Joe DiPasquale, the CEO of the crypto fund BitBull Capital, said investors were initially upbeat about a study by the U.S. Federal Reserve on a digital dollar. “Any news that comes from such an official sources lends crypto credibility, and that credibility leads to increased demand,” DiPasquale said. Source link

Looking to get into Ethereum? You can buy and earn interest on Ether with Gemini! If you’ve spent any time in the past few years reading about the digital assets space, or more broadly the news this past year, then you’ve heard about Ethereum, especially in the context of Bitcoin and other cryptocurrencies.  Curiously, Ethereum seems to simultaneously refer to a cryptocurrency, a standalone blockchain and a Layer 1 network for other blockchains and decentralized finance… Source link

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Mayor Eric Adams announced Thursday that he will be converting the initial income from his new job to cryptocurrencies, after he pledged last year to take his first three paychecks at City Hall in Bitcoin. Adams will convert his first paycheck, which he will receive Friday, to cryptocurrencies Ethereum and Bitcoin, the mayor said. “New York is the center of the world, and we want it to be the center of cryptocurrency and other financial innovations,” he… Source link

The lead horses in crypto may be galloping along, but the real race is happening a couple of thoroughbreds behind the two market leaders. Cardano (CRYPTO:ADA) and Solana (CRYPTO:SOL) are neck and neck as the fourth- and fifth-most valuable cryptocurrency tokens by market cap after you back out a pair of dollar bill-hugging stablecoins. They also happen to be the two largest denominations hoping to topple Ethereum‘s (CRYPTO:ETH) dominance in the realm… Source link

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Ethereum (CRYPTO:ETH) was the first blockchain-powered smart contracts platform, and it has evolved into the largest ecosystem of decentralized applications (dApps), software that runs on a peer-to-peer network rather than centralized corporate servers. Ethereum is also the most popular decentralized finance (DeFi) ecosystem, with $147 billion invested on the platform. Not surprisingly, the price of Ethereum has skyrocketed over 2,600% in the last… Source link

Over the past two months, Bitcoin (CRYPTO:BTC) and Ethereum (CRYPTO:ETH) have each shed more than 30% of their market values. Investor fears about inflation, the Fed’s possible rate hikes, and the ongoing pandemic have sparked a sell-off in risky assets, a category that crypto undoubtedly belongs in.  Despite the recent losses, among cryptocurrency investors, the question of whether or not to go all-in on Bitcoin or Ethereum is a serious one…. Source link

Solana, Cardano, Matic, Avalanche, Litecoin, Bitgert & Centcex – 5 Facts About These Cryptocurrencies by Analytics Insight January 20, 2022 Here are some promising cryptocurrencies and key facts investors need to know about them As the cryptocurrency craze grows and people start looking for the best crypto investments, the issue of project content is getting lost. That’s why some nice-looking projects have collapsed, and investors ended up losing a lot of money. This list comprises… Source link

Bitcoin (BTC) demand has been in a “bear market” for a whole year, but a surge is most likely what will spark a new price run-up. That’s according to prominent economics analyst Lyn Alden, who in a Twitter debate this week bet on demand snowballing and lifting BTC price action. Back: Watch supply and demand for BTC price cues Responding to a survey by stock-to-flow model creator PlanB, Alden said that a demand transformation is more likely to cause a BTC price boom than multiple other… Source link