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Did Vitalik Buterin Make Ethereum Crash Further?

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Ethereum crash

The writing is on the wall that we are in a bear market. The crypto community is aware that for there to be some sort of relief from the current decline, there needs to be some good news not only from Wall Street but from the founders of some of our favorite projects.

Vitalik Buterin happens to be the co-founder of one of Ethereum and his latest comments have not gone over well. Matter of fact, some are saying that he has made the Ethereum crash worse. Some have simply disagreed with him.

Going back to the crypto market, all has not been well since it peaked back in late December to early January. Regulatory fears caused a total capitulation of most crypto traders from Japan, South Korea, and China. Fast forward to the month of September where the crypto community is waiting for the SEC to rule on the CBOE sponsored Bitcoin ETF. Such tension has culminated in a very shaky market as can be seen when with the fake news that Goldman Sachs was shelving plans for a BTC and Crypto trading desk.

To add insult to injury, Vitalik Buterin – in a September 8th interview – told Bloomberg that we are on the cusp of a blockchain ceiling and that the days of 1,000-times growth are behind us. His exact words were:

“The blockchain space is getting to the point where there’s a ceiling in sight. If you talk to the average educated person at this point, they probably have heard of blockchain at least once. There isn’t an opportunity for yet another 1,000-times growth in anything in the space anymore.”

He also added that the strategy of getting crypto adopted through marketing is hitting a dead end. What needs to be done, is more people getting involved in crypto in a more in-depth way where people are more interested in real applications of real economic activity.

Comments Were Ill-Timed

As much as Vitalik’s words are true from a technical point of view, given the current bear market, such words are not what investors and HODLers want to hear. More so, if the said investor is more interested in crypto from a financial angle of profits rather than from the technology part as many enthusiasts are.

What then probably happened, is that the believers of Ethereum watched as their favorite digital asset took a massive hit as the more profit-oriented investors took off. This is more or less what happened when Elon Musk was reported to be smoking marijuana and drinking whiskey during a podcast. The value of Tesla’s stock dipped instantly and there are rumors the American air-force wants to investigate his company: Space X.

Summing it all up, and what we are trying to say, is that the comments from Vitalik Buterin were correct from a technical point of view but ill-timed in a bear market. ETH is currently struggling to get back to levels above $200 with many predicting that it might get worse before it gets better for the digital asset. This might be so with a pending decision at the SEC for the CBOE sponsored Bitcoin ETF. If they were to reject or postpone the ETF, the crypto markets would be affected negatively by some degree.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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How Can Foreigners Get Loans in Singapore

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loans for foreigners in Singapore

Foreigners who are residing in Singapore and looking for financing could do so in the form of a payday loan. It is good to find out that you can borrow the money from a reputable lender and that the interest rates are low enough for it to be a viable option. Online lenders that specialize in doing business in the country can certainly help one. These online companies are not only reliable, but their service is fast.

At the same time, many cannot afford a high standard of living. Many individuals cannot afford essentials, such as a car or a house. It can be difficult for the majority of the working class to scrape through on their basic salary. 

What defines a foreigner in Singapore? 

A foreigner in Singapore means that you are not a permanent or natural citizen there. As a foreigner, you will not be holding a Singaporean passport. The rules can differ a little for foreigners and residents. Singapore, being a multinational hub, houses many foreigners within the city. Foreigners come to Singapore for the many attractions it offers. Many people come to Singapore for Work-related purposes. A lot many also come for vacations or to visit a friend or a relative. Some foreigners come with a plan to move to Singapore permanently, attracted by their lavish lifestyle. Singapore also houses many International students attending many esteemed Singaporean Universities.  

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Altcoins

Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

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Aluna.Social

When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace.  The real benefit to trading in these offices is to participate in the free flow of trading ideas and information.  Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed.  Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?

While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.

Mission Statement

Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors.  The goal of the platform is to help newcomers shorten their learning curve, unlock their full potential, and improve trading performance.  Cryptocurrency trading can…

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Altcoins

CoinFlip Scores Big with BRD Wallet Partnership

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CoinFlip

As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies like Bitcoin and Dash, to help protect their assets and hard-earned…

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