June 9 Daily report: XRP technical levels fade while freefalling to $0.65 beckons, UNICEF invests in blockchain startups, Vitalik Buterin has made $4.3M from his $25K investment in Dogecoin, MicroStrategy Ups Bitcoin Bond Sale to $500 Million and Freewallet Adds Support for XinFin’s XDC Coin

UNICEF invests in blockchain

XRP technical levels fade while freefalling to $0.65 beckons Ripple has embraced downward price action since the beginning of June. The international money transfer token crashed from $1.71 to $0.65 in May but recovered to highs around $1.1 at the beginning of June. In the last week, the overall general outlook in the market has…

Cardano’s energy consumption is much lower than Bitcoin’s while keeping the same level of security

Cardano's energy consumption

The same may be said for cryptocurrencies, similar to how a car engine makes the automobile drive and other engines make the automobile more or less efficient. The consensus protocol is the engine of a cryptocurrency. The blockchain of a cryptocurrency is distributed, which means that no single body controls the network. Rather, it is…

In just five months, a hedge fund manager known as ’50 Cent’ made $1.1 billion on bitcoin, and he may make more crypto bets in the future.

hedge fund manager

In just five months, an asset manager is known as “50 Cent” generated a $1.1 billion profit on bitcoin. Ruffer made a $600 million investment in November and sold the last of its coins in April. The firm warned that if the lockdowns are lifted, younger people may lose interest in crypto. According to The…

June 8 Daily report: Ethereum Surpasses Open Interest in Bitcoin, India Could Benefit if Crypto is Treated Like Gold, ENJ and THETA Close to Breaking Out, Dogecoin (DOGE) Is Now Supported by Alfacash Store and DeFi On Binance Smart Chain Is Heating Up

Crypto is Treated Like Gold

Open Interest in Red-Hot Ethereum Surpasses Open Interest in Bitcoin Following the recent cryptocurrency market crash that saw the price of bitcoin plunged from a near $64,000 all-time high to $29,900 before it recovered to $36,000, open interest for Bitcoin has dropped significantly, while for Ethereum it surged. According to CryptoCompare’s May 2021 Exchange Review,…