Ethereum

Bitcoin and cryptocurrency prices have exploded this year, helped higher by the Federal Reserve pumping trillions of dollars into the system in order to bolster an economy ravaged by the coronavirus pandemic. The bitcoin price has soared to around $60,000 per bitcoin, up from just under $10,000 this time last year. Meanwhile, rival cryptocurrency prices, including ethereum and a range of smaller competitors, have also leaped higher (while “joke” memecoins have also surged). Now, as… Source link

Ethereum, the second-largest cryptocurrency after bitcoin, has soared over recent months. The ethereum price, after beginning the year at under $1,000 per ether token, has smashed through $4,000—climbing alongside bitcoin and most other major cryptocurrencies. Now, an expert panel has predicted ethereum is set to soar to almost $20,000 by 2025, an increase of 400% from its current price, with “major upgrades” to the ethereum network potentially pushing it higher. MORE FROM FORBES

Topline Though the price of bitcoin has fallen over the past week, the cryptocurrency market is still soaring to new highs as investors plow into a booming crop of altcoins, or bitcoin alternatives, minting massive gains and echoing the crypto mania that led to a massive 80% market correction less than four years ago. Bitcoin’s down 1% over the past week, but a slew of other top tokens are up as much as 41%. Getty Images Key Facts The cryptocurrency market hit a… Source link

Bloomberg With $2,300 Phone Calls, Purdue Runs Up Huge Bankruptcy Tab (Bloomberg) — One phone call with the Department of Justice: $2,300. Two days at the Ritz-Carlton: $830. Oh, and a lengthy cab ride to and from the court in White Plains, New York — that’ll be $1,000.Those are just some of the almost $400 million of fees and expenses racked up by professionals working the bankruptcy of Stamford, Connecticut-based Purdue Pharma LP. The bills add up to more than half the amount that all… Source link

Follow us @crypto for our full coverage. Parabolic jumps in digital tokens such as Ether, Dogecoin and Binance Coin are outshining Bitcoin, prompting more questions about whether that segment of the cryptocurrency sector is ripe for a reckoning. The rallies have contributed to a slump in Bitcoin’s share of the $2.6 trillion crypto market to 43% from about 70% at the start of 2021, a metric that for strategists at JPMorgan Chase & Co. and DataTrek Research LLC may be a warning sign of… Source link

Cryptocurrency has captured the attention of more investors this year. Getty Images On May 5,… Source link

Hello everyone! Welcome to this weekly roundup of Investing stories from deputy editor Joe Ciolli. Please subscribe here to get this newsletter in your inbox every week. … Source link

1. What is ethereum, and how does it work? Ethereum, a blockchain proposed in 2013 by Vitalik Buterin, is an open-source platform for decentralized applications. On this platform, software developers write smart contracts that control digital value through a set of criteria and are accessible anywhere in the world. Ethereum allows you to move money directly, bypassing traditional financial services companies. Ether, on the other hand, is like money and can be used for… Source link

Ready to buy Ethereum? Here’s how to get started. As you venture into the world of cryptocurrencies, you’ll quickly come across Ethereum. It’s the world’s second-biggest cryptocurrency, and it’s faster and more adaptable than its big sibling Bitcoin. Ethereum is a programmable blockchain. Blockchains are like super–sophisticated databases that are difficult to tamper with — cryptocurrencies like Ethereum and Bitcoin both use blockchain technology.Ethereum is designed so developers can use it… Source link

Bitcoin vs. Ethereum Getty Images AsiaPac Bitcoin has long been the dominant cryptocurrency, but recently Ethereum’s native token, ether, has emerged as more than just a clear number two. In 2021, ether has made gains on bitcoin in terms of market cap, and investors are taking note. While the two cryptocurrencies are very different in terms of their architecture and use cases, both are top options for cryptocurrency investors long-term. With that in mind, Insider decided to reach out to… Source link