Month: June 2022

Ethereum Market Cap Cut By Over $100 Billion Last Month

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The worsening condition of the crypto market has seeped through Ethereum. The market cap of Ethereum was purged by more than $100 billion last month. Ethereum was trading at $1,809.49, down -6.9% Wednesday, chart by Coingecko shows. The bearish market stance is getting more consistent as Ethereum appears to settle at its comfort zone and trade below $4,000 this year. Being second in line to the top crypto Bitcoin, Ethereum remains unassailable, with it maintaining its ranking as the second-biggest cryptocurrency in terms of market cap. ETH closed May with…

BITCOIN WILL WE HOLD THIS LEVEL? BITCOIN PRICE PREDICTION AND TECHNICAL ANALYSIS 2021!

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io In this video we take a look at BITCOIN (BTC). We also look at technical analysis for BITCOIN (BTC) as well as price predictions moving forward into the future. CRYPTO TRADING COURSE: JOIN THE DISCORD: TWITTER: Disclaimer: This video should not be considered as financial advise and was only created for entertainment/educational purposes. I will never ask you for money or information nor will I ever give you financial advice. Please be aware of scammers in the comments impersonating the clever crypto…

Major South Korean crypto exchanges delist Litecoin

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Major cryptocurrency exchanges in South Korea have delisted Litecoin (LTC) weeks after flagging its privacy-focused MimbleWimble (MWEB) upgrade. In a public announcement on Wednesday, Upbit cited the Act on the Reporting and Use of Specific Financial Transaction Information, which prohibits anonymous transactions as the key reason for ending support for LTC. The delisting comes in the light of the much-awaited MWEB upgrade that made LTC transactions private, hiding some of the key identifiers. The upgrade was released earlier this year, nearly two years after its first proposal. The crypto exchange…

IMF recommends eco-friendly CBDCs and non-PoW mechanisms for payments

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An International Monetary Fund (IMF) study on energy consumption revealed the importance of design choices within the crypto ecosystem to build an environmentally friendly mainstream payment system. In the study entitled “Digital Currencies and Energy Consumption,” the IMF examined the energy consumption of crypto assets based on their distinct design elements to evaluate the ideal mechanism for developing central bank digital currencies (CBDCs). Estimates of energy use (in kWh) per transaction for the core processing of different payment systems. Source: IMF Sharing the groundwork for policy discussions around the environmental impacts of digital currencies, the…

Japanese Government Reportedly Set To Freez Stolen Crypto

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The decentralized nature of crypto assets ensures that transactions and activities involving the assets have no third parties interference. This has remained a leveraging feature that decentralized finance uses against its centralized counterpart. Yet, most criminal activities relating to cryptocurrency are scaling through based on its decentralized characteristics. One of such prevalent crimes is money laundering. Such loopholes have prompted some jurisdictions to propose laws for crypto and its related activities. The action is to control some of the excesses within the crypto industry and protect citizens investing in cryptocurrencies.…

Unity CEO Predicts Websites Will Mutate to Metaverse Destinations Before 2030 – Metaverse Bitcoin News

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John Riccitiello, CEO of Unity, one of the leading real-time 3D engine providers, has predicted that the internet will become part of the metaverse in the next several years. The executive predicted that most websites will become metaverse destinations and that this change will be mostly completed by the year 2030. However, legacy sites will still be around at the time, according to Riccitiello. Unity CEO States Internet Will Be VR-Based in the Future Several companies are now interested in how the metaverse could be a part of…