by Wieke Beenen In case you were wondering whether to buy, sell or hang on to it, according to Finder.com’s panel of 50 fintech specialists, Ethereum is expected to reach a new all time high and reach the US$5,114 mark by the end of this year. That is roughly a 25% increase from its current price. The panel also predicts that by 2025, ETH’s price will jump to $15,364 and tripling to $50,788 by the end of 2030. Is this the perfect time to buy? 63% of panelists says it is, while 28% say it’s time to hodl, and only 9% say it’s time to sell. CoinFlip founder and chief advisor Daniel Polotsky, who predicts ETH will end the year at $4,500, thinks Ethereum’s growth may even … [Read More...]
Putin says Russia will Not Crack Down on Crypto Like China
by Wieke Beenen Russian President Vladimir Putin is not going to crack down on cryptocurrencies the way China has done recently. He expressed his tolerance for digital currencies in an interview by CNBC, which was posted on the Kremlin website on Thursday. Cryptocurrencies have been drawing increased scrutiny from regulators around the world, because of its frequent use in financial crimes and money laundering. Regulation reasons were also behind China’s total crackdown on mining and trading digital coins. On september 24, China announced the crackdown in an effort to clamp down on illicit activities and financial speculation, which resulted in a blanket prohibition on all cryptocurrency transactions and mining. According to Putin, cryptocurrency still “has the right to exist and can be used as a means of … [Read More...]
Bitcoin Flash Crash Wipes Out Over $200 billion From the Crypto Market Due to Impending Bankruptcy Evergrande
by Wieke Beenen The bitcoin exchange rate has fallen to its lowest level since early August. Following a moderately bullish weekend, the market took a sharp turn downwards on Sunday night. The digital currency is responding to the impending bankruptcy of the Chinese real estate giant Evergrande and seems to be following regular stock exchanges around the world. The incredibly fast crash wiped out over $200 billion from the crypto market, and has not only affected bitcoin, but all other cryptocurrencies seemed to be on a downward trend, with no real sign of recovery just yet. The value of bitcoin fell by more than 8 percent in 24 hours. According to CoinMarketCap, the bitcoin rate stood at 37,000 euros on Monday, dropping down to almost 36.000 on Tuesday afternoon. A bitcoin … [Read More...]
Grand Time: The Eco-Friendly Blockchain Project With a Mission to Plant 10 Million Trees
by Wieke Beenen Earning tokes every time you plant a tree? Yes you can. When you plant a new tree, take a picture or a video of it and you post it on social media under the #grandtime_ecology hashtag, you will be rewarded with GRAND tokens. This is how Grand Time empowers people to improve their personal finances all while helping our ecosystem. To incentivize blockchain enthusiasts to help promote a green future for our planet, Grand Time has recently initiated this ‘Grand Ecology’ project. Grand Ecology has a simple, yet amazing, premise: planting 10 million trees, which will represent 10 million GRAND tokens mined every day in a fully eco-friendly way through social mining by the Grand Time community. The value of time To make cryptocurrencies … [Read More...]
El Salvador Unfazed by Bitcoin’s Recent Price Drop
by Wieke Beenen The price of Bitcoin went down sharply on Tuesday, plunging 19% from $52,956 to $42,900 yesterday, undoing the gains it made recently and wiping out more than $180 billion in market value. El Salvador, the country that officially adopted bitcoin as legal tender yesterday, appeared unfazed by the dip, and capitalized on it instead. The country simply purchased another 150 BTC as soon as the price was right. According to analysts, the reason for the drop was clear. Investors were choosing to sell while the price was still high, after bitcoin had failed to rise above the significant limit of $ 53,000 recently. The digital currency had become 12% more valuable since the end of last month. In April, bitcoin reached an all-time record with … [Read More...]
