By Ahmed Shabana Even after the major cryptocurrencies experienced an ominous collapse from their all-time highs in April, most are up by 200 percent to 300 percent or more from this point last year. Bitcoin is getting all the headlines, and there are legitimate concerns about its roller coaster nature. Subscribe to the Crunchbase Daily But what about Ethereum? Conceptualized in 2013, Ethereum is an open-source platform that helps to develop and implement new decentralized… Source link

Business Ether fell about 1per cent on Wednesday ahead of a technical adjustment to its underlying ethereum blockchain that would alter the way transactions are processed. FILE PHOTO: A representation of virtual currency Ethereum is seen in front of a stock graph in this illustration… Source link

Key Takeaways Details around Riccardo “Fluffpony” Spagni’s arrest have emerged. The Monero development team has locked certain accounts in case authorities demand information from Spagni. Meanwhile, Spagni and his lawyers have commented on the case, arguing that he can safely be released. Share this article New details around the arrest of Riccardo “fluffypony” Spagni emerged today. One Monero has developer has weighed in, while statements from Spagni and his lawyers have been… Source link

Bitcoin extended its pullback on Tuesday as buyers continue to take profits from the $40,000 resistance level. The cryptocurrency was trading around $38,000 at press time and is down about 4% over the past week. Ongoing regulatory concerns in the U.S. and China have kept some bitcoin buyers on the sidelines, with lower support seen around $34,000 to $36,000. “We expect the pullback to mature in one to two weeks near the 50-day moving average around $34K, after which bitcoin is likely to… Source link

Bitcoin and Ethereum’s minor southward movements have caused altcoins to struggle as they continued to defend their immediate support levels in order to avoid retracing further. Litecoin still held onto the crucial support level while Monero was pictured above its resistance level. DASH also headed downwards to breach its $149 support level.  Litecoin (LTC) LTC/USD, TradingView LTC has been holding well on its $137 support level, over the past couple of days. At press time too, the coin… Source link

Riccardo Spagni, the former developer of the privacy-oriented cryptocurrency Monero, was arrested last month over accusations of fraud. While Monero has attracted controversy for being the ‘vehicle of choice’ for cybercriminals, Spagni — or ‘fluffypony’ — is behind bars on non-crypto related charges. He has been accused of defrauding his former employer, Cape Cookies, of approximately $100,000 by generating false invoices. Similarly, John McAfee faced tax evasion charges, Ross… Source link

The ethereum network runs the ether cryptocurrency, the second-biggest after bitcoin. Dado Ruvic/Reuters A hotly anticipated upgrade is coming to the ethereum network on Thursday, which will change the way transaction fees work and start to destroy coins. It had been scheduled for August 4, but was delayed slightly. The change is technically known as Ethereum Improvement Protocol 1559, or EIP-1559, and will be included in a network upgrade called the “London hard fork.” Here are four… Source link

XMR, Monero’s is quickly becoming a favorite tool for those interested in the anonymity offered by this blockchain network. After a price action that can generously be called a bull run, XMR is on a path to retracement. Something unique about monero is the wick on both sides of the candle indicating an ambiguity in its price action.  XMR Cryptocurrency Price Analysis After hitting a new monthly high of $261 on 30th July 2021, XMR still couldn’t initiate a bullish sentiment since it… Source link

Developers of Monero disclosed a significant bug in the privacy algorithm. XMR/USD is trading bearish on Tuesday amid the strength of the U.S. dollar.  Forex trading participants may look for a sell trade below the $236 level to the target of $225 and $216. The XMR/USD closed at $233.383 after placing a high of $243.379 and a low of $228.300. It dropped for 3rd consecutive session on Tuesday and reached below the $230 level. Therefore, Monero price forecast… Source link

Bitcoin and Ethereum have been the top cryptocurrencies for the past few years. However, there is a belief in certain quarters that Ether would soon surpass Bitcoin to become the leading cryptocurrency in the market. Pantera Capital Believes In The Flippening Bitcoin has always been the number one cryptocurrency since it was created. However, Pantera Capital CEO Dan Morehead believes that might not be the case for long. He believes that Ether would soon surpass Bitcoin thanks to the numerous… Source link