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Crypto analysis firm Santiment believes that Ethereum (ETH) and altcoins associated with top smart contract platforms will put many traders on the sidelines. Santiment said it is closely monitoring Ethereum's average transaction fees, which have plummeted to their lowest levels since October 18, 2023. According to the analytics firm, low gas prices are a solid signal that Ethereum is bottoming out regionally. “Ethereum’s average fee level has fallen to just $1.12 per network transaction, marking the lowest average daily cost since October 18th. Traders have historically oscillated between sentimental cycles of feeling like cryptocurrencies are “going to the moon” and…
Disclaimer: This article is a sponsored press release and does not constitute editorial content on Finbold. Crypto assets and crypto products involve significant risks. Do not invest unless you are prepared to lose your entire investment. Please see our full disclaimer. The dynamic world of cryptocurrency mining has long recognized the ability to mine Monero (XMR), Litecoin (LTC), and Dogecoin (DOGE). Monero ensures privacy with ASIC-resistant mining, Litecoin facilitates mining accessible via Scrypt, and Dogecoin offers great rewards with its easy-going appeal. But among these established coins, BlockDAG's X100 miner has emerged as a formidable player, boasting an impressive hash…
Bitcoin (BTC) showed resilience and regained the key $60,000 support level after bears attempted to break out of the $59,000 low set in March, based on CryptoSlate data. .The flagship cryptocurrency was trading at $60,800 at press time, after falling more than 5% to about $59,100 on April 30, when the trading day ended in New York.The broader crypto market also experienced significant losses on the day, with most major caps falling between 5% and 10%.At the time of writing, Ethereum (ETH) is trading at $3,022 after falling to a low of $2,919, while BNB is trading around $580 after…
Billionaire Binance co-founder and former CEO Qiao Changpeng remains behind bars after being sentenced in a Seattle court, but his vast fortune remains intact and could continue to grow. expected to be high.Mr. Zhao was sentenced to four months in prison on Tuesday after pleading guilty to enabling money laundering on his virtual currency exchange.According to Forbes magazine's list of the world's richest people, Zhao's personal net worth is estimated at $33 billion.Qiao Changpeng, founder and CEO of cryptocurrency exchange Binance, spoke at Binance's 5th anniversary event held in Paris, France on July 8, 2022. Staff | ReutersBillionaire Binance co-founder…
Runes, Bitcoin's new non-fungible feature, attracted attention and initially eased the profits of miners, but its usage quickly plummeted. At the time of publication, the price of BTC was above $60,150. (Unsplash/Shubham's Web3) Posted on April 30, 2024 at 6:19 PM ET. Shortly after Bitcoin miners' profits surged due to transaction fees from the launch of the Rune alternative token during the halving, miner profitability levels fell to an all-time low. It measures the expected mining revenue from a defined amount of hash rate, or computational power allocated to mining Bitcoin, at least as defined by “hash price”. On April…
At the time of writing, Ethereum (ETH) price is showing a sharp decline, but a bullish pattern has actually been confirmed. Buoyed by market conditions, the second-largest cryptocurrency on the planet could reach $4,000. Ethereum investors remain bullish Ethereum price fell to $3,000 in the past 24 hours, which proved to be an important test of the upper trend line of the descending wedge. The potential for altcoins to rise is supported by the fact that the optimism of ETH holders is still alive. ETH holders still retain significant gains, as evidenced by the Net Unrealized Gain and Loss (NUPL)…
DeFi • April 30, 2024, 6:50pm EDT issued 1 minute ago upon Uniswap users can now use Robinhood Connect to purchase cryptocurrencies using funds from Robinhood, debit cards, or bank transfers.Robinhood Connect became available to users of the Uniswap mobile app, a decentralized exchange (DEX), this week. Said in a statement Monday. According to the protocol, the service enables cryptocurrency purchases on Uniswap and is one of three providers joining Coinbase Pay and Moonpay.First-time Robinhood Connect users who purchase $10 worth of crypto on Uniswap's app will receive $10 worth of USDC in their Robinhood account.The Robinhood Connect and Uniswap…
DeFi • April 30, 2024, 6:50pm EDT issued 1 minute ago upon Uniswap users can now use Robinhood Connect to purchase cryptocurrencies using funds from Robinhood, debit cards, or bank transfers.Robinhood Connect became available to users of the Uniswap mobile app, a decentralized exchange (DEX), this week. Said in a statement Monday. According to the protocol, the service enables cryptocurrency purchases on Uniswap and is one of three providers joining Coinbase Pay and Moonpay.First-time Robinhood Connect users who purchase $10 worth of crypto on Uniswap's app will receive $10 worth of USDC in their Robinhood account.The Robinhood Connect and Uniswap…
A coal mining company revealed that it had been secretly mining Bitcoin for over three years. Alliance Resource Partners, which is listed on the Nasdaq Stock Exchange under the ticker ARLP, revealed its commitment to the cryptocurrency during its first quarter earnings call. “We really saw this as an opportunity given the fact that we have surplus power in our mining operations,” Cary Marshall, Alliance's senior vice president and chief financial officer, said in a transcript of the call released Monday. . The search for ways to monetize these surplus resources led the company to purchase Bitcoin mining equipment in…
An early Bitcoin investor who made millions of dollars acquiring the cryptocurrency and later dubbed himself “Bitcoin Jesus” has been arrested on fraud charges. Roger Keith Barr, 45, was arrested in Spain over the weekend. He previously lived in Santa Clara, California, but until recently he lived in Tokyo. According to the U.S. Department of Justice, Barr is facing three counts of mail fraud, two counts of tax evasion and three counts of filing a false tax return. The Justice Department says it will seek Barr's extradition to the United States to face charges. Barr was an early adopter of…