Crypto news

With the latest bitcoin crash making headlines, many analysts are sharing their opinions on social media and on related platforms to try and give traders and crypto enthusiasts an idea of where the currency will potentially go in the coming weeks and months.Mike McGlone on Bitcoin: Where Will It Go?Recently, the Winklevoss Twins stated that bitcoin could reach a price of $500,000 in the future. They laid their case out, and it appears to be a very solid case considering Bloomberg analyst Mike...

This week has been great for SushiSwap’s leading developer, not so much for the token hodlers. A few hours ago, Chef Nomi, the anonymous character behind the project, sold all his tokens and cashed out.The self-proclaimed “head chef” sold millions SUSHI tokens over the weekend. Money is a “Distraction”Following what many call a rug pull, the token’s price has dropped more than 50%. The move caused strong reactions within the community, especially from critics and analysts who rushed to call...

Bitcoin has crashed again. The world’s number one cryptocurrency by market cap is now trading in the $10,300 range, meaning it’s roughly $2,000 less than where it was just a week ago when it rose beyond the $12,000 range.Bitcoin Has Fallen Even FurtherWhat could have caused bitcoin to fall so suddenly? Why now, and why such a big drop? Clearly, bitcoin wasn’t happy just falling back into the $11,000 range. It had to retreat further and lose all its gains since the announcement that banks...

A recent report indicated that as proof-of-work-based cryptocurrencies such as Bitcoin and Monero were increasing in value in 2020, the cryptojacking cases worldwide have surged after a year of continuous decline.Cryptojacking On The Rise In 2020The term cryptojacking refers to when an unauthorized person gains access to a computer for mining (or minting) digital assets. These attacks can sometimes be so precise and critical that the victim fails to comprehend what is draining his device’s...

The only way to know if Ethereum can outperform Bitcoin in 2020 or 2021 is to ask — is Ethereum a good investment? Because a good investment is more than just the price of something versus something else. A good investment requires a number of boxes to be checked. Let’s see how many of these boxes Ethereum can check off. Ethereum’s Price — Is it Accurate? The price of an investment should reflect its value. If the price is lower than it’s value then an investor will typically...

Der BTC verliert erneut. Zwischenzeitlich fiel der Kurs des Marktführers sogar wieder in den 4-stelligen Bereich – mit einem Abfall von ungefähr 12 Prozent in der Spitze. Wie weit geht es noch runter für den Bitcoin?Bitcoin News: Wie weit wird der Bitcoin noch abfallen?Auf bis zu 9.750 US-Dollar ging es wieder runter, wodurch das Plus der letzten Wochen pulverisiert wurde. Analysten sehen genau bei diesem Preis jedoch eine sichere Long-Position:We’ll get a glorious $btc long in at 9.6k okay?...

The number of web developers building applications on Ethereum has increased year-on-year since 2018. According to data from npm.stat, which displays the number of times a JavaScript code library has been downloaded, more Ethereum-specific code packages were downloaded in 2020 than in 2018 and 2019 combined.Ethereum ‘Buidlers’ Keep on BuildingThe two most commonly used JavaScript libraries in Ethereum are Ethers.js and Web3.js. Seen below, courtesy of ChainShot.com, the use of both code...

Russia’s On Digital Financial Asset (DFA) legislation has received yet another set of proposed amendments that can push the country into launching a full-scale ban on cryptocurrency usage, with three exceptions – inheritance, bankruptcy, and enforcement proceedings.Russia’s DFA Sees New PropositionsThe world’s largest country by landmass has been rather indecisive, to say the least, in its approach towards cryptocurrency regulations. The nation successfully passed the DFA bill in July after...

Following the launch of its mainnet earlier this summer, Elrond continues with new developments. The company recently introduced a new economic model for its native cryptocurrency and a token swap implemented firstly on Binance that transitioned ERD to the new coin called eGLD in a 1000:1 ratio.Elrond’s Token Swap Implemented On BinanceAs CryptoPotato reported in late July, Elrond launched its mainnet as the company also unveiled the first application utilizing the Elrond blockchain dubbed...

After a few days of declines, Bitcoin has regained some value and is hovering around $10,500. Most altcoins are also recovering, with the total market gap increasing by $10 billion from yesterday’s bottom.Bitcoin Bounces Off $10KThe bears dominated the cryptocurrency field in the past few days. Bitcoin dipped below $10,000 on two occasions just days after exceeding $12,000. Since the second drop, though, BTC has displayed signs of recovery and is currently trading around $10,500.From a...