Month: November 2021

Digital Currency Group (DCG), a Manhattan-based, crypto-focused VC conglomerate, has reached a $10 billion dollar valuation in a secondary sale where existing investors sold part of their shares to new ones. The funding round was led by Softbank and also included participation from Capitalg, Google’s investment firm. $700 million worth of shares changed hands via the sale. Digital Currency Group Sells $700 Million in Secondary Sale Round Digital Currency Group (DCG), a crypto-focused company, announced a secondary sale Read more …

A Kenyan communications strategist, Mwotia Ciugu, has told African investors to be wary of investing in bitcoin which he claims is worth zero. Bitcoin Structurally Incapable of Delivering on Its Promise In an op-ed published by The Elephant, Ciugu insists bitcoin (BTC) is structurally incapable of delivering on its promise of becoming an alternative store of value or a hedge against inflation. In addition, the strategist also claims bitcoin fails both as a currency and an investment. Although he concedes Read more …

El Salvador was the first country in the world to adopt Bitcoin as legal tender alongside the U.S. dollar. The Bitcoin law made taxes payable in cryptocurrency and obliged businesses to accept it. After that, several countries followed the trend to ensure transparency and security of transactions. Nigeria, Vietnam, the Philippines, Turkey, India, China, and Japan are considering adopting crypto. Afghanistan, amidst the political upheaval and closed borders, offers a perfect test case of the efficiency of cryptocurrency. Taliban has Read more …

With digital currency, you can directly send and receive money while encrypting your transactional data. But your digital wallet should have an extreme level of security to be inaccessible to hackers. How can cybercriminals steal your digital assets, and what can you do to protect yourself? Phishing Phishing is a kind of attack in which the victim himself hands over sensitive information and gets scammed. It can happen by the falsification of legit websites to make them look like original Read more …

Global investment bank Goldman Sachs is reportedly predicting that the price of ether could rise to $8,000 by year-end. The bank’s analysts explained that cryptocurrencies have traded in line with inflation breakevens since 2019. Ether Could Reach $8K by Year-End, According to Goldman Sachs Goldman Sachs has reportedly explained in a research note circulated by the bank’s managing director of Global Markets, Bernhard Rzymelka, that the price of ether (ETH) could hit $8,000 by year-end. The note details that cryptocurrencies Read more …

Bitcoin’s bull market continues! After difficult and painful corrections during 2021’s third quarter with deep retracements reaching 50-60% declines, bitcoin has not only regained all of its strength but also has already surpassed its April highs of $65,000. The new all-time high at $67,000 has been established, and the previous zone of weakness for bulls around $58,000 in April-May has now been reclaimed with a strong weekly close through this area. This shows that the market is way stronger at Read more …

Cryptocurrency exchange Kraken has indicated that the shiba inu (SHIB) cryptocurrency will be listed on its platform on Tuesday. The dogecoin rival has gained much popularity recently, rising 97% in the past seven days and 825.5% in the last 30 days. Kraken Indicates Shiba Inu Will Be Listed on Its Platform Tuesday Cryptocurrency exchange Kraken tweeted Monday about listing the shiba inu cryptocurrency (SHIB) on its platform. According to the San Francisco-based exchange, the company’s product lead, Brian Hoffman, said Read more …

Throughout recorded history, cycles of “rise and fall” repeat — both of civilizations themselves and of what they use for money. We are experiencing another fall now. However, something unprecedented has occurred — the invention of a money that is incorruptible, indestructible, and infallible: “un-fall-able.” It is money that can support on its shoulders a civilization that will also be un-fall-able. Bitcoin offers an incentive for cooperation on a global scale. The enabling of digital private property rights for everyone Read more …

This past summer the American multinational technology company, Amazon, published two job listings for a blockchain lead and a digital currency expert. Now Amazon Web Services (AWS) is looking for a principal digital assets specialist that can “help drive adoption across the global digital asset community.” AWS Is Looking for a Principal Digital Assets Specialist One of the ‘Big Five’ tech companies, Amazon, has shown signs of interest in cryptocurrency solutions and blockchain technology for quite some time now. For Read more …

Watch This Episode on YouTube Listen To This Episode: [00:00:07] AG: Hello, everyone. [00:00:09] CK: What’s up, Alex? How’s it going? [00:00:11] AG: Going very well today. Very excited about this. [00:00:15] CK: Me too. Let’s get Adam in here and I’ll go ping Aaron really quick. Rizzo is going to be a little bit late. He has a bit of a refrigerator emergency, it seems. Yeah. Can we get P up as a co-host, too, Eli? Thank you. Let Read more …

The Bitcoin stock-to-flow (S2F) model created by pseudonymous analyst PlanB, which analyzes the supply dynamics of Bitcoin and its scarcity enforced by the protocol’s halving of miner rewards every four years, is predicting a monthly close of around $98,000 for November. According to PlanB, his model’s predictions have actualized — for the most part. The analyst shared that both August and September resonated closely with the actual monthly closing price of $47,000 and $43,000, respectively. In October, PlanB’s S2F model predicted a Read more …