Bitcoin traded in a choppy range on Monday as buyers appear to be exhausted ahead of the $50,000 resistance level. The cryptocurrency was trading at around $46,000 at press time and is roughly flat over the past 24 hours.  On Monday, the total crypto market cap surpassed $2 trillion for the first time since mid-May, according to CoinMarketCap data. Ether and cardano are standouts in the recent crypto rally,  with strong rallies month to date, rising 26% and 62% respectively, compared with a… Source link

Emmy award winner satirical show “Last Week Tonight With John Oliver” released a segment on ransomware attacks in the U.S. and their alleged main financial enablers, cryptocurrencies Bitcoin (BTC) and Monero (XMR). This criminal activity has been on the rise in the U.S. and has been caused by concerns from authorities and the public. The segment begins with a review of some of the most important ransomware attacks recently perpetrated by hackers groups allegedly based in Russia and… Source link

Bitcoin (BTC-USD) may be holding above $46,000 Monday, but one prominent Wall Street strategist is still somewhat skeptical of the cryptocurrency. At a recent Yahoo Finance Plus webinar, Liz Ann Sonders, chief investment strategist at Charles Schwab, explained her principle misgiving about bitcoin, being careful to emphasize she doesn’t completely dismiss the cryptocurrency altogether. “I am an admitted skeptic to some degree. I’m not on either end of the spectrum — meaning I’m a skeptic,… Source link

I spent Saturday night along with thousands of other crypto fans trying to buy nonfungible tokens, or NFTs — a cryptocurrency that has a unique set of digital properties attached to it. In this case, we were all desperate to get our hands on a digital ape. These are not typical apes. In fact, each of the unique 10,000 ape NFTs has a different set of traits — fur color, headwear, eyewear and even teeth properties. Degenerate Ape NFTs I was trying to “mint” one for the price of 6 SOL… Source link

Sean Gallup: Getty Images Microsoft is looking to use the ethereum blockchain to combat digital piracy, according to a recent white paper published by the firm. The company is exploring a new system named Argus, which it dubbed as the “first public anti-piracy system.” Across 11 pages, Microsoft laid out the design, implementation, and evaluation of the new system. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Software giant Microsoft is looking to use the… Source link

Ethereum is enjoying the favorable tailwind that is going on in cryptocurrencies.  Buyers are very much in control, and one technical element is driving the price up.  Sellers will look for buyers that are taking profit to take over the price action. Ethereum is currently busy reclaiming the levels last seen on May 20 of this year. There might be more upside to come as long as the ascending trend line originating from August 19 stays intact. That purple trend line… Source link

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What Happened: High-speed blockchain Solana (CRYPTO: SOL) saw its native token surge by more than 41% to a new all-time high of $64.48 today. Extending a week-long rally that saw its price appreciate by more than 56%, SOL recorded a 472.48% uptick in daily trading volume, which exceeded $3.9 billion at the time of writing. The hybrid blockchain is often referred to as ‘Ethereum (CRYPTO: ETH) killer’ because of its incredibly short processing times. As one crypto trader pointed out, Solana… Source link

Check out what’s clicking on FoxBusiness.com. The price of bitcoin was higher by nearly 3% early Friday morning, breaking the $47,000 plateau and continuing to rise since Friday. The price was around $47,160 per coin, while rivals Ethereum and Dogecoin were trading around $3,271 and 33 cents per coin, respectively, according to Coindesk. In other bitcoin news, Coindesk reports the Biden administration reportedly plans to nominate Rostin Behnam, acting chairman of the Commodity and… Source link

10 cryptocurrencies that have been purchased the most in August. Cryptocurrencies have taken a solid place in the trading market. A lot more people are interested in buying cryptocurrency and Analytics Insight has selected the 10 most purchased cryptocurrencies in August 2021.   Bitcoin Bitcoin is considered the original crypto, and its launch in 2009 is what started the whole cryptocurrency movement. Bitcoin – and the blockchain technology on which it operates – was invented by an… Source link