Ethereum’s network looks all set for the year 2022 and for the years to come, as per a new report released by a16zcrypto. The 2022 State of Crypto report discussed the trend lines of the crypto-industry and the development of Web3. Lying at the heart of it is Ethereum with its smart contract platforms that have spread diversely. How does ETH dominate Web3? Ethereum has gradually developed as the leading altcoin network in Web3. Acolytes of the token consider ETH to tip Bitcoin soon after… Source link

“Wen MimbleWimble [MWEB] update?”, you ask. Well, according to Charlie Lee, Managing Director of the Litecoin Foundation, the MWEB upgrade is estimated to activate on 19 May at 8:30 p.m. (5/20 3:30 a.m. UTC). With the promise to enhance the user experience by providing users the option to make confidential transactions on the Litecoin network, here is what you should know about the performance of the LTC token so far.  Off goes the Lite On 3 May, the Lite Foundation made an

The first indication from El Salvador’s extremely online president Nayib Bukele that his country’s experiment with Bitcoin was not going well came last week, in typical fashion, on Twitter. But this time it was uncharacteristically subtle: He briefly removed the red laser eyes from his avi. The laser eyes motif, adopted by many a crypto bro on social media, had marked Bukele as a true believer. It dovetailed well with the 40-year-old’s carefully crafted public image of a hip, young,… Source link

What happened Cryptocurrencies lost ground Wednesday as investors continued to attempt to assess the state of the U.S. economy and what steps the Federal Reserve will need to take to rein in high inflation. As of 1:25 p.m. ET, the price of the world’s largest cryptocurrency, Bitcoin (BTC -4.87%) had fallen 3.4% over the prior 24 hours. The world’s second-largest cryptocurrency, Ethereum (ETH -7.13%), had fallen about 4%, and meme token Dogecoin (DOGE -6.66%) was off by more… Source link

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Bitcoin (BTC) headed toward an “interesting” liquidity area on May 18 as United States stock markets opened with a bearish bang. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC price nears “interesting” rematch with lows Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it broke through the $29,000 support after the Wall Street open. U.S. markets saw a swift reversal of prior gains on the day, with the S&P 500 down 2% and the Nasdaq 100 down 2.3% within the… Source link

Ether (ETH) price has been trying to establish an ascending channel since the May 12 market-wide crash that sent its price to $1,790. Currently, the altcoin’s support stands at $2,000, but the high correlation to traditional markets is causing traders to be highly skeptical s cryptocurrency market recovery.  Ether/USD 4-hour price at Bitstamp. Source: TradingView To date, the Federal Reserve continues to dictate the markets’ performance and uncertainty has been the prevailing sentiment… Source link

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice USDt Dominance, which is a metric for the dominance of Tether in the crypto market, has fallen from 7.12% to 6.18% at press time. The implication of this development is that market participants have moved out of holding USDt and likely have deployed it in the crypto markets. However, with Bitcoin unable to climb past the $30.8k mark in the past few days, can… Source link

Popular crypto and stock trading platform Robinhood enters the NFT space with a standalone multichain Ethereum wallet similar to the likes of Coinbase and Metamask which are Web3-focused products. The non-custodial crypto wallet allows storage of varied NFTs which is also designed to be compatible with NFT marketplaces. There is a waitlist for Robinhood and the crypto wallet set to launch by the end of the year will be available for the first 1,000 registered… Source link

Many regarded Bitcoin as the future currency, whereas Ethereum is the second most cryptocurrency behind Bitcoin Evolution App. It is the fastest-growing currency. They are both comparable. Both are decentralized, which means a central bank does not govern them—in both cases, deploying blockchain technology. Now discuss them one by one. About bitcoin Bitcoin, is the world’s first decentralized peer-to-peer digital currency. Because all bitcoin transactions are between equal network… Source link