Its use as a monetary system is still crypto’s most lucrative feature. It allows users to send cryptocurrencies between parties in exchange for goods and services provided. Because cryptocurrencies are not controlled by any central authority, it has unique advantages. There are usually little to no processing fees. There is less government control and regulation. This means that cryptocurrencies are portable, inflation-resistant, and transparent in their transaction history.
According to an article in yesterday’s New York Times (NYT), Brian Brooks departed the CEO position at Binance.US when a $100 million venture capital funding fell through. He’d been in the position for just over three months.
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NEW YORK (AP) — Walmart denied any partnership with the digital currency Litecoin after a fake news release led to a brief flurry of inaccurate reports from national news outlets and social media users on Monday.
Although analysis of a single factor and cryptocurrency combination, as above, is of interest, more general findings across multiple cryptocurrency/factor combinations can also be pursued. Fig 7 shows, for each cryptocurrency and factor combination, the mean coherence values during the bubble and non-bubble regimes. Each horizontal subplot shows a different coherence period band, from the lowest period band (2–4 days) at the top to the highest period band (256–512 days) at the bottom. As the duration of data for each cryptocurrency varies, certain ranges are left blank when that cryptocurrency does not have enough data to produce values for such bands.
Stay tuned: Cryptocurrencies are going to play a big role heading into the future.
Yearly PLAN
Bitcoin wasn’t the only cryptocurrency to feel the effects of Tesla’s decision. (Pic: Shutterstock)
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Disclosure: At the time of writing, the author of this feature owned BTC and ETH.
Bitcoin was trading 1.5% lower Thursday morning. The price was around $59,000 per coin.
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Danial says there have been plenty of huge spikes followed by pullbacks in Bitcoin’s price since 2011. “What I expect from Bitcoin is volatility short-term and growth long-term.”