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In tandem with this consolidation, we’ll also see increasing specialization among the various EVMs to cater to specific kinds of applications. These are called application-specific EVMs, built to cater to categories of applications like DeFi, ReFi [regenerative finance] and infrastructure. Some of these applications will mature and migrate to their application-specific blockchains (appchains), like what thhe blockchain of blockchains, Cosmos, enables. Source link

Bitcoin was trading under $17,000 to start the week, as markets prepared for a big week of economic announcements. U.S. inflation figures will be released tomorrow, and are expected to fall to 7.3%. Many believe this will give way to the Federal Reserve pivoting from its aggressive rate hike policy. Ethereum was also lower, and is trading below $1,250 as of writing. Bitcoin Bitcoin (BTC) started the week in the red, as traders prepared for a big week of economic announcements from the… Source link

The global crypto market has continued to face chaos due to consistent turbulence. The performance of Bitcoin, Binance Coin, and others shows no improvement. As the market continues to face problems, there has been a fluctuation in the influx of capital. The collapse of big companies and their continuing curse has had impacts on the market. As the market continues to face problems, there is little chance of stability of individual coins.   The CEO of collapsed Terraform Labs, Do Kwon, has… Source link

Bitcoin price slid lower Monday after it lost ground over the weekend after the US Producer Price Index (PPI) numbers on Friday showed a slight tilt higher. However, the number was still lower than its last number, which was revised upwards, making the drop even bigger. Nonetheless, traders disregarded this and stayed bearish as the new number came out slightly higher than the median expectations, putting pressure on cryptocurrencies overall. Ape Foundation opened… Source link

ANI | Updated: Dec 12, 2022 17:52 IST New Delhi [India], December 12 (ANI/ATK): Getting into the crypto business can be a daunting move because of the vast amounts of options available, but there have been a lot of exciting new developments. Cryptocurrency has recently become a merger of blockchain technology and other amazing innovations that are taking up space in the… Source link

Yuri Molchan While biggest whales keep acquiring LTC, this analyst issues bearish warning for Litecoin Contents Litecoin could drop to $62 or even $49, per Martinez Whales have accumulated biggest LTC supply since 2017 Analyst Ali Martinez turned his attention toward “digital silver” Litecoin, saying he sees a likely sell signal that may start soon on a LTC chart. Meanwhile, the largest whales on the network have added a staggering amount of Litecoin over the past month. Litecoin could… Source link

Ray Youssef, CEO and co-founder of Paxful, announced plans to remove Ethereum from the platform and said that the “revenue is nice but integrity trumps all.” The comment came in response to an assessment from Jeremy Garcia, the CEO of Bitcoin education site Satoshi’s Journal, who blasted Ethereum as “poorly designed” and uncompliant with the “1st principles” of cryptocurrency. Lithium Ventures chief product officer Tom Littler explained first principles as criteria used to… Source link

Litecoin price has formed a head and shoulders pattern. The US will publish the latest inflation data on Tuesday. The Fed will deliver its rate decision on Wednesday. Litecoin price formed a small doji pattern ahead of the upcoming US inflation data and central bank decisions. It dropped to a low of $73.50, the lowest level since November 29. It has crashed by more… Source link

The ongoing crypto winter is not stopping the industry from pushing for global adoption and accessibility. A new partnership between CoinCorner and Bitnob opens a way for users across continents to perform cross-border transactions involving multiple fiat currencies. Typically transfer of funds between Europe and Africa requires a third-party facilitator like Western Union, which rely on centralized entities. These transactions often have processing times of multiple parties prior to approval… Source link

Source: TradingView The ethereum price has fallen by 2% in the past 24 hours, dropping to $1,249 amid a similar fall for the cryptocurrency market as a whole. Its current price represents a 2.5% decline in a week and a 3.5% decrease in the last 30 days, as wider macroeconomic pressures and continued negative sentiment continue to squeeze prices downwards.  On the positive side, it’s arguable that the ongoing falls have only put ETH… Source link