Ethereum Ethereum rose by 5.31% on Tuesday. Following on from a 9.11% rally on Monday, Ethereum ended the day at $2,667.86. A mixed start to the day saw Ethereum fall to an early morning intraday low $2,484.56 before making a move. Steering clear of the first major support level at $2,379, Ethereum rallied to a late afternoon intraday high and a new swing hi $2,683.00. Ethereum broke through the first major resistance level at $2,615 before easing back to $2,605 levels. Finding late support,… Source link

Litecoin founder Charlie Lee spoke on CNBC, explaining the differences between Litecoin and Bitcoin. He reiterated past comments on it being cheaper and faster. But, what’s interesting is that CNBC rarely gives much coverage to LTC, yet Lee had the opportunity to promote his project to a mainstream audience. Litecoin is One of a Few Long-Standing Projects Still Prominent Today Charlie Lee launched Litecoin in October 2011 with the… Source link

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The alleged administrator of Bitcoin Fog kept the dark web service running for 10 years before the IRS caught up with him. For a decade, Bitcoin Fog has offered to obscure the source and destination of its customers’ cryptocurrency, making it one of the most venerable institutions in the dark web economy. Now the IRS says it has finally identified the Russian-Swedish administrator behind that long-running anonymizing system and charged him with laundering hundreds of millions of dollars… Source link

The last couple of weeks have been nothing short of a roller coaster for Ether (ETH), which oscillated between $2,000 and a record-high $2,650. The 20% crash on April 17 caused a $1 billion liquidation on long futures contracts, and it also drastically reduced investors’ appetite for risk. Ether (ETH) USD price at Coinbase. Source: TradingView However, as displayed above, the 28% gain over the last couple of days caused the open interest on Ether futures to reach $8.2 billion, which is just 5%… Source link

Crypto is a midwife for the next generation of finance: A simple set of tools built around a core idea of removing trusted intermediaries could form the foundation for a more secure, robust and innovative economy. Ethereum aims to be “the ultimate, fundamental settlement layer of this” new digital-first world, as Sandeep Nailwal, co-founder of ETH scaling solution Polygon, said. Polygon, which was founded in India, itself was reborn this past year. Founded as the Matic Network in 2017, it… Source link

Bitcoin was up Tuesday despite lower-than-average spot volumes. Meanwhile, ether’s price hits record high and the cyrpto’s dominance is back at February levels. Bitcoin (BTC) trading around $54,840 as of 21:00 UTC (4 p.m. ET). Gaining 1.4% over the previous 24 hours. Bitcoin’s 24-hour range: $52,722-$55,261 (CoinDesk 20) BTC near the 10-hour and well above the 50-hour moving average on the hourly chart, a bullish signal for market technicians. Bitcoin’s hourly price chart on Bitstamp… Source link

Mainstream adoption of cryptocurrency continues to reach new highs in 2021 thanks to the growth of popular sectors like decentralized finance (DeFi) and nonfungible tokens (NFTs).  The explosive growth seen over the past year would not have been possible without the Ethereum network, which saw the price of Ether (ETH) break out to a new all-time high on April 27 following the successful launch of the “Berlin” upgrade on April 15. ETH/USDT 4-hour chart. Source: TradingView Data from Source link

Ethereum (CRYPTO: ETH) was trading at $2,567 at the time of writing, nearing its all-time high of $2,615 recorded on April 22. What Happened: As the second-largest cryptocurrency by market cap continued to trade higher, gas fees on the network dropped to a three-month low, according to data from Santiment. Analysts at Santiment pointed out that gas fees were back at the sub $10 level, recording an average level of $8.14. “This is obviously encouraging, with $ETH… Source link

Ethereum is one of the greatest technological innovations of the 21st Century. Its versatility across a wide range of applications, from transactions for financial services through to digital ledgers across many industries, have established it as one of the most important tools driving digital transformation. However, over the past few years, Ethereum has become far slower and more expensive than it used to be. It can take hours for a transaction to process over the network, and the cost per… Source link