Cryptoculture Cryptocurrencies are best understood by examining the community structure and cultural values they exhibit, rather than the economic activity they create. Cryptocurrencies are really “cryptocultures” and these cultures are many, a plurality. I define a cryptoculture as an open source community with its own micro-economy. Each culture embeds its values into their blockchain. It’s a sociotechnical arrangement: The values and technology are mixed up with one another. Dr. Paul… Source link

Bitcoin goes into the typically low volume weekend with a sense of relief after it finally managed to climb above the $33,000 level of resistance on Friday. The apparent breakout follows a frustrating 24-hours in which the world’s largest cryptocurrency failed to conquer $33,000 despite five meaningful attempts. Attention will now turn to where Bitcoin futures will close on CME at 11pm UTC this evening. A close above $33,400 should signal that the cryptocurrency market will be relatively… Source link

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Ethereum Ethereum tumbled by 8.66% on Thursday. Following a 0.23% decline on Wednesday, Ethereum ended the day at $2,116.95. A mixed start to the day saw Ethereum rise to an early morning intraday high $2,325.46 before hitting reverse. Falling short of the first major resistance level at $2,387, Ethereum slid to a late intraday low $2,084.00. The extended sell-off saw Ethereum fall through the day’s major support levels before finding support. Late in the day, Ethereum moved back through the… Source link

Cryptocurrencies traded lower on Thursday as regulatory concerns resurfaced. Bitcoin broke below initial support at $34,000 and is down about 5% over the past 24 hours. The cryptocurrency could stabilize around $30,000, which is the bottom of the month-long trading range.  There is a lack of a “real catalyst or market-moving events right now,” wrote QCP Capital in a Telegram chat. “We expect volatility to remain under pressure until mid [to] late August.” “With BTC, we have seen… Source link

Over the past week, astute crypto market analysts noticed some interesting developments related to the supply of Ether (ETH) as the network’s August 4 London hard fork approaches. Recent data from CryptoQuant, an on-chain analytics firm, indicates that the amount of Ether held in cryptocurrency exchanges’ reserves has hit new daily lows since the start of July. Ethereum all exchange reserves. Source: CryptoQuant To determine if this is a bullish or bearish development for the top altcoin,… Source link

Text size Sen. Pat Toomey leaves the Senate chamber during a recess in the Senate impeachment trial of U.S. President Donald Trump in Washington, D.C. Drew Angerer/Getty Images Sen. Pat Toomey, who recently pushed for less-burdensome cryptocurrency regulations, has disclosed investments in Bitcoin and Ethereum. The… Source link

Text size Dreamstime Bitcoin and other cryptocurrencies are selling off again, falling at least 5% in the past 24 hours. The downturn is pressuring shares of crypto-related stocks, including Coinbase Global (ticker: COIN), which was off 2.6% in trading Thursday to around $245. Other crypto stocks were… Source link

Litecoin (CCC:LTC-USD) is a popular cryptocurrency that looks to rebound before the end of the year. According to Coinmarketcap.com Litecoin is the 14th largest crypto in the world, with a $8.7 billion market capitalization. It is likely to mimic Bitcoin, the largest crypto, as it rebounds later this year. Source: Wit Olszewski / Shutterstock.com In fact, Litecoin is now up by 3.4% as of July 8, since it ended last year at $126.23 and is now at $130.48. It has dropped significantly… Source link

Bitcoin has lost around half its value since April. Dado Ruvic/Reuters Bitcoin slipped to $32,639 as of Thursday morning, sinking back below the $33,000 level. “We expect it to spend the next few weeks testing this range on either side,” Pankaj Balani of Delta Exchange said. Cryptocurrency-linked companies have suffered in step with the broader digital asset ecosystem. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. The price of bitcoin slipped 7% Thursday… Source link