NFT ecosystem DoinGud, Announces Debuting Creators-Activists, Focused on Positive Social Impact Through Art
by Wieke Beenen NFT sales exploded this month, totalling $896 million dollars in sales which is more than triple the previous best month for NFT sales in May. One of the most popular NFT collections, Cryptopunks, a project that inspired the modern CryptoArt movement with 10,000 unique collectible characters with proof of ownership stored on the Ethereum blockchain movement accounted for nearly $400 million of the volume. Earlier this week, credit card giant Visa purchased CryptoPunk #7610 for 49.5 ETH, which equals to almost $150,000. Within an hour after the purchase, nearly 50 more of the pixelated avatars were sold, which immediately made the price of Visa’s Punk #7610 rise by $70,000. But why this sudden interest in NFTs? NFT’s or non-fungible tokens which are underpinned by another relatively … [Read More...]
12 Year Old Boy Makes $400.000 dollars in ETH by Selling his NFT Owned Weird Whale Art
by Wieke Beenen Benyamin Ahmed’s digital Weird Whales went viral and sold like hotcakes after selling tokens of their ownership stored on the blockchain, also called Non Fungable Tokens (NFTs). So far he has made £290,000 ($400,000), in ETH. The young boy created a set of 3,350 whales in the style of a common whale meme seen in the video game Minecraft. A non-fungible token is a unit of data stored on a digital ledger, also called a blockchain, that certifies that a certain digital asset is unique and therefore cannot be interchangeable. NFTs are commonly connected to items such as photos, videos, audio, and other types of digital files, including digital art. This is not the first time an artwork with NFT ownership becomes mainstream … [Read More...]
Could Walmart’s Crypto Expert Vacancy Reveal a Future Crypto Strategy?
by Wieke Beenen Walmart, the largest private employer in the United States, with 2.3 million employees placed a vacancy seeking a crypto expert to oversee, what could be, their upcoming digital currency push. The US supermarket chain has placed the add for the position of product leader who will have the important task to outline their cryptocurrency strategy. According to the job posting Walmart is looking for a “visionary leader”, with at least 10 years of product management or technology experience to develop its blockchain strategy, preferably someone possessing “significant functional knowledge of the cryptocurrency ecosystem and an entrepreneurial mindset”. Walmart has been experimenting with blockchain for quite some time now. In 2018, the company started started using IBM’s food tracking solution for leafy vegetables. The Chinese … [Read More...]
China’s Big Miner Exodus Could be a ”Big Net Postive for the Ecosystem,” Says Mike Novogratz
by Wieke Beenen A major shift in location could actually good for Bitcoin as major miners are now leaving China following the country’s crackdown on mining Bitcoin. Galaxy Digital CEO Mike Novogratz has echoed other experts and is calling the migration to different places on the planet, a possible positive development. Novogratz mentioned on Bloomberg that China’s crackdown on just about everything, like banning mining, banning leverage, and even banning Bitcoin in some places, has not really affected Bitcoin that much. “It still exists, it survived”, said Novogratz. He even said that that miners’ migration out of China could be “a big net positive for the ecosystem.” Novogratz even called the crypto ecosystem as a whole, a robust system. In which he probably referred … [Read More...]
BlockFilm Becomes Leading Blockchain-based Film Financing Platform after Groundbreaking OSC Exemption Order
by Wieke Beenen BlockFilm is to become the first independent and leading blockchain-based film financing platform in the space. The Canadian based production platform will be powered though a strategic partnership with TokenFunder. A groundbreaking Exemption Order by the Ontario Securities Commission (OSC), paved the way for this ‘tokenized’ production financing opportunity to happen. The decision follows a rigorous process conducted by the OSC’s Launchpad team and helps investors in content production avoid multiple-year waits before monetizing their investment, and gives producers access to wider pools of investment. The decision allows BlockFilm to bring content producers – both established and emerging – together with accredited investors to finance independent media productions. The platform supports the creation of compliant financial instruments (security tokens) to fund and … [Read More...]
