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Why this billionaire investor’s crypto-investment advice has no basis

Source Node: https://ambcrypto.com/why-this-billionaire-investors-crypto-investment-advice-has-no-basis/
Time Stamp: September 1, 2021 5:30 AM - Modified On: September 1, 2021 - Published By:
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The “Bitcoin is a bubble” theory has been touted for as long as the digital asset has existed. Despite Bitcoin providing optimum returns over the last few years, many traditional investors have failed to find value in the crypto. Billionaire investor and subprime broker John Paulson is the latest addition to this clique. In a recent interview, Paulson called crypto a bubble that will “eventually prove to be worthless.” Paulson had famously predicted and benefited from the U.S. subprime mortgage crisis in 2008 by placing a successful short position on

Pranksy Drops $336,000 on Fake Banksy NFT

Source Node: https://beincrypto.com/pranksy-drops-336000-on-fake-banksy-nft/
Time Stamp: September 1, 2021 3:33 AM - Modified On: September 1, 2021 - Published By:
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Well-known NFT collector Pranksy has been the victim of an elaborate hoax that cost him more than $300,000.Sponsored Sponsored Twitter was ablaze with rumors of an official Banksy NFT being posted for sale on OpenSea on Tuesday. The listing caught the eye of famous British NFT collector and Co-Founder of NFTBoxes, Pranksy. Pranksy currently owns more than 39,000 NFTs on OpenSea. The listing gained further traction when it was discovered that a subpage on Banksy’s official website appeared with NFT information on it earlier in the day. The page featured

XRP Searches for Support After Rejection from Resistance

Source Node: https://beincrypto.com/xrp-find-support-after-rejection/
Time Stamp: August 30, 2021 6:56 AM - Modified On: August 30, 2021 - Published By:
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XRP (XRP) has been increasing since bouncing at the $0.62 long-term horizontal support area at the end of July.Sponsored Sponsored It was rejected by a descending resistance line on Aug 29 and is now attempting to find short-term support. XRP bounces at long-term support XRP has been moving upwards since bouncing at the $0.62 horizontal support area at the end of July. So far, it has managed to reach a high of $1.35 on Aug 15. The token has been moving downward since. Sponsored Sponsored Technical indicators are providing a mostly

This is driving Dubai’s cryptocurrency market to do ‘fantastically well’

Source Node: https://ambcrypto.com/this-is-driving-dubais-cryptocurrency-market-to-do-fantastically-well/
Time Stamp: August 30, 2021 5:30 AM - Modified On: August 30, 2021 - Published By:
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Dubai and the larger UAE have long been touted as rising tech and innovation hubs, providing entry points into Asia and Middle Eastern markets. With exponential developmental growth in the past decades, Dubai is now considered one of the fastest-growing metropolitan areas in the world. It would then not be surprising for some to speculate that the country could also rise up as one of the leaders in the cryptocurrency space. In a recent interview, Bittrex Global CEO Stephen Stonberg opined that Dubai is well-poised to capitalize from the growing cryptocurrency

Is Cardano Finally Ready To Blast Through $3.00? Analyst Benjamin Cowen Looks at State of ADA

Source Node: https://dailyhodl.com/2021/08/29/is-cardano-finally-ready-to-blast-through-3-00-analyst-benjamin-cowen-looks-at-state-of-ada/
Time Stamp: August 29, 2021 5:00 AM - Modified On: August 29, 2021 - Published By:
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Widely followed crypto analyst and trader Benjamin Cowen is weighing in on what could lie ahead for Cardano’s (ADA) bull run. In a new strategy session, Cowen says Cardano’s near future relies heavily on one simple metric involving Bitcoin. According to the crypto strategist, as long as Bitcoin stays above its 20-week moving average – currently around $42,500 – ADA has more room to run.  ADVERTISEMENT   “Is ADA likely to hit $3.00? The answer to that question likely is just if Bitcoin stays above the 20-week [moving average], it

Can These Surging Altcoins Compete With Ethereum? Glassnode Analyzes Three Growing Platforms

