Ethereum

Founder of Ethereum Vitalik Buterin during TechCrunch Disrupt London 2015 John Phillips/Getty Images for TechCrunch Ethereum’s price rose roughly 40% to briefly touch $2,500 per coin on Monday. The jump in price came after a brutal sell-off last week for the second-largest cryptocurrency by market cap. Despite a recent drop in prices, new research shows ether miners made a record $1.93 billion in revenue in May. Sign up here for our daily newsletter, 10 Things Before the Opening… Source link

Founder of Ethereum Vitalik Buterin during TechCrunch Disrupt London 2015 John Phillips/Getty Images for TechCrunch Ethereum’s price rose roughly 40% to briefly touch $2,500 per coin on Monday. The jump in price came after a brutal sell-off last week for the second-largest cryptocurrency by market cap. Despite a recent drop in prices, new research shows ether miners made a record $1.93 billion in revenue in May. Sign up here for our daily newsletter, 10 Things Before the Opening… Source link

The next Ethereum network could reduce crypto’s energy consumption by 99%. Yuriko Nakao/Getty Images Renewable energy pioneer Elon Musk recently made a 180-degree turn on Bitcoin, announcing that Tesla would no longer accept the cryptocurrency as a payment method after realizing that Bitcoin mining and transaction consume too much electricity generated from fossil fuel. “Cryptocurrency is a good idea on many levels…but this cannot come at great cost to the environment,” the… Source link

Ether’s (ETH) futures premium has gone through a complete cycle, from April’s extreme euphoria to the present level, which is the most bearish in six months.  Believe it or not, in both situations, Ether’s price was roughly $2,100. This change shows how investors’ mood depends on a few weeks’ performances and holds no relation to longer timeframes. By analyzing the futures markets’ price difference versus regular spot exchanges, traders can better understand how the price move has impacted… Source link

Bitcoin and cryptocurrencies have crashed over last week, with an electrifying $1.3 trillion wiped from the combined crypto market price. The bitcoin price has lost almost 50% of its value since hitting its all-time high of nearly $65,000 per bitcoin in April. Meanwhile, ethereum is down by more than half after climbing to over $4,000 per ether token earlier this month. Now, a leaked report from Wall Street giant Goldman Sachs GS has given ethereum, the second-largest… Source link

To counter Elon Musk’s outsized influence on cryptos’ prices, new crypto called $STOPELON was created.(Reuters Photo) As Bitcoin along with other prominent cryptos such as Ethereum, Dogecoin, Cardano, Binance Coin, etc. dropped significantly during the last seven days, demonstrating the volatility they are plagued with, the total value of 7,459 cryptos (tracked) plummeted 33 per cent from nearly $2.25 trillion as of May 16 to $1.50 trillion at the time of filing report, as per data from… Source link

YICHANG, CHINA – MAY 19: Visual representations of digital cryptocurrencies Dogecoin, Ethereum coin and Bitcoin on May 19, 2021 in Yichang, Hubei Province of China. (Photo by Liu Junfeng/VCG via Getty Images) Crypto investors have been kept on their toes after China, Elon Musk and regulation fears sent a number of popular tokens deep into the red in recent days.  The volatility shaved billions off the wider crypto world’s value after deep correction hit the market. The global crypto market… Source link

BackyardProduction / iStock.com Cryptocurrencies have skyrocketed in popularity recently and this trend shows no signs of slowing. Given all the talk around these digital assets, you might be wondering whether now is the time to invest. But before pulling the trigger, it’s always a good idea to have an understanding of the underlying asset. Cryptocurrency is no exception and it is quite different than investing in stocks or bonds. Read: Dogecoin’s Major Price Increase: Is It a Worthwhile… Source link

The S&P 500 index is hovering right around an all-time high and the Dow Jones Industrial Average is up 12% for the year. Impressive returns, especially considering 2020’s strong performance. Unlike last year, this rally is being led by dividend and value stocks that are benefiting from high consumer demand and a recovering economy. Many of the tech companies that starred in last year’s recovery are down 20% — and some are down more than 50% from… Source link

Everybody’s talking about Ethereum. Here’s why. Ethereum has already surged about 330% this year. On Jan. 1, Ethereum was worth about $735, and as of this writing, it is worth roughly $3,130, according to data from CoinMarketCap. It hit a high of over $4,300 on May 12 but has fallen in recent days. Indeed, we’ve seen cryptocurrency price drops across the board this week. This was driven by Tesla CEO Elon Musk’s announcement that Tesla would stop taking Bitcoin payments because of environmental… Source link