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Gene Simmons Lists Bitcoin, Ethereum, Litecoin, XRP, Dogecoin among His Investments

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From Gene Simmons’ list of digital assets, both XRP and Dogecoin have been involved in tremendous gains in the past few days mostly fueled by the WallStreetBets speculation frenzy.

American musician, entrepreneur, and television personality Gene Simmons has listed some of his digital assets that he has chosen to include in his investment portfolio. According to tweets from his page, Simmons has invested in Bitcoin, Ethereum, Litecoin, Dogecoin and XRP.

The diversified investment portfolio has attracted a huge crypto community’s attention. Whereby both tweets had amassed more than 600 comments each and more than 7000 likes each.

Gene Simmons has, however, been involved with the crypto industry since the 2017 bull rally, where he was quoted to have invested in Bitcoin.

A Closer Look at Gene Simmons Bitcoin and Altcoin Portfolio

From Gene Simmons’ list of digital assets, both XRP and Dogecoin have been involved in tremendous gains in the past few days mostly fueled by the WallStreetBets speculation frenzy.

Notably, XRP has rallied more than 46% in the past 24-hours to trade around $0.711796 at the time of writing according to CoinGecko. Besides, the asset surpassed Tether (USDT) as the third-largest digital asset by market capitalization. Whereby XRP has a reported market capitalization of $32,113,906,232 while Tether (USDT) has a market capitalization of $26,503,301,775. XRP rally has defied all odds after notable crypto exchanges either halted or delisted its trading due to the ongoing lawsuit filed by the United States Securities and Exchange Commission (SEC).

On the other hand hand, Dogecoin remains one of the favorite coins to retail investors. Reason being the fact that it is prone to huge daily gains fueled by high speculation amid support from notable entrepreneurs including Tesla Inc (NASDAQ: TSLA) CEO Elon Musk.

Currently ranked position 14, Dogecoin was trading around $0.03899452 having jumped approximately 38.1% in the past 24-hours according to CoinGecko. Notably, Dogecoin has added approximately 1534%, 604.5%, 332%, and 347% in the past year, one month, two weeks and seven days respectively.

Bitcoin on the other hand has been consolidating for the past two weeks after hitting its all-time high at the beginning of last month. The asset was trading around $33,950.75 after adding approximately 0.9% in the past 24-hours. Notably, the asset has managed to add approximately 264% and 15.5% in the past year and one month respectively according to CoinGecko.

Ethereum and Litecoin have been trading more or less in a similar version as bitcoin in the past few weeks. Ethereum was trading around $1,323.60 after dropping 2.1% in the past 24-hours. However, the asset is up approximately 637.3%, and 81% in the past year and one month respectively. Litecoin on the other hand was trading around $131.98 having jumped approximately 0.8% in the past 24%, besides its 95.2% rally last year.

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A financial analyst who sees positive income in both directions of the market (bulls & bears). Bitcoin is my crypto safe haven, free from government conspiracies.
Mythology is my mystery!
“You cannot enslave a mind that knows itself. That values itself. That understands itself.”





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DeFi

How EdgeCoin Revolutionizes Future of Education Payments

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Edgecoinpay was designed after in-depth research into the end-user and the students’ perspective for the ease of use of the current payment system in the education arena.

In a radical move that will change the infrastructure of the payment facility within the education payment system via blockchain technology forever.

A team managed by L.A Investment Ltd and supported by Mr. Chandra, who is the director & shareholder of Global Universities have announced alongside many more universities the launch of a new digital stable-coin (Edgecoin).

This is fundamentally the most important game-changing cryptocurrency in the market due to being the only educational stable-coin out there within the crypto space.

Luke Arliss&Armon Rabiee has launched the new cryptocurrency which is a stable-coin named Edgecoin. The founder, Luke Arliss, has described it as “a solution to the problems within the banking system of the prohibitive cost that is currently enforced on students”.

”We have literally just scratched the surface, within blockchain technology which is well and truly become recognized as one of the most significant technologies of our time just as the internet was some 20 years ago. It will fundamentally change the world as we know it”, – said Luke Arliss who has been a key figure in blockchain technology and in the cryptocurrency world for many years.

