FILE PHOTO: Representation of the Ethereum virtual currency standing on the PC motherboard is seen in this illustration picture, February 3, 2018. REUTERS/Dado Ruvic/Illustration Technology News Gertrude Chavez-Dreyfuss NEW YORK… Source link

Key Takeaways The Shiba-Innu themed meme cryptocurrency has started to compete with Litecoin and Bitcoin Cash. The total transaction fees on DOGE have surpassed LTC and BCH. While Dogecoin’s inflationary tokenomics will likely curtail long-term growth, short-term upswings may be coming. Share this article Dogecoin mining rewards along with transaction volumes are now comparable with those found in Litecoin and Bitcoin Cash.   Dogecoin vs. Litecoin and Bitcoin Cash Dogecoin has… Source link

Nvidia is purposefully making its new RTX 3060 graphics cards less efficient to mine Ethereum cryptocurrency. New drivers that will accompany the release of the GPUs later this month will reduce the hash rate of Ethereum mining by around 50 percent, using software detection for cryptocurrency mining. “We designed GeForce GPUs for gamers, and gamers are clamoring for more,” says Matt Wuebbling, head of global GeForce marketing at Nvidia. “Yet NVIDIA GPUs are programmable. And users… Source link

Price Point Bitcoin (BTC) was lower after surging on Wednesday to a new all-time high price above $52,000, while ether (ETH) topped $1,900 for the first time, pushing toward the psychologically crucial $2,000 mark.  “My sense is the technology has evolved and the regulations have evolved to the point where a number of people find it should be part of the portfolio, so that’s what’s driving the price up,” Rick Rieder, head of global allocation for the $8.7 trillion money manager… Source link

Grayscale increased its Litecoin trust holdings by 740%. LTC likely to see a bullish impulse toward an all-time high mimicking BTC and ETH. The short-term technical picture flips bullish as reinforced by the MACD. Litecoin has performed incredibly well in the ongoing bull run but still seems to have lagged behind its top-ten peers. A multi-year high has been traded at $240, but LTC is seeking support above $220. Despite the minor retreat, Litecoin is getting ready… Source link

Bitcoin has taken the world by storm in 2021, soaring to highs few could have predicted. The bitcoin price, up around 70% so far this year, has this week smashed through $50,000 per bitcoin—pushed to a total value of almost $1 trillion by support from Elon Musk’s Tesla TSLA , major bitcoin-buyer MicroStrategy MSTR , and traditional Wall Street giants. However, some smaller cryptocurrencies (including meme-based dogecoin) are seeing even greater gains, with the likes of… Source link

Ethereum Ethereum rallied by 3.92% on Wednesday. Following a 0.08% gain on Tuesday, Ethereum ended the day at $1.852.00. A bearish start to the day saw Ethereum slide to an early morning intraday low $1,733.87 before finding support. Steering clear of the first major support level at $1,730 Ethereum rallied to a late intraday high $1,857.61 before easing back. Ethereum broke through the first major resistance level at $1,830 to end the day at $1,850 levels. At the time of writing, Ethereum was up… Source link

Litecoin price – Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – February 18th, 2021 For the day ahead Litecoin would need to avoid a fall through the $226.22 pivot level to support a run at the first major resistance level at $248.91. Support from the broader market would be needed, however, for Litecoin to break out from Wednesday’s new swing hi $237.59. Barring an extended crypto rally, the first major… Source link

Bitcoin’s incredible rally shows little sign of abating yet after the token jumped past $52,000 for the first time. The largest cryptocurrency rose as much as 7.7% in New York Wednesday to about $52,332 after a fivefold surge in the past year, according to a composite of prices compiled by Bloomberg. It reached $50,000 on Tuesday for the first time.

This isn’t the $50,000 Bitcoin we predicted | Fortune … Source link