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Showing posts from April, 2021

Ether (ETH) has the potential to become the world's first cryptomonnaie

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The bitcoin has had some difficulties, falling below the 47 000 dollar barrier to reach its lowest point in two months on April 25th, following a sharp drop as the excitement created by Coinbase's initial public offering (IPO) waned. Ether, on the other hand, has reached a new high of over 2 500 dollars, bringing the bourse capitalization of the second largest cryptocurrency to 300 billion dollars (247,5 billion euros) for the first time. About the fact that ether is still well behind bitcoin's market capitalization of $1 trillion, some analysts believe the dauphin would not be slow in dethroning bitcoin, which already accounts for 48 percent of the global cryptocurrency market, according to CoinGecko. "As bitcoin loses its historic market dominance, the currency of 'the computer world' begins to sway, revealing long-foreseen indexes of ether's depreciation," Tim Frost, PDG of Yield App, a decentralized asset management platform. Tim Frost adds that now th...

Bitcoin cash: definition and abbreviation

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Bitcoin cash is also a cryptocurrency, like bitcoin, and a transaction protocol that allows for fast transactions. What is Cash Bitcoin? Often presented as born of a "schism" with bitcoin, the bitcoin cash is a (all young) cryptomony, that was launched on August 1, 2017. If the bitcoin cash protocol allows to carry out transactions even faster – a few seconds enough – and at a much lower cost than the bitcoin protocol, the bitcoin cash mobilizes a calculating power far more consistent than its illustrous relative to validate transactions. The development, which is the "mining" of this cryptocurrency, is therefore not beyond everyone's reach. Anyhow, certainly not to that of the amateur minors who always count, because of lack of sufficient financial means, among the least well equipped. Ever more common, this new cryptomony enjoys supported names that count in the Bitcoin community such as Gavin Andresen, known for having been the preferred interlocutor of the v...

The state of Louisiane honors Bitcoin and its creator, Satoshi Nakamoto

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The state of Louisiana honors Bitcoin and recognizes Satoshi Nakamoto for his contributions to the global economy. Bitcoin receives a medal of honor – After its inception in 2009 by Satoshi Nakamoto, the decentralized Bitcoin (BTC) network has traveled a long and winding path. Initially only seen as the sole cryptography experts of the Cypherpunk movement, the king of crypto has managed to establish himself in popular culture today. The state of Louisiana in the United States has thus been forced to highlight the incredible wave of creativity that has caused Bitcoin to soar. These people want to "congratulate" Bitcoin and its creator! In a more official resolution, the government of the United States of America's state of Louisiana wanted to recognize all Bitcoin contributions to the economy, as well as thank its creator: « (...) It is agreed that the House of Representatives of the Louisiana Legislature pay tribute to Satoshi Nakamoto for his contribution to economic sec...

Carlos Ghosn: his escape will have been funded in Bitcoins

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According to US investigators, Carlos Ghosn's son sent 500 thousand dollars in bitcoins to one of the perpetrators in his father's escape to Lebanon in December 2019. And this, notwithstanding the fact that the ex-president of the Renault-Nissan partnership has always denied the involvement of his family members. The investigation into the complicity of Carlos Ghosn's eviction in the United States is progressing. According to the most recent information available, Anthony Ghosn, the son of Renault's former chairman, made a bitcoin payment to Peter Taylor, who was suspected of taking part in his father's private jet exfiltration while residing in Japan. Bloomberg confirms that the one-million-dollar transaction took place on the Coinbase platform. In total, Peter Taylor and his father, Michael Taylor, a former member of the US Special Forces who was converted to private security, received $136 million in the course of the exfiltration operation. The presence of a fir...

Facebook was rumored to have purchased Bitcoin

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According to several sources well established in the cryptocurrency ecosystem in the United States, the social networking giant would have Bitcoin in its balance sheet. The official announcement could take place on Wednesday, April 28. According to Mira Christanto, a research analyst at Messari, the current fluctuations in the price of Bitcoin would be linked to buying and selling moves from Silicon Valley giants. The price drop below $48,000 was reportedly triggered by the sale of 10% of Tesla's BTC holdings - a report confirmed by Elon Musk himself - while the recent rebound is said to be due to Facebook's purchase of Bitcoin. Following Tesla's $1.5 billion purchase of Bitcoin in February, it is now Facebook's turn to endorse Bitcoin's reserve value status. Elon Musk and Mark Zuckerberg bet on Bitcoin Facebook is scheduled to release its quarterly results on Wednesday, April 28. It is on this occasion that the company founded by Mark Zuckerberg could reveal that i...

Bitcoin address: definition and example

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Bitcoin address: definition and example A bitcoin address is used to designate the destination of a bitcoin payment. It can be compared to an Iban. What is a bitcoin address? A bitcoin address, or BTC address, is used to designate the destination of a bitcoin payment. In this sense, a bitcoin address can be considered the equivalent of an Iban account number. All bitcoin addresses begin with 1 or 3. Each one contains a string of between 26 and 35 alphanumeric characters, which can also be presented as a QR code. Based on asymmetric cryptography, a bitcoin wallet generates and stores public/private key pairs. These keys are used to perform transactions, secure them and ensure their integrity. The private key is used to prove to all peers on the network that you are the owner of the bitcoins associated with a given transaction. If you are a Bitcoin owner, you must therefore be careful to protect your private key, as its theft is often synonymous with Bitcoin theft. Example of a bitcoin a...

