Pinakabagong Balita sa Crypto at Market Updates

ETH Spiked to 2-Month High, BTC Rejected at $24K (Market Watch) - BitcoinEthereumNews.com

Bitcoin EthereumETH Spiked to 2-Month High, BTC Rejected at $24K (Market Watch)08 / 09 / 2022Balita ng Ethereum ng Bitcoin　　Following several days of minimal volatility, bitcoin spiked above $24,000 yesterday but was rejected there.　　The altcoins also saw some impressive gains, with ETH soaring to a new monthly high. However, most sit calmer now.　　BTC Stopped at $24K　　After ending July in the green, the first positive month since February, bitcoin started to retrace slightly and dropped from $24,000 to under $22,500 in a matter of days.　　The aforementioned low came on August 4, but the asset bounced off rather quickly and returned to $23,000. It calmed there and spent the next few days around that level without any significant moves in either direction.　　After the relatively dull weekend, BTC finally went on the offensive and jumped to a daily high of $24,250 (on Bitstamp).　　It was stopped there, and the bears have pushed it down to just under $24,000 as of now. Nevertheless, its market cap still stands north of $450 billion.　　BTCUSD. Pinagmulan: TradingViewBitcoin News　　Matt Corallo – an early BTC developer and Blockstream co-founder – naniniwala bitcoin maximalists should change their tune as the industry has changed.　　Glassnodes latest ulat informed that BTC and ETH derivatives

2022-08-09Ethereum

Bitcoin, Ethereum, Near Protocol price analyses - BitcoinEthereumNews.com

Bitcoin EthereumBitcoin, Ethereum, Near Protocol price analyses08 / 09 / 2022Balita ng Ethereum ng BitcoinPagsusuri ng Bitcoin　　Ang presyo ng Bitcoin finished up more than 2% for Mondays trading session and when traders settled-up to close the day BTC was +$639.1.　　Today were kicking off our analysis with the BTC/USD 1W na tsart sa ibaba mula sa joselopez4053. Ang presyo ng BTC ay kinakalakal sa pagitan ng 1 fibonacci level [$18,245.61] at 1.618 [$28,386.4], sa oras ng pagsulat.　　As we can see, bitcoin‘s price is trading on the weekly time frame in an uptrend dating all of the way back to 2013 on this chart. For BTC’s price to break that chanel and the long time uptrend it would have to fall below $1,700.　　Ang pangunahing target para sa bullish BTC mangangalakal is 1.618, followed by 2.618 [$44,795.45], and a third target of 3.618 [$61,204.5].　　Mga bearish na mangangalakal are attempting to break the 1 fib level and again retest a 12-month low at $17,611. If theyre successful in making a new low their focus will shift to the 0.786 fib level [$14,734.07]. The third target for bearish bitcoin traders is 0.618 [$11,977.35].　　BTC/USD 1W chart: ang presyo ay kinakalakal sa pagitan ng 1 fibonacci level

2022-08-09Ethereum

Ethereum Coin Price Prediction for August 9th: ETH Uptrend May Reverse - BitcoinEthereumNews.com

Ethereum Coin Price Prediction: Weakness in the ETH/BTC market is more Evident　　In the ETH/BTC market, the daily chart reveals obvious signs of trend weakening. Looking at this chart one could see that a significant value rally occurred within mid last month till now. Also, we can see that price motion has reached the upper band of the Bollinger band. However, we can see that the middle band of the indicator is getting closer to the price candle. We deduce that with the volatility in the market the appearance of a bearish candle will plunge the price of this Ethereum. This is because once price motion crosses below the middle band of the Bollinger indicator, this signifies a downtrend.　　Looking at the Stochastic RSI well see that the curves of this are almost meeting at a point. Subsequently, this indicates that a trend correction is about to occur. Traders in this market should place a stop loss of around 0.07030. This will fade out a false trend reversal as changes in Bitcoin or Ethereum value will influence this market in either direction.

