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Bitcoin rose to a three-week high on Jan. 9, as prices surged beyond the $17,000 mark to start the week. The move comes days ahead of the upcoming U.S. inflation figures, and as traders continue to react to Friday’s nonfarm payrolls (NFP). Ethereum was also higher, rising to a multi-week high in the process. Bitcoin Bitcoin (BTC) moved above the $17,000 level to start the week, as markets shifted their focus to this week’s U.S. inflation report. Following a low of $16,928.18 on… Source link

This is an opinion editorial by Frank Nuessle, a publishing entrepreneur, former university professor and social system architect. In this essay, I argue that Bitcoin and the Lightning Network are, by themselves, not enough to successfully implement an American sound money system, and that following evolutionary economics, new social technologies and new social system designs need to be part of the equation. The primary purpose of money is to facilitate the exchange of value. Money is also… Source link

(ES Composite) London’s Aquis stock exchange is poised to welcome its first new member of 2023 tomorrow with the listing of crypto trading app Tap Global. Pending shareholder approval for a reverse takeover by decentralised finance investor Quetzal today, the firm, which is regulated in Gibraltar, is set to raise £3.1 million in capital valuing it at £30 million when it joins the exchange. Founded by 29-year-old former software developer Arsen Torosian and prepaid card business veteran… Source link

At a recent price of about $1,270, Ethereum (ETH 4.71%) is down nearly 75% from the all-time high of $4,891.70 it touched in November 2021. That stratospheric level now seems like a distant memory for Ethereum investors, who enter 2023 uncertain of what’s next for the second-largest crypto by market capitalization. Is a potential comeback in the making? Although the idea that it could nearly triple in value this year to $3,500 might sound outlandish, Ethereum was actually trading around… Source link

An address related to the $190-million Nomad exploit has moved $1.57 million in Ether (ETH) to the sanctioned crypto mixer Tornado Cash.  In an alert, blockchain security firm CertiK flagged that a wallet address affiliated with the Nomad hack has transferred 1,200 ETH into Tornado Cash, suggesting that the attackers may be cashing in the funds. The hacker transferred 12 batches of 100 ETH to the sanctioned mixer. Nomad hack address transferring funds to Tornado Cash. Source: Etherscan The… Source link

As the withdrawal date for unstaking Ethereum closes in, tokens powering various liquid staking protocols are enjoying a hefty rally. Lido Finance (LDO) and Rocket Pool (RPL), for example, have already posted significant gains over the past 24 hours, according to data from CoinGecko. LDO, the governance token powering Lido Finance, Ethereum’s largest liquid-staking protocol, gained over 17.2% in the last 24 hours and trades at around $1.88. Intense trading for the liquid-staking derivative… Source link

Monday saw a break-out for bitcoin. Photo: PA/Alamy Bitcoin (BTC-USD) has languished in the $16,000 (£13,415) trading range for almost three weeks, but Monday saw a break-out for the world’s biggest cryptocurrency, which spiked to $17,200 (£14,140). The entire cryptocurrency market capitalisation increased by 3% in the past 24 hours, according to Coingecko. Check: Crypto live prices Of the top 10 blue-chip cryptocurrencies, Cardano (ADA-USD) performed strongest and saw a hike of almost 17% in… Source link

Crypto insights firm Santiment says that one Ethereum-based altcoin just experienced its largest surge in whale activity in almost a year and a half. According to Santiment, interoperability blockchain Quant (QNT) had 187 six-figure transactions on January 7th, the most since September of 2021. “After its modest +10% price spike after its last whale activity spike on Dec. 30th, Quant has now shown a much larger amount of whale transactions on its network today. There are 187 QNT… Source link

BTC/USDT 1-Hour Analysis Chart (Source: TradingView) Looking at the hourly chart of the first-ever cryptocurrency to become used in real life, Bitcoin has been fluctuating between $16,622 and $17,248 within the past 7 days, according to CoinMarketCap. Since Bitcoin has been trading above the 200-moving average, it is generally thought that the cryptocurrency is now moving in bullish momentum. While BTC is currently inside an overbought region and has an RSI value of 72.39, we can anticipate… Source link

While Bitcoin (BTC) ATMs were an afterthought to Satoshi Nakamoto’s vision of sound money, they are now considered one of the main pillars of Bitcoin’s mainstream adoption. However, the global Bitcoin ATM network, which used to add thousands of machines each month in 2021, recorded a net addition of just 94 Bitcoin ATMs over the past six months since July 2022. A year-long bear market in 2022 — accompanied by geopolitical tensions and global inflation — hindered various initiatives… Source link