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ByAuthor J.D. SmithPosted on
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Bitcoin Bigger Than Visa + Mastercard | Elon NFT Bids $1 Million

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**This is not financial advice. The expressed opinions in the video are of the speakers. You can lose all your money in the cryptocurrency market, so be sure to do your own research before investing.**The Gentleman of Crypto is a daily live broadcast that explores Bitcoin and cryptocurrency market. We discuss international topics, news updates, and future innovations in blockchain, digital currencies and assets, fintech, and more.fintech, and more.

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Bitcoin Blockchain Markets Opinion
ByAuthor J.D. SmithPosted on
13
0

Altcoins spike to new highs while Bitcoin bulls aim to recapture $57K

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Bitcoin (BTC) price continues to recover from its sub-$55,000 correction and at the time of writing, traders are attempting to recapture the $57,000 level as a support. 

Data from Cointelegraph Markets and TradingView shows that a wave of early morning selling pushed Bitcoin price to a daily low of $53,167 and while dip buyers did manage to step in, the lack of purchasing volume is keeping BTC pinned in what appears to be a tightening range.

BTC/USDT 4-hour chart. Source: TradingView

While Bitcoin price could continue to meet overhead resistance in the $56,000 to $58,000 range, a strong bullish case still exists as a potential $6.1 billion worth of Bitcoin options are set to expire on March 26. According to Cointelegraph contributor Marcel Pechman, derivatives data indicates that the upcoming expiry is more advantageous for the bulls as…

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Bitcoin Blockchain Opinion Tech
ByAuthor J.D. SmithPosted on
6
0

Polkadot integration sparks rallies in REN, OCEAN and CELR price

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Polkadot (DOT) has emerged as one of the top-choice blockchain networks over the past year thanks to its focus on facilitating interoperability between separate networks, especially Ethereum (ETH). 

As a result of Polkadot’s rise to prominence, projects that have embraced the concept of interoperability and joined the Polkadot ecosystem have seen a boost in their token prices over the past few months.

Ren (REN), Ocean Protocol (OCEAN) and the Celer Network (CELR) are three such projects that have led the way in facilitating cross-chain interoperability between networks, resulting in healthy increases to the number of active token holders and each project’s trading volume. 

REN/USDT

Ren is an open blockchain protocol that was specifically designed to provide interoperability and liquidity between a large number of separate blockchains, including Ethereum, Bitcoin (BTC) and Polkadot.

Collaboration with the Polkadot network began back in July 2020, when it was announced…

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Bitcoin Blockchain
ByAuthor J.D. SmithPosted on
11
0

Dutch libertarian posts political campaign signs that read ‘Bitcoin is the future’

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Robert Valentine, chairman of the Libertarian Party in the Netherlands, has erected a number of pro-crypto billboards in advance of an election later this week.

In an image shared on Valentine’s Twitter account, the libertarian party leader appears with laser eyes atop a message which states “Bitcoin is the future.” The party is one of 37 vying for seats in the House of Representatives of the Netherlands, which is scheduled to hold a general election on March 17.

“I wanted to have something that stood out and showed people that we embraced Bitcoin as a solution for a revolution,” said Valentine in an interview with crypto…

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Blockchain
ByAuthor J.D. SmithPosted on
8
0

Kraken users have already staked half a million ETH

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Ethereum’s transition to Ethereum 2.0 officially began in December 2020 with the launch of its beacon chain. The long-awaited scaling solution takes the blockchain from a proof-of-work to a proof-of-stake consensus algorithm. In the months since the transition began, users of United States-based crypto exchange Kraken have allocated more than half a million Ether (ETH) to the platform for staking purposes.

On Tuesday, Kraken said via a public statement that the company was, “pleased to announce that the total amount of ether staked through its platform has now surpassed 500,000 ETH, as the Ethereum community continues to express its support for the much-awaited transition to proof of stake (PoS).”

Kraken breached 500,000 staked ETH yesterday, reaching 501,300 by the time the exchange’s news hit the public today.

In general, staking interest for Eth2 grew at the tail end of 2020 leading up to the December beacon chain launch….

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Bitcoin Investment Markets Opinion
ByAuthor J.D. SmithPosted on
11
0

Ethereum bulls enticed by $1,750 support and lack of ETH liquidations

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As Bitcoin price dropped below $55,000 on March 15, Ether (ETH) pulled back to confirm the $1,750 level as support. This signals optimism from professional traders despite the 12% drop that occurred after Ether price peaked at $1,950 on March 13.

While Ether may be bullish from the price perspective, recent news surrounding the protocol hasn’t been positive. Last week, Cointelegraph reported the rising tensions between miners and developers as they clashed over the EIP-1559 proposal, which is expected to reduce fee volatility and significantly impact miner revenue.

Moreover, the surging Ethereum network fees caused the volumes at decentralized exchange (DEX) to decrease while lending a boost to competitors like the Binance Smart Chain (BSC).

Ether price, USD. Source: TradingView

Despite repeatedly testing the sub-$1,750 level over the past week, Ether has shown strength. The upcoming Berlin upgrade on April 14 is expected to drastically reduce…

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Business Investment
ByAuthor J.D. SmithPosted on
12
0

Judge denies XRP Army a seat at the table in SEC v. Ripple case

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XRP tokenholders’ attempt to insert themselves as third-party defendants in the U.S. Securities and Exchange Commission case against Ripple may have come to an end.

According to court filings, federal judge Analisa Torres has denied a motion filed over the weekend on behalf of more than 6,000 XRP holders. The motion to intervene argues the interests of token holders — in this case, the XRP Army — were not being adequately represented in the lawsuit against Ripple and its executives.

Torres denied the motion “without prejudice,” meaning that lawyers representing XRP investors can refile in the future. The filing included a pre-motion letter to the Securities and Exchange Commission, or SEC, giving them an opportunity to respond.

According to court rules, the SEC is allowed three business days to respond to any such motion, but has requested an extension until March 22. It is…

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