Author: CryptoExpert

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in Mining

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Crypto market ‘dramatically underestimates’ bullishness of spot Bitcoin ETFs

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in Bitcoin

[ad_1] The potential of a spot Bitcoin (BTC) exchange-traded fund (ETF) approval to drive prices up is dramatically underestimated by the crypto market, claim analysts from crypto research firm K33 — formerly Arcane Research. In a Sept. 5 market report, K33 senior analyst Vetle Lunde and vice president Anders Helseth said the last three months…

Ether price risks losing the $1.6K support as multiple ETH price metrics decline

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in Ethereum

[ad_1] Ether’s price surged by 31.3% from March 10 to March 18, coinciding with the Federal Reserve’s injection of $300 billion to address the insolvency of Silicon Valley Bank. Since then, Ether’s (ETH) price has consistently maintained a daily closing price above $1,600. However, investors are now casting doubt on Ether’s ability to sustain this support level, given…

Cambridge Bitcoin Energy Consumption Index lowers estimate by 14%, revises methodology

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in Mining

[ad_1] The Cambridge Bitcoin Electricity Consumption Index (CBECI), which tracks global Bitcoin energy consumption, has undergone its first major update since 2019, influenced by evidence pointing to frequent overestimating Bitcoin’s electricity usage. A new report is said to shed light on the evolution of Bitcoin mining and to clarify the rationale behind the changes in…

Coinbase-Incubated Base Suffers Outage, Team Says ‘No Funds Are at Risk’

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in Trending Cryptos

[ad_1] The Ethereum Layer-2 network Base exhibited some growing pains today, experiencing an outage that lasted half an hour and took another 30 minutes to fully resolve. “We had a delay in block production due in part to our internal infrastructure requiring a refresh,” Base reported on Twitter. “The issue has been identified and remediated.…

US Accountants Ready To Invest In Blockchain, AI Tools Like ChatGPT

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in Blockchain

[ad_1] In a recent Intuit survey, accountants in the United States have recognized the impact of technology on their businesses. Nearly half of those surveyed are ready to splash on blockchain and artificial intelligence (AI) solutions to grow and serve their clients better. Accountants Are Pro-Technology In a press release on March 29, The Intuit…

Bitcoin may soon rally based on ‘fundamental grounds’: Bernstein

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in Market Analysis

[ad_1] Bernstein analyst says Grayscale ruling was a game changer. Gautam Chhugani expects Bitcoin to materially benefit from it. The world’s largest cryptocurrency is still lingering around $26,000. The recent ruling in favour of Grayscale and against the Securities & Exchange Commission was a “game changer”, says Gautam Chhugani – a Bernstein analyst. Chhugani expects…

Why is XRP price down today?

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in Altcoin

[ad_1] XRP’s price is down today, akin to declines witnessed elsewhere in the cryptocurrency market. XRP underperforms crypto market XRP’s (XRP) price dropped nearly 1.5% to $0.50 on Sept. 5, underperforming the broader crypto market, which fell about 1% in the same period. The drop coincided with a rise in the U.S. Dollar Index. The dollar’s correlation…

Hall of Flame – Cointelegraph Magazine

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in NFT

[ad_1] “I live in Switzerland. I have guns at home. Anybody who shows up at my home with violent intentions risks being literally shot at,” Heaver warns altcoiners who send her death threats online. Speaking to Magazine, Heaver explains that she blames memecoin founders for fueling the fiery users on Crypto Twitter. “I mean, there’s…

New Ethereum Testnet “Holesky” Set to Launch in September

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