Take a closer look at what’s happening in the world of crypto with U.Today’s News Digest!
Here are the top four news stories presented to you by U.Today.
This Is Why Bitcoin Dropped Just 5% in Minutes
tomorrowBitcoin lost 4.7% of its value in just minutes, reaching an intraday low of $21,764 on the Bitstamp exchange. Major altcoins, including Ethereum (ETH), Cardano (ADA) and Dogecoin (DOGE), followed suit, trading in lockstep with bitcoin. The reason for such a rapid decline is bitcoin’s price action driven by broader macroeconomic factors; This time, King Crypto fell along with US stock futures. In August, bitcoin actually Enhanced Together with equities due to cooler than expected inflation data. The new CPI data will prompt policymakers at the US Federal Reserve to adopt an even more aggressive monetary policy. Hence, there is no relief for riskier assets.
“Rich Dad, Poor Dad” Writer Kiyosaki Urges Followers to Get Involved in Crypto Before the Market Crash
In a recent email newsletter, “Rich Dad, Poor Dad” author Robert Kiyosaki Informed its readers that they may soon face a catastrophic market collapse and thus should buy cryptocurrencies as soon as possible. According to the author’s prediction, the collapse of the market will coincide with the collapse of the current dollar-oriented economic system and change the world order, and cryptocurrencies have a chance to cope with such dramatic changes. Robert Kiyosaki regularly shares his opinion on cryptocurrencies: Previously, the author stated that he trades bitcoin but does not believe in its value. He stated that he is interested in long-term investing in cryptocurrencies when Bitcoin drops to $1,100.
David Goxhetin believes that there will be more to come when XRP launches
former US congressional candidate David Gokhshtein Share your opinion on when XRP will rise. However, the event that leads to such an outcome will skyrocket other cryptos as well, Gokhshtein believes. According to his tweet, Ripple needs to win the case against the SEC, and if that happens, not only will Ripple-affiliated tokens shut down, but “every legitimate platform.” In early October 2021, Gokhshtein shared the same opinion, noting that the entire cryptocurrency industry would benefit from it. Ripple’s victory over the SEC Because the regulator will provide some clarity regarding cryptocurrencies.
Ethereum (ETH) at PoS Already Under 51% Attack: Investor Jason Williams
Founding Partner of Morgan Creek Digital Assets Jason A Williams The soon-to-be-merged decentralization of Ethereum (ETH) has been criticized. He believes that its bet design is far from being fair and inclusive. In his tweet, Williams wrote that “the 51% attack on ETH 2.0 has already happened,” as a group of insiders and founders already control more than 51% of all ETH locked in the public staking mechanism. is responsible for. The investor claims that “honest” stakeholders are unable to protect themselves from “misusing” Whale’s strategy. There are several indicators that suggest that Ethereum’s stake may be vulnerable to centralization issues following the merger. For example, Ether with approximately 2/3 stake is controlled by Lido Finance, Coinbase, Kraken and Binance structures.