Ethereum Ethereum slid by 5.78% on Monday. Following on from a 1.22% loss on Sunday, Ethereum ended the day at $1,681.02. A bearish start to the day saw Ethereum slide to an early morning low $1,754.25 before finding support. Steering clear of the first major support level at $1,749, Ethereum struck a late morning intraday high $1,806.39. Falling short of the first major resistance level at $1,819, Ethereum tumbled to a late intraday low $1,657.17. Ethereum fell through the first major support… Source link

Bitcoin is dividing opinion on Wall Street, with a rush of investment banks expressing widely divergent views on the cryptocurrency boom. The digital currency soared 300 per cent last year, and has roughly doubled in the opening weeks of 2021, taking its value to about $60,000. With an estimated 18.7m coins in circulation, that takes the overall value of the market to roughly $1.1tn — too big for investment banks to ignore. But the extra scrutiny from professional analysts… Source link

Vlad Zamfir, an ethereum developer who is working on an alternative blockchain called casper, is suing CasperLabs, a blockchain research and development company with ties to cryptocurrency investor and former U.S. presidential candidate Brock Pierce. Zamfir has accused Switzerland-based CasperLabs of using casper in marketing materials for CasperLabs in a way that might mislead potential investors ahead of an imminent fundraising, scheduled for the coming three days. Pierce, who’s… Source link

IBC’s Khurram Shroff has joined the board of Ethereum Genesys Foundation as a show of commitment to preserve the decentralized nature of Blockchain. Ethereum has escalated ETH 2.0 merge, as Ethereum GENESYS plans a Mining Fork of Ethereum, in a move to save Miners from Quick Merge, and enable Defi and NFTs. Gregory Prekupec, Founder and Director of Ethereum Genesys, and noted Canadian Blockchain technology lawyer, has pledged support to the Ethereum Genesys Foundation. This multiple backing… Source link

Despite predicting that Bitcoin price will rise to $300,000 in the current bull market, Bobby Lee, founder of BTCC exchange, believes that crypto markets could spend years in decline after the market reaches its peak. What Happened: “Bitcoin bull market cycles come every four years and this is a big one,” said Lee who co-founded UK-based cryptocurrency exchange BTCC in an interview with CNBC earlier today. According to him, the market-leading cryptocurrency is likely to reach $100,000 this… Source link

Dado Ruvic/Reuters Bitcoin could surge to $300,000, but the bubble is likely to pop dramatically, Bobby Lee said. The founder of the BTCC exchange said the price of bitcoin could fall as much as 90% from its peak. Bitcoin has risen by about 800% in a year, to roughly $58,000 in the latest bull-market cycle. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. The bitcoin price could surge as high as $300,000 in the latest bull-market rally but then plunge 90% into… Source link

Bloomberg Scion of Billionaire Family Hunts for Cheap Assets in Venezuela (Bloomberg) — The name Cisneros is synonymous with business acumen and opulence in the minds of Venezuelans old enough to remember the pre-Hugo Chavez years.Over generations, the billionaire family brought the Studebaker, Pepsi-Cola and department stores to the oil-rich country. It launched DirecTV in Latin America, ran beauty pageants, produced soap operas and owned banks, TV stations, ice-cream makers and brewers.Now,… Source link

The Taiwanese multinational hardware and electronics company, Acer, is purportedly the latest popular organization to fall victim to the notorious REvil ransomware attack. According to recent reports, the perpetrators have requested one of the largest demands so far of up to $100 million paid in the privacy cryptocurrency – Monero. Ransomware Attack on Acer Headquartered in New Taipei City, Acer is among the world’s largest manufacturers of computer hardware and electronics with revenue of… Source link

The cryptocurrency market has been seeing great volatility over the past few days. This volatility has changed the existing trends in the market for almost all altcoins. With a market capitalization of $4.171 billion, Monero [XMR] was pushed down to the 28th position on the CoinMarketCap list. The volatility in the market has been pushing the digital asset and at the time of writing, the market was once again seeing changes as XMR was being traded at $233.10. Monero six-hour chart Source: Source link

Bitcoin has climbed through March after its huge early 2021 rally came off the boil in February. The bitcoin price has returned to near its all-time high of just over $60,000 per bitcoin, settling just under the psychological level. Now, with bitcoin traders and investors searching for signs of what might move the market, a record near-$6 billion worth of bitcoin options are set to expire this Friday, March 26. MORE FROM FORBESMillions Tempted By Stimulus Check Bitcoin Bet After Sudden… Source link