In March 2021, Sebastian received a Tweet from an account he thought was the real Elon Musk. “Dojo 4 Doge?” read the message from an account purportedly run by Musk’s team, describing a competition that promised to double the amount of crypto sent in by participants. Sebastian, who lives in Cologne, Germany, later told BBC that while he had some apprehensions, the website he was directed to looked legitimate, and the potential returns were too good to turn down. It wasn’t long before… Source link

Ethereum Ethereum slid by 6.26% on Friday. Following a 2.13% decline on Thursday, Ethereum ended the day at $3,209.82. A mixed start to the day saw Ethereum rise to an early morning intraday high $3,514.37 before hitting reverse. Falling short of the first major resistance level at $3,531, Ethereum fell to a late intraday low $3,142.67. Ethereum fell through the first major support level at $3,356 and the second major support level at $3,287. The sell-off also saw Ethereum fall through the 23.6%… Source link

“Slow and steady wins the race,” is a saying as old as time. In fact, it still holds true for a lot of things. When talking about the same in the context of cryptocurrencies, many have often associated it with Litecoin. However, the “digital silver” has been challenging the notion of late with its impressive rallies and price action.  Litecoin has made some impressive gains this season. This, despite the fact that it wasn’t unaffected by the flash crash a few days ago and… Source link

Decided you want in on the action? You can buy ETH on Coinbase, Gemini, and eToro. Ethereum was invented in 2013 by Vitalik Buterin as an ambitious project that seeks to apply blockchain technology to more than just money. Through the use of smart contracts, developers can create and run elaborate systems on the Ethereum network that do much more than move currency from 1 wallet to another. In fact, entire applications have been built on the Ethereum network.  Ethereum’s… Source link

This week’s “flash crash” that dragged bitcoin (BTC-USD) back below $50,000 — and sent other digital coins reeling in its wake — marred what should have been the momentous occasion of the first sovereign country on earth adopting a cryptocurrency as legal tender.  Despite the ugly price action, most of crypto’s true believers are still just that — even as some observers question bitcoin’s head-spinning volatility, and El Salvador’s decision to throw its weight behind it.  Michael… Source link

In the ever-evolving world of cryptocurrencies and blockchain technology, the race to establish a highly scalable, user-friendly network capable of being adopted on a global scale is a never-ending marathon where new competitors regularly join in on the race.  Bitcoin is undoubtedly the market leader when it comes to network security, active users and market capitalization value, while Ethereum has thus far established itself as the top smart contracts platform, but the continued difficulty… Source link

El Salvador updates Sign up to myFT Daily Digest to be the first to know about El Salvador news. As the cryptocurrency bitcoin became legal tender across El Salvador this week, a long queue formed at a cash machine on the edge of the capital. Those in line were mostly after one thing: US dollars. Many waited to convert the $30-worth of free bitcoin given to them by the Salvadoran government into hard currency, but the cash dispenser stopped working. An official admitted that just three… Source link

What happened Bitcoin (CRYPTO:BTC), Ethereum (CRYPTO:ETH), and Dogecoin (CRYPTO:DOGE) are down 9.38%, 14.56%, and 17.44% respectively in the past seven days as of 9:00 a.m. EDT. They are now trading at $46,000.54, $3,378.97, and $0.2479 per coin respectively. After a record bull recovery, cryptocurrencies are witnessing significant fatigue amid more regulatory scrutiny, internal strife, and “altcoin rotation,” which is similar to sector rotation… Source link

Monero coin price is observing a consolidated momentum after a dramatic fall down from $320 to $220. It can soon attain its high of $320 in the future XMR coin is currently looking to break above the 50MA resistance. Meanwhile, XMR/BTC pair is up by more than 1.11% in the past 24 hours XMR coin price is currently seeing a weak upside momentum and can soon observe a breakout for a new high. Monero price is near the value of $265 with a gain of more than 2% in the intraday session. XMR coin… Source link

Bitcoin (BTC) available on exchanges is about to hit its lowest levels ever, the latest data shows. As noted by Ki Young Ju, CEO of on-chain analytics platform CryptoQuant, exchange reserves have returned to all-time lows last seen in early May. Time for another Bitcoin “sell-side liquidity crisis?” As of Thursday, the latest date for which figures are available, there was 2.399 million BTC available across major exchanges. May’s low measured 2.390 million. Bitcoin traders have thus… Source link