Ethereum continues to get fundamentally stronger in terms of becoming a decentralized financial layer and almost a quarter of the supply is now locked in smart contracts. Industry observer and ETHhub founder, Anthony Sassano, has noted that the amount of ETH locked into smart contracts is similar to that during the DAO event in mid-2016. “The amount of ETH in smart contracts is now at a similar level to what it was during The DAO event (around 23% of all ETH).” He added that at the time, it… Source link

Ten years ago, Sandra Ro was working in finance in London when some currency-trading friends told her about bitcoin. The cryptocurrency had been released only a couple of years previously and was still far from a global phenomenon. “Bitcoin was only really known in geeky tech circles and eventually currency traders in London found out about it around 2010,” says Ro. She invested in the cryptocurrency, made a substantial fortune and is now chief executive of the Global Blockchain… Source link

Topline As the cryptocurrency market’s weeks-long rut continues, Tesla’s billionaire CEO Elon Musk took to Twitter Sunday afternoon to refute claims that he engaged in a bitcoin pump-and-dump scheme earlier this year and said the electric-vehicle company would once again invest in the world’s largest cryptocurrency once its mining operations constitute a “reasonable” amount of clean energy usage. Elon Musk in March 2020. AFP via Getty Images Key Facts “This is not… Source link

Tesla TSLA chief executive Elon Musk may no longer be the bitcoin community’s favorite tech billionaire but he can still move the bitcoin price. Musk, who has alienated many in the bitcoin space over recent months with his tongue-in-cheek support of “joke” cryptocurrency dogecoin, sent the bitcoin price sharply higher on Sunday afternoon. Sign up now for Billy Bambrough CryptoCodex—a free, new, daily newsletter that gets you up to speed and ahead of the market. Arriving in your… Source link

Monero, the latest cryptocurrency, is claimed to have a great privacy feature that is not easily breached by any tracking tools. Aside from this, security experts claimed that it can allow the consumers as anonymous as they want to be.  (Photo : Photo by Jack Taylor/Getty Images)In this photo illustration of the ethereum, ripple and litecoin cryptocurrency ‘altcoins’ sit arranged for a photograph on April 25, 2018 in London, England. Cryptocurrency… Source link

BackyardProduction / iStock.com Cryptocurrencies have skyrocketed in popularity recently and this trend shows no signs of slowing. Given all the talk around these digital assets, you might be wondering whether now is the time to invest. But before pulling the trigger, it’s always a good idea to have an understanding of the underlying asset. Cryptocurrency is no exception and it is quite different than investing in stocks or bonds. Show Support: It’s Not Too Late To Nominate Your Favorite… Source link

Ethereum Ethereum fell by 4.71% on Friday. Following on from a 5.35% decline on Thursday, Ethereum ended the day at $2,355.27. A mixed start to the day saw Ethereum rise to an early morning intraday high $2,499.34 before hitting reverse. Falling short of the first major resistance level at $2,588, Ethereum slid to a late intraday low $2,322.16. The reversal saw Ethereum fall through the first major support level at $2,392 before steadying to end the day at $2,350 levels. At the time of writing,… Source link

Bitcoin has stuck to the $37,000 level over the past 24 hours while ether slid. Bitcoin (BTC) trading around $37,275 as of 21:00 UTC (4 p.m. ET). Gaining 2.4% over the previous 24 hours. Bitcoin’s 24-hour range: $36,010-$37,536 (CoinDesk 20) Ether (ETH) trading around $2,397 as of 21:00 UTC (4 p.m. ET). In the red 1.8% over the previous 24 hours. Ether’s 24-hour range: $2,377-$2,492 (CoinDesk 20) Bitcoin sentiment mixed Bitcoin’s hourly price chart on Bitstamp since June 8.Source:

Bitcoin’s (BTC-USD) chances of falling below $10,000 have increased significantly since mid-April, according to betting aggregators US-Bookies.com. The odds that Bitcoin drops to $10,000 in 2021 were 8/11 (57.9% implied probability), a sharp increase from mid-April, where the odds were 4/1 (20%). “The latest trends have not indicated a positive outcome for the popular cryptocurrency,” a US-Bookies spokesperson said. Bitcoin rose over $2,000 Thursday after the Basel Committee recognized… Source link

EL ZONTE, El Salvador (AP) — After El Salvador’s congress made the bitcoin legal tender this week, eyes turned to this rural fishing village on the Pacific coast. Known to surfers for its pounding waves, El Zonte has had the cryptocurrency in its economy for the past year. Some 500 fishing and farming families use bitcoin to buy groceries and pay utilities, something the government envisions for the country at large. Bitcoin already was legal to use in El Salvador but its acceptance was… Source link