Ripple (XRP) Adds Over 7% In Value While Others Bleeding In Market.

The May market crash and its resulting bearish trend caused massive losses for investors. But the Ethereum merge adverse effect was an unforeseen force. The crypto market has recorded more pullbacks than rallies since September 15. Many analysts, especially Ethereum supporters, hyped the merge, making others believe it’ll reverse the market. Unfortunately, after the upgrade, Ether and other cryptos crashed. Even Bitcoin lost $1000 a few minutes after the event.  Related Reading: Ethereum Proof Of Work (ETHW) Gains 30%, Is More Upside Coming? The market is still in the Red…

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Bitcoin Price Recovers Above $19,000, But Is The Onslaught Over?

Bitcoin has been able to regain some of its footings over the last 24 hours after it had fallen to the $18,000 level, taking the entire crypto market down with it. Now, as the Tuesday trading day opens, the digital asset has made its way above $19,000. But despite bitcoin looking to be forming support just above $19,200, questions still abound in the market if this is a false recovery. Is The Onslaught Over? Bitcoin’s move above $19,000 has been a 4% increase over the past 24 hours. Given the…

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Alternative payments’ threat to national security goes far beyond crypto

Non-crypto alternative payment systems pose a serious threat to United States security, according to testimony presented at a U.S. House Financial Services Committee Subcommittee on National Security, International Development, and Monetary Policy hearing Tuesday. The alternative payments ecosystem should be seen as a whole, and crypto can enhance national security, speakers said.  Wilson Center fellow Scott Dueweke told the U.S. House Financial Services subcommittee in written testimony, “By focusing only on cryptocurrencies we risk missing the forest for the trees.” Money services businesses are heavily regulated in the United States,…

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Crypto and stocks soften ahead of Fed rate hike, but XRP, ALGO and LDO look ‘interesting’

Prices remain soft across the market as traders await Federal Reserve Chair Jerome Powell’s statement on the size of the next interest rate hike.  At the moment, the market consensus is a 0.75 bps rate hike and a sliver of analysts are banking on 1%. Stocks also appear en-route to close the day in the red, with the Dow down 0.75%, and the S&P 500 and Nasdaq registering a 0.79% and 0.64% loss. Bitcoin continues to fight what appears to be a losing battle at the $19,000 mark, while Ether…

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OpenSea to allow creators to host token sales directly through its homepage

OpenSea, the digital marketplace for crypto collectibles and non-fungible tokens (NFTs), has launched a new initiative to make it easier for creators to create and distribute NFTs on its marketplace.  As part of this new immersive initiative, creators will be able to launch their NFT collections on their own customizable and dedicated drop pages, which the company hopes will allow for greater visibility and discoverability on the marketplace’s new homepage. Under the customizable drop pages, creators will now have the ability to share images and videos, provide team highlights, outline…

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Litecoin Foundation’s managing director shares his thoughts on decentralized money

Litecoin (LTC), known as “the silver to Bitcoin’s gold,” has been around for almost 11 years — which is quite a feat considering a fair amount of cryptocurrencies go bust within 12 months of launching. Cointelegraph spoke with the Litecoin Foundation’s managing director, Alan Austin, about why he thinks Litecoin’s core utility is serving as a reliable means of payment. As told by Austin, much of his vision for Litecoin is drawn from personal experience: “When I finished grad school, I worked with startup technology companies and real estate. And…

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Staking providers could expand institutional presence in the crypto space: Report

The Ethereum blockchain’s carbon footprint is expected to reduce by 99% following last week’s Merge event. By positioning staking as a service for retail and institutional investors, the upgrade could also have a significant impact on the crypto economy, according to a report from Bitwise on Tuesday. The company said it projects potential gains of 4%–8% for long-term investors through Ether (ETH) staking, while J.P. Morgan analysts forecast that staking yields across PoS blockchains could double to $40 billion by 2025. Users who stake crypto assets earn rewards — known…

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ApeCoin Eyes $10 Ahead Of Staking, Could This Be A Bullish Catalyst?

APE looks bullish ahead of staking as this could be one of the most anticipated stakings in crypto. Price reclaims 50 exponential moving average (EMA) on the daily timeframe  ApeCoin price breaks out of an asymmetric triangle setting up a bullish scenario ApeCoin (APE) has seen more turbulent times than a rosy start as its price tumbled from $27 to $4 but could be set for a major run ahead of its impending staking scheduled to start in the fourth quarter of this year. The price of ApeCoin (APE) has…

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Well-known vulnerability in private keys likely exploited in $160M Wintermute hack

Blockchain cybersecurity company Certik has said a vulnerable private key was attacked in the Wintermute hack. A vulnerability in private keys generated by the Profanity app was likely exploited. The vulnerability has been known since at least January. The U.K.-based algorithmic crypto market maker announced the hack on Tuesday and said over-the-counter and centralized finance operations were not affected. About $162.5 million worth of cryptocurrencies were taken. “We are solvent with twice over that amount in equity left,” Wintermute CEO Evgeny Gaevoy said in a tweet. Certik said in a…

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