Edgecoin creates an open payment and decentralized system for educational payments, this was conceived some years ago following the discovery of the difficulties faced regarding education in the industry affecting not only students, parents but also universities, who continued to struggle to receive on-time payments.

Edgecoinpay was designed after in-depth research into the end-user and the students’ perspective for the ease of use of the current payment system in the education arena.

These problems include high transaction fees and compliance data security and transactions that take forever.

To solve these issues, Edgecoin was designed to make transactions through a smart contract-driven payment system powered by the “Stella” blockchain. It is also designed to allow users to make transactions without restrictions and to process them in a safe and secure environment. It also has other problem-solving features like immediate processing of payments and complete control over funds.

Edgecoin is designed to work through a simple and friendly redemption mechanism, which works through an established exchange & redeem payment processor.

Edgecoin ensures that the compliance of funds that go through the app/exchange has a strict review on the users  KYC and AML that is uploaded via the users this ensures complete security of any transaction within the Edgecoinpay system.

Explaining the importance of Edgecoin, co-founder, Armon Rabiee emphasized that “It will help ensure that even in uncertain times, users will earn more value for their money whilst staking Edgecoin as a stable coin on our app/wallet, which will automatically allow you to claim our Air-coin. Air-coin is a fluctuation token that will be listed on the DeFi market that allows users to collect significant returns on their staking of Edgecoin”.

Both Luke Arliss & Armon Rabiee stated: “We need a token that could be fully functional, and compliance approved whilst supported by all legal financial licensing to benefit all echelons of the public such as universities and the crypto community at large. With all the technology over the past century the world has become a smaller place, in fact we see it as a global village, a world with no borders. We believe not anything should suppress the knowledge and the advancement of our fellow human beings”.

They also stated: “Our goal was to create something that gave the greatest amount of benefit to our community members, to provide them with more value for their hard-earned money whilst having the opportunity to make money from AIRCOIN”.

Utilising their time much more productively and most importantly to accomplish this in a 100% absolute secure way. We also wanted to provide a stress-free solution to the exciting and sometimes uncertain times that we live in. As our community grows, so will our ability to provide more resources and benefits for everyone involved and the global community at large of Edgecoin”.

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Having obtained a diploma in Intercultural Communication, Julia continued her studies taking a Master’s degree in Economics and Management. Becoming captured by innovative technologies, Julia turned passionate about exploring emerging techs believing in their ability to transform all spheres of our life.



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Gary Black Thinks Tesla Stock Could Rally Further by Selling BTC Holding and Initiating Buybacks

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Gary Black further noted that institutional investors currently would prefer Tesla to buy back its stock to holding Bitcoin. 

Former CEO Aegon Asset Management US Gary Black thinks Tesla Inc (NASDAQ: TSLA) stock could stop bleeding out if the company sold off its Bitcoin position and initiated stock buybacks. Tesla stocks dropped approximately 27% in the past month to trade around $612.51 at the time of writing according to MarketWatch.

Notably, Tesla reported that it purchased Bitcoins worth $1.5 billion and plans to add the asset in its form of payment. Although the company is still in profit from the Bitcoin position, a respected analyst thinks the company should sell off the Bitcoin position. With the proceeds from the Bitcoin position, Tesla could then initiate its stock buyback to prevent further sell-off.

Gary Black and Tesla Stock

Gary Black further noted that institutional investors currently would prefer Tesla to buyback its stock to holding Bitcoin. “If you asked 100 institutional $tsla, shareholders, would they prefer $tsla to invest $1.5B excess cash in #btc, or $1.5B excess cash in $tsla stock, 95/100 would choose $tsla stock,” Gary noted.

One of his followers challenged him by suggesting that the company should hold on to the Bitcoin position as it finds other avenues to be productive despite the market competition. According to him, in retrospect after a decade Tesla will appreciate its Bitcoin holding greatly.

Tesla stock is up approximately 342% in the past year thanks to the increased demand globally.

