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Bitcoin, Ethereum Technical Analysis: BTC Moves Briefly Back … – Bitcoin News

Posted: March 16, 2023 at 3:08 pm


Bitcoin briefly moved back above $25,000 on Thursday, as markets rebounded from a volatile session the day prior. The potential collapse of Credit Suisse was somewhat averted, following an intervention from the Swiss National Bank, which has helped calm markets. Ethereum mostly consolidated in todays session.

Bitcoin (BTC) rose back above the $25,000 level in todays session, as market volatility eased, as the Swiss National Bank moved to prevent a collapse of Credit Suisse.

Following a low of $23,964.91 on Wednesday, BTC/USD rallied to an intraday peak of $25,240.62 earlier in the day.

As a result of the move, bitcoin once again broke out of a key resistance level at the $25,050 zone.

Overall, BTC is now trading 15% higher from the same point last week, with the 14-day relative strength index (RSI) at its strongest point since February 20.

Currently, the index is tracking at 62.54, which is marginally below a resistance point at the 65.00 mark.

This ceiling remains the main obstacle preventing bitcoin bulls from surging back towards a recent high above $26,000.

Ethereum (ETH) on the other hand was mostly in the red, with prices falling back below the $1,700 mark.

ETH/USD hit a low of $1,616.63 earlier in todays session, which comes following a high at the $1,701.43 mark the day prior.

As a result of todays drop, the worlds second largest cryptocurrency moved below a key ceiling at the $1,675 point.

Looking at the chart, the decline came as the RSI failed to break out of a resistance level at 60.00.

At the time of writing, price strength is now tracking at 56.90, with the next visible point of support at 55.00

In the event bears land at this zone, there is a strong chance that ETH will be trading below $1,600.

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Could ethereum rebound in the coming days? Leave your thoughts in the comments below.

Eliman was previously a director of a London-based brokerage, whilst also an online trading educator. Currently, he commentates on various asset classes, including Crypto, Stocks and FX, whilst also a startup founder.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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March 16th, 2023 at 3:08 pm

Posted in Ethereum

Banking contagion sparks crypto frenzy: investors rush to ‘HODL … – Finbold – Finance in Bold

Posted: at 3:08 pm


After the widely publicized collapse of the Silicon Valley Bank (SVB), accompanied by two other major banking institutions crashing and more at risk, investors seem to be increasingly flocking to the alternative solution cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH).

As evident from the declining portion of Bitcoin and Ethereum reserves on crypto exchanges, investors are seeking refuge in these digital assets out of fear that the banking crisis could spread to crypto businesses, as noted by blockchain and financial analysis platform Glassnode in a weekly newsletter sent out on March 13.

Specifically, the report stated that around 0.144% of all BTC and 0.325% of all ETH in circulation was withdrawn from exchange reserves, demonstrating a similar self-custody response pattern to the collapse of the crypto trading platform FTX.

On top of that, the platforms team stressed that these numbers spoke volumes about the growing level of investor confidence in crypto in recent weeks:

On a USD basis, the last month saw over $1.8B in combined BTC and ETH value flow out of exchanges. This is not necessarily large in relative scale. However, observing net exchange withdrawals, especially within the current hostile regulatory environment, does speak to a degree of investor confidence that is worth noting.

Meanwhile, Bitcoin has put some breaks on its recent progress, gaining only 0.17% on the day and at press time trading at the price of $24,674, as it began to consolidate the weekly increases of 13.64% and of 13.14% on its monthly chart.

At the same time, Ethereum has lost 1.17% in the last 24 hours, trading at the price of $1,672, but still up 8.97% compared to the previous seven days and 11.02% across the last month, as per the latest information retrieved on March 16.

Whether crypto manages to retain investors interest remains to be seen and will largely depend on the developing situation in the banking sector, in addition to the developments directly related to the cryptocurrency market and the wider macroeconomic landscape.

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

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Banking contagion sparks crypto frenzy: investors rush to 'HODL ... - Finbold - Finance in Bold

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March 16th, 2023 at 3:08 pm

Posted in Ethereum

What Are the Ethereum Network’s ERC-20 Tokens? – Robotics and Automation News

Posted: at 3:08 pm


You may be familiar with Ether, a distributed platform for consensus mechanisms. But what exactly are ERC-20 tokens for Ethereum?

On Ethereum, there are ERC-20 tokens because they are simple to make and follow a set methodology. Because of this, they are easier to utilize than other tokens.

