Leading the crypto market for the past month, Ethereum still displays conviction as it moves back to previous highs. The second cryptocurrency by market cap has slow down in the past day, but still seems bullish to records more gains in the short term. At the time of writing, ETH trades at $3,157 with a 2% loss in the daily chart. After the EIP-1559 was introduced with the Hard Fork London, Ethereum took a stronger momentum to the upside. ETH with minor losses in the 24-hour chart. Source: Source link

The daily supply of Ethereum is under heavy pressure as the leading smart contract platform now burns thousands of ETH per day. Etherchain, an Ethereum on-chain monitoring tool, shows that the second-largest crypto asset is now torching 4.23 ETH per minute, which equates to 6,091.2 ETH burned per day, worth over $19 million at time of writing.   Etherchain also indicates that the network has burned a total of 54,482 ETH, worth over $172 million, since Ethereum launched the London… Source link

Seven years ago, eight brainiacs with diverse talents and lofty ambitions broke bread in Zug, Switzerland, and hashed out the future of what would become the world’s busiest blockchain. Get Our Icahn eBook! Get our entire 10-part series on Carl Icahn and other famous investors in PDF for free! Save it to your desktop, read it on your tablet or print it! Sign up below. NO SPAM EVER Q2 2021 hedge fund letters, conferences and more With Ethereum, the enterprising octad sought… Source link

A hero reports the first and second Monero Atomic Swaps on the mainnet. This is a great day for decentralization and privacy, if you believe in such things. As Seth For Privacy reports, “You can, today, swap Bitcoin <> Monero directly peer-to-peer, over Tor, with no custodian or trusted 3rd-party, no KYC (Know Your Customer) info, nothing.” And he should know, because he and an unknown bitcoiner were the first persons to ever do it. XMR <-> BTC atomic swaps… Source link

Ethereum Ethereum fell by 4.97% on Monday. Reversing a 1.36% gain from Sunday, Ethereum ended the day at $3,146.6. A bullish start to the day saw Ethereum rise to an early morning intraday high $3,341.47 before hitting reverse. Falling short of the 23.6% FIB of $3,369 and the first major resistance level at $3,385, Ethereum slid to a late intraday low $3,135.00. Ethereum fell through the first major support level at $3,175 to end the day at sub-$3,150 levels. At the time of writing, Ethereum was… Source link

John Oliver, the host of the American satirical show ‘Last Week Tonight,’ took aim at privacy coin Monero (CRYPTO: XMR). What Happened: In a 22-minute segment speaking on ransomware, John talked about a Monero promotional video and said, “There’s a pretty clear subtext to what they’re selling there.” The ad shows potential users of Monero that they could be their own bank and “escape government repressions and nosy neighbors or crooks.” Mocking the video, John said, “It’s like seeing a… Source link

The product comparison website Finder has published a report that polled 42 financial technology (fintech) specialists and found the average forecast from the group indicates they believe the crypto asset litecoin will be worth more than $200 by the end of 2021. The crypto asset launched by Charlie Lee in 2011, has been trading for prices between $175 and $187 over the last three days. Average Prediction Among 42 Fintech Specialists Say Litecoin Will Tap… Source link

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The crypto community — but most of all, the Bitcoin (CRYPTO: BTC) community — is pointing out the disastrous consequences of the Richard Nixon administration’s decision to take the dollar off of the gold standard in 1971, exactly 50 years ago. What Happened: The Bitcoin community caused the #wtfhappenedin1971 hashtag to go viral on Twitter Inc.(NYSE: TWTR) to attract public attention to the damage that fiat money has done to the world’s economy. A website dedicated to sharing data of the… Source link

Litecoin price closes in on the double bottom measured move price target of $191.00 after a 10.82% rip on August 13. LTC breaks away from the 50-week simple moving average (SMA) and logs the best weekly gain since the beginning of May. A bearish momentum divergence appears on the intra-day timeframes as the Relative Strength Index (RSI) does not confirm Litecoin price highs. Litecoin price had been paralyzed by the 2019 high at $146.00 and the 50-week SMA from the end… Source link