Month: June 2021

Coming every Saturday, Hodler’s Digest will allow you to track every single significant news story that occurred this week. The best (and worst) quotations, regulation and adoption highlights, leading coins, predictions and even more — a week on Cointelegraph in 1 link. Ether delivered a gorgeous surge that required its cost above $3,000 for the very first time, breaking new documents during the week. Excitement is continuing to build ahead of a long-awaited update which will overhaul the network’s gas fee arrangement in July. ETH is also in good business, too. EOS rallied by more than 100% this week following a recent protocol that increases the job’s inflation rate. Litecoin has hit a one-year high against BTC , with many analysts predicting extended upside momentum. And BTC Cash jumped 68% amid rumors that a looming hard fork could raise the community’s user base. Even Ethereum Classic, the hard fork sparked by disagreements after a devastating 2016 hack, has increased 130 percent in the last week. Naturally, there’s 1 altcoin specifically that continues to steal the show…May 8″day to see” for Dogecoin amid warning it may Endure an XRP-style crashDOGE has seemed unstoppable lately. It hit unprecedented highs of $0.7376 early on Saturday. It’s inevitable that his appearance will feature unlimited sketches about Dogecoin, which could pump prices even further. But not everyone is discovering DOGE’s surge for a cause for celebration. Lowstrife, a popular account on Twitter, believes that the end is nigh, with the crypto trader spotting eerie similarities between DOGE’s current charts and XRP at the heady days of 2018. Back then, XRP had hit all-time highs of $3.20 that stay true to this day, but slowly faded to lows of $0.14 — a loss of 95.6percent . Warning of an impending apocalypse for DOGE, Lowstrife wrote:”All DOGE’s significant rallies this year has been smaller and less aggressive. What required 18 hours first has been continuing for two days now. I suspect this is the final push before it’s all over for good. Even Musk himself has been cooling the hype, reminding followers which crypto investments remain speculative. Square’s BTC earnings up 1,000% in 12 monthsA flurry of earnings results this week forcefully illustrated the impact which BTC’s magnificent first quarter has needed. Square blew analysts’ expectations by delivering earnings of $0.41 per share between January and March — far beyond the $0.16 prediction. Revenue came in at $5.06 billion, dwarfing forecasts of $3.36 billion. BTC alone drove $3.5 billion in earnings, an astonishing increase of 1,000percent in only 12 months. Overall, the crypto-friendly firm’s gross profit also surged 79% year on year to reach $964 million. PayPal has also been heralding the”great results” it has been getting from its crypto support. The platform’s earnings and earnings also exceeded predictions in Q1. Coinbase inventory drops to record low, additional decoupling from cryptoThe celebratory atmosphere isn’t universal. Coinbase shares tumbled to fresh lows on Thursday as Wall Street investors continued to cycle out of high-tech stocks. All of this comes regardless of the entire market cap of all cryptocurrencies surging beyond $2.4 trillion. Coinbase’s woes may be linked to growing competition among crypto exchanges, which has left retail investors spoiled for choice. There is a danger that this could eat to the revenues it derives from transaction fees, which constitute most of its income. Comedian Bill Maher excoriates environmental impact of cryptoElon Musk’s stint on the box this weekend functions as a potent counterweight to comedian Bill Maher, who did not leave crypto fans in movies during a recent section. On Maher’s program, he compared the industry to a virtual match — and talked about mining at a derisive tone. Maher also suggested that investing in tokens was a childish endeavor, and illustrated his point with quotations from Warren Buffett. He explained:”There is something inherently not credible about producing hundreds of billions in virtual riches without a ever actually being accomplished without a true product made or service rendered. […] Unfortunately, what is real is that the unfathomable quantity of power those massive supercomputers suck for their mining.” Anthony Pompliano shared with the clip with this caption:”Never ask a comedian for investment information.” Binance CEO Changpeng Zhao replied, writing: “Very sad to see. Feel really hopeless because of him. Joke’s going to be on him. Time will reveal.” Winners and LosersAt the end of the week, BTC is at $58,366.32, Ether at $3,811.20 and XRP at $1.56. The whole market cap is currently at $2,433,633,423,933. Among the greatest 100 cryptocurrencies, the best three altcoin gainers of the week are Shiba Inu, BTC Diamond and Telcoin. The best three altcoin losers of this week are Harmony, Huobi Token and Filecoin. For more information on crypto prices, make certain that you read Cointelegraph’s market evaluation . Most Memorable Quotations“Looks like Uniswap v3 is more gas pricey than v2, approximately as expected.” “Together with cryptocurrencies already creating amazing worldwide wealth, it’s real estate which will sustain that wealth and provide buyers with a legacy.” Alex Sapir, Sapir Corp chairman“We watched a mini-bubble at SPACs, IPOs, crypto, clean-tech and hyper-growth in late 2020 and early 2021 and several of these asset classes are nursing bad hangovers.” “It definitely can go considerably higher, I believe we may see the cost go to $10,000, where a great deal of ETH bull cost goals start to kick in and folks take profits.” Nikhil Shamapant, retail investor“We’ve committed to having no HQ, and it’s important to show our decentralized workforce that no 1 place is [more] significant than the other.” Coinbase“All DOGE’s significant rallies this year has been smaller and less aggressive. What required 18 hours first has been continuing for two days now. I suspect this is the final push before it’s all over for good. Lowstrife“DeFi can lead to a paradigm shift in the financial industry and possibly contribute toward a stronger, open, and transparent financial infrastructure.” “Volatility is everywhere […] It isn’t unique to crypto.” Changpeng Zhao, Binance CEO“Of course I hate the BTC victory, and I really don’t welcome a money that’s so helpful to kidnappers and extortionists and so forth.” “There is something inherently not credible about producing hundreds of billions in virtual riches with nothing ever actually being achieved and no true product made or service rendered.” Bill Maher, comedian Ether’s booming price has prompted frenzied talk about a long-fabled”flippening” at which ETH overtakes BTC since the world’s biggest cryptocurrency. Though that’s fanciful right now, there are a number of bullish predictions in regards to where Ether’s cost is headed . One of these comes in Nikhil Shamapant, a retail agent who lately printed a study report where he argued ETH might be worth $150,000 from 2023. He advised Cointelegraph:“It definitely can go considerably higher. I believe we may see the cost go to $10,000, at which a great deal of ETH bull cost goals start to kick in and folks take profits. I believe we will head up to this $10,000-to-$25,000 range, hit a great deal of supply and could see some big drawdowns and consolidation at there.” The fees sting, but Uniswap v3 sees greater quantity on launch day than v2’s first monthData suggests that Uniswap v3 needed a successful first 24 hours — processing greater than double the quantity that v2 failed in its first month. But not everyone’s been enamored with the latest iteration of the world’s most popular decentralized exchange, with a few users complaining about the costs associated with using it. One person wrote on Twitter: “more expensive to make mistakes now. On Twitter, he wrote: “Looks like Uniswap v3 is more gasoline pricey than v2, approximately as expected. […] Especially, it’s about 28% more expensive for single-hop transactions it resembles. For larger transactions that cross multiple ticks/buckets, the gasoline prices should be slightly larger.” New York bill suggests ban on crypto mining for 3 years over carbon concerns Data centers would only be permitted to operate if they pass an environmental impact review, amid worries which BTC mining could get the condition to overlook ambitious targets created to handle climate change. New York Senate Bill 6486 explained:”A single cryptocurrency transaction uses exactly the same quantity of energy that an average American household uses in 1 month, with an estimated level of international energy usage equivalent to all the country of Sweden.” The bill is yet to receive widespread backing from other senators. On the other hand, that the Democrats do restrain the lower house and senate. Employer paid employee in crypto, then demanded it back when cost roseA United States-based small business development specialist has promised that a company which paid them for contract job using cryptocurrency wants one to go back the tokens following a significant rally in the asset’s cost. The unnamed employee, known only as”Crypto Confused,” wrote to MarketWatch and stated: “I’m not really certain what to do. I have worked with this person for several years, and he has a inclination to attempt and modify the conditions of payment after agreeing on a certain means of operating.” Columnist Quentin Fottrell replied: “When the value of this cryptocurrency had fallen from 100% since August 2020, would he need to pay you in dollars? When it suddenly dipped by that amount now, would he follow up with his workers?” Best Cointelegraph FeaturesDOGE as internet money? TikTokers and sports lovers find a use case for DogecoinAs experts pinpoint different groups as Dogecoin’s vanguard, the coin’s possible base seems to be a broad coalition. From nay to yay: JPMorgan’s path to crypto could shake financeAfter bashing BTC back in 2017, JPMorgan CEO Jamie Dimon seems to have softened his stance on crypto, and so has the company itself. Since BTC’s payment options increase, BTC’s true future function up for discussion Declaring BTC a store of value — gold 2.0 — although not a medium of exchange, defies logic. It must first have an application case.

