Tag Archives: Bitcoin

Shiba all set to cross Doge coin

One day you’re on top of the world, making headlines for your upcoming appearance on SNL. Not long after, you’re the laughing stock of the internet. That’s the curse of Dogecoin, which, along with Bitcoin, Ethereum and pretty much every other cryptocurrency, have been tumbled in value over the past week.

The latest free fall is most likely the result of Chinese spectacular Crypto Regulations 

On the other hand one cannot just ignore the fact that causing the market currently being inundated with supply as Chinese miners have been selling their crypto to cover the cost of shuttering operations,” he explained. “This is having a negative impact on all prices, with altcoins being the most impacted,” the analyst added.

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Mancini said that savvy investors “may want to watch Bitcoin for increased order book interest in the $20,000 range,” suggesting that it could fall to that level, signaling a possible reversal is at hand, however.

To be sure, there is no one-size-fits-all model for investing in crypto and buying is dependent on investors’ tolerance to losses and their long-term perspective, strategists note.

Dogecoin, for instance, dropped more than 30%, to under 20 cents. That’s a huge fall from its stratospheric high of 70 cents back in April. Bitcoin slumped to around $29,500, a fall of more than 10%, while Ethereum has crumbled 15%. Ether’s fall has affected thousands of altcoins, most of which are built off the Ethereum blockchain and have a chunk of their value weighted in Ether coins. The entire market has trended down 12%, according to Coinbase, a cryptocurrency exchange.

London Based Asian set new record in NFT

Trends nobody was expecting. Long term and short term investments opportunities are all open for new investors as formers are making most out of it.

London based 14 years old asian earned $350000 from NFT without bank account

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Best NFT marketplace to buy and sell, Popular decentralized NFT marketplace OpenSea hit a record $1 billion in weekly sales.

Maye Musk appeared at the end of her Tesla CEO son’s SNL monologue to ask what he got her for Mother’s Day.

“I’m excited for my Mother’s Day gift,” Maye Musk said. “I just hope it’s not dogecoin!”

Musk, who is a huge fan of DOGE, declared his endorsement for the altcoin on March 3 through a tweet. However, his initial tweet was not actually related to crypto but was instead a meme that he captioned “Dogs roc,” which was followed by another tweet stating “they have the best coin,” which was in reference to Dogecoin. Interestingly, this is not the first time Musk is expressing positive sentiment toward Dogecoin. In April last year, the SpaceX and Tesla CEO tweeted that DOGE was his favorite crypto, indicating at the time that it was pretty cool

When the firm announced mining of this..

Well the way it has been speculated in last few months by the planet richest person in his tweets seems enormous potential in the future string of this cryptocurrency. Vancouver-based tech firm Hello Pal International said Thursday its website suffered a temporary outage due to overload after announcing it’s going to start mining dogecoin & litecoin

Rating: 1 out of 5.
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  • In an announcements, Hello Pal International said following its dogecoin-related announcement its company website experienced a surge in traffic of over 1000%, which resulted in the website server being overloaded and causing a temporary outage.
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  • On March 8, the firm announced the acquisition of an initial 15% interest in a dedicated dogecoin and litecoin mining facility, and the acquisition of an initial 51% of at least 12,500 mining rigs dedicated to mining both cryptocurrencies.
  • “The sharp increase in activity on our website and the Hello Pal app validates the clear position we have taken on dogecoin as well as on cryptocurrency in general,” said KL Wong, founder, and chairman of Hello Pal.
  • Dogecoin has seen a resurgence in popularity after celebrities including Elon Musk, Snoop Dogg and Gene Simmons have tweeted about the cryptocurrency and as price inclined during the WallStreetBets trading mania.

Canadian Bitcoin in US?

Another day, another record high. There’s only really one story to cover today, and that’s bitcoin. Again. As I write it stands at $47,000. Yesterday saw its greatest up day ever. Why? Elon Musk –that’s why. The most popular cryptocurrency BTC=BTSP has gained 1,150% since its March 2020 lows, as institutional investors searched for alternative investments and retail traders rode the wave. It traded at a few hundred dollars only five years earlier. Glassnode, which provides insight on blockchain data, said in its latest report that bitcoin’s limited supply suggested further gains for the virtual asset.

Canadian Bitcoin and its future in the US?

Bitcoin’s liquid supply is continuing to decrease, as investors increasingly acquire and “hodl” the asset for the long term. “Hodl” is crypto slang for the act of an investor holding the asset instead of selling it. Currently, around 78% of issued bitcoin are either lost or being “hodled.” This leaves less than four million bitcoins to be shared among future market entrants – including large institutional investors such as PayPal, Square, S&P 500 companies, and exchange traded funds, Glassnode said.

Yesterday, Nasdaq-listed car manufacturer, Tesla (TSLA) announced that it has bought some $1.5bn-worth of bitcoin. The price (of bitcoin, not Tesla) duly shot up. It’s hardly a surprise. Last month, Tesla announced that it might hold some of its cash reserves in “certain alternative reserve assets including digital assets, gold bullion [and] gold exchange-traded funds.”

