Rich Dad Poor Dad author Robert Kiyosaki has thanked bitcoin for “kicking the fake U.S. dollar’s butt and bringing integrity back to money.” Kiyosaki has recently been more vocal in urging investors to buy bitcoin. He expects the price of the cryptocurrency to reach 0,000 by June of this year, cautioning that gold may experience […]
Bitcoin News
Donald Trump’s Cryptocurrency Portfolio Tops $5M, Thanks to $2.9M in Trump-Branded Tokens
Just recently, the 45th President of the United States, Donald Trump, has expressed a neutral stance towards bitcoin, stating he could live with it “one way or the other.” Meanwhile, Trump’s holdings in crypto assets have seen a significant increase in value. A substantial portion of his digital wealth is currently in a digital currency […]
Bitcoin News
Silver Proponent Predicts Medium-to-Long-Term Prices of $125 Per Ounce Thanks to Auto Industry
Silver prices have been hovering just below the per troy ounce mark over the last 24 hours, after jumping above the range in mid-January. While long-term and modest forecasts expect silver to hit by 2025 and by 2027, Keith Neumeyer, CEO of First Majestic Silver, thinks medium to long-term, silver could reach 5 per ounce, thanks to the automobile industry.
Keith Neumeyer Highlights Silver’s Role in the Growing Demand for Renewable Energy and Electric Vehicles
The precious metal silver is down more than 12% against the U.S. dollar since mid-January when it reached per troy ounce. Still, six-month statistics show an ounce of silver is 14% higher than it was on September 6, 2022. According to the forecast on coinpriceforecast.com recorded on March 6, 2023, silver’s price will “hit by the middle of 2025 and then by the end of 2026.”
The prediction also expects silver to rise to “ within the year of 2028, in 2030, and in 2032.” While that’s modest growth over the next decade, silver proponent and CEO of First Majestic Silver, Keith Neumeyer, has a more bullish outlook.
Neumeyer spoke with Michelle Makori, lead anchor and editor-in-chief at Kitco News, at the BMO Global Metals, Mining, & Critical Minerals Conference. The silver proponent’s outlook for 2023 is roughly per ounce, but his medium-to-long-term outlook is 5 per ounce.
He told Makori that this year was the first year he noticed auto manufacturers at the conference. Neumeyer opined that car manufacturers “aren’t really aware of the supply-demand fundamentals of the metal.” He also stressed that Tesla CEO Elon Musk should be watching this space closely.
“I think as they educate themselves and actually learn the challenges for the silver industry to supply the automotive sector, they will start looking at this industry a lot more aggressively… If I were Elon Musk, I’d be very active in this area,” Neumeyer said.
Neumeyer emphasized that silver is needed to create solar panels and car batteries, and he believes that this consumption will only continue to grow. During his conversation with Makori, Neumeyer stated that he has been predicting for a couple of years that silver prices will reach triple digits in the medium-to-long term, and he thinks that reaching 5 to 0 per ounce is a reasonable expectation.
He also believes that the “stars are aligning” for this prediction to become a reality and that we are now closer to it than we were a couple of years ago. Neumeyer informed the news anchor that the estimated consumption of silver in the solar panel industry is 160 million ounces for 2023. He added that the electrical automotive sector is projected to consume just under 100 million ounces of silver.
What do you think about Neumeyer’s silver forecast? Let us know what you think about this subject in the comments section below.
Solana (SOL) Could Register An Upswing, Thanks To This Pattern
Solana has been currently trading within a consolidation phase. Despite a recovery on charts, the coin is trading at the level it last traded in the month of August, last year. Over the last few days, the coin observed lateral price movements.
Usually after a consolidated phase, it can be assumed that the altcoin could witness a change in the price movement. Technical outlook painted a positive price action for Solana on both its hourly as well as daily chart.
Solana has recovered by over 40% from its lowest price which was recorded mid month, this year. At the moment, Solana has been trading between and price level. If the coin has to invalidate the bears completely, a jump above the will be required.
As the price of the asset started to note northbound movement, buyers regained confidence and started to re-enter the market.
Solana Price Analysis: One Day Chart
Solana was priced at on the one day chart | Source: SOLUSD on TradingView
The altcoin was exchanging hands at at the time of writing. Although, SOL was moving sideways, the technical pointed towards a possible bullish revival. Nearest resistance line for the coin stood at and if the coin struggles too much to break past the aforementioned level then SOL could attempt to visit the next support line.
