Bitcoin's movement has been characterized by significant fluctuations in price. While it has experienced periods of rapid growth, reaching all-time highs, it has also seen sharp declines and periods of volatility.
Overall, Bitcoin has shown a long-term upward trend since its inception, but its price movement can be influenced by various factors including market sentiment, regulatory developments, adoption trends, and macroeconomic factors.
Jack Dorsey's payments company Block to expand bitcoin mining ambitions
Block, the payments company led by Jack Dorsey, is expanding its bitcoin mining ambitions. Not only designing chips, the company is now developing a complete bitcoin mining system.
Shiba Inu Is Crushing Bitcoin in 2024, but Can It Reach $1?
A rising tide lifts all boats, and the renewed positive sentiment toward cryptocurrencies is driving a resurgence in even the most speculative corners of the industry. Meme token Shiba Inu (CRYPTO: SHIB), for example, is sitting on a whopping 175% gain this year.
Shiba Inu is still trading almost 70% below its all-time high. The token delivered a staggering 45,278,000% gain in 2021, which would've been enough to turn a mere $3 into more than $1 million, but it proceeded to lose more than 90% of its value during the crypto crash of 2022.
So the surge in 2024 is masking a grim broader picture for Shiba Inu, but could it stage another historic run and reach $1 per token from its current price of $0.000028?
Shiba Inu developers have tried to create demand in other ways, by promoting a digital card game called Shiba Eternity and even by creating a metaverse (which still hasn't opened). Last year, they also released a significant upgrade called Shibarium, a Layer-2 blockchain solution designed to make transactions faster and cheaper. (The legacy Ethereum blockchain upon which Shiba Inu is built is clunky and inefficient.)
A Layer-3 solution is also in the works, which will improve the network further and enhance privacy. However, Shiba Inu could have the most advanced transaction mechanisms in the world, but that doesn't mean consumers or businesses will adopt it.
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Cryptocurrencies are digital tokens — not coin or cash — but digital money which allow people to make payments directly to each other through an online system set-up to allow peer-to-peer transactions without needing a bank. Cryptocurrency payments exist purely as digital entries into an online database that describes specific transactions.
Spare a few minutes on holiday to read some useful & very important rules of personal finance ⬇️ 1. Rule of 72 (Double Your Money) 2. Rule of 114 (Triple) 3. Rule of 144 (Quadruple) 4. Rule of 70 (Inflation) 5. 50-30-20 Rule 6. 3X Emergency Rule 7. 40℅ EMI Rule 8. Life Insurance Rule 1. Rule of 72: No. of yrs required to double your money at a given rate, U just divide 72 by interest rate Eg, if U want to know how long it will take to double your money at 8% interest, divide 72 by 8 and get 9 yrs At 6% rate, it will take 12 yrs At 9% rate, it will take 8 yrs 2.Rule of 114: No. of years required to triple your money at a given rate, U just divide 114 by interest rate. For example, if you want to know how long it will take to triple your money at 12% interest, divide 114 by 12 and get 9.5 years At 6% interest rate, it will take 19yrs 3.Rule of 144: No. of years required to, quadruple your money at a given rate, U just divide 144 by interest rate. (For eg, if you want to know how long it will take to quadruple your money at 12% interest, divide 144 by 12 and get 12 yrs At a 6% interest rate, it will take 24yrs 4. Rule of 70: Divide 70 by the current inflation rate to know how fast the value of your investment will get reduced to half its present value. The inflation rate of 7% will reduce the value of your money to half in 10 years. 5. 50-30-20 Rule:Allocation Divide your income into 50℅ - Needs - Groceries, rent, EMI 30℅ - Wants - Entertainment, vacations, etc 20℅ - Savings - Equity, MFs, Debt, FD, etc At least try to save 20℅ of your income. You can definitely save more 6. 3X Emergency Rule: Always put at least 3 times your monthly income in Emergency funds for emergencies such as loss of employment, medical emergency, etc. You can have around 6 X Monthly Income to be on a safer side 7. 40℅ EMI Rule: Never go beyond 40℅ of your income into EMIs. Say you earn, 50,000 per month. So you should not have EMIs of more than 20,000. This Rule is generally used by Finance companies to provide loans. You can use it to manage your finances. 8. Life Insurance Rule: Always have Sum Assured as 20 times of your Annual Income Thank you for patiently reading the long yet important msg😃😇🙏 Gratitude 🙏🙏 #BinanceLaunchpool#binance#BTC🔥🔥🔥🔥🔥🔥
The cryptocurrency market has recently put the spotlight on three distinctive tokens: Dogecoin (DOGE), with its path to recovery after a notable dip; Shiba Inu (SHIB), presenting a bold long-term surge prediction; and Furrever Token (FURR), making strides in its presale phase. Dogecoin’s 20% correction has been a talking point among investors and analysts alike, stirring debates about its potential recovery paths and future value.
