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Showing posts with the label future of crypto

Crypto Appears On The Popular TV Show: The Simpsons

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One of the newest episode of “ The Simpsons ” aired has just featured Jim Parsons of Big Bang Theory as a guest star to explain cryptocurrencies and how a blockchain works. In the song and dance predicts cryptocurrency to be the future money, the animated ledger states: “Each day I’m closer, to being the cash of the future. Not in your wallet, I’m in your computer! At the end of Jim’s talk, there is a subliminal message on screen. It further explains how cryptocurrencies work, part of which says: “Using the word “cryptocurrency” repeatedly while defining cryptocurrency makes it seem like we have a novice’s understanding of cryptocurrency. Well that is a total pile of cryptocurrency. In this system, rules are defined for the creation of additional units of cryptocurrency. They can be generated by fiat like traditional currency or just thrown around randomly or all given to LeBron.” The crypto community welcomed the episode. Altcoin Daily account has com...

Weekly Overview: Crypto News

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05-January- 2020 Ethereum Block Time Reduced By 25% Source : Unsplash.com The average block time on the Ethereum blockchain reduced by almost a quarter after the mining difficulty was eliminated. Data stated on Ethereum block explorer Etherscan demonstrates that from Jan. 1 to Jan. 4, the daily average block time on the blockchain reduced from 17.16 seconds to 12.96. This translates to a 24.48% shorter block time. 06-January- 2020 Bill To Study The Benefits Of Implementing Blockchain In The Election System Source : Unsplash.com The United States Virginia State’s legislature is looking into studying Blockchain to improve the election and voting systems . The bill to look into the study of blockchain was prefiled on the 27th of December, 2019 and was up for offering on the 8th of January, 2020, the House of Delegates and the Senate concurred that the Department of Elections is requested to study the use of blockchain technology to protect ...

Psychology of Financial Markets

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Market psychology refers to the prevailing sentiment of financial market participants at any one point in time. Investor sentiment can and frequently drives market performance in directions at odds with fundamentals. For instance, if investors suddenly lose confidence and decide to pull back, markets can fall. Greed, fear, expectations, and circumstances are all factors that contribute to markets’ overall investing mentality or sentiment. The ability of these states of mind to trigger periodic “risk-on” and ``risk-off,” in other words boom and bust cycles in financial markets is well documented. Often these shifts in market behaviour are referred to as “animal spirits” taking hold. The expression comes from John Maynard Keynes’ description in his 1936 book, “The Theory of Employment, Interest, And Money.” Writing after the Great Depression, he describes animal spirits as a “spontaneous urge to action rather than inaction.” While conventional financial theory, namely the effi...