Input Output Global (IOG), the development team behind Ethereum (ETH) rival Cardano (ADA), is announcing the launch of a new toolkit that allows for the building of sidechains for the Cardano network. In a blog post, IOG says that the toolkit enables developers to build Ethereum virtual machine (EVM)-compatible chains with their own consensus algorithm and features. One such chain has already been created as a proof of concept, according to IOG’s announcement. “Using the… Source link

Bitcoin (BTC) may be circling its highest levels in months, but few are convinced that the bull market is back. Ahead of a key weekly close, BTC/USD remains near $21,000, data from Cointelegraph Markets Pro and TradingView shows, with analysts nervous about the good times ending all too soon. Bitcoin to see new “depression” before bull run resumes Bitcoin is dividing opinion after its week of brisk gains. Warnings over a potential pullback abound, while others are already commiserating… Source link

This week has been a remarkable one for cryptocurrencies, with Bitcoin and Ethereum both experiencing double-digit gains. The two largest digital assets by market capitalization have both advanced more than 20%, and the trend is likely to continue as they continue to consolidate before their next push higher. FTX, a cryptocurrency exchange that had suffered a major collapse, has managed to reclaim more than $5 billion worth of… Source link

Litecoin price analysis shows that LTC/USD has regained its bullish momentum after a brief pause. The coin has managed to recover its losses and surge above the $88 mark. The bears have been in the market for today’s trading session, but the bulls have gained control over the market. At the time of writing, LTC/USD is trading at around $88.11 after seeing a 0.88% increase in price. The coin has managed to break above the $88.85 resistance level and if it continues to hold, we could see… Source link

Editor’s Note: Jake Cline is a writer and editor in Miami whose work has appeared in The Washington Post, The Atlantic and other national outlets. He was a member of the team that won the 2019 Pulitzer Prize in Public Service for the South Florida Sun Sentinel’s coverage of the mass shooting at Marjory Stoneman Douglas High School. The opinions expressed here are his own. Read more opinion on CNN. CNN  —  Thanks… Source link

The crypto market has been bullish this year, and most cryptocurrencies have registered a significant recovery from the December plunge. Ethereum (ETH) is one of the crypto coins that have posted impressive growth for the first two weeks of January. Ethereum had increased 27% in 2023 and had recovered most of the December losses to post a 20% upsurge for the past 30 days of this writing. However, looking at the charts and price predictions for the next few months, Ethereum still looks… Source link

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsor today is “Swoon” by Falls. Image credit: Javier Zayas Photography/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8. Source link

A crypto strategist who correctly called Bitcoin’s 2018 bottom says the floor for the BTC bear market is already in. Pseudonymous analyst Smart Contracter tells his 281,500 Twitter followers that Bitcoin has managed to take out two diagonal resistances that have kept BTC in a downtrend for over a year. “This weekly BTC candle is solid AF breaking very key trendlines and low timeframe momentum is still going strong.”  Source: Smart Contracter/Twitter Looking at Smart… Source link

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Chamber of Digital Commerce founder and president Perianne Boring discusses the state of crypto after the FTX scandal on ‘The Claman Countdown.’ The new year has pumped new life into Bitcoin and other cryptocurrencies. After a dismal 2022, Bitcoin has come roaring out of the starting gate in the first two weeks of the year gaining in 13 of the last 15 days. The cryptocurrency rising more than 24% during that stretch to $20,728. That compares to the last 52 weeks in which bitcoin lost… Source link