Ethereum Code may perform all of their operations electronically using the trading platform Ether Software.

Well define ERC-20 currencies in this post and provide you with some instances of well-known ERC-20 tokens. Well also explain how to utilize and store them.

The Ethereum serves as the foundation for a particular kind of token known as an ERC-20 token, or Ethereum Proposal for Comments 20.

ERC-20 tokens are digital currencies that may stand in for many items.

For example, they may stand in for virtual shares, money, rewards, or anything else that can be split and distributed.

The fact that ERC-20 tokens are simple to trade and maintain is one of their main advantages. Because of this, they are perfect for a wide range of uses.

A smart contracts procedure is used to produce ERC-20 coins. An intelligent contract program that aids in the negotiation or fulfilment of a contract by facilitating, verifying, or enforcing it.

With ERC-20 tokens, an intelligent contract creates and manages a new ticket. An agreement and coding are required to produce an ERC-20 pass. The coding is a collection of directives explaining how to make and administer your new coin to the shared ledger.

Users may develop the software in any language. Still, it has to be translated into Solidity, a programming language created exclusively for building smart contracts for the Ethereum network.

You may generate your own token by making a payment to the consensus mechanism after you have your code. By doing this, a starting supply of tickets will be created and assigned to a specific address. After that, you may transmit these tokens to anybody you choose by transferring them to their account.

For its owners, ERC-20 tokens provide a wide range of advantages. To begin with, trading them is simple. It is because they are built on the Ethereum network, one of the worlds most widely used and widely-used distributed ledgers. Because of this, they are more liquid and simpler to trade than that other kind of tokens.

They are adaptable as well. ERC-20 certificates are based mainly on Hyperledger fabric and can be employed for various things. These cover making purchases of products and services and taking part in tokens.

Finally, they provide investors with a high level of security. It happens because they were created on the Bitcoin blockchain, which is renowned for its reliability and safety.

There are several uses for the ERC-20 token. They often function as a means of trading or exchanging passes for these other resources and raising money for new endeavours.

Most ERC-20 currencies are convenience tokens, which may be used to pay for products and services. Others are employed as crypto assets, which provide owners with an economic interest in the underlying enterprise.

So, if you were to purchase a new camera phone using an ERC-20 currency, you might do so by using a user token that users may use to purchase photographic gear. Alternatively, you can buy a security token if you wish to participate in a startup raising money using ERC-20 tokens.

An ERC-20 coin is created on Ethereum, which is its primary distinction from an Ethereum token. It indicates that it is compatible with Ethereums distributed architecture and may be exchanged there.

The direct benefit of an ERC-20 cryptocurrency is that it gains access to the Ethereum channels reliability and security. If youre looking for a form of payment that is suitable for international trade, Ethereum is a terrific choice.

The reasons for this are:

ERC-20 vouchers are simply one kind of money that relies on Ethereum. Ethereum certificates, however, are not developed on the Ethereum platform and are incompatible with Ethereum marketplaces.

Although they have no intrinsic worth, users can use them to symbolize almost anything. Make careful to do thorough research before investing in either ERC-20 token. Frauds abound; if youre not vigilant, its simple to fall victim to one.

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What Are the Ethereum Network's ERC-20 Tokens? - Robotics and Automation News

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March 16th, 2023 at 3:08 pm

Posted in Ethereum

Test: New ChatGPT-4 instantly identified Ethereum smart contract … – Finbold – Finance in Bold

Posted: at 3:08 pm


The popularity of OpenAIs text-based artificial intelligence (AI) platform ChatGPT has reinvigorated the publics interest in the underlying technology due to its utility in multiple areas, and one cryptocurrency exchange executive has decided to test its abilities in finding flaws in Ethereum (ETH) smart contract.

Specifically, Conor Grogan, director of crypto trading platform Coinbase, has dumped a live Ethereum contract into the newest version of the popular chatbot, GPT-4, and it highlighted multiple security vulnerabilities and surface areas where the smart contract could be exploited, as he said in a Twitter post on March 14.

Additionally, Grogan posted screenshots of the AI bots analysis, which indeed seem to show that ChatGPT is capable of correctly identifying critical issues and vulnerabilities, as it concluded that the analyzed smart contract should not be used, as it contains critical vulnerabilities and is based on an illegal scheme.

That being said, some disagreement arose in the comments regarding whether the new version of the AI tool was able to discover these smart contract vulnerabilities on its own or was just highlighting old information about it already available online.

