Page 10 - Dan Held News Today

Epic Ethereum Short Squeeze Pushes Rally To New ATH Reading Time: 3 mins read For the last few days, Ethereum has been adding incredible returns for investors. According to CoinMarketCap, on Monday, ETH added over 16% pushing the coin to a new record of slightly over $3,450. At the time of writing, the coin was trading at around $3,470, a gain of 9.43% over the last 24 hours. Ethereum Short Squeeze Is Responsible For The Rally A short squeeze refers to when short-sell orders in the futures mark...

Bitcoin (CRYPTO: BTC) over gold. Kiss My Asset: According to a new LendEdu survey of 1,000 adults conducted on April 21, 56% of respondents said Bitcoin was the better investment to maximize profits, while 33% said gold was a superior choice. When asked which was the superior investment product for maximizing profits on a $50,000 initial investment, 49% of respondents pointed to Bitcoin while 37% preferred gold. But that’s not to say gold has completely lost its luster. When queried on which ...

The US economy is poised to grow at its fastest pace since 1984. With a recovery that brisk, expect plenty of strange developments over the next few months. Doug Mills-Pool/Getty Images; Samantha Lee/Insider Economists expect the US economy to grow at its fastest pace since 1984 this year. Insider senior correspondent Aki Ito digs into what led to the boom, and what it means going forward for an American populace still feeling th...

Time to buy the dip, or have the crypto markets got further to fall? Crypto at a glance It’s a sea of red this morning, as a tough week in the crypto markets continues to get tougher. More than $400 billion has now been wiped off the cryptocurrency market over the last seven days – almost 20 per cent of its total value. Is it time to buy the dip, or is there still further to fall before we can talk about a recovery? The Bitcoin price has extended its recent decline, falling...

‘Bitcoin is in a ‘super-cycle’ and nowhere near the end of its bull run’ Kraken’s Dan Held on why bitcoin could increase up to 10 times in value before the bull run ends. 14:02  Image: Andrey Rudakov, Bloomberg Dan Held, former head of ‘rider growth’ at Uber and now growth lead at Kraken, one of the world’s largest crypto exchanges, explains why he thinks bitcoin could increase eight to 10 times in value before this bull run is over. AUTHOR PROFILE

It was trading at just R2 450 six years ago.

3 bitcoin-mining experts explain why concerns around the cryptocurrencys massive energy consumption are overblown egraffeo@businessinsider.com (Emily Graffeo) © Olga Maltseva/Getty Images Bitcoin mining uses vast amounts of electricity Olga Maltseva/Getty Images Bitcoins recent rally has reignited fears that mining the coin is harmful to the environment, because of the among of energy required. But cryptocurrency experts argue that concerns about bitcoins energy consumption h...

Top Stories This Week There’s plenty to discuss in the crypto markets, but this week, nonfungible tokens have stolen the limelight… for multiple reasons. Digital artist Mike Winkelmann, also known as Beeple, has made history after his latest piece — “Everydays: The First 5000 Days” — sold for a whopping $69.3 million following an auction at Christie’s. Only two other living artists, Jeff Koons and David Hockney, have created more expensive works… and as you might expect, this is...

REIMAGINE 2021 Virtual Blockchain Conference Tells "History of Coins" from Birth of Bitcoin and Beyond in Newest Series RI2021 is telling the larger story of cryptocurrency and asking guests their opinion on significant events in the industry and their outlook on the future. The series features the larger story of cryptocurrency asking guests such as Bitpay, Celsius, Lolli, and more their take on significant events in the industry. SAN FRANCISCO, CA, UNITED STATES, March 2,...

Crypto at a glance Never settle. Bitcoin certainly doesn’t. Not content with bashing through $50,000 like a gorilla through a birthday cake, it continues to surge and has just set a new all-time high over $52,000. It’s now closing in on another huge psychological landmark – $1 trillion market cap. Will it hit this week? Bitcoin’s surge comes as influential financial players continue to flood into the space. Yesterday, BlackRock’s chief investment officer of global fixed income, Rick R...