Category: Cryptocurrency News

I know when Ethereum was POW it was kinda straightforward to quantify a hypothetical 1-hr 51% attack cost (Bitcoin supposedly would currently cost $1.3 mil/hr). Is there a number for Ethereum now after switching to POS? Obviously I know it’s all hypothetical but it’s just interesting to quantify these things on some level submitted…
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I love reading these snippets showing how Blockchain can make the world better. https://techhub.wwf.ca/technology/blockchain-applications/#:~:text=Blockchain%20technology%20provides%20secure%20data,from%20ocean%20to%20dinner%20plate. submitted by /u/Adam-Schroeder [link] [comments]

The Japanese parliament has decided to roll out tougher AML procedures in line with the “travel rule.”

Ethereum price failed to surpass $1,880 and declined against the US Dollar. ETH is struggling and might continue lower toward the $1,790 support. Ethereum is currently moving lower from the $1,880 resistance zone. The price is trading below $1,830 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance near $1,840 on the hourly chart of ETH/USD (data feed via Kraken). The pair could accelerate lower toward the $1,790 and $1,780 levels. Ethereum Price Fails Again Ethereum’s price attempted a fresh increase above the $1,850 resistance zone. However, ETH bears remained active near the $1,880 level and the price started another decline, similar to Bitcoin. The price declined from the $1,873 high and traded below the $1,850 support. There was a clear move below the 50% Fib retracement level of the upward move from the $1,792 swing low to the $1,873 high. Ether price is now trading below $1,830 and the 100-hourly Simple Moving Average. There is also a connecting bearish trend line forming with resistance near $1,840 on the hourly chart of ETH/USD. Immediate resistance is near the $1,830 zone and the 100-hourly Simple Moving Average. Source: ETHUSD on TradingView.com The first major resistance is near the $1,840 level and the trend line. A close above the $1,840 resistance could send Ether toward $1,880. The next resistance sits near $1,920, above which Ethereum could rise toward $2,000. Any more gains above the $2,000 resistance zone could start a steady increase toward the $2,120 resistance. More Losses in ETH? If Ethereum fails to clear the $1,840 resistance, it could continue to move down. Initial support on the downside is near the $1,810 level and the 76.4% Fib retracement level of the upward move from the $1,792 swing low to the $1,873 high. The next major support is near the $1,790 zone. The main support sits at $1,770. If there is a close below the $1,770 support, the price could gain bearish momentum. In the stated case, the price might drop toward the $1,720 support zone. Any more losses may perhaps spark a move toward the $1,650 support zone in the coming sessions. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is below the 50 level. Major Support Level – $1,775 Major Resistance Level – $1,840

Core Scientific said favorable market conditions have increased its liquidity position and its bankruptcy restructuring plan has been revised.

Bitcoin price is struggling to clear the $27,500 resistance. BTC could attempt another increase if it stays above the $27,000 support. Bitcoin is still struggling to gain pace above the $27,400 and $27,500 levels. The price is trading above $27,000 and the 100 hourly Simple moving average. There was a break above a major bearish trend line with resistance near $27,140 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a fresh increase if it stays above the $27,000 pivot level. Bitcoin Price Revisits Support Bitcoin price started a decent increase from the $26,550 zone. BTC was able to clear the $26,850 and $27,000 resistance levels. It also sparked some positive moves in Ethereum. During the increase, there was a break above a major bearish trend line with resistance near $27,140 on the hourly chart of the BTC/USD pair. The pair spiked above the $27,400 resistance but there was no upside continuation. A high is formed near $27,511 and the price is now moving lower. There was a move below the 23.6% Fib retracement level of the upward move from the $26,536 swing low to the $27,511 high. Bitcoin price is now trading above $27,000 and the 100 hourly Simple moving average. It is also testing the broken trend line at $27,150. Immediate resistance on the upside is near the $27,280 level. The next major resistance is near the $27,400 level. The main resistance is still near $27,500. A close above the $27,500 resistance zone might send the price toward the $28,200 resistance zone. Source: BTCUSD on TradingView.com The next key resistance is near $28,500, above which the price might start a strong increase toward the $29,200 resistance. Any more gains might send the price toward the $30,000 level. Fresh Decline in BTC? If Bitcoin’s price fails to clear the $27,500 resistance, it could start another decline. Immediate support on the downside is near the $27,000 level and the 100 hourly Simple moving average. The 50% Fib retracement level of the upward move from the $26,536 swing low to the $27,511 high is also near $27,000. The next major support is near the $26,850 zone, below which the price might revisit the $26,550 support. Any more losses might take Bitcoin toward the $26,000 level in the near term. Technical indicators: Hourly MACD – The MACD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now near the 50 level. Major Support Levels – $27,000, followed by $26,550. Major Resistance Levels – $27,280, $27,400, and $27,500.

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Ether can simultaneously be a security and commodity under the regulatory scope of the SEC and CFTC, former CFTC commissioner Dan Berkovitz claimed.