Source Node: https://dailyhodl.com/2021/08/28/can-these-surging-altcoins-compete-with-ethereum-glassnode-analyzes-three-growing-platforms/
Time Stamp: August 28, 2021 2:45 PM - Modified On: August 28, 2021 - Published By:
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A slew of smart contract platforms have been surging in price over the past 30 days, and blockchain analytics firm Glassnode is digging into the metrics to determine whether or not any of these platforms can compete with Ethereum (ETH) in the future. Avalanche (AVAX), Solana (SOL), and Terra (LUNA) have all exploded over the past month, gaining 292.9%, 212.2%, and 191.4% in value, respectively, according to CoinGecko. ADVERTISEMENT   Glassnode first discusses the “spike in interest” on AVAX and SOL. “Alternative smart contract platforms like Avalanche and Solana have

Cuba agrees to regulate, recognize cryptos citing ‘socio-economic interest’

Source Node: https://ambcrypto.com/cuba-agrees-to-regulate-recognize-cryptos-citing-socio-economic-interest/
Time Stamp: August 27, 2021 7:30 PM - Modified On: August 27, 2021 - Published By:
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Two weeks ahead of El Salvador’s official adoption of Bitcoin as legal tender, another Latin American nation has decided to officiate the use of cryptocurrencies. According to recent reports, the Cuban government has said that it wants to “recognize and regulate” the use of digital assets in the nation. A resolution was published in the nation’s Official Gazette today, one which revealed that the Cuban Central Bank will soon be implementing rules for the use of cryptocurrencies. Additionally, it will also be determining the licensing requirements for crypto-service providers within

The A to Z on if and when Bitcoin can flip Apple

Source Node: https://ambcrypto.com/the-a-to-z-on-if-and-when-bitcoin-can-flip-apple/
Time Stamp: August 27, 2021 5:30 PM - Modified On: August 27, 2021 - Published By:
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For a long time, Bitcoin has been subjected to a lot of criticism, unnecessary skepticism, and scrutiny. Ranging from its use in illegal transactions to energy concerns and price volatility, the king coin has seen it all over the last decade. However, the crypto’s trajectory from a market cap of $1 million in 2011 to almost $1.1 trillion this year has placed it seventh on the list of the world’s biggest assets. In spite of all the FUDs and criticism, the fact remains that Bitcoin managed to reach $1 trillion

Turkey: This Dogecoin mining scam may have duped investors to the tune of $119M

Source Node: https://ambcrypto.com/turkey-this-dogecoin-mining-scam-may-have-duped-investors-to-the-tune-of-119m/
Time Stamp: August 27, 2021 3:30 PM - Modified On: August 27, 2021 - Published By:
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The crypto-community has long been plagued by scams and frauds. Especially since people have often come up with ingenious ways to rip users off their crypto-holdings. A recent example from Turkey is a case in point. According to Turkish media reports, a scam involving Dogecoin has allegedly amassed fraudsters $119 million in deposits. Local channel TV100 broke the news earlier this week, revealing that the fraudster, “Turgut V,” is now on the run with all the funds. Along with his 11 associates, “Turgut” apparently tricked about 1,500 Turkish citizens into

‘Communities Are Very Important For an NFT Project,’ Says Digital Artist

Source Node: https://beincrypto.com/communities-are-very-important-for-an-nft-project-says-digital-artist/
Time Stamp: August 27, 2021 11:01 AM - Modified On: August 27, 2021 - Published By:
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BeinCrypto spoke to Julien van Dorland, digital artist, and avid non-fungible token (NFT) art collector, about his work, his collections, and the NFT space as a whole. Sponsored Sponsored Van Dorland is a digital artist, an NFT art collector, and founder of Arvable, a digital agency helping artists explore the metaverse and NFTs. Completely immersed in the NFT space, van Dorland is the perfect example of what the future holds when it comes to creating the metaverse. With involvement in almost all elements of the NFT value chain, van Dorland