The recent crypto crash has damaged the established ecosystem altogether. Starting from the Luna-Terra crash to an imbalance between bearish and bullish trends in all major cryptocurrencies led to the fiasco we are all dealing with.  Initially, it appeared more of a regular dip in the market, but over time, we experienced that it is one of the awful dipping manias for investors worldwide. Bitcoin (BTC), once standing at 60,000 USD, fell to almost 20,000 USD this year.  The same graph was… Source link

XCarnival, a liquidity provider for the Ethereum ecosystem, recovered 1,467 Ether (ETH) just a day after suffering an exploit that drained 3,087 ETH, worth roughly $3.8 million, from the protocol. Blockchain investigator Peckshield noticed the XCarnival hack as it came across a stream of transactions that eventually bled 3,087 ETH from the protocol. Explaining the nature of the exploit, Peckshield stated: “The hack is made possible by allowing a withdrawn pledged NFT to be still used as the… Source link

TL;DR Breakdown Litecoin price analysis suggests sideways movement below $60.00 The closest support level lies at $57.19 LTC faces resistance at the $60.10 mark The Litecoin price analysis shows that LTC has failed to break above the $60.00 resistance level and has fallen back to the $57.00 mark.  The broader cryptocurrency market observed a bullish market sentiment over the last 24 hours as most major cryptocurrencies record negative price movements. Major players include NEAR and KSM,… Source link

Bitcoin (BTC) starts a new week above $20,000 but heading for a new bearish record as a key support level remains out of reach. After a calm weekend punctuated by a brief spike to near $22,000, BTC/USD is back near the Friday closing price of CME futures markets. A “round trip” thus allows traders to pick up where they left off at the end of last week’s final Wall Street trading session, but what could lie in store in the coming days? A familiar cocktail of macro threats and ongoing… Source link

Ethereum scaling solution will fuel cap table platform for unlisted companies ETH Price at the time of writing – $1,239.07 The new platform will allow Norwegian citizens to access shares of companies that have not gone public yet Interestingly, a significant nation has started utilizing Ethereum and its items to make a totally new sort of monetary market for comprehensive and vote based exchange. Ethereum-based innovations for unlisted organizations’ portions: Case of Norway Jon Ramvi,… Source link

This is an opinion editorial by Andrew Hetherington, a contributor to Bitcoin Magazine. Since the Nixon Shock of 1971, wealth inequality has soared to levels not seen in over a century. The dollar was no longer redeemable for gold but was instead backed only by faith. Without the limitations of a backed currency, those in power were given the opportunity to create as much fiat currency as they desired, with little to no consequence. Destined to lose faith due to abuse, fiat currency was… Source link

Andrew is a blockchain developer who developed his interest in cryptocurrencies while his post-graduation. He is a keen observer of details and shares his passion for writing along with being a developer. His backend knowledge about blockchain helps him give a unique perspective to his writing Source link

Ethereum price has rallied 35% in just a few days. Ethereum price has printed two impulse waves subtly confined within a parallel channel. Invalidation of the bullish thesis is a breach below the June 18 swing low at $877.80 with contingencies. (read below) Ethereum price could become a very favorable digital asset for day traders in the coming days. Still, the final confirmation for more upside potential has not yet occurred. Ethereum price could get… Source link

A popular crypto analyst says he’s doubtful that massive Bitcoin (BTC) predictions for next year could come into fruition.  In a new interview on InvestAnswers, widely followed crypto trader Benjamin Cowen offers his view on one prediction that Bitcoin could rise over 1,000% from current prices by 2023.  Late last month, venture capital investor Tim Draper made a forecast that Bitcoin will hit $250,000 next year.  Cowen says he no longer believes Bitcoin could even hit the… Source link

Photo-Illustration: Intelligencer; Photo: Jeenah Moon/Bloomberg via Getty Images A little over a year ago, when I interviewed Mike Novogratz, a veteran hedge-fund manager and crypto billionaire, I asked him what he was excited about. The CEO of Galaxy Digital, a blockchain-focused investing firm, had a short list to tout that included “luna,… Source link