Ethereum price hovers around $1,550 after a bullish start to 2023.  Investors are already detailing fundamental reasons why the current levels are the best place to accumulate ETH. Developer activity, deflationary status, and staking are a few of the most important reasons that make the smart contract token stand out from the rest. Ethereum has played an extremely important role in building the cryptocurrency ecosystem in the world. Although many blockchains were… Source link

Sabrina Martins Vieira Check out why Monero is still alive on market, even though you may not notice it anymore Contents But is Monero an ideal choice for illegal activities? Monero is not doing well, but it is not dead Monero (XMR) is one of the pioneering cryptocurrencies on the blockchain market, launched in 2014. It has gained popularity among individuals who prioritize privacy in their transactions. Despite its initial success, Monero has recently seen a decrease in mainstream media… Source link

Our weekly roundup of news from East Asia curates the industry’s most important developments. Samsung’s new Bitcoin ETF On Jan. 13, Samsung Asset Management, a wholly-owned subsidiary of the namesake South Korean conglomerate, successfully listed the Samsung Bitcoin Futures Active ETF on the Hong Kong Stock Exchange. According to local news outlet Edaily, the ETF debuted under the ticker 3135:HK and seeks to replicate the performance of spot Bitcoin by investing in… Source link

The new head of FTX is exploring the possibility of restarting the bankrupt crypto exchange, according to an interview he gave to the Wall Street Journal, his first since taking over at FTX in November. This article originally appeared in Crypto Markets Today, CoinDesk’s daily newsletter diving into what happened in today’s crypto markets. Subscribe to get it in your inbox every day. John J. Ray III, who previously handled Enron’s restructuring, said that despite the accusations of… Source link

But the announcement turned out to be “anticlimactic, at least in contrast to what the markets were guessing would happen,” said Michael Safai, managing partner of crypto trading firm Dexterity Capital. Safai told CoinDesk that the crypto market’s recent positive sentiment could lift further if institutional traders maintain BTC’s trading range between $20,000 and $21,000 over the next couple of days. Source link

Bitcoin fell from an all-time price high of close to $69,000 in November 2021 to below $16,000 in November 2022 (Getty Images/ iStock) The price of bitcoin is up by almost a third since the start of the year, leading to speculation that the prolonged ‘crypto winter’ is finally beginning to thaw. The world’s leading cryptocurrency was trading above $21,000 on Thursday, pushing its market cap higher than $400 billion for the first time since November. The latest gains come amid easing… Source link

“You will see them everywhere. You will see them in the Bahamas, you will see them in New York, London, and what we need to do as governments is to work together, with the industry as well, to ensure that if someone does something wrong, he can’t move from one place to the other,” he said. Source link

Cryptos responded in kind, testing lows but then recovering as investors chewed over the conflicting data. Bitcoin declined temporarily to $20,780 before finding its footing. The largest cryptocurrency by market capitalization was recently trading a little below $21,000. Ether’s price also dropped, to $1,513, before rising to near $1,550. Source link

Bitcoin (BTC) miner CleanSpark is expanding operations in the state of Georgia, adding to its mining capacity despite the ongoing bear market.  Groundbreaking on a new 50-megawatt Bitcoin mining facility in Washington, Georgia, is underway, with expected completion in late spring, CleanSpark disclosed on Jan. 19. The nearly $16 million expansion is expected to increase the company’s hashrate by 2.2 exahashes per second, with total hashrate reaching as high as 8.7 EH/s. The expanded… Source link

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