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Goldman Sachs: What do cryptocurrencies have and do they attract investment interest? – Ethereum will surpass Bitcoin

In a lengthy report, US investment bank Goldman Sachs outlined some of its positions on cryptocurrencies and how Ethereum will surpass Bitcoin. What do cryptocurrencies have and do they arouse investment interest? Why will Ethereum surpass Bitcoin? These issues are analyzed in a 40-page report by Goldman Sachs, the American investment bank. Note that the total capitalization of cryptocurrencies on May 24, 2021 was 1.42 trillion. dollars with Bitcoin at $ 35,500 or $ 660 billion total value and Ethereum at $ 2,200 with a total value of $ 248 billion. In total there are over 5,200 different cryptocurrencies but…

Bitcoin “dive” – China keeps mining and trading to a minimum

And while it seemed to be stabilizing, Bitcoin is once again under threat of collapse, as the Chinese government announced on Friday (April 21st) that it would impose severe restrictions on cryptocurrency mining and trading – to the point that many analysts are talking about a ban. “Let China ban bitcoin mining. “So mining will become more decentralized, the black market will thrive and the lie that China controls the digital market will collapse,” said well-known Whalepanda analyst. In particular, according to a written statement by Chinese Vice President Liu He and the authorities of the Supreme State Council, stricter…

Bitcoin fell below $ 40,000 following new restrictions in China

Bitcoin plunged below $ 40,000 today in a three-and-a-half-month low, dragging down other digital currencies following new restrictions by China on cryptocurrency trading. Bitcoin, the largest and most well-known cryptocurrency, was already under pressure from a series of Twitter posts by Tesla CEO Elon Musk, but news from China brought it to $ 38,514, down 9%. Recently, its price reached $ 40,157, down 6.4%. The currency is now almost 40% lower than the record high of $ 64,895 on April 14. It is also heading for its first monthly drop since November 2018. Bitcoin movements also hit other cryptocurrencies, with…

Which hedge funds giants enter the cryptocurrency market

“King is dead, long live the king,” cryptocurrency users, investors and “lovers” shout after the betrayal of Tesla founder Elon Musk, who backed away from accepting Bitcoin as a trading medium, citing the high environmental costs that govern it. The consequences of the Musk decision are well known, with the cryptocurrency market slipping to such an extent that $ 325 billion was wiped off the market in three to four hours. However, for cryptocurrencies, it all starts now, as, according to information, three hedge funds – colossi Millennium Management, Point 72 Asset Management and Matrix Capital Management are planning a…

Can Ethereum With a Capitalization of 458 Billion Exceed Bitcoin 915 Billion – Some Consider It Possible

If the value of Ethereum reaches $ 8,000 then its total capitalization will be the same as that of Bitcoin Ethereum has grown by more than 400% since the beginning of 2021 and some already claim that Bitcoin could be capitalized. $ 3,940 worth of Ethereum has a total market capitalization of $ 458 billion and $ 48,750 worth of Bitcoin has a total market capitalization of $ 915 billion. For the record, the total capitalization of all cryptocurrencies is 2.28 trillion. dollars Ethereum reached $ 4,063, recording gains of about 450% for 2021 … so far. With a market…

Bloomberg: Cryptocurrencies will replace gold

Despite rising metal prices, cryptocurrencies and, above all, Bitcoin are increasingly approaching its value. With the capitalization of the most popular cryptocurrency exceeding 1.47 trillion dollars. and with inflationary pressures intensifying in the US, now hovering above 2%, both crypto and gold, as safe havens for investment, are likely to show further upward trends. But despite the upward trend in precious metals in general, Bloomberg reports that the rise of gold is “indifferent”. “At the moment I do not see any interest in the gold market. It is stuck and I think it will soon be replaced by digital gold,…

Luxemburg will become a center for the development of blockchain and cryptocurrencies

Luxembourg will cultivate the conditions for the development and establishment of a blockchain network for cryptocurrencies, as the authorities consider it to be a promising industry. According to Luxembourg Prime Minister Xavier Bettel, the government will continue to “pave the way” for the development of innovative technologies, with the hope that the country will become a leader in digital currencies. In fact, Bettel joked that he could create his own collection (NFT) to “make a lot of money in a very short time.” Bettel has been Prime Minister of Luxembourg since 2013. He is not a technician or programmer, but…

Turkey prepares arrangements for cryptocurrencies

The Central Bank of Turkey is not planning a ban on cryptocurrencies but stricter control … and a custodian bank. Following the collapse of the two Turkish cryptocurrencies, Thodex and Vebitcoin, the central bank plans to set up a bank to act as the custodian of cryptocurrencies, in order to avoid a recurrence of such phenomena. The Ministry of Finance, the Hellenic Capital Market Commission, the Central Bank and the Financial Crimes Service are involved in planning the actions against the cryptocurrency space in Turkey. In addition to setting up a central custodian bank, Turkish authorities are considering imposing a…

21% of Muscovites think crypto and digital currencies will replace fiat in 10 years

New research from one of the top 10 major banks in Russia, Otkritie Bank, has found that 14% of Russians think crypto will replace fiat in 10 years. According to Russian publication Nord News, the survey was conducted between April 12 and April 16, with a sample base of 1,000 Russians aged between 18 and 65 who live in cities with a population of over 100,000. The results varied among regions, with respondents from the Northwest having the least faith in crypto — just 8% believe crypto will oust fiat in a decade, while 34% adamantly refuse to believe that crypto could…

Cryptocurrencies also invade sports – What is happening in Greece

Millions of dollars in US dollars in Bitcoin for NBA and NFL, sponsorships in major European football leagues, FIFA-UEFA plans and the παράδειγμα Greek example of the Ionian Hellenic Coin basketball team Cryptocurrencies are gaining ground in the “industry” of sports. This happens in various ways and Greece is no exception to this trend. Why may the football and basketball clubs of the country not have dared e.g. to make – or even offer – salary payments to players and their coaches with Bitcoin, such as the Sacramento Kings in the NBA, but for a few months now there is…