Bitcoin: gaming giant Nexon invests $100 million

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The Japanese company  Nexon , which has been listed since 2011, has purchased 1,717 bitcoins. This new allocation represents less than 2% of its cash. The list of large companies investing in bitcoin is growing. After Tesla, software company Microstrategy and China's Meituan, Japanese gaming giant  Nexon  has announced that it has bought 1,717  bitcoins , the equivalent of $100 million. The company, which has been publicly traded since 2011, says this allocation represents less than 2% of its total cash and cash equivalents as of December 2020. "Our purchase of  bitcoin  reflects a disciplined strategy to protect shareholder value and maintain the purchasing power of our cash," Owen Mahoney,  Nexon 's president and CEO, noted in a statement. "In the current economic environment, we believe  bitcoin  offers long-term stability and liquidity while maintaining the value of our cash for future investments," he added. So, which company will be th...

NFL player agrees to get paid in Bitcoin

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AFP Sean Culkin of the Kansas City Chiefs wants to make NFL history by being the first player to be compensated exclusively in cryptocurrencies. In February, the 27-year-old signed a deal with the Missouri-based franchise that will pay him $920,000 if he makes it onto the roster. On Thursday, Culkin wrote on his Twitter account, "I strongly believe that Bitcoin is the future of finance, and I wanted to show that I was in this for the long haul, not just to make a fast buck." Culkin would not receive Bitcoins directly, which he would like, but would instead be paying in regular currency, which would then be exchanged into cryptocurrencies. "From my college days on, I've always had a lot of curiosity and a passion for finance and economics," he told ESPN. "I kept hearing about the increasing field of all things crypto in the offseason. To me, it only appeared to get larger and larger." Russell Okung, a free agent from the Carolina Panthers, was the first...

Bitcoin, a threat to US national security

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Will Bitcoin succeed in pushing the United States out of the world's economic leadership position and replacing the dollar? The National Interest newspaper publishes an article talking about the " Bitcoin " currency, and wonders whether this currency can replace the dollar in the future. The following is the translation of the full article: Bitcoin  is flying high, the dazzling child of market speculators. Even conservative wealth management companies on Wall Street have started offering Bitcoin services to clients. Bacon was first launched in 2009 with an initial asset value of exactly $ 0. In October 2010. Bitcoin  traded at around 10 cents to the coin. One hundred dollars will buy about 1,000  Bitcoins  . If an investor had held these digital "currencies", they would be worth more than $ 62 million today. Satoshi Nakamoto, a brilliant Japanese software engineer, invented  Bitcoin  in 2008, using the "blockchain" algorithm, and launched it to be the ...

Elon Musk did not sell his Bitcoin

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Accused on Twitter of having driven up the price of Bitcoin to cash in on a capital gain, Elon Musk refutes. On the other hand, Tesla, of which he is CEO, did sell 10% of its BTC capital, but not for the sake of profit. This is a fact. Elon Musk's messages on Twitter can influence the price of cryptocurrencies. This is especially true for Bitcoin, but also for DOGE. But do these tweets constitute intentional market manipulation? On the social network, the actor Dave Portnoy blamed the boss and influencer. And so the latter reacted and refuted the accusations. Because if Tesla holds Bitcoin, to the tune of $ 1.5 billion, Musk also owns some personally. And no, the executive did not take advantage of price fluctuations to make a capital gain. "I have not sold any of my bitcoins," Elon Musk soberly denies. However, this is not the case with Tesla. In early February, when BTC was still below $40,000, the carmaker invested 1.5 billion of its $19 billion cash in the cryptocurre...

Bitcoin has fallen back below the $50K mark for the first time since early March

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Coinbase's recent IPO has sent crypto-currencies into a tailspin, hitting new highs. However, with the volatility of the market, a further fall in prices seemed inevitable. Last week was a rough one for Bitcoin (BTC). The leading cryptocurrency was in free fall, dropping from an all-time high of nearly $65,000 a few days ago to $49,730 on Friday, April 23. This is the first time since early March that BTC has traded below $50,000, and it has dragged down other digital currencies like Ethereum and XRP. According to several specialist news sites, Friday's drop was due to the wave of selling seen after the announcement of US President Joe Biden's proposed capital gains tax increase. It should be noted, however, that BTC had already begun its downward trend a few days earlier due to several unfavorable factors. These include an unverified rumor of money laundering prosecutions using cryptos led by the U.S. Treasury and a mining problem in China. While over the weekend it went b...

