Tag Archives: Ether

After raising almost $47 million through donations in Bitcoin and other cryptocurrencies, Ukraine announced Wednesday it would reward those who have helped fund the country’s war against Russian invasion through a promotional “airdrop,” distributing crypto tokens directly into user wallets. Usually, a company conducts an airdrop as a promotional tool to increase the number of users for a new token or blockchain project. To unlock the free tokens, recipients are asked to complete a… Source link

A year filled with highs and lows for cryptocurrency is ending with surprising winners — neither of which are Bitcoin (BTC-USD), Dogecoin (DOGE-USD) and Shiba Inu (SHIB-INU), the three digital coins that grabbed most of the headlines in 2021. Ether (ETH-USD) was one of the year’s biggest winners, more than quadrupling Bitcoin as an investment. Despite heavy investor buzz and new exchange-traded funds, the leading cryptocurrency spiked to a fresh record near $69,000 — only to retreat in… Source link

Bitcoin, ether, and other major coins face selling pressure as anti-crypto comments from Twitter’s chief financial officer soured the market mood. The continued strength in the dollar index likely added to bearish forces. Bitcoin was trading 4.3% lower on the day near $60,800, while ether was nursing a 5.3% loss at $4,320 at press time, according to CoinDesk data. Litecoin, binance coin, Polkadot’s DOT token, and prominent decentralized finance coins flashed bigger losses. The selling… Source link

By Tom Westbrook SYDNEY (Reuters) – Bitcoin and ether made record peaks in Asia trade on Tuesday as enthusiasm for cryptocurrency adoption and fears about inflation lent support to the asset class. Bitcoin rose as high as $67,803 and ether, the second-biggest cryptocurrency by market value, hit $4,825 in early Asian hours. Both have more than doubled since June and added nearly 70% against the dollar since the start of October. “Crypto is where the fast money is at,” said Chris Weston, head of… Source link

Bitcoin exploded to a new all-time high Wednesday just one day after the first-ever bitcoin-linked exchange traded fund (ETF) started trading on the New York Stock Exchange. The ProShares Bitcoin Strategy ETF (BITO) saw more than $550 million dollars pour into the new futures-linked product in its debut trading day. That enthusiasm, in part, helped push bitcoin’s price (BTC) to a new all-time high north of $65,000 Wednesday morning. Now, one analyst at Fundstrat Global Advisors says that… Source link

HONG KONG/SINGAPORE (Reuters) -Cryptocurrencies popped to the top of recent ranges on Monday as short sellers bailed out in the wake of a strong week and while traders hoped a handful of positive comments from influential investors might signal a turnaround in fragile sentiment. Bitcoin rose as far as 12.5% to hit $39,850, its highest since mid-June during the Asia session, while ether hit a three-week peak of $2,344. On the heels of bitcoin’s best week in almost three months, the move put… Source link

TipRanks Billionaire George Soros Picks Up These 3 “Strong Buy” Stocks Some investors achieve legendary status, rising far above their peers on a combination of luck and success. Perhaps no one exemplifies this more than George Soros, the Holocaust survivor who, after the war, earned a doctorate from the London School of Economics and went into the banking industry to make his mark. He was wildly successful. The hedge fund he founded, Soros Fund Management, earned an average annualized… Source link

Bloomberg Inside the Race to Avert Disaster at China’s Biggest ‘Bad Bank’ (Bloomberg) — It was past 9 p.m. on Financial Street in Beijing by the time the figure inside Huarong Tower there picked up an inkbrush and, with practiced strokes, began to set characters to paper.Another trying workday was ending for Wang Zhanfeng, corporate chairman, Chinese Communist Party functionary—and, less happily, replacement for a man who very recently had been executed.On this April night, Wang was… Source link

(Bloomberg) — Bitcoin’s domination of total cryptocurrency market value is declining as its next-biggest rival Ether reaches the $3,000 milestone, suggesting room for more than one winner among digital tokens as the sector evolves. The largest digital currency now accounts for about 46% of total crypto market value of $2.3 trillion, down from roughly 70% at the start of the year, according to tracker CoinGecko. Second-ranked Ether is up to 15% and a group of others outside the top few has… Source link

Ether (ETH) has ascended to the apex of cryptocurrency in the last couple of weeks, taking the top spot from bitcoin (BTC). As of this writing, ether has grown 40.23% so far since April 1 to a new all-time high of $2,700. In the same period, bitcoin has experienced a drop off of 7.39% from $58,772 on April 1 to $54,428, this morning.  Difference between ether and bitcoin JPMorgan points out the difference between ether and bitcoin as it pertains to this study. Bitcoin is much more a… Source link