Nassim Taleb. Mohd Zakir/Hindustan Times via Getty Images Nassim Taleb has compared bitcoin to a disease and called it worthless in recent months. “The Black Swan” author said the cryptocurrency is in a fragile, speculative bubble. Bitcoin isn’t a currency, store of value, inflation hedge, or haven for investors, Taleb said. Nassim Nicholas Taleb has fired off a bunch of incendiary tweets about bitcoin over the past six months. The author of “The Black Swan” and “Antifragile” has… Source link

The number of ether locked in the Ethereum 2.0 contract has exceeded 9 million ethereum or more than $28 billion using today’s exchange rates. The amount of ethereum locked into the contract has increased 22.29% since the first week of September 2021, when the contract held 7.4 million ether. Ethereum 2.0 Contract Exceeds 9 Million Ether While the proof-of-work (PoW) side of the Ethereum network has seen its hashrate tap all-time highs above 1 petahash per second (PH/s) this year,… Source link

Disclaimer: The text below is a press release that was not written by Cryptonews.com. Understandably, the attention of crypto investors is fascinated by Bitcoin. It has a market dominance of close to 40% and is the world’s most widely-adopted and highest-priced cryptocurrency. However, while Bitcoin has done more than enough to take the crypto economy where it is today, in the future, Ethereum will be decisive about the industry’s… Source link

Ethereum price is positioned for another run to the $4,000 level. Failure to hold support could trigger a push towards new multi-month lows. Bulls and bears battle between $3,100 and $3,300. Ethereum price action is mixed. The weekly close above $3,300 was necessary to establish support and create a pivot to push higher, but the daily displays weakness as sellers drive Ethereum below the past three days candlestick bodies. Ethereum price looks for a return to… Source link

Bitcoin’s (BTC) sudden crash on Jan. 10 caused the price to trade below $40,000 for the first time in 110 days and this was a wake-up call to leveraged traders. $1.9 billion worth of long (buy) futures contracts were liquidated that week, causing the morale among traders to plunge. The crypto “Fear & Greed” index, which ranges from 0 “extreme fear” to 100 “greed” reached 10 on Jan. 10, the lowest level it has been since the Mar. 2020 crash. The indicator measures traders’ sentiment using… Source link

Photo: ozan kose/Agence France-Presse/Getty Images Without fanfare or debate, Congress has recently determined… Source link

Over the past 24 hours, Ethereum’s (CRYPTO: ETH) price has fallen 3.97% to $3,220.37. This is opposite to its positive trend over the past week where it has experienced a 5.0% gain, moving from $3,066.66 to its current price. The chart below compares the price movement and volatility for Ethereum over the past 24 hours (left) to its price movement over the past week (right). The gray bands are bollinger bands, measuring the volatility for both the daily and weekly price… Source link

Despite the fact that regulations have tightened and bureaucrats worldwide are scrutinizing cryptocurrency usage, a few privacy coins have jumped considerably higher in value over the last week. Monero jumped 13% during the last seven days, while the token secret increased 50%, and dusk spiked by 47% this past week. Monero, Secret, Dusk Network Values Spike This week a few privacy-centric crypto assets have seen double-digit percentage gains over the last seven days. According to… Source link

Kasta co-founder Carl ‘The Moon’ Runefelt provides his outlook for bitcoin in 2022 on ‘The Claman Countdown.’ Bitcoin prices tumbled on Monday with stock and bond markets closed for the Martin Luther King holiday.    The largest crypto by market value slipped over 1% in afternoon trading, hovering around the $42,000 level.  BITCOIN MINER REVEALS HOW TO MINE CRYPTOCURRENCY FROM YOUR TESLA Ethereum and Dogecoin were also lower.  LIVE: CRYPTOCURRENCY PRICES     Despite the ongoing… Source link

While transforming the broader sentiment is still a dream scenario for the bulls, the near-term technical indicators of Uniswap, Litecoin, and NEAR flashed a slight buying bias. Uniswap pulled back from its immediate supply zone while Litecoin jumped above its 20/50/200 SMA. NEAR managed to attain its lifetime milestone on 15 January and formed a bullish divergence with its RSI. However, it still needed enough volumes to sustain its edge. Uniswap (UNI) Source: TradingView, UNI/USDT After… Source link