The growing scrutiny against privacy tokens led to Huobi Global’s decision to delist 7 privacy tokens, including Monero (XMR) and Firo (FIRO), this coming September 19. The recent event led investors to ask an important question: is it safe to buy privacy tokens Monero (XMR) and Firo (FIRO) amid the recent hit? Analysts advise investors to look at The Hideaways (HDWY) instead. This new token can change how the market looks at real estate investing. Monero (XMR) Keeps Decline in Control… Source link
Read More »Bitcoin still dominates total payments on BitPay despite the bear market
The cryptocurrency bear market has had an impact on how people pay with crypto, but Bitcoin (BTC) remains a major payment tool despite huge volatility, according to data from BitPay. The share of Bitcoin payments in the total BitPay transactions has been shrinking amid the ongoing cryptocurrency winter, but it’s still the most popular cryptocurrency for payments on the platform. The sales volumes of Bitcoin-based payments on BitPay accounted for as much as 87% last year and dropped to 52% in… Source link
Read More »Bitcoin analysts give three reasons why BTC price below $20K may be a ‘bear trap’
Bitcoin (BTC) recovered above the $19,000 mark on Sep. 20, a day after falling to its lowest level in three months. Bitcoin struggles after dropping below $20K On the daily chart, the BTC price rose from $18,255 to $19,650. This 7.5% price rebound mirrored similar rebound moves witnessed in the stock market, suggesting that investors have been coming to terms with another significant rate hike by the Federal Reserve expected on Sep. 20-21. BTC/USD daily price chart versus ACWI and Nasdaq…. Source link
Read More »Bullish momentum retrieves LTC price back to $51.99
Litecoin price analysis shows rising signs as the market shows massive upside risks. The market for LTC price was worse from yesterday’s open as the price dipped to lows of $50.47. The bulls have, however, managed to make a quick recovery and push the prices back up to highs of $51.99. The market is currently correcting lower after being rejected at $53.13. Today’s bulls have been very strong, and a lot of buying pressure has been seen in the market. The LTC/USD pair is likely to… Source link
Read More »Ethereum drops 20% as SEC declares control over network
Gary Gensler chairman of the US SEC. The SEC says that since the majority of Ethereum transactions are validated in the US, it should be regulated in the US. Photo: Reuters/Evelyn Hockstein Ethereum has plummeted by over 20% despite last week’s successful transition to proof of stake as the shadow of a major US regulator body falls over its rising ambitions. The world’s second-largest blockchain was declared as coming under the jurisdiction of US government and Security Exchange Commission,… Source link
Read More »Ether (ETH) drops 15% since Ethereum merge as traders take profits
Ethereum underwent a huge network upgrade called the merge which proponents say will make transactions much more energy efficient. Following the merge, ether prices have dropped following a huge run up ahead of the event. Jakub Porzycki | Nurphoto | Getty Images Ether has fallen more than bitcoin since the cryptocurrency’s underlying technology, the Ethereum network, underwent a huge upgrade called the merge. Ethereum is a blockchain technology that effectively allows developers to build apps… Source link
Read More »Ethereum co-founder Vitalik Buterin shares vision for layer-3 protocols
While Ethereum-based layer-2 solutions have been focused on hyperscaling the network, Ethereum co-founder Vitalik Buterin believes layer 3s will serve a far different purpose — providing “customized functionality.” Buterin shared his thoughts in a Saturday post, providing three “visions” of what layer 3s will be used for in the future. The Ethereum co-founder said a third layer on the blockchain makes sense only if it provides a different function to layer 2s, which have been… Source link
Read More »‘Massive Dumping’ by Ethereum Miners Punishes ETH
Shift to Proof of Stake Roils ETH Market But Perhaps Only for the Short Term Ever since The Merge took place on Sept. 15 investors have looked on in dismay as Ether lost a fifth of its value over the next four days. What was going on? Many traders expected some profittaking and sell-the-news market action, but the historic upgrade was supposed to usher in a vibrant new era for Ethereum, not a spasm of bearish selling. Now, one of the causes for the selloff may be emerging — Ethereum miners… Source link
Read More »Litecoin (LTC) Down 0.01% Monday: What’s Next?
Litecoin (LTC) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Monday, the Digital Money has declined 1.42% to $52.66. InvestorsObserver is giving Litecoin a 27 Volatility Rank. Find out what this means to you and get the rest of the rankings on Litecoin! Moderately Volatile InvestorsObserver gives Litecoin a moderate volatility rank of 27, placing it in the bottom 27% of cryptos… Source link
Read More »Did the Ethereum Merge Drop ‘Worldwide Electricity Consumption’ by 0.2%? – CoinDesk
Many miners paid upfront for these specially designed computer chips, and thus have an economic incentive to keep them plugged in so long as they’re profitable. That said, it’s unlikely the recent price appreciation in ETC, RVN and ETHW, coextensive with their networks’ increased hash power, is stable in the long term without meaningful user activity and development of those chains. Source link
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