Daily Ethereum Transactions Exceed One Million, a First Since May 2018

Daily Ethereum Transactions Exceed One Million, a First Since May 2018 1  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Daily transactions registered on the Ethereum (ETH) network exceeded one million yesterday, June 28, for the first time since May 2018, according to data reported by leading Ethereum block explorer Etherscan. Per Etherscan data, on June 28 there were 1,004,170 transactions confirmed on the Ethereum blockchain. Before yesterday, the last time the Ethereum chain registered over one million daily transactions was in May 2018. Nonetheless, the current level is still notably lower than the 1,349,890 daily transactions peak registered on January 4 last year. The on-chain transaction value of Ethereum…

Warren Buffett's Portfolio Lifted by Fintech Stocks. Is Bitcoin the Reason?

Warren Buffett's Portfolio Lifted by Fintech Stocks. Is Bitcoin the Reason? 2  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

As Berkshire Hathaway finishes out Q2 2019, its top 10 performing stocks were dominated by fintech companies that are making innovations in digital payments. Warren Buffett may have bitcoin and crypto to thank. They may be what’s keeping Berkshire buoyant despite the $3 billion Kraft Heinz writedown in Q1. That resulted in a $4.3 billion stock crash. Worse, Berkshire took heavy damage in May losses from the global equities rout on trade-war and recession fears. Berkshire Hathaway, the largest stockholder in Kraft Heinz took a spill in February after the…

Your Old Baseball Cards Are a Better Store of Value Than Bitcoin

Your Old Baseball Cards Are a Better Store of Value Than Bitcoin 3  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

One of the primary arguments in favor of bitcoin is that it is a “store of value.” It makes sense on the surface, but when one digs into the meat of this claim, it comes up with less beef than a Beyond Meat burger. Evaluating Bitcoin as an Investment Commodity The category of “investment commodity” refers to things that people buy that represent a store of value because of their end use, aesthetic, historical, and/or emotional value. Baseball cards, and other collectibles like art and rare coins, are such examples.…

Crypto Trader Warns of 40% Bitcoin Price Drop Before Monster Bull Run

Crypto Trader Warns of 40% Bitcoin Price Drop Before Monster Bull Run 4  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

 Bitcoin was on a massive tear and the parabolic run was unstoppable as the crypto reached $13,000. It has declined since but is up on the weekly timeframe. While many long-term investors are euphoric over this juggernaut ascent, some experienced traders are starting to feel anxious. The trend reversal is so strong that a significant retracement is currently lurking. One popular day trader has a resounding argument that supports this bias. Analyst Opinion on Bitcoin Pullback A respected figure in the CryptoTwitter community named Trader X0 who boasts 13,000 Twitter…

Thank Elizabeth Warren for the Bitcoin Price Surge

Thank Elizabeth Warren for the Bitcoin Price Surge 5  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

 Not that long ago, economist Tyler Cowen told bitcoin to “put up or shut up.” Following the cryptocurrency’s ridiculous ascent during the first half of the year, the George Mason University professor finds himself forced to begrudgingly admit that the nascent asset is “probably here to stay.” And he says you can thank Elizabeth Warren for that. How Elizabeth Warren Is Driving the Bitcoin Price Boom The bitcoin price has roughly quadrupled since bottoming out in December 2018. | Source: TradingView Writing in a Bloomberg Opinion column, Cowen lays out…

Tron's Justin Sun Prepares Media Extravaganza for Warren Buffett Lunch

Tron's Justin Sun Prepares Media Extravaganza for Warren Buffett Lunch 6  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Given the already high-profile nature of Justin Sun’s upcoming lunch with billionaire Warren Buffett, you might think he would play his cards close to the vest. Not Sun, who is milking the auction prize for all it’s worth. He announced on social media that he’s selected San Francisco’s Quince, a “three-Michelin starred restaurant in…historic Jackson Square,” for the July 25 $4.5 million meal – though if you ask Sun, he’d probably say that it’s priceless. Sun said in a blog post: “After narrowing the choices to three, I ultimately chose…

Blockchain Protocol Polkadot Sells 500,000 of Its Tokens, Price Still Unspecified

Blockchain Protocol Polkadot Sells 500,000 of Its Tokens, Price Still Unspecified 7  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Blockchain interoperability protocol Polkadot has distributed 500,000 DOT tokens at a price that is unknown, but purportedly in keeping with the firm’s $1.2 billion valuation, technology-focused news outlet The Block reported on June 27. Polkadot’s managing partner Web3 Foundation (W3F) reportedly told The Block that the protocol distributed 500,000 of its tokens, although the company did not reveal the exact amount of funds raised. The Block notes, that during the recent round Polkadot purportedly sold 5% of the total token supply, which should theoretically bring $60 million to the protocol’s…

Bitcoin Whales Are Cashing in as Gains Slip Away

Bitcoin Whales Are Cashing in as Gains Slip Away 8  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

After a wave of aggressive buying, bitcoin whales are taking some profits. The “big money” investors drove the price up as high as nearly $14,000 in the last 24-hour period, reminding the crypto community of how the market dynamics can change on a dime. Now it seems they are cashing in on some of their fortunes as the buying momentum stops dead in its tracks. After rising as much as 22% in the last 24 hours, the BTC first slashed those gains in half. Now the gains are slipping away.…

Netflix Says to Binge-Watch The Office as NBC Takes Show Back

Netflix Says to Binge-Watch The Office as NBC Takes Show Back 9  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Netflix announced on Tuesday that NBC would not extend its licensing agreement for the hit comedy “The Office” beyond January 2021. NFLX stock shed about 3 percent on the day. Why is this move significant for Netflix? It all comes down to competition, and ultimately, the company’s economics. Licensing on Its Way Out When Netflix first appeared, it had virtually the entire streaming-delivery world to itself. Third-party studios licensed content to Netflix, they made money, and let the streaming content giant grow its subscription base. As the studios themselves developed…

This One Chart Exposes Bitcoin's Nakedly Bullish Potential

This One Chart Exposes Bitcoin's Nakedly Bullish Potential 10  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Cryptocurrency investors have long harped on the myriad similarities between bitcoin and gold. At a basic level, the two assets are considered as vehicles for the storage of value. Additionally, both are interchangeable and divisible. Most importantly, bitcoin and gold have limited supply; a property that makes both assets attractive to investors and speculators. Recently, a popular cryptocurrency trader revealed a far more striking similarity between the two assets, a similarity that derives purely from human psychology and bodes insanely well for the current bitcoin price boom. This Gold Price…