The next price floor for SOL was at .85 and then at . Solana has visited these levels almost over ten months ago when the coin was on a bullish price action.
Bullishness can be pointed out because SOL has just managed to bounce off the long standing support line (yellow) of on the above chart. This particular price action can be attributed to a further upside movement.
Related Reading | Solana TVL Sees Sharp Decline, Reaches 2022 Low
One Hour Chart
Solana formed an ascending triangle on the one hour chart | Source: SOLUSD on TradingView
An ascending triangle has been formed on the one hour chart. This formation is tied to a bullish price action in the market. Solana could soon break past price level and challenge the mark. If the buyers are consistent in the market, this could happen even sooner.
Volume of the coin was seen in the green which is again directly related to bullish strength in the market. It is possible that the coin might consolidate over the immediate trading sessions and then finally break past the sideways trading pattern.
Technical Analysis
Solana registered uptick in buying strength on the one day chart | Source: SOLUSD on TradingView
Buying strength returned on the charts for Solana. As the coin regained some of its vigour back, investors are also back in the market. As seen on the Relative Strength Index, the indicator noted an uptick. Solana was not oversold anymore, however, the coin still witnessed more selling pressure compared to buying pressure in the market.
Moving Average Convergence Divergence noted green signal bars after noting a bullish crossover. The green signal bars highlight a change in the price momentum along with depicting that selling pressure was declining. With decline in selling pressure, Solana would again attempt to move past its immediate resistance mark.
Related Reading | LUNA Records 100% Growth In A Single Day. More Upside Coming?
Social media giant Twitter makes further inroads into the NFT world thanks to QuickNode
While initially it was just major financial entities — such as PayPal, Square, Microstrategy, amongst many others — dipping their toes into the blockchain scene, now we have players from a host of other realms also making their presence felt across these markets. For example, earlier in 2021, Twitter announced to the world that it was going to allow its users to tip its content creators via the use of several different digital assets (including Bitcoin and Ethereum).
Similarly, earlier this year, it came to light that the social media behemoth was fostering its in-house crypto team by onboarding new talent in an effort to bolster its rapidly expanding creator economy as well as explore a host of novel domains including membership tokens, DAOs, and much more
Twitter adopts NFTs with the help of QuickNode
Staying in line with its crypto-centric vision, Twitter announced recently that it has integrated a non-fungible token (NFT) profile picture feature on its TwitterBlue platform, a subscription version of the microblogging and social networking service — with the entire operation being helmed by QuickNode, a Web3 developer platform that allows users to build & scale blockchain-powered applications (dApps) seamlessly.
QuickNode, in its most basic sense, is a project that enables non crypto, blockchain-focused companies to launch their very own nodes (with a global network of RPC endpoints) across a total of 10+ blockchains — including Solana, Ethereum, Bitcoin, Polygon, etc — with the touch of a button. Providing his thoughts on the above stated development, Alexander Nabutovsky, co-founder of QuickNode, opined:
“While demand for QuickNode’s platform as a provider of blockchain infrastructure continues to take off as more companies look to adopt blockchain as part of their product strategy, we’re excited to partner with platforms such as Twitter to deliver support for features like their recently launched NFT Profile Pictures. Through this new feature, we’ll help provide a means in which people on Twitter can show off the NFTs they own and be a part of its thriving community”
For perspective sake, it is worth noting that the NFT market has grown exponentially over the last twelve odd months, with conservative estimates noting that the combined market cap of the sector easily surged past the billion mark over the course of 2021 alone. Not only that, there are many studies that suggest this burgeoning sector will continue to grow at a compound annual growth rate (CAGR) of 39.6% over the coming decade.
Quicknode is improving Solana, here’s how
There’s no denying that the best performing crypto asset of the year gone by has been Solana, and rightly so. The project can be thought of as a crypto computing ecosystem that seeks to achieve high transaction speeds without sacrificing key aspects such as transparency and decentralization. As a result of its amazing technological proposition, the project was able to record gains in excess of 2,500% over 2021.
That said, while on paper Solana is able to handle over 65,000 transactions per second, its existing end-user infrastructure does not allow dApps to reap such monumental speeds, instead, most users report an average tps rate of 1,000 transactions. In this regard, Quicknode recently revealed via a brand new whitepaper that it had been successful in deploying a purpose-written script (available on Github) so as to reduce Solana’s network latency from 126.67 ms to an amazing 15.36 ms.
Not only that, QuickNode’s endpoint was also able to showcase a substantial block height advantage over its competitors, recording a block time advantage of over 50 minutes, a massive improvement in Solana’s native capabilities, to say the least.
