Ethereum is outperforming bitcoin. Morgan Stanley thinks it knows why

CNBC2021-06-17

Cryptocurrency ethereum has outperformed bitcoin so far this year, and Morgan Stanley has given a number of reasons why. The “alternative” crypto coin is up around 240% this year, while the world’s ...

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CkSck
·2021-06-17
Wow good
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mckk0411
·2021-06-17
Interesting
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Laikv1982
·2021-06-17
Good
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Sanushks
·2021-06-17
the article seems to suggest ETH will lose its value too
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Skylar217
·2021-06-17
Like and comment
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- Skylar217:
  Thanks
  2021-06-17
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- Graceong:
  Good
  2021-06-17
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Leotrader
·2021-06-17
Ok duh
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3
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traderbob
·2021-06-17
Cool
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2
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TK63
·2021-06-17
Like it
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2
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- Skylar217:
  Like and comment
  2021-06-17
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cl1689
·2021-06-17
Pls like
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2
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Hunter88
·2021-06-17
Pls like & comment
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5
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- Leotrader:
  ok sure!
  2021-06-17
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- JS64:
  Here u go
  2021-06-17
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Timosabe
·2021-06-17
Bullish :)
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3
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HuatMonster
·2021-06-17
Ok
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dogeking
·2021-06-17
What about dogecoin? Who lets the doge out? Woof woof ?
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Diggydev
·2021-06-17
Correct
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Akai98
·2021-06-17
Buy and hold
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limyz1
·2021-06-17
Ether yay. Comment and like pls
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- Melodykjh:
  Cool
  2021-06-17
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- Thomas9413:
  Huat
  2021-06-17
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- Bliang:
  Comment
  2021-06-17
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Fatboiiiswim
·2021-06-17
Like and comment
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- Thomas9413:
  Thanks
  2021-06-17
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- KyleFong:
  Done. Please comment back here as return
  2021-06-17
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- Fatboiiiswim:
  Thank you for the support
  2021-06-17
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dannynggg
·2021-06-17
gr8
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1
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irung
·2021-06-17
Comment pls
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- irung:
  hi
  2021-06-17
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- ratata:
  respond pls
  2021-06-17
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- dannynggg:
  hello
  2021-06-17
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Tw0d3MooN
·2021-06-17
[得意]
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Morgan Stanley thinks it knows why","media":"CNBC","content":"<div>\n<p>Cryptocurrency ethereum has outperformed bitcoin so far this year, and Morgan Stanley has given a number of reasons why.\nThe “alternative” crypto coin is up around 240% this year, while the world’s ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/17/ethereum-is-outperforming-bitcoin-morgan-stanley-thinks-it-knows-why.html\">Source Link</a>\n\n</div>\n","source":"cnbc_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Ethereum is outperforming bitcoin. Morgan Stanley thinks it knows why</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEthereum is outperforming bitcoin. Morgan Stanley thinks it knows why\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-17 09:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/17/ethereum-is-outperforming-bitcoin-morgan-stanley-thinks-it-knows-why.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Cryptocurrency ethereum has outperformed bitcoin so far this year, and Morgan Stanley has given a number of reasons why.\nThe “alternative” crypto coin is up around 240% this year, while the world’s ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/17/ethereum-is-outperforming-bitcoin-morgan-stanley-thinks-it-knows-why.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"FT_SY_MBT","symbol_name":"微型CME比特币","start_time":0,"source_url":"https://www.cnbc.com/2021/06/17/ethereum-is-outperforming-bitcoin-morgan-stanley-thinks-it-knows-why.html","article_id":"1152730219","we_media_id":null,"thumbnails":[],"rights":{"source":"cnbc_highlight","url":"https://www.cnbc.com/2021/06/17/ethereum-is-outperforming-bitcoin-morgan-stanley-thinks-it-knows-why.html","rn_cache_url":null,"customStyle":"body{padding-top:10px;}.ArticleHeader-headline{#titleStyle#}a{#lv2TextColor#}.ArticleHeader-time, .Author-authorNameAndSocial a{#sourceStyle#;}","selectors":".PageBuilder-pageWrapper","filters":".ArticleHeader-eyebrow, .RelatedTags-relatedTags","directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=1152730219","pubTimestamp":1623893214,"sourceInfo":{"source_id":"cnbc_highlight","name":"CNBC"},"weMediaInfo":null,"summary":"Cryptocurrency ethereum has outperformed bitcoin so far this year, and Morgan Stanley has given a nu","collect":0,"end_time":0,"defaultTopTitle":"cnbc.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust"},"translate_title":"以太币的表现优于比特币。摩根士丹利认为它知道为什么","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BTCmain":0.9,"ETHmain":0.9,"MBTmain":0.9,"XBTmain":0.9,"GBTC":0.9},"content_text":"Cryptocurrency ethereum has outperformed bitcoin so far this year, and Morgan Stanley has given a number of reasons why.\nThe “alternative” crypto coin is up around 240% this year, while the world’s best-known cryptocurrency is up less than 38%.\nIt’s been a volatile few months in the crypto world,with bitcoin’s value peaking in April at around $65,000 before falling back to around $30,000, while ether peaked in May at around $4,000 and is now trading around $2,500.\nther is viewed as an alternative to bitcoin. Fans like it for a number of reasons including the fact it underpins many other cryptocurrencies, but it’s yet to be adopted by private institutions in the way that bitcoin has been.\nIt’s important to note that ether’s market cap is less than half that of bitcoin’s, but trading volumes for the smaller coin surged to $600 billion in May — 60% higher than bitcoin volumes, according to Morgan Stanley.\nThere are some key reasons for the outperformance of ether, according to the investment bank, which updated its views on crypto in a note last week.\nEnergy usage\nOne key factor to consider when looking at why ether is currently outperforming bitcoin is energy usage.\n“ETH is considered more ‘green’ than bitcoin,” Morgan Stanley strategist Sheena Shah and equity analysts James Faucette and Betsy Graseck wrote in the note.\nCrypto miners use purpose-built computers to solve complex mathematical equations that effectively enable a coin transaction to go through. The miners are rewarded for their efforts in whatever the coin is that they’re mining. However, the entire process, known as proof of work, is energy intensive because of the amount of power used by the computers.\nTo slash ether’s electricity usage, the Ethereum Foundation is transitioning its process for approving transactions to proof of stake instead of proof of work.\nIn theory, this means all someone will need to become a validator on the network is proof that they hold some ether, or a “stake.” Ultimately, it should remove the need for vast amounts of computing power needed to validate transactions and the Ethereum Foundation claims it will use more than 99.9% less energy than before.\n“Increasing worries about bitcoin’s energy usage made ether relatively more attractive as PoW doesn’t use as much energy to run, at the expense of the security of the transaction,” the Morgan Stanley experts wrote.\nIt’s worth noting there are other coins that already run on proof of stake networks, such as Cardano and Algorand.\nCoins could be destroyed\nEther also has a new “money supply plan” coming in July that will change the way miners are paid, and make ether scarcer.\n“An upgrade to the protocol is expected (called EIP-1559) where the fees that miners are currently paid (in ETH) will be ‘burned’ instead of being given to miners,” wrote the Morgan Stanley analysts. “ETH money supply will be destroyed, increasing its scarcity.”\nDecentralized finance\nOther cryptocurrencies beyond ether also rely on ethereum’s blockchain, which is a growing list of records, called blocks, that are linked together using cryptography.\nIndeed, the vast majority of so-called decentralized finance still runs on the ethereum blockchain, the Morgan Stanley analysts noted.\nBut new competitors are launching, and ethereum is no longer the go-to blockchain for cryptocurrency creators. “Most new coins opted to use an existing blockchain, which until a year ago was mostly ethereum,” said the analysts.\n“Ethereum transaction fees were rising quickly this year as more and more digital assets used the blockchain, hitting the limits of the way ethereum is currently set up to handle transactions,” they added.\nBinance, the world’s largest cryptocurrency exchange, built the Binance Smart Chain and made it relatively easy for creators of existing ethereum-based coins to port their coin to the BSC.\nBitcoin’s carbon footprint\nBitcoin has come under significant pressure in recent months amid a growing awareness of its energy usable.\nIt has a carbon footprint comparable to that of New Zealand, producing 36.95 megatons of CO2 annually, according to Digiconomist. This is a major cause for concern in countries around the world which are currently trying to cut their carbon emissions and mitigate climate change.\nTesla CEO Elon Musk said last month that his electric car company will stop accepting bitcoin as a form of payment because of environmental concerns, causing the price of bitcoin to drop 5% in a matter of minutes.Although, he said this week Tesla will start accepting bitcoin again as long as miners use more clean energy.\nMeanwhile China, which has some of the cheapest electricity in the world, is imposing strict new regulations on bitcoin mining. When the Chinese Communist Party said it would “crack down on bitcoin mining and trading behavior” in May the price of bitcoin fell 25% in a few days.\n“China’s crackdown seems tied to China’s newly stated efforts to reduce carbon emissions, with approximately two-thirds to three-quarters of bitcoin mining thought to be done in China, a substantial portion of which uses electricity from coal powered plants,” the analysts wrote.\nThey noted that bitcoin miners in the country are now in the process of moving elsewhere (to use other energy sources) or cashing out, which has not helped prices.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":161561207,"gmtCreate":1623935417109,"gmtModify":1703823875745,"author":{"id":"3581591880603790","authorId":"3581591880603790","name":"CkSck","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3581591880603790","idStr":"3581591880603790"},"htmlText":"Wow good","listText":"Wow good","text":"Wow good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/161561207","repostId":1152730219,"repostType":4,"repost":{"id":"1152730219","kind":"news","pubTimestamp":1623893214,"share":"https://ttm.financial/m/news/1152730219?lang=&edition=fundamental","pubTime":"2021-06-17 09:26","market":"fut","language":"en","title":"Ethereum is outperforming bitcoin. Morgan Stanley thinks it knows why","url":"https://stock-news.laohu8.com/highlight/detail?id=1152730219","media":"CNBC","summary":"Cryptocurrency ethereum has outperformed bitcoin so far this year, and Morgan Stanley has given a nu","content":"<div>\n<p>Cryptocurrency ethereum has outperformed bitcoin so far this year, and Morgan Stanley has given a number of reasons why.\nThe “alternative” crypto coin is up around 240% this year, while the world’s ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/17/ethereum-is-outperforming-bitcoin-morgan-stanley-thinks-it-knows-why.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Ethereum is outperforming bitcoin. Morgan Stanley thinks it knows why</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEthereum is outperforming bitcoin. Morgan Stanley thinks it knows why\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-17 09:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/17/ethereum-is-outperforming-bitcoin-morgan-stanley-thinks-it-knows-why.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Cryptocurrency ethereum has outperformed bitcoin so far this year, and Morgan Stanley has given a number of reasons why.\nThe “alternative” crypto coin is up around 240% this year, while the world’s ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/17/ethereum-is-outperforming-bitcoin-morgan-stanley-thinks-it-knows-why.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://www.cnbc.com/2021/06/17/ethereum-is-outperforming-bitcoin-morgan-stanley-thinks-it-knows-why.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1152730219","content_text":"Cryptocurrency ethereum has outperformed bitcoin so far this year, and Morgan Stanley has given a number of reasons why.\nThe “alternative” crypto coin is up around 240% this year, while the world’s best-known cryptocurrency is up less than 38%.\nIt’s been a volatile few months in the crypto world,with bitcoin’s value peaking in April at around $65,000 before falling back to around $30,000, while ether peaked in May at around $4,000 and is now trading around $2,500.\nther is viewed as an alternative to bitcoin. Fans like it for a number of reasons including the fact it underpins many other cryptocurrencies, but it’s yet to be adopted by private institutions in the way that bitcoin has been.\nIt’s important to note that ether’s market cap is less than half that of bitcoin’s, but trading volumes for the smaller coin surged to $600 billion in May — 60% higher than bitcoin volumes, according to Morgan Stanley.\nThere are some key reasons for the outperformance of ether, according to the investment bank, which updated its views on crypto in a note last week.\nEnergy usage\nOne key factor to consider when looking at why ether is currently outperforming bitcoin is energy usage.\n“ETH is considered more ‘green’ than bitcoin,” Morgan Stanley strategist Sheena Shah and equity analysts James Faucette and Betsy Graseck wrote in the note.\nCrypto miners use purpose-built computers to solve complex mathematical equations that effectively enable a coin transaction to go through. The miners are rewarded for their efforts in whatever the coin is that they’re mining. However, the entire process, known as proof of work, is energy intensive because of the amount of power used by the computers.\nTo slash ether’s electricity usage, the Ethereum Foundation is transitioning its process for approving transactions to proof of stake instead of proof of work.\nIn theory, this means all someone will need to become a validator on the network is proof that they hold some ether, or a “stake.” Ultimately, it should remove the need for vast amounts of computing power needed to validate transactions and the Ethereum Foundation claims it will use more than 99.9% less energy than before.\n“Increasing worries about bitcoin’s energy usage made ether relatively more attractive as PoW doesn’t use as much energy to run, at the expense of the security of the transaction,” the Morgan Stanley experts wrote.\nIt’s worth noting there are other coins that already run on proof of stake networks, such as Cardano and Algorand.\nCoins could be destroyed\nEther also has a new “money supply plan” coming in July that will change the way miners are paid, and make ether scarcer.\n“An upgrade to the protocol is expected (called EIP-1559) where the fees that miners are currently paid (in ETH) will be ‘burned’ instead of being given to miners,” wrote the Morgan Stanley analysts. “ETH money supply will be destroyed, increasing its scarcity.”\nDecentralized finance\nOther cryptocurrencies beyond ether also rely on ethereum’s blockchain, which is a growing list of records, called blocks, that are linked together using cryptography.\nIndeed, the vast majority of so-called decentralized finance still runs on the ethereum blockchain, the Morgan Stanley analysts noted.\nBut new competitors are launching, and ethereum is no longer the go-to blockchain for cryptocurrency creators. “Most new coins opted to use an existing blockchain, which until a year ago was mostly ethereum,” said the analysts.\n“Ethereum transaction fees were rising quickly this year as more and more digital assets used the blockchain, hitting the limits of the way ethereum is currently set up to handle transactions,” they added.\nBinance, the world’s largest cryptocurrency exchange, built the Binance Smart Chain and made it relatively easy for creators of existing ethereum-based coins to port their coin to the BSC.\nBitcoin’s carbon footprint\nBitcoin has come under significant pressure in recent months amid a growing awareness of its energy usable.\nIt has a carbon footprint comparable to that of New Zealand, producing 36.95 megatons of CO2 annually, according to Digiconomist. This is a major cause for concern in countries around the world which are currently trying to cut their carbon emissions and mitigate climate change.\nTesla CEO Elon Musk said last month that his electric car company will stop accepting bitcoin as a form of payment because of environmental concerns, causing the price of bitcoin to drop 5% in a matter of minutes.Although, he said this week Tesla will start accepting bitcoin again as long as miners use more clean energy.\nMeanwhile China, which has some of the cheapest electricity in the world, is imposing strict new regulations on bitcoin mining. When the Chinese Communist Party said it would “crack down on bitcoin mining and trading behavior” in May the price of bitcoin fell 25% in a few days.\n“China’s crackdown seems tied to China’s newly stated efforts to reduce carbon emissions, with approximately two-thirds to three-quarters of bitcoin mining thought to be done in China, a substantial portion of which uses electricity from coal powered plants,” the analysts wrote.\nThey noted that bitcoin miners in the country are now in the process of moving elsewhere (to use other energy sources) or cashing out, which has not helped prices.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":161996514,"gmtCreate":1623899329138,"gmtModify":1703822990832,"author":{"id":"3560143816946824","authorId":"3560143816946824","name":"mckk0411","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"3560143816946824","idStr":"3560143816946824"},"htmlText":"Interesting","listText":"Interesting","text":"Interesting","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/161996514","repostId":1152730219,"repostType":4,"repost":{"id":"1152730219","kind":"news","pubTimestamp":1623893214,"share":"https://ttm.financial/m/news/1152730219?lang=&edition=fundamental","pubTime":"2021-06-17 09:26","market":"fut","language":"en","title":"Ethereum is outperforming bitcoin. Morgan Stanley thinks it knows why","url":"https://stock-news.laohu8.com/highlight/detail?id=1152730219","media":"CNBC","summary":"Cryptocurrency ethereum has outperformed bitcoin so far this year, and Morgan Stanley has given a nu","content":"<div>\n<p>Cryptocurrency ethereum has outperformed bitcoin so far this year, and Morgan Stanley has given a number of reasons why.\nThe “alternative” crypto coin is up around 240% this year, while the world’s ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/17/ethereum-is-outperforming-bitcoin-morgan-stanley-thinks-it-knows-why.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Ethereum is outperforming bitcoin. Morgan Stanley thinks it knows why</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEthereum is outperforming bitcoin. Morgan Stanley thinks it knows why\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-17 09:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/17/ethereum-is-outperforming-bitcoin-morgan-stanley-thinks-it-knows-why.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Cryptocurrency ethereum has outperformed bitcoin so far this year, and Morgan Stanley has given a number of reasons why.\nThe “alternative” crypto coin is up around 240% this year, while the world’s ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/17/ethereum-is-outperforming-bitcoin-morgan-stanley-thinks-it-knows-why.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://www.cnbc.com/2021/06/17/ethereum-is-outperforming-bitcoin-morgan-stanley-thinks-it-knows-why.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1152730219","content_text":"Cryptocurrency ethereum has outperformed bitcoin so far this year, and Morgan Stanley has given a number of reasons why.