Reports indicate that the Monero community is upset about a specific mining pool that currently commands 44% of the network’s hashrate. Supporters are asking mining participants to leave a mining pool called Minexmr as they believe the operation threatens decentralization. A Single Monero Mining Pool Commands 44% of the Network’s Hashrate, Monero Community Members Debate Issue, Pool Admin Addresses Concerns At the time of writing, according to statistics stemming from the web page… Source link

The waiting game continues for crypto traders after Bitcoin (BTC) is once again pinned below resistance at $43,000 and awaiting some spark in momentum that can sustain a rally back to the $50,000 range.  Data from Cointelegraph Markets Pro and TradingView shows that the price of Bitcoin has traded in a range between $41,500 and $43,000 over the past couple of days and with tensions between Ukraine and Russia escalating, many traders are less than optimistic about Bitcoin’s short-term… Source link

Ethereum price is below two critical support levels, likely moving to its final Ichimoku support. Oscillator conditions continue to favor a swing low developing, continuing the current upswing. $2,700 price range is now in focus as the final daily support level. Ethereum price action has fallen below the Tenkan-Sen at $3,000 and the 50% Fibonacci retracement at $2,900. Participation and momentum have dropped significantly on both sides of the market, but the… Source link

Litecoin (LTC-USD) is struggling. The 20th largest cryptocurrency as ranked by Coinmarketcap.com has taken a beating ever since its recent peak at $278.01 on Nov. 13. At the time, LTC crypto had a market value of $19.2 billion. But as of Feb. 11, it was down to $125.18 and its market value had cratered to just $8.7 billion. Source: Wit Olszewski / Shutterstock.com That represents a 45% drop in the past three months in price and market value. This makes it hard for investors to… Source link

With Bitcoin re-entering the $42,000-zone, Fantom and Ethereum Classic flashed bearish near-term technicals. The former lost the crucial $1.9 level while the latter eyed to test the $30-support. Furthermore, Litecoin consolidated between the $128- $123 range with a slight bearish edge. Litecoin (LTC) Source: TradingView, LTC/USDT Litecoin’s (LTC) previous rally saw a 49.3% ROI from its 13-month low on 22 January that halted at the $143-mark. This level was near the 23.6% Fibonacci… Source link

Bitcoin (BTC) filled the CME futures gap in advance prior to the Wall Street open on Feb. 14, reaching $42,870. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Trader: Volatility gone, but not for long Data from Cointelegraph Markets Pro and TradingView showed BTC/USD gaining swiftly on Feb. 14, with the start of U.S. trading keeping the pair around $42,500.  Feb. 13’s weekly close had disappointed analysts, with Bitcoin failing to achieve a higher high on the weekly chart. While… Source link

Cryptocurrencies were initially in the red to start the week, despite several crypto firms securing lucrative Super Bowl ad slots. Over 100 million viewers watched the “crypto bowl” advertisements, however bitcoin prices started lower on Monday. Bitcoin BTC/USD is lower for a fifth consecutive session to start the week, as markets gave up all of last week’s gains. BTC/USD fell to an intraday low of $41,681.96 on Monday, following a peak of $42,693.05 during Sunday’s session.

Bitcoin (BTC) looks ready to fall below $30,000 in the coming months, per a confluence of historically accurate technical indicators brought forth by popular analyst Ari Rudd. The independent market analyst published a thread on Feb. 14, explaining why Bitcoin’s ongoing price recovery — from below $33,000 on Jan. 24 to around $42,000 on Feb. 14 — might not have strong legs. In doing so, Rudd presented at least three long-term technical setups with extremely bearish outlooks. They are… Source link

advertisement Monero mining pool MineXMR now controls 44% of the privacy coin’s hash rate, a position that some think carries potential risks for the network’s security. MineXMR, the largest Monero mining pool, is relatively close to controlling more than half of the network’s hash rate. If it were to reach such a level, it would theoretically be able to carry out a 51% attack. A 51% attack is when one entity holds over half of the hashing power of a blockchain network, a position… Source link

United States cryptocurrency exchange Coinbase (COIN) has seen its shares dive 5% pre-trading after a calamitous advertising debut at the Super Bowl 2022. Data from Cointelegraph Markets Pro and TradingView showed COIN preparing to open at $194.53 before Monday’s Wall Street open. Snowden: Coinbase crash “so very internet” The Super Bowl 2022 was an event to remember for crypto investors, with several of the exchange industry’s biggest names airing full-scale ad pitches. For Coinbase,… Source link