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RNN Episode 164 – RAP is Back!

After a long year, the first major show is back and that show is RAP! Join me for several interviews from the floor, apologies up front as my audio is a little loud but had a headphone failure and was talking too loud! Listener Coupon Codes: Marine Depot 10% off your order REEFNEWS Reef Kinetics – $50 off ReefBot RKLOVES Show Watch 2021 Reef-A-Palooza Orlando May 15/16 New York – June 26/27 California August 21/22 Chicago October 16/17 MACNA – September 3, 2021 – September 5, 2021 Aquashella- Orlando June 12/13 Chicago August 14/15 Dallas October 30/31 Powered By: Fritz Aquatics: ReefBreeders: Sicce: Media Partners: ReefHacks: Bahama Llama Coral: Reef2Reef: Main Topic: 008 – a practical guide on how to effectively attack and win at a Frag Show! We tell you how to plan, what to bring, and what to do once you are home with all your new buys! Outro: Please like our Facebook and Instagram pages as well as subscribe to the Podcast Reef News Network: Reef News Road Trip: . Instagram: ReefNewsNetwork Hashtags to follow #ReefNewsNetwork , # , #nation Listener Calls: Go to: click the tab on the right side of the page to leave us a voicemail. Reviews/Ratings: Reviews and Ratings help us reach new heights and continue to produce quality content, let us know how we are doing.

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Ethereum, Stellar Lumens, VeChain Price Analysis: 14 June

Even though Bitcoin climbed back above $39,000 after a jump of 8% in a single day, not all coins witnessed a surge in value. Alts such as Ethereum, Stellar Lumens and VeChain saw limited gains within

The post Ethereum, Stellar Lumens, VeChain Price Analysis: 14 June appeared first on AMBCrypto.

Ken Moelis: People Want BTC Like They Wanted Gold Two Centuries Ago

Ken Moelis is an investment banker who knows a thing or two about finance. In a recent interview, he likened the bitcoin craze to the California Gold Rush of 1848, and says he is also looking for a few crypto business opportunities himself. Ken Moelis: The Gold Rush Is Back, Only Now People Are Seeking

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Deadpool Soundtrack Composer Tom Holkenborg To Auction ‘Soundtrack Of Your Life’ NFT

Deadpool Soundtrack Composer Tom Holkenborg To Auction ‘Soundtrack Of Your Life’ NFT

Tom Holkenborg, a world-renowned film composer for Hollywood blockbusters and DJ, has announced the auctioning of a unique offering. Holkenborg is planning to compose a one-of-a-kind music score for the ‘Soundtrack Of Your Life’ NFT concept.’ The action is set for June 16, 2021, from noon EST. The auction will take place on Amplifyx, an […]

Bitcoin, MATIC, THETA Price Analysis: 14 June

Bitcoin’s breakout above its descending channel boosted the world’s largest digital asset back toward the $39,000 mark. Alts such as MATIC and THETA posted gains on the back of bullish sentiment.

The post Bitcoin, MATIC, THETA Price Analysis: 14 June appeared first on AMBCrypto.

Paul Tudor Jones: Bitcoin Is “100% Certain”

Bitcoin price is back to around $40,000 but whether or not the bull market is over or not isn’t yet certain. What is certain, according to Paul Tudor Jones, is the cryptocurrency itself. Not the asset or its price, but the underlying ironclad cryptographic code. Here’s why the billionaire investor has allocated as much as […]

‘Bitcoin is not an asset that is designed to be leveraged’ says Caitlin Long

Avanti Financial CEO says Bitcoin shouldn’t be leveraged, while regulations for stablecoins are underway

All eyes are on Bitcoin (BTC), as the largest cryptocurrency shot up past $40,000 on June 14. Unsurprisingly, the price increase happened shortly after Tesla CEO Elon Musk tweeted that the electric-car company would potentially accept BTC payments once more miners confirm green energy initiatives

Yet while Musk’s tweet may have driven the price of Bitcoin up, some industry experts believe that Bitcoin is not a cryptocurrency that should be leveraged. For example, during an exclusive interview at Bitcoin 2021 in Miami, Caitlin Long, founder and CEO of Avanti Financial, told Cointelegraph that unlike other cryptocurrencies, solvency matters more than leverage and liquidity when it comes to Bitcoin:

“Once you get into Bitcoin and you start losing money, I consider that to be really valuable tuition for really learning what Bitcoin is. We’ve got a lot of new people in this industry now who are going through those lessons, and hopefully folks will learn from them. Especially in this bull market, there’s been so much leverage added to the system. For those of us who’ve been around a long time, we’ve learned these lesson a long time ago – You don’t leverage Bitcoin.”

