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Despite Bitcoin’s (BTC) promise of a peer-to-peer world, building a Bitcoin-first business in 2022 still requires third-party intermediaries. Whether it’s startup capital, using fiat money or simply exploiting fiat payment rails, Bitcoin business means interaction with the legacy financial system. For the vast majority of Bitcoin-based businesses, this means that they probably need a bank. Cointelegraph spoke to Bitcoin-only businesses about their experiences working with banks, given that… Source link

On 15 September, the ethereum blockchain is planning to switch off its mining rigs. If it happens, it should reduce the carbon emissions of the entire ethereum ecosystem by orders of magnitude overnight, leaving bitcoin as the only major cryptocurrency to be built on the destructive proof-of-work concept. But the switchover could also throw some of the largest institutions in the sector into chaos, and seems likely to evolve into a cold war between the new version of ethereum and the diehard… Source link

Litecoin and Bitcoin are both global payment systems where users send and receive funds locally and internationally. Litecoin is suitable for small transactions that can take 2.5 minutes to arrive on the other end, which means it is quicker than a bank transfer, especially for global payments. The best part is that the Litecoin network is decentralized, which means there will be no third party to facilitate the transactions. To get the benefits of this facility, a user should open a… Source link

Text size A speech from Federal Reserve Chairman Jerome Powell on Friday could deliver a significant catalyst to cryptocurrency markets. Dreamstime … Source link

Litecoin (LTC) could be heading the bearish route. According to CoinMarketCap, LTC has nosedived by 0.52% or trading at $56.50 as of press time. Litecoin going the bearish track LTC down by 0.52%, trading at $56.50 LTC engulfing candlestick shows increased selling pressure In the past few days, LTC is seen to be hovering close to its midpoint. Notably, Litecoin is down by 12.75 from its five-day high yet spiked by 7.26% compared to its five-day low that registered at $52.56. LTC price is… Source link

Bitcoin (BTC) lost a key bear market trendline last week as it shed almost 12%, but other chart data offers a silver lining for bulls. As noted by popular Twitter user Dave the wave on Aug. 24, long-term moving averages (MAs) are about to repeat classic bullish behavior. Analyst: Bulls could be about to “do well” BTC/USD disappointed over the weekend as it put in lows not seen since the end of July. Since then, $21,000 has offered only weak support, and fears abound that new lows are… Source link

On the daily price chart, the Litecoin price is attempting to climb back above the falling wedge pattern. Cryptocurrency LTC is currently trading below the 20, 50, 100, and 200-day Daily Moving Averages. The pair of LTC/BTC is at 0.002638 BTC with an intraday drop of 1.13%. Over the daily price chart, the price of Litecoin has been decreasing into a wedge-shaped pattern. Bulls on LTC tried to hold their position at the top trendline of the chart to get out of the falling pattern. With slowly… Source link

Bitcoin (BTC) experienced a 16.5% correction between Aug. 15 and Aug. 19 as it tested the $20,800 support. While the drop is startling, in reality, a $4,050 price difference is relatively insignificant, especially when one accounts for Bitcoin’s 72% annualized volatility. Currently, the S&P 500’s volatility stands at 31%, which is significantly lower, yet the index traded down 9.1% between June 8 and June 13. So, comparatively speaking, the index of major U.S.-listed companies faced a more… Source link

Litecoin (LTC) has continued to range in a channel against Tether (USDT) as it attempts to break out of this trend. The price of Litecoin LTC has shown little to no major movement despite the change in trend across the market in recent weeks as many altcoins rallied and produced gains of double digits. (Data from Binance) Litecoin (LTC) Price Analysis On The Weekly Chart Weekly LTC Price Chart | Source: LTCUSDT On Tradingview.com From the chart, the price of LTC saw a weekly low of $45,… Source link

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