O:9:"MagpieRSS":24:{s:6:"parser";i:0;s:12:"current_item";a:0:{}s:5:"items";a:10:{i:0;a:11:{s:5:"title";s:60:"Wanchain Makes LTC Good Contract Suitable, Provides Litecoin";s:4:"link";s:99:"https://cryptocurrencybloggersnews.com/wanchain-makes-ltc-good-contract-suitable-provides-litecoin/";s:2:"dc";a:1:{s:7:"creator";s:5:"Alice";}s:7:"pubdate";s:31:"Wed, 23 Jun 2021 13:16:34 +0000";s:8:"category";s:59:"Litecoin NewsAddsCompatibleContractLitecoinLTCSmartWanchain";s:4:"guid";s:47:"https://cryptocurrencybloggersnews.com/?p=19780";s:11:"description";s:824:"<p>SINGAPORE, June 22nd, 2021 (GLOBE NEWSWIRE) &#8211; The Wanchain Foundation today announced that Litecoin is now fully integrated into its cross-chain infrastructure. Wanchain, the decentralized blockchain interoperability solution that connects the world&#8217;s isolated blockchain networks, is the only decentralized finance (DeFi) project that enables truly decentralized cross-chain transactions between isolated heterogeneous blockchain networks. Wanchain&#8217;s cross-chain [&#8230;]</p>
<p>The post <a rel="nofollow" href="https://cryptocurrencybloggersnews.com/wanchain-makes-ltc-good-contract-suitable-provides-litecoin/">Wanchain Makes LTC Good Contract Suitable, Provides Litecoin</a> appeared first on <a rel="nofollow" href="https://cryptocurrencybloggersnews.com">CRYPTO CURRENCY BLOGGERS NEWS</a>.</p>
";s:7:"content";a:1:{s:7:"encoded";s:4614:"<p></p>
<p align="justify">SINGAPORE, June 22nd, 2021 (GLOBE NEWSWIRE) &#8211; The Wanchain Foundation today announced that Litecoin is now fully integrated into its cross-chain infrastructure.  Wanchain, the decentralized blockchain interoperability solution that connects the world&#8217;s isolated blockchain networks, is the only decentralized finance (DeFi) project that enables truly decentralized cross-chain transactions between isolated heterogeneous blockchain networks.  Wanchain&#8217;s cross-chain infrastructure already supports Bitcoin, Ethereum, Wanchain, EOSIO, Binance Smart Chain and XRP Ledger.  The addition of Litecoin strengthens Wanchain&#8217;s position as the world&#8217;s most advanced cross-chain solution.</p>
<p align="center">
<p align="justify">Litecoin is a peer-to-peer internet currency that enables instant, near zero cost payments to anyone around the world.  Wanchain&#8217;s Litecoin integration enables LTC, a top 15 cryptocurrency by market capitalization, to be traded across chains and used with EVM-compatible smart contracts.  Wanchain also recently added XRP Ledger to its cross-chain infrastructure to gain wide recognition and become the first option for XRP owners looking to enter the world of DeFi.  By enabling silo blockchains to share value and data, Wanchain&#8217;s cross-chain solution is key to mass adoption of blockchain technology.</p>
<p align="justify">Jack Lu, founder and CEO of Wanchain, says: ?Litecoin is one of the world&#8217;s most important cryptocurrencies.  It is also one of the largest without smart contract functions.  Wanchain and several of our corporate partners are all very pleased with the prospect of what smart contracts and true decentralized cross-chain interoperability can bring to Litecoin and the blockchain community at large. &#8220;</p>
<p align="justify">Li Ni, VP of Business Development and Operations, added, ?Wanchain&#8217;s Litecoin integration underscores the industry-leading expertise of the Wanchain development team.  Linking a really heterogeneous blockchain like Litecoin with EVM-compatible chains like Ethereum, Wanchain and Binance Smart Chain without foregoing any security or decentralization is a real masterpiece.  Integrations like this and XRP Ledger reaffirm Wanchain&#8217;s mission to connect all of the silo blockchains in the world.  Wanchain is one step closer to becoming the wide area network of the blockchain industry. &#8220;</p>
<p align="justify">LTC holders looking to take advantage of the world of DeFi can instantly see high revenues from a variety of staking and farming applications connected to Wanchain&#8217;s cross-chain infrastructure.  One such application is Wanswap, the innovative, cross-chain, automatic, decentralized exchange that has already launched a farming pool for LTC.</p>
<p align="justify"><strong>About Wanchain</strong></p>
<p align="justify">True DeFi is interoperable &#8211; Wanchain is the world&#8217;s first decentralized blockchain interoperability solution.  Our mission is to drive blockchain adoption through interoperability by building fully decentralized bridges that connect the many isolated blockchain networks in the world.  This cross-chain infrastructure enables developers to build truly decentralized cross-chain applications to drive the future of DeFi.</p>
<p align="justify"><strong>Media contact</strong></p>
<p align="justify">Company: Wanchain</p>
<p align="justify">Email: temujin@wanchain.org</p>
<p align="justify">Wanchain Official Website &#8211; https://www.wanchain.org/</p>
<p align="justify">Use Wanchain&#8217;s Cross-Chain Bridge &#8211; https://bridge.wanchain.org/</p>
<p align="justify">Follow Wanchain on Twitter &#8211; https://twitter.com/wanchain_org</p>
<p align="justify">Find Wanchain on Facebook &#8211; https://www.facebook.com/wanchainfoundation/</p>
<p align="justify">Join the official Wanchain Telegram group &#8211; https://t.me/WanchainCHAT</p>
<p align="justify"><strong>SOURCE: </strong>Wanchain</p>
<p><img src="https://ml.globenewswire.com/release/track/075abacd-f0dc-414e-938a-46a4ee5fe3df" referrerpolicy="no-referrer-when-downgrade" width="1" height="1" "/><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>The post <a rel="nofollow" href="https://cryptocurrencybloggersnews.com/wanchain-makes-ltc-good-contract-suitable-provides-litecoin/">Wanchain Makes LTC Good Contract Suitable, Provides Litecoin</a> appeared first on <a rel="nofollow" href="https://cryptocurrencybloggersnews.com">CRYPTO CURRENCY BLOGGERS NEWS</a>.</p>
";}s:7:"summary";s:824:"<p>SINGAPORE, June 22nd, 2021 (GLOBE NEWSWIRE) &#8211; The Wanchain Foundation today announced that Litecoin is now fully integrated into its cross-chain infrastructure. Wanchain, the decentralized blockchain interoperability solution that connects the world&#8217;s isolated blockchain networks, is the only decentralized finance (DeFi) project that enables truly decentralized cross-chain transactions between isolated heterogeneous blockchain networks. Wanchain&#8217;s cross-chain [&#8230;]</p>
<p>The post <a rel="nofollow" href="https://cryptocurrencybloggersnews.com/wanchain-makes-ltc-good-contract-suitable-provides-litecoin/">Wanchain Makes LTC Good Contract Suitable, Provides Litecoin</a> appeared first on <a rel="nofollow" href="https://cryptocurrencybloggersnews.com">CRYPTO CURRENCY BLOGGERS NEWS</a>.</p>
";s:12:"atom_content";s:4614:"<p></p>
<p align="justify">SINGAPORE, June 22nd, 2021 (GLOBE NEWSWIRE) &#8211; The Wanchain Foundation today announced that Litecoin is now fully integrated into its cross-chain infrastructure.  Wanchain, the decentralized blockchain interoperability solution that connects the world&#8217;s isolated blockchain networks, is the only decentralized finance (DeFi) project that enables truly decentralized cross-chain transactions between isolated heterogeneous blockchain networks.  Wanchain&#8217;s cross-chain infrastructure already supports Bitcoin, Ethereum, Wanchain, EOSIO, Binance Smart Chain and XRP Ledger.  The addition of Litecoin strengthens Wanchain&#8217;s position as the world&#8217;s most advanced cross-chain solution.</p>
<p align="center">
<p align="justify">Litecoin is a peer-to-peer internet currency that enables instant, near zero cost payments to anyone around the world.  Wanchain&#8217;s Litecoin integration enables LTC, a top 15 cryptocurrency by market capitalization, to be traded across chains and used with EVM-compatible smart contracts.  Wanchain also recently added XRP Ledger to its cross-chain infrastructure to gain wide recognition and become the first option for XRP owners looking to enter the world of DeFi.  By enabling silo blockchains to share value and data, Wanchain&#8217;s cross-chain solution is key to mass adoption of blockchain technology.</p>
<p align="justify">Jack Lu, founder and CEO of Wanchain, says: ?Litecoin is one of the world&#8217;s most important cryptocurrencies.  It is also one of the largest without smart contract functions.  Wanchain and several of our corporate partners are all very pleased with the prospect of what smart contracts and true decentralized cross-chain interoperability can bring to Litecoin and the blockchain community at large. &#8220;</p>
<p align="justify">Li Ni, VP of Business Development and Operations, added, ?Wanchain&#8217;s Litecoin integration underscores the industry-leading expertise of the Wanchain development team.  Linking a really heterogeneous blockchain like Litecoin with EVM-compatible chains like Ethereum, Wanchain and Binance Smart Chain without foregoing any security or decentralization is a real masterpiece.  Integrations like this and XRP Ledger reaffirm Wanchain&#8217;s mission to connect all of the silo blockchains in the world.  Wanchain is one step closer to becoming the wide area network of the blockchain industry. &#8220;</p>
<p align="justify">LTC holders looking to take advantage of the world of DeFi can instantly see high revenues from a variety of staking and farming applications connected to Wanchain&#8217;s cross-chain infrastructure.  One such application is Wanswap, the innovative, cross-chain, automatic, decentralized exchange that has already launched a farming pool for LTC.</p>
<p align="justify"><strong>About Wanchain</strong></p>
<p align="justify">True DeFi is interoperable &#8211; Wanchain is the world&#8217;s first decentralized blockchain interoperability solution.  Our mission is to drive blockchain adoption through interoperability by building fully decentralized bridges that connect the many isolated blockchain networks in the world.  This cross-chain infrastructure enables developers to build truly decentralized cross-chain applications to drive the future of DeFi.</p>
<p align="justify"><strong>Media contact</strong></p>
<p align="justify">Company: Wanchain</p>
<p align="justify">Email: temujin@wanchain.org</p>
<p align="justify">Wanchain Official Website &#8211; https://www.wanchain.org/</p>
<p align="justify">Use Wanchain&#8217;s Cross-Chain Bridge &#8211; https://bridge.wanchain.org/</p>
<p align="justify">Follow Wanchain on Twitter &#8211; https://twitter.com/wanchain_org</p>
<p align="justify">Find Wanchain on Facebook &#8211; https://www.facebook.com/wanchainfoundation/</p>
<p align="justify">Join the official Wanchain Telegram group &#8211; https://t.me/WanchainCHAT</p>
<p align="justify"><strong>SOURCE: </strong>Wanchain</p>
<p><img src="https://ml.globenewswire.com/release/track/075abacd-f0dc-414e-938a-46a4ee5fe3df" referrerpolicy="no-referrer-when-downgrade" width="1" height="1" "/><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>The post <a rel="nofollow" href="https://cryptocurrencybloggersnews.com/wanchain-makes-ltc-good-contract-suitable-provides-litecoin/">Wanchain Makes LTC Good Contract Suitable, Provides Litecoin</a> appeared first on <a rel="nofollow" href="https://cryptocurrencybloggersnews.com">CRYPTO CURRENCY BLOGGERS NEWS</a>.</p>
";s:14:"date_timestamp";i:1624454194;}i:1;a:11:{s:5:"title";s:99:"$30,000 Bitcoin Worth Breached ? Bitcoin Journal: Bitcoin Information, Articles, Charts, and Guides";s:4:"link";s:131:"https://cryptocurrencybloggersnews.com/30000-bitcoin-worth-breached-bitcoin-journal-bitcoin-information-articles-charts-and-guides/";s:2:"dc";a:1:{s:7:"creator";s:5:"Alice";}s:7:"pubdate";s:31:"Wed, 23 Jun 2021 12:40:13 +0000";s:8:"category";s:64:"Bitcoin NewsArticlesBitcoinBreachedChartsGuidesMagazineNewsprice";s:4:"guid";s:46:"http://cryptocurrencybloggersnews.com/?p=19776";s:11:"description";s:749:"<p>Below is an excerpt from a current issue of Deep Dive, Bitcoin Magazine&#8217;s premium market newsletter. To be among the first to get this insight and other Bitcoin market research delivered to your inbox, sign up now. The sell-off in the Bitcoin market continued when the USD 30,000 mark was briefly broken yesterday. The ugly [&#8230;]</p>
<p>The post <a rel="nofollow" href="https://cryptocurrencybloggersnews.com/30000-bitcoin-worth-breached-bitcoin-journal-bitcoin-information-articles-charts-and-guides/">$30,000 Bitcoin Worth Breached &#8211; Bitcoin Journal: Bitcoin Information, Articles, Charts, and Guides</a> appeared first on <a rel="nofollow" href="https://cryptocurrencybloggersnews.com">CRYPTO CURRENCY BLOGGERS NEWS</a>.</p>
";s:7:"content";a:1:{s:7:"encoded";s:4130:"<p></p>
<p>Below is an excerpt from a current issue of Deep Dive, Bitcoin Magazine&#8217;s premium market newsletter.  To be among the first to get this insight and other Bitcoin market research delivered to your inbox, sign up now.</p>
<p>The sell-off in the Bitcoin market continued when the USD 30,000 mark was briefly broken yesterday.  The ugly price action has worried many market participants that the bull market is over and it is very possible that Bitcoin will consolidate in an area around USD 30,000 for the time being.</p>
<p>Let&#8217;s look at what the derivatives markets are telling us.</p>
<h2>Eternal futures funding</h2>
<p>Bitcoin derivatives exchange traders have seen a significant decline, even as Bitcoin approached the $ 30,000 mark, as negative funding shows. </p>
<p>In the context of -0.02% funding, short positions pay about 22% on an annual basis for long positions just to hold a position.  It is noteworthy when perpetual Bitcoin futures contracts have negative funding for extended periods of time, meaning that large holders of the best performing asset are bearish.</p>
<p>Below is the funding rate for Bitcoin Perpetual Futures over the last year. </p>
<p><img class="m-detail--tml-image m-image" alt="inserted image 0 (1)" decoding="async" src="https://bitcoinmagazine.com/.image/c_limit%2Ccs_srgb%2Cq_auto:good%2Cw_700/MTgxOTIwNTk4NTg1MjU1MDQz/pasted-image-0-1.png" height="900" width="1600" srcset="https://bitcoinmagazine.com/data:image/gif;base64,https://bitcoinmagazine.com/R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" itemprop="contentUrl url"/></p>
<p>When looking for a solid contraindication to allocating large funds, negative funding and a futures curve in backwardation are two things to look out for.</p>
