Bitcoin – Page 69

Bitcoin [BTC]’s bull and bear tug-of-war may have traders waiting for a long time

The entire crypto community got excited as Bitcoin [BTC] registered a slight uptick in the last few days. This development gave investors hope for a possible bull-rally in the coming days. Bitcoin’s value increased more than 5% in the last seven days. Furthermore, at press time BTC was trading at $20,199.18 with a market capitalization of $386,873,518,560. However, several analysts and influencers are indicating that the excitement might as well turn into misery. They also predict a possible bear market...

SEC Chair Warns That Merge Update Might Turn ETH Into A Security

While the world was watching the Ethereum blockchain undergo the most important transition to Proof-of-Stake (PoS) on Thursday, SEC chair Gary Gensler also had all ears to the developments. Soon after the Merge event on Thursday, September 15, SEC chair Gary Gensler said that crypto assets and intermediaries that allow users to “stake” will have to pass the Howey Test to determine whether that asset is a security or not. The Howey test determines whether the investors expect a return...

Interest in Ethereum Classic ($ETC) and in a Little-Known Altcoin Explodes After Ethereum Merge

On September 15 at 06:42:42 UTC at block 15537393, the Ethereum mainnet merged with Ethereum’s Beacon Chain to complete the widely-anticipated Merge upgrade. The move marked the network’s transition to a Proof-of-Stake consensus protocol, and led to surging interest in Ethereum Classic ($ETC) and a little-known altcoin. Ethereum...

Popular Crypto Analyst highlights Key Bitcoin ($BTC) Price Levels to Watch

A popular cryptocurrency analyst has shared important Bitcoin ($BTC) price levels to watch as the flagship cryptocurrency struggles to regain momentum after falling below the $20,000 mark after higher-than-expected U.S. inflation data sent markets tumbling. The pseudonymous trader known on Twitter as Capo has told his over 500,000...

U.S. Treasury Sanctions Russian Paramilitary Group’s Crypto Wallets

Key Takeaways

The U.S. Treasury has sanctioned several crypto addresses tied to Task Force Rusich, a Russian paramilitary group. Five addresses belonging to the group were sanctioned; those addresses hold Bitcoin, Ethereum, and USDT. Task Force Rusich is considered an extremist Neo-Nazi group and has been accused of atrocities against soldiers.

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The U.S. Treasury has sanctioned five cryptocurrency addresses tied to an extremist Russian paramilitary group.

Russian Extremist Group Faces Sanctions

A Russian extremist group has had its crypto wallets sanctioned.On September 15,...

Crypto Prices To Follow Suit?

At a time when the crypto ecosystem went through one of the most sought after upgrades, the stocks are falling. On Thursday, everything seems to be on the downward curve while cryptocurrencies already were down after The Merge completion. All asset classes, including stocks, bonds, crypto and commodities are falling in values currently. The Nasdaq composite index is down over 1% as of writing. This seems to have a ripple effect on the crypto market too, with Bitcoin (BTC)...

Bitcoin Consolidates Near $20,000; Is A Sign Of Reversal?

Published 4 seconds ago Bitcoin price was struggling near $20,000 and extended the consolidation for the second consecutive day. The heavy sell off on Tuesday left investors in the vary as they are looking for a confirmation to place the fresh trading bets. The price hovers in a narrow trading range with no clear directional bias. But the sentiment skewed in favor of bears. Bitcoin price continues to trade lower following the fall on Tuesday—a deprecation of 10%. The price struggles...

Crypto Community Reacts to “Historic” Ethereum Merge Event

Key Takeaways

Ethereum's "Merge" to Proof-of-Stake successfully shipped this morning. Vitalik Buterin, Joseph Lubin, and other key community members took to Crypto Twitter to celebrate the upgrade after it shipped. Some prominent Bitcoin personalities criticized Ethereum over the Merge, warning that it would lead to increased centralization.

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Vitalik Buterin, Yuga Labs, Synthetix, and others celebrated Ethereum completing its “Merge” to Proof-of-Stake earlier this morning.

Community Celebrates Merge Event

The Ethereum Merge is finally done—and the crypto community has a lot...

$BTC: Michael Saylor on ‘Bitcoin Mining and the Environment’

On Wednesday (September 14), Michael Saylor, Co-Founder and Executive Chairman of business intelligence software company MicroStrategy Inc. (NASDAQ: MSTR), decided to address some of the “misinformation & propaganda” surrounding the impact of Bitcoin mining on the environment. It is worth remembering that on 11 August 2020, MicroStrategy announced via a press...

Ethereum Makes History With Merge to Proof-of-Stake

Key Takeaways

Ethereum has successfully "merged" from Proof-of-Work to Proof-of-Stake. The landmark update will bring major changes to the Ethereum network, including a 99.95% reduction in energy consumption and a 90% cut in ETH issuance. Many believe that the Merge could act as a bullish catalyst for ETH on a long-term timeframe, but there are reasons to be skeptical in the immediate future.

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“The Merge” is one of the most significant events in crypto history.

Ethereum Completes the...