Monthly Archives: February 2021

Bitcoin price is sideways, silver hits a 7-year high and XRP’s rally pops

While Bitcoin trades sideways, the price of silver rushed to a 7-year high and XRP surprised new investors with a sharp 50% sell-off. Bitcoin (BTC) price spent the day trading in a tight range between $32,000 and $34,000. At the time of writing, the digital asset is pinned below the descending trendline resistance and each attempt to cross above it is met by selling.  Data from Cointelegraph Markets and TradingView show a price increase of 4.14% for the top cryptocurrency, which currently trades at $33,840. Daily cryptocurrency […]

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Interview: Alejandro De La Torre On Hash Rate-Backed Tokens And Taproot

Listen To This Episode: Apple Spotify Google This episode of Bitcoin Magazine’s “Bitcoin In Asia” featured Alejandro De La Torre, vice president at Poolin. De La Torre and Poolin are managing taprootactivation.com to improve on the communication and transparency of the Taproot activation process specifically. Poolin has also recently launched a live-traded, hash rate-backed token, one that represents 1 terahash of hash rate in its own mining operation.  De La Torre has been in the Bitcoin data and mining space since 2014 when he founded SendChat, later […]

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Elon Musk: “I Am A Supporter Of Bitcoin”

Elon Musk, the richest person in the world, has publicly confirmed that he has taken the orange pill.  Last week, he added “#Bitcoin” to his Twitter description and set Bitcoin Twitter off on an eruption of good vibes. Now, he has publicly voiced his support for Bitcoin on audio chat app Clubhouse. Late last night, Musk joined a Clubhouse led by the team at venture capital firm Andreessen Horowitz to discuss all things of interest. He discussed the probability of a manned Mars mission, how his team […]

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Dogecoin Cofounder Faces Harassment While ‘Meme Coin’ Hype Trends Among Investors

As dogecoin’s frenzy keeps making the headlines in the crypto sphere, some people are not happy with it. Billy Markus, Dogecoin’s cofounder, has been a target of long-lasting online harassment, which still doesn’t end, he claims. Markus Sold All His Doge in 2015 The so-called meme coin, DOGE skyrocketed well over 325% in a single day, specifically on January 29, 2021. The dynamic was the similar one followed by the Gamestop/Wallstreetbets saga. In this case, a Reddit group called Satoshistreetbets was allegedly behind the recent dogecoin’s pump. […]

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Blockchain tech makes sustainable development goals more achievable

Blockchain technology will turn the table by improving the measuring, reporting and verification processes of development projects. United Nations Secretary-General António Guterres estimates trillions of U.S. dollars per annum is needed to achieve the 2030 Sustainable Development Goals. The question is: “Where would it come from?” Official development aid, philanthropy and public finances cannot suffice, which means the needle is moving toward private capital to fund sustainable development projects. Related: The UN’s ‘decade of delivery’ needs blockchain to succeed But the gap between financing and the environmental […]

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Blockchain will revolutionize healthcare — Just not any time soon

Blockchain technology has the potential to change the healthcare industry, but without needed adjustments, it wouldn’t be possible. Over the past decade, blockchain has surpassed the hype realm into a real transformative solution for industries. Several companies are investing billions of dollars on the network; it topped LinkedIn’s list of in-demand hard skills in 2020, and articles about its potential are now littered on every finance blog. Ask those who had experienced the early internet days, and they will certainly have a lot to tell you about […]

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Price analysis 2/1: BTC, ETH, XRP, DOT, ADA, LINK, LTC, BCH, BNB, XLM

Bitcoin price is trading in a tight range, which is allowing multiple altcoins to push higher. Tesla CEO Elon Musk recently voiced his support for Bitcoin (BTC) during a chat with Clubhouse. Musk said that his friends tried to onboard him to the Bitcoin bandwagon as early as 2013, but the world’s richest man did not take the final step. Musk admitted that he was “late to the party.” Musk also said that Bitcoin could be “on the verge of getting broad acceptance by conventional finance.” While […]

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Halving & Burns on BitGesell – the Optimal Combination for Scarcity and Value in the Crypto Age

BitGesell represents a deflationary cryptocurrency that closely resembles bitcoin, but comes along with a few design changes. Its value proposition stems from Silvio Gesell’s financial market philosophy, who imagined monetary units that lose their value over time through demurrage. To keep things simple, BitGesell achieves scarcity through the means of accelerated block reward halvings and transaction fee burns. The Dawn of the Crypto Age & Replacing Outdated Fiat Over the last few years, the worldwide financial system has continuously lost its legitimacy, thereby positioning itself on the […]

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What short squeeze? Here’s what is really behind XRP’s recent 170% rally

These key metrics show there’s more to the recent Dogecoin and XRP pumps than just short-seller liquidations. Between Jan. 30 and the early hours of Feb. 1, XRP price pumped 147%, reaching $0.76 which is its highest level in two months. The move seems to have been fueled by r/Satoshistreetbets, an off-shoot of r/Wallstreetbets. It seems that speculative social media group-based investing is becoming a trend so let’s take a look at what triggers might have catalyzed the recent surge in XRP price. XRP Twitter activity vs. […]

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Rockstar and Kiss Bassist Gene Simmons Tells Fans He Bought Bitcoin and Other Cryptocurrencies

In September of 2020, the frontman for the rock band Kiss, Gene Simmons, tweeted a cryptic message about bitcoin with one of the cofounders of the Gemini crypto exchange. Then on Sunday, the Kiss singer tweeted to his 900k Twitter followers that he bought “bitcoin, ethereum, litecoin, and others.” The bassist and co-lead singer of the classic rock band Kiss discussed cryptocurrencies on Twitter on Sunday, after a few months ago when he tweeted about the subject with Cameron Winklevoss last September. His tweet at the time […]

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