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Showing posts from February, 2021

Legendary Rock Star Gene Simmons Buys Cardano (ADA) Worth $300,000

Famous rock star Gene Simmons continues his cryptocurrency adventure, this time investing $300,000 in Cardano (ADA). Gene Simmons, the legendary KISS bassist, has made another dip into cryptocurrencies. The famous musician has expressed his belief in Cardano, presuming 2021 would be “the most productive year” for the altcoin. Believing in the Future of Cardano Rock star Gene Klein, aka Gene Simmons, has appeared in online social media with yet another pro-cryptocurrency commentary. This time KISS’s legendary bass guitarist has expressed his opinion on Cardano and its native digital coin ADA. In his  recent publication  on Twitter, Simmons explained one of his fundamental personal reasons for  investing  and holding the altcoin. The musician pointed out that he believes in Cardano because of Hoskinson (Charles) – Cardano’s creator and co-founder of Ethereum. In his tweet, the musician expressed his trust in the altcoin hopping on Hoskinson’s envision that 2021 would be the most producti

Mark Cuban Suggests Blockchain to Address Trading Problems

  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