Ethereum’s transaction fees went through the roof due to the high demand for the highly anticipated virtual land sale related to Yuga Labs‘ metaverse project. The situation turned so bad that Yuga Labs, the company behind the Bored Ape Yacht Club (BAYC), said, “ApeCoin will need to migrate to its own chain to properly scale.” While the non-fungible token (NFT) frenzy burned around 70,000 ETH (worth $2 billion), the market was not impressed. At press time, ether traded 0.8% lower on the day… Source link

Litecoin’s LTC/USD price has increased 4.0% over the past 24 hours to $100.45, which is in the opposite direction of its trend over the past week, where it has experienced a 3.0% loss, moving from $101.74 to its current price. As it stands right now, the coin’s all-time high is $410.26. The chart below compares the price movement and volatility for Litecoin over the past 24 hours (left) to its price movement over the past week (right). The gray bands are Bollinger Bands, measuring the… Source link

Bitcoin (BTC) may continue its “bear market,” one trader says amid hope that a U.S. dollar reversal could soon improve BTC price action. In his latest YouTube update on May 2, Cointelegraph contributor Michaël van de Poppe argued that USD’s current surge would not last long. Dollar strength reversal “close” Bitcoin is still under pressure as stocks and crypto alike face the reality of a major policy flip from the U.S. Federal Reserve. Due to be announced this week, the Fed is tipped to… Source link

Text size Berkshire Hathaway’s Warren Buffett made it clear over the weekend that he has no interest in investing in the world’s largest cryptocurrency. Dreamstime … Source link

Screenshot: YouTube / CNBC Warren Buffett has always been a bitcoin skeptic. But the billionaire investor had his most harsh words yet for the cryptocurrency over the weekend. Buffett made it clear that his opposition to crypto has nothing to do with whether people can make money trading bitcoin. Buffett’s opposition is purely on principle because bitcoin has no intrinsic value. “Whether it goes up or down in the next year, or five or 10 years, I don’t know. But the one thing I’m… Source link

Monero is one of the first cryptocurrencies that has taken the privacy and security of decentralized transactions very seriously. It allows to send and receive transactions without making the data available to other users, and it offers real advances in privacy and fungibility.  Monero software is programmed to update every six months, which allows the user to add new features or add advanced cryptography without controversy. It offers such authority to the users, which attracts the interest… Source link

If you are a beginner looking for an introduction to the world of cryptocurrencies, the main features of bitcoin are the decentralised nature of the currency and its network of computers. The technology behind Bitcoin is based on a decentralized network of computers, or blockchain, which is a distributed ledger that allows users to conduct transactions without involving any central point. This means that any information entered into the network will be protected against third-party… Source link

Text size Dreamstime Bitcoin traded higher Monday and other cryptocurrencies rose in a… Source link

Most cryptocurrency investors are satisfied with small but quick gains. Getting long-term gains is now possible with three cryptocurrencies that we will discuss in this article. These 3 cryptos are Seesaw Protocol (SSW), Litecoin (LTC), and Cosmos (ATOM). These have been handpicked because of their ability and potential to generate massive returns if invested in the long term.  Cryptocurrencies have seen a lot of adoption but most networks are independent and cannot communicate with each… Source link

Bitcoin (BTC) starts a new week with much to make up for after its worst April performance ever. The monthly close placed BTC/USD firmly within its established 2022 trading range, and fears are already that $30,000 or even lower is next. That said, sentiment has improved as May begins, and while crypto broadly remains tied to macro factors, on-chain data is pleasing rather than panicking analysts. With a decision on United States economic policy due on May 4, however, the coming days may be a… Source link