The author of the popular financial independence building book of ‘Rich Dad, Poor Dad’, Robert Kiyosaki, has stated that he is planning on buying the current Bitcoin dip. According to Mr. Kiyosaki, neither Elon Musk nor Bitcoin is the problem right now. The ongoing problems in the US financial system are a result of actions by the US Fed, Treasury and President Joe Biden.

Mr. Kiyosaki shared his input on the current financial state of the United States through the following tweet.

A Financial Crash is Coming, Save More Gold, Silver and Bitcoin
In a similar Twitter commentary, Mr. Kiyosaki warned that there is a high probability of an economic crash happening in the United States in the near future. He once again recommended buying gold, silver and Bitcoin. His exact statement was as follows.

The US Dollar ... Read more »

Category: News | Views: 252 | Added by: danyagames2007 | Date: 16.05.2021 | Comments (0)

Tesla and SpaceX CEO Elon Musk continues to stir the pot. In reply to a tweet comparing Bitcoin to Dogecoin, he said that the meme coin will win against Bitcoin if major network changes are implemented.

Musk, who has jokingly declared himself the “Dogefather,” tweeted, “Ideally, Doge speeds up block time 10X, increases block size 10X & drops fee 100X. Then it wins hands down.”

He further clarified his rationale when a Twitter user, Loshan, argued that larger blocks and low fees would leave the Dogecoin network vulnerable to attacks.

“For those bad at math,” responded Musk, “100X higher transaction volume with 100X lower fees means total fees earned stay same. Low fees &am ... Read more »

Category: News | Views: 298 | Added by: danyagames2007 | Date: 16.05.2021 | Comments (0)

The classic ransom is a suitcase full of unmarked U.S. dollar bills. Bitcoin’s role in the Colonial Pipeline hack shows the global currency of crime has a rival. That’s a sort of sign of bitcoin’s success, but it also sets the scene for regulators to step up their interventions.

Colonial’s predicament spotlights bitcoin’s ease of use. A week ago, the fuel transport company paid a ransom of nearly $5 million in the digital currency to regain access to its computer systems, Bloomberg reported on Thursday. In 2017, one of the biggest ransomware attacks called WannaCry demanded payment in bitcoin from more than 200,000 victims. A year later, more than half of such breaches demanded bitcoin, according to cyb ... Read more »

Category: News | Views: 213 | Added by: danyagames2007 | Date: 16.05.2021 | Comments (0)

The world’s most prominent cryptocurrency, bitcoin, has the potential to reach $100,000 in the current bull cycle despite the growing uncertainty and volatility, says Lyn Alden, the founder of Lyn Alden Investment Strategy.
“We are seeing a lot of froth throughout the industry,” the analyst told Cointelegraph, referring to the latest rally of several meme coins such as Dogecoin. “Those are kind of warning signs for the cycle,” Alden added.

With the bull run slowing down and the growing risks of a correction, it makes sense for some investors to take some money off the table and put it into some other assets, Alden explained. “For people who would have trouble with drawdowns or periods of vol ... Read more »

Category: News | Views: 204 | Added by: danyagames2007 | Date: 16.05.2021 | Comments (0)

Three of the biggest cryptocurrencies Bitcoin, Ethereum and Dogecoin continued to drop in price this morning, some of that because of tweets from Tesla CEO Elon Musk.
Bitcoin, in particular, has pulled back over the last week from almost 60-thousand U.S. dollars now to a little under 48.
According to Coinbase, in the past 24 hours, it's down another 4 percent or more to around 47,800 dollars.
Ethereum, in the same period, is off almost 6 percent, and Doge is down about 5-and-a-half percent.
Elon Musk has tweeted in the past few days about both Doge and Bitcoin, saying, for one thing, that Tesla is not going to accept Bitcoin as payment until mining the currency becomes more eco-friendly.

Sourse: arir ... Read more »

Category: News | Views: 226 | Added by: danyagames2007 | Date: 16.05.2021 | Comments (0)

In his reply to a tweet that compares Dogecoin to Bitcoin, Tesla CEO Elon Musk opined that the meme cryptocurrency will win “hands down” against Bitcoin if some major changes get implemented.

Particularly, Musk wants Dogecoin’s block time and block size to increase ten times.

Both Bitcoin and the Shiba Inu-inspired coin have an arbitrarily set block size limit of 1 megabyte. Any larger blocks are considered to be invalid. The similarly comes as no surprise since Dogecoin was initially created as merely a meme copycat of the largest cryptocurrency.

However, the joke coin was modeled to have faster transaction times than Bitcoin. Instead of 10 minutes, miners churn out new blocks every minute, but tha ... Read more »

Category: News | Views: 211 | Added by: danyagames2007 | Date: 16.05.2021 | Comments (0)