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Cryptocurrencies might still be a very long way from their highs of 2021, but some of the major ones have staged some decent recoveries in the past couple of months. Notably ether (ETH), the second largest cryptocurrency after bitcoin, is trading at almost US$1,700 (£1,463) at the time of writing, having dropped as low as US$876 in mid-June. Ether, which was created by Canadian/Russian programmer Vitalik Buterin, is the cryptocurrency used for transactions on Ethereum, the leading… Source link

The listing of ETHPOW (ETHW) across multiple crypto exchanges has been followed by a huge drop in price despite some initial success.  ETHPOW drops 80%  On the daily chart, ETHW’s price dropped by more than 80% to $25 on Sept. 10, over a month after its market debut. ETHW/USD daily price chart. Source: TradingView For starters, ETHPOW only exists as a futures ticker, for now, conceived in anticipation that an upcoming network update on Ethereum could result in a chain split. Ethereum will… Source link

Text size Bitcoin relies on an energy-intensive mechanism known as “proof-of-work.” Dreamstime The White… Source link

Text size Bitcoin relies on an energy-intensive mechanism known as “proof-of-work.” Dreamstime The White… Source link

Among the sufferers of the bloodbath in the current crypto bear market are the Litecoin (LTC) community. It’s not just Litecoin (LTC) holders though, as most top buyers are down over 80% this year. With massive inflation, investors have been risk-off and saving themselves for bigger opportunities.  The Hideaways (HDWY) looks to have saved investors in 2022 and is now one of the most anticipated cryptocurrencies to launch in 2022. Whilst Litecoin (LTC) holders are selling to cut losses,… Source link

Bitcoin rose by over $2,000 in the last 24 hours, as markets responded to bullish comments from United States Federal Reserve Chair Jerome Powell. Speaking yesterday, Powell stated, “We need to act now, forthrightly, strongly as we have been doing.” Ethereum also surged, moving above $1,700 on Friday. Bitcoin Bitcoin (BTC) rose rapidly during today’s session, as markets responded to bullish comments from Jerome Powell. Speaking on Thursday, the Fed Chair hinted at further rate… Source link

Text size Crypto faces headwinds even after a recent rally. Dusan Zidar/Dreamstime Source link

Ethereum, the blockchain that underpins the world’s second-largest crypto token ether, will soon undergo a major software upgrade that promises to slash the amount of energy needed to create new coins and carry out transactions. Here’s what you need to know about the “Merge,” as the shift is known: ‘Proof of stake’ The Ethereum blockchain is due to merge with a separate blockchain, radically changing the way it processes transactions and how new ether tokens are created. The new system,… Source link

Text size Ethereum’s “Merge” is a hotly anticipated and long-awaited upgrade. Dreamstime Crypto markets… Source link

The general crypto market has seen some positive price rally in 24 hours. Many of the coins are trading in greens, including Ethereum with its 7.86% gains and Bitcoin with a 2.89% surge.  Other altcoins such as PancakeSwap CAKE, SHIB, Ethereum Classic ETC, and Tether USDT are also in the greens. For instance, CAKE gained 3.6%, SHIB soared by 1.56%, while ETC recorded a good 8.38 price growth.  Related Reading: Central Bank Chairs Push Bitcoin Price To The… Source link