Category: Cryptocurrency News

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From the research I've done it seems Ethereum mining is mostly done on GPUs. I was wondering why miners don't use ASICS, or maybe a better question why a GPU is sufficient to mine Ethereum but not suitable for BTC. submitted by /u/unstopablex5 [link] [comments]

I have been a lurker for quite a while and I can reckon that there alot of people, on this reddit channel, that knows alot about crypto. I want to test your knowledge! How? You ask. I will post three charts (1Month) from random tokens of the top 100 and I want you to guess…
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Traders raised their bids for the decentralized exchange token, believing it would benefit from China’s decision to classify all crypto transactions as “illegal.”

Rocket Pool is hitting mainnet October 6th after 4 years in development! It will be the first decentralized staking pool that allows any user with at least 16 ETH to run nodes themselves. In celebration, the Rocket Pool community has organized a series of POAPs dedicated to communities that share the same ethos that we…
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Data shows that while September has been a brutal month for most cryptocurrencies, mid-cap altcoins have barely made it through with positive gains. Mid-Cap Altcoins Register Positive Gains Despite Bloody September As per the latest Arcane Research weekly report, the month of September has been quite bad for many cryptos including Bitcoin and Ethereum, but mid-cap altcoins seem to have just barely reached the finish line with overall positive gains. The month has historically been bad for the digital currency market as a whole, and this is the fifth consecutive time that BTC and others have observed negative returns. This September especially has been a rollercoaster ride for the overall crypto market as multiple big events have shaken up the prices throughout the month. First of these was the El Salvador Bitcoin Day, which many expected to bring with it some uptrend, but instead came a market wide crash where both BTC and altcoins saw their prices plunge as investors took to “selling the news.” Another major event was China’s statement regarding crypto transactions being illegal in the country, which lead to another crash. Related Reading | Mid-Cap Altcoins Hold Onto Highs Better Than Bitcoin And Ethereum The month also had news like Bitcoin being added to Twitter’s new tipping function, and the general global economic strain over Evergrande’s possible bankruptcy added into the mix. Here is a chart showing how the different caps altcoins performed throughout this month of chaos: Looks like only mid-cap altcoins have escaped September with positive gains | Source: Arcane Research As the above graph shows, mid-cap altcoins have survived the month with around 7% in positive returns, and thus have become the best performing index for the month. The small-cap index seems to be the worst hit in the period with around 18% in negative returns. Below them is the large-cap index that has also noticed double digits in the red of around 10%. Related Reading | Bitcoin Bearish Signal: On-Chain Data Shows Whales Have Started Selling Bitcoin has performed better than all altcoins save for the mid-cap index, but the crypto is still deep in the red nonetheless. At the time of writing, BTC’s price floats around $42k, down 0.5% in the last seven days. Over the month of September, the coin has lost around 8% in value. Here is a chart showing the trend in the price of Bitcoin over this brutal month: BTCs price plunges down during the period | Source: BTCUSD on TradingView After a long while of little price movement, Bitcoin’s volatility has finally returned this month as the coin has shown many up and down movements throughout the period. Though, in the end, BTC has only been able to manage negative returns for the month. Featured image from Unsplash.com, charts from Arcane Research, TradingView.com

In search of ways to heal its travel industry, hurt by the pandemic, Thailand is now recognizing an opportunity to tap into a growing market of cryptocurrency holders. Fostering a “cryptourism atmosphere” is what the country’s tourism agency intends to do, including by minting a new token and facilitating bitcoin card payments. Tourism Board of […]

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