\nThe “alternative” crypto coin is up around 240% this year, while the world’s best-known cryptocurrency is up less than 38%.\nIt’s been a volatile few months in the crypto world,with bitcoin’s value peaking in April at around $65,000 before falling back to around $30,000, while ether peaked in May at around $4,000 and is now trading around $2,500.\nther is viewed as an alternative to bitcoin. Fans like it for a number of reasons including the fact it underpins many other cryptocurrencies, but it’s yet to be adopted by private institutions in the way that bitcoin has been.\nIt’s important to note that ether’s market cap is less than half that of bitcoin’s, but trading volumes for the smaller coin surged to $600 billion in May — 60% higher than bitcoin volumes, according to Morgan Stanley.\nThere are some key reasons for the outperformance of ether, according to the investment bank, which updated its views on crypto in a note last week.\nEnergy usage\nOne key factor to consider when looking at why ether is currently outperforming bitcoin is energy usage.\n“ETH is considered more ‘green’ than bitcoin,” Morgan Stanley strategist Sheena Shah and equity analysts James Faucette and Betsy Graseck wrote in the note.\nCrypto miners use purpose-built computers to solve complex mathematical equations that effectively enable a coin transaction to go through. The miners are rewarded for their efforts in whatever the coin is that they’re mining. However, the entire process, known as proof of work, is energy intensive because of the amount of power used by the computers.\nTo slash ether’s electricity usage, the Ethereum Foundation is transitioning its process for approving transactions to proof of stake instead of proof of work.\nIn theory, this means all someone will need to become a validator on the network is proof that they hold some ether, or a “stake.” Ultimately, it should remove the need for vast amounts of computing power needed to validate transactions and the Ethereum Foundation claims it will use more than 99.9% less energy than before.\n“Increasing worries about bitcoin’s energy usage made ether relatively more attractive as PoW doesn’t use as much energy to run, at the expense of the security of the transaction,” the Morgan Stanley experts wrote.\nIt’s worth noting there are other coins that already run on proof of stake networks, such as Cardano and Algorand.\nCoins could be destroyed\nEther also has a new “money supply plan” coming in July that will change the way miners are paid, and make ether scarcer.\n“An upgrade to the protocol is expected (called EIP-1559) where the fees that miners are currently paid (in ETH) will be ‘burned’ instead of being given to miners,” wrote the Morgan Stanley analysts. “ETH money supply will be destroyed, increasing its scarcity.”\nDecentralized finance\nOther cryptocurrencies beyond ether also rely on ethereum’s blockchain, which is a growing list of records, called blocks, that are linked together using cryptography.\nIndeed, the vast majority of so-called decentralized finance still runs on the ethereum blockchain, the Morgan Stanley analysts noted.\nBut new competitors are launching, and ethereum is no longer the go-to blockchain for cryptocurrency creators. “Most new coins opted to use an existing blockchain, which until a year ago was mostly ethereum,” said the analysts.\n“Ethereum transaction fees were rising quickly this year as more and more digital assets used the blockchain, hitting the limits of the way ethereum is currently set up to handle transactions,” they added.\nBinance, the world’s largest cryptocurrency exchange, built the Binance Smart Chain and made it relatively easy for creators of existing ethereum-based coins to port their coin to the BSC.\nBitcoin’s carbon footprint\nBitcoin has come under significant pressure in recent months amid a growing awareness of its energy usable.\nIt has a carbon footprint comparable to that of New Zealand, producing 36.95 megatons of CO2 annually, according to Digiconomist. This is a major cause for concern in countries around the world which are currently trying to cut their carbon emissions and mitigate climate change.\nTesla CEO Elon Musk said last month that his electric car company will stop accepting bitcoin as a form of payment because of environmental concerns, causing the price of bitcoin to drop 5% in a matter of minutes.Although, he said this week Tesla will start accepting bitcoin again as long as miners use more clean energy.\nMeanwhile China, which has some of the cheapest electricity in the world, is imposing strict new regulations on bitcoin mining. When the Chinese Communist Party said it would “crack down on bitcoin mining and trading behavior” in May the price of bitcoin fell 25% in a few days.\n“China’s crackdown seems tied to China’s newly stated efforts to reduce carbon emissions, with approximately two-thirds to three-quarters of bitcoin mining thought to be done in China, a substantial portion of which uses electricity from coal powered plants,” the analysts wrote.\nThey noted that bitcoin miners in the country are now in the process of moving elsewhere (to use other energy sources) or cashing out, which has not helped prices.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":161079090,"gmtCreate":1623898317010,"gmtModify":1703822956914,"author":{"id":"3583108662786037","authorId":"3583108662786037","name":"Laikv1982","avatar":"https://static.tigerbbs.com/c3c72c0ef23a3b19ee5748be015bd229","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3583108662786037","idStr":"3583108662786037"},"htmlText":"Good&nbsp;","listText":"Good&nbsp;","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/161079090","repostId":1152730219,"repostType":4,"repost":{"id":"1152730219","kind":"news","pubTimestamp":1623893214,"share":"https://ttm.financial/m/news/1152730219?lang=&edition=fundamental","pubTime":"2021-06-17 09:26","market":"fut","language":"en","title":"Ethereum is outperforming bitcoin. Morgan Stanley thinks it knows why","url":"https://stock-news.laohu8.com/highlight/detail?id=1152730219","media":"CNBC","summary":"Cryptocurrency ethereum has outperformed bitcoin so far this year, and Morgan Stanley has given a nu","content":"<div>\n<p>Cryptocurrency ethereum has outperformed bitcoin so far this year, and Morgan Stanley has given a number of reasons why.\nThe “alternative” crypto coin is up around 240% this year, while the world’s ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/17/ethereum-is-outperforming-bitcoin-morgan-stanley-thinks-it-knows-why.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Ethereum is outperforming bitcoin. Morgan Stanley thinks it knows why</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEthereum is outperforming bitcoin. Morgan Stanley thinks it knows why\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-17 09:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/17/ethereum-is-outperforming-bitcoin-morgan-stanley-thinks-it-knows-why.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Cryptocurrency ethereum has outperformed bitcoin so far this year, and Morgan Stanley has given a number of reasons why.\nThe “alternative” crypto coin is up around 240% this year, while the world’s ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/17/ethereum-is-outperforming-bitcoin-morgan-stanley-thinks-it-knows-why.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://www.cnbc.com/2021/06/17/ethereum-is-outperforming-bitcoin-morgan-stanley-thinks-it-knows-why.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1152730219","content_text":"Cryptocurrency ethereum has outperformed bitcoin so far this year, and Morgan Stanley has given a number of reasons why.\nThe “alternative” crypto coin is up around 240% this year, while the world’s best-known cryptocurrency is up less than 38%.\nIt’s been a volatile few months in the crypto world,with bitcoin’s value peaking in April at around $65,000 before falling back to around $30,000, while ether peaked in May at around $4,000 and is now trading around $2,500.\nther is viewed as an alternative to bitcoin. Fans like it for a number of reasons including the fact it underpins many other cryptocurrencies, but it’s yet to be adopted by private institutions in the way that bitcoin has been.\nIt’s important to note that ether’s market cap is less than half that of bitcoin’s, but trading volumes for the smaller coin surged to $600 billion in May — 60% higher than bitcoin volumes, according to Morgan Stanley.\nThere are some key reasons for the outperformance of ether, according to the investment bank, which updated its views on crypto in a note last week.\nEnergy usage\nOne key factor to consider when looking at why ether is currently outperforming bitcoin is energy usage.\n“ETH is considered more ‘green’ than bitcoin,” Morgan Stanley strategist Sheena Shah and equity analysts James Faucette and Betsy Graseck wrote in the note.\nCrypto miners use purpose-built computers to solve complex mathematical equations that effectively enable a coin transaction to go through. The miners are rewarded for their efforts in whatever the coin is that they’re mining. However, the entire process, known as proof of work, is energy intensive because of the amount of power used by the computers.\nTo slash ether’s electricity usage, the Ethereum Foundation is transitioning its process for approving transactions to proof of stake instead of proof of work.\nIn theory, this means all someone will need to become a validator on the network is proof that they hold some ether, or a “stake.” Ultimately, it should remove the need for vast amounts of computing power needed to validate transactions and the Ethereum Foundation claims it will use more than 99.9% less energy than before.\n“Increasing worries about bitcoin’s energy usage made ether relatively more attractive as PoW doesn’t use as much energy to run, at the expense of the security of the transaction,” the Morgan Stanley experts wrote.\nIt’s worth noting there are other coins that already run on proof of stake networks, such as Cardano and Algorand.\nCoins could be destroyed\nEther also has a new “money supply plan” coming in July that will change the way miners are paid, and make ether scarcer.\n“An upgrade to the protocol is expected (called EIP-1559) where the fees that miners are currently paid (in ETH) will be ‘burned’ instead of being given to miners,” wrote the Morgan Stanley analysts. “ETH money supply will be destroyed, increasing its scarcity.”\nDecentralized finance\nOther cryptocurrencies beyond ether also rely on ethereum’s blockchain, which is a growing list of records, called blocks, that are linked together using cryptography.\nIndeed, the vast majority of so-called decentralized finance still runs on the ethereum blockchain, the Morgan Stanley analysts noted.\nBut new competitors are launching, and ethereum is no longer the go-to blockchain for cryptocurrency creators. “Most new coins opted to use an existing blockchain, which until a year ago was mostly ethereum,” said the analysts.\n“Ethereum transaction fees were rising quickly this year as more and more digital assets used the blockchain, hitting the limits of the way ethereum is currently set up to handle transactions,” they added.\nBinance, the world’s largest cryptocurrency exchange, built the Binance Smart Chain and made it relatively easy for creators of existing ethereum-based coins to port their coin to the BSC.\nBitcoin’s carbon footprint\nBitcoin has come under significant pressure in recent months amid a growing awareness of its energy usable.\nIt has a carbon footprint comparable to that of New Zealand, producing 36.95 megatons of CO2 annually, according to Digiconomist. This is a major cause for concern in countries around the world which are currently trying to cut their carbon emissions and mitigate climate change.\nTesla CEO Elon Musk said last month that his electric car company will stop accepting bitcoin as a form of payment because of environmental concerns, causing the price of bitcoin to drop 5% in a matter of minutes.Although, he said this week Tesla will start accepting bitcoin again as long as miners use more clean energy.\nMeanwhile China, which has some of the cheapest electricity in the world, is imposing strict new regulations on bitcoin mining. When the Chinese Communist Party said it would “crack down on bitcoin mining and trading behavior” in May the price of bitcoin fell 25% in a few days.\n“China’s crackdown seems tied to China’s newly stated efforts to reduce carbon emissions, with approximately two-thirds to three-quarters of bitcoin mining thought to be done in China, a substantial portion of which uses electricity from coal powered plants,” the analysts wrote.\nThey noted that bitcoin miners in the country are now in the process of moving elsewhere (to use other energy sources) or cashing out, which has not helped prices.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":161039930,"gmtCreate":1623895788820,"gmtModify":1703822858279,"author":{"id":"3578876287370038","authorId":"3578876287370038","name":"Sanushks","avatar":"https://static.tigerbbs.com/79979e3e99c551c0a42857db491f804c","vip":1,"crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"3578876287370038","idStr":"3578876287370038"},"htmlText":"the article seems to suggest ETH will lose its value too","listText":"the article seems to suggest ETH will lose its value too","text":"the article seems to suggest ETH will lose its value too","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/161039930","repostId":1152730219,"repostType":4,"repost":{"id":"1152730219","kind":"news","pubTimestamp":1623893214,"share":"https://ttm.financial/m/news/1152730219?lang=&edition=fundamental","pubTime":"2021-06-17 09:26","market":"fut","language":"en","title":"Ethereum is outperforming bitcoin. Morgan Stanley thinks it knows why","url":"https://stock-news.laohu8.com/highlight/detail?id=1152730219","media":"CNBC","summary":"Cryptocurrency ethereum has outperformed bitcoin so far this year, and Morgan Stanley has given a nu","content":"<div>\n<p>Cryptocurrency ethereum has outperformed bitcoin so far this year, and Morgan Stanley has given a number of reasons why.\nThe “alternative” crypto coin is up around 240% this year, while the world’s ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/17/ethereum-is-outperforming-bitcoin-morgan-stanley-thinks-it-knows-why.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Ethereum is outperforming bitcoin. Morgan Stanley thinks it knows why</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEthereum is outperforming bitcoin. Morgan Stanley thinks it knows why\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-17 09:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/17/ethereum-is-outperforming-bitcoin-morgan-stanley-thinks-it-knows-why.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Cryptocurrency ethereum has outperformed bitcoin so far this year, and Morgan Stanley has given a number of reasons why.\nThe “alternative” crypto coin is up around 240% this year, while the world’s ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/17/ethereum-is-outperforming-bitcoin-morgan-stanley-thinks-it-knows-why.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://www.cnbc.com/2021/06/17/ethereum-is-outperforming-bitcoin-morgan-stanley-thinks-it-knows-why.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1152730219","content_text":"Cryptocurrency ethereum has outperformed bitcoin so far this year, and Morgan Stanley has given a number of reasons why.\nThe “alternative” crypto coin is up around 240% this year, while the world’s best-known cryptocurrency is up less than 38%.\nIt’s been a volatile few months in the crypto world,with bitcoin’s value peaking in April at around $65,000 before falling back to around $30,000, while ether peaked in May at around $4,000 and is now trading around $2,500.\nther is viewed as an alternative to bitcoin. Fans like it for a number of reasons including the fact it underpins many other cryptocurrencies, but it’s yet to be adopted by private institutions in the way that bitcoin has been.\nIt’s important to note that ether’s market cap is less than half that of bitcoin’s, but trading volumes for the smaller coin surged to $600 billion in May — 60% higher than bitcoin volumes, according to Morgan Stanley.\nThere are some key reasons for the outperformance of ether, according to the investment bank, which updated its views on crypto in a note last week.\nEnergy usage\nOne key factor to consider when looking at why ether is currently outperforming bitcoin is energy usage.\n“ETH is considered more ‘green’ than bitcoin,” Morgan Stanley strategist Sheena Shah and equity analysts James Faucette and Betsy Graseck wrote in the note.\nCrypto miners use purpose-built computers to solve complex mathematical equations that effectively enable a coin transaction to go through. The miners are rewarded for their efforts in whatever the coin is that they’re mining. However, the entire process, known as proof of work, is energy intensive because of the amount of power used by the computers.\nTo slash ether’s electricity usage, the Ethereum Foundation is transitioning its process for approving transactions to proof of stake instead of proof of work.\nIn theory, this means all someone will need to become a validator on the network is proof that they hold some ether, or a “stake.” Ultimately, it should remove the need for vast amounts of computing power needed to validate transactions and the Ethereum Foundation claims it will use more than 99.9% less energy than before.\n“Increasing worries about bitcoin’s energy usage made ether relatively more attractive as PoW doesn’t use as much energy to run, at the expense of the security of the transaction,” the Morgan Stanley experts wrote.\nIt’s worth noting there are other coins that already run on proof of stake networks, such as Cardano and Algorand.\nCoins could be destroyed\nEther also has a new “money supply plan” coming in July that will change the way miners are paid, and make ether scarcer.\n“An upgrade to the protocol is expected (called EIP-1559) where the fees that miners are currently paid (in ETH) will be ‘burned’ instead of being given to miners,” wrote the Morgan Stanley analysts. “ETH money supply will be destroyed, increasing its scarcity.”\nDecentralized finance\nOther cryptocurrencies beyond ether also rely on ethereum’s blockchain, which is a growing list of records, called blocks, that are linked together using cryptography.\nIndeed, the vast majority of so-called decentralized finance still runs on the ethereum blockchain, the Morgan Stanley analysts noted.\nBut new competitors are launching, and ethereum is no longer the go-to blockchain for cryptocurrency creators. “Most new coins opted to use an existing blockchain, which until a year ago was mostly ethereum,” said the analysts.\n“Ethereum transaction fees were rising quickly this year as more and more digital assets used the blockchain, hitting the limits of the way ethereum is currently set up to handle transactions,” they added.\nBinance, the world’s largest cryptocurrency exchange, built the Binance Smart Chain and made it relatively easy for creators of existing ethereum-based coins to port their coin to the BSC.\nBitcoin’s carbon footprint\nBitcoin has come under significant pressure in recent months amid a growing awareness of its energy usable.\nIt has a carbon footprint comparable to that of New Zealand, producing 36.95 megatons of CO2 annually, according to Digiconomist. This is a major cause for concern in countries around the world which are currently trying to cut their carbon emissions and mitigate climate change.\nTesla CEO Elon Musk said last month that his electric car company will stop accepting bitcoin as a form of payment because of environmental concerns, causing the price of bitcoin to drop 5% in a matter of minutes.Although, he said this week Tesla will start accepting bitcoin again as long as miners use more clean energy.\nMeanwhile China, which has some of the cheapest electricity in the world, is imposing strict new regulations on bitcoin mining. When the Chinese Communist Party said it would “crack down on bitcoin mining and trading behavior” in May the price of bitcoin fell 25% in a few days.\n“China’s crackdown seems tied to China’s newly stated efforts to reduce carbon emissions, with approximately two-thirds to three-quarters of bitcoin mining thought to be done in China, a substantial portion of which uses electricity from coal powered plants,” the analysts wrote.\nThey noted that bitcoin miners in the country are now in the process of moving elsewhere (to use other energy sources) or cashing out, which has not helped prices.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":161030191,"gmtCreate":1623895763113,"gmtModify":1703822857144,"author":{"id":"3550145701881142","authorId":"3550145701881142","name":"Skylar217","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3550145701881142","idStr":"3550145701881142"},"htmlText":"Like and comment","listText":"Like and comment","text":"Like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/161030191","repostId":1152730219,"repostType":4,"repost":{"id":"1152730219","kind":"news","pubTimestamp":1623893214,"share":"https://ttm.financial/m/news/1152730219?lang=&edition=fundamental","pubTime":"2021-06-17 09:26","market":"fut","language":"en","title":"Ethereum is outperforming bitcoin. Morgan Stanley thinks it knows why","url":"https://stock-news.laohu8.com/highlight/detail?id=1152730219","media":"CNBC","summary":"Cryptocurrency ethereum has outperformed bitcoin so far this year, and Morgan Stanley has given a nu","content":"<div>\n<p>Cryptocurrency ethereum has outperformed bitcoin so far this year, and Morgan Stanley has given a number of reasons why.