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What moves the crypto community, where are market potentials, which trends can be recognized? Which cryptocurrencies should you have on your radar? We’ll keep you up to date with the latest developments in cryptocurrencies.
18.03.2022 – Cryptocurrencies in the sights of the EU
- A passage in an EU bill that would have virtually banned Bitcoin in the EU was rejected.
- EU financial regulators warn private individuals against investing in cryptocurrencies.
Recently, the European Parliament voted on the “Guidelines for the Provision of Crypto Services (MiCA)”. A first draft of this law included a passage banning crypto services based on “environmentally unsustainable consensus mechanisms.” This refers to procedures with which, for example, Bitcoin ensures that each of its users has the same status in the blockchain. These processes require extremely high computing power, which also increases their energy consumption and, in the end, the emission of CO2. If these procedures had been banned, it would be tantamount to a direct ban on cryptocurrencies such as Bitcoin in the EU. However, the passage was deleted from the draft at the last second – and the Bitcoin scene can breathe a sigh of relief.
Around the same time, three EU financial regulators (the Banking Authority EBA, the Insurance and Pension Fund Authority EIOPA and the Securities and Markets Authority ESMA) have warned private individuals about the risks of cryptocurrencies. They emphasized the realistic possibility of losing all invested assets, as well as the offensive advertising of cryptocurrencies on social media, which is sometimes unclear, inaccurate or even intentionally misleading.
11.08.2021 – cryptocurrency trading is flourishing again
- Trading volume on Coinbase increases drastically.
- Bitcoin is back at the $46,000 mark.
- Dogecoin and Shiba Inu are among the top performers of the week.
- Largest theft in the history of cryptocurrencies so far on 10.08.2021.
The crypto exchange Coinbase is experiencing a massive increase in trading volume. Compared to the previous year, this increased by more than 1,500 percent.
After a brief downturn in early summer, Bitcoin has clearly recovered and is currently on the road to success. Yesterday, the most popular cryptocurrency even cracked the $46,000 mark.
Dogecoin and Shiba Inu (SHIB), like Bitcoin, were able to benefit from the current bull market. Both recorded double-digit growth over the past weekend.
In a hacker attack on the US company Poly Network, cybercriminals were able to capture 600 million dollars (510 million euros). As the company announced, the hackers managed to redirect the deposits of “tens of thousands” of customers to accounts controlled by them. According to Poly Network, this is the largest theft in the history of cryptocurrencies.
15.06.2021 – what’s next for cryptocurrencies?
- Bitcoin is back at the $40,000 mark.
- Many investors are increasingly upset about crypto influencer Elon Musk.
Tesla may want to accept payment via Bitcoin again at some point – this vague statement on Twitter by CEO Elon Musk was enough to breathe new life into the recently sharply collapsed Bitcoin price. Yesterday afternoon, the most popular cryptocurrency cracked the $40,000 again, gaining 13 percentage points in just 24 hours. In recent months, Musk has repeatedly directed the prices of major crypto currencies with his tweets. With this hü and hott, however, he increasingly annoys private investors. With his constant change of strategy, Musk has lost confidence. Nevertheless, his tweets continue to have a major impact on market activity. At the moment, however, you may be well advised not to make your investment decisions solely on the basis of Musk’s constantly changing statements.
In the podcast of DER AKTIONÄR TV it was discussed how it could go on with the Bitcoin in the summer:
19.05.2021 – green cryptocurrency – a new insider tip?
- Musk criticizes the exorbitant energy consumption of cryptocurrencies.
- Traditional coins leave feathers.
Tesla recently stopped its payment transactions with Bitcoin, referring to the catastrophic energy balance. This brought down the prices of most major crypto currencies such as Bitcoin, Ethereum and Co. According to Digiconomist’s Bitcoin Energy Consumption Index, the Bitcoin network currently consumes 117.6 MWh of electricity per year, which is equivalent to the annual consumption of the entire Netherlands. Elon Musk also knows that this enormous energy consumption is not justifiable in the long term, especially in view of climate change. However, there are also more climate-friendly alternatives among cryptocurrencies. A prime example here is, for example, the Peercoin. Currently, climate-friendly altcoins such as Peercoin or Cardano are booming. The prices for PoS blockchains such as Cardano (ADA), Polkadot (DOT), Stellar (XLM) or Kryptodino Peercoin (PPC) have increased by a double-digit value within a few days.
04.05.2021 – Ethereum and Dogecoin reach all-time high
While Bitcoin has fallen somewhat in recent days, the crypto currencies Ethereum and Dogecoin are reaching their highest price to date. Ethereum scratched yesterday in the meantime at the 3,500 US dollar mark. At the beginning of 2021, the price was only around 1,000 US dollars. An equally brilliant development is currently the Dogecoin. This cracked the 0.5 euros and climbs with a market capitalization of around 62 billion euros to fourth place of the TOP crypto currencies by market value.
29.04.2021 – Musk pushes Dogecoin
- Tweet from Musk pushes the Dogecoin price by 24 percent.
- The Dogecoin ranks 6th among the most traded cryptocurrencies.
Musk also has his fingers in the game when it comes to the price development of the Dogecoin. After his tweet “The Dogefather SNL May 8.”, which probably referred to the Dogecoin, the same rose from 0.26 dollars to over 0.32 dollars as a result. This corresponds to a price increase of an impressive 24 percent. Again and again, the Tesla boss has recently influenced the development of different crypto currencies.
The interest in Dogecoin has recently risen sharply – this can also be seen with a look at the market capitalization of the coin. There are currently 32,847,408.542 euros in circulation. This places the Dogecoin in sixth place among the currently most popular crypto currencies.
28.04.2021 – Tesla is parting with parts of its Bitcoin deposits
- Tesla is divesting itself of 10 percent of Bitcoin assets ($101 million).
- Musk appeases.
- Bitcoin price falls on Wednesday.
Tesla divested itself of parts of its Bitcoin assets, causing an uproar within the crypto scene. After all, Musk is considered one of the opinion makers and pushers when it comes to Bitcoin. His statements have weight and can influence the course. On Twitter, he responded to a question as follows: “No, I have not sold any of my Bitcoins. Tesla sold 10% of its holdings essentially to prove Bitcoin’s liquidity as an alternative to holding cash on the balance sheet.”
On Wednesday, the Bitcoin price fell from 55,009.09 US dollars the day before to 54,322.80 US dollars.
21.04.2021 – is now the right time to get started?