European Central Bank officials alleged on Wednesday that bitcoin is “rarely used for legal transactions,” is fuelled by speculation and the recent erosion in its value indicates that it is on the “road to irrelevance,” in a series of stringent criticism (bereft of strong data points) of the cryptocurrency industry as they urged regulators to not lend legitimacy to digital tokens in the name of innovation. The value of bitcoin recently finding stability at… Source link

People like cryptocurrency for a range of reasons, one of which is that it can provide users with more privacy and security via blockchain technology. But some cryptos take things a step further, taking their focus on privacy to the next level. This is where privacy coins come into play. Two of the most popular privacy coins are Monero and ZCash, but which is best? What Is Monero? Image Credit: FXTM Thailand/Flickr Monero is an incredibly popular privacy coin… Source link

Bitcoin (BTC) briefly returned to $17,000 into Nov. 30 as monthly close volatility loomed. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Trader: $17,500 monthly close “most bullish outcome” Data from Cointelegraph Markets Pro and TradingView showed BTC/USD following traders’ predictions to sweep higher levels before consolidating. Highs of $17,072 appeared on Bitstamp, with the pair nonetheless unable to flip the highs to support. At the time of writing, Bitcoin hovered… Source link

Litecoin’s short-term sellers could benefit from LTC’s ongoing price action  Litecoin ranked #1 as the biggest cryptocurrency by median hold  Crypto investors that bought Litecoin [LTC] after the FTX crash were reaping the benefits following its bullish performance. LTC turned out to be the best cryptocurrency to hold in the medium term. However, Litecoin’s current outlook suggested that it might be about to give up some of its recent gains. Read Litecoin’s [LTC]… Source link

Litecoin (LTC) continues to prove its doubters wrong as it weathers the ongoing crypto winter in an impressive way, painting its charts in green and posting significant price increases during the last few days. At the time of this writing, the 13th largest cryptocurrency with an overall valuation of $5.51 billion, is trading at $76.80 and has gone up by 6% over the past 24 hours according to tracking from Coingecko. The asset’s seven-day performance is beyond “just good” as it… Source link

Polygon (MATIC) and Monero (XMR) are among the most popular cryptocurrencies. But a new project, Snowfall Protocol (SNW), is quickly gaining traction among investors who have suffered in the wild ride of cryptocurrencies since May 2022. On the price front, Snowfall Protocol (SNW) has outplayed many top-ranking cryptocurrencies, including Polygon (MATIC), and Monero (XMR), even as it is still in the first phase of presale. Polygon (MATIC), Monero (XMR) and Snowfall Protocol (SNW) have their… Source link

More than $1.3 trillion has been wiped off the cryptocurrency market so far in 2022 as the fallout from the FTX collapse continues to weigh on investor confidence. CFOTO | Future Publishing | Getty Images Bitcoin on Wednesday rose to a two-week high as investors continue to weigh up the fallout from the collapse of cryptocurrency exchange FTX. But one analyst warned that the bounce is likely just a bear market rally and would not be sustained. related investing news Why Cathie Wood thinks… Source link

November. What a month in the Cryptoverse. One most of us would rather swiftly forget. Were there any winners? Or are all crypto bagholders just one big bunch of losers, thanks to FTX and SBF? (For the record, no, Coinhead doesn’t think crypto investors are all a bunch of losers, even if many portfolios say otherwise just lately.) But we ask ourselves again, was anything up in the crypto market in November at all? Yes, actually, and we’ll… Source link

Ether fared even better, recently climbing more than 7.5% to $1,272, its highest level since the second week of November. Other major cryptos assumed various hues of green, most of them dark with UNI, the token of the smart contracts-based Uniswap platform, and SUSHI, the token of the decentralized exchange SushiSwap, each recently rising over 7%. The popular meme coin DOGE continued its momentum, rising 6% to trade at about 7 U.S. cents. DOGE has jumped roughly 50% over the past week. Source link

Ether fared even better, recently climbing more than 7.5% to $1,272, its highest level since the second week of November. Other major cryptos assumed various hues of green, most of them dark with UNI, the token of the smart contracts-based Uniswap platform, and SUSHI, the token of the decentralized exchange SushiSwap, each recently rising over 7%. The popular meme coin DOGE continued its momentum, rising 6% to trade at about $.10.7 cents. DOGE has jumped roughly 50% over the past week. Source link