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HANGZHOU, China, Feb. 25, 2021 (GLOBE NEWSWIRE) — Ebang International Holdings Inc. (Nasdaq: EBON, the “Company,” “we” or “our”), a blockchain technology company in the global market, today held a board meeting and passed a resolution (the “Resolution”) to launch a Litecoin and Dogecoin mining business (the “Business”). According to the Resolution, the Company plans to operate its Litecoin (“LTC”) and Dogecoin (“Doge”) mining business by adopting a combination of… Source link

HANGZHOU, China, Feb. 25, 2021 (GLOBE NEWSWIRE) — Ebang International Holdings Inc. (Nasdaq: EBON, the “Company,” “we” or “our”), a blockchain technology company in the global market, today held a board meeting and passed a resolution (the “Resolution”) to launch a Litecoin and Dogecoin mining business (the “Business”). According to the Resolution, the Company plans to operate its Litecoin (“LTC”) and Dogecoin (“Doge”) mining business by adopting a combination… Source link

Litecoin (LTC) has been decreasing since being rejected by the long-term $238 resistance area. Litecoin is expected to consolidate between local highs and lows before eventually breaking out.   Litecoin Long-Term Levels The weekly chart shows that LTC has been decreasing since reaching a high of $246.40 on Feb. 20.  The rejection occurred right at the 0.618 Fib retracement level measuring from the all-time high price.  Despite the rejection and subsequent drop,… Source link

What Happened: The largest crypto exchange in Southeast Asia, Philippines-based PDAX, experienced a technical failure that led to Bitcoin trading at $6,000 – an 88% discount to its current price. Following the incident, PDAX asked its customers to return their Bitcoins, threatening legal action, a local news outlet Bitpinas has reported. According to the exchange’s CEO, the system error was not due to a hack but a technical “glitch” caused by a massive surge in trading activity. Why It… Source link

Bitcoin has surged to never-before-seen highs over recent weeks, breaking through to levels that seemed unimaginable just a few months ago. The bitcoin price climbed to almost $60,000 per bitcoin earlier this month before falling back to trade at around $50,000 after Tesla TSLA chief executive Elon Musk warned it “seemed high.” As bitcoin’s mammoth bull run rolls on, some—including MicroStrategy MSTR CEO and major bitcoin-buyer Michael Saylor—have said they expect… Source link

Ethereum Ethereum rose by 3.01% on Wednesday. Partially reversing Tuesday’s 11.27% slide, Ethereum ended the day at $1,625.3. A mixed start to the day saw Ethereum slide to an early morning intraday low $1,500.28 before finding support. Steering clear of the first major support level at $1,362, Ethereum rallied to late morning intraday high $1,714.00. While falling short of the first major resistance level at $1,789, Ethereum broke back through the 23.6% FIB of $1,579. Through the 2nd half of… Source link

Last week I showed, see here, using the Elliott Wave Principle (EWP) and Technical Analysis (TA) that Ethereum (ETH) was most likely about to embark on a nasty correction to $1300s. It was trading at $1920s then, topped a few days later at around $2040 and dropped this week to as low as $1361… Thus, (black) major-4 -as shown in last week’s chart, is IMHO now underway and has already reached the ideal target zone as outlined last week ($1300+/-100). So is this wave-4 already complete, and… Source link

In an article featuring recent science research into the cryptocurrency market, Ross Pomeroy offers some researchers’ perspective on why Ethereum tends to be more stable than Bitcoin: Ethereum might be a better long-term investment than Bitcoin. The cryptocurrency Ethereum ranks second to Bitcoin in terms of popularity, yet two studies have shown that tends to be more stable and a better “safe-haven” investment during difficult economic times. As a team of researchers from… Source link

The recent rise of bitcoin toward all-time highs is creating millionaires, on paper, at a fairly rapid clip, according to data from BitInfoCharts. At last check, bitcoin was trading up by over 6.5% on CoinDesk BTCUSD, +2.27% at $49.141.23. But even with the asset down by about 12% for the week after a jaunt to a record high at $58,332.36 over the weekend, the digital currency’s ascent is helping mint a round of crypto millionaires. Read:… Source link

Bitcoin’s rapid recovery from the biggest two-day sell-off in almost a year shows the power of a recently overlooked factor in cryptocurrency markets: demand from Chinese retail traders. Prices for the largest cryptocurrency were higher on Wednesday, stabilizing around $49,000, after tumbling 15% in the prior two days. The sudden demand for bitcoin (BTC) from Chinese traders, possibly motivated by the price drop, can be viewed through a hitherto largely ignored metric: the “tether… Source link