After an eight-year dormancy, a Bitcoin (BTC) Whale unexpectedly moved $30 million worth of BTC. On November 20th, 2013, the exact address received 1,000 BTC worth $567,600 at the time, Blockchair reported.  The Bitcoin remained dormant in one wallet until it was moved as part of a much larger block that sent nearly 2,100 BTC to two other addresses. One address received 2,000 bitcoins, while the second collected above 99.99 bitcoins. Related Readings | Snoop & Gary Vee Got “Ownership”… Source link

Monero coin is struggling to move above the 20-day exponential moving average in terms of the daily price chart. Traders have noticed a 43% drop in trading volume for XMR Coin in the last 24 hours. The Monero coin belonging to the bitcoin pair is trading at 0.004933 satoshis, up a little over 3.15%. Monero (XMR) has rotated from its $283-ceiling after a 6-week up-channel (White). With two bear moves in the last four weeks, increased selling pressure has dragged Alt to its February lows till… Source link

Purpose of Ethereum 2.0 The primary goal of the Ethereum 2.0 update is to improve scalability so that the network can handle more transactions without delays or high fees.  While the full effects of the update will not be felt until it is fully rolled out, some of the possible use cases for Ethereum 2.0 include: Supporting the large-scale enterprise adoption of blockchain technology in private corporations and businesses; Creating more decentralized autonomous organizations… Source link

A Bitcoin logo is seen during the Bitcoin 2022 Conference at Miami Beach Convention Center in Miami on April 8. Crypto such as Bitcoin have tumbled in recent days as part of a storm hitting all kinds of markets. Marco Bello/Getty Images … Source link

Popular terms such as blockchains, Bitcoin, and Ethereum, may go over your head and that is ok you do not have to be an expert to embark on investing in crypto. Cryptocurrency is a digital currency that is being used in many different cities around the world, which is currently being used as an alternative form of payment in some countries using encryption algorithms. The use of encryption technologies means that cryptocurrencies can function both as a currency and a virtual accounting… Source link

Let’s take a brief look at Cardano, Monero and Quitrium Finance The crypto market seems to grow larger and larger as new tokens troop in regularly. This has made it difficult for most investors and crypto enthusiasts to decide what cryptocurrency they want to invest in. However, with the advent of these tokens came unique and amazing features that have been seen to catch the attention of the public.  Cryptocurrencies such as Monero (XMR) and Cardano (ADA) are setting the pace and taking… Source link

For most casual digital asset investors, the Ethereum 2.0 upgrade promises to be a game-changing event that will improve efficiency, reduce network costs and propel the entire blockchain and crypto space closer to a Web3 reality. Ethereum has been struggling with a lack of scalability and skyrocketing gas fees, and since it serves as the largest smart contract and DApp development platform, the move to a more reliable and scalable proof-of-stake (PoS) blockchain will be a welcome… Source link

Altcoins saw a relief bounce on May 13 as the initial panic sparked by Bitcoin’s sell-off Terra’s UST collapse and multiple stablecoins losing their dollar peg begins to decrease and risk loving traders look to scoop up assets trading at yearly lows. Daily cryptocurrency market performance. Source: Coin360 Despite the significant correction that occurred over the past week, Bitcoin (BTC) bulls have managed to claw their way back to the $30,000 zone, a level which has been defended multiple… Source link

This week the crypto market endured a sharp drop in valuation after Coinbase, the leading U.S. exchange, reported a $430 million quarterly net loss and South Korea announced plans to introduce a 20% tax on crypto gains. During its worst moment, the total market crypto market cap faced a 39% drop from $1.81 trillion to $1.10 trillion in seven days, which is an impressive correction even for a volatile asset class. A similar size decrease in valuation was last seen in February 2021, creating… Source link

Momentum signals remain negative on the daily, weekly and monthly charts, which typically leads to a period of low or negative returns. Further, BTC is on track for its first-ever consecutive seven-week decline, according to Coinbase price data provided by TradingView, dating back to 2014. That’s also a sign of negative price momentum. Source link