As the broader crypto world enjoys a late summer surge in enthusiasm, more and more blockchain developers who have taken the plunge are bumping into the blaring scaling issues faced by decentralized apps on the Ethereum blockchain. The popular network has seen its popularity explode in the past year but its transaction volume has stayed frustratingly stable as the network continues to operate near its limits, leading to slower transaction speeds and hefty fees on the crowded… Source link

After a bearish start to the week for Bitcoin and the broader market, it’s been a bullish morning for Bitcoin and the broader crypto market. At the time of writing, Bitcoin, BTC to USD, was up by 1.94% to $47,919.0. A mixed morning saw Bitcoin fall to an early morning intraday low $46,725.0 before making a move. Steering clear of the first major support level at $46,297, Bitcoin rose to a late morning intraday high $48,098.0. Falling short of the first major resistance level at $48,319,… Source link

Check out what’s clicking on FoxBusiness.com. Bitcoin was trading 0.78% lower Tuesday morning. The price was around $47,789 per coin, while rivals Ethereum and Dogecoin were trading around $3,350 (+4.74%) and 27.5 cents (-2.30%) per coin, respectively, according to Coindesk. PAULSON SAYS CRYPTOCURRENCIES WILL EVENTUALLY BE ‘WORTHLESS’ Hackers reportedly are using the non-custodial, privacy-focused Wasabi wallet to protect around $97 million in cryptocurrency which was stolen from… Source link

Bitcoin (BTC) saw fresh local lows on Tuesday as limp price action diverged further from bullish sentiment. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin evades bullish continuation Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reversing at $46,700 on Bitstamp after dropping $2,000 in hours. Part of a multi-day rangebound construction, the dip resulted in a push toward $48,000, with bulls still unable to gather momentum for an attack on $50,000. For… Source link

Ethereum Ethereum rose by 0.08% on Monday. Reversing a 0.66% loss from Sunday, Ethereum ended the day at $3,229.01. A mixed start to the day saw Ethereum fall to an early morning intraday low $3,145.45 before making a move. Ethereum fell through the first major support level at $3,158 before rallying to a late intraday high $3,349.00. Ethereum broke through the first major resistance level at $3,292 before ending the day at sub-$3,230 levels. At the time of writing, Ethereum was up by 0.43% to… Source link

Hundreds of protesters took to the streets of El Salvador to raise their voices against President Nayib Bukele’s decision to make Bitcoin (CRYPTO: BTC) legal tender. What Happened: On Sept 7, Bukele will introduce the much-debated Bitcoin Law in the country. According to the text of this Law, all economic agents must accept Bitcoin along with the dollar as a means of payment. Bukele says that the Bitcoin Law will benefit the people and save close to $400 million in remittance commissions. In… Source link

Venture capitalist Bill Gurley has taken a personal position in ether because he “was swayed by the arguments of the ethereum crowd.” He explained that it is “the smarter way to play if you’re going to have crypto exposure.” Bill Gurley Prefers Ethereum to Bitcoin Bill Gurley, a general partner at Benchmark, a Silicon Valley venture capital firm in San Francisco, California, shared his view on cryptocurrency in an interview with Bloomberg last week. He began by admitting… Source link

The below is from a recent edition of the Deep Dive, Bitcoin Magazine‘s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now. With the price of bitcoin hovering near $50,000, momentum has returned to the market and strong hands have accumulated more bitcoin than ever. A 2013-style double bubble is in the cards. The 2013 cycle saw the price of bitcoin draw down 75% from the highs before… Source link

Very few events can shake the cryptocurrency markets in a sustainable manner that really sends Bitcoin and altcoin prices into a sharp directional move. One example is when Xi Jinping, China’s President, called for the development of blockchain technology throughout the country in October 2019.  The unexpected news caused a 42% pump in Bitcoin (BTC), but the movement completely faded away as investors realized China was not altering its negative stance on cryptocurrencies. As a result, only… Source link

Following the market-wide trend of consolidation, the altcoin industry also witnessed the same price sentiments. ADA, for instance, started to depict range-bound movement after hitting an all-time high, a few days ago. Litecoin recorded a minor dip of 3.3%, while eyeing the $161.90 support line as buying pressure lost strength. Lastly, VeChain remained consolidated within $0.127 and $0.115 levels.  Cardano (ADA) ADA/USD, TradingView ADA dipped on its chart by 1.7% over the last 24 hours… Source link