<p>The annualized returns on three-month Bitcoin futures are currently still in contango, but have shrunk significantly since the April high and are currently around 5% for Bitcoin-enabled exchanges, with the cash-settled CME futures contract in backwardation . </p>
<p><img class="m-detail--tml-image m-image" alt="inserted image 0 (2)" decoding="async" src="https://bitcoinmagazine.com/.image/c_limit%2Ccs_srgb%2Cq_auto:good%2Cw_700/MTgxOTIwNjMzNDgxODY0MzIz/pasted-image-0-2.png" height="730" width="1305" srcset="https://bitcoinmagazine.com/data:image/gif;base64,https://bitcoinmagazine.com/R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" itemprop="contentUrl url"/></p>
<p>What should be taken away from the negative financing on perpetual futures contracts and the very depressed contango returns on BTC futures is that the reflexivity of the Bitcoin bull run is no longer there.</p>
<p>In the first few months of 2021, Grayscale was buying tons of Bitcoin, MicroStrategy hosted a virtual conference with thousands of companies on Bitcoin as a reserve investment, and traders / speculators sought margin songs on their Bitcoin positions with Bitcoin as collateral. </p>
<p>In hindsight, being able to achieve an annualized return of nearly 50% while holding a market neutral position (not exposed to the upside or downside of Bitcoin) marked the local high as not enough new capital was pouring into the asset to capture the massive arbitrage opportunities in March and April. </p>
<p><img class="m-detail--tml-image m-image mm-image--link" alt="Continue reading" decoding="async" src="https://bitcoinmagazine.com/.image/c_limit%2Ccs_srgb%2Cq_auto:good%2Cw_700/MTgxOTE1MTQ0MjQ1MjI0NTc5/screen-shot-2021-06-22-at-101721-am.png" height="416" width="1116" srcset="https://bitcoinmagazine.com/data:image/gif;base64,https://bitcoinmagazine.com/R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" itemprop="contentUrl url"/></p>
<p>The post <a rel="nofollow" href="https://cryptocurrencybloggersnews.com/30000-bitcoin-worth-breached-bitcoin-journal-bitcoin-information-articles-charts-and-guides/">$30,000 Bitcoin Worth Breached &#8211; Bitcoin Journal: Bitcoin Information, Articles, Charts, and Guides</a> appeared first on <a rel="nofollow" href="https://cryptocurrencybloggersnews.com">CRYPTO CURRENCY BLOGGERS NEWS</a>.</p>
";}s:7:"summary";s:749:"<p>Below is an excerpt from a current issue of Deep Dive, Bitcoin Magazine&#8217;s premium market newsletter. To be among the first to get this insight and other Bitcoin market research delivered to your inbox, sign up now. The sell-off in the Bitcoin market continued when the USD 30,000 mark was briefly broken yesterday. The ugly [&#8230;]</p>
<p>The post <a rel="nofollow" href="https://cryptocurrencybloggersnews.com/30000-bitcoin-worth-breached-bitcoin-journal-bitcoin-information-articles-charts-and-guides/">$30,000 Bitcoin Worth Breached &#8211; Bitcoin Journal: Bitcoin Information, Articles, Charts, and Guides</a> appeared first on <a rel="nofollow" href="https://cryptocurrencybloggersnews.com">CRYPTO CURRENCY BLOGGERS NEWS</a>.</p>
";s:12:"atom_content";s:4130:"<p></p>
<p>Below is an excerpt from a current issue of Deep Dive, Bitcoin Magazine&#8217;s premium market newsletter.  To be among the first to get this insight and other Bitcoin market research delivered to your inbox, sign up now.</p>
<p>The sell-off in the Bitcoin market continued when the USD 30,000 mark was briefly broken yesterday.  The ugly price action has worried many market participants that the bull market is over and it is very possible that Bitcoin will consolidate in an area around USD 30,000 for the time being.</p>
<p>Let&#8217;s look at what the derivatives markets are telling us.</p>
<h2>Eternal futures funding</h2>
<p>Bitcoin derivatives exchange traders have seen a significant decline, even as Bitcoin approached the $ 30,000 mark, as negative funding shows. </p>
<p>In the context of -0.02% funding, short positions pay about 22% on an annual basis for long positions just to hold a position.  It is noteworthy when perpetual Bitcoin futures contracts have negative funding for extended periods of time, meaning that large holders of the best performing asset are bearish.</p>
<p>Below is the funding rate for Bitcoin Perpetual Futures over the last year. </p>
<p><img class="m-detail--tml-image m-image" alt="inserted image 0 (1)" decoding="async" src="https://bitcoinmagazine.com/.image/c_limit%2Ccs_srgb%2Cq_auto:good%2Cw_700/MTgxOTIwNTk4NTg1MjU1MDQz/pasted-image-0-1.png" height="900" width="1600" srcset="https://bitcoinmagazine.com/data:image/gif;base64,https://bitcoinmagazine.com/R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" itemprop="contentUrl url"/></p>
<p>When looking for a solid contraindication to allocating large funds, negative funding and a futures curve in backwardation are two things to look out for.</p>
<p>The annualized returns on three-month Bitcoin futures are currently still in contango, but have shrunk significantly since the April high and are currently around 5% for Bitcoin-enabled exchanges, with the cash-settled CME futures contract in backwardation . </p>
<p><img class="m-detail--tml-image m-image" alt="inserted image 0 (2)" decoding="async" src="https://bitcoinmagazine.com/.image/c_limit%2Ccs_srgb%2Cq_auto:good%2Cw_700/MTgxOTIwNjMzNDgxODY0MzIz/pasted-image-0-2.png" height="730" width="1305" srcset="https://bitcoinmagazine.com/data:image/gif;base64,https://bitcoinmagazine.com/R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" itemprop="contentUrl url"/></p>
<p>What should be taken away from the negative financing on perpetual futures contracts and the very depressed contango returns on BTC futures is that the reflexivity of the Bitcoin bull run is no longer there.</p>
<p>In the first few months of 2021, Grayscale was buying tons of Bitcoin, MicroStrategy hosted a virtual conference with thousands of companies on Bitcoin as a reserve investment, and traders / speculators sought margin songs on their Bitcoin positions with Bitcoin as collateral. </p>
<p>In hindsight, being able to achieve an annualized return of nearly 50% while holding a market neutral position (not exposed to the upside or downside of Bitcoin) marked the local high as not enough new capital was pouring into the asset to capture the massive arbitrage opportunities in March and April. </p>
<p><img class="m-detail--tml-image m-image mm-image--link" alt="Continue reading" decoding="async" src="https://bitcoinmagazine.com/.image/c_limit%2Ccs_srgb%2Cq_auto:good%2Cw_700/MTgxOTE1MTQ0MjQ1MjI0NTc5/screen-shot-2021-06-22-at-101721-am.png" height="416" width="1116" srcset="https://bitcoinmagazine.com/data:image/gif;base64,https://bitcoinmagazine.com/R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" itemprop="contentUrl url"/></p>
<p>The post <a rel="nofollow" href="https://cryptocurrencybloggersnews.com/30000-bitcoin-worth-breached-bitcoin-journal-bitcoin-information-articles-charts-and-guides/">$30,000 Bitcoin Worth Breached &#8211; Bitcoin Journal: Bitcoin Information, Articles, Charts, and Guides</a> appeared first on <a rel="nofollow" href="https://cryptocurrencybloggersnews.com">CRYPTO CURRENCY BLOGGERS NEWS</a>.</p>
";s:14:"date_timestamp";i:1624452013;}i:2;a:11:{s:5:"title";s:60:"MicroStrategy Bets Heavy on BTC as Altcoins Lack its Attract";s:4:"link";s:100:"https://cryptocurrencybloggersnews.com/microstrategy-bets-heavy-on-btc-as-altcoins-lack-its-attract/";s:2:"dc";a:1:{s:7:"creator";s:5:"Alice";}s:7:"pubdate";s:31:"Wed, 23 Jun 2021 12:04:08 +0000";s:8:"category";s:55:"Altcoin NewsAllureAltcoinsbetsBTCHeavyLackMicroStrategy";s:4:"guid";s:47:"https://cryptocurrencybloggersnews.com/?p=19772";s:11:"description";s:704:"<p>Neither the author, Tim Fries, nor this website, The Tokenist, offer financial advice. Please consult our website guidelines before making any financial decisions. Bitcoin has been the growing center of attention in recent months. Now, Bitcoin is featured in financial news sources at least a couple of times every day. With countries, companies, and investors [&#8230;]</p>
<p>The post <a rel="nofollow" href="https://cryptocurrencybloggersnews.com/microstrategy-bets-heavy-on-btc-as-altcoins-lack-its-attract/">MicroStrategy Bets Heavy on BTC as Altcoins Lack its Attract</a> appeared first on <a rel="nofollow" href="https://cryptocurrencybloggersnews.com">CRYPTO CURRENCY BLOGGERS NEWS</a>.</p>
";s:7:"content";a:1:{s:7:"encoded";s:6944:"<p></p>
<p>Neither the author, Tim Fries, nor this website, The Tokenist, offer financial advice.  Please consult our website guidelines before making any financial decisions.</p>
<p class="has-drop-cap">Bitcoin has been the growing center of attention in recent months.  Now, Bitcoin is featured in financial news sources at least a couple of times every day.  With countries, companies, and investors still trying to piece together the future of revolutionary technology, the long-term prospects for BTC seem better than ever. </p>
<p>While the price remains volatile, large institutions continue to show interest in the asset class.  Long-time Bitcoin supporter and MicroStrategy CEO Michael Saylor is pushing for his company to buy as much BTC as possible. </p>
<h3>Micro-strategy is all in</h3>
<p>On Monday, MicroStrategy bought another 13,005 BTC and spent around $ 489 million.  Microstrategy now has an incredible 105,085 coins.  At the current price of Bitcoin, that&#8217;s over $ 3.5 billion.  To put this in perspective, MicroStrategy&#8217;s market cap is currently $ 5.4 billion.  This causes MicroStrategy&#8217;s stock to move very closely with the price of BTC. </p>
<p>Source: TradingView</p>
<p>As can be seen above, MicroStrategy stock is up nearly 400% this year alone, although it has fallen slightly as BTC price has fallen.  Microstrategy owns by far the most bitcoins of any US institution, with Tesla far behind.  Even if Microstrategy?s regular business doesn&#8217;t bring big profits, the huge investment in BTC could propel MSTR stock through the roof.  Since so much depends on the Bitcoin price, microstrategy investors rely almost more on the success of the digital asset than on the actual business. </p>
<p>Michael Saylor announced back in October that he personally owns over 17,000 BTC, which is now worth over $ 600 million.  It wouldn&#8217;t be surprising if he&#8217;d acquired even more coins, but even with that number, he&#8217;s a big whale on the Bitcoin network.  Saylor not only benefits enormously from his personal investment, but also from the success of Microstrategy with BTC.  As a big BTC advocate, Saylor continues to support large institutions with their digital asset needs. </p>
<p lang="en" dir="ltr">MicroStrategy purchased an additional 13,005 bitcoins for ~ $ 489 million in cash at an average price of ~ $ 37,617 per bitcoin.  On 6/21/21 we purchased ~ 105,085 bitcoins for ~ $ 2,741 billion at an average price of ~ $ 26,080 per bitcoin.  $ MSTRhttps: //t.co/gLfnOxZEZc</p>
<p>&#8211; Michael Saylor (@michael_saylor) June 21, 2021<br />
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<h3>Bitcoin is not DOGE</h3>
<p>After a tough month for cryptos in general, DOGE has seen more than its fair share of red.  The coin, which originally started out as a joke, gained tremendous hype and popularity, putting the price on the &#8220;moon&#8221;.  The DOGE price reached 70 cents in mid-May.  From then on, the price has fallen more than 65%, leading many to believe that the bubble has finally burst.</p>
<p><img loading="lazy" width="1024" height="560" alt="" srcset="https://mk0thetokenist81xfs9.kinstacdn.com/wp-content/uploads/2021/06/doge-price1-1024x560.png 1024w, https://mk0thetokenist81xfs9.kinstacdn.com/wp-content/uploads/2021/06/doge-price1-300x164.png 300w, https://mk0thetokenist81xfs9.kinstacdn.com/wp-content/uploads/2021/06/doge-price1-768x420.png 768w, https://mk0thetokenist81xfs9.kinstacdn.com/wp-content/uploads/2021/06/doge-price1-650x355.png 650w, https://mk0thetokenist81xfs9.kinstacdn.com/wp-content/uploads/2021/06/doge-price1-393x216.png 393w, https://mk0thetokenist81xfs9.kinstacdn.com/wp-content/uploads/2021/06/doge-price1-660x360.png 660w, https://mk0thetokenist81xfs9.kinstacdn.com/wp-content/uploads/2021/06/doge-price1.png 1378w" src="https://mk0thetokenist81xfs9.kinstacdn.com/wp-content/uploads/2021/06/doge-price1-1024x560.png" data-sizes="(max-width: 1024px) 100vw, 1024px" class="wp-image-53587 lazyload"/></p>
<p>The exciting bull market for DOGE, fueled by Elon Musk, may be over, but Bitcoin seems to be just getting started.  While Bitcoin has seen a decline from its historic 60,000 price surge in May, positive news continues to come about digital assets. </p>
<p>Countries that continue to push for the integration of BTC into their economies are a massive development for the future of cryptocurrency.  While many view China&#8217;s recent crackdown on crypto as a bad sign, other investors believe this is extremely necessary in order to keep the currency decentralized and sustainable over the long term.</p>
<p>All in all, the recent BTC takeover by MicroStrategy and the increasing global adoption of the coin during a crypto crash tells us something.  Bitcoin&#8217;s resilience has never been so tested and proven &#8211; and reliance on BTC seems to be something that most altcoins won&#8217;t enjoy, at least for a while.</p>
<h3>Five Minute Finances</h3>
<p>An email every Friday, everything that is important in the new financial age.</p>
<p>							Join for free</p>
<h3><span style="color: #F1A06E;">Brilliant!</span><br />You have subscribed.</h3>
<p>You are well on your way<br />to know.</p>
<p>Microstrategy is betting big that BTC will take the company to new heights.  The positive outlook for BTC makes the recent Microstrategy purchase even more interesting.  Do you think MSTR stock is a big buy for Bitcoin believers?  Will other big companies follow Microstrategy in buying huge amounts of Bitcoin?  Let us know in the comments!</p>
<p><h4>About the author</h4>
</p>
<p>					<img alt="Tim Fries" src="https://mk0thetokenist81xfs9.kinstacdn.com/wp-content/uploads/2021/04/tim-9-112x112.jpg" class="lazyload" bad-src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw=="/></p>
<p>				Tim Fries is the co-founder of The Tokenist.  He holds a B.Sc.  in Mechanical Engineering from the University of Michigan and an MBA from the University of Chicago Booth School of Business.  Tim was a senior associate on the investment team in the US Private Equity Division of RW Baird and is also a co-founder of Protective Technologies Capital, an investment firm specializing in sensor, protection and control solutions.