\nThe “alternative” crypto coin is up around 240% this year, while the world’s ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/17/ethereum-is-outperforming-bitcoin-morgan-stanley-thinks-it-knows-why.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Ethereum is outperforming bitcoin. Morgan Stanley thinks it knows why</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEthereum is outperforming bitcoin. Morgan Stanley thinks it knows why\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-17 09:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/17/ethereum-is-outperforming-bitcoin-morgan-stanley-thinks-it-knows-why.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Cryptocurrency ethereum has outperformed bitcoin so far this year, and Morgan Stanley has given a number of reasons why.\nThe “alternative” crypto coin is up around 240% this year, while the world’s ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/17/ethereum-is-outperforming-bitcoin-morgan-stanley-thinks-it-knows-why.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://www.cnbc.com/2021/06/17/ethereum-is-outperforming-bitcoin-morgan-stanley-thinks-it-knows-why.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1152730219","content_text":"Cryptocurrency ethereum has outperformed bitcoin so far this year, and Morgan Stanley has given a number of reasons why.\nThe “alternative” crypto coin is up around 240% this year, while the world’s best-known cryptocurrency is up less than 38%.\nIt’s been a volatile few months in the crypto world,with bitcoin’s value peaking in April at around $65,000 before falling back to around $30,000, while ether peaked in May at around $4,000 and is now trading around $2,500.\nther is viewed as an alternative to bitcoin. Fans like it for a number of reasons including the fact it underpins many other cryptocurrencies, but it’s yet to be adopted by private institutions in the way that bitcoin has been.\nIt’s important to note that ether’s market cap is less than half that of bitcoin’s, but trading volumes for the smaller coin surged to $600 billion in May — 60% higher than bitcoin volumes, according to Morgan Stanley.\nThere are some key reasons for the outperformance of ether, according to the investment bank, which updated its views on crypto in a note last week.\nEnergy usage\nOne key factor to consider when looking at why ether is currently outperforming bitcoin is energy usage.\n“ETH is considered more ‘green’ than bitcoin,” Morgan Stanley strategist Sheena Shah and equity analysts James Faucette and Betsy Graseck wrote in the note.\nCrypto miners use purpose-built computers to solve complex mathematical equations that effectively enable a coin transaction to go through. The miners are rewarded for their efforts in whatever the coin is that they’re mining. However, the entire process, known as proof of work, is energy intensive because of the amount of power used by the computers.\nTo slash ether’s electricity usage, the Ethereum Foundation is transitioning its process for approving transactions to proof of stake instead of proof of work.\nIn theory, this means all someone will need to become a validator on the network is proof that they hold some ether, or a “stake.” Ultimately, it should remove the need for vast amounts of computing power needed to validate transactions and the Ethereum Foundation claims it will use more than 99.9% less energy than before.\n“Increasing worries about bitcoin’s energy usage made ether relatively more attractive as PoW doesn’t use as much energy to run, at the expense of the security of the transaction,” the Morgan Stanley experts wrote.\nIt’s worth noting there are other coins that already run on proof of stake networks, such as Cardano and Algorand.\nCoins could be destroyed\nEther also has a new “money supply plan” coming in July that will change the way miners are paid, and make ether scarcer.\n“An upgrade to the protocol is expected (called EIP-1559) where the fees that miners are currently paid (in ETH) will be ‘burned’ instead of being given to miners,” wrote the Morgan Stanley analysts. “ETH money supply will be destroyed, increasing its scarcity.”\nDecentralized finance\nOther cryptocurrencies beyond ether also rely on ethereum’s blockchain, which is a growing list of records, called blocks, that are linked together using cryptography.\nIndeed, the vast majority of so-called decentralized finance still runs on the ethereum blockchain, the Morgan Stanley analysts noted.\nBut new competitors are launching, and ethereum is no longer the go-to blockchain for cryptocurrency creators. “Most new coins opted to use an existing blockchain, which until a year ago was mostly ethereum,” said the analysts.\n“Ethereum transaction fees were rising quickly this year as more and more digital assets used the blockchain, hitting the limits of the way ethereum is currently set up to handle transactions,” they added.\nBinance, the world’s largest cryptocurrency exchange, built the Binance Smart Chain and made it relatively easy for creators of existing ethereum-based coins to port their coin to the BSC.\nBitcoin’s carbon footprint\nBitcoin has come under significant pressure in recent months amid a growing awareness of its energy usable.\nIt has a carbon footprint comparable to that of New Zealand, producing 36.95 megatons of CO2 annually, according to Digiconomist. This is a major cause for concern in countries around the world which are currently trying to cut their carbon emissions and mitigate climate change.\nTesla CEO Elon Musk said last month that his electric car company will stop accepting bitcoin as a form of payment because of environmental concerns, causing the price of bitcoin to drop 5% in a matter of minutes.Although, he said this week Tesla will start accepting bitcoin again as long as miners use more clean energy.\nMeanwhile China, which has some of the cheapest electricity in the world, is imposing strict new regulations on bitcoin mining. When the Chinese Communist Party said it would “crack down on bitcoin mining and trading behavior” in May the price of bitcoin fell 25% in a few days.\n“China’s crackdown seems tied to China’s newly stated efforts to reduce carbon emissions, with approximately two-thirds to three-quarters of bitcoin mining thought to be done in China, a substantial portion of which uses electricity from coal powered plants,” the analysts wrote.\nThey noted that bitcoin miners in the country are now in the process of moving elsewhere (to use other energy sources) or cashing out, which has not helped prices.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4830421,"gmtCreate":1623896794022,"gmtModify":1663229118044,"authorId":3550145701881142,"author":{"id":3550145701881142,"idStr":"3550145701881142","authorId":3550145701881142,"name":"Skylar217","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":161030191,"type":1,"supId":4830035,"prevId":0,"content":"Thanks","text":"Thanks","html":"Thanks"},{"id":4830035,"gmtCreate":1623895934558,"gmtModify":1663229115727,"authorId":3581956089914669,"author":{"id":3581956089914669,"idStr":"3581956089914669","authorId":3581956089914669,"name":"Graceong","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":161030191,"type":1,"supId":0,"prevId":0,"content":"Good","text":"Good","html":"Good"}],"langContent":"EN"},{"id":161095115,"gmtCreate":1623895658837,"gmtModify":1703822852929,"author":{"id":"3581849508907303","authorId":"3581849508907303","name":"Leotrader","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"3581849508907303","idStr":"3581849508907303"},"htmlText":"Ok duh","listText":"Ok duh","text":"Ok duh","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/161095115","repostId":1152730219,"repostType":4,"repost":{"id":"1152730219","kind":"news","pubTimestamp":1623893214,"share":"https://ttm.financial/m/news/1152730219?lang=&edition=fundamental","pubTime":"2021-06-17 09:26","market":"fut","language":"en","title":"Ethereum is outperforming bitcoin. Morgan Stanley thinks it knows why","url":"https://stock-news.laohu8.com/highlight/detail?id=1152730219","media":"CNBC","summary":"Cryptocurrency ethereum has outperformed bitcoin so far this year, and Morgan Stanley has given a nu","content":"<div>\n<p>Cryptocurrency ethereum has outperformed bitcoin so far this year, and Morgan Stanley has given a number of reasons why.\nThe “alternative” crypto coin is up around 240% this year, while the world’s ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/17/ethereum-is-outperforming-bitcoin-morgan-stanley-thinks-it-knows-why.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Ethereum is outperforming bitcoin. Morgan Stanley thinks it knows why</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEthereum is outperforming bitcoin. Morgan Stanley thinks it knows why\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-17 09:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/17/ethereum-is-outperforming-bitcoin-morgan-stanley-thinks-it-knows-why.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Cryptocurrency ethereum has outperformed bitcoin so far this year, and Morgan Stanley has given a number of reasons why.\nThe “alternative” crypto coin is up around 240% this year, while the world’s ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/17/ethereum-is-outperforming-bitcoin-morgan-stanley-thinks-it-knows-why.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://www.cnbc.com/2021/06/17/ethereum-is-outperforming-bitcoin-morgan-stanley-thinks-it-knows-why.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1152730219","content_text":"Cryptocurrency ethereum has outperformed bitcoin so far this year, and Morgan Stanley has given a number of reasons why.\nThe “alternative” crypto coin is up around 240% this year, while the world’s best-known cryptocurrency is up less than 38%.\nIt’s been a volatile few months in the crypto world,with bitcoin’s value peaking in April at around $65,000 before falling back to around $30,000, while ether peaked in May at around $4,000 and is now trading around $2,500.\nther is viewed as an alternative to bitcoin. Fans like it for a number of reasons including the fact it underpins many other cryptocurrencies, but it’s yet to be adopted by private institutions in the way that bitcoin has been.\nIt’s important to note that ether’s market cap is less than half that of bitcoin’s, but trading volumes for the smaller coin surged to $600 billion in May — 60% higher than bitcoin volumes, according to Morgan Stanley.\nThere are some key reasons for the outperformance of ether, according to the investment bank, which updated its views on crypto in a note last week.\nEnergy usage\nOne key factor to consider when looking at why ether is currently outperforming bitcoin is energy usage.\n“ETH is considered more ‘green’ than bitcoin,” Morgan Stanley strategist Sheena Shah and equity analysts James Faucette and Betsy Graseck wrote in the note.\nCrypto miners use purpose-built computers to solve complex mathematical equations that effectively enable a coin transaction to go through. The miners are rewarded for their efforts in whatever the coin is that they’re mining. However, the entire process, known as proof of work, is energy intensive because of the amount of power used by the computers.\nTo slash ether’s electricity usage, the Ethereum Foundation is transitioning its process for approving transactions to proof of stake instead of proof of work.\nIn theory, this means all someone will need to become a validator on the network is proof that they hold some ether, or a “stake.” Ultimately, it should remove the need for vast amounts of computing power needed to validate transactions and the Ethereum Foundation claims it will use more than 99.9% less energy than before.\n“Increasing worries about bitcoin’s energy usage made ether relatively more attractive as PoW doesn’t use as much energy to run, at the expense of the security of the transaction,” the Morgan Stanley experts wrote.\nIt’s worth noting there are other coins that already run on proof of stake networks, such as Cardano and Algorand.\nCoins could be destroyed\nEther also has a new “money supply plan” coming in July that will change the way miners are paid, and make ether scarcer.\n“An upgrade to the protocol is expected (called EIP-1559) where the fees that miners are currently paid (in ETH) will be ‘burned’ instead of being given to miners,” wrote the Morgan Stanley analysts. “ETH money supply will be destroyed, increasing its scarcity.”\nDecentralized finance\nOther cryptocurrencies beyond ether also rely on ethereum’s blockchain, which is a growing list of records, called blocks, that are linked together using cryptography.\nIndeed, the vast majority of so-called decentralized finance still runs on the ethereum blockchain, the Morgan Stanley analysts noted.\nBut new competitors are launching, and ethereum is no longer the go-to blockchain for cryptocurrency creators. “Most new coins opted to use an existing blockchain, which until a year ago was mostly ethereum,” said the analysts.\n“Ethereum transaction fees were rising quickly this year as more and more digital assets used the blockchain, hitting the limits of the way ethereum is currently set up to handle transactions,” they added.\nBinance, the world’s largest cryptocurrency exchange, built the Binance Smart Chain and made it relatively easy for creators of existing ethereum-based coins to port their coin to the BSC.\nBitcoin’s carbon footprint\nBitcoin has come under significant pressure in recent months amid a growing awareness of its energy usable.\nIt has a carbon footprint comparable to that of New Zealand, producing 36.95 megatons of CO2 annually, according to Digiconomist. This is a major cause for concern in countries around the world which are currently trying to cut their carbon emissions and mitigate climate change.\nTesla CEO Elon Musk said last month that his electric car company will stop accepting bitcoin as a form of payment because of environmental concerns, causing the price of bitcoin to drop 5% in a matter of minutes.Although, he said this week Tesla will start accepting bitcoin again as long as miners use more clean energy.\nMeanwhile China, which has some of the cheapest electricity in the world, is imposing strict new regulations on bitcoin mining. When the Chinese Communist Party said it would “crack down on bitcoin mining and trading behavior” in May the price of bitcoin fell 25% in a few days.\n“China’s crackdown seems tied to China’s newly stated efforts to reduce carbon emissions, with approximately two-thirds to three-quarters of bitcoin mining thought to be done in China, a substantial portion of which uses electricity from coal powered plants,” the analysts wrote.\nThey noted that bitcoin miners in the country are now in the process of moving elsewhere (to use other energy sources) or cashing out, which has not helped prices.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":161099436,"gmtCreate":1623895471025,"gmtModify":1703822845613,"author":{"id":"3569201875498781","authorId":"3569201875498781","name":"traderbob","avatar":"https://static.tigerbbs.com/60e14b34ed325f8a40680b279c49acc6","vip":1,"crmLevel":3,"crmLevelSwitch":0,"authorIdStr":"3569201875498781","idStr":"3569201875498781"},"htmlText":"Cool","listText":"Cool","text":"Cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/161099436","repostId":1152730219,"repostType":4,"repost":{"id":"1152730219","kind":"news","pubTimestamp":1623893214,"share":"https://ttm.financial/m/news/1152730219?lang=&edition=fundamental","pubTime":"2021-06-17 09:26","market":"fut","language":"en","title":"Ethereum is outperforming bitcoin. Morgan Stanley thinks it knows why","url":"https://stock-news.laohu8.com/highlight/detail?id=1152730219","media":"CNBC","summary":"Cryptocurrency ethereum has outperformed bitcoin so far this year, and Morgan Stanley has given a nu","content":"<div>\n<p>Cryptocurrency ethereum has outperformed bitcoin so far this year, and Morgan Stanley has given a number of reasons why.\nThe “alternative” crypto coin is up around 240% this year, while the world’s ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/17/ethereum-is-outperforming-bitcoin-morgan-stanley-thinks-it-knows-why.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Ethereum is outperforming bitcoin. Morgan Stanley thinks it knows why</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEthereum is outperforming bitcoin. Morgan Stanley thinks it knows why\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-17 09:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/17/ethereum-is-outperforming-bitcoin-morgan-stanley-thinks-it-knows-why.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Cryptocurrency ethereum has outperformed bitcoin so far this year, and Morgan Stanley has given a number of reasons why.\nThe “alternative” crypto coin is up around 240% this year, while the world’s ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/17/ethereum-is-outperforming-bitcoin-morgan-stanley-thinks-it-knows-why.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://www.cnbc.com/2021/06/17/ethereum-is-outperforming-bitcoin-morgan-stanley-thinks-it-knows-why.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1152730219","content_text":"Cryptocurrency ethereum has outperformed bitcoin so far this year, and Morgan Stanley has given a number of reasons why.\nThe “alternative” crypto coin is up around 240% this year, while the world’s best-known cryptocurrency is up less than 38%.\nIt’s been a volatile few months in the crypto world,with bitcoin’s value peaking in April at around $65,000 before falling back to around $30,000, while ether peaked in May at around $4,000 and is now trading around $2,500.\nther is viewed as an alternative to bitcoin. Fans like it for a number of reasons including the fact it underpins many other cryptocurrencies, but it’s yet to be adopted by private institutions in the way that bitcoin has been.\nIt’s important to note that ether’s market cap is less than half that of bitcoin’s, but trading volumes for the smaller coin surged to $600 billion in May — 60% higher than bitcoin volumes, according to Morgan Stanley.\nThere are some key reasons for the outperformance of ether, according to the investment bank, which updated its views on crypto in a note last week.\nEnergy usage\nOne key factor to consider when looking at why ether is currently outperforming bitcoin is energy usage.\n“ETH is considered more ‘green’ than bitcoin,” Morgan Stanley strategist Sheena Shah and equity analysts James Faucette and Betsy Graseck wrote in the note.\nCrypto miners use purpose-built computers to solve complex mathematical equations that effectively enable a coin transaction to go through. The miners are rewarded for their efforts in whatever the coin is that they’re mining. However, the entire process, known as proof of work, is energy intensive because of the amount of power used by the computers.\nTo slash ether’s electricity usage, the Ethereum Foundation is transitioning its process for approving transactions to proof of stake instead of proof of work.\nIn theory, this means all someone will need to become a validator on the network is proof that they hold some ether, or a “stake.” Ultimately, it should remove the need for vast amounts of computing power needed to validate transactions and the Ethereum Foundation claims it will use more than 99.9% less energy than before.\n“Increasing worries about bitcoin’s energy usage made ether relatively more attractive as PoW doesn’t use as much energy to run, at the expense of the security of the transaction,” the Morgan Stanley experts wrote.\nIt’s worth noting there are other coins that already run on proof of stake networks, such as Cardano and Algorand.\nCoins could be destroyed\nEther also has a new “money supply plan” coming in July that will change the way miners are paid, and make ether scarcer.\n“An upgrade to the protocol is expected (called EIP-1559) where the fees that miners are currently paid (in ETH) will be ‘burned’ instead of being given to miners,” wrote the Morgan Stanley analysts. “ETH money supply will be destroyed, increasing its scarcity.”\nDecentralized finance\nOther cryptocurrencies beyond ether also rely on ethereum’s blockchain, which is a growing list of records, called blocks, that are linked together using cryptography.\nIndeed, the vast majority of so-called decentralized finance still runs on the ethereum blockchain, the Morgan Stanley analysts noted.\nBut new competitors are launching, and ethereum is no longer the go-to blockchain for cryptocurrency creators. “Most new coins opted to use an existing blockchain, which until a year ago was mostly ethereum,” said the analysts.\n“Ethereum transaction fees were rising quickly this year as more and more digital assets used the blockchain, hitting the limits of the way ethereum is currently set up to handle transactions,” they added.\nBinance, the world’s largest cryptocurrency exchange, built the Binance Smart Chain and made it relatively easy for creators of existing ethereum-based coins to port their coin to the BSC.\nBitcoin’s carbon footprint\nBitcoin has come under significant pressure in recent months amid a growing awareness of its energy usable.