Indeed, Grogan did specify that the contract in question was hacked in 2018 using the flaws that the AI tool was pointing out, which led several commenters to state it was simply listing the issues that had already been made public before its training data cutoff in September 2021, and that it might not be as accurate with an unseen smart contract that was never exploited before.

Regardless of whether ChatGPT was able to dig out the vulnerabilities in the smart contract on its own or was just regurgitating the information already available online, its capabilities are still significant and potentially useful in auditing smart contracts, as well as in other areas in the cryptocurrency sector, such as in making educated guesses about the future price of cryptocurrencies like Polygon (MATIC).

That said, some critics, including Tesla (NASDAQ: TSLA) CEO Elon Musk, have expressed their views that ChatGPT may be biased in discussing certain topics that are considered controversial, which has allegedly led Musk to start contemplating the possibility of creating a ChatGPT alternative as he joked about the need for TruthGPT.

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Test: New ChatGPT-4 instantly identified Ethereum smart contract ... - Finbold - Finance in Bold

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March 16th, 2023 at 3:08 pm

Posted in Ethereum

Ethereum Mixer Offer to Protect Anonymity & Making Transactions Untraceable in 2023 – Yahoo Finance

Posted: at 3:08 pm


Valletta, Malta - (NewMediaWire) - March 15, 2023 - Ethereum Mixer (ETH Mixer) has emerged as an Ether Tumbler that helps to enhance the privacy and anonymity of Ethereum users by allowing them to mix their digital assets with other users.

In the latest development in the crypto world, Ethereum mixer experts to protect anonymity & making transactions untraceable in 2023. The tool helps to enhance the privacy and anonymity of Ethereum users and allows them to mix their digital assets with other users. The user's Ethereum can take it and mix it with other users' Ethereum and then send the mixed Ethereum back to the original user. This process becomes difficult for anyone to trace the original source of Ethereum, enhancing the user's privacy and anonymity.

Ether Mixer works by mixing Ethereum coins with those of other users. With the use of ETH Mixer, users are allowed to visit the ETH Mixer website and follow the instructions provided. After that, the users are prompted to enter the Ethereum address to which they want the mixed coins sent. The tool enables the users asked to provide a destination address, which is the address to which they want the mixed Ether coins to be sent. This address can be any Ethereum address, including the user's address.

Ethereum Mixer also takes the Ether coins and mixes them with Ether coins from other users. The process sends the crypto coins through multiple wallets before sending them to the destination address. In that way, the original coins are broken up into a lot of smaller transactions, making it difficult to trace the original source of Ethereum.

ETH Mixer provides their users with maximum privacy. By using the Ethereum Mixer, users can enhance their privacy and anonymity, as it becomes more difficult to trace the original source of the coins.

In addition, Ether Mixer provides security services as well. By utilizing the Ethereum Mixer services, the user's Ethereum coins are mixed with those of other users, making it difficult to identify the original source of the coins. This can help to protect users from theft and fraud, as it becomes more difficult for attackers to target specific wallets.

Story continues

Ethereum Mixer takes security very seriously and employs a number of measures to protect users' Ethereum coins. The main security measure used by Ethereum Mixers is encryption. All transactions on Ether Mixers are encrypted, which helps to protect users' privacy and prevent attackers from accessing their coins.

Ethereum Mixer also uses a secure SSL connection to protect users' data. All data sent between the user's browser and the Ethereum Mixing website is encrypted and cannot be intercepted by attackers.

Including more, Ethereum Mixer uses a secure server infrastructure to protect users' coins. The Ether Mixer servers are located in a secure data center in an unknown place, protected by physical and electronic security measures. This helps to ensure that users' coins are safe and secure at all times.

About Ethereum Mixer:

Ethereum Mixer is an essential tool used to enhance the privacy of Ethereum transactions. By breaking down transactions into smaller amounts and mixing them with other transactions, Ethereum mixing makes it almost impossible for anyone to trace a transaction back to its original sender. By using an Ethereum Mixer, users can increase the privacy and security of their cryptocurrency.

More details about Ethereum Mixing and the Ether Mixer platform can be gathered through the official website Ethereum-Mixer-ETHMixer.com.

