Ethereum updates to know before taking profit this week

The crypto market has seen a shift in general sentiment since 9 August. This is being credited to the release of United States CPI news which will be panned out later on 10 August. There are expectations among analysts that inflation has already peaked in June with the cooling of gas prices and supply-chain issues. A survey from the New York Federal Reserve this week signaled a positive sentiment among consumers since June. According to CNBC, consumers expected inflation to… Source link

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Have Bitcoin and Ethereum Prices Bottomed Out? What Experts Say

Editorial Independence We want to help you make more informed decisions. Some links on this page — clearly marked — may take you to a partner website and may result in us earning a referral commission. For more information, see How We Make Money. After a turbulent year, bitcoin and ethereum prices are looking up. But some experts aren’t quite ready to say investors are in the clear from recent price swings. The two largest cryptocurrencies are still down more than 50% from their… Source link

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Citi Analyst on Key Consequences of Ethereum Merge – CoinDesk

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their… Source link

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Litecoin (LTC) Rises 4.59%, Outperforms the Crypto Market Wednesday

Litecoin (LTC) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Wednesday, the Digital Money has added 4.59% to $61.65. InvestorsObserver is giving Litecoin a 25 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 25, placing it in the bottom 25% of cryptos… Source link

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Unknown wallet transfers $3B worth of Bitcoin linked to old address

(Article updated at 10:30 PM Eastern Time to note new details that this might not be a new purchase) A mysterious investor supposedly spent over $3 billion to purchase nearly 133,000 Bitcoin on Aug. 10 and became one of the top three largest individual Bitcoin holders; however, community assessments of the wallet activity suggest that the investor could be an old player just moving funds. One Twitter user said they tracked the wallet address and argued that the mysterious investor is an… Source link

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Ethereum Spinoff Could Sputter without Stablecoins’ Backing

A pollution-spewing version of the Ethereum blockchain will live on after the main smart contract platform switches to an environmentally friendlier, far more scalable technology next month. Just don’t try to buy anything on it. Crucially, the two top stablecoin issuers, Tether and Circle, announced on Tuesday (Aug. 9) that their dollar-pegged tokens will only support the new proof-of-stake (PoS) Ethereum 2.0 blockchain that will emerge after the long-awaited “merge” happens on Sept…. Source link

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Bitcoin Just Surged to $24,000. Here’s Why

Alex Dovbnya Bitcoin experienced a bout of volatility due to lighter-than-expected inflation data. The price of Bitcoin (ETH), the leading cryptocurrency, surged to an intraday high of $24,010 on the Bitstamp exchange at 12:48 a.m. UTC. Ethereum (ETH) and other top altcoins also spiked sharply higher.  The most recent spike came after cooler-than-expected inflation data. The headline consumer price index (CPI) for the previous month increased by 8.5%, which is below analysts’… Source link

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Can Proprivex Outshine Cryptocurrencies like Litecoin in 2022 ? – Crypto News Flash

There are constantly new cryptocurrencies entering the market. While most of them end up disappearing as fast as they came, others are worth the attention. Proprivex (PPX) is a new cryptocurrency with promising features that are sure to turn heads in the crypto market. The token was developed to solve several problems that the blockchain is faced with. Just like Litecoin (LTC), Proprivex (PPX) intends to be a game changer. This article takes a look at the… Source link

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How Many Investors Are Suffering Mid-2022?

Bitcoin was trading at $35,000 early this year and experienced multiple crashes almost every month. BTC’s price slashed to half in June after it plummeted to $18,000 dragging the entire crypto markets down with it. Leading cryptos are down more than 65% from their all-time highs and shed all profits they generated last year. However, despite the markets tanking, a majority of investors seem to be unfazed by the crash. A recent survey published by Civic Science indicates that the majority… Source link

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The crypto crash is pushing bitcoin back to center stage

“Often, you just don’t know within four days what the real facts are,” he said. As written, the proposed SEC rules essentially require companies to “make very important decisions with very little information.” Meanwhile, another federal agency — which has its own set of cyber incident reporting regulations in the works, separate from the SEC’s — has been carrying itself much differently, according to Simonis and numerous others in the security community. The Cybersecurity and… Source link

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