Mark Cuban sees $1 written in DOGE’s tea leaves

After only three days accepting Dogecoin (DOGE) as a form of payment, Dallas Mavericks owner Mark Cuban is predicting the price of the token will eventually hit $1.  In a Saturday tweet, Cuban said customers had used more than 20,000 Dogecoin — roughly $1,018 at the time of publication — in transactions for the Dallas Mavericks, claiming the franchise was now “the largest Dogecoin merchant in the world.” The billionaire predicted that if basketball fans were to purchase 6,556,000,000 DOGE worth of Mavericks merchandise, the price of the token would “definitely…

Want to be rich? Bitcoin’s limited supply cap means you only need 0.01 BTC

In 10 years Bitcoin’s finite supply will be nearly exhausted, meaning holders might only need 0.01 BTC to become filthy rich. Saving 0.01 Bitcoin (BTC) might cost only $5,000 today but according to the current global wealth distribution and the digital asset’s limited supply, 0.01 BTC just might be enough to make one a millionaire in the future. According to Credit Suisse’s “Global Wealth Report 2020“, there are 51.9 million individuals with a net worth surpassing $1 million. The index considers a person’s net worth, along with their financial and…

BTC, UNI, THETA, VET, LUNA

Bitcoin’s (BTC) fundamentals received a boost as the U.S. Senate passed the $1.9 trillion stimulus bill on March 7. If traders react to this bill in the same way as they had done to the first stimulus package in April 2020, then the crypto markets may witness a strong rally. The stimulus package also intensifies the focus on the devaluation of the U.S. dollar. These concerns could lead some investors to park their money in hard assets or Bitcoin instead of keeping them in fiat currencies, according to veteran trader…

Celsius Network valued at $3.1B following independent review

Using 2020 financials obtained from Celsius, Alpha Sigma Capital has determined that the crypto company has an implied value of $3.13 billion, which is approximately three times greater than its current market capitalization of $1.1 billion. It appears that “Celsius is currently undervalued,” Alpha Sigma Capital said in its analysis, referring to the $126.14 million in revenue the company generated last year. Based on current year-to-date growth, Celsius appears to have significant upside ahead.  Alpha Sigma Capital explained: “Our projections are conservative for 2021 and we see AUM growth tapering…

HODLing early leads to relationship troubles? Redditors share their stories

Crypto investments have reportedly been a source of strife in relationships, sometimes leading to breakups and even divorce.  According to a Reddit post from February 2015, a then 28-year-old woman using a throwaway account claimed that she was incredibly upset at her husband, who had not stopped purchasing Bitcoin (BTC) since 2013 without consulting her. She estimated that he had bought more than $22,000 in the crypto asset in the two years prior to the post, when the price reached a high of more than $1,000 but also dipped under…

The quest for Bitcoin scalability through layer two protocols

As the largest cryptocurrency by market capitalization, Bitcoin’s (BTC) effectiveness as a medium of exchange is still a matter for debate. Unlike fiat money that is inherently infinite in supply and must be managed by a central bank, Bitcoin is akin to gold in that it is commodity money with a finite supply of 21 million. However, the supply cap is not the major stumbling block for BTC as a medium of exchange, but rather, the transaction throughput. While Satoshi Nakamoto envisioned Bitcoin as a peer-to-peer electronic cash system capable…

Bitcoin price hits $51K as U.S. Senate passes $1.9 trillion stimulus

The price of Bitcoin (BTC) reached over $51,000 on March 7 after the U.S. Senate passed the anticipated $1.9 trillion stimulus bill, which is roughly two times larger than the market capitalization of BTC. United States’ President Joe Biden said that the Senate’s approval shows major progress in delivering a “desperately needed” stimulus bill to Americans. He said: “Today I can say we’ve taken one more giant step forward in delivering on that promise, that help is on the way. It wasn’t always pretty, but it was so desperately needed,…

Delaware Court Dismisses Lead Investor’s Lawsuit Against Ripple

Key Takeaways The Delaware Chancery Court has rejected Tetragon’s appeal to redeem its full investment in Ripple. Tetragon had an agreement with Ripple that if XRP was declared a security, it had the right to redeem investment. The court has sided with Ripple on the case, and said a determination has not been made whether XRP is a security. Share this article A Delaware court has rejected Tetragon’s appeal to pull out its equity in blockchain payments firm Ripple Labs. Court Stands With Ripple The Delaware Chancery Court court denied…

Decentralized finance may be the future, but education is still lacking

Engaging in the traditional financial markets has become less appealing to consumers and institutional investors as of late. New opportunities are plentiful, with decentralized finance getting a lot of attention. However, that new movement is not without its risks and flaws, either. For decades, consumers and institutional investors have explored the many different options presented to them in the financial world. This approach has worked out rather well, as one could even earn passive revenue on their savings account. Today, things look very different, as many banks charge negative interest…