Contact name: Jane Doe

Company name: Ethereum Mixer (ETH Mixer)

Email: ethereum@mixer.com

Website: http://www.ethereum-mixer-ethmixer.com

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Ethereum Mixer Offer to Protect Anonymity & Making Transactions Untraceable in 2023 - Yahoo Finance

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March 16th, 2023 at 3:08 pm

Posted in Ethereum

Ethereum & Vechain showcase how blockchain technology … – Crypto News Flash

Posted: at 3:08 pm


Source: Akarat Phasura - Shutterstock

The discussions on the importance of blockchain technology are gaining momentum and two of the most versatile Layer-1 protocols, Ethereum (ETH) and VeChain are gaining momentum in related conversations globally.

According to a research paper published by the Multidisciplinary Digital Publishing Institute (MDPI), Greek researchers led by Evripidis K. Kechagias, the ways in which Ethereum can be used to advance traceability in the Food supply chain ecosystem were highlighted.

According to the researchers, there are a number of complicated processes involved in the supply chain ecosystem that is often overwhelming and cause a lag. One of the major challenges is the issue of traceability which can cause a lot of regulatory problems for producers and distributors.

While the issue of traceability is an ancient one, blockchain technology appears to be a viable solution that can change things around. The research paper thus presents a framework that showcases how Greek Olives producers can utilize the Ethereum protocol to optimize their current approach to Traceability in their supply chain practices.

The paper also presents a methodological framework, which can help anyone aiming to implement an Ethereum decentralized application and demonstrates the practical use of the developed application by a Greek table olives producer. The application significantly improved the producers product traceability by providing a secure, transparent, and efficient solution for tracking and tracing the products in the supply chain, an excerpt from the papers Abstract reads.

Ethereum is considered one of the most robust smart contract protocols and arguably the largest in terms of its Total Value Locked (TVL) which is now pegged at $27.9 billion according to data from DeFiLlama. With its growing relevance, Ethereum is now considered a flexible fit by the Greek scientist for their Traceability in Supply Chain innovation.

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While the role of Ethereum as the biggest smart contract protocol in the crypto ecosystem is acknowledged, the role of other Layer-1 protocols like VeChain in key technological innovations cannot also be shoved aside.

In recognizing the role of VeChain in the supply chain world, the Greek researchers also mentioned VeChain with regard to its usage by the China Animal Health and Food Safety Alliance (CAFA). The research team highlighted the role of VeChain to improve food safety and quality control while providing transparent information to consumers by providing a food traceability certification system for CAFA members, enabling them to track the entire life cycle of food products, from production to distribution and sale.

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Since its inception, VeChain has played a very definitive role in innovations that are best suited for enterprise adoption. Build as a very scalable, fast, and flexible protocol, VeChain has joined the fight against Climate Change and sustainability management, a role that has earned it wide acclaim even among its crypto peers.

In all, it has been proven that blockchain protocols can help rebrand the multi-billion dollar supply chain industry.

Crypto News Flash does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to cryptocurrencies. Crypto News Flash is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned.

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Ethereum & Vechain showcase how blockchain technology ... - Crypto News Flash

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March 16th, 2023 at 3:08 pm

Posted in Ethereum

Cryptocurrency Ethereum Classic Decreases More Than 3% Within 24 hours – Benzinga

Posted: at 3:08 pm


March 16, 2023 11:00 AM | 1 min read

Over the past 24 hours, Ethereum Classic's (CRYPTO: ETC) price has fallen 3.95% to $18.79. This is opposite to its positive trend over the past week where it has experienced a 1.0% gain, moving from $18.51 to its current price.

The chart below compares the price movement and volatility for Ethereum Classic over the past 24 hours (left) to its price movement over the past week (right). The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.

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The trading volume for the coin has climbed 120.0% over the past week, moving opposite, directionally, with the overall circulating supply of the coin, which has decreased 1.29%. This brings the circulating supply to 139.95 million, which makes up an estimated 66.42% of its max supply of 210.70 million. According to our data, the current market cap ranking for ETC is #27 at $2.63 billion.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.

2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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Cryptocurrency Ethereum Classic Decreases More Than 3% Within 24 hours - Benzinga

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March 16th, 2023 at 3:08 pm

Posted in Ethereum

Ethereum layer-2 solutions may focus less on token incentives in the future – Cointelegraph

Posted: at 3:08 pm


Layer-2 networks continue to gain momentum as the Ethereum ecosystem advances. For example, data from analytics provider Token Terminal found that layer-2 scaling solution Polygon had 313,457 daily active users as of Jan. 17, 2023 a 30% increase in activity since October 2022.

Moreover, the Polygon ecosystem recently announced the launch of its beta version Zero-Knowledge Ethereum Virtual Machine. As a result, Polygons native token, Polygon (MATIC), maintains a bullish narrative.