\nIt has a carbon footprint comparable to that of New Zealand, producing 36.95 megatons of CO2 annually, according to Digiconomist. This is a major cause for concern in countries around the world which are currently trying to cut their carbon emissions and mitigate climate change.\nTesla CEO Elon Musk said last month that his electric car company will stop accepting bitcoin as a form of payment because of environmental concerns, causing the price of bitcoin to drop 5% in a matter of minutes.Although, he said this week Tesla will start accepting bitcoin again as long as miners use more clean energy.\nMeanwhile China, which has some of the cheapest electricity in the world, is imposing strict new regulations on bitcoin mining. When the Chinese Communist Party said it would “crack down on bitcoin mining and trading behavior” in May the price of bitcoin fell 25% in a few days.\n“China’s crackdown seems tied to China’s newly stated efforts to reduce carbon emissions, with approximately two-thirds to three-quarters of bitcoin mining thought to be done in China, a substantial portion of which uses electricity from coal powered plants,” the analysts wrote.\nThey noted that bitcoin miners in the country are now in the process of moving elsewhere (to use other energy sources) or cashing out, which has not helped prices.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":161007683,"gmtCreate":1623895384342,"gmtModify":1703822842676,"author":{"id":"3568965050760713","authorId":"3568965050760713","name":"TK63","avatar":"https://static.tigerbbs.com/a4080eac72045136aac680a580145aba","vip":1,"crmLevel":6,"crmLevelSwitch":0,"authorIdStr":"3568965050760713","idStr":"3568965050760713"},"htmlText":"Like it","listText":"Like it","text":"Like it","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/161007683","repostId":1152730219,"repostType":4,"repost":{"id":"1152730219","kind":"news","pubTimestamp":1623893214,"share":"https://ttm.financial/m/news/1152730219?lang=&edition=fundamental","pubTime":"2021-06-17 09:26","market":"fut","language":"en","title":"Ethereum is outperforming bitcoin. Morgan Stanley thinks it knows why","url":"https://stock-news.laohu8.com/highlight/detail?id=1152730219","media":"CNBC","summary":"Cryptocurrency ethereum has outperformed bitcoin so far this year, and Morgan Stanley has given a nu","content":"<div>\n<p>Cryptocurrency ethereum has outperformed bitcoin so far this year, and Morgan Stanley has given a number of reasons why.\nThe “alternative” crypto coin is up around 240% this year, while the world’s ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/17/ethereum-is-outperforming-bitcoin-morgan-stanley-thinks-it-knows-why.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Ethereum is outperforming bitcoin. Morgan Stanley thinks it knows why</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEthereum is outperforming bitcoin. Morgan Stanley thinks it knows why\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-17 09:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/17/ethereum-is-outperforming-bitcoin-morgan-stanley-thinks-it-knows-why.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Cryptocurrency ethereum has outperformed bitcoin so far this year, and Morgan Stanley has given a number of reasons why.\nThe “alternative” crypto coin is up around 240% this year, while the world’s ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/17/ethereum-is-outperforming-bitcoin-morgan-stanley-thinks-it-knows-why.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://www.cnbc.com/2021/06/17/ethereum-is-outperforming-bitcoin-morgan-stanley-thinks-it-knows-why.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1152730219","content_text":"Cryptocurrency ethereum has outperformed bitcoin so far this year, and Morgan Stanley has given a number of reasons why.\nThe “alternative” crypto coin is up around 240% this year, while the world’s best-known cryptocurrency is up less than 38%.\nIt’s been a volatile few months in the crypto world,with bitcoin’s value peaking in April at around $65,000 before falling back to around $30,000, while ether peaked in May at around $4,000 and is now trading around $2,500.\nther is viewed as an alternative to bitcoin. Fans like it for a number of reasons including the fact it underpins many other cryptocurrencies, but it’s yet to be adopted by private institutions in the way that bitcoin has been.\nIt’s important to note that ether’s market cap is less than half that of bitcoin’s, but trading volumes for the smaller coin surged to $600 billion in May — 60% higher than bitcoin volumes, according to Morgan Stanley.\nThere are some key reasons for the outperformance of ether, according to the investment bank, which updated its views on crypto in a note last week.\nEnergy usage\nOne key factor to consider when looking at why ether is currently outperforming bitcoin is energy usage.\n“ETH is considered more ‘green’ than bitcoin,” Morgan Stanley strategist Sheena Shah and equity analysts James Faucette and Betsy Graseck wrote in the note.\nCrypto miners use purpose-built computers to solve complex mathematical equations that effectively enable a coin transaction to go through. The miners are rewarded for their efforts in whatever the coin is that they’re mining. However, the entire process, known as proof of work, is energy intensive because of the amount of power used by the computers.\nTo slash ether’s electricity usage, the Ethereum Foundation is transitioning its process for approving transactions to proof of stake instead of proof of work.\nIn theory, this means all someone will need to become a validator on the network is proof that they hold some ether, or a “stake.” Ultimately, it should remove the need for vast amounts of computing power needed to validate transactions and the Ethereum Foundation claims it will use more than 99.9% less energy than before.\n“Increasing worries about bitcoin’s energy usage made ether relatively more attractive as PoW doesn’t use as much energy to run, at the expense of the security of the transaction,” the Morgan Stanley experts wrote.\nIt’s worth noting there are other coins that already run on proof of stake networks, such as Cardano and Algorand.\nCoins could be destroyed\nEther also has a new “money supply plan” coming in July that will change the way miners are paid, and make ether scarcer.\n“An upgrade to the protocol is expected (called EIP-1559) where the fees that miners are currently paid (in ETH) will be ‘burned’ instead of being given to miners,” wrote the Morgan Stanley analysts. “ETH money supply will be destroyed, increasing its scarcity.”\nDecentralized finance\nOther cryptocurrencies beyond ether also rely on ethereum’s blockchain, which is a growing list of records, called blocks, that are linked together using cryptography.\nIndeed, the vast majority of so-called decentralized finance still runs on the ethereum blockchain, the Morgan Stanley analysts noted.\nBut new competitors are launching, and ethereum is no longer the go-to blockchain for cryptocurrency creators. “Most new coins opted to use an existing blockchain, which until a year ago was mostly ethereum,” said the analysts.\n“Ethereum transaction fees were rising quickly this year as more and more digital assets used the blockchain, hitting the limits of the way ethereum is currently set up to handle transactions,” they added.\nBinance, the world’s largest cryptocurrency exchange, built the Binance Smart Chain and made it relatively easy for creators of existing ethereum-based coins to port their coin to the BSC.\nBitcoin’s carbon footprint\nBitcoin has come under significant pressure in recent months amid a growing awareness of its energy usable.\nIt has a carbon footprint comparable to that of New Zealand, producing 36.95 megatons of CO2 annually, according to Digiconomist. This is a major cause for concern in countries around the world which are currently trying to cut their carbon emissions and mitigate climate change.\nTesla CEO Elon Musk said last month that his electric car company will stop accepting bitcoin as a form of payment because of environmental concerns, causing the price of bitcoin to drop 5% in a matter of minutes.Although, he said this week Tesla will start accepting bitcoin again as long as miners use more clean energy.\nMeanwhile China, which has some of the cheapest electricity in the world, is imposing strict new regulations on bitcoin mining. When the Chinese Communist Party said it would “crack down on bitcoin mining and trading behavior” in May the price of bitcoin fell 25% in a few days.\n“China’s crackdown seems tied to China’s newly stated efforts to reduce carbon emissions, with approximately two-thirds to three-quarters of bitcoin mining thought to be done in China, a substantial portion of which uses electricity from coal powered plants,” the analysts wrote.\nThey noted that bitcoin miners in the country are now in the process of moving elsewhere (to use other energy sources) or cashing out, which has not helped prices.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4829940,"gmtCreate":1623895754671,"gmtModify":1663229114934,"authorId":3550145701881142,"author":{"id":3550145701881142,"idStr":"3550145701881142","authorId":3550145701881142,"name":"Skylar217","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":161007683,"type":1,"supId":0,"prevId":0,"content":"Like and comment","text":"Like and comment","html":"Like and comment"}],"langContent":"EN"},{"id":161004592,"gmtCreate":1623895363216,"gmtModify":1703822841222,"author":{"id":"3586331180219782","authorId":"3586331180219782","name":"cl1689","avatar":"https://static.tigerbbs.com/636fa6ba9943341efa89c9aee3be1a5b","vip":1,"crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"3586331180219782","idStr":"3586331180219782"},"htmlText":"Pls like","listText":"Pls like","text":"Pls like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/161004592","repostId":1152730219,"repostType":4,"repost":{"id":"1152730219","kind":"news","pubTimestamp":1623893214,"share":"https://ttm.financial/m/news/1152730219?lang=&edition=fundamental","pubTime":"2021-06-17 09:26","market":"fut","language":"en","title":"Ethereum is outperforming bitcoin. Morgan Stanley thinks it knows why","url":"https://stock-news.laohu8.com/highlight/detail?id=1152730219","media":"CNBC","summary":"Cryptocurrency ethereum has outperformed bitcoin so far this year, and Morgan Stanley has given a nu","content":"<div>\n<p>Cryptocurrency ethereum has outperformed bitcoin so far this year, and Morgan Stanley has given a number of reasons why.\nThe “alternative” crypto coin is up around 240% this year, while the world’s ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/17/ethereum-is-outperforming-bitcoin-morgan-stanley-thinks-it-knows-why.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Ethereum is outperforming bitcoin. Morgan Stanley thinks it knows why</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEthereum is outperforming bitcoin. Morgan Stanley thinks it knows why\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-17 09:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/17/ethereum-is-outperforming-bitcoin-morgan-stanley-thinks-it-knows-why.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Cryptocurrency ethereum has outperformed bitcoin so far this year, and Morgan Stanley has given a number of reasons why.\nThe “alternative” crypto coin is up around 240% this year, while the world’s ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/17/ethereum-is-outperforming-bitcoin-morgan-stanley-thinks-it-knows-why.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://www.cnbc.com/2021/06/17/ethereum-is-outperforming-bitcoin-morgan-stanley-thinks-it-knows-why.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1152730219","content_text":"Cryptocurrency ethereum has outperformed bitcoin so far this year, and Morgan Stanley has given a number of reasons why.\nThe “alternative” crypto coin is up around 240% this year, while the world’s best-known cryptocurrency is up less than 38%.\nIt’s been a volatile few months in the crypto world,with bitcoin’s value peaking in April at around $65,000 before falling back to around $30,000, while ether peaked in May at around $4,000 and is now trading around $2,500.\nther is viewed as an alternative to bitcoin. Fans like it for a number of reasons including the fact it underpins many other cryptocurrencies, but it’s yet to be adopted by private institutions in the way that bitcoin has been.\nIt’s important to note that ether’s market cap is less than half that of bitcoin’s, but trading volumes for the smaller coin surged to $600 billion in May — 60% higher than bitcoin volumes, according to Morgan Stanley.\nThere are some key reasons for the outperformance of ether, according to the investment bank, which updated its views on crypto in a note last week.\nEnergy usage\nOne key factor to consider when looking at why ether is currently outperforming bitcoin is energy usage.\n“ETH is considered more ‘green’ than bitcoin,” Morgan Stanley strategist Sheena Shah and equity analysts James Faucette and Betsy Graseck wrote in the note.\nCrypto miners use purpose-built computers to solve complex mathematical equations that effectively enable a coin transaction to go through. The miners are rewarded for their efforts in whatever the coin is that they’re mining. However, the entire process, known as proof of work, is energy intensive because of the amount of power used by the computers.\nTo slash ether’s electricity usage, the Ethereum Foundation is transitioning its process for approving transactions to proof of stake instead of proof of work.\nIn theory, this means all someone will need to become a validator on the network is proof that they hold some ether, or a “stake.” Ultimately, it should remove the need for vast amounts of computing power needed to validate transactions and the Ethereum Foundation claims it will use more than 99.9% less energy than before.\n“Increasing worries about bitcoin’s energy usage made ether relatively more attractive as PoW doesn’t use as much energy to run, at the expense of the security of the transaction,” the Morgan Stanley experts wrote.\nIt’s worth noting there are other coins that already run on proof of stake networks, such as Cardano and Algorand.\nCoins could be destroyed\nEther also has a new “money supply plan” coming in July that will change the way miners are paid, and make ether scarcer.\n“An upgrade to the protocol is expected (called EIP-1559) where the fees that miners are currently paid (in ETH) will be ‘burned’ instead of being given to miners,” wrote the Morgan Stanley analysts. “ETH money supply will be destroyed, increasing its scarcity.”\nDecentralized finance\nOther cryptocurrencies beyond ether also rely on ethereum’s blockchain, which is a growing list of records, called blocks, that are linked together using cryptography.\nIndeed, the vast majority of so-called decentralized finance still runs on the ethereum blockchain, the Morgan Stanley analysts noted.\nBut new competitors are launching, and ethereum is no longer the go-to blockchain for cryptocurrency creators. “Most new coins opted to use an existing blockchain, which until a year ago was mostly ethereum,” said the analysts.\n“Ethereum transaction fees were rising quickly this year as more and more digital assets used the blockchain, hitting the limits of the way ethereum is currently set up to handle transactions,” they added.\nBinance, the world’s largest cryptocurrency exchange, built the Binance Smart Chain and made it relatively easy for creators of existing ethereum-based coins to port their coin to the BSC.\nBitcoin’s carbon footprint\nBitcoin has come under significant pressure in recent months amid a growing awareness of its energy usable.\nIt has a carbon footprint comparable to that of New Zealand, producing 36.95 megatons of CO2 annually, according to Digiconomist. This is a major cause for concern in countries around the world which are currently trying to cut their carbon emissions and mitigate climate change.\nTesla CEO Elon Musk said last month that his electric car company will stop accepting bitcoin as a form of payment because of environmental concerns, causing the price of bitcoin to drop 5% in a matter of minutes.Although, he said this week Tesla will start accepting bitcoin again as long as miners use more clean energy.\nMeanwhile China, which has some of the cheapest electricity in the world, is imposing strict new regulations on bitcoin mining. When the Chinese Communist Party said it would “crack down on bitcoin mining and trading behavior” in May the price of bitcoin fell 25% in a few days.\n“China’s crackdown seems tied to China’s newly stated efforts to reduce carbon emissions, with approximately two-thirds to three-quarters of bitcoin mining thought to be done in China, a substantial portion of which uses electricity from coal powered plants,” the analysts wrote.\nThey noted that bitcoin miners in the country are now in the process of moving elsewhere (to use other energy sources) or cashing out, which has not helped prices.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":161000348,"gmtCreate":1623895098484,"gmtModify":1703822832969,"author":{"id":"3568465315215545","authorId":"3568465315215545","name":"Hunter88","avatar":"https://static.tigerbbs.com/86703ca12fc27292ee7240b13fa4e166","vip":1,"crmLevel":7,"crmLevelSwitch":0,"authorIdStr":"3568465315215545","idStr":"3568465315215545"},"htmlText":"Pls like &amp; comment&nbsp;","listText":"Pls like &amp; comment&nbsp;","text":"Pls like & comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/161000348","repostId":1152730219,"repostType":4,"repost":{"id":"1152730219","kind":"news","pubTimestamp":1623893214,"share":"https://ttm.financial/m/news/1152730219?lang=&edition=fundamental","pubTime":"2021-06-17 09:26","market":"fut","language":"en","title":"Ethereum is outperforming bitcoin. Morgan Stanley thinks it knows why","url":"https://stock-news.laohu8.com/highlight/detail?id=1152730219","media":"CNBC","summary":"Cryptocurrency ethereum has outperformed bitcoin so far this year, and Morgan Stanley has given a nu","content":"<div>\n<p>Cryptocurrency ethereum has outperformed bitcoin so far this year, and Morgan Stanley has given a number of reasons why.\nThe “alternative” crypto coin is up around 240% this year, while the world’s ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/17/ethereum-is-outperforming-bitcoin-morgan-stanley-thinks-it-knows-why.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Ethereum is outperforming bitcoin. Morgan Stanley thinks it knows why</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEthereum is outperforming bitcoin. Morgan Stanley thinks it knows why\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-17 09:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/17/ethereum-is-outperforming-bitcoin-morgan-stanley-thinks-it-knows-why.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Cryptocurrency ethereum has outperformed bitcoin so far this year, and Morgan Stanley has given a number of reasons why.\nThe “alternative” crypto coin is up around 240% this year, while the world’s ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/17/ethereum-is-outperforming-bitcoin-morgan-stanley-thinks-it-knows-why.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://www.cnbc.com/2021/06/17/ethereum-is-outperforming-bitcoin-morgan-stanley-thinks-it-knows-why.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1152730219","content_text":"Cryptocurrency ethereum has outperformed bitcoin so far this year, and Morgan Stanley has given a number of reasons why.\nThe “alternative” crypto coin is up around 240% this year, while the world’s best-known cryptocurrency is up less than 38%.\nIt’s been a volatile few months in the crypto world,with bitcoin’s value peaking in April at around $65,000 before falling back to around $30,000, while ether peaked in May at around $4,000 and is now trading around $2,500.\nther is viewed as an alternative to bitcoin. Fans like it for a number of reasons including the fact it underpins many other cryptocurrencies, but it’s yet to be adopted by private institutions in the way that bitcoin has been.\nIt’s important to note that ether’s market cap is less than half that of bitcoin’s, but trading volumes for the smaller coin surged to $600 billion in May — 60% higher than bitcoin volumes, according to Morgan Stanley.\nThere are some key reasons for the outperformance of ether, according to the investment bank, which updated its views on crypto in a note last week.\nEnergy usage\nOne key factor to consider when looking at why ether is currently outperforming bitcoin is energy usage.\n“ETH is considered more ‘green’ than bitcoin,” Morgan Stanley strategist Sheena Shah and equity analysts James Faucette and Betsy Graseck wrote in the note.\nCrypto miners use purpose-built computers to solve complex mathematical equations that effectively enable a coin transaction to go through. The miners are rewarded for their efforts in whatever the coin is that they’re mining. However, the entire process, known as proof of work, is energy intensive because of the amount of power used by the computers.\nTo slash ether’s electricity usage, the Ethereum Foundation is transitioning its process for approving transactions to proof of stake instead of proof of work.\nIn theory, this means all someone will need to become a validator on the network is proof that they hold some ether, or a “stake.” Ultimately, it should remove the need for vast amounts of computing power needed to validate transactions and the Ethereum Foundation claims it will use more than 99.9% less energy than before.