What Happened: The founder and chief executive officer of one of the world’s largest independent financial advisory organizations believes that Ethereum (CRYPTO: ETH) will outperform Bitcoin (CRYPTO: BTC) for the rest of the year. deVere Group CEO Nigel Green told City AM on Wednesday that Ethereum’s recent run of good form and operability improvements has not gone unnoticed. “Ethereum is outperforming Bitcoin and it can be expected to continue this trend for the rest of 2021,” he… Source link

Bitcoin and Ethereum slowly started to reverse their losses, however, altcoins saw some independent movement on the charts. Tezos climbed by 2% while Monero traded below its $257.25 support level. Finally, NEM recorded sideways movement on its own price chart.  Tezos [XTZ] XTZ/USD, TradingView XTZ reversed some of its recent losses as it climbed up by 2% over the last 24 hours. It bounced off the $3.25 support level as the alt was priced at $3.45. XTZ eyed the immediate resistance level of… Source link

Key Takeaways A new Optimistic Rollup created by Enya and OMG Network has gone live on mainnet. Boba Network will be competing with the likes of Optimism and Arbitrum. Unlike other rollups, Boba Network offers fast transfers to Ethereum mainnet. Share this article Enya and OMG Network have released the mainnet beta of a new Layer 2 Optimistic Rollup called Boba Network.  Boba Network Goes Live A new Layer 2 solution created by Enya in collaboration with OMG Network has gone live on… Source link

Bitcoin (BTC) neared a critical breakout point on Aug. 19 as bulls sought to transform this week’s downtrend into a battle for resistance. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Buyers and sellers close in on BTC Data from Cointelegraph Markets Pro and TradingView tracked BTC/USD as it repassed $45,000 on Thursday, climbing to highs of $45,490 on Bits The move came on the back of United States bank Wells Fargo revealing that it had partnered with NYDIG to launch a Bitcoin… Source link

Following southbound price movements in the broader crypto-market, the altcoin industry saw a lot of profit-taking. Altcoins such as Litecoin, MATIC, and Uniswap all retreated on their charts by 2.7%, 1.7%, and 2.8%, respectively. LTC traded close to the $161.90 support line while MATIC eyed the $1.28 price floor. Finally, UNI cut below its immediate support level of $26.07. Litecoin [LTC] LTC/USD, TradingView LTC declined by 2.7% over the last 24 hours at it traded at $166.67. The alt was… Source link

Vitalik Buterin. John Phillips/ Getty images Vitalik Buterin has cast doubt on whether Jack Dorsey and Mark Zuckerberg’s crypto-related projects can fulfill their promise. Dorsey’s DeFi project based on bitcoin for payments company Square is functionally impractical, the co-creator of ethereum said. A “huge amount of mistrust” in Facebook could hamper its future crypto-related projects, Buterin said. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Ethereum… Source link

Japan’s cryptocurrency exchange, Liquid, has been hacked with a reported $74 million worth of Bitcoin, Ethereum and others being stolen. Liquid, a regulated cryptocurrency exchange in Japan, has confirmed the breach that it said had forced it to suspend deposits and withdrawals. While Liquid did not confirm the value of the currency taken, digital assets publication The Block put the estimated value of the cryptocurrency heist at $74 million. In a tweet shared on Thursday, Liquid said its… Source link

Whales moved nearly $1 billion in Ethereum (ETH) across 15 separate transactions during Tuesday and Wednesday, according to the crypto tracker Whale Alert. After pumping to more than $3,320 in price at various points over the weekend, ETH has since tumbled down to a price of $2,988 at time of writing, according to CoinGecko. The second-biggest crypto asset by market cap is now down 5.6% on the week amid a market-wide pullback that began on Tuesday after nearly three weeks of bullish… Source link

Bitcoin (BTC) is facing a “double bubble” and will see two price tops this year, fresh data suggests. In a tweet on Wednesday, Charles Edwards, CEO of investment firm Capriole, highlighted 2021 as having one key similarity to the 2013 double top bull cycle. Bitcoin gears up for second peak Bitcoin has divided opinions over whether its 2021 bull run is more like 2013 or 2017 — the other two years th immediately followed block subsidy halving events. If to look at one metric, unrealized… Source link

This week marks 50 years since President Richard Nixon announced the US would abandon the Gold Standard. Instead of redeeming the dollar in gold, the government allowed its value to float freely on the market. So began a sharp devaluation of the world’s reserve currency of choice under the US-led Bretton Woods system. Priced in gold, the dollar has lost more than 90 per cent of its value since the Nixon shock. Meanwhile the British pound has lost over 40 per cent of its… Source link