1. Home
  2. Discover
  3. News
  4. Forbes

Forbes - Poll position 🏁

Happy Friday! This is Billy Bambrough, getting you up to speed with the latest crypto news and analysis.
Was this newsletter forwarded to you? Sign up here! Got a crypto-curious friend? Forward Codex to them to help get them up-to-date and ahead of the market!
24-hour crypto market snapshot
Flying too close to the sol 🌞
Cryptocurrency prices are again surging higher this morning, with the notable and interesting exception of bitcoin which has completely stalled at $50,000.

The bitcoin price added 30% through August as confidence returned to the crypto market but attention has now almost entirely turned to so-called alt coins, with some smaller cryptocurrencies making huge gains and pushing the combined crypto market toward its all-time high of almost $2.5 trillion.

Now read this: Why bitcoin’s price got stuck at $50,000

Among the rest of the crypto top ten by value, solana's sol token is yet again leading the market higher and rocketing up the charts. Solana is now the seventh-most valuable cryptocurrency with a market capitalization of over $40 billion and is closing the gap on rival ethereum competitor cardano. Solana has added a blistering 300% since this time last month and adding to gains of almost 4,000% on this time last year.

Ethereum looks set to break back above $4,000, nearing its all-time high of $4,400 per ether, while cardano's ADA is bobbing around its all-time high of $3. As well as bitcoin, Binance's BNB has also failed to rally along with some other major tokens in recent weeks and appears to have stalled at around $500 per BNB.

"Just bought my first ETH! Let’s do this." - Reese Witherspoon

Elsewhere, chrono.tech's time token, a cryptocurrency geared toward the labor market and ranked 842nd on CoinMarketCap, has this morning surged higher after Tesla chief executive a market-mover Elon Musk tweeted: "Time is the ultimate currency." Don't expect its gains to hold.

Making waves on Twitter: The threat from the illiberal left
When you make a purchase through links in this email, the author may earn a commission.
Uncover Crypto Blockbusters Poised For 1,000% Plus Gains
Forbes CryptoAsset & Blockchain Advisor looks at the universe of viable crypto assets with proprietary analysis and insider crypto knowledge to guide you to the best choices and the companies making the biggest bets on this breakthrough technology along with monthly deep-dive interviews to fuel your own profits.

For successful subscription, disable your adblocker
Get Forbes Crypto Asset & Blockchain Advisor
Poll: Salvadorans dislike bitcoin 👎
Bitcoin signage outside a shop in El Zonte, El Salvador
Bitcoin signage outside a shop in El Zonte, El Salvador © 2021 Bloomberg Finance LP
Public opinion: With El Salvador set to formally adopt bitcoin as legal tender in under a week, a poll has shown most Salvadorans disagree with the move. Almost 70% (67.9%) of the nearly 1,300 people surveyed by the Central American University (UCA) either disagreed or strongly disagreed with using bitcoin as legal tender. Just over 32% of people said they agree on some level.

Bitcoin for all: The poll, first reported by Reuters, revealed 9 out of 10 people did not have a clear understanding of bitcoin and 8 out of 10 said they had little or no confidence in its use while a majority said they thought that the main beneficiaries of bitcoin’s adoption would be wealthy elites, such as the government, business leaders and foreign investors.

Sea-change: "What we can see in this survey, in addition to this broad rejection of the implementation of bitcoin as legal tender, is that for the first time we found a significant disagreement between the population and decisions being made by the Legislative Assembly and the president," said UCA dean Andreu Oliva.

Catch up: El Salvador’s government voted to adopt bitcoin as legal tender in June and it will take effect on September 7, with the plan spearheaded by president Nayib Bukele. It was recently confirmed that bitcoin’s use would not be mandatory, in contrast to the original law, which stipulated that all economic agents must accept bitcoin as a form of payment.

Why it matters: It's hoped the country's bitcoin adoption will boost jobs and economic development by making El Salvador less reliant on U.S. dollars. Other countries in a similar position in the region are closely watching the experiment and could follow suit if it's successful.

Now read this: Using bitcoin as legal tender
Asset manager seeks bitcoin and crypto experts
💕 Franklin Templeton, an asset manager with a balance sheet topping $1.4 trillion, is the latest investment company to court crypto professionals.

💼 The company, one of the world’s largest independent asset managers, posted job ads on LinkedIn this week looking for two medium to senior level experts to lead its crypto trading and research efforts.