\n“Increasing worries about bitcoin’s energy usage made ether relatively more attractive as PoW doesn’t use as much energy to run, at the expense of the security of the transaction,” the Morgan Stanley experts wrote.\nIt’s worth noting there are other coins that already run on proof of stake networks, such as Cardano and Algorand.\nCoins could be destroyed\nEther also has a new “money supply plan” coming in July that will change the way miners are paid, and make ether scarcer.\n“An upgrade to the protocol is expected (called EIP-1559) where the fees that miners are currently paid (in ETH) will be ‘burned’ instead of being given to miners,” wrote the Morgan Stanley analysts. “ETH money supply will be destroyed, increasing its scarcity.”\nDecentralized finance\nOther cryptocurrencies beyond ether also rely on ethereum’s blockchain, which is a growing list of records, called blocks, that are linked together using cryptography.\nIndeed, the vast majority of so-called decentralized finance still runs on the ethereum blockchain, the Morgan Stanley analysts noted.\nBut new competitors are launching, and ethereum is no longer the go-to blockchain for cryptocurrency creators. “Most new coins opted to use an existing blockchain, which until a year ago was mostly ethereum,” said the analysts.\n“Ethereum transaction fees were rising quickly this year as more and more digital assets used the blockchain, hitting the limits of the way ethereum is currently set up to handle transactions,” they added.\nBinance, the world’s largest cryptocurrency exchange, built the Binance Smart Chain and made it relatively easy for creators of existing ethereum-based coins to port their coin to the BSC.\nBitcoin’s carbon footprint\nBitcoin has come under significant pressure in recent months amid a growing awareness of its energy usable.\nIt has a carbon footprint comparable to that of New Zealand, producing 36.95 megatons of CO2 annually, according to Digiconomist. This is a major cause for concern in countries around the world which are currently trying to cut their carbon emissions and mitigate climate change.\nTesla CEO Elon Musk said last month that his electric car company will stop accepting bitcoin as a form of payment because of environmental concerns, causing the price of bitcoin to drop 5% in a matter of minutes.Although, he said this week Tesla will start accepting bitcoin again as long as miners use more clean energy.\nMeanwhile China, which has some of the cheapest electricity in the world, is imposing strict new regulations on bitcoin mining. When the Chinese Communist Party said it would “crack down on bitcoin mining and trading behavior” in May the price of bitcoin fell 25% in a few days.\n“China’s crackdown seems tied to China’s newly stated efforts to reduce carbon emissions, with approximately two-thirds to three-quarters of bitcoin mining thought to be done in China, a substantial portion of which uses electricity from coal powered plants,” the analysts wrote.\nThey noted that bitcoin miners in the country are now in the process of moving elsewhere (to use other energy sources) or cashing out, which has not helped prices.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4829870,"gmtCreate":1623895623381,"gmtModify":1663229115628,"authorId":3581849508907303,"author":{"id":3581849508907303,"idStr":"3581849508907303","authorId":3581849508907303,"name":"Leotrader","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":161000348,"type":1,"supId":0,"prevId":0,"content":"ok sure!","text":"ok sure!","html":"ok sure!"},{"id":4829681,"gmtCreate":1623895198527,"gmtModify":1635314573645,"authorId":3582972798563668,"author":{"id":3582972798563668,"idStr":"3582972798563668","authorId":3582972798563668,"name":"JS64","avatar":"https://static.tigerbbs.com/ad519f92a203874c41d7d11080b13d18","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":161000348,"type":1,"supId":0,"prevId":0,"content":"Here u go","text":"Here u go","html":"Here u go"}],"langContent":"EN"},{"id":163773869,"gmtCreate":1623894873351,"gmtModify":1703822819652,"author":{"id":"3586955955852579","authorId":"3586955955852579","name":"Timosabe","avatar":"https://static.tigerbbs.com/f32cd2f5d87cbd5db6a37e24df9d47b3","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3586955955852579","idStr":"3586955955852579"},"htmlText":"Bullish :)&nbsp;","listText":"Bullish :)&nbsp;","text":"Bullish :)","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/163773869","repostId":1152730219,"repostType":4,"repost":{"id":"1152730219","kind":"news","pubTimestamp":1623893214,"share":"https://ttm.financial/m/news/1152730219?lang=&edition=fundamental","pubTime":"2021-06-17 09:26","market":"fut","language":"en","title":"Ethereum is outperforming bitcoin. Morgan Stanley thinks it knows why","url":"https://stock-news.laohu8.com/highlight/detail?id=1152730219","media":"CNBC","summary":"Cryptocurrency ethereum has outperformed bitcoin so far this year, and Morgan Stanley has given a nu","content":"<div>\n<p>Cryptocurrency ethereum has outperformed bitcoin so far this year, and Morgan Stanley has given a number of reasons why.\nThe “alternative” crypto coin is up around 240% this year, while the world’s ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/17/ethereum-is-outperforming-bitcoin-morgan-stanley-thinks-it-knows-why.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Ethereum is outperforming bitcoin. Morgan Stanley thinks it knows why</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEthereum is outperforming bitcoin. Morgan Stanley thinks it knows why\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-17 09:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/17/ethereum-is-outperforming-bitcoin-morgan-stanley-thinks-it-knows-why.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Cryptocurrency ethereum has outperformed bitcoin so far this year, and Morgan Stanley has given a number of reasons why.\nThe “alternative” crypto coin is up around 240% this year, while the world’s ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/17/ethereum-is-outperforming-bitcoin-morgan-stanley-thinks-it-knows-why.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://www.cnbc.com/2021/06/17/ethereum-is-outperforming-bitcoin-morgan-stanley-thinks-it-knows-why.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1152730219","content_text":"Cryptocurrency ethereum has outperformed bitcoin so far this year, and Morgan Stanley has given a number of reasons why.\nThe “alternative” crypto coin is up around 240% this year, while the world’s best-known cryptocurrency is up less than 38%.\nIt’s been a volatile few months in the crypto world,with bitcoin’s value peaking in April at around $65,000 before falling back to around $30,000, while ether peaked in May at around $4,000 and is now trading around $2,500.\nther is viewed as an alternative to bitcoin. Fans like it for a number of reasons including the fact it underpins many other cryptocurrencies, but it’s yet to be adopted by private institutions in the way that bitcoin has been.\nIt’s important to note that ether’s market cap is less than half that of bitcoin’s, but trading volumes for the smaller coin surged to $600 billion in May — 60% higher than bitcoin volumes, according to Morgan Stanley.\nThere are some key reasons for the outperformance of ether, according to the investment bank, which updated its views on crypto in a note last week.\nEnergy usage\nOne key factor to consider when looking at why ether is currently outperforming bitcoin is energy usage.\n“ETH is considered more ‘green’ than bitcoin,” Morgan Stanley strategist Sheena Shah and equity analysts James Faucette and Betsy Graseck wrote in the note.\nCrypto miners use purpose-built computers to solve complex mathematical equations that effectively enable a coin transaction to go through. The miners are rewarded for their efforts in whatever the coin is that they’re mining. However, the entire process, known as proof of work, is energy intensive because of the amount of power used by the computers.\nTo slash ether’s electricity usage, the Ethereum Foundation is transitioning its process for approving transactions to proof of stake instead of proof of work.\nIn theory, this means all someone will need to become a validator on the network is proof that they hold some ether, or a “stake.” Ultimately, it should remove the need for vast amounts of computing power needed to validate transactions and the Ethereum Foundation claims it will use more than 99.9% less energy than before.\n“Increasing worries about bitcoin’s energy usage made ether relatively more attractive as PoW doesn’t use as much energy to run, at the expense of the security of the transaction,” the Morgan Stanley experts wrote.\nIt’s worth noting there are other coins that already run on proof of stake networks, such as Cardano and Algorand.\nCoins could be destroyed\nEther also has a new “money supply plan” coming in July that will change the way miners are paid, and make ether scarcer.\n“An upgrade to the protocol is expected (called EIP-1559) where the fees that miners are currently paid (in ETH) will be ‘burned’ instead of being given to miners,” wrote the Morgan Stanley analysts. “ETH money supply will be destroyed, increasing its scarcity.”\nDecentralized finance\nOther cryptocurrencies beyond ether also rely on ethereum’s blockchain, which is a growing list of records, called blocks, that are linked together using cryptography.\nIndeed, the vast majority of so-called decentralized finance still runs on the ethereum blockchain, the Morgan Stanley analysts noted.\nBut new competitors are launching, and ethereum is no longer the go-to blockchain for cryptocurrency creators. “Most new coins opted to use an existing blockchain, which until a year ago was mostly ethereum,” said the analysts.\n“Ethereum transaction fees were rising quickly this year as more and more digital assets used the blockchain, hitting the limits of the way ethereum is currently set up to handle transactions,” they added.\nBinance, the world’s largest cryptocurrency exchange, built the Binance Smart Chain and made it relatively easy for creators of existing ethereum-based coins to port their coin to the BSC.\nBitcoin’s carbon footprint\nBitcoin has come under significant pressure in recent months amid a growing awareness of its energy usable.\nIt has a carbon footprint comparable to that of New Zealand, producing 36.95 megatons of CO2 annually, according to Digiconomist. This is a major cause for concern in countries around the world which are currently trying to cut their carbon emissions and mitigate climate change.\nTesla CEO Elon Musk said last month that his electric car company will stop accepting bitcoin as a form of payment because of environmental concerns, causing the price of bitcoin to drop 5% in a matter of minutes.Although, he said this week Tesla will start accepting bitcoin again as long as miners use more clean energy.\nMeanwhile China, which has some of the cheapest electricity in the world, is imposing strict new regulations on bitcoin mining. When the Chinese Communist Party said it would “crack down on bitcoin mining and trading behavior” in May the price of bitcoin fell 25% in a few days.\n“China’s crackdown seems tied to China’s newly stated efforts to reduce carbon emissions, with approximately two-thirds to three-quarters of bitcoin mining thought to be done in China, a substantial portion of which uses electricity from coal powered plants,” the analysts wrote.\nThey noted that bitcoin miners in the country are now in the process of moving elsewhere (to use other energy sources) or cashing out, which has not helped prices.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":163742288,"gmtCreate":1623894718244,"gmtModify":1703822812051,"author":{"id":"3573958025912472","authorId":"3573958025912472","name":"HuatMonster","avatar":"https://static.tigerbbs.com/7d81e74b4364df645e86942b6636cb78","vip":1,"crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"3573958025912472","idStr":"3573958025912472"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/163742288","repostId":1152730219,"repostType":4,"repost":{"id":"1152730219","kind":"news","pubTimestamp":1623893214,"share":"https://ttm.financial/m/news/1152730219?lang=&edition=fundamental","pubTime":"2021-06-17 09:26","market":"fut","language":"en","title":"Ethereum is outperforming bitcoin. Morgan Stanley thinks it knows why","url":"https://stock-news.laohu8.com/highlight/detail?id=1152730219","media":"CNBC","summary":"Cryptocurrency ethereum has outperformed bitcoin so far this year, and Morgan Stanley has given a nu","content":"<div>\n<p>Cryptocurrency ethereum has outperformed bitcoin so far this year, and Morgan Stanley has given a number of reasons why.\nThe “alternative” crypto coin is up around 240% this year, while the world’s ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/17/ethereum-is-outperforming-bitcoin-morgan-stanley-thinks-it-knows-why.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Ethereum is outperforming bitcoin. Morgan Stanley thinks it knows why</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEthereum is outperforming bitcoin. Morgan Stanley thinks it knows why\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-17 09:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/17/ethereum-is-outperforming-bitcoin-morgan-stanley-thinks-it-knows-why.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Cryptocurrency ethereum has outperformed bitcoin so far this year, and Morgan Stanley has given a number of reasons why.\nThe “alternative” crypto coin is up around 240% this year, while the world’s ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/17/ethereum-is-outperforming-bitcoin-morgan-stanley-thinks-it-knows-why.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://www.cnbc.com/2021/06/17/ethereum-is-outperforming-bitcoin-morgan-stanley-thinks-it-knows-why.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1152730219","content_text":"Cryptocurrency ethereum has outperformed bitcoin so far this year, and Morgan Stanley has given a number of reasons why.\nThe “alternative” crypto coin is up around 240% this year, while the world’s best-known cryptocurrency is up less than 38%.\nIt’s been a volatile few months in the crypto world,with bitcoin’s value peaking in April at around $65,000 before falling back to around $30,000, while ether peaked in May at around $4,000 and is now trading around $2,500.\nther is viewed as an alternative to bitcoin. Fans like it for a number of reasons including the fact it underpins many other cryptocurrencies, but it’s yet to be adopted by private institutions in the way that bitcoin has been.\nIt’s important to note that ether’s market cap is less than half that of bitcoin’s, but trading volumes for the smaller coin surged to $600 billion in May — 60% higher than bitcoin volumes, according to Morgan Stanley.\nThere are some key reasons for the outperformance of ether, according to the investment bank, which updated its views on crypto in a note last week.\nEnergy usage\nOne key factor to consider when looking at why ether is currently outperforming bitcoin is energy usage.\n“ETH is considered more ‘green’ than bitcoin,” Morgan Stanley strategist Sheena Shah and equity analysts James Faucette and Betsy Graseck wrote in the note.\nCrypto miners use purpose-built computers to solve complex mathematical equations that effectively enable a coin transaction to go through. The miners are rewarded for their efforts in whatever the coin is that they’re mining. However, the entire process, known as proof of work, is energy intensive because of the amount of power used by the computers.\nTo slash ether’s electricity usage, the Ethereum Foundation is transitioning its process for approving transactions to proof of stake instead of proof of work.\nIn theory, this means all someone will need to become a validator on the network is proof that they hold some ether, or a “stake.” Ultimately, it should remove the need for vast amounts of computing power needed to validate transactions and the Ethereum Foundation claims it will use more than 99.9% less energy than before.\n“Increasing worries about bitcoin’s energy usage made ether relatively more attractive as PoW doesn’t use as much energy to run, at the expense of the security of the transaction,” the Morgan Stanley experts wrote.\nIt’s worth noting there are other coins that already run on proof of stake networks, such as Cardano and Algorand.\nCoins could be destroyed\nEther also has a new “money supply plan” coming in July that will change the way miners are paid, and make ether scarcer.\n“An upgrade to the protocol is expected (called EIP-1559) where the fees that miners are currently paid (in ETH) will be ‘burned’ instead of being given to miners,” wrote the Morgan Stanley analysts. “ETH money supply will be destroyed, increasing its scarcity.”\nDecentralized finance\nOther cryptocurrencies beyond ether also rely on ethereum’s blockchain, which is a growing list of records, called blocks, that are linked together using cryptography.\nIndeed, the vast majority of so-called decentralized finance still runs on the ethereum blockchain, the Morgan Stanley analysts noted.\nBut new competitors are launching, and ethereum is no longer the go-to blockchain for cryptocurrency creators. “Most new coins opted to use an existing blockchain, which until a year ago was mostly ethereum,” said the analysts.\n“Ethereum transaction fees were rising quickly this year as more and more digital assets used the blockchain, hitting the limits of the way ethereum is currently set up to handle transactions,” they added.\nBinance, the world’s largest cryptocurrency exchange, built the Binance Smart Chain and made it relatively easy for creators of existing ethereum-based coins to port their coin to the BSC.\nBitcoin’s carbon footprint\nBitcoin has come under significant pressure in recent months amid a growing awareness of its energy usable.\nIt has a carbon footprint comparable to that of New Zealand, producing 36.95 megatons of CO2 annually, according to Digiconomist. This is a major cause for concern in countries around the world which are currently trying to cut their carbon emissions and mitigate climate change.\nTesla CEO Elon Musk said last month that his electric car company will stop accepting bitcoin as a form of payment because of environmental concerns, causing the price of bitcoin to drop 5% in a matter of minutes.Although, he said this week Tesla will start accepting bitcoin again as long as miners use more clean energy.\nMeanwhile China, which has some of the cheapest electricity in the world, is imposing strict new regulations on bitcoin mining. When the Chinese Communist Party said it would “crack down on bitcoin mining and trading behavior” in May the price of bitcoin fell 25% in a few days.\n“China’s crackdown seems tied to China’s newly stated efforts to reduce carbon emissions, with approximately two-thirds to three-quarters of bitcoin mining thought to be done in China, a substantial portion of which uses electricity from coal powered plants,” the analysts wrote.\nThey noted that bitcoin miners in the country are now in the process of moving elsewhere (to use other energy sources) or cashing out, which has not helped prices.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":163749076,"gmtCreate":1623894564795,"gmtModify":1703822803472,"author":{"id":"3582019561380962","authorId":"3582019561380962","name":"dogeking","avatar":"https://static.tigerbbs.com/3b3bb5a9aae2ee1579b02dfd0a867ec0","vip":1,"hat":"https://static.tigerbbs.com/a3dee1aa3a3a3c1814833a4d3f8a5669","crmLevel":4,"crmLevelSwitch":0,"authorIdStr":"3582019561380962","idStr":"3582019561380962"},"htmlText":"What about dogecoin? Who lets the doge out? Woof woof ?&nbsp;","listText":"What about dogecoin? Who lets the doge out? Woof woof ?&nbsp;","text":"What about dogecoin? Who lets the doge out? Woof woof ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/163749076","repostId":1152730219,"repostType":4,"repost":{"id":"1152730219","kind":"news","pubTimestamp":1623893214,"share":"https://ttm.financial/m/news/1152730219?lang=&edition=fundamental","pubTime":"2021-06-17 09:26","market":"fut","language":"en","title":"Ethereum is outperforming bitcoin. Morgan Stanley thinks it knows why","url":"https://stock-news.laohu8.com/highlight/detail?id=1152730219","media":"CNBC","summary":"Cryptocurrency ethereum has outperformed bitcoin so far this year, and Morgan Stanley has given a nu","content":"<div>\n<p>Cryptocurrency ethereum has outperformed bitcoin so far this year, and Morgan Stanley has given a number of reasons why.\nThe “alternative” crypto coin is up around 240% this year, while the world’s ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/17/ethereum-is-outperforming-bitcoin-morgan-stanley-thinks-it-knows-why.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Ethereum is outperforming bitcoin. Morgan Stanley thinks it knows why</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEthereum is outperforming bitcoin. Morgan Stanley thinks it knows why\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-17 09:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/17/ethereum-is-outperforming-bitcoin-morgan-stanley-thinks-it-knows-why.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Cryptocurrency ethereum has outperformed bitcoin so far this year, and Morgan Stanley has given a number of reasons why.\nThe “alternative” crypto coin is up around 240% this year, while the world’s ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/17/ethereum-is-outperforming-bitcoin-morgan-stanley-thinks-it-knows-why.