Technical analysts weigh in on where bitcoin prices will head next. (Photo Illustration by Thiago … [+] Prudêncio/SOPA Images/LightRocket via Getty Images) SOPA Images/LightRocket via Getty Images Bitcoin prices experienced some notable volatility today, dropping below $50,000 following a highly visible tweet from Elon Musk and then recovering. The digital currency plunged more than 15% between roughly 6 and 8 p.m. EDT, reaching $46,294.72, according to CoinDesk data. … Source link

Vitalik Buterin, Ethereum’s co-founder © 2017 Bloomberg Finance LP Ethereum co-creator Vitalik Buterin has moved $1.3 billion worth of ether, almost all of his holdings, from his main public address to a separate wallet.  Buterin disclosed his main ether address in October 2018, and until approximately six hours ago, the wallet held more than 320,000 ether, the blockchain’s native cryptocurrency. Then, at 1:18 PM EST the ethereum inventor transferred 325,001 ether to a Source link

Ethereum (CRYPTO:ETH) and Ethereum Classic (CRYPTO:ETC) are two cryptocurrencies running on the Ethereum blockchain. Ethereum Classic is the old version of Ethereum that executed smart contracts with a Proof-Of-Work platform. Following a hack on the platform, Ethereum worked on the code to switch the execution of smart contracts from Proof-Of-Work to Proof-Of-Stake to avoid another hack in the future. Below is a technical look at the charts. See Also:… Source link

Just weeks after Tesla started accepting Bitcoin as currency for cars, Elon Musk revealed in a tweet that it will “suspend” the effort. According to the release (Tesla does not appear to have a functioning press office), the company is “concerned about rapidly increasing use of fossil fuels for Bitcoin mining and transactions.”  A study last year estimated bitcoin mining used 7.46 GW of electricity on average, and the same study puts the number right now at 16.71 GW. That would represent… Source link

Vitalik Buterin, Ethereum’s co-founder getty Ethereum’s co-founder Vitalik Buterin, who became the world’s youngest known crypto billionaire less than two weeks ago, has donated over $1 billion in crypto to the India Covid Relief Fund and a range of other charities. He made the donation by offloading massive amounts of dog-themed meme tokens, which he was gifted by the creators of Shiba Inu coin (SHIB), Dogelon (ELON) and Akita Inu (AKITA). These cryptocurrencies have… Source link

Text size Dreamstime An SEC staff statement on Bitcoin and mutual funds is making some analysts think that the agency is leaning against approving a Bitcoin exchange-traded fund in the near-term, potentially dashing the industry’s hopes that this is the year an ETF is approved. At least six Bitcoin ETF applications have been submitted to… Source link

Bitcoin (BTC) remains in a state of calm, but not social media. Ever since Facebook CEO Mark Zuckerberg shared the pic of his pet goat named Bitcoin on Tuesday, the Crypto Twitterati are abuzz with speculation and predicting a moon shot for the biggest cryptocurrency by market value.  But one analyst studying patterns in price charts says the cryptocurrency may suffer a deeper pullback before resuming the uptrend. The prediction is based on the MACD histogram’s recent drop below zero… Source link

The price of cryptocurrency ethereum has surged in recent weeks. It still has “significant” upside, says FalconX’s Aya Kantorovich. She shared nine digital tokens to take advantage of ethereum’s tailwinds. See more stories on Insider’s business page. A revolution in the financial world is brewing, and quickly.  The digital asset space… Source link

The past few days in cryptocurrencies have been among the most striking yet: a token just days old hit a $45 billion market value, Dogecoin was used to pay for a space mission and Ether scaled new peaks. As day traders and Wall Street pros strive to make sense of it all, Yassine Elmandjra, crypto analyst at Cathie Wood’s Ark Investment Management LLC, is focused on what the sector represents for him: a new paradigm for transferring and preserving wealth, with Bitcoin and Ether at the… Source link

Bitcoin and cryptocurrency prices have exploded this year, helped higher by the Federal Reserve pumping trillions of dollars into the system in order to bolster an economy ravaged by the coronavirus pandemic. The bitcoin price has soared to around $60,000 per bitcoin, up from just under $10,000 this time last year. Meanwhile, rival cryptocurrency prices, including ethereum and a range of smaller competitors, have also leaped higher (while “joke” memecoins have also surged). Now, as… Source link