders will try to find ways to protect their money. Gold, for example, is down 2.5% so far this year while Bitcoin (BTC) is up 22%. Even after the big drop in...

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Bitcoin Traded on PayPal Went from Zero to $300 Million in One Day!

On Wednesday, May 19th, 2021, there was a new all-time high in bitcoin trading volumes on PayPal. $300m #Bitcoin traded on PayPal last Wednesday. A new all-time high for the app! 🙌 pic.twitter.com/IZz70jWSYH — Bitcoin Archive 🗄🚀🌔 (@BTC_Archive) May 29, 2021 In just one day, more than $300 million worth of Bitcoin was traded on the app. This was more than even that of...

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Bitcoin’s Impact on the Environment

Bitcoin users know that there is a lot of criticism about the environment. People are talking about how much energy it uses. There are different opinions on what to do. Qi Qiang, an assistant director at a Chinese University, says that the use of Bitcoin might be a threat to the human race. He said this because Iran is experiencing blackouts and other environmental disasters. Bitcoin could cost...

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SEC sues Ripple Labs amid ongoing ‘security’ offering

On Sunday, Jeremy Hogan talked about Magistrate Judge Sarah Netburn’s latest ruling in the lawsuit brought by the SEC against Ripple Labs. On December 22, 2020, the SEC announced that they had filed a lawsuit against Ripple Labs and two of its executives. They alleged that they had raised over $1.3 billion through an unregistered securities offering. Yesterday, the Honorable Sarah Netburn said...

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Bitcoin’s (BTC) Massive Drop: 11 Reasons Behind the Fall

Bitcoin, the word for a digital currency, is down in May 2021. It has had one of its worst monthly performances. Some people think it is a good time to buy because it will go up in value while other people worry and are selling their Bitcoins. People who have been HODLing Bitcoin for a long time are buying more of it now because the price is lower. This means that people who’ve been...

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TRON’s Justin Sun Agrees with Elon Musk on Bitcoin Mining

Justin Sun, a founder of TRON, agrees with Elon Musk  about the carbon footprint that bitcoin mining leaves. He believes that the proof of work consensus algorithm has its flaws and is urging people to use more green energy. Sun Agrees With Musk Tesla’s CEO made news a few weeks ago when they stopped allowing people to pay with bitcoins. Elon Musk has since told people that it is bad for the...

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Open letter to the Burstcoin Community

Our journey has been long, but we are in this together. Gather around friends, as we share our thoughts on the current state of Burstcoin and the road that lies ahead. The Darkness In 2019, when the BAT and BMF team took over the development responsibilities, following the cloak-and-dagger departure of our predecessors, the Burstcoin community was in a state of hopelessness and despair. To New...

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How Furucombo is the Future of DeFi

Blockchain interoperability is becoming more standardized. This is good because separate protocols for different things will work together on one interface. As a result of this, it was only a matter of time before an app like Furucombo would appear. After all, DeFi is all about taking financial activities and turning them into smart contracts. Furucombo takes this principle to another...

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Bitcoin Recovers From Yet Another Dip: Recovery Time

Yesterday, the price of bitcoin went down. It was not as low as on Saturday. The altcoins had also gone down similar to bitcoins. This happened because there was a lot of volatility in the market: sometimes it goes up and sometimes it goes down. This week is not disappointing. There are many changes in price and volatility. Bitcoin Recovers From Yet Another Dip It is safe to say that the primary...

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The Flaw in Human Judgment: Noise

Imagine two doctors with the same information about a patient. One diagnosis is different than the other because of when they do their diagnosis. Doctors usually have morning or afternoon diagnoses. This is noise. It is why humans have different opinions, even if the people are exactly the same. This book discusses that problem and how to fix it. Amos and Daniel Kahneman won the Nobel Prize for...

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Chainlink – The Future of Interoperability for Blockchain

As the world of cryptocurrency grows, there are new and interesting projects. Chainlink is a project that connects the world of cryptocurrency with the real world. It bridges the gap between smart contracts and blockchain technology. The Chainlink price is trying to go up for the second time tonight. It may have more room to grow. Link was one of the worst losers during the recent cryptocurrency...

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THETA Token Price Support and Resistance Levels

The THETA token price went down when it was trading at $15. The price has been going up and down. It is between 0.236 and 0.382 Fibonacci levels, but some of the buyers are not buying because they’re worried that the price will go back down again before they can buy anything. The live THETA price today is $7.42. Over the last 24 hours, it has gone down 0.94%. It is in #20 place with a...

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