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

These machines, known as mining rigs, work round the clock to find new units of cryptocurrency. Benjamin Hall | CNBC New York Gov. Kathy Hochul signed a law Tuesday banning certain bitcoin mining operations that run on carbon-based power sources. For the next two years, unless a proof-of-work mining company uses 100% renewable energy, it will not be allowed to expand or renew permits, and new entrants will not be allowed to come online. “It is the first of its kind in the country,” Hochul said… Source link

Ethereum found support near $1,070 and recovered above $1,150 against the US Dollar. ETH could rise further, but upsides might face hurdles near $1,200 and $1,230. Ethereum started an upside correction from the $1,070 and $1,080 support levels. The price is now trading above $1,120 and the 100 hourly simple moving average. There was a break above a major bearish trend line with resistance near $1,140 on the hourly chart of ETH/USD (data feed via Kraken). The pair could rise further towards… Source link

Sabrina Martins Vieira Solana’s crash should favor Cardano, but it is not the key to making the altcoin the “Ethereum Killer” Certainly, Solana (SOL) is one of the cryptocurrencies most affected by the FTX meltdown. The competitor of Ethereum (ETH) experienced a large loss of market capitalization shortly after the announcement of the insolvency of Sam Bankman-Fried’s (SBF) companies. Why did that happen? SBF has always shown himself to be a big supporter of the altcoin. Therefore,… Source link

Trading Ethereum can be a completely different experience to trading Bitcoin and other cryptocurrencies. While most cryptocurrency will typically move in unison, each Cryptocurrency does still have its own fundamental factors unique to its particular ecosystem, which means that they can move at different intensities and sometimes these unique aspects means they won’t move in unison at all. This can be very much true for Ethereum and it can frequently diverge from… Source link

With help from Derek Robertson and Daniel Lippman A view of a gate to Harvard Yard on the campus of Harvard University. | Maddie Meyer/Getty Images CAMBRIDGE, MASS.— Bitcoin was invented to circumvent the world’s central banks, so the idea that those banks would start buying Bitcoin in bulk ranks somewhere from counterintuitive to far-fetched. But after Western governments froze Russia’s foreign exchange reserves early this year, speculation mounted that some… Source link

Litecoin bucked the market downtrend, posting 19% gains over the past week to lead the top 100. Price performance over the last 24 hours has seen LTC record 13.7% gains to $70.10 from $61.53 at the time of press. The majority of today’s gains resulted from a 9.6% upside swing on the 13:00 (UTC) candle. Source: LTCUSDT on TradingView.com As a result, Litecoin continues climbing higher on the market cap rankings. Excluding stablecoins, this positions LTC in the top 10 to rank 9th,… Source link

Ether (ETH) price experienced an 11.9% decline from Nov. 20 to Nov. 22, bottoming at $1,074 — the lowest level seen since July. Currently, investors have reason to be concerned after crypto lending company Genesis reportedly faced difficulties raising money, triggering rumors of insolvency on Nov. 21.  However, a spokesperson for Genesis told Cointelegraph that there were no plans for imminent bankruptcy because the company continues to hold discussions with its creditors. Unease about the… 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

On-chain data shows Ethereum whales have added $1 billion more to their holdings recently, something that could be bullish for the crypto’s price. Ethereum Whales Now Hold 947,940 ETH More In Their Wallets As per data from the analytics firm Santiment, this jump in the whale holdings is the 5th largest in this year so far. The relevant indicator here is the “Supply Distribution,” which tells us the percentage of the total Ethereum supply that each wallet group has right now. Wallets… Source link