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Text size Dreamstime Investors are punishing Bitcoin mining stocks as prices for the… Source link

Crypto platform Polygon is buying startup firm Predicate Labs, the developer of the Mir blockchain protocol, in a deal valued at about $500 million as part of a broader strategy to help expand Ethereum’s capacity and pave the way for broader adoption. While the Ethereum blockchain is one of the most-used in the world, challenges related to its capacity sometimes mean users pay high fees. Mir has a technology called zero-knowledge rollups that offloads data from Ethereum to reduce fees and… Source link

Analysts pointed to several factors to explain the upward trajectory, one of them being the Ethereum blockchain’s EIP-1559 upgrade implemented in August. That change has effectively reduced the net new supply of ether from the Ethereum blockchain, and it appeared to help ETH/BTC make gains in a risk-off environment. Source link

The explosive growth of Non Fungible Tokens (NFTs), which took off this year in large part because of the growing technology, is something that surprised the digital coin’s (ETH-USD) ex-core developer. An NFT is a certificate of authenticity that shows proof of ownership for anything digital. The tokens are being assigned to one of a kind digital art and now music. Aside from applications that are creating new revenue streams for the music, movie, sports, art and gaming industry, Lane… Source link

You probably understand how Bitcoin is bought and sold on a marketplace, but it’s more complicated when we talk about how digital coins are created. This is where Bitcoin mining comes in, the process by which new units of the currency are made, or “minted,” and introduced into the market. But how does the process work, and why is it so bad for the environment? Here’s everything you need to know. How Does Bitcoin Mining Work? Awesome Miner Unlike a centralized physical bank, Bitcoin… Source link

According to Bloomberg Intelligence, $100,000 Bitcoin (BTC) and $2,000 gold could greet 2022 as global markets face “deflationary forces.”  In a tweet on Dec. 9, Mick McGlone, a senior commodity strategist at Bloomberg’s research arm, forecast that next year would be good for both gold and BTC. “Positive ramifications” for Bitcoin thanks to deflation As inflation makes headlines worldwide this month, Bitcoin has faced criticism over its alleged role as a hedge thanks to its 39% drawdown… Source link

Cryptocurrencies tumbled lower at the end of last week, after being bearish for most of last month, and some of them suffered some heavy losses, such as Litecoin which lost around 60%, while Kadena coin lost more than 70%. There was some heavy profit-taking during that crash, but the decline has stopped this week and cryptocurrencies are trying to decide what to do next. KDA Daily Chart Analysis – Kadena Adding Staking The Kadena coin went through a major surge at the end of October, and… Source link

Hatewatch identified and compiled over 600 cryptocurrency addresses associated with white supremacists and other prominent far-right extremists for this essay and then probed their transaction histories through blockchain analysis software. What we found is striking: White supremacists such as Greg Johnson of Counter-Currents, race pseudoscience pundit Stefan Molyneux, Andrew “Weev” Auernheimer and Andrew Anglin of the Daily Stormer, and Don Black of the racist forum… Source link

This is the technical analysis for Ethereum, Litecoin, and Ripple’s XRP. We will be looking at previous day price action and today’s support, resistance, and pivot levels and, when in play, the Fibonacci’s. Ethereum Ethereum rose by 3.02% on Wednesday. Reversing a 1.01% loss from Tuesday, Ethereum ended the day at $4,441. After a mixed start to the day, Ethereum fell to a mid-day intraday low $4,227 before making a move. Finding support at the first major support level at $4,236, Ethereum… Source link

The amount of computing power dedicated to churning out new units of bitcoin has jumped close to an all-time high as cryptocurrency miners shift their operations to new countries following a clampdown in China. The bitcoin hash-rate, a measure of how difficult it is to create new coins, has risen to 172m terahashes per second, the highest since May, according to data from Blockchain.com. The increase suggests digital “miners” are dedicating more computing resources to crack… Source link