How are you guys and girls? I am sure all of you are in good health.
So coming to point, how many of you followed the September 1st news about bitcoin. For those who did not follow, let me tell you that bitcoin had gone past $ 5000. I have in past warned, in some of my posts to better buy some bits or a bitcoin if possible. Tough luck guys, if you did not listen to me.
Now that you know bitcoin and bitcoin cash are separated by Ethereum in the top three cryptocurrencies, it is always better to opt in wisely about your future investments.
Ethereum is sandwiched between these two but soon it will reach or even go beyond expectations of investors.
Ethereum not shying away.
Ethereum is surely the next big thing and guys choose wisely. The market cap is definitely encouraging the Ethereum investments.
The non-profit dedicated to supporting development of the ethereum protocol has signed a partnership with Russian state-owned development bank Vnesheconombank (VEB).
Announced in a joint statement yesterday, the Ethereum Foundation will work together with the VEB to support its new blockchain research center, providing specialist training for distributed ledger technology and the ethereum platform.
The partnership hopes to help foster a community of ethereum experts within Russia and to assist the formation projects based on ethereum and other blockchain.
Ethereum founder Vitalik Buterin said in statements:
"Cooperation between Ethereum and VEB gives a unique opportunity to engage in research and development on the use of blockchain technology for public administration and accelerate the adaptation of this technology to government organizations in the Russian Federation,"
Bitcoin could be a bubble soon. I don’t wish it happens but it seems so.
The biggest sell-off since mid-July
At press time, the total value of all publicly traded cryptocurrencies was $166 billion, a figure that was down more than 7 percent from a high of nearly $180 billion last night.
That's when bitcoin, surging on technical improvements and growing investor optimism, topped $5,000 on the CoinDesk Bitcoin Price Index for the first time.
The decline was similar to what was observed on bitcoin, with average global prices declining from a high of $5,013.91 to a low of $4,619.97, a more than $250 decline.
Overall, it was the largest sell-off in the cryptocurrency markets since July 15, when the total value of the asset class plunged roughly 12 percent from $72 billion to $63 billion. However, that decline was part of a multi-day sell-off that saw prices drop more than 25 percent on what was then concern over bitcoin's technical roadmap.
Use this information to your advantage and grow your wealth. All the best and cheers.