			</p>
<p>The post <a rel="nofollow" href="https://cryptocurrencybloggersnews.com/microstrategy-bets-heavy-on-btc-as-altcoins-lack-its-attract/">MicroStrategy Bets Heavy on BTC as Altcoins Lack its Attract</a> appeared first on <a rel="nofollow" href="https://cryptocurrencybloggersnews.com">CRYPTO CURRENCY BLOGGERS NEWS</a>.</p>
";}s:7:"summary";s:704:"<p>Neither the author, Tim Fries, nor this website, The Tokenist, offer financial advice. Please consult our website guidelines before making any financial decisions. Bitcoin has been the growing center of attention in recent months. Now, Bitcoin is featured in financial news sources at least a couple of times every day. With countries, companies, and investors [&#8230;]</p>
<p>The post <a rel="nofollow" href="https://cryptocurrencybloggersnews.com/microstrategy-bets-heavy-on-btc-as-altcoins-lack-its-attract/">MicroStrategy Bets Heavy on BTC as Altcoins Lack its Attract</a> appeared first on <a rel="nofollow" href="https://cryptocurrencybloggersnews.com">CRYPTO CURRENCY BLOGGERS NEWS</a>.</p>
";s:12:"atom_content";s:6944:"<p></p>
<p>Neither the author, Tim Fries, nor this website, The Tokenist, offer financial advice.  Please consult our website guidelines before making any financial decisions.</p>
<p class="has-drop-cap">Bitcoin has been the growing center of attention in recent months.  Now, Bitcoin is featured in financial news sources at least a couple of times every day.  With countries, companies, and investors still trying to piece together the future of revolutionary technology, the long-term prospects for BTC seem better than ever. </p>
<p>While the price remains volatile, large institutions continue to show interest in the asset class.  Long-time Bitcoin supporter and MicroStrategy CEO Michael Saylor is pushing for his company to buy as much BTC as possible. </p>
<h3>Micro-strategy is all in</h3>
<p>On Monday, MicroStrategy bought another 13,005 BTC and spent around $ 489 million.  Microstrategy now has an incredible 105,085 coins.  At the current price of Bitcoin, that&#8217;s over $ 3.5 billion.  To put this in perspective, MicroStrategy&#8217;s market cap is currently $ 5.4 billion.  This causes MicroStrategy&#8217;s stock to move very closely with the price of BTC. </p>
<p>Source: TradingView</p>
<p>As can be seen above, MicroStrategy stock is up nearly 400% this year alone, although it has fallen slightly as BTC price has fallen.  Microstrategy owns by far the most bitcoins of any US institution, with Tesla far behind.  Even if Microstrategy?s regular business doesn&#8217;t bring big profits, the huge investment in BTC could propel MSTR stock through the roof.  Since so much depends on the Bitcoin price, microstrategy investors rely almost more on the success of the digital asset than on the actual business. </p>
<p>Michael Saylor announced back in October that he personally owns over 17,000 BTC, which is now worth over $ 600 million.  It wouldn&#8217;t be surprising if he&#8217;d acquired even more coins, but even with that number, he&#8217;s a big whale on the Bitcoin network.  Saylor not only benefits enormously from his personal investment, but also from the success of Microstrategy with BTC.  As a big BTC advocate, Saylor continues to support large institutions with their digital asset needs. </p>
<p lang="en" dir="ltr">MicroStrategy purchased an additional 13,005 bitcoins for ~ $ 489 million in cash at an average price of ~ $ 37,617 per bitcoin.  On 6/21/21 we purchased ~ 105,085 bitcoins for ~ $ 2,741 billion at an average price of ~ $ 26,080 per bitcoin.  $ MSTRhttps: //t.co/gLfnOxZEZc</p>
<p>&#8211; Michael Saylor (@michael_saylor) June 21, 2021<br />
<img style="width: 32px; margin-bottom: 0 !important; margin-right: 7px;" alt="" src="https://mk0thetokenist81xfs9.kinstacdn.com/wp-content/uploads/2021/03/telegram-logo.png" class="lazyload" bad-src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw=="/>Join our Telegram group and stay connected with all things crypto, DeFi and finance.</p>
<h3>Bitcoin is not DOGE</h3>
<p>After a tough month for cryptos in general, DOGE has seen more than its fair share of red.  The coin, which originally started out as a joke, gained tremendous hype and popularity, putting the price on the &#8220;moon&#8221;.  The DOGE price reached 70 cents in mid-May.  From then on, the price has fallen more than 65%, leading many to believe that the bubble has finally burst.</p>
<p><img loading="lazy" width="1024" height="560" alt="" srcset="https://mk0thetokenist81xfs9.kinstacdn.com/wp-content/uploads/2021/06/doge-price1-1024x560.png 1024w, https://mk0thetokenist81xfs9.kinstacdn.com/wp-content/uploads/2021/06/doge-price1-300x164.png 300w, https://mk0thetokenist81xfs9.kinstacdn.com/wp-content/uploads/2021/06/doge-price1-768x420.png 768w, https://mk0thetokenist81xfs9.kinstacdn.com/wp-content/uploads/2021/06/doge-price1-650x355.png 650w, https://mk0thetokenist81xfs9.kinstacdn.com/wp-content/uploads/2021/06/doge-price1-393x216.png 393w, https://mk0thetokenist81xfs9.kinstacdn.com/wp-content/uploads/2021/06/doge-price1-660x360.png 660w, https://mk0thetokenist81xfs9.kinstacdn.com/wp-content/uploads/2021/06/doge-price1.png 1378w" src="https://mk0thetokenist81xfs9.kinstacdn.com/wp-content/uploads/2021/06/doge-price1-1024x560.png" data-sizes="(max-width: 1024px) 100vw, 1024px" class="wp-image-53587 lazyload"/></p>
<p>The exciting bull market for DOGE, fueled by Elon Musk, may be over, but Bitcoin seems to be just getting started.  While Bitcoin has seen a decline from its historic 60,000 price surge in May, positive news continues to come about digital assets. </p>
<p>Countries that continue to push for the integration of BTC into their economies are a massive development for the future of cryptocurrency.  While many view China&#8217;s recent crackdown on crypto as a bad sign, other investors believe this is extremely necessary in order to keep the currency decentralized and sustainable over the long term.</p>
<p>All in all, the recent BTC takeover by MicroStrategy and the increasing global adoption of the coin during a crypto crash tells us something.  Bitcoin&#8217;s resilience has never been so tested and proven &#8211; and reliance on BTC seems to be something that most altcoins won&#8217;t enjoy, at least for a while.</p>
<h3>Five Minute Finances</h3>
<p>An email every Friday, everything that is important in the new financial age.</p>
<p>							Join for free</p>
<h3><span style="color: #F1A06E;">Brilliant!</span><br />You have subscribed.</h3>
<p>You are well on your way<br />to know.</p>
<p>Microstrategy is betting big that BTC will take the company to new heights.  The positive outlook for BTC makes the recent Microstrategy purchase even more interesting.  Do you think MSTR stock is a big buy for Bitcoin believers?  Will other big companies follow Microstrategy in buying huge amounts of Bitcoin?  Let us know in the comments!</p>
<p><h4>About the author</h4>
</p>
<p>					<img alt="Tim Fries" src="https://mk0thetokenist81xfs9.kinstacdn.com/wp-content/uploads/2021/04/tim-9-112x112.jpg" class="lazyload" bad-src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw=="/></p>
<p>				Tim Fries is the co-founder of The Tokenist.  He holds a B.Sc.  in Mechanical Engineering from the University of Michigan and an MBA from the University of Chicago Booth School of Business.  Tim was a senior associate on the investment team in the US Private Equity Division of RW Baird and is also a co-founder of Protective Technologies Capital, an investment firm specializing in sensor, protection and control solutions.