A regulatory push for Bitcoin and stablecoins

In addition to advising that Bitcoin shouldn’t be leveraged, Long mentioned that there are new regulations for Bitcoin coming out of Washington D.C., something which she believes has been coordinated with other government bodies. “It was Ray Dalio who said that Bitcoin’s biggest threat is success, because that means the regulators are going to be cracking down,” said Long.

Although this may be, Long pointed out that regulations will not ban cryptocurrency or Bitcoin — as long as users comply. She said:

“The punchline is that if you pay your taxes and you get regulated, and you don’t take shortcuts, you’re going to be okay. Those that are trying to commit crimes, or defraud consumers, or not pay taxes, and not comply with the law, then those people are not going to be okay.”

Long also noted that regulations around stablecoins are a priority for lawmakers. In particular, this will ensure that stablecoins don’t infect the U.S. dollar payment system with liquidity risk. To put this into perspective, Long mentioned the accidental hard fork that happened for a few hours in Ethereum (ETH) during November of last year, saying:

“At the time I was thinking what would happen if all the Ethereum ERC20 stablecoins had to be redeemed within the span of minutes because they had to be burned on one fork and reissued on another? That is not a risk that the traditional financial system has been thinking about.”

Moreover, Long commented on the risks associated with stablecoins back in May, warning that the entire stablecoin market has the potential to bring down other tokens upon a credit market correction.

Should you buy Tezos (XTZ)? Banking on social impact

Tezos (XTZ) has extended its correction from the recent highs. Here are the important support and resistance levels

Tezos XTZ/USD takes advantage of what is known as liquid proof-of-stake (LPoS), and this is important to know when evaluating the value of its cryptocurrency. You see, LPoS is an algorithm that is used by the computers running the Tezos software and is used to secure the network, validate the transactions and distribute newly minted XTZ. 

How XTZ Plays a Role on Tezos

In order for the nodes to participate in the governance, however, they need to stake XTZ in a process known as baking. If you want to be a baker, as a node you’ll need 8,000 XTZ. Users can delegate their tokens to the other bakers and allocate votes to other users so they can earn XTZ rewards. Bakers are incentivized to perform well due to the fact that all users have the flexibility to switch between bakers that they delegate XTZ to, depending on the voting preferences of course.

The XTZ cryptocurrency has a major role when it comes to maintaining the operation of the Tezos network and can be used for holding, spending, sending, or even baking.

Through owning XTZ, as a user, you can get the ability to vote on the upgrades, where each vote is proportional to the amount of XTZ baked. 

So, you now have a general idea of the real value of XTZ and why it’s important, but what does this mean for its price and value in the long term? 

Throughout the entirety of May, new builders, creators, and users contributed to 1.5 million contract calls on Tezos.  

Should you buy XTZ?

In June 9, Tezos had over 283,000 transactions in the span of 24 hours which equates to 23% of ETH’s daily transactions for that specific time frame. The value of XTZ at this time was $3.41.

On June 10, Tezos won an award for the best social impact project of 2021 at the AIBC summit in Dubai. 

We can see that the value remains across the $3 mark, but due to its popularity, recent awards and community engagement it has the potential to yet again rise up to the $5 mark or even beyond by the end of June.

On June 14, XTZ continued to trade just above the $3 level. At $3, it might be worth investing in, and we might even see it go back up to the value of $7 that it had on May 7, when Graph Blockchain Inc. announced that they began proof-of-stake mining of Tezos’s native token XTZ. 

The more popular Tezos becomes, the higher the value it will have, and at $3, with the expectancy of it going back up to $7, it might be a good investment. However, $3 serves as a key support level so if the coin drops below, it might serve as a sign to avoid buying as buyers no longer have interest of buying.

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from Cryptocurrency – Invezz