Markets

While there’s been all excitement surrounding the EIP-1559 implementation, some independent developers have pointed out some issues with debugging the Ethereum DApps post the upgrade. The wait is finally over and we are just four hours away from the upcoming London hard fork upgrade, the euphoria in the market is clear as the Ether (ETH) price has shot up more than 8% in the last 24 hours.At press time, Ethereum is trading 8.35% up at a price of $2681 and a market cap of $313 billion. The...

Marathon is a well-liked stock among institutional asset managers. Two days ago, the company declared a 66% rise in its Bitcoin month-over-month production.American multinational services company Fidelity Investments has bought 7.4% stakes of Marathon Digital Holdings, which is a patent-holding company and the parent firm of Uniloc.Marathon Digital Holdings currently functions as a digital asset technology company. The firm mines cryptocurrencies, targeting the Blockchain ecosystem and the...

EOS started a fresh increase above the $4.00 resistance against the US Dollar. The price is now trading above the $4.00 support and the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $4.00 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase). The pair is likely to continue higher if it breaks the $4.25 and $4.30 resistance levels in the near term. EOS price is showing positive signs above $4.00 against the US...

Litecoin price failed to clear the $150 resistance zone and corrected lower against the US Dollar. LTC price is now trading above $140 and the 55 simple moving average (4-hours). There was a break above a key bearish trend line with resistance near $138 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair might start a fresh increase as long as it is above the $135 support. Litecoin price is holding gains above $135 against the US Dollar, similar...

El Salvador’s ground-breaking decision to adopt Bitcoin as legal tender could have an outsized impact on the global cryptocurrency market – but it’s unclear whether it will be positive or negative until we see how it works in practice.Although it was originally designed as a currency and has seen both its use and its value soar over the last decade or so, Bitcoin (and other cryptocurrencies) have largely been used more as assets than currencies to date. Aside from trading, their use has been...

At 19 years of age, Nick Sears could be one of the youngest people in the world to be making a career out of bitcoin. Two years ago, Sears built a bitcoin mining farm in Washington, and has made this farm his business ever since. He is looking away from the traditional college route and considering a future in which he devotes himself entirely to the world’s number one digital currency by market cap. Nick Sears Says “Bye” to College, “Hello” to BTC Mining Right now,...

BTC’s impressive rally from $29.3k to $42.6k has significantly improved the technicals and especially the momentum for the largest cryptocurrency. Since finding a local top at $42.6k as we reported, the 4-hour and daily conditions for BTC became extremely overbought and overextended, with an increased risk of a near-term correction. When looking at market structure, it appears BTC has exited Phase C in the Wyckoff Accumulation schematic and is now in the early parts of Phase...

Zymergen announced that CEO Josh Hoffman has stepped down and will be replaced by Jay Flatley as the acting Chief Executive Officer.Zymergen Inc (NASDAQ: ZY) stock was down as much as 73.90% during today’s pre-market. According to metrics provided by MarketWatch, ZY stock traded around $9.80 as of August 4, 2021, 6:32 a.m. EDT. The sharp nosedive has directly been attributed to a business update provided by the company.Notably, the bio-based product company announced that it expects no...

With just 24-hours left for the upcoming London hard fork, the ETH community eagerly awaits the exciting changes it will bring to the network. There’s been much hype around the arrival of the Ethereum London hard fork and now we are just one day away. The countdown tracker from Ethereum.org shows the hard fork will go live in the next 24 hours from press time. The announcement on the website reads:“The London upgrade is scheduled to go live on Ethereum in August 2021, on block 12,965,000....

RIT Capital Partners has participated in a funding round for Aspen Digital’s UK expansion plans.RIT Capital Partners, formerly known as Rothschild Investment Trust, led an $8.8 Million Series A round of funding for Hong Kong-based Aspen Digital.British peer and Investment Banker Jacob Rothschild’s company, RIT Capital Partners has been officially announced to have led the funding round for Aspen alongside New York-based technology venture firm Liberty City Ventures. The crypto investment...