While notable, some believe layer-2 networks offering token incentive models may soon become obsolete. For instance, Jesse Pollak head of protocols and Base core contributor at American crypto exchange Coinbase told Cointelegraph at ETHDenver 2023 that there are currently no plans to associate a token with Base, the Ethereum layer-2 network recently launched by Coinbase. He said:

According to Pollak, Base is a layer-2 solution that allows developers to easily build applications without requiring an incentive mechanism. Our product will stand on its own. It will be very easy for developers to use to build applications and distribute those to real human beings, he said.

Focusing on ease of use and distribution are important points, as Pollak pointed out that many of todays decentralized applications have been used solely for trading cryptocurrencies. Trading is not enough to make cryptocurrency the future of the economy. At Base, we are making it easy for developers to build useful applications that people actually want to use, he added.

Pollak explained that Base is investing in core infrastructure, such as Ethereum Improvement Proposal 4844, which will make the network secure and low-cost compared with other layer-2 networks. It costs about 1015 cents to conduct transactions on layer-2s. We aim to bring that down, he mentioned.

While Base launched its testnet in February, Pollak shared that the Base mainnet launch will take place in the coming months. Moreover, while no plans exist for Base to offer a native token, several ecosystem participants have already expressed interest in building on Base.

Recent:Next stop Shanghai Ethereums latest milestone approaches

For example, Konstantin Richter, chief executive officer and founder of Blockdaemon a blockchain infrastructure provider told Cointelegraph at ETHDenver 2023 that Blockdaemon will serve as an official infrastructure partner for Base. Richter shared that he thinks Base shouldnt have a token associated with the network, as he believes proof-of-stake (PoS) is an entirely broken system. Blockdaemon runs more PoS nodes than anyone else, and I can tell you that proof-of-stake only works when token prices go up, he said.

Richter further explained that Blockdaemon plans to use the Base network to determine how to allow network participants to run nodes while possibly earning a fixed U.S. dollar fee. This may result in a different type of PoS mechanism, possibly around commitment of compute rather than a staked percentage of tokens that may not serve the network well, he said. Richter added that such a model could result in a better user experience. He said:

Yet it remains questionable how exactly Base will attract users and developers to the platform without a token incentive model. Given Coinbases vast understanding of institutions and decentralized finance (DeFi), Richter doesnt think this should be an issue: I prefer to work with Base given Coinbases understanding of institutions and DeFi. Its remarkable that a public Fortune 500 company is committed to putting transactions transparently on Base.

While its too soon to predict future outcomes, its important to note that Arbitrum, another Ethereum layer-2 network, also functions without a native token. This has certainly not stopped users from interacting with the Arbitrum network. According to data from the analytics website L2Beat.com, Arbitrum has about $3.35 billion total value locked, making up about 54% of the market share on Ethereum.

However, rumors have been circulating that Arbitrum may initiate a token airdrop in the future. While this may or not be the case, it demonstrates Arbitrums ability to determine product market fit before launching a token. Gil Rosen, president of the Stanford Blockchain Accelerator, told Cointelegraph at ETHDenver 2023 that finding product market fit is about ensuring projects acquire the right customers whose value is accretive to the ecosystem, which often isnt the case with tokens. Early projects that launch tokens are often locked into tokenomics models before finding product market fit and then are unable to pivot dynamically, Rosen said.

DeFi Dad, a partner at digital asset investment firm Fourth Revolution Capital, told Cointelegraph that he believes the main driver behind layer-2 tokens is to ensure decentralized control over layer-2 networks.

For example, he explained that the upcoming launch of zkSyncs Zero-Knowledge Ethereum Virtual Machine would use a PoS mechanism to allow zkSync tokenholders to act as stakers. Layer-2 tokens are necessary for building the decentralized future, he said.

DeFi Dad thinks a layer-2 network without plans to implement a native token could be successful if users are willing to sacrifice decentralization and censorship resistance in the short term.

Recent:Banks with crypto services require new Anti-Money Laundering capabilities

He said, Base could be successful as a network for transacting with a users crypto. However, make no mistake; Base will be a layer-2 (at least for the foreseeable future) that makes trade-offs. As DeFi users, we tend to deprioritize security and censorship resistance until we really need it.

With this point in mind, Rosen mentioned that he believes token models will remain for many decentralized projects with large developer and user communities, but these will launch later. A project may launch a token when the networks themselves are more mature and have found product market fit.

