Part 1 – Cointelegraph Magazine

Crypto OGs — slang for Original Gangsters — have acquired almost a mythical and godly reputation in an industry populated with libertarians, anti-government rebels, innovators, get-rich-quick scammers, hackers and degen investors with rampant gambling addictions and toxic social media behavior.  Who are these OGs exactly? Unlike the rich and powerful in the traditional finance and conventional tech sector, crypto OGs are often protected by a layer of decentralized anonymity in a particularly wild corner of cyberspace. Who deserves this mythical label? The year they got into crypto? Their current net…

Bitcoin Fundamentals Grow Despite Market Downturn – Blockchain News, Opinion, TV and Jobs

By Marcus Sotiriou, Analyst at the publicly listed digital asset broker GlobalBlock (TSXV:BLOK).  Bitcoin reclaimed $19,000 last night, as a key technical indicator suggests we may have some upside in the coming days. The RSI (Relative Strength Index) is showing a bullish divergence on the daily time frame, as shown below. This occurs when price makes a lower low and RSI indicator makes a higher high, which typically results in a future bullish trend. The macroeconomic environment continues to cause fear for investors, as the European energy crisis dominates headlines. Germany’s sanctions against…

ETH Rebounds on Thursday, Less Than a Week Before ‘The Merge’ – Market Updates Bitcoin News

Ethereum was back in the green on Thursday, as bulls returned to action following yesterday’s sell-off. The token rose by over 8% in today’s session, as prices once again climbed above the $1,600 level. Bitcoin also rebounded in today’s session, moving back above $19,000. Overall, crypto markets are trading 4.39% higher as of writing. Bitcoin After slipping to a multi-month low on Thursday, bitcoin (BTC) rebounded in today’s session, as prices rose back above $19,000. BTC/USD rallied to an intraday high of $19,427.17 earlier today, which comes less than 24…

What the Ethereum Merge means for the blockchain’s layer-2 solutions

Ethereum is just over a week away from officially moving to a proof-of-stake (PoS) blockchain with the Merge slated for completion around Sept. 13–15. With the transition, Ethereum would abandon its current proof-of-work (PoW) chain, eliminating miners from the ecosystem.  Ethereum is a vast ecosystem with thousands of decentralized applications and decentralized finance protocols working on top of it. Additionally, there are several layer-2 solutions, i.e., solutions built on top of the blockchain itself, the layer 1, to facilitate faster transactions and make Ethereum more scalable. The Merge would mark…

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Will Ethereum keep rallying versus Bitcoin? ETH price technicals hint at 60% gains ahead

Ethereum’s native token Ether (ETH) shows the potential to log major gains versus Bitcoin (BTC) with the ETH/BTC pair nearing yearly highs.  Ether paints classic bullish reversal pattern The bullish cues come from a classic technical pattern called the inverse head and shoulders, which develops when the price forms three troughs below a common support level known as neckline. The middle trough, or head, is deeper than the other two, called the shoulders.  An inverse head and shoulders setup resolves after the price breaks above the neckline while accompanying an…