The CEO of global investment manager VanEck, Jan van Eck, is reportedly expressing optimism that the price of Bitcoin (BTC) will rise to stratospheric heights. The VanEck CEO says that Bitcoin could rally by around 732% from current levels to reach $250,000, according to a report by business publication Barron’s. Van Eck says that at the six-figure price, which he believes could take decades to materialize – Bitcoin’s market capitalization will be about 50% of gold’s… Source link

Late Friday, Ethereum was once again feeling the pinch of the broader crypto market, trading below $1,800, as prices retreated for the fourth consecutive session. In spite of these little losses, the bearish momentum has prevented ETH from breaking through the $1,800 barrier in the last seven days. After a sluggish pace in April, inflation surged again in May, which might have a negative influence on cryptocurrency markets already suffering from the Federal Reserve’s stricter monetary… Source link

Razi Khan A Master’s graduate in Renewable Energy Systems from England, UK, Razi is a tech-enthusiast. He’s served as a content specialist for BlockPublisher in the US and has been an avid member of the crypto space as a journalist, trader, investor and analyst since 2018. Source link

Privacy and anonymity are some of the founding principles of the entire blockchain and cryptocurrency space. In recent times, however, the influence of these principles has taken a back seat. Recently top cryptocurrency Litecoin (LTC) disclosed that it was set to launch its privacy protocol. The announcement, however, did not receive the desired welcome. An estimated five South Korean exchanges will delist Litecoin (LTC) following its privacy protocol announcement. These exchanges have… Source link

Bitcoin (BTC) ATM installations have marked a new comeback as June 2022 saw the reversal of the five-month-long downward trajectory for the first time this year.  The global ATM installations worldwide fell consistently throughout the year, with May reporting the lowest number of 205 ATM installations. However, June saw the installation of over 882 ATM installations in just the first ten days. Chart showing the net change of cryptocurrency machines number installed and removed monthly…. Source link

Monero will now issue 0.6 XMR per block forever! This is a huge moment for Monero and the cryptocurrency community as a whole. The Monero (XMR) blockchain was designed with what they call a tail emission. Monero block rewards will never drop to zero. Block rewards will gradually drop until tail emission commences at the end of May 2022. At this point, rewards will be fixed at 0.6 XMR per block. For those that may be new to Monero, briefly, Monero is a decentralized cryptocurrency with… Source link

While Bitcoin’s mining difficulty was expected to decrease two days ago on June 8, instead the difficulty increased by 1.29% on Wednesday. On the same day, at block height 739,928, Bitcoin’s hashrate tapped an all-time high (ATH) reaching 292.02 exahash per second (EH/s). Bitcoin’s Blockchain Secured by Close to Three Hundred Quintillion Hashes per Second This week, the Bitcoin network has never been more powerful as the protocol’s computational processing power reached a… Source link

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the opinion of the writer. Litecoin was on a downtrend leading into May, and in mid-May, it formed a range between the $60 and $74 levels. At press time, the price appeared set to drop further after closing a session beneath $60. USDT dominance stood at 6%, at the time of writing, and has oscillated between the 5.84% and 6.5% levels over the past… Source link

Can Logarithmic Finance be a promising project like Monero, and The Sandbox? Has there been a tougher time in the cryptocurrency space for new crypto projects to make a mark in the industry than now? With the expansion of the space over the last few years, the industry has become over-saturated with cryptocurrency projects, making it harder for newcomers to have an impact on the crypto sphere, such as the likes of (SOL), Polygon (MATIC), and (AVAX). It will be a tall order for… Source link

Global financial markets once again find themselves trending lower on June 10 after the Consumer Price Index (CPI) came in at a blistering 8.6% year-over-year increase, the highest print since 1981.  The hotter-than-expected CPI print resulted in a collapse of the $30,000 support and Bitcoin (BTC) price sold off to a daily low of $28,852 before dip buyers managed to bid the price back above $29,000. BTC/USDT 1-day chart. Source: TradingView Here’s what several analysts in the market are… Source link