Looking ahead
With Solana being touted as a tangible, long-term alternative to Ethereum, it is of utmost importance that any of its existing operational creases (such those related to its latency problems, transaction throughput, etc) be ironed out quickly — especially as more and more users continue to adopt the platform. Thus, it will be interesting to see how things playout for the project from here on end.
You Can Now Use Your .COM Domain As An Ethereum Wallet Thanks To This Integration
Ethereum is the second-largest cryptocurrency in the market. Its popularity has led to a number of integrations to make transactions easier for its users. Even upgrades like ETH 2.0 are working towards this same goal. Ethereum wallets are not hard to get or operate, as long as one understands how cryptocurrencies work. But instead of having to paste your wallet address to receive payment in ETH, what if you could just receive the coins to your website domain?
A new integration has made this a reality. Now, owners of a .com domain name can use their domains as an Ethereum wallet. Domain name holders will be able to send and receive ETH coins using their .com domains. Ethereum Name Service (ENS) and Domain Name System (DNS) will allow .com domain addresses to effectively operate as Ethereum wallets.
Related Reading | Grayscale Tops Up Ethereum Investment To Billion
Running An Ethereum Wallet With A Domain
ENS domain names are the domains that end in a .eth. These domain names have also functioned as Ethereum wallets since their inception. ENS supports top-level domains (TLDs), but instead of creating more TLDs like the .eth, ENS moved in favor of integrating with the currently existing DNS namespace.
Related Reading | Only In Crypto: A Croissant Explains Why Ethereum Will Be Worth Trillions
The integration will allow owners of DNS second-level domain names, that is domain names with a single dot in them, to use the same name on ENS. So a .com website name will still maintain the same exact name with a .com at the end but still work in ENS. For example, Newsbtc.com will still remain Newsbtc.com after it is imported into ENS.
After the owner finishes the importation of the DNS second-level domain name into ENS, they can then proceed to set ENS records for it. This will allow the owners to receive ETH payments. Using the domain names as a wallet.
Not The Only Crypto
Ethereum is the most popular cryptocurrency sent and received using ENS domains. This is due to the prominent TLD on ENS being the .eth. But it is not the only crypto that can be accepted using ENS. ENS domain owners can receive native assets from over 100 blockchains.
A domain owner can add an address from a particular blockchain, say Cardano, and then they will be able to receive tokens that are native to that blockchain. In this case, if an owner adds a Cardano wallet to their ENS, then they would be able to receive ADA through their domain name.
Related Reading | 60k ETH Exit Exchanges, Here’s Why It’s Bullish For Ethereum
Interestingly, owners can also receive NFTs using their domain names. For a blockchain like Ethereum, when an ETH address is added to the domain name, the user can receive an NFT that lives on the blockchain through their domain name.
The ENS team believes that integrating existing DNS instead of just adding ENS-native TLDs would give the project the best shot at long-term success.
ETH price trends above ,000 | Source: ETHUSD on TradingView.com
Chart from TradingView.com
NewsBTC
FBC Fund Has Tripled Investors’ Earnings Thanks to RJVX13 Algorithm
Within several months the FBC Fund has significantly increased its parameters, and thereafter, the profit of investors. There are 2 reasons for that. The first one is a significant growth of almost all cryptocurrencies’ rates over the past few months.
The second reason is that the Fund has updated and optimized its famous stock market prediction algorithm – RJVX13.
FBC (Finance and Business Capital LTD) is best known for its unique proprietary algorithm that allows you to predict the short-term behavior of the stock market and cryptocurrency quotes. The Fund is also known for its early investments in Defi sector projects. FBC has brought its investors more than 1,000% over the past year.
And last but not least – just recently the Fund has removed any restrictions on the deposit and withdrawal of funds for citizens of any country. The company is planning to open offline representative offices not only in its home country – the UK but also in other countries.
Disclaimer: The information presented here does not constitute investment advice or an offer to invest. The statements, views, and opinions expressed in this article are solely those of the author/company and do not represent those of NewsBTC. We strongly advise our readers to DYOR before investing in any cryptocurrency, blockchain project, or ICO, particularly those that guarantee profits. Furthermore, NewsBTC does not guarantee or imply that the cryptocurrencies or projects published are legal in any specific reader’s location. It is the reader’s responsibility to know the laws regarding cryptocurrencies and ICOs in his or her country.