🎯 Franklin Templeton’s newly opened crypto positions target professionals who work with the "largest, most liquid and tradable crypto assets," including bitcoin and ethereum.

Now read this: Money, not morals, is the new gaming panic

hello world
Billy Bambrough
Forbes Contributor
I am a journalist with significant experience covering technology, finance, economics, and business around the world. I write about how bitcoin, crypto and blockchain can change the world.
Follow me on Twitter or email me.
Forbes

You’ve received this email because you’ve opted in to receive Forbes newsletters.

Unsubscribe from CryptoCodex.

Or, manage your paid subscriptions on your Forbes profile here.

Manage Email Preferences | Privacy

Forbes Media | 499 Washington Blvd.

Jersey City, NJ 07130

Older messages

$1

Thursday, September 2, 2021

Get Unlimited Articles on Forbes.com for Just $1 Forbes Get Unlimited Articles on Forbes.com for Just $1 "Know where to find the information and how to use it - That's the secret of success.

Look who's back 👀

Wednesday, September 1, 2021

CryptoCodex Forbes Billy Bambrough Forbes Contributor Forbes Good Wednesday morning. This is Billy Bambrough, bringing you your latest batch of bitcoin and crypto news hot off the press. Was this

A "limited supply of nothing" 🗇

Tuesday, August 31, 2021

CryptoCodex Forbes Billy Bambrough Forbes Contributor Forbes Good Tuesday morning. Billy Bambrough here with what you need to know from the world of bitcoin and crypto. 24-hour crypto market snapshot

El Dorado 🪙

Monday, August 30, 2021

CryptoCodex Forbes Billy Bambrough Forbes Contributor Forbes Good Monday morning. This is Billy Bambrough, getting you up to speed with the latest from crypto-land. 24-hour crypto market snapshot

Jerome's Hole in one ⛳

Friday, August 27, 2021

CryptoCodex Forbes Billy Bambrough Forbes Contributor Forbes Happy Friday! Billy Bambrough here with what's driving the day in the world of bitcoin and crypto. 24-hour crypto market snapshot

You Might Also Like

Trump's war on the First Amendment

Monday, March 10, 2025

Plus: Giant white houses everywhere, a woman in chains, and love. View this email in your browser March 10, 2025 Trump, in a navy suit and red tie, is seen from the shoulders up. His mouth is open in

Veterans Administration therapists forced to provide mental health counseling in open cubicles

Monday, March 10, 2025

As part of the Trump administration's frenzied push to end remote work arrangements for federal government workers, the Veterans Administration (VA) is forcing therapists to provide mental health

Armed Man Shot Near White House, Russian Spy Ring, and Jet Lightning

Monday, March 10, 2025

Secret Service agents shot and wounded an “armed man” a block from the White House shortly after midnight Sunday while President Trump was away for the weekend. ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌

Numlock News: March 10, 2025 • Crater, Mickey 17, Hurricane

Monday, March 10, 2025

By Walt Hickey ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

Open Thread 372

Monday, March 10, 2025

... ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

☕ Spending spree

Monday, March 10, 2025

European markets are outpacing the US... March 10, 2025 View Online | Sign Up | Shop Morning Brew Presented By Tubi Good morning, and Happy Mario Day (MAR10). Traditional celebrations include: reckless

Surprise! People don't want AI deciding who gets a kidney transplant and who dies or endures years of misery [Mon Mar 10 2025]

Monday, March 10, 2025

Hi The Register Subscriber | Log in The Register Daily Headlines 10 March 2025 AI Surprise! People don't want AI deciding who gets a kidney transplant and who dies or endures years of misery

How to Keep Providing Gender-Affirming Care Despite Anti-Trans Attacks

Sunday, March 9, 2025

Using lessons learned defending abortion, some providers are digging in to serve their trans patients despite legal attacks. Most Read Columbia Bent Over Backward to Appease Right-Wing, Pro-Israel

Guest Newsletter: Five Books

Sunday, March 9, 2025

Five Books features in-depth author interviews recommending five books on a theme Guest Newsletter: Five Books By Sylvia Bishop • 9 Mar 2025 View in browser View in browser Five Books features in-depth

GeekWire's Most-Read Stories of the Week

Sunday, March 9, 2025

Catch up on the top tech stories from this past week. Here are the headlines that people have been reading on GeekWire. ADVERTISEMENT GeekWire SPONSOR MESSAGE: Revisit defining moments, explore new