LTC price breaks down into a descending triangle as price failed to break above resistance, holding price from trending higher.  LTC trades below 8 and 20-day Exponential Moving Average as the price struggles to regain bullish signs as the price continues ranging in a descending triangle.  LTC prices continue to range as prices aim for a breakout in either direction.  The price of Litecoin (LTC) continues to struggle as price ranges in an attempt to rekindle… Source link

The Ethereum price has been trending to the downside after its successful implementation of “The Merge” and its transition to a Proof-of-Stake (PoS) consensus. Launched back in September on mainnet, ETH’s price has been losing bullish momentum since then. At the time of writing, the Ethereum price trades at $1,298 with sideways movement during today’s trading session and a 5% loss in the last 7 days. The second cryptocurrency by the market has been… Source link

In the meantime, companies building bridges among blockchains, fiat currencies and trading platforms, not necessarily in a decentralized way, will be reaping the benefits, unlocking the “trillion dollars of friction tax that’s locked up in the financial services system right now,” McDougall said, referring to the fees and service hiccups that happen while switching from one currency or blockchain to another. Source link

Arbitrum and Optimism, the first rollups to launch, were welcomed with open arms by an Ethereum community desperate for a more usable blockchain network, and it was hoped that Ethereum app builders would move en masse to their cheaper shores rather than leave the ecosystem altogether in favor of newer blockchains (e.g., Solana) or less-secure sidechains (e.g., Polygon). Source link

On Wednesday, major cryptocurrencies were trading in the green during the Asian session, as the global crypto market value climbed 0.20% over the previous day to $918.72 billion. In contrast, the total crypto market volume fell 8.20% in the last 24 hours to $49.50 billion. The overall volume in DeFi was $3.14 billion, accounting for 6.35% of the total 24-hour volume in the crypto market. The overall volume of all stablecoins was… Source link

The global crypto market has seen a positive change due to the bullish trend. The recent changes show that the market likely has a chance to grow in value. The last day wasn’t good for the market as its value continued to lower. The ongoing situation has brought significant changes to the value of Bitcoin, Ethereum, and others. The recent bearish wave would have affected them further if the depreciation had continued. There is a need for the continuation of the bullish trend if the market… Source link

PoS Meets ESG as Utility Embraces Minimal Carbon Footprint In a surprising development given government skepticism toward cryptocurrencies, Electricite de France, the French state-owned energy supplier, is operating  more than 150 Ethereum nodes, according to a report from The Big Whale, a web3 news outlet. One of EDF’s subsidaries, Exaion, operates around 10 nodes for itself, and more than 140 nodes on behalf of its customers. The Big Whale report said the unit also validates 150 more… Source link

News Home Tuesday, October 11, 2022 04:26 PM | InvestorsObserver Analysts InvestorsObserver gives Monero an average long-term technical score of 48 from its… Source link

A note of caution, however, can be gleaned from derivatives markets. Specifically, there has been an uptick in the open interest for puts at the $19,000 strike price. Additionally, the put/call ratio for BTC has increased, indicating that traders are purchasing additional downside protection. Source link

Or take the example of PayPal. For risk-averse shoppers, the ability to dispute and reverse PayPal transactions is a helpful feature. But it has given rise to all sorts of PayPal fraud. In a PayPal overpayment scam, for instance, a scammer takes advantage of PayPal’s dispute system to overpay a seller for something, then asks the seller for a refund of the excess. After the overpayment is returned, the scammer asks PayPal to reverse the original transaction. The seller effectively loses the… Source link