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Home Litecoin Coming every Saturday, Hodler’s Digest will allow you to track every single significant news story that occurred this week.The best (and worst) quotations, regulation and adoption highlights, leading coins, predictions and even more — a week on Cointelegraph in 1 link.Ether delivered a gorgeous surge that required its cost above $3,000 for the…

Haters Everywhere in Stock Market After S&P 500’s Big First Half

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People were already worried about equities six months ago.Now, after the S&P 500 Index defied everything from nosebleed valuations to inflation to post one of the best first halves ever, they’re downright paranoid. Wall Street strategists, never ones to restrain their enthusiasm when it’s warranted, warn that the gains have played out.Short sellers are circling,…

⏰Is It Time To Short The Stock Market? [Video] – IM Daily Vlog

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June 25, 2021 Daily News Report – Thursday June 24th, 2021 Thank you for joining our daily news report where we give you a summary of important news and get straight to the point.You can sign-up for a stock account here and receive TWO FREE STOCK as a sign-up bonus on WeBull: https://act.webull.com/invite/share.html?inviteCode=Vlof99mScicrOr a FREE…

Hive Price Tops $0.24 on Major Exchanges (HIVE)

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Hive Price Tops $0.24 on Major Exchanges (HIVE) Posted by ABMN Staff on Jun 23rd, 2021 Share on Stocktwits Hive (CURRENCY:HIVE) traded 23.3% higher against the US dollar during the 24-hour period ending at 8:00 AM ET on June 23rd.During the last seven days, Hive has traded down 32.5% against the US dollar.One Hive coin…

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