One of the first altcoins, or cryptocurrencies other than Bitcoin, was Litecoin, released in 2011. Although it was technically identical to Bitcoin, it significantly sped up transaction times. Transaction processing times for Litecoin are roughly four times faster than those for Bitcoin. In terms of price, cryptocurrency enthusiasts frequently refer to Litecoin as the silver to Bitcoin’s gold. However, LTC has always been much cheaper than Bitcoin, and some investors have chosen it… Source link

Ethereum revolutionised the crypto landscape when it was launched in 2015. Ethereum became the second-biggest crypto by operating as a software platform that runs on a blockchain. Lots of developers use the Ethereum network to build and power new apps, tools, and NFTs. Users can interact with the platform using Ether, the network’s native token — or buy and hold it as a store of value. Developers commonly use Ethereum to create their products, but some invest in it for its potential to… Source link

At a time of bear market-induced uncertainty, crypto investors often tend to stick with Bitcoin (BTC) and Ethereum (ETH) to evade impermanent losses. As a result, the significant movement of such assets intrigues the community as they try and decipher the intent behind the move. Two addresses that have remained dormant for over four years recently came back to life to transfer 22,982 ETH to new addresses — leaving investors scratching their heads. The ETH tokens in question originated from… Source link

Large amounts of Ethereum are on the move as previously inactive whale accounts wake from a five-year slumber. On Dec 19, on-chain analysis Twitter feed ‘Lookonchain’ reported that two dormant Ethereum addresses have started to show activity. The addresses have not been active for five years but woke up on Dec. 18. Two transfers totaling 22,983 ETH were sent out from the whale addresses. At current prices, the value of the transfers was more than $27 million. Other analysts reported… Source link

Litecoin price started a fresh decline from the $80 resistance against the US Dollar. LTC is struggling and remains at a risk of more losses towards the $55 support. Litecoin started a fresh decline from the $85 resistance against the US Dollar. The price is now trading below $70 and the 100 simple moving average (4-hours). There was a break below a key contracting triangle with support near $75.00 on the 4-hours chart of the LTC/USD pair (data feed from Kraken). The price could continue… Source link

Ethereum started a fresh decline from the $1,320 resistance against the US Dollar. ETH is struggling and remains at a risk of a move below $1,150. Ethereum started another decline and traded below the $1,200 support. The price is now trading below $1,200 and the 100 hourly simple moving average. There is a key contracting triangle forming with resistance near $1,190 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down unless the price climbs above the… Source link

Bitcoin price declined heavily and traded below $17,000. BTC is consolidating losses and remains at a risk of more losses below the $16,500 support. Bitcoin started a fresh decline below the $17,200 and $17,000 support levels. The price is trading below $17,000 and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $16,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could continue to move lower unless it clears… Source link

The collapse of FTX, once a $32 billion crypto exchange, has shattered investor confidence in cryptocurrencies. Market players are trying to gauge the extent of damage it has caused — and how it will reshape the industry in the years to come. Sam Bankman-Fried, FTX’s former boss who stepped down on Nov. 11, was arrested in the Bahamas last week. He has been charged by the U.S. government with wire fraud, securities fraud and money laundering. related investing news FTX connected buyers and… Source link

Bitcoin and Ether traded little changed on Monday morning in Asia after a slump over the weekend following a week of worries about a global recession and the stability of cryptocurrency exchanges. However, the BNB token of the Binance exchange regained some lost ground, while others on the non-stablecoin top 10 list by market capitalization were mixed to little changed. See related article: Binance’s proof-of-reserves auditor suspends work for crypto firms Fast facts Bitcoin lost 0.15% to… Source link

During the Asian session on December 19, Bitcoin is trading at $16,700, as investors appear to be waiting for a solid fundamental reason to drive price action. Similarly, Ethereum is trading in a choppy range of $1,150 to $1,200. A break out of this range will help us determine future market price movements. Major cryptocurrencies were trading in the red early on December 19, despite the fact that the global crypto market cap grew… Source link