The ‘Ethereum is a security’ debate has been going on for a while now. With the move to proof of stake from proof of work closer than ever, the thoughts and think pieces around these have ramped up significantly over the last couple of weeks. It has begun to gain more traction as some notable personalities in the crypto community have chimed in in support of Ethereum being a security and founder Vitalik Buterin has now taken to Twitter to address them.

As Russia’s invasion of Ukraine continues to upend the lives of millions, many Ukrainians have turned to a reliable source of income that’s relatively passive and requires little maintenance: Ethereum mining.  For years, the Ethereum network has depended on thousands of individuals like these Ukrainians to generate ETH, the blockchain’s native cryptocurrency, via an energy-intensive process called “mining.” Individuals, or “miners,” direct computer power to race to solve… Source link

The Bitcoin (BTC) price chart from the past couple of months reflects nothing more than a bearish outlook and it’s no secret that the cryptocurrency has consistently made lower lows since breaching $48,000 in late March. Bitcoin price in USD. Source: TradingView Curiously, the difference in support levels has been getting wider as the correction continues to drain investor confidence and risk appetite. For example, the latest $19,000 baseline is almost $10,000 away from the previous support…. Source link

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. 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… Source link

The positive gains recorded in the first ten days of July have all but disappeared on July 13 as Bitcoin (BTC) and the wider market slid back toward new yearly lows. Subdued action in the market can be traced back to a variety of factors ranging today’s record-high Consumer Price Index print and a raging US dollar that recently hit its highest level since October 2002. Data from Cointelegraph Markets Pro and TradingView shows that July 13 marked the fifth consecutive day of a declining BTC… Source link

Inflation continued accelerating in June after showing an increase in May, a potentially negative sign for crypto markets that have faltered as the Federal Reserve raises interest rates in response to soaring prices. The Consumer Price Index (CPI), which tracks price movements across a broad range of goods and services, rose 9.1% in the 12 months through June, which is the largest 12-month increase in over 40 years, the Bureau of Labor Statistics (BLS) reported Wednesday. “This is one hell… Source link

Monero Classic (XMC) has been relatively more volatile when compared to other cryptocurrencies. So far Wednesday, the crypto has fallen 5.83% to $0.3997330403. InvestorsObserver is giving Monero Classic a 98 Volatility Rank. Find out what this means to you and get the rest of the rankings on Monero Classic! Highly Volatile InvestorsObserver gives Monero Classic a high volatility rank of 98, placing it in the top 2% of cryptos on… Source link

The Israel-based team behind StarkWare has taken another step towards decentralization: The launch of a native token. According to details seen by Decrypt, the token is part of a two-pronged agenda to become a “public good like Ethereum or the Internet.” The second aspect of today’s announcement revolves around the launch of the StarkNet Foundation, a non-profit organization. The StarkNet Foundation will see to it that the technology is stewarded towards its goal of wide adoption. StarkNet… Source link

Text size Crypto prices have collapsed in 2022. Dusan Zidar/Dreamstime Bitcoin and… Source link

Despite prices rallying in today’s session, bitcoin continued to trade below $20,000 on Wednesday following recent declines. Although ETH was also marginally higher, its price was once again trading under $1,100. Overall, crypto markets were nearly 1% higher as of writing. Bitcoin Bitcoin was trading slightly higher on Wednesday, however prices of the token are still under $20,000 following a recent sell-off. The world’s largest cryptocurrency rose to an intraday high of… Source link