The cryptocurrency market has recovered after Elon Musk revealed his crypto portfolio at the “B Word” conference which took place yesterday. Right after the conference, Bitcoin jumped above $30,000 causing altcoins to surge. Altcoins usually follow Bitcoin.
Cathie Wood and Jack Dorsey were also at the “B Word” conference. During the conference, Elon Musk revealed three popular cryptocurrencies he owns.
Below is the full transcript of his speech.
Elon Musk: It’s best to think of money as an information system, primarily an information system for labour allocation and for practical purposes it exists in a series of heterogeneous databases, they’re…
Ghana aims to launch its own digital currency called the e-cedi in September 2021. However, this digital currency is completely different from the typical cryptocurrency. It is a Central Bank Digital Currency (CBDC) and the digital version of the Ghanaian cedi which is Ghana’s currency.
According to GNTC Ghana, e-cedi is expected to operate in a sandbox in the interim before being introduced to the general public as legal tender for financial transactions.
Bank of Ghana’s Governor Dr. Ernest Addison said that a pilot would determine whether the digital currency will be practicable before it goes into circulation.
Vitalik Buterin is a Russian-Canadian programmer and writer, and the co-founder of Ethereum, the world’s second most-valuable blockchain. He created the Ethereum blockchain when he was 21 years old.
According to Forbes, he is currently the world’s youngest crypto billionaire. In 2018, Michael Moynihan, a National Correspondent for Vice News travelled to Russia with Vitalik and both of them had an interview about blockchain and the creation of an entire new financial system.
Below is the full transcript of the conversation.
Vitalik Buterin: So I heard about Bitcoin for the first time and maybe February 2011. Eventually, I found a…
According to Bitpanda, Market capitalisation (market cap) is an indicator that measures and keeps track of the market value of a cryptocurrency. In other words, it is the real value of a cryptocurrency.
Bitcoin is the world’s largest cryptocurrency in terms of market cap. At the time of writing, Bitcoin (BTC) market cap is exactly $655,637,242,497. Ethereum is the second largest cryptocurrency in terms of market cap. At the time of writing, Ethereum (ETH) market cap is exactly $264,017,504,878. However, the global crypto market cap is less than the Gold’s market cap.
Cardano is a proof-of-stake (a method for cryptocurrency verification through distributed consensus) blockchain platform: the first to be founded on peer-reviewed research and built through evidence-based techniques. Ada is the native token of Cardano. Cardano launched Mary hard fork on 1 March 2021.
A hard fork is the introduction of any consequential alteration to the core code of a blockchain protocol, performing any transaction record before it unsuitable with the hard-forked version of the blockchain. Mary is a very consequential upgrade to Cardano, bringing new features and range of capabilities via the availability of native tokens and the multi-asset ledger.
El Salvador became the world’s first country to adopt Bitcoin as legal tender. And more countries will follow their step in the future. The price of BTC surged above $37,000 right after the news.
At the time of writing, BTC is trading at $36,000 with a market cap of over $674 billion. Raoul Pal, CEO and co-founder of Real Vision elaborated on the benefits of the Bitcoin El Salvador deal in an interview.
Raoul: So, i think it’s Bitcoin first then ETH and when ETH goes up all of the tokens go up as well, so we are going to…
Tyler Winklevoss and Cameron Winklevoss elaborated on Bitcoin at the Bitcoin 2021 conference in Miami. According to the Winklevoss twins, Bitcoin is still at an early stage. Tyler predicted that one Bitcoin will be worth $500,000.
Host: Cameron and Tyler you guys were some of the earliest investors in bitcoin and I've publicly said it before, i think that you guys are going to end up being some of the best investors in the world and the reason being that you had such deep conviction to go and put a sizeable amount of money. Most people who found bitcoin they…
Coinbase announced today in a blog post it has formally listed dogecoin on Coinbase Pro. However, the crypto exchange said trading will start at 9am Pacific Time (PT) on Thursday if there is enough liquidity. Coinbase announced it will immediately begin accepting inbound transfers of dogecoin to Coinbase Pro in regions where trading is supported.
According to the crypto exchange, once enough supply of DOGE is established on the platform, trading on its DOGE-USD, DOGE-BTC, DOGE-EUR, DOGE-GBP, and DOGE-USDT order books will launch in three stages, post only, limit-only and full trading. …
VeChain is a cryptocurrency and blockchain-powered supply chain platform that use distributed governance and Internet of Things (IoT) technology to build an ecosystem which solves some of the chief problems with supply chain management.
It is a smarts contracts platform that focuses on supply chain management and enables manufacturers to add sensors, such as RFID tags, to their products that can then record data onto the VeChain blockchain.VeChain was launched in June 2016 and was founded by Sunny Lu and Jay Zhang. …
The cryptocurrency market is experiencing a huge correction causing many traders and investors with paper hands to dump their cryptos. But this is the best time to buy as prices dropped. “Buy low, sell high.” Cathie Wood, the CEO and chief investment officer at Ark investment Management said Bitcoin will hit $500,000 in an interview at the Bloomberg Businessweek event.
Host: You at one point i think back in April told Dow Jones that Bitcoin could go to about five hundred thousand dollars. Do you still hold that target? Do you still think that’s where we’re headed?
Cathie: We do…