Cryptocurrency intelligence firm Ciphertrace has filed two patent applications for tools and systems to trace monero transactions. The company aims to enable the detection of criminal uses of privacy coins like monero. Monero Tracing Patents Blockchain analytics and cryptocurrency intelligence firm Ciphertrace announced Friday that it has filed two monero tracing patents. One patent is called “Techniques and… Source link
Read More »Monthly Archives: November 2020
Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – November 24th, 2020
Ethereum Ethereum rallied by 8.65% on Monday. Following a 1.40% gain from Sunday, Ethereum ended the day at $609.26. A mixed start to the day saw Ethereum fall to an early morning intraday low $550.00 before making a move. Steering clear of the first major support level at $520.72, Ethereum rallied to a late intraday high and a new swing hi $611.43. Ethereum broke through the first major resistance level at $591.36 to test resistance at $610 before easing back. Late in the day, Ethereum slipped… Source link
Read More »Key Bitcoin and Ethereum options metrics show traders are wildly bullish
In the last few days, Bitcoin (BTC) price has underperformed Ether (ETH) by almost 20%. Even though BTC seems to be struggling to break the $18,800 barrier, both cryptocurrencies display the same bullishness according to derivatives markets data. BTC/USD and ETH/USD at Bitstamp. Source: Digital Assets Data Ether is entering a parabolic rally as its Eth2 network launch progresses, and this optimism is reflected in the options markets. Despite the lack of similar price action from BTC, Bitcoin… Source link
Read More »Ethereum, Litecoin & Yearn.Finance – American Wrap: 11/23/2020
Ethereum Price Breaks $600 In Anticipation Of ETH 2.0’s Launch In December Ethereum is trading at $601 after finally breaking the psychological barrier at $600 for the first time in two years. At the time of writing, around 305,920 ETH has been staked in the Eth2 deposit contract, representing 58% of what is needed for the contract to launch. Institutional Investors Are Paying $2,750 For Litecoin As The Price Premium Widens Grayscale is known for its massive investments… Source link
Read More »Market Wrap: Bitcoin Briefly Drops Below $18K While ETH Uncouples From BTC
Bitcoin dipped below $18,000 before recovering on higher-than-average spot volume. Meanwhile, ether’s price performance is showing a divergence from bitcoin. Bitcoin (BTC) trading around $18,374 as of 21:00 UTC (4 p.m. ET). Slipping 0.85% over the previous 24 hours. Bitcoin’s 24-hour range: $17,990-$18,752 (CoinDesk 20) BTC below its 10-day and 50-day moving averages, a bearish signal for market technicians. Bitcoin trading on Bitstamp since Nov. 20. Source: TradingView Bitcoin’s price was… Source link
Read More »Ethereum $600 Litecoin $86.66 Yearn.Finance $25,220. Cryptocurrencies Price Prediction – American Wrap
Ethereum is trading at $601 after finally breaking the psychological barrier at $600 for the first time in two years. At the time of writing, around 305,920 ETH has been staked in the Eth2 deposit contract, representing 58% of what is needed for the contract to launch. Institutional investors are paying $2,750 for Litecoin as the price premium widens Grayscale is known for its massive investments in Bitcoin, but the trust fund has also purchased Ethereum,… Source link
Read More »Litecoin will fall, and that’s the way the cookie crumbles
With a collective market cap of over half a trillion, it is safe to say that almost every major digital asset in the market is impressing its bag holders at the moment. Litecoin is no different and right now, for reasons unexpected, many are somewhat on its bandwagon once again. Source: LTC/USD on Trading View Since the 20th of October, Litecoin’s value has risen by a staggering 91.26%, with its press time price found to be very close to its 2020 high. In fact, there is a good chance that… Source link
Read More »New Crypto Unicorn, Filecoins’ First Exbibyte, Catching Monero + More News
Source: Adobe/ginettigino Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. (Updated at 18:37 UTC with a quote from Dan Schulman, CEO PayPal). Investments news US-based blockchain analysis firm Chainalysis told Forbes it expects to raise USD 100m venture capital at a USD 1bn valuation as soon as this week. Led by Tiger Global alum Lee Fixel’s newly founded venture capital firm,… Source link
Read More »Institutional investors are paying $2,750 for Litecoin as the price premium widens
Litecoin price is currently $86.76, but some investors are paying a lot more to purchase the digital asset. The Grayscale Litecoin Trust is trading at a premium of 3,193% to NAV. Grayscale is known for its massive investments in Bitcoin, but the trust fund has also purchased Ethereum, Litecoin, and other digital currencies in the past. Institutional investors are currently paying a lot more for the LTCN shares than the real value of Litecoin, which is around… Source link
Read More »Bitcoin is already outperforming the halving that sparked $20K all-time high
Bitcoin price has more than doubled since its latest block subsidy halving and is now outpacing its last bull run. Data compiled by on-chain monitoring resource ChartsBTC on Nov. 23 shows that versus its two previous halvings, Bitcoin (BTC) in 2020 is right on track to deliver major price gains. Bitcoin price up 120% since May Using figures from Coin Metrics and statistician Clark Moody, ChartsBTC’s Halving Index compares Bitcoin’s progress since May’s halving with the six months after… Source link
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