Cryptocurrencies were mostly consolidating on Dec. 26, as markets remained muted following the Christmas weekend. Bitcoin remained marginally above a key support point at $16,800, whilst ethereum remained near a ceiling at the $1,230 mark. Overall, the global crypto market is up 0.20% as of writing. Bitcoin Bitcoin (BTC) remained slightly above a ceiling at the $16,800 level to start the week, as markets remained mostly unchanged following the Christmas weekend. Trading volume… Source link

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For most crypto ecosystems, being compliant with federal sanctions have a negative impact on its global reach. However, when it comes to Ethereum, investors have significant power to decide the degree of compliance the ecosystem obeys. Nearly 60% of all post-Merge Ethereum blocks comply with the United States sanctions put forth by the Office of Foreign Assets Control (OFAC). While the crypto community stands against this transformation, many fail to realize their own contribution to helping… Source link

The comparison between bitcoin and gold gets livelier. Although the sudden collapse of cryptocurrency exchange FTX has left a very bad taste among many investors, Mark Cuban still has not given up on crypto. In an apparent demonstration of his support for bitcoin, the billionaire also flung an expletive at gold speculators. In an episode of the “Club Random” podcast hosted by comedian Bill Maher and set to air Monday, the owner of the NBA team Dallas Mavericks provided his thoughts on… Source link

Monero (XMR) is a peer-to-peer digital currency that focuses on privacy and anonymity. Monero seeks to conceal blockchain transactions in order to shield data from public scrutiny. Monero is considered a more anonymous or privacy-oriented digital currency, as a transaction on its blockchain cannot be attributed to a specific user or real-world identity. advertisement Monero’s Future Outlook With a market cap of $2.6 billion, XMR is currently trading at $145.50. Its prices have… Source link

As crypto enthusiasts look forward to a New Year, there’s the hope that 2023 will be a better year than 2022. Maybe there were some profitable moments in 2022, but overall, it was disastrous for the landscape and the people invested in it. The market was very volatile, and several events took a toll on the market, like Russia’s war on Ukraine, the LUNA crash, and the most recent FTX collapse. All of these are drivers of negative sentiments for the market; however, things are looking good… Source link

Litecoin price remained well bid above the $60 support zone against the US Dollar. LTC is rising and might attempt a fresh rally above the $70 level. Litecoin started a fresh decline below $80 support against the US Dollar. The price is now trading below $70 and the 100 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $70.50 on the 4-hours chart of the LTC/USD pair (data feed from Kraken). The price could start a decent increase if there is a… Source link

The Bitcoin network hashrate has dropped by more than 38.8% from its peak on Wednesday, as many U.S.-based miners have been forced to switch down their facilities due to deadly blizzards. See related article: British Columbia suspends new electricity connections for crypto miners Fast facts Bitcoin hashrate, the level of computing power used for mining and processing transactions, came in at 155.28 exahashes per second on Saturday, down from 253.88 exahashes on Wednesday, according to data from… Source link

Shark Tank star and the owner of the NBA team Dallas Mavericks, Mark Cuban, says bitcoin is a good investment. The billionaire wants the price of the cryptocurrency to fall further so he can buy some more. Meanwhile, he insulted gold investors, calling them “dumb as f***.” Mark Cuban Prefers Bitcoin Over Gold Shark Tank star and the billionaire owner of the NBA team Dallas Mavericks, Mark Cuban, shared his thoughts about bitcoin and gold in an episode of the “Club Random”… Source link

CNBC host Jim Cramer is warning people to stay away from cryptocurrencies, especially Solana (SOL) and Litecoin (LTC). In a new CNBC interview, Cramer says that he has sold all his digital asset investments and would not enter the space again, in the aftermath of the FTX collapse. “I would not touch crypto in a million years. Because I wouldn’t trust the deposit bank. They fought regulation. They didn’t want regulation, and you don’t have regulation. So if you have your… Source link