			</p>
<p>The post <a rel="nofollow" href="https://cryptocurrencybloggersnews.com/microstrategy-bets-heavy-on-btc-as-altcoins-lack-its-attract/">MicroStrategy Bets Heavy on BTC as Altcoins Lack its Attract</a> appeared first on <a rel="nofollow" href="https://cryptocurrencybloggersnews.com">CRYPTO CURRENCY BLOGGERS NEWS</a>.</p>
";s:14:"date_timestamp";i:1624449848;}i:3;a:11:{s:5:"title";s:28:"What?s the cope with crypto?";s:4:"link";s:66:"https://cryptocurrencybloggersnews.com/whats-the-cope-with-crypto/";s:2:"dc";a:1:{s:7:"creator";s:5:"Alice";}s:7:"pubdate";s:31:"Wed, 23 Jun 2021 10:51:19 +0000";s:8:"category";s:29:"Crypto WalletsCryptodealWhats";s:4:"guid";s:47:"https://cryptocurrencybloggersnews.com/?p=19768";s:11:"description";s:672:"<p>We&#8217;ve seen various social media posts and online stories about cryptocurrency including the way people say they get rich, but not everyone knows what cryptocurrency is and how it works. &#8220;Cryptocurrency is a digital currency, one would say,&#8221; said OnDefend cybersecurity expert Michael McDermott. McDermott said he&#8217;s been into crypto for years. He considers cryptocurrency [&#8230;]</p>
<p>The post <a rel="nofollow" href="https://cryptocurrencybloggersnews.com/whats-the-cope-with-crypto/">What?s the cope with crypto?</a> appeared first on <a rel="nofollow" href="https://cryptocurrencybloggersnews.com">CRYPTO CURRENCY BLOGGERS NEWS</a>.</p>
";s:7:"content";a:1:{s:7:"encoded";s:5327:"<p></p>
<p class="Text__BaseText-mmkwcw-0 dRMzTN">We&#8217;ve seen various social media posts and online stories about cryptocurrency including the way people say they get rich, but not everyone knows what cryptocurrency is and how it works.</p>
<p class="Text__BaseText-mmkwcw-0 dRMzTN">&#8220;Cryptocurrency is a digital currency, one would say,&#8221; said OnDefend cybersecurity expert Michael McDermott.</p>
<p class="Text__BaseText-mmkwcw-0 dRMzTN">McDermott said he&#8217;s been into crypto for years.</p>
<p class="Text__BaseText-mmkwcw-0 dRMzTN">He considers cryptocurrency or crypto to be a very secure form of currency, it uses what is known as blockchain technology.</p>
<p class="Text__BaseText-mmkwcw-0 dRMzTN">?When you sell or buy a bitcoin (a form of crypto) it is added to this bitcoin ledger.  So you can see the entire transaction history, you can also see every wallet that it has ever been.  Some people say it&#8217;s very secure in a way because you can&#8217;t counterfeit a bitcoin, &#8220;said McDermott.</p>
<p class="Text__BaseText-mmkwcw-0 dRMzTN">There is only a certain number of bitcoins in the world, unlike one dollar, you can no longer print it.</p>
<p class="Text__BaseText-mmkwcw-0 dRMzTN">The easiest way to understand it is to think of it as money that you cannot see &#8211; which is not difficult to believe since you don&#8217;t physically see the money in your bank account every day.</p>
<p><span class="Text__BaseText-mmkwcw-0 TXBN" role="presentation">display</span></p>
<p class="Text__BaseText-mmkwcw-0 dRMzTN">?The easiest place for you to buy it is on Robinhood.  You can use PayPal to buy Bitcoin, as well as Cash App and Square, ?said McDermott.</p>
<p class="Text__BaseText-mmkwcw-0 dRMzTN">McDermott said some of the more advanced forms of cryptocurrency can be bought on Coinbase, Kraken, or Binance.</p>
<p class="Text__BaseText-mmkwcw-0 dRMzTN">As with a bank account, anyone who wants to buy crypto needs a digital wallet.</p>
<p class="Text__BaseText-mmkwcw-0 dRMzTN">This is where you will keep your money.</p>
<p class="Text__BaseText-mmkwcw-0 dRMzTN">You can either do this through a website or there are wallets that are essentially like USB devices that McDermott thinks are far more secure as long as you don&#8217;t accidentally throw them away.</p>
<p class="Text__BaseText-mmkwcw-0 dRMzTN">Aside from the big name you&#8217;ve probably heard of, Bitcoin, there are more than 10,000 different cryptocurrencies out there, according to CoinMarketCap.com.</p>
<p class="Text__BaseText-mmkwcw-0 dRMzTN">However, McDermott warns that crypto is currently a volatile market.</p>
<p class="Text__BaseText-mmkwcw-0 dRMzTN">For example, according to Coinmarketcap.com:</p>
<p><span class="Text__BaseText-mmkwcw-0 TXBN" role="presentation">display</span></p>
<ul class="Box-sc-12ejyki-0 izfRRR font_openSans articleList">
<li class="Box-sc-12ejyki-0 ewQCSW">
<p><span class="Text__BaseText-mmkwcw-0 boakWX">In April, the combined value of all cryptocurrencies was $ 2.2 trillion.</span></p>
</li>
<li class="Box-sc-12ejyki-0 ewQCSW">
<p><span class="Text__BaseText-mmkwcw-0 boakWX">In May that figure fell to $ 1.7 trillion.</span></p>
</li>
<li class="Box-sc-12ejyki-0 ewQCSW">
<p><span class="Text__BaseText-mmkwcw-0 boakWX">In April, Bitcoin was worth $ 1.2 trillion alone.</span></p>
</li>
<li class="Box-sc-12ejyki-0 ewQCSW">
<p><span class="Text__BaseText-mmkwcw-0 boakWX">In May it fell to around $ 735 billion.</span></p>
</li>
</ul>
<p class="Text__BaseText-mmkwcw-0 dRMzTN">Still a lot of money, but a significant decrease.</p>
<p class="Text__BaseText-mmkwcw-0 dRMzTN">McDermott said one reason Bitcoin and some forms of crypto aren&#8217;t being used everywhere right now is because of the time it takes.</p>
<p class="Text__BaseText-mmkwcw-0 dRMzTN">&#8220;The problem is when I send you bitcoin it can take anywhere from 15 minutes to an hour, and that&#8217;s because what&#8217;s going on in the background for this blockchain to be created requires a lot of validation,&#8221; said McDermott.</p>
<p class="Text__BaseText-mmkwcw-0 dRMzTN">More and more companies have started using crypto as a means of payment, including:</p>
<ul class="Box-sc-12ejyki-0 izfRRR font_openSans articleList">
<li class="Box-sc-12ejyki-0 ewQCSW">
<p><span class="Text__BaseText-mmkwcw-0 boakWX">Overstock</span></p>
</li>
<li class="Box-sc-12ejyki-0 ewQCSW">
<p><span class="Text__BaseText-mmkwcw-0 boakWX">Microsoft</span></p>
</li>
<li class="Box-sc-12ejyki-0 ewQCSW">
<p><span class="Text__BaseText-mmkwcw-0 boakWX">EGifter, a website where you can buy gift cards online</span></p>
</li>
<li class="Box-sc-12ejyki-0 ewQCSW">
<p><span class="Text__BaseText-mmkwcw-0 boakWX">Expedia</span></p>
</li>
<li class="Box-sc-12ejyki-0 ewQCSW">
<p><span class="Text__BaseText-mmkwcw-0 boakWX">You can even donate to Wikipedia and the nonprofit Save the Children with Bitcoin.</span></p>
</li>
</ul>
<p>Copyright 2021 by WJXT News4Jax &#8211; All rights reserved.</p>
<p>The post <a rel="nofollow" href="https://cryptocurrencybloggersnews.com/whats-the-cope-with-crypto/">What?s the cope with crypto?</a> appeared first on <a rel="nofollow" href="https://cryptocurrencybloggersnews.com">CRYPTO CURRENCY BLOGGERS NEWS</a>.</p>
";}s:7:"summary";s:672:"<p>We&#8217;ve seen various social media posts and online stories about cryptocurrency including the way people say they get rich, but not everyone knows what cryptocurrency is and how it works. &#8220;Cryptocurrency is a digital currency, one would say,&#8221; said OnDefend cybersecurity expert Michael McDermott. McDermott said he&#8217;s been into crypto for years. He considers cryptocurrency [&#8230;]</p>
<p>The post <a rel="nofollow" href="https://cryptocurrencybloggersnews.com/whats-the-cope-with-crypto/">What?s the cope with crypto?</a> appeared first on <a rel="nofollow" href="https://cryptocurrencybloggersnews.com">CRYPTO CURRENCY BLOGGERS NEWS</a>.</p>
";s:12:"atom_content";s:5327:"<p></p>
<p class="Text__BaseText-mmkwcw-0 dRMzTN">We&#8217;ve seen various social media posts and online stories about cryptocurrency including the way people say they get rich, but not everyone knows what cryptocurrency is and how it works.</p>
<p class="Text__BaseText-mmkwcw-0 dRMzTN">&#8220;Cryptocurrency is a digital currency, one would say,&#8221; said OnDefend cybersecurity expert Michael McDermott.</p>
<p class="Text__BaseText-mmkwcw-0 dRMzTN">McDermott said he&#8217;s been into crypto for years.</p>
<p class="Text__BaseText-mmkwcw-0 dRMzTN">He considers cryptocurrency or crypto to be a very secure form of currency, it uses what is known as blockchain technology.</p>
<p class="Text__BaseText-mmkwcw-0 dRMzTN">?When you sell or buy a bitcoin (a form of crypto) it is added to this bitcoin ledger.  So you can see the entire transaction history, you can also see every wallet that it has ever been.  Some people say it&#8217;s very secure in a way because you can&#8217;t counterfeit a bitcoin, &#8220;said McDermott.</p>
<p class="Text__BaseText-mmkwcw-0 dRMzTN">There is only a certain number of bitcoins in the world, unlike one dollar, you can no longer print it.</p>
<p class="Text__BaseText-mmkwcw-0 dRMzTN">The easiest way to understand it is to think of it as money that you cannot see &#8211; which is not difficult to believe since you don&#8217;t physically see the money in your bank account every day.</p>
<p><span class="Text__BaseText-mmkwcw-0 TXBN" role="presentation">display</span></p>
<p class="Text__BaseText-mmkwcw-0 dRMzTN">?The easiest place for you to buy it is on Robinhood.  You can use PayPal to buy Bitcoin, as well as Cash App and Square, ?said McDermott.</p>
<p class="Text__BaseText-mmkwcw-0 dRMzTN">McDermott said some of the more advanced forms of cryptocurrency can be bought on Coinbase, Kraken, or Binance.</p>
<p class="Text__BaseText-mmkwcw-0 dRMzTN">As with a bank account, anyone who wants to buy crypto needs a digital wallet.</p>
<p class="Text__BaseText-mmkwcw-0 dRMzTN">This is where you will keep your money.</p>
<p class="Text__BaseText-mmkwcw-0 dRMzTN">You can either do this through a website or there are wallets that are essentially like USB devices that McDermott thinks are far more secure as long as you don&#8217;t accidentally throw them away.</p>
<p class="Text__BaseText-mmkwcw-0 dRMzTN">Aside from the big name you&#8217;ve probably heard of, Bitcoin, there are more than 10,000 different cryptocurrencies out there, according to CoinMarketCap.com.</p>
<p class="Text__BaseText-mmkwcw-0 dRMzTN">However, McDermott warns that crypto is currently a volatile market.</p>
<p class="Text__BaseText-mmkwcw-0 dRMzTN">For example, according to Coinmarketcap.com:</p>
<p><span class="Text__BaseText-mmkwcw-0 TXBN" role="presentation">display</span></p>
<ul class="Box-sc-12ejyki-0 izfRRR font_openSans articleList">
<li class="Box-sc-12ejyki-0 ewQCSW">
<p><span class="Text__BaseText-mmkwcw-0 boakWX">In April, the combined value of all cryptocurrencies was $ 2.2 trillion.</span></p>
</li>
<li class="Box-sc-12ejyki-0 ewQCSW">
<p><span class="Text__BaseText-mmkwcw-0 boakWX">In May that figure fell to $ 1.7 trillion.</span></p>
</li>
<li class="Box-sc-12ejyki-0 ewQCSW">
<p><span class="Text__BaseText-mmkwcw-0 boakWX">In April, Bitcoin was worth $ 1.2 trillion alone.</span></p>
</li>
<li class="Box-sc-12ejyki-0 ewQCSW">
<p><span class="Text__BaseText-mmkwcw-0 boakWX">In May it fell to around $ 735 billion.</span></p>
</li>
</ul>
<p class="Text__BaseText-mmkwcw-0 dRMzTN">Still a lot of money, but a significant decrease.</p>
<p class="Text__BaseText-mmkwcw-0 dRMzTN">McDermott said one reason Bitcoin and some forms of crypto aren&#8217;t being used everywhere right now is because of the time it takes.</p>
<p class="Text__BaseText-mmkwcw-0 dRMzTN">&#8220;The problem is when I send you bitcoin it can take anywhere from 15 minutes to an hour, and that&#8217;s because what&#8217;s going on in the background for this blockchain to be created requires a lot of validation,&#8221; said McDermott.</p>
<p class="Text__BaseText-mmkwcw-0 dRMzTN">More and more companies have started using crypto as a means of payment, including:</p>
<ul class="Box-sc-12ejyki-0 izfRRR font_openSans articleList">
<li class="Box-sc-12ejyki-0 ewQCSW">
<p><span class="Text__BaseText-mmkwcw-0 boakWX">Overstock</span></p>
</li>
<li class="Box-sc-12ejyki-0 ewQCSW">
<p><span class="Text__BaseText-mmkwcw-0 boakWX">Microsoft</span></p>
</li>
<li class="Box-sc-12ejyki-0 ewQCSW">
<p><span class="Text__BaseText-mmkwcw-0 boakWX">EGifter, a website where you can buy gift cards online</span></p>
</li>
<li class="Box-sc-12ejyki-0 ewQCSW">
<p><span class="Text__BaseText-mmkwcw-0 boakWX">Expedia</span></p>
</li>
<li class="Box-sc-12ejyki-0 ewQCSW">
<p><span class="Text__BaseText-mmkwcw-0 boakWX">You can even donate to Wikipedia and the nonprofit Save the Children with Bitcoin.</span></p>
</li>
</ul>
<p>Copyright 2021 by WJXT News4Jax &#8211; All rights reserved.</p>
<p>The post <a rel="nofollow" href="https://cryptocurrencybloggersnews.com/whats-the-cope-with-crypto/">What?s the cope with crypto?</a> appeared first on <a rel="nofollow" href="https://cryptocurrencybloggersnews.com">CRYPTO CURRENCY BLOGGERS NEWS</a>.</p>
";s:14:"date_timestamp";i:1624445479;}i:4;a:11:{s:5:"title";s:64:"Mideast Joins Bitcoin Craze With First Crypto Itemizing in Dubai";s:4:"link";s:104:"https://cryptocurrencybloggersnews.com/mideast-joins-bitcoin-craze-with-first-crypto-itemizing-in-dubai/";s:2:"dc";a:1:{s:7:"creator";s:5:"Alice";}s:7:"pubdate";s:31:"Wed, 23 Jun 2021 10:39:05 +0000";s:8:"category";s:54:"Bitcoin NewsBitcoinCrazeCryptoDubaijoinsListingMideast";s:4:"guid";s:47:"https://cryptocurrencybloggersnews.com/?p=19764";s:11:"description";s:659:"<p>(Bloomberg) &#8211; Bitcoin Fund, listed on Nasdaq Dubai on Wednesday, is the first of its kind to trade in the Middle East as cryptocurrencies gain global attention. The stock was trading at $ 38.40 at 12:05 p.m. local time, up 11% from a reference price of $ 34.57, according to prices on the Nasdaq Dubai [&#8230;]</p>
<p>The post <a rel="nofollow" href="https://cryptocurrencybloggersnews.com/mideast-joins-bitcoin-craze-with-first-crypto-itemizing-in-dubai/">Mideast Joins Bitcoin Craze With First Crypto Itemizing in Dubai</a> appeared first on <a rel="nofollow" href="https://cryptocurrencybloggersnews.com">CRYPTO CURRENCY BLOGGERS NEWS</a>.</p>
";s:7:"content";a:1:{s:7:"encoded";s:1722:"<p></p>
<p>(Bloomberg) &#8211;</p>
<p>Bitcoin Fund, listed on Nasdaq Dubai on Wednesday, is the first of its kind to trade in the Middle East as cryptocurrencies gain global attention.</p>
<p>The stock was trading at $ 38.40 at 12:05 p.m. local time, up 11% from a reference price of $ 34.57, according to prices on the Nasdaq Dubai website.</p>
<p>The Canadian fund was the first of its kind to be listed on a major Toronto stock exchange last year.  The intent of listing in Dubai is to be traded around the world around the clock.</p>
<p>According to the prospectus, the Bitcoin Fund invests in long-term holdings of Bitcoin as a safer alternative to direct investments in the cryptocurrency.  The fund does not speculate on short-term changes in Bitcoin prices.</p>
<p>Just six weeks ago, Bitcoin was trading at nearly $ 60,000 amid a warmer hug from Wall Street and retail investors.  But negative attention to energy usage, mainly generated by Elon Musk of Tesla Inc., as well as crackdowns from China have seen a decline in recent weeks, with the price briefly falling below the all-important $ 30,000 mark on Tuesday is.</p>
<p>Bitcoin is bouncing back after falling below the $ 30,000 mark</p>
<p>More stories like this can be found on Bloomberg.com</p>
<p>Subscribe now to stay one step ahead with the most trusted business news source.</p>
<p>© 2021 Bloomberg LP</p>
