Monthly Archives: March 2021

Watch Out for These Risks Before Investing in Bitcoin or Ether

There are a number of risks associated with holding and investing in cryptocurrencies. In the latest CoinDesk Research report, we look at seven different risks, from the regulatory to the technological, that affect bitcoin and ether, and whether you’d want to hold these assets for the long term.  Here is a brief overview of three of those risks, identified in the report “Bitcoin + Ether: An Investor’s Perspective.” 1. Regulatory Twelve years after the creation of the world’s first… Source link

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Bitcoin’s price is skyrocketing — so is its carbon footprint

As the price of bitcoin soars past $56,000, the cryptocurrency’s negative environmental impact is becoming harder to ignore. Energy-hogging crypto miners have been blamed for power outages in Iran, while China — a crypto mining hotbed — is cracking down on the practice as it takes a heavier hand with polluting industries. More such crackdowns may be needed to keep crypto’s carbon emissions under control. According to research released this week, bitcoin’s record-high prices have… Source link

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Short Pullback Can’t Be Ruled Out

The Litecoin price is in a slow uptrend as the ongoing strength of the cryptocurrencies industry continues. LTC is trading at $210, which is 40% above last week’s low of $150. It has a market cap of more than $14 billion and is the 9th largest crypto project in the world. LTC news: There have been no major Litecoin-related news. Instead, the ongoing rally is mostly because of the $1.9 trillion stimulus package that Joe Biden signed into law yesterday…. Source link

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This month’s Ethereum options expiry suggests ETH’s upside is limited

To date, Ether (ETH) price has gained 85% in 2021, and options traders are still highly optimistic about the altcoin’s short-term performance. The upcoming March 26 expiry holds over 96,000 ($172 million) call option contracts open interest between $2,240 and $3,520. Does a 25% or higher gain correctly reflect the current market sentiment, or are these traders simply over-optimistic about Ether’s odds? Ether price in USD. Source: TradingView Even though the effective price for the right to… Source link

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Litecoin price is breaking out to new yearly highs

Litecoin price broke out of an ascending triangle pattern on the 4-hour chart. LTC faces only one significant resistance area on the way up. Litecoin bulls are eying up a price target of $265 in the long-term.  Litecoin has been trading in an uptrend for the past two weeks and has finally broken out of a key pattern on the 4-hour chart. LTC bulls face weak resistance ahead of a new 2021-high above $250. Litecoin price on its way to new 2021 highs On the 4-hour… Source link

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‘Keanu’ Explained: What It Means to Merge Two Ethereum Projects – Yahoo Finance

In the traditional business world, corporate mergers often create behemoths that come to dominate markets and, on occasion, drive political leaders to break them up again.  This is the story of a merger in the making, but in the decentralized world of blockchain-based projects it might help to set aside all prior assumptions about what a “merger” means.  Two encryption projects, Keep and NuCypher, both running on the Ethereum blockchain, have begun discussing what they are calling a… Source link

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How To Buy Bitcoin: A Comparison Of 11 Ways – Forbes

Share to Facebook Share to Twitter Share to Linkedin In first place: a product traded in Toronto. Brian Armstrong, founder of Coinbase Jamel Toppin/Forbes Collection What’s the best way to invest in cryptocurrency? Here I survey 11 possible answers. They appear in descending order of how favorably I view them, but, as the details will make clear, your preferences may vary. Large, long-term investors will prefer #2 to #1. #1. Purpose Bitcoin ETF This new… Source link

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A bitcoin ‘fear gauge’ measuring the cryptocurrency’s volatility has begun trading for the first time | Currency News | Financial and Business News

The bitcoin price hit a record high of $49,998 on the Binance exchange Ozan Kose/Getty Images A bitcoin “fear gauge,” similar to the Cboe Volatility Index (VIX) investors use to gauge volatility in the stock market, saw its first trades on Wednesday. The T3i BitVol Index measures the expected 30-day implied volatility in bitcoin derived from tradable bitcoin option prices. It was launched in July 2020 by T3 Index, a research-driven financial firm. It also has a separate index for… Source link

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Litecoin (LTC) Stuck Consolidating Below Long-Term Resistance

The Litecoin (LTC) price has been decreasing since it was rejected by the long-term $238 resistance area. Litecoin is currently trading between resistance and support. While technical indicators are leaning bullish, a breakout is required for the bullish trend to be confirmed. Rejection from Long-Term Resistance Litecoin has been decreasing since Feb. 20, when it reached a local high of $248. The rejection holds more importance since it occurred right at the 0.618… Source link

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