Bitcoin Beat: BTC Nosedives, April 20 ‘Doge Day’?
Bitcoin Nosedives - Bitcoin, the world’s biggest cryptocurrency, fell as much as 14% to $51,541 on Sunday, reversing most of the big gains it made over the past week. Much of the boost came on news that Bitcoin exchange Coinbase was going public.
By Monday evening, the price of Bitcoin was back up to over $54,000.
Data website CoinMarketCap cited a blackout in China’s Xinjiang region, which reportedly powers a lot of Bitcoin mining, for the selloff.
Luke Sully, CEO at digital asset treasury specialist Ledgermatic, said in an email that people "may have sold on the news of the power outage in China and not the impact it actually had on the network".
Dogecoin traders push to make April 20 ‘Doge Day’ - Dogecoin’s astonishing surge in the past week has been amazing enough, but now proponents of the cryptocurrency are promoting a celebratory holiday—Doge Day—for the money that no one was meant to take seriously. Advocates are hoping to see Dogecoin hit $1 on April 20—one week after it was valued at just 9¢. Source: Fortune
Calvin Ayre: Bitcoin SV is The Most Valuable Blockchain Network - A prolific investor in the Bitcoin space, Ayre has a specific investment and business focus on fintech innovations, data management, cyber security and transactable digital tokens. His interview began by setting out the use case for Bitcoin SV, and why it is technologically superior to other blockchains, such as BTC and ETH.
Ayre said all other blockchain networks have decided to take the original Bitcoin vision and have tried to apply their own ‘improvements’ to the technology, as first detailed in Dr. Craig Wright’s original Bitcoin whitepaper.
Ayre said BSV will change the way data is managed and valued. The network has a global monopoly on enterprise level data management and valuation, with all other networks described as “hobby platforms” at best. As soon as an app is successful on one of the other blockchains, it needs to be ported to BSV as the only public blockchain with the scale potential to handle it.
- Aaron Goldstein, Gambling911.com
