The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of… Source link

LTC has lost more than half of its value in the past few months, despite the most recent market price increases. Its blockchain hash rate, on the other hand, has been on a steady uptrend depicting the resilience of network participants in the face of tremendous volatility in the broader market. Litecoin Hash Rate on the Path to Recovery According to data from BitInfoCharts, Litecoin’s mining hash rate increased to 397 Th/s on February 1st. The last time the figures were… Source link

Source: CoinMarketCap Over the past couple of years, the crypto industry has been able to dominate the entire global payment system and has had a surge in its overall growth and popularity recently. Not just that, the crypto world has successfully managed to make a name for itself in the global marketplace and has marketed its presence worldwide, thus helping it to reach greater heights! Having said that, I believe, most of you are already familiar with the basics of the industry but, if for… Source link

Bitcoin (BTC) is in a fighting mood this week as the weekly close buoys bulls’ cause and wipes out several weeks of downside — can it continue higher? After challenging $42,000 over the weekend, there was a cautious sense of optimism as higher levels remained in play. Sunday saw a fresh push, with overnight progress attacking $43,000 before fresh consolidation. With Monday’s Wall Street open primed to deliver more of the turbulence in big tech stocks seen late last week, the environment for… Source link

“Our high level philosophy is that, in a democratic society, the people and their elected officials should decide what behavior is allowed and not allowed by setting laws. We think it sets a dangerous precedent when tech companies, such as Coinbase, or their executives start making judgment calls on difficult societal issues, acting as judge and jury. This approach sounds simple in theory, but in practice it is anything but.” (Coinbase CEO Brian Armstrong) … “That is, in betting on a… Source link

Ethereum’s co-founder, Vitalik Buterin, and developer Tim Beiko have been discussing a proposed solution to the data transfer gas problem and current scaling issues. Buterin talked about adding a feature like “blob-carrying transactions” in a “near-future hard fork.” ‘Blob-Carrying Transactions’ The price of ethereum (ETH) has moved northbound during the last two weeks, climbing more than 25% higher within that time frame. Last week, ETH gained over 16% and the crypto… Source link

Bitcoin (BTC) zoned in on a multi-week high for the weekly close on Feb. 6 as a calm weekend helped fragile sentiment. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin should flip $41,000 to support  Data from Cointelegraph Markets Pro and TradingView followed a mercifully non-volatile weekend for BTC/USD, which continued to test $42,000 resistance while retaining $40,000 as support. Friday’s unexpected gap upward initially resulted in misgivings over a price “fakeout,” but… Source link

Solana Price Retest, While Cardano, Litecoin, Centcex, Matic, Avalanche Became Steady by Analytics Insight February 6, 2022 Bitcoin has been bullish for the last 3 days of the first week. Other cryptocurrencies like Solana, Centcex, and more also recorded impressive growth. The first week of February has ended in a bullish condition, with most crypto coins recording impressive gains. Bitcoin has been bullish for the last 3 days of the first week, where it grew rapidly to trade above $41k…. Source link

Ether price (ETH) spent the last two months stuck in a rut and even the most bullish trader will admit that the possibility of trading above $4,400 in the next couple of months is dim.  Of course, cryptocurrency traders are notoriously optimistic and it is not unusual for them to expect another $4,870 all-time high, but this seems like an unrealistic outcome. Despite the current bearish trend, there are still reasons to be moderately bullish for the next couple of months and using a “long… Source link

What happened  The cryptocurrency market continued its volatility this week, but for the time being it has been working for investors. The value of many cryptocurrencies jumped double-digits this week as investors bought riskier assets across the market.  Bitcoin (CRYPTO:BTC) made a big move this week, climbing 9.7%, and is up 2.7% over the last 24 hours. Ethereum (CRYPTO:ETH) was up as much as 3.7% in the last 24 hours as of 3:00 p.m. ET and is up… Source link