<p>The post <a rel="nofollow" href="https://cryptocurrencybloggersnews.com/mideast-joins-bitcoin-craze-with-first-crypto-itemizing-in-dubai/">Mideast Joins Bitcoin Craze With First Crypto Itemizing in Dubai</a> appeared first on <a rel="nofollow" href="https://cryptocurrencybloggersnews.com">CRYPTO CURRENCY BLOGGERS NEWS</a>.</p>
";}s:7:"summary";s:659:"<p>(Bloomberg) &#8211; Bitcoin Fund, listed on Nasdaq Dubai on Wednesday, is the first of its kind to trade in the Middle East as cryptocurrencies gain global attention. The stock was trading at $ 38.40 at 12:05 p.m. local time, up 11% from a reference price of $ 34.57, according to prices on the Nasdaq Dubai [&#8230;]</p>
<p>The post <a rel="nofollow" href="https://cryptocurrencybloggersnews.com/mideast-joins-bitcoin-craze-with-first-crypto-itemizing-in-dubai/">Mideast Joins Bitcoin Craze With First Crypto Itemizing in Dubai</a> appeared first on <a rel="nofollow" href="https://cryptocurrencybloggersnews.com">CRYPTO CURRENCY BLOGGERS NEWS</a>.</p>
";s:12:"atom_content";s:1722:"<p></p>
<p>(Bloomberg) &#8211;</p>
<p>Bitcoin Fund, listed on Nasdaq Dubai on Wednesday, is the first of its kind to trade in the Middle East as cryptocurrencies gain global attention.</p>
<p>The stock was trading at $ 38.40 at 12:05 p.m. local time, up 11% from a reference price of $ 34.57, according to prices on the Nasdaq Dubai website.</p>
<p>The Canadian fund was the first of its kind to be listed on a major Toronto stock exchange last year.  The intent of listing in Dubai is to be traded around the world around the clock.</p>
<p>According to the prospectus, the Bitcoin Fund invests in long-term holdings of Bitcoin as a safer alternative to direct investments in the cryptocurrency.  The fund does not speculate on short-term changes in Bitcoin prices.</p>
<p>Just six weeks ago, Bitcoin was trading at nearly $ 60,000 amid a warmer hug from Wall Street and retail investors.  But negative attention to energy usage, mainly generated by Elon Musk of Tesla Inc., as well as crackdowns from China have seen a decline in recent weeks, with the price briefly falling below the all-important $ 30,000 mark on Tuesday is.</p>
<p>Bitcoin is bouncing back after falling below the $ 30,000 mark</p>
<p>More stories like this can be found on Bloomberg.com</p>
<p>Subscribe now to stay one step ahead with the most trusted business news source.</p>
<p>© 2021 Bloomberg LP</p>
<p>The post <a rel="nofollow" href="https://cryptocurrencybloggersnews.com/mideast-joins-bitcoin-craze-with-first-crypto-itemizing-in-dubai/">Mideast Joins Bitcoin Craze With First Crypto Itemizing in Dubai</a> appeared first on <a rel="nofollow" href="https://cryptocurrencybloggersnews.com">CRYPTO CURRENCY BLOGGERS NEWS</a>.</p>
";s:14:"date_timestamp";i:1624444745;}i:5;a:11:{s:5:"title";s:119:"AntChain Launches Developer Help Program to Foster International Collaboration on Blockchain and Different Improvements";s:4:"link";s:159:"https://cryptocurrencybloggersnews.com/antchain-launches-developer-help-program-to-foster-international-collaboration-on-blockchain-and-different-improvements/";s:2:"dc";a:1:{s:7:"creator";s:5:"Alice";}s:7:"pubdate";s:31:"Wed, 23 Jun 2021 10:05:33 +0000";s:8:"category";s:100:"Blockchain NewsAntChainBlockchaincollaborationDeveloperFosterGlobalInnovationsLaunchesProgramsupport";s:4:"guid";s:46:"http://cryptocurrencybloggersnews.com/?p=19760";s:11:"description";s:856:"<p>HANGZHOU, China &#8211; (BUSINESS WIRE) &#8211; AntChain, the Ant Group technology brand, today launched a program to support the developer community at its first developer conference. The program aims to further promote trustworthy cooperation networks in the industry with blockchain, secure computing, IoT and other innovative technologies. This new program brings the technical know-how and [&#8230;]</p>
<p>The post <a rel="nofollow" href="https://cryptocurrencybloggersnews.com/antchain-launches-developer-help-program-to-foster-international-collaboration-on-blockchain-and-different-improvements/">AntChain Launches Developer Help Program to Foster International Collaboration on Blockchain and Different Improvements</a> appeared first on <a rel="nofollow" href="https://cryptocurrencybloggersnews.com">CRYPTO CURRENCY BLOGGERS NEWS</a>.</p>
";s:7:"content";a:1:{s:7:"encoded";s:5371:"<p></p>
<p>HANGZHOU, China &#8211; (<span itemprop="provider publisher copyrightHolder" itemscope="itemscope" itemtype="https://schema.org/Organization" itemid="https://www.businesswire.com"><span itemprop="name">BUSINESS WIRE</span></span>) &#8211; AntChain, the Ant Group technology brand, today launched a program to support the developer community at its first developer conference.  The program aims to further promote trustworthy cooperation networks in the industry with blockchain, secure computing, IoT and other innovative technologies.
</p>
<p>This new program brings the technical know-how and industry experience of AntChain partners and developers available on a variety of platforms.  Among other things, the AntChain open technology platform will serve to accelerate the development of blockchain applications and reduce costs, while the AntChain open business ecosystem will help connect partners and developers with complementary business opportunities and operational resources.  A new talent certification system has also been introduced to support the career development of technical professionals through training and certification standards.
</p>
<p>To date, AntChain&#8217;s developer community includes over 330 institutional partners and nearly 10,000 developers who have together developed over 30 innovative industry applications, including an electronic eSign contract service and a blockchain-powered rural property trading platform with NDSCSoft.
</p>
<p>&#8220;With the further digitization of our economy and society, trends have shifted from the digitization of individual organizations to the digitization of industrial partnerships and collaborations,&#8221; said Geoff Jiang, President of the Intelligent Technology Business Group of the Ant Group.  &#8220;We strive to work more closely with our partners and developers to unlock new synergies, address weaknesses in industrial collaborations and uncover greater value for the global economy and our societies.&#8221;
</p>
<p>During the conference, developers from various industries also shared their experiences and best practices for integrating AntChain&#8217;s technology into their day-to-day operations.  &#8220;AntChain&#8217;s technology can help increase the efficiency of multi-party collaborations while building confidence in traditional rural property transactions, which in turn acts as a smoother and more efficient solution for clients in rural areas,&#8221; said Wang Liping, deputy general manager by NDSCSoft.
</p>
<p>At today&#8217;s conference, AntChain also announced the launch of a number of new innovative technologies and products, including the Blockchain Transmission Network (BTN), a high-speed, long-distance blockchain communication technology, and the AntChain Module-as-a-Service (MaaS) Integrated computing module for simplified blockchain provision.
</p>
<p>BTN improves data throughput and the stability of blockchains through high-speed communication technology.  It can increase the throughput of a blockchain network by 186%, reduce its bandwidth costs by 80%, and reduce transmission latency by 40%.
</p>
<p>AntChain MaaS lowers the technical and financial costs of deploying blockchain hardware and ensures the security and immutability of data transmission with technologies such as silicon root of trust, digital signature at the source and end-to-cloud integration.
</p>
<p>AntChain&#8217;s technologies and solutions have been deployed in 50+ use cases, typically involving multi-party collaborations, including supply chain finance, IT leasing, global shipping, cross-border transfers and more.  On June 10, AntChain also announced a five-year global partnership with UEFA to jointly explore how blockchain technology can be used to accelerate the football industry&#8217;s digital transformation.
</p>
<p>About AntChain
</p>
<p>AntChain is the technology brand of the Ant Group.  According to IPR Daily and the IncoPat patent database, the Ant Group held the highest number of published blockchain-related patent applications between 2017 and the six months ended June 30, 2020.  Since the Ant Group&#8217;s blockchain business started in 2016, the company has pioneered the use of AntChain in over 50 commercial blockchain applications and use cases, including supply chain finance, cross-border remittance, charitable donations, and product lineage.
</p>
<p>The AntChain platform consists of three layers, including the underlying open blockchain-as-a-service platform, the digitization of assets and the circulation of digitized assets.  By enabling companies to digitize their assets and transactions, AntChain creates trust in collaborations with multiple parties.  In the twelve months to June 30, 2020, the AntChain platform generated over 100 million daily active items such as patents, vouchers and warehouse receipts.
</p>
<p><span class="bwct31415"/></p>
<p>The post <a rel="nofollow" href="https://cryptocurrencybloggersnews.com/antchain-launches-developer-help-program-to-foster-international-collaboration-on-blockchain-and-different-improvements/">AntChain Launches Developer Help Program to Foster International Collaboration on Blockchain and Different Improvements</a> appeared first on <a rel="nofollow" href="https://cryptocurrencybloggersnews.com">CRYPTO CURRENCY BLOGGERS NEWS</a>.</p>
";}s:7:"summary";s:856:"<p>HANGZHOU, China &#8211; (BUSINESS WIRE) &#8211; AntChain, the Ant Group technology brand, today launched a program to support the developer community at its first developer conference. The program aims to further promote trustworthy cooperation networks in the industry with blockchain, secure computing, IoT and other innovative technologies. This new program brings the technical know-how and [&#8230;]</p>
<p>The post <a rel="nofollow" href="https://cryptocurrencybloggersnews.com/antchain-launches-developer-help-program-to-foster-international-collaboration-on-blockchain-and-different-improvements/">AntChain Launches Developer Help Program to Foster International Collaboration on Blockchain and Different Improvements</a> appeared first on <a rel="nofollow" href="https://cryptocurrencybloggersnews.com">CRYPTO CURRENCY BLOGGERS NEWS</a>.</p>
";s:12:"atom_content";s:5371:"<p></p>
<p>HANGZHOU, China &#8211; (<span itemprop="provider publisher copyrightHolder" itemscope="itemscope" itemtype="https://schema.org/Organization" itemid="https://www.businesswire.com"><span itemprop="name">BUSINESS WIRE</span></span>) &#8211; AntChain, the Ant Group technology brand, today launched a program to support the developer community at its first developer conference.  The program aims to further promote trustworthy cooperation networks in the industry with blockchain, secure computing, IoT and other innovative technologies.
</p>
<p>This new program brings the technical know-how and industry experience of AntChain partners and developers available on a variety of platforms.  Among other things, the AntChain open technology platform will serve to accelerate the development of blockchain applications and reduce costs, while the AntChain open business ecosystem will help connect partners and developers with complementary business opportunities and operational resources.  A new talent certification system has also been introduced to support the career development of technical professionals through training and certification standards.
</p>
<p>To date, AntChain&#8217;s developer community includes over 330 institutional partners and nearly 10,000 developers who have together developed over 30 innovative industry applications, including an electronic eSign contract service and a blockchain-powered rural property trading platform with NDSCSoft.
</p>
<p>&#8220;With the further digitization of our economy and society, trends have shifted from the digitization of individual organizations to the digitization of industrial partnerships and collaborations,&#8221; said Geoff Jiang, President of the Intelligent Technology Business Group of the Ant Group.  &#8220;We strive to work more closely with our partners and developers to unlock new synergies, address weaknesses in industrial collaborations and uncover greater value for the global economy and our societies.&#8221;
</p>
<p>During the conference, developers from various industries also shared their experiences and best practices for integrating AntChain&#8217;s technology into their day-to-day operations.  &#8220;AntChain&#8217;s technology can help increase the efficiency of multi-party collaborations while building confidence in traditional rural property transactions, which in turn acts as a smoother and more efficient solution for clients in rural areas,&#8221; said Wang Liping, deputy general manager by NDSCSoft.
</p>
<p>At today&#8217;s conference, AntChain also announced the launch of a number of new innovative technologies and products, including the Blockchain Transmission Network (BTN), a high-speed, long-distance blockchain communication technology, and the AntChain Module-as-a-Service (MaaS) Integrated computing module for simplified blockchain provision.
</p>
<p>BTN improves data throughput and the stability of blockchains through high-speed communication technology.  It can increase the throughput of a blockchain network by 186%, reduce its bandwidth costs by 80%, and reduce transmission latency by 40%.
</p>
<p>AntChain MaaS lowers the technical and financial costs of deploying blockchain hardware and ensures the security and immutability of data transmission with technologies such as silicon root of trust, digital signature at the source and end-to-cloud integration.
</p>
<p>AntChain&#8217;s technologies and solutions have been deployed in 50+ use cases, typically involving multi-party collaborations, including supply chain finance, IT leasing, global shipping, cross-border transfers and more.  On June 10, AntChain also announced a five-year global partnership with UEFA to jointly explore how blockchain technology can be used to accelerate the football industry&#8217;s digital transformation.
</p>
<p>About AntChain
</p>
<p>AntChain is the technology brand of the Ant Group.  According to IPR Daily and the IncoPat patent database, the Ant Group held the highest number of published blockchain-related patent applications between 2017 and the six months ended June 30, 2020.  Since the Ant Group&#8217;s blockchain business started in 2016, the company has pioneered the use of AntChain in over 50 commercial blockchain applications and use cases, including supply chain finance, cross-border remittance, charitable donations, and product lineage.
</p>
<p>The AntChain platform consists of three layers, including the underlying open blockchain-as-a-service platform, the digitization of assets and the circulation of digitized assets.  By enabling companies to digitize their assets and transactions, AntChain creates trust in collaborations with multiple parties.  In the twelve months to June 30, 2020, the AntChain platform generated over 100 million daily active items such as patents, vouchers and warehouse receipts.
