Bitcoin and Ethereum’s minor southward movements have caused altcoins to struggle as they continued to defend their immediate support levels in order to avoid retracing further. Litecoin still held onto the crucial support level while Monero was pictured above its resistance level. DASH also headed downwards to breach its $149 support level.  Litecoin (LTC) LTC/USD, TradingView LTC has been holding well on its $137 support level, over the past couple of days. At press time too, the coin… Source link

Riccardo Spagni, the former developer of the privacy-oriented cryptocurrency Monero, was arrested last month over accusations of fraud. While Monero has attracted controversy for being the ‘vehicle of choice’ for cybercriminals, Spagni — or ‘fluffypony’ — is behind bars on non-crypto related charges. He has been accused of defrauding his former employer, Cape Cookies, of approximately $100,000 by generating false invoices. Similarly, John McAfee faced tax evasion charges, Ross… Source link

The ethereum network runs the ether cryptocurrency, the second-biggest after bitcoin. Dado Ruvic/Reuters A hotly anticipated upgrade is coming to the ethereum network on Thursday, which will change the way transaction fees work and start to destroy coins. It had been scheduled for August 4, but was delayed slightly. The change is technically known as Ethereum Improvement Protocol 1559, or EIP-1559, and will be included in a network upgrade called the “London hard fork.” Here are four… Source link

XMR, Monero’s is quickly becoming a favorite tool for those interested in the anonymity offered by this blockchain network. After a price action that can generously be called a bull run, XMR is on a path to retracement. Something unique about monero is the wick on both sides of the candle indicating an ambiguity in its price action.  XMR Cryptocurrency Price Analysis After hitting a new monthly high of $261 on 30th July 2021, XMR still couldn’t initiate a bullish sentiment since it… Source link

Developers of Monero disclosed a significant bug in the privacy algorithm. XMR/USD is trading bearish on Tuesday amid the strength of the U.S. dollar.  Forex trading participants may look for a sell trade below the $236 level to the target of $225 and $216. The XMR/USD closed at $233.383 after placing a high of $243.379 and a low of $228.300. It dropped for 3rd consecutive session on Tuesday and reached below the $230 level. Therefore, Monero price forecast… Source link

Bitcoin and Ethereum have been the top cryptocurrencies for the past few years. However, there is a belief in certain quarters that Ether would soon surpass Bitcoin to become the leading cryptocurrency in the market. Pantera Capital Believes In The Flippening Bitcoin has always been the number one cryptocurrency since it was created. However, Pantera Capital CEO Dan Morehead believes that might not be the case for long. He believes that Ether would soon surpass Bitcoin thanks to the numerous… Source link

Ethereum Ethereum rose by 2.04% on Monday. Following a 0.86% gain on Sunday, Ethereum ended the day at $2,608.12. A mixed start to the day saw Ethereum fall to an early morning intraday low $2,503.70 before making a move. Steering clear of the first major support level at $2,467, Ethereum rallied to a late intraday high $2,666.36. Coming up against the first major resistance level at $2,666, however, Ethereum fell back to sub-$2,600 levels before finding late support. At the time of writing,… Source link

It’s become a parlor game in Washington, on Wall Street, and in Silicon Valley to figure out where U.S. Securities and Exchange Commission Chair Gary Gensler stands on cryptocurrencies. Industry lobbyists tune in when he testifies before Congress. Lawyers parse his speeches. Goldman Sachs Group Inc. wealth advisers recently boasted in a research report about looking for clues in 29 hours of the Blockchain and Money course he developed at the… Source link

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The amount of bitcoin being held across all exchanges fell sharply last week, a sign that based on past experience was taken a positive for the bitcoin market.  But the changing dynamics of the market show that as the crypto market grows bigger, relying on just one or two metrics can’t always reveal the full story of what’s going on. Data from blockchain data firm Glassnode shows that the balance of bitcoin on all exchanges fell 4.1% to 2.48 million from 2.587 million in the last four… Source link