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March 16th, 2023 at 3:08 pm

Posted in Ethereum

Why Bitcoin, Ethereum, and Dogecoin Popped on SVB Rescue … – The Motley Fool

Posted: at 3:08 pm


What happened

The stock market may be closed this weekend, but crypto markets trade 24/7, so this is where we're seeing the minute-by-minute market reaction to Silicon Valley Bank's (SIVB -60.41%) collapse and potential rescue this weekend. Crypto values collapsed starting Thursday when the bank run began, but the sentiment has changed in the last few hours.

Between 1 p.m. and 3 p.m. ET, Bitcoin (BTC 0.57%) jumped 4.1%, Ethereum (ETH -0.26%) popped 5.1%, and Dogecoin (DOGE 1.18%) was up 3.2%. That's a big increase in a couple of hours, but it may be warranted today.

As ironic as it may seem, the crypto market is reacting to the potential rescue of Silicon Vallen Bank's depositors, who could have been frozen out of billions of dollars in assets on Monday, potentially starting a bank run across the U.S. This is the kind of centralized financial market crypto was supposed to be escaping from. But, in reality, cryptocurrency has been much more correlated with risky assets than they have been a hedge.

Crypto values started to pop as bids for Silicon Valley Bank were due from potential buyers and reports began to surface that the Treasury Department, Federal Reserve, and Federal Deposit Insurance Corporation (FDIC) have considered safeguarding all uninsured deposits. The fear is that if deposits are lost, it will lead customers to pull deposits from other small and regional banks, which could collapse the financial system.

As I am writing, there's no resolution to the situation, but crypto markets are reacting as if a deal is imminent. By Monday morning, we will find out whether a buyer has emerged or regulators will somehow save deposits.

The risk to the financial system is very real if banks start collapsing, but this is an opportunity for investors to take a long-term view. Unlike in 2008 and 2009, Silicon Valley Bank didn't fail because it made bad loans but because depositors pulled $42 billion in assets out in one day. No bank could handle that. And if regulators come up with a solution to help keep depositor money safe, it would ease some market fear.

As for crypto, I think this incident did highlight what a risk asset it remains. Many people have argued that crypto solves risks in the financial system, such as banks failing and regulars not managing systemic risk, but the reality is that the crypto market plunged when a medium-sized bank failed.

If you're invested in crypto as an alternative to traditional currencies, this episode may make you think twice about the investment thesis for crypto. But I think the real value here is in the blockchain and business models that blockchain technology can unlock. As a result, I see the recent drop as a buying opportunity for crypto. But we can all acknowledge that systemic risk still impacts cryptocurrencies in a crisis like this.

SVB Financial provides credit and banking services to The Motley Fool. Travis Hoium has positions in Ethereum. The Motley Fool has positions in and recommends Bitcoin, Ethereum, and SVB Financial. The Motley Fool has a disclosure policy.

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March 16th, 2023 at 3:08 pm

Posted in Ethereum

Ethereum Drops Below This Key Level; ApeCoin Becomes Top Loser – Benzinga

Posted: at 3:08 pm


March 15, 2023 9:59 AM | 1 min read

Bitcoin (CRYPTO: BTC) traded lower, with the cryptocurrency prices falling below the key $25,000 level on Wednesday.

Ethereum (CRYPTO: ETH) also moved lower, falling below the $1,700 mark this morning.

SingularityNET (CRYPTO: AGIX) was the top gainer over the prior 24 hours, while ApeCoin (CRYPTO: APE) turned out to be the biggest loser.

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At the time of writing, the global crypto market cap fell to $1.09 trillion, recording a 24-hour decline of 3.2%. BTC was trading lower by 3.7% at $24,951, while ETH fell by around 3.6% to $1,683 on Wednesday.

Here are the top ten crypto gainers and losers over the past 24 hours:

Price: $0.500724-hour gain: 20.1%

Price: $0.998924-hour gain: 14.3%

Price: $0.338924-hour gain: 11.3%

Price: $1.2924-hour gain: 9.3%

Price: $0.0320824-hour gain: 7.7%

Price: $4.2824-hour drop: 7.1%

Price: $833.8924-hour drop: 6.8%

Price: $0.438624-hour drop: 6.5%

Price: $0.337724-hour drop: 6.5%

Price: $41.4024-hour drop: 6.2%

Read This Next: Insiders Selling Micron, KeyCorp And 2 Other Stocks

2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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March 16th, 2023 at 3:08 pm

Posted in Ethereum


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