These are tough times for cryptocurrencies. Their prices are hovering around their levels in the latter months of 2020, which now feels like a world ago. The trading platforms that invite the masses to buy and sell them are laying off workers in droves as their stock prices tank and, in some cases, they prevent customers from making withdrawals. Their stablecoins have turned out to be something less than stable. One case for crypto, that it is less susceptible to manipulation and corruption… Source link

Vitalik Buterin. Source: a video screenshot, Lex Fridman / YouTube   Ethereum (ETH) co-founder Vitalik Buterin has said he is “definitely” worried about centralization risks following The Merge, the event when the current Ethereum Mainnet merges with the beacon chain proof-of-stake (PoS) system. The Ethereum mastermind noted that Lido Finance, the largest provider of staking services for Ethereum, where around a third of staked ETH… Source link

“Opinion amongst investors is extremely polarized, with some seeing this as a great buying opportunity, while others are spooked, liquidating positions,” James Butterfill, head of research at CoinShares, told CoinDesk in an email. “Fund flows are likely to remain mixed.” Source link

“This recovery removes some of the extreme oversold nature of the cryptocurrency,” said Alex Kuptsikevich, a senior market analyst at FxPro. “Still, it will be too early to talk about a long-term reversal: All negative fundamentals remain. Until sharp monetary policy tightening becomes the norm, financial market pressures can quickly negate bounces in cryptocurrencies.” Source link

As the trading activity has picked up in the cryptocurrency market over the last two days, the prices of some virtual currencies are rising and gaining traction among crypto enthusiasts. At 10 AM EST, Monero (XMR) crypto appeared to have caught the attention of potential investors as its price gained 8.3 per cent, trading at US$ 124.13 per token. Also Read: SNX crypto price soars 100% & volume rockets over 700%: Here’s why After dropping significantly over the past two weeks, the valuation… 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

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not… Source link

Bitcoin was trading higher for a second consecutive session on Tuesday, which is the first time it’s seen back-to-back gains in over two weeks. ETH also climbed in today’s session, as bulls continued to re-enter the market. Bitcoin BTC was trading higher for a second consecutive session on Tuesday, as markets continued to move away from recent lows. Prices hit an intraday peak of $21,387.65 earlier in today’s session, less than a day after trading at a low of $19,905.48.

ETH price bounces back from brief fall below $1,000 as Celsius Network announces re-payment start. Ethereum price has yet to breach the Elliott Wave trend channel. A breach at $366.80 will invalidate the bullish macro count. UPDATE: Ethereum price is trending slightly higher on Tuesday after closing Monday with a Doji candlestick, indicating the start of a potential consolidation period. ETH bulls seeming have been able to finally stabilize somewhat the price… Source link

Over the past 12 months, interest in Bitcoin – the world’s premier crypto currency – has increased, with BTC recording dramatic price fluctuations marked by an all-time high and large corrections. Despite the asset’s present increasing instability, curiosity over the cryptocurrency’s next price movement has sparked a surge in interest. According to Google search patterns, falling BTC prices are fueling rumors about the “death” of the main… Source link