2022-08-09Ethereum

Chainlink will not support Ethereums Proof of Work - BitcoinEthereumNews.com

Chainlink has anounced that it will no longer support Proof of Work　　Ang Chainlink protocol anounced that after the Ethereum Merge, which is expected to see a shift from the consensus system of Proof of Work to the more sustainable Proof of Stake, it will no longer support the old system.　　Chainlink is a protocol that allows smart contracts to interact with data outside the blockchain, through a complex network of nodes and by retrieving – and conecting – data from any type of API.　　A company note reads:　　“The Chainlink protocol and its services will remain operational on the Ethereum blockchain during and after the Merge to the PoS consensus layer. Users should be aware that forked versions of the Ethereum blockchain, including PoW forks, will not be supported by the Chainlink protocol”.　　The company also urged developers who are not ready to adapt to the new system to suspend their activities to avoid unpleasant disruptions and unforeseen events.　　Then again, many doubts still exist around this major update, expected to see its final launch on 19 September, even among the komunidad ng Ethereum mismo.　　Some predict that the two systems could coexist for much longer, which will make the network less secure and more susceptible

2022-08-09Ethereum

Ethereums [ETH] latest debate focuses on PoW v. PoS with players choosing sides - BitcoinEthereumNews.com

EthereumAng pinakabagong debate ng Ethereum [ETH] ay nakatuon sa PoW v. PoS sa mga manlalaro na pumipili ng panig08 / 08 / 2022Balita ng Ethereum ng Bitcoin　　Pagsamahin ang Ethereum, by far the market‘s most-anticipated event, will soon take place (potentially in September). As expected, excited ETH supporters remain bullish as it would improve the network’s efficiency and reduce its environmental impact.　　Now, with the transition looming in the near future, many major players have planed their next moves.　　Ano ang iyong kunin？　　Ang paglipat mula sa Proof-of-Work (PoW) sa Proof-of-Stake (PoS) would merge ETH‘s main mainet with the Beacon Chain. In doing so, it will complete the process and eliminate miners’ involvement here.　　Obviously, not everyone seems to see eye-to-eye, especially ETH miners. Chandler Guo, a prominent Chinese crypto-miner led this debate recently. Guo kinuha sa Twitter last week and anounced that he would fork the Ethereum blockchain to “ETH POW.”　　To support this, the not-yet-born Ethereum PoW version even has a website called ethereumpow.org.　　Now, the aforementioned initiative gained traction as it got support from renowned crypto-exchanges. Starting with Huobi, the team in an 8 August blog post ipinahayag,　　“As long as the ETH forked assets meet our security requirements, we will take the first move

2022-08-09Ethereum

Ethereum Crosses $1,700, But Could Return To Path Of Pain, Expert Says - BitcoinEthereumNews.com

EthereumEthereum Crosses $1,700, But Could Return To Path Of Pain, Expert Says08 / 08 / 2022Balita ng Ethereum ng Bitcoin　　Ethereum (ETH) took off over the weekend and has extended its gains during todays trading session. The second crypto by market cap could extend its gains, as “The Merge” becomes a certainty.　　The event that will complete Ethereums transition from a Proof-of-Work (PoW) to a Proo-of-Stake (PoS) consensus algorithm, “The Merge” has been set for September 2022. One of the most expected dates in the crypto industry, market participants seem divided on its short-term implications.　　At the time of writing, ETH‘s price trades at $1,770 with 3% and 5% profits over the last 24 hours and 7 days, respectively. As NewsBTC iniulat, $1,700 was a critical resistance zone for Ethereum as this level could provide more clues into ETH’s price direction.　　If the cryptocurrency manages to flip this resistance level into support, the current bullish momentum might be sustainable and trigger a fresh bull run. The opposite might happen at ETHs price current levels, the market could see a bear assault with new strength.　　The above is based on an idea from Jarvis Labs looking at Ethereums 30-day returns, a metric used to measure the

2022-08-09Ethereum

Ethereum-Based Mixer Tornado Cash Sanctioned by U.S. Government - BitcoinEthereumNews.com

