Bitcoin’s price dropped as much as 10% during early trading hours on Tuesday as bitcoin miners started selling a large amount of the cryptocurrency for the first time since October. There is not enough demand to absorb the additional coins on the market because institutions want an idea of how the new Biden Administration will view bitcoin and other cryptocurrencies. At the press time, bitcoin was trading at $32,254.59, down 3.04% in the past 24 hours, according to CoinDesk’s BPI. The… Source link

Anyone who has used Ethereum in 2020 knows the frustration of paying for gas, the measure that represents a transaction’s computational weight. With gas prices sometimes rising up to 100 to 200 gwei, a unit equal to one billionth of an Ether (ETH), many users are finding themselves priced out of the action. While only a wide adoption of layer-two scaling solutions and the arrival of sharding can truly fix the situation, a few tricks can still help save some money when using the blockchain…. Source link

Three stories Overstock is looking to exit its blockchain-related investments, CoinDesk’s Tanzeel Akhtar reports. The online shopping giant that went in on crypto-hype will now spin out its blockchain-focused subsidiary, Medici Ventures, into a managed fund. Overstock will remain a limited partner, with the venture firm Pelion Venture Partners taking lead over the $45 million fund, if approved. Overstock will also retain a direct minority equity interest in the blockchain technology firm… Source link

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice Monero‘s price was hovering just above the lower trendline of a bearish pattern at press time, with the crypto anticipating a bounce higher. A successful bounce could push the privacy coin’s price up by 18%. However, a breach of the trendline could drown XMR by 16%. Hence, Monero seemed to be in a make or break situation and its fate will be decided over… Source link

Litecoin price dropped today as sentiment in the cryptocurrency industry soured. The LTC price is off by more than 2% and is trading at $133. Similarly, other cryptocurrencies like Bitcoin, Ethereum, and Ripple have dropped by 9%, 8%, and 6% in the past 24 hours. Chainlink price has dropped by more than 10% making it the worst-performing crypto major. The background: Chainlink and Litecoin are the 7th and 8th largest cryptocurrencies in the world with a… Source link

Bloomberg NYC Apartment Landlords Getting Burned in Gentrification Crash (Bloomberg) — New York’s apartment investors are suddenly waist-deep in distress.By December, they were behind on $395 million of debt backed by mortgage bonds, almost 150 times the level a year earlier, according to Trepp data on commercial mortgage-backed securities. Tenants in rent-stabilized units owe at least $1 billion in rent and wealthier ones are fleeing the city, leaving behind vacancies and pushing… Source link

Published on January 26, 2021 The City of Miami is dedicated to becoming a model 21st century city. We think that means embracing and supporting disruptive technologies that challenge the status quo and improve how we interact with one another. Bitcoin, the decentralized financial network that allows individuals worldwide to store and send value to one another without intermediary agents like banks or payment processors, is a technology we believe will transform the world.  Bitcoin… Source link

Bitcoin mining in the Arctic. Photographer: Andrey Rudakov/Bloomberg Photographer: Andrey Rudakov/Bloomberg Institutional investors diving into Bitcoin — namely hedge funds — are eager to promote its unpredictable… Source link

Ethereum Ethereum slid by 5.46% on Monday. Partially reversing a 12.92% rally from Sunday, Ethereum ended the day at $1,317.97. A bullish start to the day saw Ethereum rally to an early morning intraday high and a new swing hi $1,477.30 before hitting reverse. Ethereum broke through first major resistance level at $1,457 before falling to a late intraday low $1,293.65. Steering clear of the first major support level at $1,277, Ethereum moved back through to $1,300 levels to limit the downside. At… Source link

Litecoin Price Prediction: LTC trims early gains to retest 138.00, key support lines in focus LTC/USD fades the day-start bounce off 136.15 while stepping back from 139.75, currently around 137.53, during early Tuesday. The altcoin took a U-turn from 100-bar SMA while portraying its weakness the previous day. Also on the negative side could be the MACD histogram that flirts with the LTC/USD bears.   Ripple is South Korea’s most popular cryptocurrency, but XRP… Source link