Reuters China clampdown could spur fresh short-selling of U.S.-listed shares, says S3 Short interest in a group of such stocks has fallen from $50.6 billion to $43.5 billion this year and short interest as a percentage of float fell from 5.67% to 3.81%, reflecting a closing out of some positions that were in the red after a market rally in January and February, Ihor Dusaniwsky, S3’s managing director of predictive analytics said in a report. The shorts, bets that shares will fall in the… Source link

Ethereum Ethereum rallied by 5.67% on Tuesday. Reversing a 5.42% slide from Monday, Ethereum ended the day at $2,321.84. A mixed start to the day saw Ethereum fall to an early morning intraday low $2,195.02 before making a move. Steering clear of the first major support level at $2,130, Ethereum rallied to a late morning intraday high $2,350.00. Ethereum broke through the first major resistance level at $2,295 before a pullback to $2,250 levels. Finding support, however, Ethereum broke back… Source link

Goldman Sachs said in a note to clients on Tuesday that the blockchain with the highest “real use potential” is Ethereum, suggesting its ETH could become the dominant digital store of value. As such, Goldman predicts the total market capitalization of ether (ETH) could overtake the total market cap for Bitcoin (BTC) in the coming years, according to a report in Business Insider.  “[Ether] currently looks like the cryptocurrency with the highest real use potential as Ethereum, the platform on… Source link

Bitcoin traded sideways on Tuesday as market participants digested the latest regulatory crackdown from China. On Monday, the People’s Bank of China (PBOC) reiterated its long-held anti-crypto stance, warning institutions against providing services to crypto-related companies.  China’s announcement preceded choppy price moves around $34,000, which left traders with little sense of direction. Bitcoin trading remains in a tight range and the price is down about 6% over the past week. Latest… Source link

Ethereum cryptocurrency owners have now staked more than $14 billion worth of their tokens on the Ethereum 2.0 network, Etherscan data shows. It marks a rise from around $13.5 billion staked on Monday, as reported by Markets Insider, which highlights the pace of the shift towards Ethereum 2.0. Ethereum 2.0 represents a fundamental change in how the Ethereum blockchain works. Staking explained In order to remain decentralized—that is, operating without a central authority—cryptocurrency… Source link

Bitcoin and ether are the two biggest cryptocurrencies. Yuriko Nakao Major upgrades to the ethereum network could help ether gain a reputation as a store of value, in a potential challenge to bitcoin, Danish investment bank Saxo has said. Developers on the ethereum network have launched an update that will change the way transaction fees work. After each transaction, part of the fee will be “burned”, destroying ether and limiting its supply. The changes, which are known as the “London… Source link

Bitcoin remains in a horrendously low-volume period of price action as volatility slumps to its lowest levels since November 2020. At the time of writing, Bitcoin was trading at $34,300 having ground out the lower time frame range between $33,000 and $36,000 with numerous stabs at both the upside and downside. All higher time frames continue to paint a bearish view on Bitcoin, with the recent daily death cross heaping pressure on the bulls, who are slowly but surely running out of ideas as… Source link

Old faithful Litecoin turns 10 years old on October 7th. After a decade of activity, it’s still going strong. A faster and lighter Bitcoin fork, LTC’s objective has always been to be the silver to BTC’s gold. And this crazy year of high fees, Litecoin might’ve proved its worth. For many, it became the instrument of choice for sending money around without paying an exorbitant fee. Our sister site, Bitcoinist caught wind of this development and reported: Data compiled by @MASTERBTCLTC… Source link

Reuters CORRECTED-Liability from Florida condo collapse: everyone will ‘blame everybody else’ The collapse of a condominium tower near Miami will set off years of litigation as victims and their families look to find fault among the building’s management as well as engineers, architects and others, according to legal experts. Disaster struck in Surfside, Florida, on June 24 as a major repair project was beginning, although the cause of one of the worst residential construction failures in the… Source link

Bitcoin (CRYPTO:BTC) and Ethereum (CRYPTO:ETH) have had a rollercoaster of a year so far. Over the past 12 months, Bitcoin’s price has surged by nearly 300%, and Ethereum is up by more than 900% — and that’s despite the massive downturn they’ve both experienced over the past few weeks. Now that cryptocurrency prices are falling, it can be a smart opportunity to “buy the dip” and invest in Bitcoin or Ethereum while they’re more affordable. But if you… Source link