Alex Dovbnya　　The action has prohibited U.S. investors from interacting with the controversial service　　Popular Ethereum-based coin mixing service Tornado Cash ay nabigyan ng sanction by the U.S. Department of the Treasury, according to a Monday anouncement. A slew of associated cryptocurrency addresses have also been added to the blacklist.　　The move shows that American authorities are determined to go after different parts of the crypto supply chain that are used for nefarious activities.　　In May, the U.S. government sanctioned Blender, another coin mixing service, for allegedly helping North Korea launder some of the funds stolen from Axie Infinity.　　Coin mixing services are used to obscure the origin of particular transactions, which makes them a hotbed for money laundering.　　After gaining significant popularity, the decentralized coin mixer became a go-to tool for covering the tracks of nefarious actors. In March, one of the founders of Tornado Cash opined that it was “technically impossible” to enforce sanctions against the controversial coin mixer.　　According to U.S. officials, more than $7 billion worth of digital assets has been laundered with the help of Tornado Cash since 2019. The mixing service was used by Lazarus Group, a North Korea-run hacking collective, for laundering hundreds of millions of dollars worth of funds

2022-08-09Ethereum

Vitalik Buterin minimiza el impacto de nuevas bifurcaciones de Ethereum tras la fusión - BitcoinEthereumNews.com

El próximo mes, la blockchain planea cambiar a un mecanismo de consenso proof-of-stake (PoS), un evento conocido como fusión o merge, en una acción que los desarrolladores dicen la volverá menos costosa, más rápida y amigable con el medio ambiente. El paso desde un sistema proof-of-work (PoW) terminará con una fuente de ingresos para los mineros de ether, quienes son recompensados con tokens por sus esfuerzos. Los mineros produjeron más de $620 millones en ether solo en julio, según muestran los datos. El fundador de Tron, Justin Sun, se ha convertido en uno de los inversores más destacados que sinusuportahan nila isang tinidor de la red para mantener el sistema de recompensas por minado.

2022-08-09Ethereum

Capitalization of ETH surpasses many banks - BitcoinEthereumNews.com

Ethereum outperforms Wells Fargo, Morgan Stanley, Visa and HSBC in terms of capitalization　　pagkatapos gaining 50% over the past three weeks, Ethereum‘s capitalization has surpassed that of banking giants such as Wells Fargo, Morgan Stanley, HSBC, Makita, and Bank of China. Ethereum’s capitalization has again surpassed $ 200 bilyon, surpassing that of many international banks and putting it on track to overtake another major Chinese bank, the Industrial and Commercial Bank of China (ICBC).　　The big rises in recent weeks have seen all major cryptocurrencies recover to a small degree the major declines of the early part of the year. This positive sentiment is also confirmed by looking at the staggering increases in daily trading volumes, up 15% to more than $30 billion. 　　ETH alone is reported to have grown by nearly 80% since June, gaining $990 from its lows and again surpassing the $1,700 mark. the trading volume of Ethereum in July reached 50% of that of Bitcoin.　　In July, the total capitalization of cryptocurrencies returned above $1 trillion, with Bitcoin and especially Ethereum on the defensive.　　All this allowed Ethereum to surpass the banking giant of China in terms of capitalization, which, like all Chinese banks, is facing a major problem related

2022-08-09Ethereum

Ethereum market cap surpasses $200 billion as ETH reclaims $1,800 - BitcoinEthereumNews.com

The price of the second largest cryptocurrency by market cap has climbed above the $1,800 level as Ethereum (ETH) risess over 5% in a day ahead of its upcoming Pagsamahin upgrade slated for September.　　Indeed, Ethereum is currently trading at $1,801, up 5.48% in the last 24 hours and 6.78% across the previous week. Notably, in the last 30 days, Ethereum has climbed from $1,214 on July 10 to $1,801 on August 8, an increase of 48.35% between the two dates.　　Ethereum 30-araw na tsart ng presyo. Pinagmulan: CoinMarketCap　　Whats more, with a total market capitalization of $219 billion, Ethereum has added almost $70 billion to its total worth in the last month, according to data retrieved by CoinMarketCap.　　Ethereum 30-day market cap chart. Source: CoinMarketCap　　The Ethereum Merge slated for late September is among the most highly anticipated crypto events due to take place owing to factors like the projected bullish impact on the assets price.　　Based on this, the banking giant Citigroup (NYSE: C) believes the upgrade might have several benefits for the blockchain.　　According to the study conducted by the bank, after the upgrade has been implemented, it may result in reduced energy intensity, transform Ethereum into a deflationary asset, and provide a potential

2022-08-08Ethereum

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