FBC Fund Has Tripled Investors’ Earnings Thanks to FBC14 Algorithm
Within several months the FBC Fund has significantly increased its parameters, and thereafter, the profit of investors. There are 2 reasons for that. The first one is a significant growth of almost all cryptocurrencies’ rates over the past few months.
The second reason is that the Fund has updated and optimized its famous stock market prediction algorithm – FBC14.
FBC (Finance and Business Capital LTD) is best known for its unique proprietary algorithm that allows you to predict the short-term behavior of the stock market and cryptocurrency quotes. The Fund is also known for its early investments in Defi sector projects. FBC has brought its investors more than 1,000% over the past year.
And last but not least – just recently the Fund has removed any restrictions on the deposit and withdrawal of funds for citizens of any country. The company is planning to open offline representative offices not only in its home country – the UK but also in other countries.
Give Thanks For These Crypto and Bitcoin Black Friday Deals
Between rounds of turkey, naps and explaining to your drunk uncle who listened to CNN on “How to Buy Ripple” when it was over as to why crypto is down 99%, try to score on one of the many Bitcoin and cryptocurrency-related Black Friday discounts.
We’ve rounded up the best the world of crypto has to offer, including hardware wallets, charting software, books, and much more.
Best Bitcoin Black Friday Deals for Crypto Investors
Today is Thanksgiving in the United States, and that means it’s a time to celebrate the country’s early roots and be thankful for our families, health, and wealth. It’s also a time to stuff yourself senseless with turkey and pie, then wait in line overnight just to bust through the doors of a local retailer – willing to be trampled if necessary – in order to score the best deal possible.
Related Reading | Research Shows That Holidays Cause FOMO Fireworks in Bitcoin Price Charts
But rather than head to the store, digital currencies and the deals for related products exist online-only, allowing you to shop and save right from the comfort of your couch, phone, or even your trading desk.
While digital currencies do indeed exist online only, with no physical form, the best and safest way to store cryptocurrencies is offline in cold storage. Lucky for crypto investors wanting to HODL for the long term – or until Bitcoin hits 0K each – a variety of hardware wallet manufacturers are running deals online.
Ledger is offering a 30% sitewide discount on its Nano S and Nano X hardware wallets and the rest of its product lineup. The deal runs through December 2nd. Competitor Trezor is also offering 30% off using the promo code TRZR30. KeepKey offers the cheapest deal of all, and is running a crypto hardware wallet special. For less than a tenth of a Litecoin or a couple dozen Ripple, you can protect your crypto from cybercriminals.
Another amazing deal comes from charting software TradingView, which is offering up to 60% off their Pro, Pro+ and Premium subscriptions. Not only does the discount save you some dough on a subscription, it could end up making you money if you learn enough about technical analysis and start stacking sats stat. Then you’ll have more to send to the cold storage wallet you picked up.
Confused about how to even use a crypto hardware wallet, want to learn more about technical analysis, or just want to learn more about Bitcoin and crypto? Check out some of the many books on sale on Amazon for Black Friday. Each book is listed at 20% off or more.
- Bitcoin Billionaires: A True Story of Genius, Betrayal, and Redemption
- Cryptoassets: The Innovative Investor’s Guide to Bitcoin and Beyond
- The Bitcoin Standard: The Decentralized Alternative to Central Banking
- Encyclopedia of Candlestick Charts
Related Reading | Bitcoin Price: Defense of ,000 Could Lead to Thanksgiving Rally
Maybe you let your Amazon Prime subscription go after they raised their fees and becoming tired of Jeff Bezos earning 00 a second and you’d rather shop elsewhere, take advantage of Lolli or the FOLD app. Lolli is a Chrome browser plugin – Brave compatible for the crypto diehards – that lets you shop at major retailers on Black Friday and earn cashback. Lolli works with Best Buy, Macy’s, Wal-Mart, and so many more. The FOLD app works a little differently, instead allowing you to buy gift cards to spend at retailers on Black Friday but with the added benefit of earning up to 20% sats-back on purchases using the app.
Of course, no Black Friday deals article would be complete without pointing to the flash sale currently going on across the crypto market. Altcoins are as much as 99% off their all-time high prices, and even Bitcoin is over 40% off its price from this past summer.
The post Give Thanks For These Crypto and Bitcoin Black Friday Deals appeared first on NewsBTC.
Report Bill Miller Hedge Fund Surges 46 Thanks to Bitcoin, Amazon
n Bill Millers hedge fund reportedly saw 46 growth in the first half of 2019, partly due to investing in Bitcoinn
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