A new contributor to the Bitcoin (BTC) energy debate says that 1 BTC would have to cost $20 million to use 100 times its current energy demands. In a Twitter debate on July 18, Sjors Provoost, a Bitcoin developer and author of “Bitcoin: A Work in Progress,” cast doubt on the largest cryptocurrency’s future energy use. Bitcoin could survive on “waste energy breadcrumbs” How much energy Bitcoin uses to survive has become a topic of friction which has gone from within the industry to global… Source link

Razi Khan A Master’s graduate in Renewable Energy Systems from England, UK, Razi is a tech-enthusiast. He’s served as a content specialist for BlockPublisher in the US and has been an avid member of the crypto space as a journalist, trader, investor and analyst since 2018. Source link

The new week has come with glad tidings for the price of bitcoin. After struggling to maintain above $20,000 for the better part of the last month, the digital asset has finally found some much-needed reprieve coming out of the weekend. This new upward trend has signaled some good things for the market going forward. However, the question still remains of whether the bottom is in and the bear trend is finally over. Bitcoin Recovers To $22,000 With the price above… Source link

In brief The cheapest-available CryptoPunks NFT is now listed above $100,000, topping that mark for the first time in two months. The rising Punks price comes following a pair of high-value sales last week, at $2.6 million and $3.3 million respectively. All of the major “blue chip” Ethereum NFT collections have taken a massive hit in value over the last couple months amid the wider crypto market crash, and CryptoPunks was no exception. But following a pair of multi-million-dollar sales… Source link

“When will it end?” is the question that is on the mind of investors who have endured the current crypto winter and witnessed the demise of multiple protocols and investment funds over the past few months. This week, Bitcoin (BTC) once again finds itself testing resistance at its 200-week moving average and the real challenge is whether it can push higher in the face of multiple headwinds or if the price will trend down back into the range it has been trapped in since early June…. Source link

Image source: Getty Images ETH leads the top-10 cryptocurrencies for daily and weekly gains as the Ethereum Merge drives renewed interest in the crypto asset class. Key points The price of Ethereum’s crypto coin — ETH — climbed 10.9% to a peak price of $1,493.23 over the past 24 hours. It… Source link

Text size Crypto prices rallied over the weekend. Dreamstime Bitcoin and other cryptocurrencies were rallying… Source link

Text size Crypto prices rallied over the weekend. Dreamstime Bitcoin and other cryptocurrencies were rallying… Source link

Besides receiving a boost from the general cryptocurrency market rally, Ethereum Classic (ETC) is recording significant gains partly powered by network activity on the main Ethereum blockchain, specifically the Merge upgrade slated for September. Indeed, the factor appears to be driving the ETH price alongside pushing for an ETC price breakout.  The presence of ETC bulls has been felt in the last seven days, during which Ethereum Classic’s price has delivered strong upward momentum… Source link

Key Takeaways Ethereum has surged over the past few days, now targeting an upswing to $1,700.  Bitcoin rose by more than 8% Monday but has yet to slice through a critical resistance level.  BTC is currently following ETH’s path, which may result in further gains for both assets.  Share this article Bitcoin looks like it wants to catch up with Ethereum after the number two crypto’s bullish price action over the past three days. While ETH has outperformed BTC, the top crypto… Source link