Ethereum creator Vitalik Buterin's tweetstorm reveals contradictions
... democracy over the people, and his tendency to agree with intellectual elites over the people. Some of the contradictions mentioned suggest that Buterin is not happy with the protocol design of Ethereum . He stated that he wanted to make his project more Bitcoin -like. Some people have taken this as it's more difficult to transition from Proof-of-Work PoW to Proof-of-Stake Pos . Speculation is mounting that Buterin wants to develop on Bitcoin instead. Last month, Tim Beiko, Dev of the Ethereum Protocol,...
Updated: 05/19/2022
CryptoSlate, Maren Altman, That Martini Guy, and other top tech industry industry figures
... investing to more existential worries. Zooming out paints a more bullish picture. All panelists are incredibly bullish about the future despite the short-term pessimism they share. Justin , a cryptanalyst, said that the more he zoomed out, the more bullish Bitcoin looked. Nate Whitehill , CEO ofCryptoSlate, stands by his long-term view that cryptocurrencies will replace the TradFi system. He believes that Bitcoin is a bullish catalyzer for the future, as a result of the major banks offering their clients ...
Updated: 05/18/2022
Bill Ackman says Terra collapse is a version of a pyramid scheme
... the sellers of Luna overwhelmed the buyers. Ackman was linked to a Bloomberg Law story that he said explained what happened. Why It is Important: The collapse of Terra sent the price of other large cryptocurrencies down along with it, including Bitcoin BTC USD, which hit prices last seen in July 2021. It is a great technology with enormous potential. Ackman said that schemes like Luna threaten the entire criptocurrency ecosystem. Ackman calls for self-regulation in the industry to prevent ...
Updated: 05/18/2022
Web3 ecosystem continues to expand rapidly despite cryptocurrency turmoil
Animoca Brands co-founder Yat Siu believes that the web 3 ecosystem continues to expand rapidly despite the recent turmoil in the crypto markets, according to an interview with Bloomberg spokesman Stephen Engle on May 18. Animoca Brands co-founder Yat Siu believes that the web 3 ecosystem continues to expand rapidly despite the recent turmoil in the crypto markets, according to an interview with Bloomberg spokesman Stephen Engle on May 18. Siu said the recent crash in the market for cryptocurrencies...
Updated: 05/18/2022
Bitcoin at $100,000 or Doge coin at $0.50, according to Benzinga survey
... sentiment on what traders are most excited about, interested in or thinking about as they manage their personal portfolios. We asked the following question to over 1,000 Benzinga visitors on cryptocurrencies trading and investing: What will happen first, Bitcoin BTCUSD at $100,000 or Doge coin DOGE USD at $0.50? Here are the full results from this week's survey: Is Bitcoin at $100,000 possible or impossible? As the price of Bitcoin fluctuates, many people wonder if it will reach $100,000 in 2022? It ...
Updated: 05/18/2022
Cryptocurrency is a hot topic of inflation
... began at the end of 2021 and has now been extended to this year, has given rise to new fears about its stability. It is a form of digital currency that uses cryptography to secure transactions. There are many coins that circulate the market such as Bitcoin , the largest by market value, and Ether and Doge coin. All trades in cryptocurrencies are recorded on the blockchain, which is freely available for everyone to see from any part of the world. Inflation is defined as a decrease in the purchasing ...
Updated: 05/18/2022
Binance’s CZ says ‘LUNA’ is worth $1.6 billion
... which involves forking into a new chain that does not have an algorithmic stable coin element. CZ said the plan won't work and expressed doubts that the new chain will hold value to the same degree as the old chain. CZ likened this strategy to forking Bitcoin at the November 2021 s high and expected that new chain to be valued at $1.3 trillion.
Updated: 05/18/2022
Former Fed chair Ben Bernanke says Bitcoin has underlying use value
... former Chair of the Federal Reserve Federal Reserve, who used the podium to underline his opinion that virtual assets have no underlying value and are merely used for ransomware. The former chairman disagreed with the former chairman's assertion that Bitcoin can be used as a store of value like gold. Bernanke said that gold has an underlying use value. You can fill cavities with it. The underlying use value of a Bitcoin is to do ransomware or something like that. The former Fed chair said that cryptocurrencies ...
Updated: 05/18/2022
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