Bitcoin | Ethereum | Altcoin

2022-06-14 11:16:02 ETH ANALYSIS : WEEKLY TF

ETH/USDT is in the strong weekly demand zone price has taken reversal several times from this region also Bullish harmonic pattern.

Support Level : $1263.86 - $685.00

Resistance Level : 1356.00 - 1479.55 - 1603.10 - 1722.40 - 2344.43 .

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2022-06-13 12:45:01 Bitcoin and banking’s differing energy narratives are a matter of perspective

The Carbon Bankroll Report was released on May 17 as a collaboration among the Climate Safe Lending Network, The Outdoor Policy Outfit and Bank FWD. The collaboration made it possible to calculate the emissions generated due to a company’s cash and investments, such as cash, cash equivalents and marketable securities.

The energy consumption of the flagship proof-of-work (PoW) blockchain network, Bitcoin, has been a matter of debate in which the network and its participants, especially miners, are criticized for contributing to an ecosystem that might be worsening climate change. However, recent findings have also brought the carbon impact of traditional investments under the radar.

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2022-06-12 16:04:02 Bitcoin's Hashrate Hits an All-Time High Nearing 300 Exahash per Second

While Bitcoin’s mining difficulty was expected to decrease two days ago on June 8, instead the difficulty increased by 1.29% on Wednesday. On the same day, at block height 739,928, Bitcoin’s hashrate tapped an all-time high (ATH) reaching 292.02 exahash per second (EH/s).

This week, the Bitcoin network has never been more powerful as the protocol’s computational processing power reached a lifetime high on Wednesday. In fact, at 292.02 EH/s the network neared the 300 EH/s region for the first time. The last hashrate ATH took place on May 2, 2022, at Bitcoin block height 734,577, when it reached 275.01 EH/s. The jump to 292.02 EH/s 37 days later, was approximately 6.18% higher than the ATH on May 2. The ATH on Wednesday was only 2.73% away from reaching 300 EH/s or 0.3 zettahash per second (ZH/s) range.

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2022-06-11 19:14:10 Bitcoin | Ethereum | Altcoin pinned a photo Open / Comment

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2022-06-11 17:26:02 American Express announces its first US crypto rewards credit card

Credit card companies are trying to sweeten the perks they offer their customers, and American Express is doing just that through a new partnership with crypto wealth management platform and wallet provider Abra. The companies announced the launch of the Abra Crypto Card on the Amex network today at Coindesk’s Consensus conference in Austin, Texas.

The company declined to share details on which cryptocurrencies will be available to users in the first version of its card, which will launch late this year, but Barhydt said the offering will eventually allow users to choose to receive their rewards through multiple different cryptocurrencies as well as traditional rewards such as entertainment and dining-related perks already offered on the Amex platform.

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2022-06-10 08:02:02 Former US Solicitor General to Aid Grayscale’s Bitcoin ETF Efforts

Donald B. Verrilli, who served as Solicitor General of the US during Obama’s administration, could help Grayscale achieve its spot Bitcoin ETF mission. The world’s largest digital asset manager – Grayscale – hired Donald B. Verrilli as additional legal counsel. With his help, the firm aims to receive the SEC’s approval and finally convert its Bitcoin trust into an exchange-traded fund.

In a recent tweet, Grayscale raised hopes that Verrilli could be a great addition to the company’s “strongest possible team of legal minds” that work towards launching a spot Bitcoin ETF. He will serve as a senior legal strategist, collaborating with the firm’s attorneys and in-house counsel. Verrilli is an American lawyer with rich experience, having won numerous law cases throughout his career. In 2011, former President Barack Obama appointed him as the Solicitor General of the United States.

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2022-06-09 16:17:02 Cardano tops poll as the most held crypto in a bear market

On June 8, the value of Cardano (ADA) saw a sizeable increase, going up by as much as 8% in the previous 24 hours as investors continue to exhibit interest in the asset as the cryptocurrency market begins to show signs of improvement.

In particular, the poll conducted by London Real on June 7 through Twitter found that Cardano was overwhelmingly the most popular cryptocurrency to hold during a bear market out of 8,861 votes, with 77% of voters selecting ADA. Notably, there was a significant gap between the percentage of respondents who said they held Bitcoin 11%, Ethereum 5%, and ‘other’ 7% which were the other listed options in comparison.

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2022-06-08 09:28:02 Circle Adding USDC to Polygon for Web3 Payments

Fintech company Circle is adding its crypto stablecoin, the US Dollar Coin (USDC), to the Polygon blockchain. With Polygon USDC, users won’t have to bridge their USDC from Ethereum’s mainnet to Polygon. The Ethereum-Polygon bridge is cumbersome for many because it’s slower than typical ETH transactions and incurs Ethereum mainnet gas fees.

Circle CEO and co-founder Jeremy Allaire shared in a statement his reasoning behind why the company is adding USDC to Polygon, which now features roughly 20,000 dApps. “Supporting Polygon USDC in the Circle Account and Circle APIs is another step toward making USDC interoperable across more leading blockchains, helping foster greater adoption for dollar digital currency on the internet,” Allaire said. While Polygon-native USDC may be new, USDC isn’t—$110 million was poured into its creation by venture capitalists in 2018.

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2022-06-07 14:54:02 USDD upgrades into the first over-collateralized decentralized stablecoin

TRON-based USDD has joined the league of global crypto titans, surpassing several significant milestones in less than one month since its May 5 launch. The blockchain industry's most distinctive trait is constantly evolving and transforming traditional sectors rapidly, bringing revolutionary technologies to the world and financial markets worldwide.

USDD has continued to build since its launch, solidifying organic growth, and aspiring to advance the Stablecoin 3.0 era to make finance accessible to all. With a total circulating supply of nearly 700 million, the TRON-based USDD has recently upgraded itself to the first over-collateralized decentralized stablecoin (OCDS), offering faster transactions with the highest collateral ratio around the globe.

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