Crypto markets appeared to be in suspension on Wednesday as traders awaited the Ethereum blockchain’s historic Merge – the network’s transition to proof-of-stake (PoS) network, expected to take place in about 12 hours.
Stocks and cryptocurrencies sank Tuesday after August’s U.S. consumer price index showed that inflation remains hot. But there hasn't been much follow-through on the downside.
Alex Tapscott, managing director of the digital asset group at alternative investment manager Ninepoint Partners, said bitcoin still looks bright in the long term.
“Bitcoin's simplicity is maybe its biggest drawback because it can't be programmed to do lots of different things, but it's also the greatest asset, in my opinion,” Tapscott told CoinDesk in a video interview. “I think[of bitcoin] as a simple, immutable, highly secure store of value that is completely decentralized and almost impossible to capture by any single force, whether it's a government or company.”
As Ethereum’s Merge...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...