Day: August 30, 2022

Litecoin (LTC) Performs Better Than Bitcoin In Last 24 Hours

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Litecoin (LTC) has been having a rough time pumping its value since 2022’s big market meltdown. The majority of cryptocurrencies likewise was experiencing the same misery. Since last month, however, the (bear) market has shown indications of resurgence (well, depending on which cryptocurrency article you are reading), allowing LTC to reach $63 by the middle of this month. The public’s interest in cryptocurrencies has varied drastically over the past several years. It has piqued the curiosity of investors, whose passion with cryptocurrencies has increased with time. Bitcoin, which has become…

Ethereum scaling network Arbitrum set for major upgrade on Aug. 31

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Ethereum layer-2 scaling solution Arbitrum is set to undergo one of its most significant upgrades on Wednesday, set to increase transaction throughput, slash transaction fees and simplify cross-chain communication between Arbitrum and Ethereum. Referred to as the “Nitro” upgrade, Arbitrum reconfirmed the date of the upgrade in a Twitter post on Aug. 29, confirming that the upgrade will take effect on Aug. 31 at 10:30 AM Eastern Time, while noting a two to four hours of network downtime period is to be expected. Reminder — Arbitrum One is upgrading to…

Ethereum Is About To EXPLODE! – Raoul Pal On The Ethereum Merge & Latest Crypto Update

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Ethereum Is About To EXPLODE! – Raoul Pal On The Ethereum Merge & Latest Crypto Update, Price Prediction and Bitcoin, Ethereum and Crypto Market Update The Ethereum Merge or Ethereum 2.0 is coming September the 19th and not enough people are talking about what may be the biggest day in the history of the Internet. One investor who is screaming from the rooftops about how big an opportunity this is, is Macro economic investor Raoul Pal. Raoul has been a long term,…

Ethereum Just Reversed and $1,600 is Imminent, Here’s Why

Ethereum started a strong recovery from the $1,425 zone against the US Dollar. ETH is back above $1,500 and might rise further towards the $1,600 resistance. Ethereum remained well supported above the $1,425 zone. The price is now trading above $1,500 and the 100 hourly simple moving average. There was a break above a key bearish trend line with resistance near $1,485 on the hourly chart of ETH/USD (data feed via Kraken). The pair is eyeing more gains above the $1,560 and $1,565 resistance levels. Ethereum Price Starts Recovery Ethereum…

‘Most of crypto is still junk’ and lacks use case — JPMorgan blockchain head

The head of JPMorgan’s digital assets unit Umar Farooq has suggestedthat most of the crypto assets on the market are “junk” and that real crypto use cases are yet to fully present themselves. During a panel discussion at the Monetary Authority of Singapore’s Green Shoots Seminar on Aug. 29, Farooq stated that regulation is yet to catch up to the burgeoning industry which is holding back many traditional financial (TradFi) institutions from getting involved. He also opined that with the exception of a few, utility for most crypto assets is…

Argentina’s Mendoza province now accepting crypto for taxes and fees

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In another shift toward widespread crypto adoption in Argentina, citizens from the Mendoza Province can now pay government fees and taxes using cryptocurrencies.  In an Aug. 27 statement, the Mendoza Tax Administration (ATM) described the new crypto payment service as fulfilling “the strategic objective of modernization and innovation,” giving “taxpayers different means to comply with their tax obligations.” The service officially began operation on Aug 24., but at this stage, it will only accept stablecoins such as Tether (USDT) for tax payments. Citizens can pay through the portal on the…

IMF Expects US Economy to Experience High Inflation for at Least Another Year or Two – Economics Bitcoin News

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The International Monetary Fund (IMF) expects the U.S. economy to experience high inflation for at least another year or two. “I would be careful about looking at one data point for the U.S.,” IMF First Deputy Managing Director Gita Gopinath cautioned. IMF on US Economy and Global Inflation The first deputy managing director of the International Monetary Fund (IMF), Gita Gopinath, discussed global inflation and the U.S. economy in an interview with Bloomberg Friday in Jackson Hole, Wyoming. Responding to a question about whether global inflation has peaked, she said:…

Bored Ape prices are down, but the NFT market is headed for new heights

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There is no denying that nonfungible tokens (NFTs) have taken a hit in recent months. Market conditions have plunged, scams and hacks are frequent, and there is an increasing number of low-quality projects, pushing many to question the value of NFTs and their place in Web3 altogether. Even popular projects like the Bored Ape Yacht Club have taken a hit, with floor prices dropping below $100,000 this year. Over the last crypto cycle, NFT market conditions have been largely correlated to and reliant upon the general crypto market. As technology and digital assets…

Is Coinbase Safe? Why They Aren't Going Bankrupt

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Losses, Layoffs, and Shutdowns. Is Coinbase ok? In this video I dive into what is going on and if you should be concerned. Video Links Ledn ▶ My Newsletter ▶ ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version

[IMPORTANT] "Crypto Tsunami Is Coming!" | Cathie Wood Latest Crypto Update On Bitcoin & Ethereum

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io [IMPORTANT] “Crypto Tsunami Is Coming!” | Cathie Wood Latest Crypto Update On Bitcoin & Ethereum Cathie Wood in her latest livestream update, explains what her and her firm, ARK Invest expect to see in equity and crypto markets over the next year. Is high inflation around to stay? Are we heading into a deep recession? What does this mean for Bitcoin, Ethereum and Crypto? Risk-off or Innovation? Catherine Duddy Wood or better known as Cathie Wood is the founder, CEO, and chief…