Ethereum

Liliya Filakhtova Bit Digital (NASDAQ:BTBT) said Thursday it has begun ethereum (ETH-USD) staking operations as it expands beyond its core bitcoin mining operation. Shares of the company, which ended 8.3% higher on Thursday, climbed 9.6% after the bell. The cryptocurrency miner will stake its ETH holdings to an ethereum validator node to secure the blockchain. Stakers will be compensated with the native network token. Bit Digital (BTBT) expects to derive revenue from the ethereum… Source link

NEW YORK, Dec. 22, 2022 /PRNewswire/ — Bit Digital, Inc. (Nasdaq: BTBT) (“Bit Digital” or the “Company”), a digital asset mining company headquartered in New York, is pleased to announce that it has formally commenced Ethereum staking operations. Bit Digital intends to delegate, or stake, its ETH holdings to an Ethereum validator node to help secure and strengthen the blockchain network. Stakers are compensated for this commitment in the form of a reward of the native network token.

Unique addresses on the BNB Chain crossed 230 million, surpassing Ethereum and becoming the “largest layer 1 blockchain in the world,” according to a company statement. Meanwhile, the network also witnessed “record-breaking highs” in transactional volume — reaching 9.8 million transactions in May. Growth despite crypto winter BNB Chain reported that the blockchain has “made significant strides in onboarding the next billion users into Web3.” Director of Growth & Ops at BNB… Source link

A widely followed crypto analyst is looking ahead for Bitcoin (BTC), Ethereum (ETH) and one top altcoin as another year comes to a close. In the latest issue of his Cryptocademy newsletter, Justin Bennett first tells traders that the traditional stock index the S&P 500 (SPX500) will soon face a major test. “SPX is approaching a huge test at 3,910. That’s been the pivot for the index for months, and a resistance level that won’t fall easily.” Source: Justin… Source link

Cryptocurrency prices mostly consolidated on Thursday, ahead of upcoming GDP figures from the United States. Bitcoin remained close to the $17,000 level in today’s session, with the global market cap trading 0.01% lower as of writing. Ethereum was largely unchanged, as prices continued to trade above $1,200. Bitcoin Bitcoin (BTC) continued to consolidate ahead of this afternoon’s third quarter GDP data from the United States. This afternoon’s figures are expected to show growth… Source link

In an unexpected move, Elon Musk has introduced a new feature on Twitter that should please the broader crypto community, but disappoint Dogecoin fans. Twitter launched live charts for the two largest cryptocurrencies by market cap, Bitcoin and Ethereum, late Wednesday night (ET). Users of Twitter will see the charts with live data of the price of BTC and ETH when they use the search function and enter either the full name or the abbreviation (BTC or ETH). The new feature is an improvement… Source link

During the Asian session on December 22, Bitcoin price prediction remains bearish below $17,000, as the market appears to have low volatility and trading volume ahead of the Christmas holidays. Similarly, Ethereum has also remained mostly unchanged at $1,220. Ethereum (ETH) has been delisted from the peer-to-peer cryptocurrency exchange Paxful on the grounds that it is no different from any other fiat money. Paxful Delists… Source link

Ethereum (ETH) creator Vitalik Buterin is citing four significant reasons why the world needs cryptocurrency after the FTX collapse has emboldened its naysayers. In a new interview on the Bankless podcast, Buterin highlights four use cases illustrating the benefits crypto brings people throughout the world. Buterin says crypto is already a better way to make transactions when sending donations to various charities and investing in startup ventures. “I personally have used… Source link

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Bitcoin was briefly trading above $17,000 on Wednesday, as markets prepared for the release of the upcoming U.S. consumer confidence report. Today’s figure is expected to come in at a reading of 101.00 for December, which is higher than last month’s number of 100.2. Ethereum was also in the green, as it neared a key resistance level. Bitcoin Bitcoin (BTC) rose briefly above the $17,000 level on Wednesday, as markets began to anticipate the release of the upcoming U.S. consumer… Source link