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Bitcoin and Ethereum Face Uphill Task, Altcoins Extends Rally
21.5.2021
Bitcoin price started a recovery above the USD 38,000 and USD 40,000 resistance levels. BTC even broke the USD 41,200 level, but it failed to surpass the USD 42,000 resistance. It is currently (04:20 UTC) trimming gains and it could decline further below USD 40,000.
Similarly, most major altcoins...
Stock Guru Jim Cramer Thinks Crypto Crash Will Benefit Stock Markets
21.5.2021
Jim Cramer, otherwise known as the ‘stock guru,’ has weighed in how the latest cryptocurrency market correction can affect the stock markets. Cramer thinks this contingency will benefit stock markets, with some investors taking profit and moving them to less volatile, less transient...
Bitcoin Back to $42K, Nearly Recovering All of Wednesday’s Losses
20.5.2021
That didn't take long: Bitcoin is already back to where it was at the start of Wednesday, just before the biggest sell-off in 14 months
Bitcoin and Ethereum Show Signs of Revival, Altcoins Gain Momentum
20.5.2021
Bitcoin price remained well bid above the USD 35,000 level and it started a decent recovery. BTC broke the USD 38,000 and USD 40,000 resistance levels. It is currently (12:30 PM UTC) showing a few positive signs and it could continue to move higher towards USD 42,000.
Similarly, most major altcoins...
Plunge in Bitcoin & Effect on Cryptocurrency
20.5.2021
Recent crypto crash It will be worth noting that the falling of cryptocurrency reinstates the fact that these are volatile assets. The current melting of the cryptocurrency is not attributed to any single isolated event. It is the cumulative outcome of uncertainty and confusion on the part...
Nvidia Aims to Get Its GPUs Back ‘Into the Hands of Gamers’ by Reducing Mining Capabilities on 3 Graphic Cards
20.5.2021
A major chipmaker keeps making efforts to calm down the gaming community’s anger toward cryptocurrency miners who are taking the lead in buying graphic cards massively, boosting its prices. Nvidia has announced that it will deliberately limit the capabilities for some of its newly graphic...
Bitcoin and Ethereum Recovery Faces Hurdles, Altcoins Inch Higher
20.5.2021
Bitcoin price nosedived in the past few sessions and it declined below the USD 35,000 support. BTC even tested the USD 30,000 zone and it is currently (04:30 UTC) correcting higher. It is back above USD 39,000, but the bulls might face hurdles near USD 40,000.
Similarly, most major altcoins...
Defi Economy Lost $20 Billion This Week, Decentralized Exchange Volumes Still Sky High
20.5.2021
While crypto markets, in general, have been dropping significantly in value, the decentralized finance (defi) economy has shaved more than $21 billion during the last week. Statistics show that the total-value locked (TVL) in defi touched $87 billion on May 11, and since then the aggregate total...
Chinese Internet Cafe Owners Deal With the Pandemic Crisis by Using Their Facilities to Mine Cryptocurrencies
20.5.2021
The Coronavirus pandemic has driven people to take advantage of new business lines to deal with the economic crisis, and cryptocurrency is once again a headliner. Internet cafe owners in China are using their facilities to set up crypto mining farms after temporarily shutting down in 2020. Owners...
Survey: Crypto Traders Predict Ethereum’s ROI to ‘Crush’ Bitcoin’s 2021 Year-End Return
19.5.2021
Bitcoin and a slew of digital assets have seen massive drops in value during the last few days, while the top two leading crypto assets bitcoin and ethereum have been battling for market supremacy. This week, bitcoin’s towering dominance over the crypto economy has dropped to a three-year...
Bitcoin Dives 14%, Ethereum, Altcoins Tumble, Liquidations Near USD 4B
19.5.2021
Bitcoin price failed to keep gains and extended its decline below the USD 40,000 support. BTC broke the USD 38,000 support level and it even spiked towards USD 36,000. It is currently (12:30 PM UTC) recovering above USD 38,000 again, but upsides might be limited above USD 40,000.
Similarly, most...
Bitcoin Drops Below $40K, Crypto Economy Down 17%, Markets Lost $250 Billion Last Week
19.5.2021
On Wednesday, cryptocurrency markets continue to drop lower in value, as the entire crypto-economy has plunged 17% below the $2 trillion mark and now rests at $1.801 trillion. Bitcoin, the leading cryptocurrency in terms of market capitalization, touched a high of $40,770 per unit at 4:48 a.m....
Disclosed: Ethereum 'Lived' With a Major Threat for 18 Months
19.5.2021
Here's what we knew: Ethereum (ETH) executed the Berlin hardfork last month. Here's what we didn't know: it came with a solution that lowered the risk of a major DoS attack, looming over the network for more than a year and a half.
According to the May 18 post written by Ethereum developer Péter...
Polygon Rallies Amidst the Bitcoin-Ethereum Showdown
19.5.2021
Among the top 20 cryptocurrencies worldwide, Polygon has enrolled itself with over $10 billion in market capitalization. The numbers were derived last week when market runners like Bitcoin, Ethereum, and others dealt with sharp plunges. As per the latest market update, Polygon (MATIC) has marked...
Polygon to Democratize NFT Interactions by Improving Approachability
19.5.2021
To pave the way for greater adoption of non-fungible tokens and bring down the barriers hampering more widespread participation, Polygon is leveraging its parallel network’s proof-of-stake approach to reduce Ethernity Chain’s gas costs. Layer 2 Solution to Make Ethereum-Based NFTs More...
Buterin Not Getting Tax Write-Off For SHIB India COVID-19 Relief Donation
19.5.2021
Vitalik Buterin. Source: a video screenshot, Youtube, Business Insider
Singapore-based Ethereum (ETH) Co-founder Vitalik Buterin said he will not get a tax write-off on his donation of 50trn shiba inu (SHIB) tokens to support India’s Crypto COVID Relief Fund.
He was reported as saying by Bloomberg...
Bitcoin Dives Below USD 40K, Ethereum Breaches USD 3K, Liquidations Soar
19.5.2021
Bitcoin price failed to surpass the USD 46,000 and USD 46,500 resistance levels. As a result, BTC started a fresh decline below the USD 44,000 support. It is currently (04:30 UTC) trading below USD 40,000.
Similarly, most major altcoins are moving lower. ETH failed to clear the USD 3,550 resistance...
There’s Close to 300,000 Bitcoin-Pegged Tokens Hosted on ETH and BSC, Value Exceeds $12 Billion
19.5.2021
For quite some time now cryptocurrency traders have been leveraging bitcoin-based assets tethered to alternative blockchains. Mid-May statistics show there’s more than 299,000 bitcoin, worth over $12.8 billion today, tied to wrapped or synthetic bitcoin projects hosted on Ethereum or...
Patched vulnerability could’ve crippled ETH over the past 2 years: Ethereum Foundation
19.5.2021
The Ethereum Foundation has come clean about a security vulnerability first spotted in 2019 that could have brought the mainnet to a halt until the Berlin upgrade last month
Ark Investment tips $20M into Grayscale Ethereum Trust
19.5.2021
Ark’s Q1 SEC report revealed holdings of 639,069 shares in Grayscale's Ethereum Trust, worth more than $20 million