Shiba Inu (SHIB), Pepe Coin (PEPE), and Retik Finance (RETIK) have emerged as popular choices among investors due to their unique features and promising growth prospects.
Core Scientific CEO Adam Sullivan told Blockworks the company is gearing up its balance sheet to refresh its fleet with per-block mining rewards set to be cut in half next month.
Mining rewards are set to drop from 6.25 BTC to 3.125 BTC in late April due to a Bitcoin halving event that happens roughly every four years. The occurrence is expected to put a segment of the industry’s companies under financial stress.
At that point, Core Scientific expects to purchase machines from struggling companies in the sector unable to afford parts of their existing orders.
The company operated 222,000 bitcoin miners for self-mining and hosting — with an energized hash rate of 25.1 exahashes per second (EH/s) — as of Feb. 29.
Bitcoin will disappear and go to zero someday: Jim Rogers
$BTC $BNB $ETH
Investor guru Jim Rogers, renowned for his expertise in commodities like gold and silver, remains deeply skeptical about cryptocurrencies' long-term prospects. Speaking at the India Today conclave, Rogers expressed his reservations, stating, "I'm very skeptical of crypto. I don't expect it to last. It's been fabulous for some people now. Not for me, but I do not see any long-term value in cryptocurrency."
Rogers, known for his straightforward opinions, once famously compared Bitcoin to commodities like sugar or rice, emphasising his preference for tangible assets. "I have more confidence in the future in real things that people can use than I do in Bitcoin," he remarked. "Whether it's rice or sugar doesn't matter. I know that rice will always have value. It has always, I do not know that Bitcoin will always have value."
Bitcoin turns higher after Fed meeting, reclaiming $67,000
Bitcoin has declined 10% in the past week after hitting an all-time high of $73,797.68 last Thursday. It's still up 53% for the year.
Bitcoin is a bit of everything — sometimes it trades like a high beta tech stock."
If bitcoin were to fall below the $60,000 threshold, the cryptocurrency could weaken further to test the $50,000 to $52,000 level, Ayyar added, "which would be our line in the sand for this bull market to sustain [itself] going forward."
"There has been an inverse relationship between rates and bitcoin price," said Oppenheimer executive director Owen Lau.
"When the Fed increased interest rates in 2022, it took out liquidity from the market, which impacted bitcoin and tech stocks. When the Fed cuts rates, it provides liquidity to the market, which should benefit risky assets such as bitcoin."
$BTC $ETH As the Bitcoin price continues on an upward trajectory that has sent it toward new all-time highs, breaking above $73,000 this week. With this increase, the vast majority of BTC holders are currently seeing a profit, and large whales are taking advantage of this to cash out some profit.
Crypto analyst Ali Martinez took to X (formerly Twitter) to share a chart that showed that large Bitcoin whales were selling off some of their coins. These large whales are those that hold at least 1,000 BTC in their wallet, which means on the lower end, these whales are holding at least $73 million worth of Bitcoin on their balances.
As the chart shows, there has been a decline in the total number of BTC held by these large wallets and this signifies that they have been selling their coins. After the price first ran toward its 2021 all-time high of $69,000, these whales began reducing their allocation.
Pi Network Announces Mainnet Launch in 2024: Entering a New Era of Blockchain Technology
According to an official statement from the CEO of Pi Network, this step is the result of the hard work and dedication of the core team in delivering revolutionary solutions in blockchain technology. With much work still to be done to achieve this goal, the presence of the mainnet in 2024 will be a historic milestone for Pi Network.
In the face of an increasingly digital future, Pi Network is committed to being a leader in the industry. With the announcement of the mainnet launch, this significant step showcases the core team's confidence in their vision to create a stronger and more integrated ecosystem.
The beauty of Bitcoin units - from Satoshi to BTC, each representing a fascinating aspect of this decentralized world. The precision in measurement mirrors the complexity and elegance of the technology itself.