</p>
<p><span class="bwct31415"/></p>
<p>The post <a rel="nofollow" href="https://cryptocurrencybloggersnews.com/antchain-launches-developer-help-program-to-foster-international-collaboration-on-blockchain-and-different-improvements/">AntChain Launches Developer Help Program to Foster International Collaboration on Blockchain and Different Improvements</a> appeared first on <a rel="nofollow" href="https://cryptocurrencybloggersnews.com">CRYPTO CURRENCY BLOGGERS NEWS</a>.</p>
";s:14:"date_timestamp";i:1624442733;}i:6;a:11:{s:5:"title";s:60:"Bitcoin and Ethereum Spike Larger, Altcoins Begin Recovering";s:4:"link";s:99:"https://cryptocurrencybloggersnews.com/bitcoin-and-ethereum-spike-larger-altcoins-begin-recovering/";s:2:"dc";a:1:{s:7:"creator";s:5:"Alice";}s:7:"pubdate";s:31:"Wed, 23 Jun 2021 10:02:54 +0000";s:8:"category";s:61:"Altcoin NewsAltcoinsBitcoinEthereumhigherRecoveringspikeStart";s:4:"guid";s:46:"http://cryptocurrencybloggersnews.com/?p=19756";s:11:"description";s:664:"<p>Bitcoin price extended its decline below the USD 30,000 support zone yesterday. BTC tested the USD 28,800 zone before initiating a sharp surge. It is currently testing (04:40 UTC) the $ 34,000 level. Likewise, most large altcoins are recovering. ETH fell to the $ 1,700 level before bouncing back above $ 2,000. XRP / USD [&#8230;]</p>
<p>The post <a rel="nofollow" href="https://cryptocurrencybloggersnews.com/bitcoin-and-ethereum-spike-larger-altcoins-begin-recovering/">Bitcoin and Ethereum Spike Larger, Altcoins Begin Recovering</a> appeared first on <a rel="nofollow" href="https://cryptocurrencybloggersnews.com">CRYPTO CURRENCY BLOGGERS NEWS</a>.</p>
";s:7:"content";a:1:{s:7:"encoded";s:3434:"<p></p>
<p>Bitcoin price extended its decline below the USD 30,000 support zone yesterday.  BTC tested the USD 28,800 zone before initiating a sharp surge.  It is currently testing (04:40 UTC) the $ 34,000 level.</p>
<p>Likewise, most large altcoins are recovering.  ETH fell to the $ 1,700 level before bouncing back above $ 2,000.  XRP / USD dipped towards the USD 0.500 support before the bulls took control.</p>
<p>Total market capitalization </p>
<p>Source: www.tradingview.com</p>
<h2 data-param="1" id="bitcoin-price-">Bitcoin price </h2>
<p>There were additional losses in Bitcoin price below the USD 32,000 support zone.  BTC gained bearish momentum, even climbing below the USD 30,000 support.  It tested $ 28,800 before the bulls showed up.  The price started spiking above the $ 30,000 mark.  He even climbed over $ 32,000 and $ 33,500.<br />If the price breaks $ 34,000, it could test the important $ 35,000 resistance.  On the downside, initial support is near the $ 33,200 level.  The main support is now at $ 32,500, below which there is a risk of falling towards $ 31,200.</p>
<h2 data-param="1" id="ethereum-price-">Ethereum price </h2>
<p>Ethereum price also followed a similar pattern, rising towards the $ 1,700 level.  Most recently there has been a strong upward move above the USD 1,850 and USD 1,900 levels.  The price even climbed above $ 2,000, but sellers could face near the $ 2,080 and $ 2,100 levels.<br />Initial support is near the USD 1,950 mark.  The next major support is now forming near the $ 1,880 mark, below which the price could hit $ 1,700 again.</p>
<h2 data-param="1" id="bnb-ltc-doge-and-xrp-price-">BNB, LTC, DOGE and XRP prices </h2>
<p>Binance Coin (BNB) even broke the USD 250 and USD 240 support levels.  The NBB rose towards USD 225 before the bulls took a stand.  The price is back above $ 250 and is picking up pace above the $ 280 level.  The next major resistance is near the USD 300 mark.<br />Litecoin (LTC) rose below the USD 112 support zone.  LTC tested $ 105 before a decent rebound began.  The price is back above the $ 125 but could face resistance near the $ 132 and $ 135 levels.<br />Dogecoin (DOGE) fell sharply below the USD 0.20 and USD 0.18 support levels.  It even tested $ 0.165 before bouncing up.  On the flip side, the price is now encountering resistance near $ 0.212 and $ 0.220 for the short term.<br />XRP price remained in a bearish zone, extending its decline below the $ 0.550 support.  It tested the $ 0.500 zone before correcting up.  The price is back above $ 0.600 but could struggle at $ 0.620.  The main resistance is now forming near the USD 0.650 level.</p>
<h2 data-param="1" id="other-altcoins-market-today-">Different Altcoins Market Today </h2>
<p>Many altcoins gained over 5%, including LPT, CELO, NEXO, FIL, HNT, LEO, COMP, MKR, HBAR, ZEC, UNI and SOL.  Of these, LPT is up over 23%, breaking the $ 25 mark.</p>
<p>Overall, Bitcoin price is picking up pace above the $ 33,000 mark.  If BTC breaks through USD 34,000, it could even cross the resistance zone of USD 35,000 in the coming sessions.</p>
<p>The post <a rel="nofollow" href="https://cryptocurrencybloggersnews.com/bitcoin-and-ethereum-spike-larger-altcoins-begin-recovering/">Bitcoin and Ethereum Spike Larger, Altcoins Begin Recovering</a> appeared first on <a rel="nofollow" href="https://cryptocurrencybloggersnews.com">CRYPTO CURRENCY BLOGGERS NEWS</a>.</p>
";}s:7:"summary";s:664:"<p>Bitcoin price extended its decline below the USD 30,000 support zone yesterday. BTC tested the USD 28,800 zone before initiating a sharp surge. It is currently testing (04:40 UTC) the $ 34,000 level. Likewise, most large altcoins are recovering. ETH fell to the $ 1,700 level before bouncing back above $ 2,000. XRP / USD [&#8230;]</p>
<p>The post <a rel="nofollow" href="https://cryptocurrencybloggersnews.com/bitcoin-and-ethereum-spike-larger-altcoins-begin-recovering/">Bitcoin and Ethereum Spike Larger, Altcoins Begin Recovering</a> appeared first on <a rel="nofollow" href="https://cryptocurrencybloggersnews.com">CRYPTO CURRENCY BLOGGERS NEWS</a>.</p>
";s:12:"atom_content";s:3434:"<p></p>
<p>Bitcoin price extended its decline below the USD 30,000 support zone yesterday.  BTC tested the USD 28,800 zone before initiating a sharp surge.  It is currently testing (04:40 UTC) the $ 34,000 level.</p>
<p>Likewise, most large altcoins are recovering.  ETH fell to the $ 1,700 level before bouncing back above $ 2,000.  XRP / USD dipped towards the USD 0.500 support before the bulls took control.</p>
<p>Total market capitalization </p>
<p>Source: www.tradingview.com</p>
<h2 data-param="1" id="bitcoin-price-">Bitcoin price </h2>
<p>There were additional losses in Bitcoin price below the USD 32,000 support zone.  BTC gained bearish momentum, even climbing below the USD 30,000 support.  It tested $ 28,800 before the bulls showed up.  The price started spiking above the $ 30,000 mark.  He even climbed over $ 32,000 and $ 33,500.<br />If the price breaks $ 34,000, it could test the important $ 35,000 resistance.  On the downside, initial support is near the $ 33,200 level.  The main support is now at $ 32,500, below which there is a risk of falling towards $ 31,200.</p>
<h2 data-param="1" id="ethereum-price-">Ethereum price </h2>
<p>Ethereum price also followed a similar pattern, rising towards the $ 1,700 level.  Most recently there has been a strong upward move above the USD 1,850 and USD 1,900 levels.  The price even climbed above $ 2,000, but sellers could face near the $ 2,080 and $ 2,100 levels.<br />Initial support is near the USD 1,950 mark.  The next major support is now forming near the $ 1,880 mark, below which the price could hit $ 1,700 again.</p>
<h2 data-param="1" id="bnb-ltc-doge-and-xrp-price-">BNB, LTC, DOGE and XRP prices </h2>
<p>Binance Coin (BNB) even broke the USD 250 and USD 240 support levels.  The NBB rose towards USD 225 before the bulls took a stand.  The price is back above $ 250 and is picking up pace above the $ 280 level.  The next major resistance is near the USD 300 mark.<br />Litecoin (LTC) rose below the USD 112 support zone.  LTC tested $ 105 before a decent rebound began.  The price is back above the $ 125 but could face resistance near the $ 132 and $ 135 levels.<br />Dogecoin (DOGE) fell sharply below the USD 0.20 and USD 0.18 support levels.  It even tested $ 0.165 before bouncing up.  On the flip side, the price is now encountering resistance near $ 0.212 and $ 0.220 for the short term.<br />XRP price remained in a bearish zone, extending its decline below the $ 0.550 support.  It tested the $ 0.500 zone before correcting up.  The price is back above $ 0.600 but could struggle at $ 0.620.  The main resistance is now forming near the USD 0.650 level.</p>
<h2 data-param="1" id="other-altcoins-market-today-">Different Altcoins Market Today </h2>
<p>Many altcoins gained over 5%, including LPT, CELO, NEXO, FIL, HNT, LEO, COMP, MKR, HBAR, ZEC, UNI and SOL.  Of these, LPT is up over 23%, breaking the $ 25 mark.</p>
<p>Overall, Bitcoin price is picking up pace above the $ 33,000 mark.  If BTC breaks through USD 34,000, it could even cross the resistance zone of USD 35,000 in the coming sessions.</p>
<p>The post <a rel="nofollow" href="https://cryptocurrencybloggersnews.com/bitcoin-and-ethereum-spike-larger-altcoins-begin-recovering/">Bitcoin and Ethereum Spike Larger, Altcoins Begin Recovering</a> appeared first on <a rel="nofollow" href="https://cryptocurrencybloggersnews.com">CRYPTO CURRENCY BLOGGERS NEWS</a>.</p>
";s:14:"date_timestamp";i:1624442574;}i:7;a:11:{s:5:"title";s:63:"ASIC Maker Canaan Diversifies Into Bitcoin Mining in Kazakhstan";s:4:"link";s:103:"https://cryptocurrencybloggersnews.com/asic-maker-canaan-diversifies-into-bitcoin-mining-in-kazakhstan/";s:2:"dc";a:1:{s:7:"creator";s:5:"Alice";}s:7:"pubdate";s:31:"Wed, 23 Jun 2021 08:37:55 +0000";s:8:"category";s:61:"Bitcoin NewsASICBitcoinCanaanDiversifiesKazakhstanmakermining";s:4:"guid";s:47:"https://cryptocurrencybloggersnews.com/?p=19753";s:11:"description";s:678:"<p>Canaan, one of the largest manufacturers of Bitcoin mining machines in the industry, has decided to get involved in the crypto excavation and set up an operating base in Kazakhstan. In a press release on Wednesday, the company said it is diversifying its Bitcoin mining activities and continuing to sell mining rigs to boost its [&#8230;]</p>
<p>The post <a rel="nofollow" href="https://cryptocurrencybloggersnews.com/asic-maker-canaan-diversifies-into-bitcoin-mining-in-kazakhstan/">ASIC Maker Canaan Diversifies Into Bitcoin Mining in Kazakhstan</a> appeared first on <a rel="nofollow" href="https://cryptocurrencybloggersnews.com">CRYPTO CURRENCY BLOGGERS NEWS</a>.</p>
";s:7:"content";a:1:{s:7:"encoded";s:2401:"<p></p>
<p>Canaan, one of the largest manufacturers of Bitcoin mining machines in the industry, has decided to get involved in the crypto excavation and set up an operating base in Kazakhstan.</p>
<p>In a press release on Wednesday, the company said it is diversifying its Bitcoin mining activities and continuing to sell mining rigs to boost its financial performance.</p>
<p>The company has already started using its latest Avalon Miner units.  Canaan will also seek to expand its business scope and customer base, according to CEO Nangeng Zhang.</p>
<p><strong>Connected: </strong>Stronghold Digital Mining raises $ 105 million to convert waste coal into bitcoin</p>
<p>&#8220;As we incorporate more industrial resources into our operations, we believe this division will allow us to revitalize our mining equipment inventory, protect against bitcoin volatility, and secure our inventory during the market boom,&#8221; said Zhang.</p>
<p>The Chinese manufacturer, listed on the Nasdaq, is best known for its massive sales of ASIC mining machines, which made demand soar during boom times as more and more mining companies try to profit from the rising price of Bitcoin.</p>
<p>However, the company hopes to avoid a single source of income from selling the picks and shovels as Bitcoin&#8217;s price deteriorates, the company said.</p>
<p>&#8220;Unacceptable fluctuations in the price of Bitcoin, for example, can have the adverse effect of causing unreasonable volatility in the sources of income of providers of mining hardware,&#8221; the manufacturer said in its press release.</p>
<p><strong>Connected: </strong>Chinese Bitcoin mining company delivers first machines to Kazakhstan</p>
<p>&#8220;During a lull, the mining business will benefit from taking full advantage of the availability of &#8230; mining equipment in stock for active use in &#8230; mining operations at low electricity prices&#8221;</p>
<p><strong>See also: Bitcoin price, foreign ASIC demand increase profitable Q1 for miner producers Canaan</strong></p>
<h2>similar posts</h2>
<p>The post <a rel="nofollow" href="https://cryptocurrencybloggersnews.com/asic-maker-canaan-diversifies-into-bitcoin-mining-in-kazakhstan/">ASIC Maker Canaan Diversifies Into Bitcoin Mining in Kazakhstan</a> appeared first on <a rel="nofollow" href="https://cryptocurrencybloggersnews.com">CRYPTO CURRENCY BLOGGERS NEWS</a>.</p>
";}s:7:"summary";s:678:"<p>Canaan, one of the largest manufacturers of Bitcoin mining machines in the industry, has decided to get involved in the crypto excavation and set up an operating base in Kazakhstan. In a press release on Wednesday, the company said it is diversifying its Bitcoin mining activities and continuing to sell mining rigs to boost its [&#8230;]</p>
<p>The post <a rel="nofollow" href="https://cryptocurrencybloggersnews.com/asic-maker-canaan-diversifies-into-bitcoin-mining-in-kazakhstan/">ASIC Maker Canaan Diversifies Into Bitcoin Mining in Kazakhstan</a> appeared first on <a rel="nofollow" href="https://cryptocurrencybloggersnews.com">CRYPTO CURRENCY BLOGGERS NEWS</a>.</p>
";s:12:"atom_content";s:2401:"<p></p>
<p>Canaan, one of the largest manufacturers of Bitcoin mining machines in the industry, has decided to get involved in the crypto excavation and set up an operating base in Kazakhstan.</p>
