Category: Cryptocurrency News

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Former Federal Reserve chairman Ben Bernanke says the main use of bitcoin is “mostly for underground economy activities and often things that are illegal or illicit.” He added, “I don’t think bitcoin is going to take over as an alternative form of money.” Ben Bernanke on Bitcoin, Cryptocurrency Former Federal Reserve chairman Ben Bernanke shared […]

Welcome to the Daily Discussion. Please read the disclaimer and rules before participating.   Disclaimer: Consider all information posted here with several liberal heaps of salt, and always cross check any information you may read on this thread with known sources. Any trade information posted in this open thread may be highly misleading, and could…
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This is in no way financial advice or a recommendation – just my thoughts on a risky domino in the crypto system. USDN is an algorithmic stablecoin whose peg is "protected" by the ability to convert it to/from WAVES at a fixed $1/USDN value – it's the same deal as UST and LUNA. You can…
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Ethereum hashrate has been on the rise in recent times. The cryptocurrency has been one of the most profitable ventures for crypto miners and as more people flocked to enjoy some of the spoils, the hashrate has skyrocketed. It has now hit multiple all-time highs in just the space of May alone. However, the question remains if the price of the digital asset is set to do as well as it has done in terms of its mining hashrate. Ethereum Hashrate Hits New ATH The month of May would prove to be a very good one for Ethereum when it comes to mining. After steadily climbing through the month of April, mining hashrate had touched as high as 1.1923 PH/s on the 3rd of the month. This was understandably widely celebrated in the market but it was far from done. Related Reading | Bitcoin Funding Rates Remain Unmoved Despite Plunge To $30,000 The next couple of weeks would be new all-time highs set after the other. Now, two weeks into the month, it has reached another ATH. On 13th May, the Ethereum hashrate had climbed to 1.2370 PH/s. This is the highest that the hashrate has ever been. It represents a 124% growth on a year-over-year basis.  ETH price settles above $2,000 | Source: ETHUSD on TradingView.com Ethereum still operates on a proof of work mechanism though and it is reported that there are over 80 mining pools that are currently providing the hashrate for the network. One thing to note is that the hashrate has been on the rise as the “Merge” draws closer. This upgrade would effectively eliminate the need for high computing machines required to solve complex equations to verify transactions. Instead, the network would use a proof of stake mechanism to carry out transactions.  How ETH Is Doing Ethereum has managed to make its mark above $2,000 once more. This has come after a long week fraught with crashes and dips. A hard-won victory but a victory nonetheless. However, it would seem to be the only one trend-wise.  Looking at the indicators for the digital asset, it has marked an incredibly bearish trend for both the short and long term. Even though it is maintaining its position above the $2,000 level at the time of this writing, it still marks all the boxes for a bearish asset, such as trading below the 50 to 200-day moving averages. Related Reading | Ethereum Tumbles To 10-Month Lows As Sell-Offs Intensifies Sentiment among investors has also skewed completely into the selling territory. With even the 100 – 200-day MACD pointing towards sell. What this shows is that the selling pressure on investors at this time is one of the highest it has ever been in recent times. Nevertheless, ETH holders are not doing too badly compared to others. The majority of those who hold the digital asset remains in the profit territory even though ETH has lost over half of its all-time high value. It is also worth noting that the majority have been holding their coins for more than one year. Featured image from Medium, chart from TradingView.com

Hey everyone, as many of us know, Crypto faces some big barriers when it comes to onboarding new users. I wanted to focus on the typical fears of being scammed or hacked, unreliability, or that Crypto is “being used for criminal transactions” (Especially with all the current Terra & UST news). Whenever a large hack…
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Hello, This is a template I made to easily keep track of my investments. I've decided to share it for free as a give back to the community. ​ 𝐅𝐞𝐚𝐭𝐮𝐫𝐞𝐬 ————- https://www.youtube.com/watch?v=gIlkqdGDb8s ​ 𝐇𝐨𝐰 𝐢𝐭 𝐰𝐨𝐫𝐤𝐬 (𝐆𝐮𝐢𝐝𝐞 𝐢𝐧𝐜𝐥𝐮𝐝𝐞𝐝) ——————————————- Portfolio’s Currency is selected. History is inputted either with a CSV file or manually (Transactions, Trades,…
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Transaction analysis has uncovered a possible series of transactions that could have possibly allowed few holders to cash out almost at 100% peg, while majority who held on till late lost all their savings. This becomes even more suspicious as LFG and other operators are not releasing evidence of their transactions where they claim they…
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Back in the fall, Loopring soared on the rumors that it would be used by GameStop. The price boomed, "LRC!!!!!" followed by rocket emojis appeared everywhere in this sub, and people really, really harped on the strategy of "buy the rumor, sell the news." And then…then the news actually happened in March, the statement that…
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