Musk Says Web 3.0 Sounds Like BS – Touts Doge

Musk managed to draw the ire of the broader crypto community again while delighting Doge holders. Elon Musk, CEO of Tesla and SpaceX, posted a series of tweets shading Ethereum and Web 3 while touting Doge. Unfortunately, his tweets managed to pump up Doge again for a while. On Thursday, Musk wrote that Web 3, a concept that's widely supported in the crypto community, "sounds like bs." The stance is extraordinary, seeing that his brother, Kimbal Musk, launched an autonomous…

Raul Pal Says There’s a ‘Decent Chance’ For Ethereum To Flip Bitcoin

Former hedge fund manager Raoul Pal said that Ethereum could finish the year above $10,000. However, he also thinks that there is a “decent chance” of “flipping” – referring to Ethereum becoming the most significant crypto by market cap, removing Bitcoin from first place. Moreover, he thinks that Ethereum’s competitors will do even better. Raul Pal is a former Goldman Sachs executive and co-manager or GLG, a London-based global macro hedge fund. He has since retired from his position and started…

Hacker Uncovers Ethereum Tipping Feature In Twitter’s Code

As the Bitcoin-focused Jack Dorsey departs from Twitter, it appears his company is moving towards adopting other cryptocurrencies. A competent hacker recently dug into Twitter's code and unlocked a yet unannounced Ethereum-tipping feature. This follows a Twitter update from months ago that publicly enabled payment tipping through various methods, including Bitcoin. Ether Tips On Twitter? Jane Wong – a hacker famous on Twitter – quietly added her Ethereum tipping address to her account yesterday. Buzz began circulating as screenshot images…

Bitcoin Bounces Back to $58,000 – Showing Signs of Recovery

Bitcoin started a week with a bang, recovering from last week's selloff, as markets show clear signs of recovery. The price of the largest crypto soared 6% on Monday, reaching a high of $58,000. It has since settled slightly below that level, at $57,750. The jump made up for the last week's dip, prompted by the new, potentially vaccine-resistant COVID variant. Last Friday, Bitcoin dropped more than 9%, trading as low as $53,549 at one point. The sellout was due…

Is There An Ethereum ETF?

There’s been a lot of talk about crypto ETFs as of late. Specifically, Bitcoin ETFs. Last month, the very first Bitcoin ETF was launched in the United States. It pulled in over $1 billion in volume in just two days. Most importantly, it was praised for reeling an all-new investor base into the asset class. However, Bitcoin isn’t the only cryptocurrency in town. Ethereum – the second-largest crypto – has also seized the interest and funds of major investors. These…

Crypto Billionaire Zhu Su ‘Abandons’ Ethereum, Backtracks Amid Backlash

Crypto billionaire Zhu Su said he had abandoned Ethereum hours before backtracking on his statements. On Sunday, the CEO of Three Arrows Capital, a Singaporean hedge fund, stated that, despite supporting Ethereum in the past, he would no longer do so in the future. He claimed that Ethereum had abandoned its users, especially newcomers to the network. https://twitter.com/zhusu/status/1462216210116853762 Su called out the founders of Ethereum specifically. He stated they are "already too rich to remember what they originally set out…

Is Holding Cryptocurrency A Good Long-Term Strategy?

For most of their history, cryptocurrencies have been viewed by the mainstream as glorified gambling tools. In 2017, multi-millionaire life coach Tony Robbins said that buying Bitcoin was like “going to Vegas”. Innumerable others, including Warren Buffet and Peter Schiff, have criticized the asset class as lacking any ‘intrinsic value’. Despite years of ridicule along these lines, it appears that the nearly $3 trillion asset class is here to stay. Therefore, cryptocurrencies may provide more opportunities for profit besides serving…

Cryptos Drop With Bitcoin as After Threats From China – Twitter Rules Out Holding Bitcoin On Balance Sheet

Crypto markets are in the red after a 7-week rally. Major cryptos dropped with Bitcoin on Tuesday, down from record highs just a week ago. Bitcoin was down 7.3% in the last 24 hours. At one point, the largest crypto briefly dipped below $60,000, going as low as $58,702. It later rebounded, trading at around $60,550. At the same time, the largest smart contract crypto Ethereum dropped 9.2% to $4,287. Binance Coin dropped to $583, 9% down in the same period. Solana…

Which Cryptocurrency Has The Best Whitepaper?

Technical analysis and price predictions are one thing, but fundamentals are another. For those looking for long-term investment opportunities in the digital asset ecosystem, they'll need information beyond APY and media coverage. What is the value proposition of a given cryptocurrency? What market does it address? Is its tokenomics sound? Is it an outright scam? These are the questions that a cryptocurrency whitepaper should answer. What Is a Cryptocurrency Whitepaper? Though not exclusive to cryptocurrencies, the term "whitepaper" has entered…

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