Soon after bitcoin (BTC-USD) startled investors with a rare drop below $30,000 last week, the cryptocurrency has rebounded dramatically in recent days, rising well above $40,000.  The sudden bounce back has cheered bitcoin bulls but also underscored a concern among critics that the volatility of the most popular cryptocurrency makes it useless for the buying and selling of goods.  Pavan Sukhdev, the president of environmental advocacy group WWF International and a former managing director at… Source link

Bullish bias continues despite a bug in Monero (XMR) privacy token Bullish bias surrounding the U.S. dollar keeps the XMR/USD pair under pressure Today’s idea is to place a buy limit at $220 to target $230 and $234 levels. The XMR/USD pair maintained its previous-session bullish bias and remained well in demand over the $225.00 level. Monero price forecast remains slightly bullish on Wednesday, as the pair is still trading in between an upward channel. The… Source link

This week, I’ll discuss the fallout from last Wednesday’s test network issues that revealed a bug in Ethereum’s majority software client, Geth. Though a patched version of Geth software has since been released for London, some users, developers and mining pools are calling for further testing of the upgrade, which is scheduled to go live next week. This article originally appeared in Valid Points, CoinDesk’s weekly newsletter breaking down Ethereum 2.0 and its sweeping impact on crypto… Source link

Ethereum is currently trading at $2,300 following a tremendous rally that has seen its price increase by 28.44% in the past week. The world’s second-largest cryptocurrency is now lining up a test of the $2,600 level of resistance after closing above daily 50 exponential moving average for the first time since June 7. Much of it will also depend on if Bitcoin can close a daily candle above the $40,400 level. This would confirm a bullish breakout on Bitcoin, which would result in a subsequent… Source link

Cardano seems to struggle with the uptrend after hitting a barrier at $1.4. Litecoin corrects from $140 resistance but holds within an ascending parallel channel. Crypto assets across the board are back in the green following a recovery from the correction on Tuesday. Volatility has dominated the market following last week’s selloff, followed by an impressive trend reversal on Monday. Bitcoin rushed to $40,000 before retreating to $36,000 on Tuesday. However, as discussed, the… Source link

Ethereum Ethereum rose by 3.23% on Tuesday. Following a 1.64% gain on Monday, Ethereum ended the day at $2,300.59. A mixed start to the day saw Ethereum fall to an early morning intraday low $2,152.00 before making a move. Steering clear of the first major support level at $2,122, Ethereum rallied to an early afternoon intraday high $2,321.00. Falling short of the first major resistance level at $2,387, however, Ethereum eased back to end the day at sub-$2,310. At the time of writing, Ethereum… Source link

Bitcoin took a breather on Tuesday after a near-20% price rally over the past few days. The cryptocurrency declined from $40,000 resistance as Amazon denied rumors it will accept bitcoin payments. Bitcoin was trading around $37,000 at press time and is down about 4% over the past 24 hours.  Technical data suggests lower support around $34,000 could stabilize the current pullback.  “Going forward, we expect bitcoin to keep pushing higher and test the upper end of the $30,000-$42,000 trading… Source link

Bitcoin fell below $37,000 after briefly surpassing $40,000 following Amazon.com’s denial that its job posting for a digital currency executive meant that it will accept the token for payments this year. It later recovered to over $38,000. Earlier Monday, the job posting from the retail giant seeking an executive to develop the company’s “digital currency and blockchain strategy” had stirred questions among analysts over whether the… Source link

A “significant” decoy selection bug has been reported for Monero via the project’s official Twitter handle. According to the investigation, carried out by software developer Justin Berman, the bug “may impact your transaction’s privacy” during a brief window of time after funds have been received. If users spend funds immediately following the lock time in the first 2 blocks allowable by consensus rules (~20 minutes after receiving funds), then there is a good probability that… Source link

Monero (XMR) Software Developer Discovers Privacy Bug Affecting Monero’s Decoy Algorithm Users’ privacy are no longer guaranteed on privacy-focused cryptocurrency protocol Monero (XMR) due to the presence of a software bug in its decoy selection algorithm. Users Who Spend Monero Faster At More Risk Of Exposure According to a statement made by Monero (XMR), the bug was investigated by software developer Justin Berman. The bug, which reveals a real transaction from hundreds of decoys, only… Source link