Under tightening monetary pressures from central banks, Bitcoin (BTC-USD) is trading like “an overpriced tech stock,” as one analyst noted. That could potentially mean poor performance for the next few months. Bitcoin began trading this week above $40,400 Sunday before its correction early Monday morning where it slipped below $39,000 during Asian trading hours. After recovering Monday, the largest cryptocurrency briefly wafted above $42,000 before settling back at $41,168 Wednesday… Source link

Source: Adobe/Shutter2U   Ransomware attackers are increasingly asking for payments in privacy coins like monero (XMR), while still mostly accepting bitcoin (BTC) payments but with a premium, per a new report. According to the report by CipherTrace, a crypto intelligence company, demanding ransomware payments in XMR has been a trend among attackers in 2021.  “Most of the groups and strains listed as using XMR are relatively new,”… Source link

Litecoin Tweets ‘LTC Is Perfect for THC’ To Celebrate Dopest Day Cannabis companies and marketplaces accept in the US, UK, and Europe. Litecoin is accepted by many THC vendors and sellers for payment and mining. Some claim Litecoin processes transactions quicker compared to . On the occasion of 420, also known as “weed day”, Litecoin announced that THC businesses accept digital payments in the form their token, while some even mine the altcoin to fund their weed farms.

The Monero (XMR) crypto has gained traction after its developers confirmed in a GitHub post that the protocol would undergo a tentative hard fork in July to improve its network security and fee charges. They also added that a testnet deployment could be expected in May. But before getting into its recent developments, let’s find out about the Monero crypto first. Also Read: Is Dogger Token (DOGGER) the next mover-and-shaker in social media? What is Monero (XMR) crypto? Monero, launched in… Source link

Ethereum is A Stable Crypto: If you’re Looking for A Potential 1000x Growth, Bitgert is the Best Option by Analytics Insight April 20, 2022 Bitgert is a project launched about 8 months ago and still has the potential to explode 1000x. For investors looking to make fast and good returns out of their investments, the choice of the cryptocurrency to buy matters. How would anyone buy Bitcoin and Ethereum today and expect their investments to increase 1000x? Well, this is impossible because… Source link

Text size Bitcoin prices rise Wednesday, following U.S. stocks higher. Edward Smith/Getty Images

As the competition between blockchains for developers and users picks up, investors have to decide which cryptocurrency is a likely winner in the future. Ethereum ( ETH -0.93% ) has long had a big lead as a utility blockchain with smart contracts and non-fungible tokens (NFT), but it’s struggled with scaling transactions and extremely high costs.  This week a major figure in Ethereum development said that an anticipated “merge” that would bring Ethereum from costly… Source link

Key Takeaways The Optimism team has laid out plans for “A New Chapter” in the network’s progression. The Layer 2 solution has confirmed a move toward “community ownership and governance,” hinting that it may soon issue a token. Coinbase has also created a page for an Optimism token, leading to further speculation. Share this article Optimism has released a new blog post suggesting it will implement a system of “community ownership and governance.” This, combined… Source link

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

Cryptocurrency’s rise to mainstream pop-culture phenomenon has certainly transformed the overall blockchain ecosystem for the better; more people than ever before are actively participating and aware of the technology, institutions once rejecting cryptocurrency are investing millions of dollars in it and even “old-money” strongholds such as J.P. Morgan and Goldman Sachs are publishing reports on the performance of various digital assets. Yet, the mainstream acceptance of blockchain… Source link