Tag: Bitcoin (BITSTAMPUSD)

Buy Ethereum Today!

Posted on by Wayne Burritt

If Bitcoin is the big boy on the block, Ethereum (ETH) is the second biggest. But unlike Bitcoin, Ethereum has many advantages over BTC that make it extremely attractive. In fact, every investor should consider buying a little ETH today.

What Is Ethereum?

While Bitcoin is a great store of value – and certainly worthy of a portion of your portfolio – it can’t do much more than transfer value. You can pay for stuff using BTC, and you can save it for a rainy day, but you can’t really do much more. That’s not a knock on BTC anymore than it would be a knock on gold or the dollar.

Ethereum, on the other hand, is a store of value like BTC. But it’s much, much more. In fact, it’s these other features that make ETH so interesting.

First off, like nearly all cryptocurrencies, Ethereum works on a decentralized, distributed ledger network. ETH is decentralized because there is no single authority – like a bank – that controls or approves transactions. And ETH is a distributed ledger because it has multiple copies of itself spread over a vast array of computers using cryptography and mathematical problems to make the network strong and safe. Continue reading "Buy Ethereum Today!" →

Bitcoin, Ethereum, And Ripple

Posted on by Aibek Burabayev

The bullish setup for Bitcoin that I discussed last week was not triggered, as the price did not break above the bullish confirmation level. The price went the opposite direction, falling beneath the invalidation trigger instead.

The key factors for the sell-off were the U.S. probe into the Binance crypto-exchange, and Tesla is reversing its stance on accepting Bitcoin. The green economy does not support Bitcoin due to its vast electricity consumption, which is generated primarily from fossil fuels.

Bitcoin Daily Chart

The combination of peaks in one area with the highest one in between has built the famous Head & Shoulders reversal pattern (orange). The main focus now is on the orange dotted Neckline as the price hovers around that support. A clear breakdown of it is needed for the pattern to play out. Continue reading "Bitcoin, Ethereum, And Ripple" →

NASDAQ Suffers Fourth Straight Weekly Loss

Posted on by The INO.com Team

The three major indexes experienced a roller-coaster week that saw the NASDAQ fall -2.3% for the week marking its fourth straight week of losses as the tech sell-off continued. The DOW and the S&P 500 fell -1.1% and -1.2% this week, respectively.

Early in the week, the NASDAQ fell over -5%, with the DOW dropping nearly 1,200 points from Monday to Wednesday. The S&P 500 was unable to escape the broad sell-off losing -4% itself.

However, the market fought back to close daily trading in the green on Friday, with the DOW climbing 360.68 points or +1.1%, to 34,382.13. The S&P 500 gained +1.5% to 4,173.85, and the NASDAQ, the relative underperformer for the week, snapped back by +2.3% to 13,429.98. Continue reading "NASDAQ Suffers Fourth Straight Weekly Loss" →

Why Everyone Should Own (A Little) Bitcoin

Posted on by Wayne Burritt

You don’t have to dig very deep to notice that when people talk about cryptocurrencies and the blockchain, they’re usually talking about Bitcoin (BTC).

In fact, to most people, BTC is synonymous with cryptocurrencies.

This huge popularity makes BTC the big player on the block. And with a recent price of $57,678 and a market capitalization of $1.1 trillion, investors are putting their money where their mouths are. And that’s having a dramatic effect on BTC price.

We’ll get into the nitty-gritty behind the best reasons for just about everyone to own at least a little Bitcoin in a sec.

But before we do, take a look at some of our prior installments on cryptocurrencies and the blockchain. We’ve talked about why you should own some cryptocurrency, what the blockchain and cryptocurrency mean to you, the basics of cryptocurrencies, and why they’re so important. They’ll help you get your head around the basics of cryptocurrencies like BTC and why they’re not as scary as they once were.

What is Bitcoin?

Bitcoin is a digital currency that lives in a distributed ledger on a place called the blockchain. Because of this digital nature, it doesn’t exist in a physical state, like gold or currency. And because it lives in a distributed ledger system on the blockchain, a vast array of computers track and secure the currency using cryptography. The people that run these computers are paid a fee for securing the network and making sure the transactions are correct by solving complex mathematical problems. These people are called miners and form the backbone of the BTC ecosystem. Continue reading "Why Everyone Should Own (A Little) Bitcoin" →

Ethereum ETFs Go Live In Canada

Posted on by Matt Thalman

While US regulators still have not yet approved a single Bitcoin (the largest and most popular cryptocurrency) Exchange Traded Fund, the Canadian regulators have now begun to move past Bitcoin and are approving ETFs that focus on other cryptocurrencies such as Ethereum.

On April 20th, not one but three new cryptocurrencies’ ETFs began trading in Canada. The CI Galaxy Ethereum ETF (ETHX.U), the Purpose Ether ETF (ETHH.U), and the Ether ETF (ETHR.U) are all now available for purchase by anyone in Canada and any investor who has access to international investments.

Canada already has three Bitcoin ETFs, the CI Galaxy Bitcoin ETF (BTCX.U), the Purpose Bitcoin ETF (BTCC.U), and Evolve’s Bitcoin ETF (EBIT.U). When those ETFs were approved in Canada, it was big news, the same as now with the Ethereum ETFs trading hands.

Bitcoin is and was the first cryptocurrency that got this whole new world of money and technology started. So, it makes sense when it was the first crypto ETF. However, many industry experts believe Ethereum actually has more real-world applications and will improve people's lives to a great extent than Bitcoin will ever be able to achieve. The reason being is because Bitcoin was created to be a form of money using blockchain technology. However, Ethereum was created to help people decentralize certain tasks and allow users to perform tasks on a decentralized platform with more speed, accuracy, and less oversight but more security. Continue reading "Ethereum ETFs Go Live In Canada" →