<p>In a press release on Wednesday, the company said it is diversifying its Bitcoin mining activities and continuing to sell mining rigs to boost its financial performance.</p>
<p>The company has already started using its latest Avalon Miner units.  Canaan will also seek to expand its business scope and customer base, according to CEO Nangeng Zhang.</p>
<p><strong>Connected: </strong>Stronghold Digital Mining raises $ 105 million to convert waste coal into bitcoin</p>
<p>&#8220;As we incorporate more industrial resources into our operations, we believe this division will allow us to revitalize our mining equipment inventory, protect against bitcoin volatility, and secure our inventory during the market boom,&#8221; said Zhang.</p>
<p>The Chinese manufacturer, listed on the Nasdaq, is best known for its massive sales of ASIC mining machines, which made demand soar during boom times as more and more mining companies try to profit from the rising price of Bitcoin.</p>
<p>However, the company hopes to avoid a single source of income from selling the picks and shovels as Bitcoin&#8217;s price deteriorates, the company said.</p>
<p>&#8220;Unacceptable fluctuations in the price of Bitcoin, for example, can have the adverse effect of causing unreasonable volatility in the sources of income of providers of mining hardware,&#8221; the manufacturer said in its press release.</p>
<p><strong>Connected: </strong>Chinese Bitcoin mining company delivers first machines to Kazakhstan</p>
<p>&#8220;During a lull, the mining business will benefit from taking full advantage of the availability of &#8230; mining equipment in stock for active use in &#8230; mining operations at low electricity prices&#8221;</p>
<p><strong>See also: Bitcoin price, foreign ASIC demand increase profitable Q1 for miner producers Canaan</strong></p>
<h2>similar posts</h2>
<p>The post <a rel="nofollow" href="https://cryptocurrencybloggersnews.com/asic-maker-canaan-diversifies-into-bitcoin-mining-in-kazakhstan/">ASIC Maker Canaan Diversifies Into Bitcoin Mining in Kazakhstan</a> appeared first on <a rel="nofollow" href="https://cryptocurrencybloggersnews.com">CRYPTO CURRENCY BLOGGERS NEWS</a>.</p>
";s:14:"date_timestamp";i:1624437475;}i:8;a:11:{s:5:"title";s:78:"Dogecoin: Do not Make investments When Different Higher Altcoins Are Out There";s:4:"link";s:117:"https://cryptocurrencybloggersnews.com/dogecoin-do-not-make-investments-when-different-higher-altcoins-are-out-there/";s:2:"dc";a:1:{s:7:"creator";s:5:"Alice";}s:7:"pubdate";s:31:"Wed, 23 Jun 2021 08:02:25 +0000";s:8:"category";s:38:"Altcoin NewsAltcoinsdogecoinDontinvest";s:4:"guid";s:46:"http://cryptocurrencybloggersnews.com/?p=19749";s:11:"description";s:748:"<p>When you consider that it&#8217;s based on hype rather than substance, it&#8217;s surprising Dogecoin (CCC:DOGE-USD) has held up after last month&#8217;s crypto crash. Or is it? Meme-driven investors who switched from stocks to crypto this spring have returned to their old &#8220;meme-stock&#8221; posts. Source: Shutterstock But there is still a bit of energy in this [&#8230;]</p>
<p>The post <a rel="nofollow" href="https://cryptocurrencybloggersnews.com/dogecoin-do-not-make-investments-when-different-higher-altcoins-are-out-there/">Dogecoin: Do not Make investments When Different Higher Altcoins Are Out There</a> appeared first on <a rel="nofollow" href="https://cryptocurrencybloggersnews.com">CRYPTO CURRENCY BLOGGERS NEWS</a>.</p>
";s:7:"content";a:1:{s:7:"encoded";s:6957:"<p></p>
<p>When you consider that it&#8217;s based on hype rather than substance, it&#8217;s surprising <strong>Dogecoin</strong> (CCC:<span class="crypto-ticker"><strong>DOGE-USD</strong></span>) has held up after last month&#8217;s crypto crash.  Or is it?  Meme-driven investors who switched from stocks to crypto this spring have returned to their old &#8220;meme-stock&#8221; posts.</p>
<p>Source: Shutterstock</p>
<p>But there is still a bit of energy in this crypto, once dismissed as a joke.  Not only that, its trading debut on <strong>Coin base</strong> (NASDAQ:<span class="stock-ticker"><strong>COIN</strong></span>) probably helped support them too.</p>
<p>Does this mean that Dogecoin is returning &#8220;to the moon&#8221;?  Not so fast.  In the short term, there could be enough in play to keep it from falling below 30 cents.  But the energy that&#8217;s still at play here won&#8217;t last forever.</p>
<p>At this point in time, this coin still seems like a passing fad.  There could be another rally before all is said and done.  But when it doesn&#8217;t take off like it did in April and May, many of those who hold it today will grow impatient and eventually throw in the towel.</p>
<p>The result?  Perhaps no return to prices below 1 cent, what was being traded for in early 2021.  But certainly a double-digit decrease compared to today&#8217;s level (around 33 cents).  Instead of playing on this coin, consider investing in altcoins that offer more long-term potential.</p>
<h3>Dogecoin and its resilience after a crash</h3>
<p>After last month&#8217;s collapse in the crypto market, names across the board struggled to recover. <strong>Bitcoin</strong> (CCC:<span class="crypto-ticker"><strong>BTC-USD</strong></span>) slides further. <strong>ether</strong> (CCC:<span class="crypto-ticker"><strong>ETH-USD</strong></span>) has achieved a similar mediocre performance despite the interest from BTC.</p>
<p>The so-called &#8220;Ethereum Killer&#8221; Altcoins like <strong>Cardano</strong> (CCC:<span class="crypto-ticker"><strong>ADA-USD</strong></span>), <strong>Polygon</strong> (CCC:<span class="crypto-ticker"><strong>MATIC-USD</strong></span>) and <strong>Solana</strong> (CCC:<span class="crypto-ticker"><strong>LEFT USD</strong></span>) have done much better in the past few weeks, but so have Dogecoin, although they haven&#8217;t even come close to their level of functionality.</p>
<p>What&#8217;s behind this unexpected resilience?  Some of this can be credited to the enduring power of meme energy, even as online speculators return to ?meme stocks? like <strong>AMC entertainment</strong> (NYSE:<span class="stock-ticker"><strong>AMC</strong></span>), <strong>blackberry</strong> (NYSE:<span class="stock-ticker"><strong>BB</strong></span>) and <strong>GameStop</strong> (NYSE:<span class="stock-ticker"><strong>GME</strong></span>).</p>
<p>And of course, his Coinbase trading debut on June 3rd helped too.  However, after a small pop had dropped back to as low as 44 cents before this development, it has since slipped back to what it was before this short-lived recovery.  Put simply, there is enough enthusiasm to keep prices stable.  But while I wouldn&#8217;t count it, it is nowhere near guaranteed that we will see another parabolic upward move.</p>
<h3>Is there room for another Dogecoin rally?</h3>
<p>Investors looking to &#8220;buy the dip&#8221; with Dogecoin are not doing so in order to make gradual profits.  Chances are they&#8217;ll buy in today in the hopes of securing a position ahead of yet another To the Moon rally.  Right now that seems like wishful thinking.  But there are two ways in which another round of memetic frenzy could play out here.</p>
<p>For one thing, as I wrote on May 25, the influence of Elon Musk on DOGE USD prices could work in favor of this coin again.  At the moment, his newest engagement (his plans to literally take it to the moon) is more of a publicity stunt than anything else.  But if it were to actually put real effort into further development, such as facilitating upgrades, it could trigger a rebound to its previous highs.</p>
<p>Second, musk or no musk, the meme trading community could unexpectedly re-immerse themselves in them in a big way.  If the final round of widespread short squeezing that has erupted in the past few days runs out of steam again, much of that retail money could flow back into this earlier &#8220;taste of the month&#8221;.</p>
<p>But while the irrationality of investors may once again benefit those who already own Dogecoin, it is not inevitable.  Since its bull case is still based almost entirely on the &#8220;Bigger Fool Theory&#8221; rather than its fundamentals, this coin remains little more than a gamble today if it goes long.</p>
<h3>Instead, focus on cryptos with long-term potential</h3>
<p>For now, DOGE-USD could stay stable or, if the stars align, see one final short-lived rally.  But while the irrationality has held, it will not stay that way forever.  As investors realize that a new pool of investors will not emerge to buy them out at a higher price, confidence will continue to wane.</p>
<p>As soon as those who are still holding it make their way to the exits, a sharp fall in prices is to be expected.  Again, maybe not back towards its 52-week lows, but likely way below what it&#8217;s changing hands today.</p>
<p>So, since this meme coin is falling rather than returning to its previous highs, what&#8217;s the best move?  Other altcoins have their share of high risk.  However, when they offer more substance and long-term potential, focus on them instead of Dogecoin.</p>
<p><strong data-renderer-mark="true">FREE REPORT: 17 Reddit Penny Stocks To Buy Now</strong></p>
<p>Thomas Yeung is an expert at finding rapid growth opportunities on Reddit.  He recommended Dogecoin before it shot up over 8,000%, Ripple before it shot up more than 480%, and Cardano before it shot up 460%.  Now he names 17 of his favorite penny stocks from Reddit in a new report.  Request your FREE COPY here!</p>
<p><span class="m_-4841402804249581253normaltextrun">At the time of publication, Thomas Niel</span> held long positions in Bitcoin and Ethereum.  He has held positions (neither directly nor indirectly) in the other securities mentioned in this article.  The opinions expressed in this article are those of the author and are subject to InvestorPlace.com&#8217;s posting guidelines.</p>
<p>Thomas Niel, contributor for InvestorPlace.com, has been writing individual stock analyzes for web-based publications since 2016.</p>
<p>The post <a rel="nofollow" href="https://cryptocurrencybloggersnews.com/dogecoin-do-not-make-investments-when-different-higher-altcoins-are-out-there/">Dogecoin: Do not Make investments When Different Higher Altcoins Are Out There</a> appeared first on <a rel="nofollow" href="https://cryptocurrencybloggersnews.com">CRYPTO CURRENCY BLOGGERS NEWS</a>.</p>
";}s:7:"summary";s:748:"<p>When you consider that it&#8217;s based on hype rather than substance, it&#8217;s surprising Dogecoin (CCC:DOGE-USD) has held up after last month&#8217;s crypto crash. Or is it? Meme-driven investors who switched from stocks to crypto this spring have returned to their old &#8220;meme-stock&#8221; posts. Source: Shutterstock But there is still a bit of energy in this [&#8230;]</p>
<p>The post <a rel="nofollow" href="https://cryptocurrencybloggersnews.com/dogecoin-do-not-make-investments-when-different-higher-altcoins-are-out-there/">Dogecoin: Do not Make investments When Different Higher Altcoins Are Out There</a> appeared first on <a rel="nofollow" href="https://cryptocurrencybloggersnews.com">CRYPTO CURRENCY BLOGGERS NEWS</a>.</p>
";s:12:"atom_content";s:6957:"<p></p>
<p>When you consider that it&#8217;s based on hype rather than substance, it&#8217;s surprising <strong>Dogecoin</strong> (CCC:<span class="crypto-ticker"><strong>DOGE-USD</strong></span>) has held up after last month&#8217;s crypto crash.  Or is it?  Meme-driven investors who switched from stocks to crypto this spring have returned to their old &#8220;meme-stock&#8221; posts.</p>
<p>Source: Shutterstock</p>
<p>But there is still a bit of energy in this crypto, once dismissed as a joke.  Not only that, its trading debut on <strong>Coin base</strong> (NASDAQ:<span class="stock-ticker"><strong>COIN</strong></span>) probably helped support them too.</p>
<p>Does this mean that Dogecoin is returning &#8220;to the moon&#8221;?  Not so fast.  In the short term, there could be enough in play to keep it from falling below 30 cents.  But the energy that&#8217;s still at play here won&#8217;t last forever.</p>
<p>At this point in time, this coin still seems like a passing fad.  There could be another rally before all is said and done.  But when it doesn&#8217;t take off like it did in April and May, many of those who hold it today will grow impatient and eventually throw in the towel.</p>
<p>The result?  Perhaps no return to prices below 1 cent, what was being traded for in early 2021.  But certainly a double-digit decrease compared to today&#8217;s level (around 33 cents).  Instead of playing on this coin, consider investing in altcoins that offer more long-term potential.</p>
<h3>Dogecoin and its resilience after a crash</h3>
<p>After last month&#8217;s collapse in the crypto market, names across the board struggled to recover. <strong>Bitcoin</strong> (CCC:<span class="crypto-ticker"><strong>BTC-USD</strong></span>) slides further. <strong>ether</strong> (CCC:<span class="crypto-ticker"><strong>ETH-USD</strong></span>) has achieved a similar mediocre performance despite the interest from BTC.</p>
<p>The so-called &#8220;Ethereum Killer&#8221; Altcoins like <strong>Cardano</strong> (CCC:<span class="crypto-ticker"><strong>ADA-USD</strong></span>), <strong>Polygon</strong> (CCC:<span class="crypto-ticker"><strong>MATIC-USD</strong></span>) and <strong>Solana</strong> (CCC:<span class="crypto-ticker"><strong>LEFT USD</strong></span>) have done much better in the past few weeks, but so have Dogecoin, although they haven&#8217;t even come close to their level of functionality.</p>
