They call it “max pain” in the bitcoin options market: How to make one’s trading counterparty suffer the most.  Although the largest cryptocurrency was changing hands Wednesday around $56,500, traders were handicapping the odds of a plunge to about $44,000 by Friday, when a record $6 billion of options contracts is set to expire.  A drop to that price level would inflict “max pain” on buyers of options contracts, and it might be the most profitable price point for options sellers…. Source link

LONDON, March 24, 2021 /PRNewswire/ — Blockchain as a Service (BaaS) platform Stratis’ support to private and public blockchain solutions, Ethereum and Hyperledger, opens the ecosystem to mainstream adoption by businesses. Stratis Stratis is developed to help make blockchain services accessible for businesses worldwide. In pursuit of that aim, it now supports interoperability with Ethereum, allowing firms to tap into the ease of use provided by Stratis Technologies while… Source link

Investors who have owned stocks in the last year have generally experienced some big gains. In fact, the SPDR S&P 500 (NYSE: SPY) total return over the last 12 months is 74.3%. But there is no question some investments performed better than others along the way. Bitcoin’s Big Run: As strong as the stock market has been since it bottomed on March 23, 2020, Bitcoin (CRYPTO:BTC) has been much stronger. After a wild ride that took Bitcoin prices near $20,000 in late 2017, the previous Bitcoin… Source link

Bloomberg Biden’s Likely Tax Wins Are Personal-Rate Hikes, Audits of Rich (Bloomberg) — Democrats will likely prove successful in raising individual income tax rates and in strengthening audits of wealthy Americans as they work on overhauling the U.S. tax code in coming months.That’s a key takeaway from a survey of 15 current and former White House and congressional aides specializing in tax policy completed by Bloomberg this month. A tax on unrealized capital gains, as envisioned by… Source link

The Ethereum developer community is pushing with guns blazing toward proof-of-stake (PoS). But a few speed bumps remain in the way, especially when reflecting on the Ethereum Improvement Proposal (EIP) process. Last Friday, Ethereum developers began spitballing possible dates for merging the Eth 2.0 client, the Beacon Chain, and the current Ethereum network, Eth 1.x, also known as Ethpow. One idea circulating among developer communities slates “The Merge” for after July’s London hard… Source link

Tesla TSLA chief executive Elon Musk—whose tweets regularly move the bitcoin price (as well as other cryptocurrencies)—has revealed people can now buy a Tesla car with bitcoin. In a series of tweets, Musk said that bitcoin paid to Tesla will be retained as the cryptocurrency and not converted back to dollars, adding to Tesla’s $1.5 billion worth of bitcoin it bought last month. MORE FROM FORBESTesla Billionaire And Bitcoin Bull Elon Musk Is Actually The ‘Answer’ To Climate… Source link

The Litecoin price is attempting to bounce back after dropping to a multi-week low of $170 yesterday. The LTC is trading at $192, which is 6.7% above its lowest level this week. Its market cap is at$12.89 billion, according to data compiled by Coin Marketcap.  What happened: Litecoin has been an embattled cryptocurrency after it reached an all-time high of $245. It has dropped by more than 22% from this high. This performance is mostly because of the overall… Source link

Ethereum Ethereum fell by 0.79% on Tuesday. Following a 5.78% slide from Monday, Ethereum ended the day at $1,668.09. A mixed start to the day saw Ethereum rise to an early morning high $1,714.61 before hitting reverse. Falling short of the major resistance levels, Ethereum slid to a mid-morning intraday low $1,652.06 before finding support. Steering clear of the first major support level at $1,623, Ethereum struck a late afternoon intraday high $1,723.61. Falling short of the first major… Source link

Litecoin is on the verge of a massive technical breakout from a falling wedge pattern. The MVRV ratio shows that LTC is in a buy zone, which is a bullish signal. Litecoin’s expected breakout may delay due to the resistance illustrated by the IOMAP. Litecoin is trading 2% higher over the last 24 hours. It is among the few coins dotting the cryptocurrency market green. Meanwhile, short-term technical analysis suggests that a breakout is around the corner, especially… Source link

Litecoin during the last cycle was as popular and hyped as other top cryptocurrencies Bitcoin and Ethereum. This time around, however, the coin called digital silver isn’t performing anywhere nearly as well as its digital gold counterpart or even other altcoins. Whatever has been causing the lag behind the rest of the market, there are several signs that the altcoin has bottomed and is the next cryptocurrency in line to set a new all-time high. Five Technical Signs That Point To A Bullish… Source link