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://www.cnbc.com/2021/06/17/ethereum-is-outperforming-bitcoin-morgan-stanley-thinks-it-knows-why.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1152730219","content_text":"Cryptocurrency ethereum has outperformed bitcoin so far this year, and Morgan Stanley has given a number of reasons why.\nThe “alternative” crypto coin is up around 240% this year, while the world’s best-known cryptocurrency is up less than 38%.\nIt’s been a volatile few months in the crypto world,with bitcoin’s value peaking in April at around $65,000 before falling back to around $30,000, while ether peaked in May at around $4,000 and is now trading around $2,500.\nther is viewed as an alternative to bitcoin. Fans like it for a number of reasons including the fact it underpins many other cryptocurrencies, but it’s yet to be adopted by private institutions in the way that bitcoin has been.\nIt’s important to note that ether’s market cap is less than half that of bitcoin’s, but trading volumes for the smaller coin surged to $600 billion in May — 60% higher than bitcoin volumes, according to Morgan Stanley.\nThere are some key reasons for the outperformance of ether, according to the investment bank, which updated its views on crypto in a note last week.\nEnergy usage\nOne key factor to consider when looking at why ether is currently outperforming bitcoin is energy usage.\n“ETH is considered more ‘green’ than bitcoin,” Morgan Stanley strategist Sheena Shah and equity analysts James Faucette and Betsy Graseck wrote in the note.\nCrypto miners use purpose-built computers to solve complex mathematical equations that effectively enable a coin transaction to go through. The miners are rewarded for their efforts in whatever the coin is that they’re mining. However, the entire process, known as proof of work, is energy intensive because of the amount of power used by the computers.\nTo slash ether’s electricity usage, the Ethereum Foundation is transitioning its process for approving transactions to proof of stake instead of proof of work.\nIn theory, this means all someone will need to become a validator on the network is proof that they hold some ether, or a “stake.” Ultimately, it should remove the need for vast amounts of computing power needed to validate transactions and the Ethereum Foundation claims it will use more than 99.9% less energy than before.\n“Increasing worries about bitcoin’s energy usage made ether relatively more attractive as PoW doesn’t use as much energy to run, at the expense of the security of the transaction,” the Morgan Stanley experts wrote.\nIt’s worth noting there are other coins that already run on proof of stake networks, such as Cardano and Algorand.\nCoins could be destroyed\nEther also has a new “money supply plan” coming in July that will change the way miners are paid, and make ether scarcer.\n“An upgrade to the protocol is expected (called EIP-1559) where the fees that miners are currently paid (in ETH) will be ‘burned’ instead of being given to miners,” wrote the Morgan Stanley analysts. “ETH money supply will be destroyed, increasing its scarcity.”\nDecentralized finance\nOther cryptocurrencies beyond ether also rely on ethereum’s blockchain, which is a growing list of records, called blocks, that are linked together using cryptography.\nIndeed, the vast majority of so-called decentralized finance still runs on the ethereum blockchain, the Morgan Stanley analysts noted.\nBut new competitors are launching, and ethereum is no longer the go-to blockchain for cryptocurrency creators. “Most new coins opted to use an existing blockchain, which until a year ago was mostly ethereum,” said the analysts.\n“Ethereum transaction fees were rising quickly this year as more and more digital assets used the blockchain, hitting the limits of the way ethereum is currently set up to handle transactions,” they added.\nBinance, the world’s largest cryptocurrency exchange, built the Binance Smart Chain and made it relatively easy for creators of existing ethereum-based coins to port their coin to the BSC.\nBitcoin’s carbon footprint\nBitcoin has come under significant pressure in recent months amid a growing awareness of its energy usable.\nIt has a carbon footprint comparable to that of New Zealand, producing 36.95 megatons of CO2 annually, according to Digiconomist. This is a major cause for concern in countries around the world which are currently trying to cut their carbon emissions and mitigate climate change.\nTesla CEO Elon Musk said last month that his electric car company will stop accepting bitcoin as a form of payment because of environmental concerns, causing the price of bitcoin to drop 5% in a matter of minutes.Although, he said this week Tesla will start accepting bitcoin again as long as miners use more clean energy.\nMeanwhile China, which has some of the cheapest electricity in the world, is imposing strict new regulations on bitcoin mining. When the Chinese Communist Party said it would “crack down on bitcoin mining and trading behavior” in May the price of bitcoin fell 25% in a few days.\n“China’s crackdown seems tied to China’s newly stated efforts to reduce carbon emissions, with approximately two-thirds to three-quarters of bitcoin mining thought to be done in China, a substantial portion of which uses electricity from coal powered plants,” the analysts wrote.\nThey noted that bitcoin miners in the country are now in the process of moving elsewhere (to use other energy sources) or cashing out, which has not helped prices.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":163751510,"gmtCreate":1623894353230,"gmtModify":1703822793037,"author":{"id":"3579486738960672","authorId":"3579486738960672","name":"Diggydev","avatar":"https://static.tigerbbs.com/d06f5986ff1dbc96ab8c8fccfad66cb9","vip":1,"crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"3579486738960672","idStr":"3579486738960672"},"htmlText":"Correct","listText":"Correct","text":"Correct","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/163751510","repostId":1152730219,"repostType":4,"repost":{"id":"1152730219","kind":"news","pubTimestamp":1623893214,"share":"https://ttm.financial/m/news/1152730219?lang=&edition=fundamental","pubTime":"2021-06-17 09:26","market":"fut","language":"en","title":"Ethereum is outperforming bitcoin. Morgan Stanley thinks it knows why","url":"https://stock-news.laohu8.com/highlight/detail?id=1152730219","media":"CNBC","summary":"Cryptocurrency ethereum has outperformed bitcoin so far this year, and Morgan Stanley has given a nu","content":"<div>\n<p>Cryptocurrency ethereum has outperformed bitcoin so far this year, and Morgan Stanley has given a number of reasons why.\nThe “alternative” crypto coin is up around 240% this year, while the world’s ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/17/ethereum-is-outperforming-bitcoin-morgan-stanley-thinks-it-knows-why.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Ethereum is outperforming bitcoin. Morgan Stanley thinks it knows why</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEthereum is outperforming bitcoin. Morgan Stanley thinks it knows why\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-17 09:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/17/ethereum-is-outperforming-bitcoin-morgan-stanley-thinks-it-knows-why.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Cryptocurrency ethereum has outperformed bitcoin so far this year, and Morgan Stanley has given a number of reasons why.\nThe “alternative” crypto coin is up around 240% this year, while the world’s ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/17/ethereum-is-outperforming-bitcoin-morgan-stanley-thinks-it-knows-why.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://www.cnbc.com/2021/06/17/ethereum-is-outperforming-bitcoin-morgan-stanley-thinks-it-knows-why.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1152730219","content_text":"Cryptocurrency ethereum has outperformed bitcoin so far this year, and Morgan Stanley has given a number of reasons why.\nThe “alternative” crypto coin is up around 240% this year, while the world’s best-known cryptocurrency is up less than 38%.\nIt’s been a volatile few months in the crypto world,with bitcoin’s value peaking in April at around $65,000 before falling back to around $30,000, while ether peaked in May at around $4,000 and is now trading around $2,500.\nther is viewed as an alternative to bitcoin. Fans like it for a number of reasons including the fact it underpins many other cryptocurrencies, but it’s yet to be adopted by private institutions in the way that bitcoin has been.\nIt’s important to note that ether’s market cap is less than half that of bitcoin’s, but trading volumes for the smaller coin surged to $600 billion in May — 60% higher than bitcoin volumes, according to Morgan Stanley.\nThere are some key reasons for the outperformance of ether, according to the investment bank, which updated its views on crypto in a note last week.\nEnergy usage\nOne key factor to consider when looking at why ether is currently outperforming bitcoin is energy usage.\n“ETH is considered more ‘green’ than bitcoin,” Morgan Stanley strategist Sheena Shah and equity analysts James Faucette and Betsy Graseck wrote in the note.\nCrypto miners use purpose-built computers to solve complex mathematical equations that effectively enable a coin transaction to go through. The miners are rewarded for their efforts in whatever the coin is that they’re mining. However, the entire process, known as proof of work, is energy intensive because of the amount of power used by the computers.\nTo slash ether’s electricity usage, the Ethereum Foundation is transitioning its process for approving transactions to proof of stake instead of proof of work.\nIn theory, this means all someone will need to become a validator on the network is proof that they hold some ether, or a “stake.” Ultimately, it should remove the need for vast amounts of computing power needed to validate transactions and the Ethereum Foundation claims it will use more than 99.9% less energy than before.\n“Increasing worries about bitcoin’s energy usage made ether relatively more attractive as PoW doesn’t use as much energy to run, at the expense of the security of the transaction,” the Morgan Stanley experts wrote.\nIt’s worth noting there are other coins that already run on proof of stake networks, such as Cardano and Algorand.\nCoins could be destroyed\nEther also has a new “money supply plan” coming in July that will change the way miners are paid, and make ether scarcer.\n“An upgrade to the protocol is expected (called EIP-1559) where the fees that miners are currently paid (in ETH) will be ‘burned’ instead of being given to miners,” wrote the Morgan Stanley analysts. “ETH money supply will be destroyed, increasing its scarcity.”\nDecentralized finance\nOther cryptocurrencies beyond ether also rely on ethereum’s blockchain, which is a growing list of records, called blocks, that are linked together using cryptography.\nIndeed, the vast majority of so-called decentralized finance still runs on the ethereum blockchain, the Morgan Stanley analysts noted.\nBut new competitors are launching, and ethereum is no longer the go-to blockchain for cryptocurrency creators. “Most new coins opted to use an existing blockchain, which until a year ago was mostly ethereum,” said the analysts.\n“Ethereum transaction fees were rising quickly this year as more and more digital assets used the blockchain, hitting the limits of the way ethereum is currently set up to handle transactions,” they added.\nBinance, the world’s largest cryptocurrency exchange, built the Binance Smart Chain and made it relatively easy for creators of existing ethereum-based coins to port their coin to the BSC.\nBitcoin’s carbon footprint\nBitcoin has come under significant pressure in recent months amid a growing awareness of its energy usable.\nIt has a carbon footprint comparable to that of New Zealand, producing 36.95 megatons of CO2 annually, according to Digiconomist. This is a major cause for concern in countries around the world which are currently trying to cut their carbon emissions and mitigate climate change.\nTesla CEO Elon Musk said last month that his electric car company will stop accepting bitcoin as a form of payment because of environmental concerns, causing the price of bitcoin to drop 5% in a matter of minutes.Although, he said this week Tesla will start accepting bitcoin again as long as miners use more clean energy.\nMeanwhile China, which has some of the cheapest electricity in the world, is imposing strict new regulations on bitcoin mining. When the Chinese Communist Party said it would “crack down on bitcoin mining and trading behavior” in May the price of bitcoin fell 25% in a few days.\n“China’s crackdown seems tied to China’s newly stated efforts to reduce carbon emissions, with approximately two-thirds to three-quarters of bitcoin mining thought to be done in China, a substantial portion of which uses electricity from coal powered plants,” the analysts wrote.\nThey noted that bitcoin miners in the country are now in the process of moving elsewhere (to use other energy sources) or cashing out, which has not helped prices.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":163753462,"gmtCreate":1623894322856,"gmtModify":1703822791425,"author":{"id":"3556136545107443","authorId":"3556136545107443","name":"Akai98","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":4,"crmLevelSwitch":0,"authorIdStr":"3556136545107443","idStr":"3556136545107443"},"htmlText":"Buy and hold","listText":"Buy and hold","text":"Buy and hold","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/163753462","repostId":1152730219,"repostType":4,"repost":{"id":"1152730219","kind":"news","pubTimestamp":1623893214,"share":"https://ttm.financial/m/news/1152730219?lang=&edition=fundamental","pubTime":"2021-06-17 09:26","market":"fut","language":"en","title":"Ethereum is outperforming bitcoin. Morgan Stanley thinks it knows why","url":"https://stock-news.laohu8.com/highlight/detail?id=1152730219","media":"CNBC","summary":"Cryptocurrency ethereum has outperformed bitcoin so far this year, and Morgan Stanley has given a nu","content":"<div>\n<p>Cryptocurrency ethereum has outperformed bitcoin so far this year, and Morgan Stanley has given a number of reasons why.\nThe “alternative” crypto coin is up around 240% this year, while the world’s ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/17/ethereum-is-outperforming-bitcoin-morgan-stanley-thinks-it-knows-why.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Ethereum is outperforming bitcoin. Morgan Stanley thinks it knows why</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEthereum is outperforming bitcoin. Morgan Stanley thinks it knows why\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-17 09:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/17/ethereum-is-outperforming-bitcoin-morgan-stanley-thinks-it-knows-why.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Cryptocurrency ethereum has outperformed bitcoin so far this year, and Morgan Stanley has given a number of reasons why.\nThe “alternative” crypto coin is up around 240% this year, while the world’s ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/17/ethereum-is-outperforming-bitcoin-morgan-stanley-thinks-it-knows-why.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://www.cnbc.com/2021/06/17/ethereum-is-outperforming-bitcoin-morgan-stanley-thinks-it-knows-why.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1152730219","content_text":"Cryptocurrency ethereum has outperformed bitcoin so far this year, and Morgan Stanley has given a number of reasons why.\nThe “alternative” crypto coin is up around 240% this year, while the world’s best-known cryptocurrency is up less than 38%.\nIt’s been a volatile few months in the crypto world,with bitcoin’s value peaking in April at around $65,000 before falling back to around $30,000, while ether peaked in May at around $4,000 and is now trading around $2,500.\nther is viewed as an alternative to bitcoin. Fans like it for a number of reasons including the fact it underpins many other cryptocurrencies, but it’s yet to be adopted by private institutions in the way that bitcoin has been.\nIt’s important to note that ether’s market cap is less than half that of bitcoin’s, but trading volumes for the smaller coin surged to $600 billion in May — 60% higher than bitcoin volumes, according to Morgan Stanley.\nThere are some key reasons for the outperformance of ether, according to the investment bank, which updated its views on crypto in a note last week.\nEnergy usage\nOne key factor to consider when looking at why ether is currently outperforming bitcoin is energy usage.\n“ETH is considered more ‘green’ than bitcoin,” Morgan Stanley strategist Sheena Shah and equity analysts James Faucette and Betsy Graseck wrote in the note.\nCrypto miners use purpose-built computers to solve complex mathematical equations that effectively enable a coin transaction to go through. The miners are rewarded for their efforts in whatever the coin is that they’re mining. However, the entire process, known as proof of work, is energy intensive because of the amount of power used by the computers.\nTo slash ether’s electricity usage, the Ethereum Foundation is transitioning its process for approving transactions to proof of stake instead of proof of work.\nIn theory, this means all someone will need to become a validator on the network is proof that they hold some ether, or a “stake.” Ultimately, it should remove the need for vast amounts of computing power needed to validate transactions and the Ethereum Foundation claims it will use more than 99.9% less energy than before.\n“Increasing worries about bitcoin’s energy usage made ether relatively more attractive as PoW doesn’t use as much energy to run, at the expense of the security of the transaction,” the Morgan Stanley experts wrote.\nIt’s worth noting there are other coins that already run on proof of stake networks, such as Cardano and Algorand.\nCoins could be destroyed\nEther also has a new “money supply plan” coming in July that will change the way miners are paid, and make ether scarcer.\n“An upgrade to the protocol is expected (called EIP-1559) where the fees that miners are currently paid (in ETH) will be ‘burned’ instead of being given to miners,” wrote the Morgan Stanley analysts. “ETH money supply will be destroyed, increasing its scarcity.”\nDecentralized finance\nOther cryptocurrencies beyond ether also rely on ethereum’s blockchain, which is a growing list of records, called blocks, that are linked together using cryptography.\nIndeed, the vast majority of so-called decentralized finance still runs on the ethereum blockchain, the Morgan Stanley analysts noted.\nBut new competitors are launching, and ethereum is no longer the go-to blockchain for cryptocurrency creators. “Most new coins opted to use an existing blockchain, which until a year ago was mostly ethereum,” said the analysts.\n“Ethereum transaction fees were rising quickly this year as more and more digital assets used the blockchain, hitting the limits of the way ethereum is currently set up to handle transactions,” they added.\nBinance, the world’s largest cryptocurrency exchange, built the Binance Smart Chain and made it relatively easy for creators of existing ethereum-based coins to port their coin to the BSC.\nBitcoin’s carbon footprint\nBitcoin has come under significant pressure in recent months amid a growing awareness of its energy usable.\nIt has a carbon footprint comparable to that of New Zealand, producing 36.95 megatons of CO2 annually, according to Digiconomist. This is a major cause for concern in countries around the world which are currently trying to cut their carbon emissions and mitigate climate change.\nTesla CEO Elon Musk said last month that his electric car company will stop accepting bitcoin as a form of payment because of environmental concerns, causing the price of bitcoin to drop 5% in a matter of minutes.Although, he said this week Tesla will start accepting bitcoin again as long as miners use more clean energy.\nMeanwhile China, which has some of the cheapest electricity in the world, is imposing strict new regulations on bitcoin mining. When the Chinese Communist Party said it would “crack down on bitcoin mining and trading behavior” in May the price of bitcoin fell 25% in a few days.\n“China’s crackdown seems tied to China’s newly stated efforts to reduce carbon emissions, with approximately two-thirds to three-quarters of bitcoin mining thought to be done in China, a substantial portion of which uses electricity from coal powered plants,” the analysts wrote.\nThey noted that bitcoin miners in the country are now in the process of moving elsewhere (to use other energy sources) or cashing out, which has not helped prices.