On August 17, the decentralized exchange (dex) aggregator 1inch announced the platform will leverage the Layer 2 solution called optimistic rollups provided by the project Optimism. The collaboration with Optimism aims to “substantially increase transaction speeds and lower gas fees for 1inch users.” 1inch to Use the L2 Solution Optimistic Rollups via Optimism Gateway Ever since the Ethereum network has been dealing with transaction congestion and much… Source link

Bitcoin is roughly flat over the past 24 hours as short-term momentum fades. The past few days have been relatively quiet in the crypto market, which typically precedes periods of higher volatility. Some analysts expect crypto prices to consolidate, albeit with the continued relative outperformance of altcoins such as ether and cardano.  Bitcoin, the world’s largest cryptocurrency by market cap, was trading at around $45,400 at press time and is up 55% year to date, compared with a 19%… Source link

Key Takeaways Ethereum sits on top of stable support following an 87% rally. However, a particular technical indicator recently presented a sell signal. A spike in downward pressure could see ETH drop toward $2,500. Share this article Ethereum has been on a roll lately after undergoing one of the most anticipated hard forks. Although the crowd sentiment remains bullish, multiple indicators suggest that a pullback is underway.  Ethereum Shows Red Flags The second-largest cryptocurrency… Source link

Bitcoin, the world’s No. 1 crypto and the genesis of the current revolution in digital assets may one day bow down to a new king of the sector, speculates a researcher. “Ethereum will continue to outperform Bitcoin in 2021 and will, ultimately, exceed its rival’s value,” wrote Nigel Green, chief executive and founder of deVere Group, a large financial advisory firm and asset manager, in a Wednesday note. Green makes the case that bitcoin … Source link

A Bitcoin (BTC) mining indicator that has preceded several major BTC price rallies is flashing again. Blockchain analytics platform Glassnode spotted a golden cross between the 30-day and 60-day moving averages of Bitcoin’s hash ribbon. In theory, such a crossover indicates that the price momentum is switching from negative to positive. Bitcoin hash ribbons. Source: Glassnode Hash ribbons are based on Bitcoin’s network hash rate behavior and are designed to tell investors when the price is… Source link

What happened Cryptocurrency prices traded sharply lower Wednesday, with Bitcoin (CRYPTO:BTC) prices down 2% over the past 24 hours, according to data from Coindesk. As of 10:15 a.m. EDT, Ethereum (CRYPTO:ETH) investors are being treated to a 4.9% decline, while Dogecoin (CRYPTO:DOGE) is suffering worst of all — down 9.6%. The question is why? Image source: Getty Images. So what Today’s headlines contain a couple of notes that may be worrying

Bitcoin and Ethereum have taken off in 2021 and have further upside, predicts strategist Lyn Alden. Cryptocurrencies are highly volatile and dependent on sentiment, headlines, and regulatory policies. According to Alden, there are only two altcoins that are worth considering. Bitcoin (BTC) will hit $100,000 in 2022 and Ethereum will reach $5,000, predicts Lyn… Source link

US dollar extends its negative early-day moves, remaining well offered during the European session. Cautious sentiment ahead of the Federal Open Market Committee (FOMC) Minutes, also significantly undermining the dollar. XMR/USD pair is trading at the 252 level, having disrupted the support level of 263. The XMR/USD coin failed to stop its declining streak of the previous session, taking further offers around the $250.00 level. The recently discovered Monero (XMR) glitch is still impacting the… Source link

Tomorrow, the first backward-incompatible upgrade for the Ethereum 2.0 Beacon Chain will be activated on the Pyrmont test network. The upgrade, dubbed “Altair,” will introduce a number of code changes, including increased penalties on validator misbehavior and improved functionality for lightweight versions of Eth 2.0 software.  (More information about what to expect from Altair can be found in a previous issue of Valid Points.) This article originally appeared in Valid Points,… Source link

BackyardProduction / iStock.com Cryptocurrencies have skyrocketed in popularity recently and this trend shows no signs of slowing. Given all the talk around these digital assets, you might be wondering whether now is the time to invest. But before pulling the trigger, it’s always a good idea to have an understanding of the underlying asset. Cryptocurrency is no exception and it is quite different than investing in stocks or bonds. Find Out: Where Does Cryptocurrency Come From?Binance Coin… Source link