Notably, Tesla stocks are down approximately 8% in the past five days. Besides, they were trading around 611.74, down 1.59% during the premarket. Consequently, a survey conducted by media outlet MarketWatch indicates 34 different ratings gave Tesla stock an average of a Hold rating.

At the time of writing, Tesla had a reported market valuation of approximately $626.98 billion with 959.85 million outstanding shares. Tesla stock, however, has been on the uptrend for the past few months.

Tesla stocks have in the past endured bear markets. Tesla CEO Elon Musk unveiled a pair of short shorts to tease investors who were short of Tesla stock.

According to Musk’s past tweets, it is unlikely that the company will sell the Bitcoin position soon. However, according to the SEC filing by the company, the company could change its Bitcoin position if the price drops below the purchase level or the crypto ecosystem is compromised by attackers.

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A financial analyst who sees positive income in both directions of the market (bulls & bears). Bitcoin is my crypto safe haven, free from government conspiracies.
Mythology is my mystery!
“You cannot enslave a mind that knows itself. That values itself. That understands itself.”





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NewsCrypto Is Next Project Listed on PancakeSwap

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With the NewsCrypto Coin (NWC) token now being launched on PancakeSwap, users are able to benefit from its impressive liquidity and range of additional features – providing even more utility to NWC holders. 

Cryptocurrency trading education, analytics, and social prediction platform NewsCrypto is set to become one of the first cross-chain cryptocurrencies added to PancakeSwap – the leading decentralized exchange on Binance Smart Chain.

As a platform designed to make cryptocurrency trading more approachable and profitable for traders, NewsCrypto offers a huge variety of tools, insights, and features to help both novice and experienced traders identify and capitalize on opportunities in the crypto market while managing their risk. These include a powerful trading simulator, DeFi scanner, community predictions, an entire trading educational course, and several premium features like an arbitrage tracker and technical analysis reports.

Just weeks ago, NewsCrypto announced it would be expanding the Stellar-based NewsCrypto Coin (NWC) token to both the Ethereum and Binance Smart Chain blockchains as ERC-20 and BEP-20 tokens respectively — helping to expose users to the burgeoning DeFi industry available on these two chains.

As a result, NWC is now available on the massively popular PancakeSwap — an incredibly liquid Binance Smart Chain-based DEX with a wide array of secondary DeFi features.

Beyond this, users are able to get their hands on the NewsCrypto token through a variety of other centralized and decentralized exchanges, including KuCoin, HitBTC, and Uniswap. As it stands, PancakeSwap is currently the only exchange to support the BSC version of the NWC token.

In the last six months, PancakeSwap has emerged as a decentralized exchange phenomenon, and has exceeded practically everyone’s expectations with its incredible growth and uptake among the Binance Smart Chain community and promising projects with cross-chain ambitions.

The platform has seen both the number of available trade pairs and trading volume skyrocket since it launched in September last year – climbing from just a handful of trading pairs at launch to over 1,300 today, while trading volume has grown exponentially, increasing by more than 1,000% in the last month alone.

The reasons behind this growth are clear – PancakeSwap’s massive liquidity, extremely low fees, and sheer efficiency have made it an attractive alternative to Uniswap, which has suffered due to the congestion seen on the Ethereum blockchain in recent months.

On top of this, it has evolved into more than a simple decentralized exchange and has become somewhat of a cultural icon of sorts in the cryptosphere, since it also offers an array of interesting and quirky features to keep users busy beyond simple cryptocurrency trading. These include a wide variety of Pancake NFT collectibles, a CAKE lottery feature, and several, built-in yield farms.

With the NewsCrypto Coin (NWC) token now being launched on PancakeSwap, users are able to benefit from its impressive liquidity and range of additional features – providing even more utility to NWC holders.

next Altcoin News, Blockchain News, Cryptocurrency news, News

Having obtained a diploma in Intercultural Communication, Julia continued her studies taking a Master’s degree in Economics and Management. Becoming captured by innovative technologies, Julia turned passionate about exploring emerging techs believing in their ability to transform all spheres of our life.





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