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  Mark Cuban addressed some of the inherent problems with traditional financial institutions and offered blockchain as an alternative. Mark Cuban, a famous venture capitalist, and owner of the Dallas Mavericks, made comments on Twitter regarding the Gamestop stock situation, along with some of the inherent problems that lie within the New York Stock Exchange. In the thread, the billionaire claims that a blockchain system  could solve many of the issues that the stock market faces as it enters the 21 st  century. “What do you mean by ‘the markets aren’t open?’” One of the largest differences between trading cryptocurrencies and stocks on the NYSE is that the former can be traded twenty-four hours a day, seven days a week. Compare that to the American stock market, which is open between 9:30 AM and 4:00 PM only on weekdays. While digital currencies can always tout this as an inherent advantage over traditional financial systems, the recent events in the stock market are showing signs tha

  First US Stimulus Check Now Worth Almost $9,000 if Invested in Bitcoin If American citizens used their $1,200 stimulus checks to buy BTC in April 2020, they would have seen a return of over 620%. A bitcoin investment worth $1,200 following the first stimulus checks sent by the US government in April 2020 would have skyrocketed by more than 600% until today to over $8,500. Although this is a spectacular growth for less than a year, the same investment put in Ether would have presented an even better ROI of over 1,000%. Option 1) Stimulus Put In BTC The US government initiated a drastic measure last year to sent stimulus packages to its citizens following the COVID-19 pandemic, which caused numerous disruptions to people’s lives, businesses, and personal finances. Following the initial deal that then-President Donald Trump signed, the Federal Reserve sent out checks worth $1,200 to every adult making below $75,000 per year. The first  reported  cases of people receiving their money cam

Tether is not slowing down in its USDT printing spree. The amount of tokens the stablecoin issuer has minted within the last week now equals what it printed in the first half of April. Tether Prints 480 Million USDT In 5 Days Records from Whale Alert suggest that the Tether Treasury has printed five batches of fresh tokens in the last five days, totaling 480 million USDT ($480.4 million), which was the same amount with what was minted within the first 14 days of the previous month. In a previous report , Tether created a whopping 1.58 billion USDT (appr. $1.586 billion) in April alone, making it one of the busiest months for the company’s Treasury in terms of minting new tokens. The company printed 220 million USDT ($220.4 million) on Thursday alone, and 100 million USDT ($99.8 million) more today. If the stablecoin’s printer continues producing more tokens at this rate, then we will likely see almost twice as much as the figure in April. At the time of writing, the USD

Ethereum saw a 1% price hike today as the coin rises to the $208 level. It still needs to take out the $220 resistance to be able to push higher. Against Bitcoin, ETH continues to struggle as it breaks beneath the 200-days EMA support level. Key Support & Resistance Levels ETH/USD: Support: $200, $194, $187. Resistance: $211, $220, $225. ETH/BTC: Support: 0.0223 BTC, 0.022 BTC, 0.0213 BTC. Resistance: 0.0227 BTC, 0.023 BTC, 0.0236 BTC. ETH/USD: Ethereum Pushed Higher By BTC Ethereum has been trapped within a range between $215 and $194 during May 2020. It pushed higher today from the $202 level as it reached $208. However, it is important to note that this is not a push from the ETH bulls but rather a result of BTC breaking above $9,000 again. Nevertheless, ETH is moving upward, but it still has to face the resistance at $220 (1.272 Fib Extension) if it wants to continue. ETH/USD Short Term Price Prediction The first level of resistance lies at $211. Ab

Polls surveying over 15,000 people suggest that the majority believe Bitcoin’s price is likely to dump as the halving happens and skyrocket later on. This coincides with the behavior of the cryptocurrency following the previous halvings. Mooning Postponed, Bitcoin Will Dump At Halving A few well-known members of the cryptocurrency community recently initiated polls to see what do users think will happen to Bitcoin’s price at and after the upcoming halving. The first poll cited the halvings of both Litecoin and Bitcoin Cash, explaining that their price decreased as the events took place. Almost 48% of participants believe that BTC will dump while the remaining are thorn between sideways trading and a potential increase. Though the poll still has time to go, almost 10,000 people took part in it so far. The second survey was more straightforward, directly asking people what they think will happen to the price following the halving. 44% said that it will see a “big dump

Days before the third-ever Bitcoin halving, the interest towards the primary cryptocurrency has surged, according to Google trends. The phrase “buy Bitcoin” is getting very close to the previous two-year high levels of June 2019’s bull-run and the March 12 dump of this year. Buy Bitcoin Search Volume Increases Significant attention is heading Bitcoin’s way, as can be seen on Google trends. “Buy Bitcoin” searches have increased to the highest point since April 2018. Arguably the most anticipated event in the cryptocurrency industry this year will take place in a little over a week. The Bitcoin halving occurs roughly once every four years, and it slashes in half the rewards miners receive for adding new blocks to the network. Meaning, it reduces the supply of freshly minted bitcoins. Historically, the price of the asset has surged following the previous two halvings. Therefore, speculations of upcoming price increases are high at the moment, which could be propelling the g