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© Reuters Litecoin Falls 11% In Rout Investing.com – was trading at $75.100 by 08:43 (12:43 GMT) on the Investing.com Index on Wednesday, down 10.81% on the day. It was the largest one-day percentage loss since May 9. The move downwards pushed Litecoin’s market cap down to $5.464B, or 0.40% of the total cryptocurrency market cap. At its highest, Litecoin’s market cap was $25.609B. Litecoin had traded in a range of $75.100 to $82.700 in the previous twenty-four hours. Over the past… Source link

The president of El Salvador, Nayib Bukele, presented on Tuesday the first images of Bitcoin City, which will be constructed near the Conchagua volcano on the Gulf of Fonseca in the south-east of the Central American country. The project, which was announced in November 2021, seeks to create a smart city fully based on the use of bitcoin as a cryptocurrency. Bukele shared on Twitter illustrations and scale models of the metropolis, but he did not clarify when construction will begin. More… Source link

Litecoin suffered a major blow to its price action in the last five days courtesy of a massive FUD-induced sell-off. It dropped as low as $74 for the first time since December 2020, but the dip provided a nice discount for those looking to ride the recovery wave. If you are among those who purchased Litecoin near the low of 9 May, you might also be looking to cash out at a healthy level before additional downside. However, we will have to evaluate Litecoin’s price action in order to… Source link

Like the network itself, Hive tests are constantly evolving. Most recently, testing teams have added the ability for Hive tests to mock the new proof-of-stake Ethereum Consensus Layer (CL) behavior. This new integration will allow it to run a simulator for the transition from PoW to PoS and see how both the CL and EL will behave. Source link

Text size Bitcoin prices have suffered a rout over the past week alongside other cryptocurrencies. Dreamstime … Source link

Ethereum TVL fell steeply in the second week of May due to decreased investor interest in decentralized finance and the entire crypto finance market. Ethereum has dominated the decentralized finance (DeFi) space for a long time. According to Be[In]Crypto research, the blockchain that controls DeFi has lost 36% in total value locked (TVL) since the first day of the year. On that day, Ethereum had a TVL of approximately $146.77 billion, and this decreased to around $93.9 billion on May 10,… Source link

Marathon Digital Holdings CEO Fred Thiel reacts to Bitcoin plummeting on ‘The Claman Countdown.’ Bitcoin’s price stabilized at around the $31,000 level. The cryptocurrency traded down for six straight days heading into Wednesday. GET FOX BUSINESS ON THE GO BY CLICKING HERE Bitcoin is down more than 22% over that time. Bitcoin illustration (iStock) For the month, bitcoin is off more than 19% and down more than 33% year-to-date. Other cryptocurrencies are showing signs of stabilizing as… Source link

A popular crypto analyst is highlighting the reasons why he believes Solana (SOL) is still the top Ethereum (ETH) challenger. The anonymous host of InvestAnswers tells his 436,000 YouTube subscribers that his “Day One Thesis” was that SOL was his Ethereum hedge as he considers Solana the only potential “ETH killer.” He notes that SOL has less than 1/12th the market cap of ETH but “it’s doing a lot of stuff.” The analyst also outlines Solana’s potential advantages… Source link

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The Bitcoin 2022 conference brought over 25,000 attendees to Miami last month to discuss the future of the world’s largest cryptocurrency. The event, which attendees have described as “extravagant” and compared to a bacchanal, featured a now-notorious keynote speech by Peter Thiel in which the venture capitalist rallied Bitcoin supporters against a list of people whom he described as Bitcoin’s enemies, including Warren Buffet and Jamie Dimon. While Thiel’s speech grabbed a… Source link