Connect with us

Crypto

Why Bitcoin’s popularity could soon fade away

Published

on

Bitcoin's popularity could soon fade away

Bitcoin’s smaller rivals are eroding its share of the $2 trillion digital currency market

Of the dozens snapping at its heels, most alternative coins have little use beyond financial trading, but very few investors seem bothered.

It’s led to analysts to raise a question “could bitcoin die” ?

Rise of alt-coins and more hate from Musk?

As the rise of Shib Coin, Dogecoin and Ethereum continue at rapid speeds, and Elon Musk swings some hate for Bitcoin’s environmental impact, the number one crypto could become a memory.

Ethereum, the worlds second largest digital currency has risen to all time highs over recent months, as investors gain momentum behind the crypto created by Vitalik Buterin.

Ether – as it’s also known by, has risen beyond $4,000 USD.

According to Forbes, an expert panel of crypto investors has predicted that the world’s second-largest crypto will rise to $20,000 by 2025.

The prediction comes due to the “major upgrades” that are set to be made to the Ether network potentially pushing it higher.

The rise of Shib Inu Coin

The “Shiba Inu coin” also known as SHIB coin or $SHIB is rising in popularity. Much like Dogecoin – it started out as a meme, but now crypto investors are seeing some potential.

Shiba was founded by the mysterious Ryoshi, in 2020. 

Shibu Inu coin can be bought as tokens directly from their website, or through popular third parties like the Uni-swap platform.

What about Dogecoin?

Doge took a hit in recent weeks after Tesla CEO Elon Musk referred to it as a ‘hustle’ on live TV.

At the same time however, the billionaire has been vocal with his support of the crypto, going as far as tweeting a poll if Tesla should accept Doge as a payment method.

“Do you want Tesla to accept Doge?” 

– Elon Musk tweeted

Anthony Lucas is reporter, presenter and social media producer with ticker News. Anthony holds a Bachelor of Professional Communication, with a major in Journalism from RMIT University as well as a Diploma of Arts and Entertainment journalism from Collarts. He’s previously worked for 9 News, ONE FM Radio and Southern Cross Austerio’s Hit Radio Network. 

Business

Government-backed crypto could threaten the U.S. economy, report finds

Published

on

Government-backed cryptocurrencies could threaten the U.S. economy, that’s according to a new report

The Treasury Department believe that prices crypto are set by market speculation and don’t have much economic reality.

It’s found crypto-asset firms intersect with entities that have risky business profiles.

Treasury believes this is a concern for the U-S financial system.

Of course, Bitcoin is just one digital coin to swing and los much of its value since the start of this year.

But advocates think these stable-coins could be less volatile than traditional currencies.

Continue Reading

Business

Kim Kardashian charged over crypto promotion

Published

on

Kim Kardashian is making headlines today but not for good reasons.

The celebrity has been charged $1.26 million by the Securities and Exchange commission for unlawfully promoting a crypto asset on her Insta profile.

The SEC found that the star failed to disclose she was paid $250, 000 to post about the digital coin.

Chair Gary Gensler says this is a reminder that “when celebrities endorse investment opportunities, it doesn’t mean that those investment products are right”

Gensler warned investors to do their own research and analyse the risk involved based on their own financial goals.

Kardashian fully cooperated with the investigation and is not allowed to promote another crypto asset for three years.

Continue Reading

Crypto

Coinbase users in the dark following company-wide fault

Published

on

Coinbase users were left in the dark at the weekend because of a company-wide fault

The crypto exchange temporarily stopped transactions for users in the U.S. for over five hours.

Withdrawals and deposits involving bank accounts were put on hold.

But users could still use a debit card or PayPal to buy their crypto.

It follows a string of delays with Solana too, after the network suffered an outage last Friday.

Of course, Coinbase dropped over 1-thousand staff as the value of the crypto falls dramatically.

Continue Reading

Trending Now

Copyright © 2022 The Ticker Company PTY LTD