Then the world’s richest man added the bitcoin hashtag to his bio on Twitter. He began making cryptic comments. “In retrospect it was inevitable”, he said. He started posting memes about dogecoin, a cryptocurrency that was invented as a joke (yes, really), going to the moon. Then last week Musk said, during a conversation on Clubhouse, that he thought bitcoin “was on the verge of broad acceptance”.

China mostly banned Silicon Valley companies because of this reason

In such a tech era where everything is pinching towards digital medium, one cannot even imagine living life without websites such as Google, Youtube, Netflix or Twitter, China has banned all such foreign companies.

Ever since the Chinese Government banned Facebook in 2009, Mark Zuckerberg has been making annual trips there attempting to persuade its leaders to let his company back in. He learned Mandarin and jogged through the smog-filled streets of Beijing to show how much he loved the country. Facebook even created new tools to allow China to do something that goes against Facebook’s founding principles — censor content.

But the Chinese haven’t obliged. They saw no advantages in letting a foreign company dominate their technology industry. China also blocked Google, Twitter, and Netflix and raised enough obstacles to force Uber out.

Image result for silicon valley

Chinese technology companies are now amongst the most valuable — and innovative — in the world. Facebook’s Chinese competitor, Tencent, eclipsed it in market capitalization in November, crossing the $500 billion mark. Tencent’s social-media platform, WeChat, enables bill payment, taxi ordering, and hotel booking while chatting with friends; it is so far ahead in innovation that Facebook may be copying its features. Other Chinese companies, such as Alibaba, Baidu, and DJI, are racing ahead in e-commerce, logistics, artificial intelligence, self-driving cars, and drone technologies. These companies are gearing up to challenge Silicon Valley itself.

The protectionism that economists have long decried, which favors domestic supplies of physical goods and services, limits competition and thereby the incentive to innovate and evolve. It creates monopolies, raises costs, and stifles a country’s competitiveness and productivity. But this is not a problem in the Internet world.

china chip

Over the Internet, knowledge, and ideas spread instantaneously. Entrepreneurs in one country can easily learn about the innovations and business models of another country and duplicate them. Technologies are advancing on exponential curves and becoming faster and cheaper — so every country can afford them. Any technology company in any country that does not innovate risks going out of business because local startups are constantly emerging that have the ability to challenge them.

Chinese technology protectionism created a fertile ground for local startups by eliminating the fear of foreign predators. And there was plenty of competition — coming from within China.

Silicon Valley’s moguls openly tout the need to build monopolies and gain an unfair competitive advantage by dumping capital. They take pride in their position in an economy in which money is the ultimate weapon and winners take all. If tech companies cannot copy a technology, they buy the competitor.

Amazon, for example, has been losing money or earning razor-thin margins for more than two decades. But because it was gaining market share and killing off its brick-and-mortar competition, investors rewarded it with a high stock price. With this inflated capitalization, Amazon raised money at below market interest rates and used it to increase its market share. Uber has used the same strategy to raise billions of dollars to put potential global competitors out of business. It has been unscrupulous and unethical in its business practices.

Though this may sound strange, copying is good for innovation. This is how Chinese technology companies got started: by adapting Silicon Valley’s technologies for Chinese use and improving on them. It’s how Silicon Valley works too.

Steve Jobs built the Macintosh by copying the windowing interface from the Palo Alto Research Center. As he admitted in 1994, “Picasso had a saying, ‘Good artists copy, great artists steal’; and we have always been shameless about stealing great ideas.”

Apple usually lags in innovations so that it can learn from the successes of others. Indeed, almost every Apple product has elements that are copied. The iPod, for example, was invented by British inventor Kane Kramer; iTunes was built on a technology purchased from Soundjam, and the iPhone frequently copies Samsung’s mobile technologies — while Samsung copies Apple’s.

Facebook’s origins also hark back to the ideas that Zuckerberg copied from MySpace and Friendster. And nothing has changed since Facebook Places is a replica of Foursquare; Messenger video duplicates Skype; Facebook Stories is a clone of Snapchat, and Facebook Live combines the best features of Meerkat and Periscope. Facebook tried mimicking Whatsapp but couldn’t gain market share, so it spent a fortune to buy the company (again acting on the Silicon Valley mantra that if stealing doesn’t work, then buy).

China opened its doors at first to let Silicon Valley companies bring in their ideas to train its entrepreneurs. And then it abruptly locked those companies out so that local business could thrive. It realized that Silicon Valley had such a monetary advantage that local entrepreneurs could never compete.

America doesn’t realize how much things have changed and how rapidly it is losing its competitive edge. With the Trump administration’s constant anti-immigrant rants, foreign-born people are getting a clear message: Go home; we don’t want you. This is a gift to the rest of the world’s nations because the immigrant exodus is boosting their innovation capabilities. And America’s rising protectionist sentiments provide encouragement to other nations to raise their own walls.