For anyone not familiar, what is Polygon's zkEVM? Polygon zkEVM is the first zero-knowledge scaling solution that's fully equivalent to EVM: All existing smart contracts developer tools and wallets work seamlessly. The zkEVM harnesses the power of ZK proofs to reduce transaction cost and massively increase throughput, all while inheriting the security of Ethereum L1.…
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submitted by /u/PillarOfJustice [link] [comments]
Authorities in the energy-rich Russian region of Irkutsk have imposed hefty fines on crypto miners this year for illegal use of electricity to produce digital currencies. Power utilities have also filed hundreds of lawsuits, a report reveals, quoting prosecutors. Irkutsk Crypto Miners Pay 100 Million Rubles in Fines in 2022 Cryptocurrency mining has become a […]
If you have being here for a while, you may have already some moons and perhaps you even got free a nft reddit avatar. It is awesome that those things are indeed assets in the block chain and you should learn how to get access to them and make good use of it. If at…
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I was naive and it felt attractive and safe back then. I knew the risks but not all of them. A lot has happened since that day specially recently as you all know so today as I learned about CB allowing users to wrap our ETH2 to cb ETH was simply a blessing. I don’t…
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hi everyone, this is my first post on here as i just started mining today. i have 2 main questions im hoping can get answered. first one being that i know ethereum is pretty low currently. im using a 3080ti and at 70 ms/h its earning less than $2 a day. my question is if…
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Hey Ledger peeps, I want to gift a kid a ledger nano with ETH loaded on it, any ideas if possible and what’s the best way to do it ? submitted by /u/Common_wisdoms [link] [comments]
Ethereum was able to clear the $1,650 resistance against the US Dollar. ETH might rise further towards $1,800 if it stays above the $1,625 support. Ethereum was able to slowly move higher above $1,640 and $1,650. The price is now trading above $1,650 and the 100 hourly simple moving average. There is a major rising channel forming with support near $1,645 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move up if it stays above the $1,625 support zone. Ethereum Price Starts Recovery Ethereum was able to start an upside correction above the $1,600 resistance zone. ETH climbed above the $1,620 and $1,625 levels, opening the doors for more gains. The price broke the 23.6% Fib retracement level of the main drop from the $1,880 swing high to $1,524 low. Ether price even cleared the $1,650 resistance and settled above the 100 hourly simple moving average. Finally, it traded close to the $1,700 resistance, where the bears emerged. The price is now trading above $1,650 and the 100 hourly simple moving average. There is also a major rising channel forming with support near $1,645 on the hourly chart of ETH/USD. An immediate resistance on the upside is near the $1,680 level. The first major resistance is now forming near the $1,700 level. It is near the 50% Fib retracement level of the main drop from the $1,880 swing high to $1,524 low. A clear move above the $1,700 level could start a steady increase. Source: ETHUSD on TradingView.com The next major resistance is near the $1,745 level, above which the price could gain bullish momentum and rise and test the $1,800 resistance. Fresh Drop in ETH? If ethereum fails to rise above the $1,700 resistance, it could start a fresh decline. An initial support on the downside is near the $1,650 zone, the 100 hourly simple moving average, and the channel trend line. The next major support is near $1,625, below which ether price might accelerate lower. In the stated case, the price may perhaps decline towards the $1,550 level. Any more losses may perhaps open the doors for a move towards the $1,520 level. Technical Indicators Hourly MACD – The MACD for ETH/USD is now losing momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 level. Major Support Level – $1,625 Major Resistance Level – $1,700
“So we are gonna drop the lawsuit, 100% and I’m sorry this became public,” said Ben Armstrong.
The Ethereum co-founder suggests that cryptocurrency payments are a “big boost” to international business, charity, and even payments within countries.
