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Vitalik Buterin believes that “decadent communism” can make the crypto economy fairer and promote the common good amidst the inherent chaos of the market. The term “Degencommunism” refers to the adventurous spirit of the “Degen” culture, known for its high-risk, high-return investment strategies, and its structured approach to ensure that the fallout from market volatility does not cause undue harm. It is a fusion of approaches. Supporting this approach, Ethereum's co-founders have proposed a mechanism for small users to become whole first before compensating larger stakeholders in the event of a hack or project collapse. Buterin called it a fairer…
The value of a single layer-1 blockchain project being developed in the Bitcoin (BTC) ecosystem is skyrocketing as the broader cryptocurrency market consolidates. CORE, which aims to leverage Bitcoin's proof-of-work system (POW) and proof-of-stake (POS) attributes using a proprietary consensus mechanism called Satoshi Plus, has historically It skyrocketed over the week. Core has increased from $0.59 on March 23rd to $3.41 at the time of writing. Widely followed economist Alex Krueger recently called attention to the project, correctly predicting that it would lead to a massive price hike. Krueger said last month. “There are two types of people in cryptocurrencies:…
All attention is Bitcoin halvingas a market analyst Predict Crypto tokens are trending even higher. However, crypto analyst Jason Pizzino recently made a strong case for altcoins: Ethereum (ETH) and Solana (SOL) And why should we focus on them? Ethereum and Solana still gear up for strong moves ahead of Bitcoin Pizzino suggested: video On his YouTube channel, he said that Ethereum could experience a breakout in the coming months. This comes on the heels of his analysis of the ETH/BTC pair, in which he pointed out that Bitcoin is currently gaining traction. Updated all-time high (ATH) On the other…
This 141-year-old retailer outperforms Amazon Forget about big tech companies. This old stock is expanding rapidly while increasing its dividend. Believe it or not, the company has easily beaten Amazon's stock price by 117% since 2019. Read Benzinga's latest insider-only report to set yourself up for future profits, income, and more with this stock.Get access for just $0.99. Americans considering emigrating if “their” candidate doesn’t win the 2024 presidential election may want to consider a novel idea from an Ethereum co-founder. Vitalik Buterin It is called “Degen Communism”. what happened: In his latest blog post, Buterin suggests that “there is…
The AI sector is exploding, with investors racing to pour money into the space, up to $200 billion by next year, according to Goldman Sachs. But industry leaders have warned that the “hype” and growing enthusiasm around AI threatens to undermine the scientific progress needed to move the technology forward. “[AI] There's a ton of hype that comes with it, and there's probably some nasties and things that you see in other hype areas, like cryptocurrencies,” said DeepMind co-founder and chief executive. CEO Demis Hassabis said. financial times. “Some of that spills over into AI, which I think is a…
Disclosure: This article does not represent investment advice. The content and materials published on this page are for educational purposes only. Amid the Bitcoin and Ethereum market correction, Kelexo (KLXO) promises a platform for instant crypto lending and borrowing, attracting interest from investors looking for new lending solutions. With Bitcoin (BTC) hovering around $68,000 and Ethereum (ETH) rising, interest in the financing opportunities offered by Kelexo (KLXO) is surging among crypto investors. In the midst of these price fluctuations, Kelexo has emerged as a promising candidate for investors seeking alternative financial solutions. Built on blockchain technology, his Kelexo provides a…
godfrey benjamin Polygon Labs' Marc Boiron says Ethereum (ETH) could lose value to L3 Read U.TODAY google news Known as one of the most versatile protocols in terms of evolution, the innovators of Ethereum (ETH) are currently pushing to launch a layer 3 blockchain network. Polygon Labs CEO Marc Boiron commented on this new trend: condemned This move points out that L3 does not form a path to properly scale Ethereum.Polygons do not participate in trendsIn the post shared by Marc Boiron, it is clear that Polygon Labs is not jumping on the bandwagon in developing layer 3 solutions. Polygon…
Bitcoin started the new week on a somewhat bearish note after a flash crash sent the price below $69,000 once again. Since then, the price of the largest cryptocurrency in the space has recovered somewhat. But the damage has already been done, with tens of thousands of crypto traders exiting leveraged positions as a result. 81,000 crypto traders lose $220 million Bitcoin’s flash crash has reached a support level just above $68,800, but crypto traders are already feeling the brunt of this massive move. More than 81,000 traders lost leveraged positions in the past day, and liquidations piled up. That…
A lot has changed since then. When I started reporting, the price of Bitcoin was around $25,000, which seemed astronomically high at the time. No one had ever heard of SBF, Bitcoin Ordinals or ChatGPT. No one owned a Bitcoin ETF.Therefore, when Bitcoin enters that market, fourth half April of this year is the time to update and revise these scenarios, again ranging from bullish to bearish. And once again, we vaguely defined “the future” as 10 years from now. Far enough away that there's room to play, and close enough that there's a connection to reality.One thing hasn't changed…
MicroStrategy, a software company and large Bitcoin holder, was one of the best performing stocks in the first quarter. However, one short seller believes Bitcoin is overvalued and is a better option for crypto enthusiasts.Kerrisdale Capital said in a report Thursday that it is long Bitcoin and short MicroStrategy Inc. stock. , MicroStrategy claims to be a “Bitcoin agent that trades at an unfair premium to the digital assets that increase its value.” MicroStrategy stock fell 11% on Thursday. But even after factoring in that decline, the stock still surged a staggering 170% in the first quarter of 2024, thanks…