Bitcoin must quickly return to $60K

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For analysts at JPMorgan bank, the signals are negative regarding the future trend of Bitcoin . The cryptocurrency needs to get back to the $60,000 mark very quickly or risk entering a downward trend. The chief investment officer of the institutional Guggenheim is concerned. And as of early 2021, Scott Minerd predicts a potential negative trend for  Bitcoin . "I think we could go back to $20,000 or $30,000 on  Bitcoin , which would mean a 50% decline. " Several other voices on Wall Street are also noting negative signals. This is notably the case of the managing director of Tallbacken Capital Advisors. "From a purely technical standpoint, the uptrend appears to be in serious jeopardy in the near term," writes Michael Purves in a note. Bitcoin has, however, already alternated periods of strong rises and very consistent falls in 2021. The most recent was over the weekend of April 17-18. This episode seems difficult to justify and is mainly due to a panic among investo...

PayPal to accept cryptocurrency transactions

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U.S. online payment giant PayPal announced Tuesday that it will accept cryptocurrency payments in the United States, a move that could accelerate the adoption of transactions in bitcoin, ether and other Litecoin. AFP A new feature in the PayPal wallet will offer consumers the ability to "pay in crypto," alongside other payment methods, the group announced in a statement. The service will be "available to millions of online businesses around the world and gradually over the next few months, customers holding cryptocurrency holdings in the U.S. will be able to choose to pay in crypto, seamlessly," PayPal said. "As the use of digital payments and currencies accelerates, the introduction of +Settle in Crypto+ is consistent with our efforts to support the widespread adoption of cryptocurrency," said Dan Schulman, PayPal's boss. "Allowing people to pay for purchases in cryptocurrencies from businesses around the world is the next step that will drive th...

DogeDay, The dogecoin reaches new heights

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Will "DogeDay" allow the dogecoin cryptocurrency to continue its stunning rise? For several days now, dogecoin, the cryptocurrency based on blockchain technology has been the talk of the town. Originally a joke started by an American entrepreneur in 2013, the community wants April 20 to become "DogeDay" after the completely implausible results of this last week. The cryptocurrency has risen more than 414% according to coinmarketcap. All outstanding dogecoins are now worth over $50 billion. Fans themselves declared April 20 "DogeDay" on social media in an effort to push the value of the digital currency to new heights. On April 12, dogecoin was worth 0.0707 cents per unit. By 3 p.m. on April 20, dogecoin was at 0.3965 cents. Its all-time high of 45 cents had been reached on Friday. So how to explain such a craze for a currency yet almost useless? This crypto-currency has little use in the real world outside of a few niche markets, including tipping artists ...

WeWork accepts payments in Bitcoin and cryptocurrencies

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Coworking company WeWork is now opening up to cryptocurrency payments for the rental of its workspaces. And the first business customer for this option is none other than Coinbase. WeWork is making its contribution to the democratization of cryptocurrencies as a payment method. The office and coworking services company will now accept crypto payments. To offer this new payment option, WeWork is therefore teaming up with BitPay and Coinbase. Thanks to this partnership, customers of its services will therefore be able to pay their bills in a selection of cryptocurrencies. WeWork will thus accept Bitcoin (BTC), Ethereum (ETH), USD Coin (USDC), Paxos (PAX), but also "several other crypto-currencies". However, the firm plans to go even further by opening up more widely to crypto. "WeWork will also hold the currency on its balance sheet. The company will pay owners and third-party partners in crypto-currencies, where applicable, through Coinbase, a member of WeWork and the lar...

Possible Bitcoin crack and a return to $20K

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Back to pessimism for Guggenheim's chief investment officer. As in January, Scott Minerd is worried about a possible Bitcoin crack and a price plunge to between $20,000 and $30,000. Scott Minerd is once again sounding the alarm. The director of investments of the Guggenheim institutional is no longer at his first time. And as we enter 2021, he alternates between optimism and pessimism. In an interview with CNBC, the financier thus brandishes the threat of a real plunge in the value of BTC. According to Minerd, the price of the crypto-asset could thus be divided by two following a brutal correction. "Given the massive movement we've had on Bitcoin in the short term, things are very hazy. And I think we're going to end up with a major correction in Bitcoin," he suggests. For the investment manager, however, this decline would not mean the end of hopes for the rise of the first of the cryptomineries. He thus reminds us that BTC has already recorded falls in the past....

Bitcoin, a financial weapon of China

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Investor Peter Thiel has sparked a debate by suggesting that Bitcoin could be exploited by China to threaten the hegemony of the dollar. Reality or fantasy? Is Bitcoin the plaything of Chinese political power? This fear is not new. It is explained in particular by the importance of the Bitcoin mining industry in China. And the argument is resurfacing at the initiative of Peter Thiel. Peter Thiel, an influential figure and investor, recently spoke at a round table organized by the Richard Nixon Foundation. Other US administration figures, including former Secretary of State Mike Pompeo, also participated. The Chinese obsession Peter Thiel does not exclude that  Bitcoin  could be a financial weapon for China. And this one could allow this economic adversary on the international stage to threaten the power of the dollar. "Even though I'm a pro-crypto, pro- Bitcoin  maximalist, I wonder if, at this point,  Bitcoin  should also be seen in part as a Chinese financial ...