<p>What&#8217;s behind this unexpected resilience?  Some of this can be credited to the enduring power of meme energy, even as online speculators return to ?meme stocks? like <strong>AMC entertainment</strong> (NYSE:<span class="stock-ticker"><strong>AMC</strong></span>), <strong>blackberry</strong> (NYSE:<span class="stock-ticker"><strong>BB</strong></span>) and <strong>GameStop</strong> (NYSE:<span class="stock-ticker"><strong>GME</strong></span>).</p>
<p>And of course, his Coinbase trading debut on June 3rd helped too.  However, after a small pop had dropped back to as low as 44 cents before this development, it has since slipped back to what it was before this short-lived recovery.  Put simply, there is enough enthusiasm to keep prices stable.  But while I wouldn&#8217;t count it, it is nowhere near guaranteed that we will see another parabolic upward move.</p>
<h3>Is there room for another Dogecoin rally?</h3>
<p>Investors looking to &#8220;buy the dip&#8221; with Dogecoin are not doing so in order to make gradual profits.  Chances are they&#8217;ll buy in today in the hopes of securing a position ahead of yet another To the Moon rally.  Right now that seems like wishful thinking.  But there are two ways in which another round of memetic frenzy could play out here.</p>
<p>For one thing, as I wrote on May 25, the influence of Elon Musk on DOGE USD prices could work in favor of this coin again.  At the moment, his newest engagement (his plans to literally take it to the moon) is more of a publicity stunt than anything else.  But if it were to actually put real effort into further development, such as facilitating upgrades, it could trigger a rebound to its previous highs.</p>
<p>Second, musk or no musk, the meme trading community could unexpectedly re-immerse themselves in them in a big way.  If the final round of widespread short squeezing that has erupted in the past few days runs out of steam again, much of that retail money could flow back into this earlier &#8220;taste of the month&#8221;.</p>
<p>But while the irrationality of investors may once again benefit those who already own Dogecoin, it is not inevitable.  Since its bull case is still based almost entirely on the &#8220;Bigger Fool Theory&#8221; rather than its fundamentals, this coin remains little more than a gamble today if it goes long.</p>
<h3>Instead, focus on cryptos with long-term potential</h3>
<p>For now, DOGE-USD could stay stable or, if the stars align, see one final short-lived rally.  But while the irrationality has held, it will not stay that way forever.  As investors realize that a new pool of investors will not emerge to buy them out at a higher price, confidence will continue to wane.</p>
<p>As soon as those who are still holding it make their way to the exits, a sharp fall in prices is to be expected.  Again, maybe not back towards its 52-week lows, but likely way below what it&#8217;s changing hands today.</p>
<p>So, since this meme coin is falling rather than returning to its previous highs, what&#8217;s the best move?  Other altcoins have their share of high risk.  However, when they offer more substance and long-term potential, focus on them instead of Dogecoin.</p>
<p><strong data-renderer-mark="true">FREE REPORT: 17 Reddit Penny Stocks To Buy Now</strong></p>
<p>Thomas Yeung is an expert at finding rapid growth opportunities on Reddit.  He recommended Dogecoin before it shot up over 8,000%, Ripple before it shot up more than 480%, and Cardano before it shot up 460%.  Now he names 17 of his favorite penny stocks from Reddit in a new report.  Request your FREE COPY here!</p>
<p><span class="m_-4841402804249581253normaltextrun">At the time of publication, Thomas Niel</span> held long positions in Bitcoin and Ethereum.  He has held positions (neither directly nor indirectly) in the other securities mentioned in this article.  The opinions expressed in this article are those of the author and are subject to InvestorPlace.com&#8217;s posting guidelines.</p>
<p>Thomas Niel, contributor for InvestorPlace.com, has been writing individual stock analyzes for web-based publications since 2016.</p>
<p>The post <a rel="nofollow" href="https://cryptocurrencybloggersnews.com/dogecoin-do-not-make-investments-when-different-higher-altcoins-are-out-there/">Dogecoin: Do not Make investments When Different Higher Altcoins Are Out There</a> appeared first on <a rel="nofollow" href="https://cryptocurrencybloggersnews.com">CRYPTO CURRENCY BLOGGERS NEWS</a>.</p>
";s:14:"date_timestamp";i:1624435345;}i:9;a:11:{s:5:"title";s:73:"Goldman Begins Buying and selling on JPMorgan?s Repo Blockchain Community";s:4:"link";s:112:"https://cryptocurrencybloggersnews.com/goldman-begins-buying-and-selling-on-jpmorgans-repo-blockchain-community/";s:2:"dc";a:1:{s:7:"creator";s:5:"Alice";}s:7:"pubdate";s:31:"Wed, 23 Jun 2021 07:04:40 +0000";s:8:"category";s:65:"Blockchain NewsbeginsBlockchainGoldmanJPMorgansNetworkrepoTrading";s:4:"guid";s:46:"http://cryptocurrencybloggersnews.com/?p=19745";s:11:"description";s:733:"<p>Goldman Sachs Group Inc. has joined JPMorgan Chase &#038; Co.&#8217;s blockchain-based network for repurchase agreements that use smart contracts and a digitized version of the US dollar. The first trade came on June 17 when it exchanged a tokenized version of a US Treasury bond for JPMCoin, JPMorgan&#8217;s internal representation of a digital dollar, according [&#8230;]</p>
<p>The post <a rel="nofollow" href="https://cryptocurrencybloggersnews.com/goldman-begins-buying-and-selling-on-jpmorgans-repo-blockchain-community/">Goldman Begins Buying and selling on JPMorgan?s Repo Blockchain Community</a> appeared first on <a rel="nofollow" href="https://cryptocurrencybloggersnews.com">CRYPTO CURRENCY BLOGGERS NEWS</a>.</p>
";s:7:"content";a:1:{s:7:"encoded";s:3525:"<p></p>
<p>Goldman Sachs Group Inc. has joined JPMorgan Chase &#038; Co.&#8217;s blockchain-based network for repurchase agreements that use smart contracts and a digitized version of the US dollar.</p>
<p>The first trade came on June 17 when it exchanged a tokenized version of a US Treasury bond for JPMCoin, JPMorgan&#8217;s internal representation of a digital dollar, according to Mathew McDermott, global head of digital assets for Goldman&#8217;s Global Markets Division.  He refused to disclose the value of the trade.</p>
<p class="paywall">&#8220;We see this as a crucial moment for the digitization of transaction activity,&#8221; said McDermott in an interview on Tuesday.  In contrast to the traditional repo market, the exact time it took the banks to complete the transaction was quantifiable.  In this case it was 3 hours and 5 minutes.</p>
<p class="paywall">Knowing the exact time is a huge leap forward from the current marketplace, as is the way collateral and cash are exchanged simultaneously and instantly, McDermott said.</p>
<p class="paywall">?We pay interest per minute,? he says.  &#8220;We firmly believe this will change the nature of the intraday marketplace.&#8221;</p>
<p class="paywall">Read More: JPMorgan Uses Blockchain To Move Billions In Repo Market Trades</p>
<p class="paywall">JPMorgan created the new repo market with its version of the Ethereum blockchain with its first trades in December.  Since then, it has traded more than $ 1 billion a day on its Onyx blockchain platform.  According to spokeswoman Jessica Francisco, the company is talking to more than 10 banking and investment clients about joining the repo network.  The Bank of New York Mellon Corp.  served as the depositary for the business.</p>
<p class="paywall">$ 2.4 trillion of repo market transactions bring in cash overnight or for a few days, but are difficult to arrange on the same trading day.  The digitized upgrade gives JPMorgan this opportunity by using so-called smart contracts on an Ethereum-based blockchain, which enable cash and government bonds to be returned immediately.</p>
<p class="paywall">Wall Street started experimenting with blockchain about five years ago.  In addition to JPMorgan, a blockchain pioneer among Wall Street banks, Paxos Trust Co. uses it to process some stock trades in near real time.  Arca is offering digital stocks from a U.S. Treasury Department, demonstrating that distributed ledger technology can help streamline funding.</p>
<p class="paywall">McDermott said Goldman Sachs&#8217; involvement in the JPMorgan market broadly fits in with his vision of corporate blockchain, a system in which all participants are known to one another.</p>
<p class="paywall">?The potential of this technology is becoming more and more important,? he said.  Then he added something seldom heard from rival bankers:</p>
<p class="paywall">&#8220;Working with JPMorgan and BNY has been great.&#8221;</p>
<p>(<span>Updates on the size of the repo market in the seventh paragraph, Paxos in the eighth paragraph.</span>)</p>
<p>Before it&#8217;s here, it&#8217;s at the Bloomberg Terminal.</p>
<p>        LEARN MORE</p>
<p>The post <a rel="nofollow" href="https://cryptocurrencybloggersnews.com/goldman-begins-buying-and-selling-on-jpmorgans-repo-blockchain-community/">Goldman Begins Buying and selling on JPMorgan?s Repo Blockchain Community</a> appeared first on <a rel="nofollow" href="https://cryptocurrencybloggersnews.com">CRYPTO CURRENCY BLOGGERS NEWS</a>.</p>
";}s:7:"summary";s:733:"<p>Goldman Sachs Group Inc. has joined JPMorgan Chase &#038; Co.&#8217;s blockchain-based network for repurchase agreements that use smart contracts and a digitized version of the US dollar. The first trade came on June 17 when it exchanged a tokenized version of a US Treasury bond for JPMCoin, JPMorgan&#8217;s internal representation of a digital dollar, according [&#8230;]</p>
<p>The post <a rel="nofollow" href="https://cryptocurrencybloggersnews.com/goldman-begins-buying-and-selling-on-jpmorgans-repo-blockchain-community/">Goldman Begins Buying and selling on JPMorgan?s Repo Blockchain Community</a> appeared first on <a rel="nofollow" href="https://cryptocurrencybloggersnews.com">CRYPTO CURRENCY BLOGGERS NEWS</a>.</p>
";s:12:"atom_content";s:3525:"<p></p>
<p>Goldman Sachs Group Inc. has joined JPMorgan Chase &#038; Co.&#8217;s blockchain-based network for repurchase agreements that use smart contracts and a digitized version of the US dollar.</p>
<p>The first trade came on June 17 when it exchanged a tokenized version of a US Treasury bond for JPMCoin, JPMorgan&#8217;s internal representation of a digital dollar, according to Mathew McDermott, global head of digital assets for Goldman&#8217;s Global Markets Division.  He refused to disclose the value of the trade.</p>
<p class="paywall">&#8220;We see this as a crucial moment for the digitization of transaction activity,&#8221; said McDermott in an interview on Tuesday.  In contrast to the traditional repo market, the exact time it took the banks to complete the transaction was quantifiable.  In this case it was 3 hours and 5 minutes.</p>
<p class="paywall">Knowing the exact time is a huge leap forward from the current marketplace, as is the way collateral and cash are exchanged simultaneously and instantly, McDermott said.</p>
<p class="paywall">?We pay interest per minute,? he says.  &#8220;We firmly believe this will change the nature of the intraday marketplace.&#8221;</p>
<p class="paywall">Read More: JPMorgan Uses Blockchain To Move Billions In Repo Market Trades</p>
<p class="paywall">JPMorgan created the new repo market with its version of the Ethereum blockchain with its first trades in December.  Since then, it has traded more than $ 1 billion a day on its Onyx blockchain platform.  According to spokeswoman Jessica Francisco, the company is talking to more than 10 banking and investment clients about joining the repo network.  The Bank of New York Mellon Corp.  served as the depositary for the business.</p>
<p class="paywall">$ 2.4 trillion of repo market transactions bring in cash overnight or for a few days, but are difficult to arrange on the same trading day.  The digitized upgrade gives JPMorgan this opportunity by using so-called smart contracts on an Ethereum-based blockchain, which enable cash and government bonds to be returned immediately.</p>
<p class="paywall">Wall Street started experimenting with blockchain about five years ago.  In addition to JPMorgan, a blockchain pioneer among Wall Street banks, Paxos Trust Co. uses it to process some stock trades in near real time.  Arca is offering digital stocks from a U.S. Treasury Department, demonstrating that distributed ledger technology can help streamline funding.</p>
<p class="paywall">McDermott said Goldman Sachs&#8217; involvement in the JPMorgan market broadly fits in with his vision of corporate blockchain, a system in which all participants are known to one another.</p>
<p class="paywall">?The potential of this technology is becoming more and more important,? he said.  Then he added something seldom heard from rival bankers:</p>
<p class="paywall">&#8220;Working with JPMorgan and BNY has been great.&#8221;</p>
<p>(<span>Updates on the size of the repo market in the seventh paragraph, Paxos in the eighth paragraph.</span>)</p>
<p>Before it&#8217;s here, it&#8217;s at the Bloomberg Terminal.</p>
<p>        LEARN MORE</p>
<p>The post <a rel="nofollow" href="https://cryptocurrencybloggersnews.com/goldman-begins-buying-and-selling-on-jpmorgans-repo-blockchain-community/">Goldman Begins Buying and selling on JPMorgan?s Repo Blockchain Community</a> appeared first on <a rel="nofollow" href="https://cryptocurrencybloggersnews.com">CRYPTO CURRENCY BLOGGERS NEWS</a>.</p>
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