CoinShares chief strategy officer Meltem Demirors provides insight into the latest cryptocurrency headlines.  Bitcoin was flirting with its biggest monthly decline on record as May comes to an end.  Bitcoin, the largest cryptocurrency by market capitalization, was on track to close down 36% for May at $36,509 per coin. A finish below $34,885 would cement the cryptocurrency’s worst month on record.  Bitcoin prices came under pressure in May amid concerns the cryptocurrency market… Source link

Business Cryptocurrency Ethereum extended gains to rise more than 8per cent on Monday to US$2,587 but remained 40per cent below a record high of above US$4,300 hit earlier this month. FILE PHOTO: A representation of virtual currency Ethereum is seen in front of a stock graph in this… Source link

TipRanks 3 ‘Strong Buy’ Stocks with 100% Upside Potential Every stock investor wants a strong return; that’s axiomatic, it’s why people get into the stock market to begin with. But the markets are inherently risky, and finding the sweet spot – the right combination of risk and reward – seems as much an art as a science. You can use science, however, to minimize the risk. We’re talking about statistical science, the study of numbers, their patterns, and the relationships between… Source link

Cryptocurrency price turmoil has gripped markets over the last few weeks, with ethereum, the second-largest cryptocurrency after bitcoin, losing around 50% of its value. The bitcoin price has also fallen sharply from its all-time high of almost $65,000 per bitcoin set in mid-April, with fickle Tesla TSLA billionaire Elon Musk and fears of a China bitcoin and crypto crackdown taking the wind out of bitcoin’s sails. Now, Todd Morley, the co-founder and former executive of investment… Source link

Check out what’s clicking on FoxBusiness.com. Bitcoin was volatile early Monday morning beginning the day at $34,518 before trending higher again, topping out at $36,207 slightly after 4:30 a.m. Eastern time, Coindeck reported. At approximately the same time, Ethereum and XRP were both up, with Ethereum in positive territory up 0.24% at $2,446 and XRP up 13.49% at $0.997794. Dogecoin was at $0.30, down 0.10, Coinbase reported. New York Stock Exchange Chair Stacy Cunningham, speaking on… Source link

Follow us @crypto for our full coverage. The relative resilience of Ether in May’s cryptocurrency rout has put the spotlight back on the idea that the second-largest digital token could one day overtake Bitcoin by market value. Right now the largest virtual currency is more than twice as big as Ether but the gap narrowed by about $350 billion in May, courtesy of one of Bitcoin’s worst drops and a smaller retreat in Ether. Fans of Ether cite its popularity for… Source link

Bitcoiners can now swap BTC for Monero‘s (XMR) privacy coins without the need for a trusted intermediary, thanks to atomic swaps developed by an Australian team. The tools developed by CoBloX, a five-member blockchain research team based in Sydney’s Northern Beaches, allow strangers who don’t trust each other to safely swap their Monero tokens for Bitcoin and vice versa. In simple terms, the funds are locked away cryptographically and if both parties don’t complete the… Source link

Ethereum Ethereum rose by 4.69% on Sunday. Reversing a 5.49% loss from Saturday, Ethereum ended the week up by 13.72% to $2,387.66. A bearish start to the day saw Ethereum fall to an early morning intraday low $2,182.2 before making a move. Steering clear of the first major support level at $2,134, Ethereum rallied to a late morning intraday high $2,480.69. Falling short of the first major resistance level at $2,501, Ethereum eased back to sub-$2,400 levels. At the time of writing, Ethereum was… Source link

Australia-based COMIT Network, a research and development (R&D) workgroup, recently announced that “trustless” atomic swaps between Monero (XMR) and Bitcoin (BTC) are currently live on Mainnet. According to a release, this allows users to trade XMR for BTC without having to trust a third-party or intermediary (or even the trading counterparty). Users are able to seamlessly conduct trades globally without using a “regulated” financial institution. The XMR digital currency is… Source link

Cardano and Ethereum will both make big leaps forward this year. Once you’ve dipped your toe in the crypto waters, you’ll discover that Bitcoin (BTC) and Ethereum (ETH) are only the tip of the iceberg. They may be the biggest and most well-known cryptocurrencies, but they’re not perfect. Both face two big issues: high carbon footprints and slow transactions. And while it is possible to layer solutions onto these coins, there are newer, cheaper, and faster cryptocurrencies that consume a… Source link