Employees work on bitcoin mining computers at Bitminer Factory in Florence, Italy. Alessandro Bianchi | Reuters Software used in bitcoin mining just got its first upgrade since late 2012, and a coalition of companies including payments giant Block (formerly Square) is trying to help push the open-source protocol forward to become an industry standard. The move could help open bitcoin mining to more participants by supporting lower-quality internet connections, as well as improving security so… Source link

Whatever happened to the big post-Merge rally for Ethereum (ETH -2.38%)? The second-largest cryptocurrency in the world is down 25% during the past 30 days. Given the general malaise afflicting both crypto and equity markets, this downturn perhaps shouldn’t be that concerning, but investors were expecting so much more from Ethereum after it just completed the single-greatest feat in crypto history. The good news, though, is that Ethereum is likely undervalued right now at its current price… Source link

The Securities and Exchange Commission potentially could deliver some fairly dire news to Ethereum (ETH -2.37%) investors. The agency is sending intensifying signals that it considers it to be a security rather than a cryptocurrency. Most recently, SEC Chairman Gary Gensler suggested that Ethereum’s recent transition to a proof-of-stake blockchain is further proof that the second-largest cryptocurrency in the world is a security and should be regulated as such.  Obviously, any change in… Source link

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Oct 11 (Reuters) – It’s not easy being a crypto investor. They’ve seen the value of their holdings drop like a brick this year, and now many are stewing over the safety of their crypto cash after a series of heists that’s seen around $2 billion spirited away by hackers. Enter the ghost of technology’s past. Register now for FREE unlimited access to Reuters.com Register Hardware wallets – old-school physical devices similar to USB drives that stash crypto holdings offline – might seem a throwback… Source link

Ethereum [ETH], on 9 October, recorded a significant increase in the number of addresses registered on the blockchain as per data from the analytics platform Santiment. There were over 135,000 Ethereum addresses registered, which was over 11% greater than the peak number that was recorded in January 2022.  📈 #Ethereum saw a surge of new addresses created Saturday, with 135,780 new $ETH addresses popping up on the network. This is 11.1% more network growth than the next… Source link

The pseudonymity of Bitcoin made it appealing to many new users, especially in its early days. However, its pseudonymity has become strained over the years as it began being surveyed by blockchain analysis firms and government agencies. As a result, privacy coins like Monero emerged, with embedded privacy protection at the base layer through the use of ring signatures.  Read on to find out what ring signatures are, how they work,… Source link

As the cryptocurrency sector continues struggling to regain its strength, one analyst anticipates an exceptionally bullish future for its second-largest asset by market capitalization – Ethereum (ETH). Specifically, if historical patterns from 2016-2017 are any indicator, Ethereum could be in for one of the largest bull markets in the history of the crypto industry, according to a tweet published by the pseudonymous crypto analyst Moustache on October 11. Historical Ethereum price… Source link

The most recent Litecoin price analysis suggests a strong bullish trend for today, as the coin has raced higher after crashing down at the start of the trading session. A considerable rise in coin value was detected throughout the day, and the bullish momentum has placed LTC as one of the early recoverers from today’s market crash. The market crashed at night, but the price has leveled to $53.144 due to the recent bullish shift.  Although the bears were overpowering the market earlier,… Source link

Most cryptocurrencies were trading in the negative early on October 11, as the global crypto market cap fell 3.26% on the previous day to $916.30 billion. Over the last 24 hours, however, overall crypto market volume increased by 63.81% to $54.09 billion. The overall volume in DeFi was $3.64 billion, accounting for 6.73% of the total 24-hour volume in the crypto market. The overall volume of all stablecoins was $51.01 billion,… Source link