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Ethereum Ethereum rose by 1.82% on Sunday. Following on from a 0.13% gain on Saturday, Ethereum ended the week down by 1.41% to $352.48. A mixed start to the day saw Ethereum fall to an early morning intraday low $344.08 before making a move. Steering clear of the first major support level at $342.86, Ethereum rose to a late intraday high $354.35. Ethereum broke through the first major resistance level at $350.35 to wrap up the day at $352 levels. The second major resistance level at $354.52 had… Source link

David Burkett announced Litecoin’s MimbleWimble launch on a testnet. LTC/USD stays locked inside the symmetrical triangle. Litecoin’s MimbleWimble went live on testnet during the weekend, according to the information published on the project’s official website.  David Burkett, the creator of the privacy-focused cryptocurrency Grin, has been working on the Litecoin’s MimbleWimble project since October 2019, when the Litecoin Foundation published two Litecoin… Source link

2020 has been the year of stablecoins, as the token supply has doubled in the last three months. The aggregate market capitalization of 28 stablecoins captures over $20 billion on October 4, 2020. While tether still dominates the stablecoin ranks, USDC has been moving closer toward the top ten crypto coins. USDC is also the only stablecoin with market capitalization greater than $1 billion other than tether. This year quite a bit of money has flown into the stablecoin economy and just… Source link

Bitcoin (BTC) price has been stuck in a range for weeks now but traders generally expect a slow fourth quarter for the top-ranked digital asset. Bitcoin quarterly returns (%). Source: Skew.com In 2018 and 2019 Q4 closed net negative, injecting a bit of bearish sentiment into the market. In the near term, a boring Q4 of further downside from Bitcoin price could cause altcoin prices to dump further. At the moment, multiple technical analysts are closely watching the bounce in the Bitcoin… Source link

Bitcoin has had a strong start to the decade, adding over 40% to its price so far this year—and taking its market capitalization to around $200 billion. The bitcoin price, which began the year at around $7,000 per bitcoin token, has been on a roller coaster through 2020, crashing to under $4,000 in March before rebounding to well over $10,000. With a raft of established investors turning to bitcoin this year as a potential hedge against the inflation they see coming as a result of Source link

A recent report says total Dapps transaction volumes reached $125 Billion in Q3 2020, a figure which is $113 billion higher than in Q2 2020. From these volumes, the Ethereum blockchain accounts for 96% or $119.5 billion of the total created value with the majority of this being attributed to the DeFi ecosystem. Still, the report observes that the EOS and Tron blockchain, where gambling and high-risk category account for 60% of activity, are the only competing chains to offer Ethereum a… Source link

According to the Kucoin exchange CEO Johnny Lyu, the trading platform has recovered $204 million in crypto assets since October 1. The exchange executive says the hacking suspects have been “found” and the “police are officially involved” in order to take action. On September 25, 2020, the crypto community found out that the Kucoin exchange was hacked for a great number of assets. Estimates say 1,008 BTC was stolen, along with 14,713 BSV, 26,733 LTC, 9,588,383 XLM, Omni and EOS based… Source link

The Hourly View for LTC Last Updated October 5, 2020, 11:15 GMT At the moment, LTC’s price is down $-0.03 (-0.06%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved up. 1 The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. Litecoin Daily… Source link

Over a half a million dollars worth of bitcoin from a May 2010 coinbase reward was transferred to Bitfinex on October 1. A parser recorded the old coins being spent and since mid-February 2020, roughly 33 so-called ‘sleeping bitcoin addresses’ from ten years ago have been spent to-date. Interestingly, 20 out of the 33, 2010-issued rewards moved this year were spent the day before ‘Black Thursday.’ Earlier this week, the software program, Btcparser, recorded an old coinbase reward… Source link

A growing number of Egyptians are reportedly turning to bitcoin amid rising unemployment and the economic crisis. An Egyptian bitcoin community is seeing a huge spike in the number of members interested in bitcoin mining and trading. Egyptians Increasingly Attracted to Bitcoin Many Egyptians are drawn to bitcoin amid the coronavirus pandemic, economic crisis, and resulting unemployment, Al-Monitor news outlet reported last week. A bitcoin mining and trading expert, Muhammad Abd el-Baseer, is a… Source link