Former stockbroker Jordan Belfort, known colloquially as the “Wolf of Wall Street” has likened low market cap crypto assets to penny stocks due to their extreme price volatility. Penny stocks refer to highly speculative shares priced under $1 from small and unknown companies. Generally they either fetch massive returns for investors or crash and burn dramatically. Belfort’s rise to prominence…
Month: August 2022
Bitcoin Aligns Incentives In The Perfect Way – Bitcoin Magazine
This is an opinion editorial by Conor Chepenik, a bitcoin pleb. When a nocoiner asks me about Bitcoin, it’s hard not to take a “Michael Saylor breath” and embark on a four-hour conversation about how there is no second best. My Bitcoin elevator pitch has become better over time, but it’s hard explaining why the world so desperately needs an…
Robert Kiyosaki Says Real Estate, Stocks, Gold, Silver, Bitcoin Markets Are Crashing — ‘Millions Will Be Wiped Out’ – Markets and Prices Bitcoin News
The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, has warned that all markets are crashing, specifically naming real estate, stocks, gold, silver, and bitcoin. Referencing his earlier prediction of a bigger crash than during the 2008 financial crisis, Kiyosaki said: “That crash is here. Millions will be wiped out.” Robert Kiyosaki Predicts Market Crashes The…
Bitcoin, Ethereum Drop as Traditional Markets Skid into New Week
Several key cryptocurrencies fell dramatically Sunday evening as traditional markets dropped heading into a new trading week. Bitcoin (BTC), Ethereum (ETH), XRP, Cardano (ADA), Solana, and meme coin Dogecoin (DOGE) all saw values fall sharply within a two-hour window as the sun set on the U.S. East Coast, many logging drops of over 3% over the prior 24 hours. Bitcoin…
Michael Saylor Bitcoin Dream Job – Bitcoin Magazine
This is an opinion editorial by Boomer, a long-time and active member of the financial independence/retire early (FIRE) movement. Michael Saylor recently announced that he’ll be stepping down as MicroStrategy’s CEO so that he can devote more of his time to Bitcoin. I can understand why he wouldn’t want to be distracted by the day-to-day operations of a software company…
Onchain Ethereum Fees Remain Low Ahead of the Merge, 4 L2 Networks Offer Transfers Below a Nickel – Altcoins Bitcoin News
With just over two weeks until The Merge, Ethereum network fees have reduced significantly as the average ethereum transfer fee has dropped to 0.00092 ether or $1.37 per transaction on August 28. Median-sized fees have slid to 0.00036 ether or $0.544 per transfer, and etherscan.io’s gas tracking tool notes a priority fee will cost 11 gwei or $0.34 to get…
From Silk Road to NFTs: Why Musician and Artist Tycho Sees Web3 as the ‘Endgame’
Tycho first heard about crypto back in the Silk Road days, calling the underground marketplace “the coolest thing in the world” at the time. Now, decidedly legit, he’s launching his own “Tycho Open Source Community” using Polygon NFTs. Tycho says he bought his first hardware wallet in 2011, but didn’t put Bitcoin on it. In an interview with Decrypt, the…
Amid Ethereum’s Merge, Cardano Founder Charles Hoskinson Says ADA’s Vasil Fork Is Coming Soon – Bitcoin News
Jamie Redman Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 5,700 articles for Bitcoin.com News about the disruptive protocols emerging…
Why interoperability is the key to blockchain technology’s mass adoption
Every year, we see new blockchain networks being developed to tackle specific niches within certain industries, each blockchain having specialized functions based on its purpose. For example, layer-2 scaling solutions like Polygon are built to have ultra-low transaction fees and fast settlement times. The increase in the number of new blockchain networks is also a result of the recognition that…
Coinbase Discloses It Will ‘Evaluate Any ETH Fork Tokens Following The Merge’ – Exchanges Bitcoin News
The publicly listed firm Coinbase Global has revealed the company plans to evaluate any potential forks that arise from the upcoming Ethereum upgrade known as The Merge. In a recently updated blog post, Coinbase said if a new Ethereum proof-of-work (PoW) token is created it “will be reviewed with the same rigor as any other asset that is listed” on…