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":163762291,"gmtCreate":1623893874213,"gmtModify":1703822768224,"author":{"id":"3575322486115506","authorId":"3575322486115506","name":"limyz1","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":5,"crmLevelSwitch":0,"authorIdStr":"3575322486115506","idStr":"3575322486115506"},"htmlText":"Ether yay. Comment and like pls","listText":"Ether yay. Comment and like pls","text":"Ether yay. Comment and like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":5,"repostSize":0,"link":"https://ttm.financial/post/163762291","repostId":1152730219,"repostType":4,"repost":{"id":"1152730219","kind":"news","pubTimestamp":1623893214,"share":"https://ttm.financial/m/news/1152730219?lang=&edition=fundamental","pubTime":"2021-06-17 09:26","market":"fut","language":"en","title":"Ethereum is outperforming bitcoin. Morgan Stanley thinks it knows why","url":"https://stock-news.laohu8.com/highlight/detail?id=1152730219","media":"CNBC","summary":"Cryptocurrency ethereum has outperformed bitcoin so far this year, and Morgan Stanley has given a nu","content":"<div>\n<p>Cryptocurrency ethereum has outperformed bitcoin so far this year, and Morgan Stanley has given a number of reasons why.\nThe “alternative” crypto coin is up around 240% this year, while the world’s ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/17/ethereum-is-outperforming-bitcoin-morgan-stanley-thinks-it-knows-why.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Ethereum is outperforming bitcoin. Morgan Stanley thinks it knows why</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEthereum is outperforming bitcoin. Morgan Stanley thinks it knows why\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-17 09:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/17/ethereum-is-outperforming-bitcoin-morgan-stanley-thinks-it-knows-why.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Cryptocurrency ethereum has outperformed bitcoin so far this year, and Morgan Stanley has given a number of reasons why.\nThe “alternative” crypto coin is up around 240% this year, while the world’s ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/17/ethereum-is-outperforming-bitcoin-morgan-stanley-thinks-it-knows-why.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://www.cnbc.com/2021/06/17/ethereum-is-outperforming-bitcoin-morgan-stanley-thinks-it-knows-why.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1152730219","content_text":"Cryptocurrency ethereum has outperformed bitcoin so far this year, and Morgan Stanley has given a number of reasons why.\nThe “alternative” crypto coin is up around 240% this year, while the world’s best-known cryptocurrency is up less than 38%.\nIt’s been a volatile few months in the crypto world,with bitcoin’s value peaking in April at around $65,000 before falling back to around $30,000, while ether peaked in May at around $4,000 and is now trading around $2,500.\nther is viewed as an alternative to bitcoin. Fans like it for a number of reasons including the fact it underpins many other cryptocurrencies, but it’s yet to be adopted by private institutions in the way that bitcoin has been.\nIt’s important to note that ether’s market cap is less than half that of bitcoin’s, but trading volumes for the smaller coin surged to $600 billion in May — 60% higher than bitcoin volumes, according to Morgan Stanley.\nThere are some key reasons for the outperformance of ether, according to the investment bank, which updated its views on crypto in a note last week.\nEnergy usage\nOne key factor to consider when looking at why ether is currently outperforming bitcoin is energy usage.\n“ETH is considered more ‘green’ than bitcoin,” Morgan Stanley strategist Sheena Shah and equity analysts James Faucette and Betsy Graseck wrote in the note.\nCrypto miners use purpose-built computers to solve complex mathematical equations that effectively enable a coin transaction to go through. The miners are rewarded for their efforts in whatever the coin is that they’re mining. However, the entire process, known as proof of work, is energy intensive because of the amount of power used by the computers.\nTo slash ether’s electricity usage, the Ethereum Foundation is transitioning its process for approving transactions to proof of stake instead of proof of work.\nIn theory, this means all someone will need to become a validator on the network is proof that they hold some ether, or a “stake.” Ultimately, it should remove the need for vast amounts of computing power needed to validate transactions and the Ethereum Foundation claims it will use more than 99.9% less energy than before.\n“Increasing worries about bitcoin’s energy usage made ether relatively more attractive as PoW doesn’t use as much energy to run, at the expense of the security of the transaction,” the Morgan Stanley experts wrote.\nIt’s worth noting there are other coins that already run on proof of stake networks, such as Cardano and Algorand.\nCoins could be destroyed\nEther also has a new “money supply plan” coming in July that will change the way miners are paid, and make ether scarcer.\n“An upgrade to the protocol is expected (called EIP-1559) where the fees that miners are currently paid (in ETH) will be ‘burned’ instead of being given to miners,” wrote the Morgan Stanley analysts. “ETH money supply will be destroyed, increasing its scarcity.”\nDecentralized finance\nOther cryptocurrencies beyond ether also rely on ethereum’s blockchain, which is a growing list of records, called blocks, that are linked together using cryptography.\nIndeed, the vast majority of so-called decentralized finance still runs on the ethereum blockchain, the Morgan Stanley analysts noted.\nBut new competitors are launching, and ethereum is no longer the go-to blockchain for cryptocurrency creators. “Most new coins opted to use an existing blockchain, which until a year ago was mostly ethereum,” said the analysts.\n“Ethereum transaction fees were rising quickly this year as more and more digital assets used the blockchain, hitting the limits of the way ethereum is currently set up to handle transactions,” they added.\nBinance, the world’s largest cryptocurrency exchange, built the Binance Smart Chain and made it relatively easy for creators of existing ethereum-based coins to port their coin to the BSC.\nBitcoin’s carbon footprint\nBitcoin has come under significant pressure in recent months amid a growing awareness of its energy usable.\nIt has a carbon footprint comparable to that of New Zealand, producing 36.95 megatons of CO2 annually, according to Digiconomist. This is a major cause for concern in countries around the world which are currently trying to cut their carbon emissions and mitigate climate change.\nTesla CEO Elon Musk said last month that his electric car company will stop accepting bitcoin as a form of payment because of environmental concerns, causing the price of bitcoin to drop 5% in a matter of minutes.Although, he said this week Tesla will start accepting bitcoin again as long as miners use more clean energy.\nMeanwhile China, which has some of the cheapest electricity in the world, is imposing strict new regulations on bitcoin mining. When the Chinese Communist Party said it would “crack down on bitcoin mining and trading behavior” in May the price of bitcoin fell 25% in a few days.\n“China’s crackdown seems tied to China’s newly stated efforts to reduce carbon emissions, with approximately two-thirds to three-quarters of bitcoin mining thought to be done in China, a substantial portion of which uses electricity from coal powered plants,” the analysts wrote.\nThey noted that bitcoin miners in the country are now in the process of moving elsewhere (to use other energy sources) or cashing out, which has not helped prices.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4829603,"gmtCreate":1623895037342,"gmtModify":1663229114946,"authorId":3578543878235243,"author":{"id":3578543878235243,"idStr":"3578543878235243","authorId":3578543878235243,"name":"Melodykjh","avatar":"https://static.tigerbbs.com/ecbb1673398e9c20ba51196d1fc7f00b","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":163762291,"type":1,"supId":0,"prevId":0,"content":"Cool","text":"Cool","html":"Cool"},{"id":4829074,"gmtCreate":1623894177960,"gmtModify":1663229114148,"authorId":3585385605908328,"author":{"id":3585385605908328,"idStr":"3585385605908328","authorId":3585385605908328,"name":"Thomas9413","avatar":"https://static.tigerbbs.com/effcfaa82ddb11a4fa57136b2a6f8351","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":163762291,"type":1,"supId":0,"prevId":0,"content":"Huat ","text":"Huat ","html":"Huat "},{"id":4829310,"gmtCreate":1623894509801,"gmtModify":1663229112950,"authorId":3573606104770883,"author":{"id":3573606104770883,"idStr":"3573606104770883","authorId":3573606104770883,"name":"Bliang","avatar":"https://static.tigerbbs.com/0d7cd18997f43a1b7035c0207a1c5872","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":163762291,"type":1,"supId":0,"prevId":0,"content":"Comment","text":"Comment","html":"Comment"},{"id":4828945,"gmtCreate":1623893965347,"gmtModify":1663229111246,"authorId":3574976836313552,"author":{"id":3574976836313552,"idStr":"3574976836313552","authorId":3574976836313552,"name":"IceColdFist","avatar":"https://static.tigerbbs.com/1f730eb3b59a0f9ec7ee2312637048a4","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":163762291,"type":1,"supId":0,"prevId":0,"content":"Huat","text":"Huat","html":"Huat"},{"id":4828982,"gmtCreate":1623894021751,"gmtModify":1663229110239,"authorId":3574403874234010,"author":{"id":3574403874234010,"idStr":"3574403874234010","authorId":3574403874234010,"name":"Nanab","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":163762291,"type":1,"supId":0,"prevId":0,"content":"<u>comment</u>","text":"<u>comment</u>","html":"<u>comment</u>"}],"langContent":"EN"},{"id":163785910,"gmtCreate":1623893638130,"gmtModify":1703822754782,"author":{"id":"3586472874126808","authorId":"3586472874126808","name":"Fatboiiiswim","avatar":"https://static.tigerbbs.com/92f9cd11969c2a60eb3c22f778b1991a","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3586472874126808","idStr":"3586472874126808"},"htmlText":"Like and comment","listText":"Like and comment","text":"Like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/163785910","repostId":1152730219,"repostType":4,"repost":{"id":"1152730219","kind":"news","pubTimestamp":1623893214,"share":"https://ttm.financial/m/news/1152730219?lang=&edition=fundamental","pubTime":"2021-06-17 09:26","market":"fut","language":"en","title":"Ethereum is outperforming bitcoin. Morgan Stanley thinks it knows why","url":"https://stock-news.laohu8.com/highlight/detail?id=1152730219","media":"CNBC","summary":"Cryptocurrency ethereum has outperformed bitcoin so far this year, and Morgan Stanley has given a nu","content":"<div>\n<p>Cryptocurrency ethereum has outperformed bitcoin so far this year, and Morgan Stanley has given a number of reasons why.\nThe “alternative” crypto coin is up around 240% this year, while the world’s ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/17/ethereum-is-outperforming-bitcoin-morgan-stanley-thinks-it-knows-why.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Ethereum is outperforming bitcoin. Morgan Stanley thinks it knows why</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEthereum is outperforming bitcoin. Morgan Stanley thinks it knows why\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-17 09:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/17/ethereum-is-outperforming-bitcoin-morgan-stanley-thinks-it-knows-why.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Cryptocurrency ethereum has outperformed bitcoin so far this year, and Morgan Stanley has given a number of reasons why.\nThe “alternative” crypto coin is up around 240% this year, while the world’s ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/17/ethereum-is-outperforming-bitcoin-morgan-stanley-thinks-it-knows-why.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://www.cnbc.com/2021/06/17/ethereum-is-outperforming-bitcoin-morgan-stanley-thinks-it-knows-why.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1152730219","content_text":"Cryptocurrency ethereum has outperformed bitcoin so far this year, and Morgan Stanley has given a number of reasons why.\nThe “alternative” crypto coin is up around 240% this year, while the world’s best-known cryptocurrency is up less than 38%.\nIt’s been a volatile few months in the crypto world,with bitcoin’s value peaking in April at around $65,000 before falling back to around $30,000, while ether peaked in May at around $4,000 and is now trading around $2,500.\nther is viewed as an alternative to bitcoin. Fans like it for a number of reasons including the fact it underpins many other cryptocurrencies, but it’s yet to be adopted by private institutions in the way that bitcoin has been.\nIt’s important to note that ether’s market cap is less than half that of bitcoin’s, but trading volumes for the smaller coin surged to $600 billion in May — 60% higher than bitcoin volumes, according to Morgan Stanley.\nThere are some key reasons for the outperformance of ether, according to the investment bank, which updated its views on crypto in a note last week.\nEnergy usage\nOne key factor to consider when looking at why ether is currently outperforming bitcoin is energy usage.\n“ETH is considered more ‘green’ than bitcoin,” Morgan Stanley strategist Sheena Shah and equity analysts James Faucette and Betsy Graseck wrote in the note.\nCrypto miners use purpose-built computers to solve complex mathematical equations that effectively enable a coin transaction to go through. The miners are rewarded for their efforts in whatever the coin is that they’re mining. However, the entire process, known as proof of work, is energy intensive because of the amount of power used by the computers.\nTo slash ether’s electricity usage, the Ethereum Foundation is transitioning its process for approving transactions to proof of stake instead of proof of work.\nIn theory, this means all someone will need to become a validator on the network is proof that they hold some ether, or a “stake.” Ultimately, it should remove the need for vast amounts of computing power needed to validate transactions and the Ethereum Foundation claims it will use more than 99.9% less energy than before.\n“Increasing worries about bitcoin’s energy usage made ether relatively more attractive as PoW doesn’t use as much energy to run, at the expense of the security of the transaction,” the Morgan Stanley experts wrote.\nIt’s worth noting there are other coins that already run on proof of stake networks, such as Cardano and Algorand.\nCoins could be destroyed\nEther also has a new “money supply plan” coming in July that will change the way miners are paid, and make ether scarcer.\n“An upgrade to the protocol is expected (called EIP-1559) where the fees that miners are currently paid (in ETH) will be ‘burned’ instead of being given to miners,” wrote the Morgan Stanley analysts. “ETH money supply will be destroyed, increasing its scarcity.”\nDecentralized finance\nOther cryptocurrencies beyond ether also rely on ethereum’s blockchain, which is a growing list of records, called blocks, that are linked together using cryptography.\nIndeed, the vast majority of so-called decentralized finance still runs on the ethereum blockchain, the Morgan Stanley analysts noted.\nBut new competitors are launching, and ethereum is no longer the go-to blockchain for cryptocurrency creators. “Most new coins opted to use an existing blockchain, which until a year ago was mostly ethereum,” said the analysts.\n“Ethereum transaction fees were rising quickly this year as more and more digital assets used the blockchain, hitting the limits of the way ethereum is currently set up to handle transactions,” they added.\nBinance, the world’s largest cryptocurrency exchange, built the Binance Smart Chain and made it relatively easy for creators of existing ethereum-based coins to port their coin to the BSC.\nBitcoin’s carbon footprint\nBitcoin has come under significant pressure in recent months amid a growing awareness of its energy usable.\nIt has a carbon footprint comparable to that of New Zealand, producing 36.95 megatons of CO2 annually, according to Digiconomist. This is a major cause for concern in countries around the world which are currently trying to cut their carbon emissions and mitigate climate change.\nTesla CEO Elon Musk said last month that his electric car company will stop accepting bitcoin as a form of payment because of environmental concerns, causing the price of bitcoin to drop 5% in a matter of minutes.Although, he said this week Tesla will start accepting bitcoin again as long as miners use more clean energy.\nMeanwhile China, which has some of the cheapest electricity in the world, is imposing strict new regulations on bitcoin mining. When the Chinese Communist Party said it would “crack down on bitcoin mining and trading behavior” in May the price of bitcoin fell 25% in a few days.\n“China’s crackdown seems tied to China’s newly stated efforts to reduce carbon emissions, with approximately two-thirds to three-quarters of bitcoin mining thought to be done in China, a substantial portion of which uses electricity from coal powered plants,” the analysts wrote.\nThey noted that bitcoin miners in the country are now in the process of moving elsewhere (to use other energy sources) or cashing out, which has not helped prices.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4829080,"gmtCreate":1623894188849,"gmtModify":1663229113838,"authorId":3585385605908328,"author":{"id":3585385605908328,"idStr":"3585385605908328","authorId":3585385605908328,"name":"Thomas9413","avatar":"https://static.tigerbbs.com/effcfaa82ddb11a4fa57136b2a6f8351","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":163785910,"type":1,"supId":0,"prevId":0,"content":"Thanks ","text":"Thanks ","html":"Thanks "},{"id":4828883,"gmtCreate":1623893857121,"gmtModify":1663229111128,"authorId":3571137612858065,"author":{"id":3571137612858065,"idStr":"3571137612858065","authorId":3571137612858065,"name":"KyleFong","avatar":"https://static.tigerbbs.com/e17389fa1acf21e046b50105e4b79fa8","vip":1,"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":163785910,"type":1,"supId":0,"prevId":0,"content":"Done. Please comment back here as return","text":"Done. Please comment back here as return","html":"Done. Please comment back here as return"},{"id":4828998,"gmtCreate":1623894054448,"gmtModify":1663229111045,"authorId":3586472874126808,"author":{"id":3586472874126808,"idStr":"3586472874126808","authorId":3586472874126808,"name":"Fatboiiiswim","avatar":"https://static.tigerbbs.com/92f9cd11969c2a60eb3c22f778b1991a","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":163785910,"type":1,"supId":4828883,"prevId":0,"content":"Thank you for the support","text":"Thank you for the support","html":"Thank you for the support"}],"langContent":"EN"},{"id":163714820,"gmtCreate":1623893424760,"gmtModify":1703822742076,"author":{"id":"3574589862407814","authorId":"3574589862407814","name":"dannynggg","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3574589862407814","idStr":"3574589862407814"},"htmlText":"gr8","listText":"gr8","text":"gr8","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/163714820","repostId":1152730219,"repostType":4,"repost":{"id":"1152730219","kind":"news","pubTimestamp":1623893214,"share":"https://ttm.financial/m/news/1152730219?lang=&edition=fundamental","pubTime":"2021-06-17 09:26","market":"fut","language":"en","title":"Ethereum is outperforming bitcoin. Morgan Stanley thinks it knows why","url":"https://stock-news.laohu8.com/highlight/detail?id=1152730219","media":"CNBC","summary":"Cryptocurrency ethereum has outperformed bitcoin so far this year, and Morgan Stanley has given a nu","content":"<div>\n<p>Cryptocurrency ethereum has outperformed bitcoin so far this year, and Morgan Stanley has given a number of reasons why.\nThe “alternative” crypto coin is up around 240% this year, while the world’s ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/17/ethereum-is-outperforming-bitcoin-morgan-stanley-thinks-it-knows-why.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Ethereum is outperforming bitcoin. Morgan Stanley thinks it knows why</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEthereum is outperforming bitcoin. Morgan Stanley thinks it knows why\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-17 09:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/17/ethereum-is-outperforming-bitcoin-morgan-stanley-thinks-it-knows-why.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Cryptocurrency ethereum has outperformed bitcoin so far this year, and Morgan Stanley has given a number of reasons why.\nThe “alternative” crypto coin is up around 240% this year, while the world’s ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/17/ethereum-is-outperforming-bitcoin-morgan-stanley-thinks-it-knows-why.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://www.cnbc.com/2021/06/17/ethereum-is-outperforming-bitcoin-morgan-stanley-thinks-it-knows-why.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1152730219","content_text":"Cryptocurrency ethereum has outperformed bitcoin so far this year, and Morgan Stanley has given a number of reasons why.\nThe “alternative” crypto coin is up around 240% this year, while the world’s best-known cryptocurrency is up less than 38%.\nIt’s been a volatile few months in the crypto world,with bitcoin’s value peaking in April at around $65,000 before falling back to around $30,000, while ether peaked in May at around $4,000 and is now trading around $2,500.\nther is viewed as an alternative to bitcoin. Fans like it for a number of reasons including the fact it underpins many other cryptocurrencies, but it’s yet to be adopted by private institutions in the way that bitcoin has been.\nIt’s important to note that ether’s market cap is less than half that of bitcoin’s, but trading volumes for the smaller coin surged to $600 billion in May — 60% higher than bitcoin volumes, according to Morgan Stanley.