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ANI | Updated: Jul 11, 2022 17:31 IST New Delhi [India], July 11 (ANI/ATK): This week’s steep sell-off highlighted the risks of digital currencies, which are still experimental and unregulated. As a result of the lack of real-world applications and unpredictability, investors are now looking for alternative options to recover their losses. Fortunately, some cryptocurrencies are… Source link

Place/Date: – July 11th, 2022 at 11:31 am UTC · 3 min read Source: Xchange Monster Cryptocurrency has become an undeniably popular topic across social media platforms and everyone seems to be buying crypto tokens. This crypto winter could present the opportunity for you to do the same. But choosing the right tokens can be a challenge and requires performing extensive market analysis. The SAND, XMR and MXCH tokens are pushing innovation forward in the cryptosphere and you do not… Source link

Recently, data shared by Glassnode, a Blockchain data company, has revealed that a total of 13 million ETH, or 10.9 per cent of the total supply, has been put in the 2.0 contract. Lido controlled 4.13 million ETH of this or more than 31.8 per cent of the entire investment, and Coinbase, Kraken, and Binance held nearly 3.5 million ETH together, or about 27 per cent of the total position, according to various media reports. What Is Ethereum? At its heart, Ethereum is a… Source link

Analysts, however, retain confidence in the multiple’s predictive powers. “Mining is still the backbone of the network, whether the portion [of miner flows] is small or not. This is why the metric gets higher importance in our opinion, irrespective of narratives. The metric is not invalidated yet,” cryptocurrency intelligence firm Jarvis Labs told CoinDesk. Source link

Arman Shirinyan Ethereum’s downtrend is far from being over as more exchanges offer high interest rate to those who are willing to short FTX centralized exchange could be one of the biggest sources of selling pressure on Ethereum and other cryptocurrencies by funding traders who are willing to provide their coins in exchange for a high APY. Such a strategy creates massive pressure on an asset that is already struggling to maintain above local support levels. Essentially, FTX is… Source link

In its new report titled “State of Ethereum Report — Q2, 2022,”  Bankless reviewed the performance of the Ethereum Network and its ecosystem in the second quarter of 2022. It touched upon the network’s performance under four broad categories – Protocol, Decentralized Finance (DeFi), Non-Fungible Tokens (NFTs), and Layer 2. Ahead of the Ethereum 2.0 Merge, here is a look at the salient developments within the Ethereum Ecosystem over the previous quarter.  Here’s… Source link

Shark Tank star Kevin O’Leary, aka Mr. Wonderful, has warned of an impending “big panic event” in the crypto space. “I don’t believe we’ve seen the bottom yet and I have a different view of it,” he said. Kevin O’Leary Warns of a ‘Big Panic Event’ in Crypto Shark Tank star Kevin O’Leary shared his crypto outlook in an interview on Youtube channel Meet Kevin last week. He was asked how far the price of bitcoin could fall and whether BTC could drop to $13K as some… Source link

The Ethereum (ETH) network moved one step closer to completing its transition to proof-of-stake (PoS) this week after the successful completion of its second-to-last major Merge trial on the Sepolia public test network. Data from Cointelegraph Markets Pro and TradingView shows that following the Sepolia Merge on July 6, the price of Ether rallied to a high near $1,280 on July 8 but has since trended down to hit a daily low of 1,153 on July 10. ETH/USDT 1-day chart. Source: TradingView With… Source link

Chelsea Manning grew interested in Bitcoin when the project was still in its infancy but not because of users’ disruptive ambitions or any purported payment networks. The American activist and whistleblower, who sent classified information to Wikileaks in 2010 regarding the Afghanistan and Iraq wars, said Bitcoin appealed to her passion for cryptography and the mathematics behind securing information. She’d read about it in email chains, keeping a curious eye on its growth. “This is a… Source link

Bitcoin (BTC) experienced one of its most brutal crashes ever in 2022, with the BTC price plummeting below $20,000 in June after peaking at $68,000 in 2021. June 2022 has become the worst month for Bitcoin since September 2011, as its monthly losses mounted to 40%. The cryptocurrency also posted its heaviest quarterly losses in 11 years. However, the current market sell-off doesn’t make Bitcoin crashes and bear markets exclusive to 2022. In fact, Bitcoin has survived its fair share of crypto… Source link