Ethereum’s co-founder Joseph Lubin has questioned the sustainability of rival projects, including the fast-growing Solana blockchain, as venture capital pours into a raft of new cryptocurrency networks. The Ethereum blockchain has become one of the world’s most widely used digital ledgers, but it is facing challenges from rivals such as Solana, which has set lower transaction fees to draw in users. Lubin told the Financial Times that Solana, which pitches itself as a faster and… Source link

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Benzinga Fed To Throw Its Pandemic Emergency Measures Into Reverse: Reuters Reuters revisits March 15, 2020, when the U.S. Federal Reserve, in the words of its boss Jerome Powell, “crossed a lot of red lines that had not been crossed before.” Powell cut interest rates to zero, announced huge asset purchases to deflect bond market stress, and opened dollar supply lines for other central banks, fearing a pandemic that threatened recession on a scale not seen since the 1930s. Fed is expected to… Source link

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As Bitcoin has been falling, it is hard to imagine a situation where Litecoin would be completely different. Litecoin initially tried to rally on Monday but then gave back the gains to show signs of hesitation. The $100 level of course is an area that will attract traders due to the large, round, psychological importance of this market. This is an area that we have seen support previously, and therefore it is likely that we see this area continue to be important. Advertisement If we were to… Source link

Bitcoin (BTC) saw a fresh brief short squeeze overnight on March 15 with bulls still attempting to crack $40,000 resistance. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Traders uninspired by market composition Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reaching highs just short of the psychological barrier Tuesday before returning to previous levels. The now all-too-familiar “Bart” formation followed news that the European Union had rejected a regulatory… Source link

Ethereum Foundation, the non-profit that supports Ethereum (CRYPTO: ETH) and related technologies, says 2021 was the year that “Web3” came into public consciousness, which allowed creators to break free from centralized platforms. What Happened: In its “2021: The Year in Ethereum” report by Josh Stark and Evan Van Ness, the foundation said in 2022, the world “began to understand the vision of a more decentralized internet built on Ethereum.” It termed… Source link

Ethereum continues to struggle after falling below $3,000. This price point was critical for bulls to hold and ever since bears dragged the price below it, it has been a continuous display of dips and crashes. For a cryptocurrency like Ethereum, there are resistance and support levels that are very important for the digital asset. One of those support levels sits just above $2,500. So far, the digital asset has managed to maintain above this point. This shows that bulls are mounting… Source link

Litecoin receives an average long-term technical score of 35 from InvestorsObserver analysis. Our proprietary scoring system considers the trading patterns over the past several months to a year by analyzing the coin’s consistency, volatility, and where it is relative to long-term averages to determine whether it’s a strong buy-and-hold investment opportunity. Currently, LTC holds a superior long-term technical analysis score than 35% of… Source link

Michael Saylor, chief executive of enterprise software maker MicroStrategy Inc. and noted Bitcoin proselytizer, spoke to dozens of members of the Economic Club of New York on Monday about the merits of the world’s largest digital asset, especially in the face of sharply rising inflation. Most mainstream economists have been slow to embrace Bitcoin, questioning the claims of advocates that the cryptocurrency serves as a store of value as well as an inflation hedge.  Source link