Ethereum

NVIDIA (NASDAQ:NVDA) recently announced a trendy new product: a cryptocurrency mining processor (CMP). These chips are specifically designed for mining Ethereum (CRYPTO:ETH), and the first shipments are expected to launch later this month. This move has several big implications for NVIDIA’s business. Here’s what investors should know. What does it mean to mine Ethereum? Every time someone sends or receives an Ethereum token, a transaction occurs. And… Source link

Network congestion and high transaction costs on the Ethereum (ETH) network have been a persistent issue for investors and developers for the past year and this has shone a spotlight on blockchain projects that offer a solution to these issues.  One class of tokens that has received a boost in both trading volume and price over the past two months are gas tokens that help power transactions on their respective blockchain networks. VTHO/USDT vs. GAS/USD vs. ONG/USDT 4-hour chart. Source: Source link

Key Takeaways Bitcoin holds above a crucial support level that may allow it to rebound to new all-time highs. Likewise, Ethereum sits on top of a massive demand barrier that may absorb any downward pressure.  If investor demand continues to rise, BTC could aim for $63,000 and ETH could aim for $2,500.  Share this article Bitcoin and Ethereum began this week’s trading session on a negative note as each coin’s price dropped by more than 11%. Despite the losses incurred, the… Source link

As I write this, Ethereum (CCC:ETH-USD) has a market capitalization of $201 billion. The total supply of Bitcoin (CCC:BTC-USD) now is valued at just over $1 trillion. Source: Shutterstock The relative size of the two cryptocurrencies’ market caps “feels” correct. It seems almost self-evident that Bitcoin should be the more valuable of the two. Bitcoin is the most well-known, the most widely adopted and the most owned of all the cryptos. It gets the most attention. But I’m… Source link

Ethereum, the second-largest cryptocurrency after bitcoin, has soared over the last year, climbing alongside the surging bitcoin price. The bitcoin price has eclipsed its late-2017 highs of around $20,000 per bitcoin, roaring to almost $60,000 in recent weeks, while the price of ethereum’s ether token has also forged into fresh territory—up 30% from its early 2018 peak. Now, a proposed upgrade to the ethereum blockchain that will destroy (or “burn”) ether tokens could mean ethereum… Source link

Just three years ago, Ethereum’s (CCC:ETH-USD) first NFT craze hit the market. Collectible online cats – known as CryptoKitties – were adorable and personalizable. But unfortunately for early investors, the digital equivalent of beanie babies performed precisely like their real-world counterparts. It wasn’t long after the most expensive kitty sold for $170,000 that prices collapsed. The infinitely multiplying number of cats, paired with limited consumer appeal, meant… Source link

The crypto bull market remains in full throttle. This has been good news for Nvidia (NVDA). The chip giant sells the GPUs used as crypto mining rigs, providing the company with another stream of revenue. RBC’s Mitch Steves estimates that between January 31 and March 7, the company generated between $225 and $275 million in revenue from the sale of GPUs for the purpose of mining Ethereum – the second largest cryptocurrency by market cap. There are two ways for miners to earn their money;… Source link

There are a number of risks associated with holding and investing in cryptocurrencies. In the latest CoinDesk Research report, we look at seven different risks, from the regulatory to the technological, that affect bitcoin and ether, and whether you’d want to hold these assets for the long term.  Here is a brief overview of three of those risks, identified in the report “Bitcoin + Ether: An Investor’s Perspective.” 1. Regulatory Twelve years after the creation of the world’s first… Source link

To date, Ether (ETH) price has gained 85% in 2021, and options traders are still highly optimistic about the altcoin’s short-term performance. The upcoming March 26 expiry holds over 96,000 ($172 million) call option contracts open interest between $2,240 and $3,520. Does a 25% or higher gain correctly reflect the current market sentiment, or are these traders simply over-optimistic about Ether’s odds? Ether price in USD. Source: TradingView Even though the effective price for the right to… Source link

In the traditional business world, corporate mergers often create behemoths that come to dominate markets and, on occasion, drive political leaders to break them up again.  This is the story of a merger in the making, but in the decentralized world of blockchain-based projects it might help to set aside all prior assumptions about what a “merger” means.  Two encryption projects, Keep and NuCypher, both running on the Ethereum blockchain, have begun discussing what they are calling a… Source link