Back on Saturday, October 30th, the team of the blockchain network TRON, announced the official launch of the BitTorrent Chain (BTTC) test network. BTTC is already compatible with TRON, Ethereum, and BSC and it will soon also support HECO and OEC. In the future, BTTC will support more public chains to deliver its mission of…
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AllianceBlock, a project building compliant and data-driven products that enable institutions to access opportunities in decentralized finance, has today announced a new partnership with Flare Network, a platform bringing Turing-complete smart contracts to all native layer-1 blockchains. Closely aligned on their missions to build a more participatory economy that connects the traditional and decentralized finance…
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Let he who is without sin cast the first stone, as they say. Can all of you tell me, honestly, that you've read the whitepaper of every single coin you hold/held? Because I couldn't say that. I've read ALGO's and CKB's, but not LINK's or DOT's. I know what they're about, of course, I've done…
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I started crypto with about a few hundred dollars in 2017. Market crashed later, but I managed to scrape out some profit. Still, I had tons of bills, so I put those profit into paying them. I started from scratch this market cycle due to the Pandemic, and very slowly making some profit that some…
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Ethereum recently hit a new all-time high following a tremendous bull run alongside top crypto bitcoin. The altcoin has enjoyed glowing success as the market turns to the upside in terms of sentiment. This has helped push ETH and countless altcoins towards new highs in the market. Expectations have been on the rise following this success and Goldman Sachs market analysts believe there are merits to the expectations. Ethereum’s rally towards $4,400 has set it on a path for even greater value. Faith in the asset has been on the rise in the past few months despite the slow month of September. This has caused an influx of both retail and institutional investors into the digital asset, who are investing for the long-term rather than chasing short-term gains. The push towards ETH at $10K continues and market analysts are marking a path that could lead the market there. Related Reading | MicroStrategy Bent On Increasing Bitcoin Bet After 9,000 BTC Purchase, Says CEO Gearing Up For $8,000 Market analysts at Goldman Sachs have said Ethereum’s price movements in line with inflation if continued, may place the asset in position for another upward rally. Goldman Sachs Global Markets Managing Director Bernhard Rzymelka circulated a note that outlined the correlation of ETH’s price movements with inflation breakevens for the past two years. Inflation has been one of the driving forces behind the adoption of crypto in recent times. As countries shut down due to the pandemic in 2020, inflation rates around the globe shot up as nations could no longer carry out trade with one another. This has persisted into 2021 with inflation rates for the United States at 4.2%. As such, investors have had to find better ways than traditional investment options to hedge against growing inflation and digital currencies as Ethereum has presented as an option. ETH price drops from ATH | Source: ETHUSD on TradingView.com Goldman Sachs market analysts put forward that if ETH continues to follow the same line, then the digital asset will rally 80% towards $8,000. However, the analysts explained that this could go either way. Investors’ views of current inflation pressures may persist and if they do, it could be “a sign of exhaustion and peaking, or a starting point of an accelerating rally upon a break higher,” the note said. Ethereum Trending Higher Ethereum had trended downwards after losing its footing above $4,400. Bulls had hoped to settle the digital asset above the $4,500 but market momentum dropping during the weekend has seen ETH register lower than expected in the early hours of Monday. This had however not deterred the bulls as the asset is poised to begin another rally to once again test the $4,400 price point. Related Reading | New Ethereum-to-Cardano Bridge Will Provide NFT Creators Eco-friendly Options The recently completely Altair upgrade had brought more interest into the asset. With this upgrade, ETH is one step closer to becoming a deflationary asset, a turnaround expected to trigger a surge in the price of the asset once the coins become more scarce. Although indicators point to more bullish movement, a fall below the $4,300 resistance point will drag the asset farther down. This could see the asset touch back down towards $4,000 again. However, major resistance to this downside will come at $4,150. Featured image from Coingape, chart from TradingView.com
U.S. financial regulators are close to working out the limits of their authority over at least one class of digital assets.
submitted by /u/Dan6erbond [link] [comments]
Longtime GME holder and crypto enthusiast here. For those that aren't aware, last week there was a leak on Github that seems to prove that GME and Loopring are indeed working together to launch an NFT exchange. For those that aren't in the loop (pun intended), LRC is currently exploding in price. I suspect it's…
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submitted by /u/edu15 [link] [comments]
Digital creators and artists have been able to make a living by selling NFTs for high prices, but how long will this business model last?