Bitcoin’s Value is Surging Again after Tesla Tycoon Elon Musk’s latest Tweet
by Wieke Beenen The price of Bitcoin rose again after Elon Musk announced that his company, Tesla, would possibly accept the digital currency as a form of payment again, providing virtual mining would take a more non-polluting path. Musk announced that if 50% or more Bitcoin mining would be done with renewable energy, that would be enough for him to restart the option for people to purchase Teslacars with Bitcoin again. The electric car manufacturer stopped accepting BTC as a form of payment last May, after only accepting the option for Bitcoin payments for his electric cars for little over 3 months. Musk’s reasons for his May announcement were his concerns about the excessive amount of fossil fuels needed to generate Bitcoin, and the negative impact … [Read More...]
Big News From a Small Country – Bitcoin to become legal tender in El Salvador
by Wieke Beenen A scoop for a small Central American country is worldwide news. In El Salvador it should soon be possible to pay for everything with bitcoin. On June 9, the 39-year-old President Nayib Bukele sent a bill to parliament to make bitcoin legal tender. The bill was passed by a vast majority. The Central American country is now the first country ever in the world to make Bitcoin legal tender. The new law is good news for residents of the country. And the eyes of the world will surely be on this developement after this new law turns into practice in 90 days. bitcoin enthusiasts are happy, as they see it as a big step towards a world in which everyone can pay with digital currency. … [Read More...]
Will China’s Clamp Down on Mining Create Long Term Impact on the Price of Bitcoin?
by Wieke Beenen Chinese Vice Premier Liu He told a group of finance officials last Friday that the government would clamp down on bitcoin mining and trading. The reason behind this decision is said to be China’s goal to achieve financial stability. While China has taken steps to restrict the use of cryptocurrencies for many years now, this focus on mining is quite new. An official from mining company BIT.TOP suggested that the Chinese government is trying to prevent a massive flow of capital into crypto mining. But this does not mean that individuals should not still be allowed to mine on their own. He expected that half of the country’s mining machines could be suspended as a result of the latest actions, which … [Read More...]
Blockchain Global Market Report Shows Growth in Covid Era due to Demand for Safety and Transparency
by Wieke Beenen With an annual growth rate (CAGR) of 79%, the blockchain market is looking towards a bright future. This recent growth (2020-2021) is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures such as social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. It was not forecasted that blockchain technology would explode this much in popularity this year. Businesses from various industries are showing a growing interest to adopt this technology for enhancing their business processes. The COVID-19 pandemic accelerated the digital transformation drive in many areas, especially via the use of the distributed ledger technology called blockchain. The … [Read More...]
Price of Bitcoin takes Plunge after Musk no Longer Accepts Bitcoin for Teslacar Purchases over Climate Concerns
by Wieke Beenen The value of bitcoin has taken a serious blow after industrial designer, and engineer Elon Musk announced that it would no longer accept bitcoin as a means of payment for purchasing Tesla vehicles. Musk, also the founder, CEO, CTO, and chief designer of SpaceX; made his announcement on twitter. The business magnate expressed that the increasing amount of fossil fuels, especially coal, used for bitcoin mining, was behind the decision to stop accepting payments with the worlds number one digital currency. He also mentioned in his tweet that he believed that cryptocurrencies had a promising future, but that this should not come at great cost for the environment. The announcement caused a huge drop in price of the world’s most famous cryptocurrency, causing … [Read More...]
At World Markets, Artificial Intelligence Has Revolutionized Trading
Blockchain News, Opinion and Jobs featuring At World Markets, Artificial Intelligence Has Revolutionized Trading written by Wieke Beenen #blockchain, #blockchainnews At World Markets, they believe that you should be in control of your own money. That is why they offer a self-trading account. This enables you to take control of your own destiny rather than waiting for an advisor to make the right decisions for you. You won’t be locked into a narrow range of […] Blockchain News, Opinion and Jobs featuring At World Markets, Artificial Intelligence Has Revolutionized Trading written by Wieke Beenen #blockchain, #news [Read More...]