\nThere are some key reasons for the outperformance of ether, according to the investment bank, which updated its views on crypto in a note last week.\nEnergy usage\nOne key factor to consider when looking at why ether is currently outperforming bitcoin is energy usage.\n“ETH is considered more ‘green’ than bitcoin,” Morgan Stanley strategist Sheena Shah and equity analysts James Faucette and Betsy Graseck wrote in the note.\nCrypto miners use purpose-built computers to solve complex mathematical equations that effectively enable a coin transaction to go through. The miners are rewarded for their efforts in whatever the coin is that they’re mining. However, the entire process, known as proof of work, is energy intensive because of the amount of power used by the computers.\nTo slash ether’s electricity usage, the Ethereum Foundation is transitioning its process for approving transactions to proof of stake instead of proof of work.\nIn theory, this means all someone will need to become a validator on the network is proof that they hold some ether, or a “stake.” Ultimately, it should remove the need for vast amounts of computing power needed to validate transactions and the Ethereum Foundation claims it will use more than 99.9% less energy than before.\n“Increasing worries about bitcoin’s energy usage made ether relatively more attractive as PoW doesn’t use as much energy to run, at the expense of the security of the transaction,” the Morgan Stanley experts wrote.\nIt’s worth noting there are other coins that already run on proof of stake networks, such as Cardano and Algorand.\nCoins could be destroyed\nEther also has a new “money supply plan” coming in July that will change the way miners are paid, and make ether scarcer.\n“An upgrade to the protocol is expected (called EIP-1559) where the fees that miners are currently paid (in ETH) will be ‘burned’ instead of being given to miners,” wrote the Morgan Stanley analysts. “ETH money supply will be destroyed, increasing its scarcity.”\nDecentralized finance\nOther cryptocurrencies beyond ether also rely on ethereum’s blockchain, which is a growing list of records, called blocks, that are linked together using cryptography.\nIndeed, the vast majority of so-called decentralized finance still runs on the ethereum blockchain, the Morgan Stanley analysts noted.\nBut new competitors are launching, and ethereum is no longer the go-to blockchain for cryptocurrency creators. “Most new coins opted to use an existing blockchain, which until a year ago was mostly ethereum,” said the analysts.\n“Ethereum transaction fees were rising quickly this year as more and more digital assets used the blockchain, hitting the limits of the way ethereum is currently set up to handle transactions,” they added.\nBinance, the world’s largest cryptocurrency exchange, built the Binance Smart Chain and made it relatively easy for creators of existing ethereum-based coins to port their coin to the BSC.\nBitcoin’s carbon footprint\nBitcoin has come under significant pressure in recent months amid a growing awareness of its energy usable.\nIt has a carbon footprint comparable to that of New Zealand, producing 36.95 megatons of CO2 annually, according to Digiconomist. This is a major cause for concern in countries around the world which are currently trying to cut their carbon emissions and mitigate climate change.\nTesla CEO Elon Musk said last month that his electric car company will stop accepting bitcoin as a form of payment because of environmental concerns, causing the price of bitcoin to drop 5% in a matter of minutes.Although, he said this week Tesla will start accepting bitcoin again as long as miners use more clean energy.\nMeanwhile China, which has some of the cheapest electricity in the world, is imposing strict new regulations on bitcoin mining. When the Chinese Communist Party said it would “crack down on bitcoin mining and trading behavior” in May the price of bitcoin fell 25% in a few days.\n“China’s crackdown seems tied to China’s newly stated efforts to reduce carbon emissions, with approximately two-thirds to three-quarters of bitcoin mining thought to be done in China, a substantial portion of which uses electricity from coal powered plants,” the analysts wrote.\nThey noted that bitcoin miners in the country are now in the process of moving elsewhere (to use other energy sources) or cashing out, which has not helped prices.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":163712954,"gmtCreate":1623893361678,"gmtModify":1703822738174,"author":{"id":"3583644447757935","authorId":"3583644447757935","name":"irung","avatar":"https://static.tigerbbs.com/1385729dc91be2a1cd7a1b5e5783dca3","vip":1,"crmLevel":3,"crmLevelSwitch":0,"authorIdStr":"3583644447757935","idStr":"3583644447757935"},"htmlText":"Comment pls","listText":"Comment pls","text":"Comment pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":4,"repostSize":0,"link":"https://ttm.financial/post/163712954","repostId":1152730219,"repostType":4,"repost":{"id":"1152730219","kind":"news","pubTimestamp":1623893214,"share":"https://ttm.financial/m/news/1152730219?lang=&edition=fundamental","pubTime":"2021-06-17 09:26","market":"fut","language":"en","title":"Ethereum is outperforming bitcoin. Morgan Stanley thinks it knows why","url":"https://stock-news.laohu8.com/highlight/detail?id=1152730219","media":"CNBC","summary":"Cryptocurrency ethereum has outperformed bitcoin so far this year, and Morgan Stanley has given a nu","content":"<div>\n<p>Cryptocurrency ethereum has outperformed bitcoin so far this year, and Morgan Stanley has given a number of reasons why.\nThe “alternative” crypto coin is up around 240% this year, while the world’s ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/17/ethereum-is-outperforming-bitcoin-morgan-stanley-thinks-it-knows-why.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Ethereum is outperforming bitcoin. Morgan Stanley thinks it knows why</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEthereum is outperforming bitcoin. Morgan Stanley thinks it knows why\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-17 09:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/17/ethereum-is-outperforming-bitcoin-morgan-stanley-thinks-it-knows-why.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Cryptocurrency ethereum has outperformed bitcoin so far this year, and Morgan Stanley has given a number of reasons why.\nThe “alternative” crypto coin is up around 240% this year, while the world’s ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/17/ethereum-is-outperforming-bitcoin-morgan-stanley-thinks-it-knows-why.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://www.cnbc.com/2021/06/17/ethereum-is-outperforming-bitcoin-morgan-stanley-thinks-it-knows-why.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1152730219","content_text":"Cryptocurrency ethereum has outperformed bitcoin so far this year, and Morgan Stanley has given a number of reasons why.\nThe “alternative” crypto coin is up around 240% this year, while the world’s best-known cryptocurrency is up less than 38%.\nIt’s been a volatile few months in the crypto world,with bitcoin’s value peaking in April at around $65,000 before falling back to around $30,000, while ether peaked in May at around $4,000 and is now trading around $2,500.\nther is viewed as an alternative to bitcoin. Fans like it for a number of reasons including the fact it underpins many other cryptocurrencies, but it’s yet to be adopted by private institutions in the way that bitcoin has been.\nIt’s important to note that ether’s market cap is less than half that of bitcoin’s, but trading volumes for the smaller coin surged to $600 billion in May — 60% higher than bitcoin volumes, according to Morgan Stanley.\nThere are some key reasons for the outperformance of ether, according to the investment bank, which updated its views on crypto in a note last week.\nEnergy usage\nOne key factor to consider when looking at why ether is currently outperforming bitcoin is energy usage.\n“ETH is considered more ‘green’ than bitcoin,” Morgan Stanley strategist Sheena Shah and equity analysts James Faucette and Betsy Graseck wrote in the note.\nCrypto miners use purpose-built computers to solve complex mathematical equations that effectively enable a coin transaction to go through. The miners are rewarded for their efforts in whatever the coin is that they’re mining. However, the entire process, known as proof of work, is energy intensive because of the amount of power used by the computers.\nTo slash ether’s electricity usage, the Ethereum Foundation is transitioning its process for approving transactions to proof of stake instead of proof of work.\nIn theory, this means all someone will need to become a validator on the network is proof that they hold some ether, or a “stake.” Ultimately, it should remove the need for vast amounts of computing power needed to validate transactions and the Ethereum Foundation claims it will use more than 99.9% less energy than before.\n“Increasing worries about bitcoin’s energy usage made ether relatively more attractive as PoW doesn’t use as much energy to run, at the expense of the security of the transaction,” the Morgan Stanley experts wrote.\nIt’s worth noting there are other coins that already run on proof of stake networks, such as Cardano and Algorand.\nCoins could be destroyed\nEther also has a new “money supply plan” coming in July that will change the way miners are paid, and make ether scarcer.\n“An upgrade to the protocol is expected (called EIP-1559) where the fees that miners are currently paid (in ETH) will be ‘burned’ instead of being given to miners,” wrote the Morgan Stanley analysts. “ETH money supply will be destroyed, increasing its scarcity.”\nDecentralized finance\nOther cryptocurrencies beyond ether also rely on ethereum’s blockchain, which is a growing list of records, called blocks, that are linked together using cryptography.\nIndeed, the vast majority of so-called decentralized finance still runs on the ethereum blockchain, the Morgan Stanley analysts noted.\nBut new competitors are launching, and ethereum is no longer the go-to blockchain for cryptocurrency creators. “Most new coins opted to use an existing blockchain, which until a year ago was mostly ethereum,” said the analysts.\n“Ethereum transaction fees were rising quickly this year as more and more digital assets used the blockchain, hitting the limits of the way ethereum is currently set up to handle transactions,” they added.\nBinance, the world’s largest cryptocurrency exchange, built the Binance Smart Chain and made it relatively easy for creators of existing ethereum-based coins to port their coin to the BSC.\nBitcoin’s carbon footprint\nBitcoin has come under significant pressure in recent months amid a growing awareness of its energy usable.\nIt has a carbon footprint comparable to that of New Zealand, producing 36.95 megatons of CO2 annually, according to Digiconomist. This is a major cause for concern in countries around the world which are currently trying to cut their carbon emissions and mitigate climate change.\nTesla CEO Elon Musk said last month that his electric car company will stop accepting bitcoin as a form of payment because of environmental concerns, causing the price of bitcoin to drop 5% in a matter of minutes.Although, he said this week Tesla will start accepting bitcoin again as long as miners use more clean energy.\nMeanwhile China, which has some of the cheapest electricity in the world, is imposing strict new regulations on bitcoin mining. When the Chinese Communist Party said it would “crack down on bitcoin mining and trading behavior” in May the price of bitcoin fell 25% in a few days.\n“China’s crackdown seems tied to China’s newly stated efforts to reduce carbon emissions, with approximately two-thirds to three-quarters of bitcoin mining thought to be done in China, a substantial portion of which uses electricity from coal powered plants,” the analysts wrote.\nThey noted that bitcoin miners in the country are now in the process of moving elsewhere (to use other energy sources) or cashing out, which has not helped prices.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4831825,"gmtCreate":1623900325257,"gmtModify":1663229124068,"authorId":3583644447757935,"author":{"id":3583644447757935,"idStr":"3583644447757935","authorId":3583644447757935,"name":"irung","avatar":"https://static.tigerbbs.com/1385729dc91be2a1cd7a1b5e5783dca3","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":163712954,"type":1,"supId":4828628,"prevId":0,"content":"hi","text":"hi","html":"hi"},{"id":4828644,"gmtCreate":1623893450651,"gmtModify":1663229111339,"authorId":3584342407052612,"author":{"id":3584342407052612,"idStr":"3584342407052612","authorId":3584342407052612,"name":"ratata","avatar":"https://static.tigerbbs.com/3d4fbe844296156a107cc29f2ad530d8","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":163712954,"type":1,"supId":0,"prevId":0,"content":"respond <u>pls</u>","text":"respond <u>pls</u>","html":"respond <u>pls</u>"},{"id":4828628,"gmtCreate":1623893414498,"gmtModify":1663229110252,"authorId":3574589862407814,"author":{"id":3574589862407814,"idStr":"3574589862407814","authorId":3574589862407814,"name":"dannynggg","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":163712954,"type":1,"supId":0,"prevId":0,"content":"<u>hello</u>","text":"<u>hello</u>","html":"<u>hello</u>"},{"id":4828691,"gmtCreate":1623893554732,"gmtModify":1635314672977,"authorId":3583644447757935,"author":{"id":3583644447757935,"idStr":"3583644447757935","authorId":3583644447757935,"name":"irung","avatar":"https://static.tigerbbs.com/1385729dc91be2a1cd7a1b5e5783dca3","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":163712954,"type":1,"supId":4828644,"prevId":0,"content":"k","text":"k","html":"k"}],"langContent":"EN"},{"id":163718203,"gmtCreate":1623893306502,"gmtModify":1703822736400,"author":{"id":"3581684923109887","authorId":"3581684923109887","name":"Tw0d3MooN","avatar":"https://static.tigerbbs.com/1792a6da317090d0d10ea17a99f1dfa1","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3581684923109887","idStr":"3581684923109887"},"htmlText":"[得意]&nbsp;","listText":"[得意]&nbsp;","text":"[得意]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/163718203","repostId":1152730219,"repostType":4,"repost":{"id":"1152730219","kind":"news","pubTimestamp":1623893214,"share":"https://ttm.financial/m/news/1152730219?lang=&edition=fundamental","pubTime":"2021-06-17 09:26","market":"fut","language":"en","title":"Ethereum is outperforming bitcoin. Morgan Stanley thinks it knows why","url":"https://stock-news.laohu8.com/highlight/detail?id=1152730219","media":"CNBC","summary":"Cryptocurrency ethereum has outperformed bitcoin so far this year, and Morgan Stanley has given a nu","content":"<div>\n<p>Cryptocurrency ethereum has outperformed bitcoin so far this year, and Morgan Stanley has given a number of reasons why.\nThe “alternative” crypto coin is up around 240% this year, while the world’s ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/17/ethereum-is-outperforming-bitcoin-morgan-stanley-thinks-it-knows-why.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Ethereum is outperforming bitcoin. Morgan Stanley thinks it knows why</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEthereum is outperforming bitcoin. Morgan Stanley thinks it knows why\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-17 09:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/17/ethereum-is-outperforming-bitcoin-morgan-stanley-thinks-it-knows-why.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Cryptocurrency ethereum has outperformed bitcoin so far this year, and Morgan Stanley has given a number of reasons why.\nThe “alternative” crypto coin is up around 240% this year, while the world’s ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/17/ethereum-is-outperforming-bitcoin-morgan-stanley-thinks-it-knows-why.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://www.cnbc.com/2021/06/17/ethereum-is-outperforming-bitcoin-morgan-stanley-thinks-it-knows-why.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1152730219","content_text":"Cryptocurrency ethereum has outperformed bitcoin so far this year, and Morgan Stanley has given a number of reasons why.\nThe “alternative” crypto coin is up around 240% this year, while the world’s best-known cryptocurrency is up less than 38%.\nIt’s been a volatile few months in the crypto world,with bitcoin’s value peaking in April at around $65,000 before falling back to around $30,000, while ether peaked in May at around $4,000 and is now trading around $2,500.\nther is viewed as an alternative to bitcoin. Fans like it for a number of reasons including the fact it underpins many other cryptocurrencies, but it’s yet to be adopted by private institutions in the way that bitcoin has been.\nIt’s important to note that ether’s market cap is less than half that of bitcoin’s, but trading volumes for the smaller coin surged to $600 billion in May — 60% higher than bitcoin volumes, according to Morgan Stanley.\nThere are some key reasons for the outperformance of ether, according to the investment bank, which updated its views on crypto in a note last week.\nEnergy usage\nOne key factor to consider when looking at why ether is currently outperforming bitcoin is energy usage.\n“ETH is considered more ‘green’ than bitcoin,” Morgan Stanley strategist Sheena Shah and equity analysts James Faucette and Betsy Graseck wrote in the note.\nCrypto miners use purpose-built computers to solve complex mathematical equations that effectively enable a coin transaction to go through. The miners are rewarded for their efforts in whatever the coin is that they’re mining. However, the entire process, known as proof of work, is energy intensive because of the amount of power used by the computers.\nTo slash ether’s electricity usage, the Ethereum Foundation is transitioning its process for approving transactions to proof of stake instead of proof of work.\nIn theory, this means all someone will need to become a validator on the network is proof that they hold some ether, or a “stake.” Ultimately, it should remove the need for vast amounts of computing power needed to validate transactions and the Ethereum Foundation claims it will use more than 99.9% less energy than before.\n“Increasing worries about bitcoin’s energy usage made ether relatively more attractive as PoW doesn’t use as much energy to run, at the expense of the security of the transaction,” the Morgan Stanley experts wrote.\nIt’s worth noting there are other coins that already run on proof of stake networks, such as Cardano and Algorand.\nCoins could be destroyed\nEther also has a new “money supply plan” coming in July that will change the way miners are paid, and make ether scarcer.\n“An upgrade to the protocol is expected (called EIP-1559) where the fees that miners are currently paid (in ETH) will be ‘burned’ instead of being given to miners,” wrote the Morgan Stanley analysts. “ETH money supply will be destroyed, increasing its scarcity.”\nDecentralized finance\nOther cryptocurrencies beyond ether also rely on ethereum’s blockchain, which is a growing list of records, called blocks, that are linked together using cryptography.\nIndeed, the vast majority of so-called decentralized finance still runs on the ethereum blockchain, the Morgan Stanley analysts noted.\nBut new competitors are launching, and ethereum is no longer the go-to blockchain for cryptocurrency creators. “Most new coins opted to use an existing blockchain, which until a year ago was mostly ethereum,” said the analysts.\n“Ethereum transaction fees were rising quickly this year as more and more digital assets used the blockchain, hitting the limits of the way ethereum is currently set up to handle transactions,” they added.\nBinance, the world’s largest cryptocurrency exchange, built the Binance Smart Chain and made it relatively easy for creators of existing ethereum-based coins to port their coin to the BSC.\nBitcoin’s carbon footprint\nBitcoin has come under significant pressure in recent months amid a growing awareness of its energy usable.\nIt has a carbon footprint comparable to that of New Zealand, producing 36.95 megatons of CO2 annually, according to Digiconomist. This is a major cause for concern in countries around the world which are currently trying to cut their carbon emissions and mitigate climate change.\nTesla CEO Elon Musk said last month that his electric car company will stop accepting bitcoin as a form of payment because of environmental concerns, causing the price of bitcoin to drop 5% in a matter of minutes.Although, he said this week Tesla will start accepting bitcoin again as long as miners use more clean energy.\nMeanwhile China, which has some of the cheapest electricity in the world, is imposing strict new regulations on bitcoin mining. When the Chinese Communist Party said it would “crack down on bitcoin mining and trading behavior” in May the price of bitcoin fell 25% in a few days.\n“China’s crackdown seems tied to China’s newly stated efforts to reduce carbon emissions, with approximately two-thirds to three-quarters of bitcoin mining thought to be done in China, a substantial portion of which uses electricity from coal powered plants,” the analysts wrote.\nThey noted that bitcoin miners in the country are now in the process of moving elsewhere (to use other energy sources) or cashing out, which has not helped prices.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":83,"commentSize":20,"repostSize":0,"favoriteSize":1,"likeStatus":false,"favoriteStatus":false}}