Robert F. Kennedy Says Bitcoin (BTC) Is ‘The Perfect Currency,’ Slams SEC’s Crypto Policy: Report

Democrat US presidential candidate Robert F. Kennedy Jr. thinks Bitcoin (BTC) is the “perfect base currency.” In a recent interview with TheStreet Crypto, Kennedy, who announced last month that he is running in the 2024 presidential campaign as a Democrat, says there needs to be “exit ramps” like crypto assets that allow Americans to avoid central bank-induced inflation. “[Bitcoin is] the perfect base currency, because there’s a finite amount of it… The Bitcoin that exists on the Earth is infinitely divisible, so it’s kind of the perfect currency – it has…

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Dogecoin (DOGE) Daily Transactions Spike 8,220% in May, According to IntoTheBlock – The Daily Hodl

New data from the market intelligence platform IntoTheBlock reveals that the daily number of transactions over Dogecoin (DOGE) significantly spiked in May. According to the crypto analytics firm, the number of daily transactions over the popular dog-themed meme asset skyrocketed by a staggering 8,220% last month, hitting a peak of above two million, a new all-time high. “No, there’s nothing wrong with this chart. Daily Dogecoin transactions saw an 8,220% increase this month, from around 25,000 to a peak of 2.08 million last Saturday.” Source: IntoTheBlock/Twitter Earlier this month, blockchain…

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Michael Novogratz says Bitcoin will soon be ‘off to the races’

Bitcoin ended May down 8.0% – its worth month since November. Galaxy Digital CEO Michael Novogratz is still bullish on BTC. He explained why this morning on CNBC’s “Squawk Box”. Bitcoin just had its worst month since late last year but Michael Novogratz – the Chief Executive of Galaxy Digital is keeping optimistic on the cryptocurrency. Novogratz shares his view on Bitcoin Novogratz attributed the recent weakness in BTC to a lack of participation from large-scale buyers or the institutional investors. But the billionaire investor talked of two recent developments…

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Top Crypto Trader Looks Ahead to June As Bitcoin (BTC) and Ethereum (ETH) Move Sideways

A widely followed crypto analyst is looking forward to what a new month might mean for the top two crypto assets by market cap. In a new Daily Price Action blog post, crypto trader Justin Bennett says that yesterday’s sell-off in the Bitcoin (BTC) markets might just be due to institutional traders balancing their books. “As large institutions close their books, we often see markets become erratic and indecisive in the final 24-48 hours of the month. So how Bitcoin trades in the first week of June will be telling. But if…

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Historic Signal Suggests Bitcoin (BTC) Could Be About To Go ‘Bonkers’ in Coming Weeks: InvestAnswers – The Daily Hodl

A popular crypto analyst believes the price action of Bitcoin (BTC) could take off within months if two key indicators cross. In a new update, the anonymous host of InvestAnswers tells his 444,000 YouTube subscribers that when the 50-week moving average retakes the 200-week moving average Bitcoin will likely soar. In technical analysis, this is known as a golden cross, which occurs when a short-term moving average rises above a long-term moving average. A golden cross, which is the opposite of a death cross, indicates the start of a sustained…

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Scientists propose quantum proof-of-work consensus for blockchain

A team of researchers from universities in Australia and the United States, working in collaboration with quantum technology company BTQ, recently published research proposing a novel proof-of-work (PoW) scheme for blockchain consensus that relies on quantum computing techniques to validate consensus. Our new paper on using NISQ-era quantum sampling problems in proof-of-work blockchain consensus algorithms. In collaboration with @BTQ_Tech.https://t.co/MKAB2czqSk — Peter Rohde (@drpeterrohde) June 1, 2023 Dubbed “Proof-of-work consensus by quantum sampling,” the preprint research paper details a system that the authors claim “provides dramatic speedup and energy savings relative…

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