Institutions have been at the forefront of the crypto bull run seen since Q4 2020, but now retail investors have been taking the center stage as well. Bitcoin (BTC) is getting more popular all around the world and it officially became a legal tender in El Salvador on Sept. 7, making it a landmark event for retail and sovereign adoption of the asset. However, it turned out to be a chaotic event for the premier cryptocurrency token as the country celebrated “Bitcoin Day.” Soon after the day… Source link

Second, the implications: This path towards adoption was not what we expected. What El Salvador’s move to use bitcoin directly suggests is that dollarized nations, or those who use another countries currency and in doing so become subject to their monetary policy decisions, may prefer bitcoin’s non-monetary policy to either domestic or imported control. That’s in sharp contrast to nations like India, China and the US who use their currencies and controls over it to accomplish policy… Source link

The more durable critter is now thriving, but may quickly become among the most expensive pets ever: at the time of writing and roughly 16 hours since its publication, caretakers have interacted with the contract 3,300 times, spending over 13 ETH in gas fees worth over $43,000. Meanwhile, in the physical world, a cloned dog costs $50,000. Source link

Does Bitcoin’s recent flash crash mean Warren Buffett is right to hate crypto? The past month and a half has been bumpy for Bitcoin. After a bully first quarter of 2021 that led to an all-time peak of $63,000 per unit in mid-April, the world’s leading digital currency now hovers around $45,000, thanks in large part to a Tuesday flash crash of roughly 15%. Holdout investors who only a couple of weeks ago may have thought they’d missed an opportunity of a lifetime are now sighing with relief;… Source link

In March 2021, Sebastian received a Tweet from an account he thought was the real Elon Musk. “Dojo 4 Doge?” read the message from an account purportedly run by Musk’s team, describing a competition that promised to double the amount of crypto sent in by participants. Sebastian, who lives in Cologne, Germany, later told BBC that while he had some apprehensions, the website he was directed to looked legitimate, and the potential returns were too good to turn down. It wasn’t long before… Source link

Ethereum Ethereum slid by 6.26% on Friday. Following a 2.13% decline on Thursday, Ethereum ended the day at $3,209.82. A mixed start to the day saw Ethereum rise to an early morning intraday high $3,514.37 before hitting reverse. Falling short of the first major resistance level at $3,531, Ethereum fell to a late intraday low $3,142.67. Ethereum fell through the first major support level at $3,356 and the second major support level at $3,287. The sell-off also saw Ethereum fall through the 23.6%… Source link

“Slow and steady wins the race,” is a saying as old as time. In fact, it still holds true for a lot of things. When talking about the same in the context of cryptocurrencies, many have often associated it with Litecoin. However, the “digital silver” has been challenging the notion of late with its impressive rallies and price action.  Litecoin has made some impressive gains this season. This, despite the fact that it wasn’t unaffected by the flash crash a few days ago and… Source link

Decided you want in on the action? You can buy ETH on Coinbase, Gemini, and eToro. Ethereum was invented in 2013 by Vitalik Buterin as an ambitious project that seeks to apply blockchain technology to more than just money. Through the use of smart contracts, developers can create and run elaborate systems on the Ethereum network that do much more than move currency from 1 wallet to another. In fact, entire applications have been built on the Ethereum network.  Ethereum’s… Source link

This week’s “flash crash” that dragged bitcoin (BTC-USD) back below $50,000 — and sent other digital coins reeling in its wake — marred what should have been the momentous occasion of the first sovereign country on earth adopting a cryptocurrency as legal tender.  Despite the ugly price action, most of crypto’s true believers are still just that — even as some observers question bitcoin’s head-spinning volatility, and El Salvador’s decision to throw its weight behind it.  Michael… Source link

In the ever-evolving world of cryptocurrencies and blockchain technology, the race to establish a highly scalable, user-friendly network capable of being adopted on a global scale is a never-ending marathon where new competitors regularly join in on the race.  Bitcoin is undoubtedly the market leader when it comes to network security, active users and market capitalization value, while Ethereum has thus far established itself as the top smart contracts platform, but the continued difficulty… Source link