Ether is a type of cryptocurrency, and Ethereum is the blockchain technology behind it. Ethereum; Alyssa Powell/Insider Ethereum is a general-purpose decentralized computing platform that uses blockchain technology. Ether (ETH) is Ethereum’s native currency, and it is currently the second-largest cryptocurrency by volume. Despite its popularity and wide applications, Ethereum remains a highly speculative investment. Visit Insider’s Investing Reference library for more stories.

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Tuesday, August 24, 2021 A ‘maximalist’ vision of bitcoin means every company will be a crypto company. Oh what a difference a summer makes. Bitcoin’s (BTC-USD) slow but steady rebound from its spring lows saw the crypto unit top $50,000 on Monday, with the latest move greased by PayPal’s (PYPL) announcement that it would let U.K.-based… Source link

Monero (XMR), the largest privacy-focused cryptocurrency by market capitalization, has posted a 20% price surge following the launch of the Atomic Swap implementation program last week. On Friday, the Monero Project officially announced a rollout of the Atomic Swap implementation developed by the cross-blockchain protocol COMIT, aiming to simplify trades between XMR and Bitcoin (BTC). Following the launch of Monero Atomic Swaps, XMR has seen a notable surge, with its price rising from around… Source link

Ethereum Ethereum rose by 2.52% on Monday. Following a 0.47% gain on Sunday, Ethereum ended the day at $3,323.12. A mixed start to the day saw Ethereum fall to an early morning intraday low $3,233.19 before making a move. Steering clear of the first major support level at $3,155, Ethereum rallied to a late intraday high $3,378.60. Ethereum broke through the first major resistance level at $3,301 and the 23.6% FIB of $3,369 before a late pullback. The pullback saw Ethereum fall back through the… Source link

, ETMarkets.com| 24 Aug 2021, 10:30 AM IST 1/8 Unworthy Candidates It might be time to remind the millennials that all that glitters is not gold. At least some cryptocurrencies — the new-age investment asset class — are on the verge of extinction. After all, not all tokens are created equal. Here are some cryptocurrencies that may be unworthy of a slot in your investment portfolio: iStock 2/8 1. Shiba Inu Holders of the meme tokens are not giggling anymore. Shiba Inu promised to deliver a whole… Source link

Prominent crypto strategist and trader Michaël van de Poppe is keeping a close watch on XRP, Litecoin and two other altcoins that he says are close to waking up. In a new strategy session, the analyst tells his 116,000 YouTube subscribers that XRP is poised to rally and print a new all-time high.   “When you look at the USDT values of XRP, you can actually derive Fibonacci extension to make the next target zone. So when we do that by Fibonacci retracement, and we do it like… Source link

Bitcoin stalled after approaching the $50,000 resistance level on Monday. The cryptocurrency was trading at about $49,500 at press time and is up about 8% over the past week. Analysts expect a period of consolidation ahead of Friday’s option expiration date and news from the Federal Reserve’s annual economic policy symposium in Jackson Hole, Wyo.  “The trend is bullish; however, caution is to be exercised at these levels due to the decline in volume as well as resistance from April and… Source link

Bullish investors in bitcoin are cheering the virtual asset’s reclamation of a perch above $50,000 over the weekend, but the rally back above that threshold only served to renew bold predictions that the world’s No. 1 crypto will end the year at or above $100,000 a coin. “Bitcoin has recaptured $50,000; a big psychological victory for the cryptocurrency that will no doubt get people talking about how long it will be until we’re back in record… Source link

While bitcoin and a slew of other crypto assets have seen significant gains during the last month, a number of privacy-centric crypto assets have jumped in value as well. Monero has gained 19.4% over the last week, the token horizen jumped 6.8%, and zcash has spiked over 7% during the last seven days. Privacy-Centric Coins See Double-Digit Gains Over the Last Month Six of the most popular privacy coins are seeing… Source link

As of 10:30 a.m. EDT Monday, Monero (CRYPTO:XMR) coins were changing hands at $321.35 apiece — up 14.55% over the prior 24 hours on very heavy trading volume. The token’s rally was part of a broader cryptocurrency upswing, and also propelled by growing concerns about Bitcoin‘s (CRYPTO:BTC) non-fungibility problem. Monero is the largest privacy cryptocurrency in the world, with a market cap of $5.76 billion.   Image source: Getty Images. So what