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

Ethereum’s native token, Ether (ETH), recorded better gains than Bitcoin (BTC) over the past 24 hours despite the latter finally rising above the key $20,000 level. Ether beats Bitcoin in risk-on rally On the daily chart, Ether jumped approximately 14% to reach its weekly high of $1,554 (data from Binance) on Oct. 26. Bitcoin underwent a similar rally, but its week-to-date profits are just 6% by comparison.  The ETH/BTC pair gained around 8%, climbing as high as 0.075 BTC on Oct. 26. ETH/BTC… Source link

Meanwhile, Optimism, despite having $2 billion locked in its virtual bank vault, has yet to deploy fraud proofs (which it calls “fault” proofs) at all. The network’s proof system is “currently undergoing major redevelopment,” so is currently not active, according to the Optimism website. However, they are said to be planned for a soon-to-arrive update. Source link

In the opinion of many analysts, the value of the Monero (XMR) crypto could have good growth prospects between now and the end of the year. In a strongly negative market, the XMR crypto has been one of those that has certainly performed better, or perhaps it would be more accurate to say “less worse”. On 22 April, the asset had a strong surge surpassing the $250 mark, only to fall precipitously to $160 within a few weeks.  But in the following months, it seems to have consolidated… Source link

Alex Dovbnya Cardano founder Charles Hoskinson is asking U.S. regulators for clear-cut guidance on digital assets as uncertainty continues to persist During a recent conversation on Twitter Spaces, which was hosted by Chamber of Digital Commerce founder Perianne Boring and BakerHostetler partner Teresa Goody Guillén, Cardano founder Charles Hoskinson suggested that Ethereum might be viewed as an unregistered security by the U.S. Securities and Exchange Commission following the… Source link

Bitcoin (BTC) saw its highest levels since mid-September on Oct. 26 as BTC/USD approached the pivotal $21,000 mark. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bears lose big as Bitcoin climbs Data from Cointelegraph Markets Pro and TradingView showed the pair tackling $20,700 at the time of writing, up over 7% in 24 hours. What began as an assault on $20,000 continued on the day, liquidations mounting further after already sealing the biggest shorts obliteration of 2022. Source link

The Litecoin price analysis shows a bullish trend for today, as the price has slightly moved up to reach the $56.10 mark. The coin’s resistance is currently at $56.70, but with the current bullish momentum, it may be able to break through this level and move toward higher prices. On the downside, support for Litecoin is seen at $52.39, and a move below this level could signal a shift in market sentiment. The bulls and bears are currently in a battle for control of Litecoin’s price, and… Source link

Bitcoin price has shown considerable bullish momentum over the past 24 to 30 hours, which has resulted in a massive rally for many altcoins. This development is likely to continue after a minor pullback. So investors that missed this rally should be cautious about entering the market late and getting caught in the wrong direction.   Litecoin price goes nowhere as traders are trying to reassess their next move Litecoin (LTC) price sees traders trying to wrap… Source link

Ethereum noted such bullishness for the first time in more than a month, rising by over 14%. The push in prices helped ETH close above the short-term resistance line, flipping it into support. CFTC chairman Rostin Behnam continues to label ETH as a commodity, while SEC sticks to calling it a security. For the first time in weeks, the crypto market did well for itself, adding over $40 billion to market capitalization within 24 hours. Many cryptocurrencies joined the… Source link

Bitcoin was trading above US$20,000 for the first time in almost three weeks on Wednesday morning trading in Asia. Ether and the rest of the top 10 cryptocurrencies by market capitalization, excluding stablecoins, also gained after the U.K. parliament voted for crypto to be regulated as financial instruments. See related article: Top “UK Crypto Hub” proponent Rishi Sunak to become prime minister Fast facts Bitcoin gained 4% to US$20,091 in the 24 hours to 8:15 a.m. in Hong Kong, reaching a… Source link